As SBI Funds Management heads for its Rs 11,693-crore IPO, the rise of digital-first platforms like Zerodha and Groww is reshaping India's mutual fund industry. While digital challengers are winning younger investors, the country's largest AMC believes its scale, trust and distribution network remain powerful competitive advantages.

SBI Funds Management, India’s largest asset manager, will draw investments from Abu Dhabi Investment Authority (ADIA) and Singapore’s GIC as part of its $1.2 billion initial…

As SBI Funds Management heads for its Rs 11,693-crore IPO, the rise of digital-first platforms like Zerodha and Groww is reshaping India's mutual fund industry. While digital…