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SBI Mutual Fund Salaries in India

based on 1.6k latest salaries
Explore Salaries by Departments
BFSI, Investments & Trading Sales & Business Development Customer Success, Service & Operations Finance & Accounting + 6 more
Designation Avg Annual Salary Open Jobs

Relationship Manager

0 - 6 years exp. (158 salaries)
4.3 Lakhs

(₹1.7 L/yr - ₹8 L/yr)

7 job openings

Deputy Manager

3 - 16 years exp. (100 salaries)
7.6 Lakhs

(₹4.5 L/yr - ₹13.4 L/yr)

Sales Executive

0 - 6 years exp. (74 salaries)
3.2 Lakhs

(₹2 L/yr - ₹4.5 L/yr)

Customer Service Executive

0 - 8 years exp. (42 salaries)
2.9 Lakhs

(₹1.5 L/yr - ₹4.2 L/yr)

Starting your career? Discover SBI Mutual Fund fresher salaries in India

Chief Manager

9 - 20 years exp. (31 salaries)
22.4 Lakhs

(₹14.5 L/yr - ₹33.3 L/yr)

Branch Manager

4 - 15 years exp. (25 salaries)
7 Lakhs

(₹4.5 L/yr - ₹11.3 L/yr)

Operations Executive

0 - 12 years exp. (19 salaries)
2.7 Lakhs

(₹2 L/yr - ₹3.3 L/yr)

Customer Support Executive

0 - 7 years exp. (16 salaries)
2.4 Lakhs

(₹1.5 L/yr - ₹3.5 L/yr)

Assistant Vice President

14 - 20 years exp. (14 salaries)
33.1 Lakhs

(₹29 L/yr - ₹42.9 L/yr)

Branch Head

4 - 14 years exp. (9 salaries)
6.6 Lakhs

(₹6 L/yr - ₹9.1 L/yr)

1 job opening

Deputy Vice President

11 - 25 years exp. (7 salaries)
38.7 Lakhs

(₹18.1 L/yr - ₹66 L/yr)

Customer Service Associate

0 - 5 years exp. (7 salaries)
2.6 Lakhs

(₹1.4 L/yr - ₹3 L/yr)

Relationship Executive

0 - 3 years exp. (7 salaries)
3.8 Lakhs

(₹3.3 L/yr - ₹4.1 L/yr)

Sales Manager

0 - 5 years exp. (6 salaries)
2.4 Lakhs

(₹2.2 L/yr - ₹3.5 L/yr)

Customer Service Support

0 - 3 years exp. (6 salaries)
2.1 Lakhs

(₹1.8 L/yr - ₹2.6 L/yr)

Product Manager

0 - 5 years exp. (6 salaries)
11.4 Lakhs

(₹9.2 L/yr - ₹13 L/yr)

Sales Officer

1 - 4 years exp. (6 salaries)
2.2 Lakhs

(₹1.5 L/yr - ₹3 L/yr)

Management Trainee

0 - 1 year exp. (6 salaries)
6.2 Lakhs

(₹2.4 L/yr - ₹6.6 L/yr)

Sales Support Associate

0 - 5 years exp. (6 salaries)
2.8 Lakhs

(₹2.3 L/yr - ₹3.1 L/yr)

Sales Associate

1 - 6 years exp. (5 salaries)
2.5 Lakhs

(₹2 L/yr - ₹3.5 L/yr)

Last Updated: 14 Jul, 2024

Salary related reviews for SBI Mutual Fund

3.4 Rated by 299 employees for salary and benefits

Manager in Pune

Full Time


Sales & Business Development Department

posted on 08 Dec 2023

3.0 for Salary and Benefits


Working in SBIMF gives you feeling of proud and brand recognition. Job security and mental peace.


Appraisal, employee recognition, Salary, respect as an old loyal employee not there. People recruits new freshers with higher package than there old loyal employee which demotivates more and hurts as well.

read more

Deputy Manager in Chennai

Full Time


PDM Department

posted on 29 Jun 2023

2.0 for Salary and Benefits


SBI brand is good. Management communication is one way. Salary growth is pathetic. It's a good company for people who join after 10 year exp and with min 20 lakh salary .. they can continue to work for longer time. Not good for new or less exp people because despite of over achieving targets they will give 7-9 % hike. In promotion year too they will give 9% hike .. Very bad salary growth.. frustrating for people with 5 -10 year exp... that's why lot of people switch in this segment...

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Bad salary... they can at least make salary on par with market for loyal employees..

Customer Service Executive in Museum Road Bangalore

Full Time


Finance & Accounting Department

posted on 10 Sep 2022

1.0 for Salary and Benefits


Only thing I liked was management is not harsh if you login bit late due to traffic or personal reason. Other than this it's a big noooo. I found many good colleagues here I am happy with that atleast.

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Onroll offroll differentiation is huge Dissatisfied with offroll management No decent hike or salary Takes long time for career growth

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Assistant Manager in North India

Full Time


BFSI, Investments & Trading Department

posted on 04 Aug 2023

2.0 for Salary and Benefits


• The best thing of this company is job security. Even though they always put you into huge workload but won't fire you in case of under performance. Infact the management always gives time extension to fill the gaps. • With the name of SBI, the product placement is also very easy on all available counters in the market. SBI channel RMs gets a ton of respect on visiting the mapped SBI branches which psychology makes you feel valuable and motivates you to put more effort in to improve your KPIs. Even the Scale-4 Chief manager treates you like his younger brother which is the best thing one can expect in his workspace. • No Sales target for Operations staff. Some AMCs put sales target for opertions staff which hampers the operations related support to sales team. This condition is not here. Operations staff has its own KRA and Sales team has its own, which balances the overall functioning of whole branch. Implementing sales target to operations staff leads to work imbalance, that is what I believe. • Good working infrastructure. • Thinks innovative and always approaches to new technological advancements to improve work efficiency.

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• Carrear growth is the slowest. • Increments and salary they offers is the lowest among all peer AMCs (Top 5). Even after being the no. 1 AMC in total AUM List. • Discrimination and favourism done on the basis of Caste, religion, State in which you are working. • Special treatment for those who are direct or indirect relatives of the people of the top management, regardless their qualification. • Always prefers the cost efficient solution in terms of office premises, stationary quality, staff procurement, hiring trainers etc.. rather than going with the quality option. • Employee reward and recognition program is almost zero. • Knowledge part is below average in this AMC except the monday morning call. You have to help yourself for your knowledge and general awareness part here. • Super managers are cold blooded people. They never recognises the blood and sweat you are pouring to fulfill your duties. In support of that, I want to share my story: I was working as RM at certain place where no branch manager was deployed. So in the absence of branch head I took care of whole branch. During my tenure there, my Grandmother got passed away and it would be my first priority to be the part of her funeral and all rituals. But just after 2 days of that horrible incident I resumed my duties at my base station. Why? Because I knew that the branch is functioning on single man and leaving the station for longer period will result in hampering of overall functioning of the branch. That's the reason I resumed my duties on first priority and the cost of that, I missed my Grandmother's Final Prayer Ceremony. I put my best efforts upto that extent but management never recognised that. Infact, they were behaving in the complaining and taunting mode till the very last day of mine there.

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Assistant Manager in Bangalore Rural

Customer Success, Service & Operations Department

posted on 26 Apr 2022

1.0 for Salary and Benefits


High work, low salary specially state bank channel (never choose that channel) salary and compensation are too less than industry standards & Knowledge wise nothing will be trained and career growth/Promotion us dream, overall not worth working

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SBI Mutual Fund Salary FAQs

How much does SBI Mutual Fund pay per year?
The average SBI Mutual Fund salary ranges from approximately ₹1.4 Lakhs per year for a Banking Assistant to ₹38.7 Lakhs per year for a Deputy Vice President. Salary estimates are based on 1.6k SBI Mutual Fund salaries received from various employees of SBI Mutual Fund. SBI Mutual Fund employees rate the overall salary and benefits package 3.4/5 stars.
What is the highest salary in SBI Mutual Fund?
The highest-paying job at SBI Mutual Fund is a Deputy Vice President with a salary of ₹38.7 Lakhs per year. The top 10% of employees earn more than ₹19.02 lakhs per year. The top 1% earn more than a whopping ₹52.89 lakhs per year.
What is the minimum salary in SBI Mutual Fund?
Minimum salary at SBI Mutual Fund depends on the role you are applying for. For Operations Executive the minimum salary is ₹2.7 Lakhs per year, for Customer Service Executive the minimum salary is ₹2.9 Lakhs per year and so on.
What is the salary package for freshers in SBI Mutual Fund?
The average salary at SBI Mutual Fund for freshers varies from ₹2.7 Lakhs per year for Customer Service Executive to ₹5.6 Lakhs per year for Assistant Manager.
What is the notice period at SBI Mutual Fund?
According to AmbitionBox, 50% of the SBI Mutual Fund employees reported a notice period of 3 Months, 33% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 913 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Average annual salary in SBI Mutual Fund is INR 9.0 lakhs . Salary estimates are based on 1.6k SBI Mutual Fund latest salaries received from various employees of SBI Mutual Fund.