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SBI Mutual Fund

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based on 262 Reviews

HQ - Mumbai, Maharashtra, India Financial Services 1k-5k Employees (India)
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SBI Mutual Fund Salaries in India

based on 1.4k latest salaries


Rated by 261 Employees for salary and benefits

Top Departments at SBI Mutual Fund
Designation Average Salary
Yearly arrow-down

Relationship Manager

Experience: 0 - 6 yrs (112 Salaries)
₹ 3,59,542/year

(₹1.9L/yr - ₹6.9L/yr)

Deputy Manager

Experience: 3 - 16 yrs (73 Salaries)
₹ 6,81,882/year

(₹4.5L/yr - ₹10.3L/yr)

Sales Executive

Experience: 0 - 5 yrs (69 Salaries)
₹ 2,83,043/year

(₹1.8L/yr - ₹4.0L/yr)

Customer Service Executive

Experience: 0 - 10 yrs (34 Salaries)
₹ 2,37,744/year

(₹1.2L/yr - ₹3.5L/yr)

Branch Manager

Experience: 3 - 15 yrs (23 Salaries)
₹ 6,72,895/year

(₹4.0L/yr - ₹9.5L/yr)

Chief Manager

Experience: 12 - 20 yrs (21 Salaries)
₹ 21,57,790/year

(₹14.5L/yr - ₹33.5L/yr)

Operations Executive

Experience: 1 - 5 yrs (15 Salaries)
₹ 2,70,931/year

(₹1.0L/yr - ₹3.3L/yr)

Management Associate

Experience: 1 - 3 yrs (12 Salaries)
₹ 8,62,500/year

(₹7.5L/yr - ₹9.8L/yr)

Assistant Vice President

Experience: 12 - 20 yrs (12 Salaries)
₹ 32,06,002/year

(₹29.0L/yr - ₹40.0L/yr)

Customer Support Executive

Experience: 1 - 7 yrs (11 Salaries)
₹ 2,57,807/year

(₹1.5L/yr - ₹3.5L/yr)

Last Updated: 3 Oct, 2023

SBI Mutual Fund Salary FAQs

How much does SBI Mutual Fund pay per year?
The average SBI Mutual Fund salary ranges from approximately ₹1.0 Lakhs per year for a Office Boy to ₹32.1 Lakhs per year for a Assistant Vice President. Salary estimates are based on 1.4k SBI Mutual Fund salaries received from various employees of SBI Mutual Fund. SBI Mutual Fund employees rate the overall salary and benefits package 3.3/5 stars.
What is the highest salary in SBI Mutual Fund?
The highest-paying job at SBI Mutual Fund is a Assistant Vice President with a salary of ₹32.1 Lakhs per year. The top 10% of employees earn more than ₹19.35 lakhs per year. The top 1% earn more than a whopping ₹50 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 Customer Service Executive the minimum salary is ₹2.4 Lakhs per year, for Operations Executive the minimum salary is ₹2.7 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 ₹2.4 Lakhs per year for Customer Service Associate to ₹3.2 Lakhs per year for Relationship Manager. View Fresher Salaries at SBI Mutual Fund
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 817 responses on AmbitionBox in last 2 years.

Reviews which talk about salary at SBI Mutual Fund

Assistant Manager in North India

Full Time


Trading, Asset & Wealth Management 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.


• 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.

Work Details

Work days: Monday to Saturday (Strict Timings)

Deputy Manager in Chennai

Full Time


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...


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

Work Details

Work days: Alternate Saturday off (Flexible Timings)

Customer Service Executive in Museum Road Bangalore

Full Time


Operations 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.


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

Work Details

Work days: Monday to Saturday (Strict Timings)

Work related travel: This job involves Travel Within City.

Assistant Manager in Bangalore Rural

Sales 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



Work Details

Work days: Monday to Saturday (Flexible Timings)

Work related travel: This job involves Travel Within City.

Operations Support in Indore

Operations Department

posted on 18 Oct 2020

3.0 for Salary and Benefits


Good work environment and culture to policies are good and they give bonus every year . They give salary hike every year.


Company is not giving much hike in salary for Operations team specially off roll employees and there is a lot of politics and management doesn't address our issues. Even we don't get our mandatory leaves for our personal work. Career growth is very slow. Training is not given to any new joinees.

Work Details

Work days: Monday to Saturday (Strict Timings)

Work related travel: This is a desk job.

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Average annual salary in SBI Mutual Fund is INR 8.2 lakhs . Salary estimates are based on 1.4k SBI Mutual Fund latest salaries received from various employees of SBI Mutual Fund.