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SBI Mutual Fund

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3.9

based on 380 Reviews

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  • About
  • Reviews
    380
  • Salaries
    1.6k
  • Interviews
    25
  • Jobs
    53
  • Benefits
    39
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  • Posts
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SBI Mutual Fund Chief Manager salaries in India (Updated 2025)

Annual salary range
9 - 20 years exp.
₹11 Lakhs - ₹29 Lakhs
Salary of majority employees info icon
Avg. annual salary
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Monthly In-hand Salary

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Chief Manager Salary at SBI Mutual Fund ranges between ₹11 Lakhs to ₹29 Lakhs per year for employees with experience between 9 years to 20 years. Salary estimates are based on 34 latest salaries received... Read more

At par with the average Chief Manager Salary in Financial Services Companies for 9 - 20 years of experience

Interested in this particular role?

Last Updated: 29 May 2025

Companies similar to SBI Mutual Fund for Chief Manager

Company name Avg Annual Salary Open Jobs
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Srei Equipment Finance Chief Manager Salary

8 - 21 years exp. (43 salaries)

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₹7 L/yr - ₹17 L/yr

arrow icon 55% less
Logo
Axis Direct Chief Manager Salary

10 - 20 years exp. (24 salaries)

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₹8.7 L/yr - ₹33.2 L/yr

arrow icon 7% less
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Reliance Capital Chief Manager Salary

5 - 13 years exp. (10 salaries)

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₹17 L/yr - ₹36 L/yr

arrow icon 9% more
Logo
Kotak Securities Chief Manager Salary

8 - 13 years exp. (5 salaries)

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₹6.5 L/yr - ₹26.6 L/yr

arrow icon 32% less
Logo
ICICI Bank Chief Manager Salary

5 - 23 years exp. (2.4k salaries)

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₹13.5 L/yr - ₹39 L/yr

arrow icon 12% more

Latest annual salaries shared by SBI Mutual Fund Chief Manager

2w ago
₹13 Lakhs
17 years exp.
3w ago
₹24 Lakhs
18 years exp.
1mo ago
₹28.5 Lakhs
11 years exp.
1mo ago
₹26.5 Lakhs
10 years exp.
2mo ago
₹28 Lakhs
19 years exp.
2mo ago
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16 years exp.
6mo ago
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10 years exp.
7mo ago
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18 years exp.

SBI Mutual Fund Chief Manager salaries by

Years of experience Avg. annual salary
9 years  (3 salaries)

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₹8.2 L/yr - ₹24 L/yr
10 years  (4 salaries)

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₹8.4 L/yr - ₹28.2 L/yr
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11 years (AmbitionBox Estimate)

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₹19.1 L/yr - ₹24.4 L/yr
12 years (AmbitionBox Estimate)

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₹19.4 L/yr - ₹24.8 L/yr
13 years (AmbitionBox Estimate)

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₹19.7 L/yr - ₹25.1 L/yr
14 years  (3 salaries)

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₹14.5 L/yr - ₹24 L/yr
15+ years  (20 salaries)

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₹11 L/yr - ₹29 L/yr
View all salaries by experience

Similar Designation Salaries at SBI Mutual Fund

Similar Designation Avg. annual salary
Area Manager Salary
(AmbitionBox Estimate)
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₹3.6 L/yr - ₹4.6 L/yr

Sales Manager Salary
(5 salaries)
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₹2.2 L/yr - ₹3.5 L/yr

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Cluster Manager Salary
(AmbitionBox Estimate)
unlock-blur

₹9.5 L/yr - ₹12.1 L/yr

Branch Manager Salary
(25 salaries)
unlock-blur

₹4.5 L/yr - ₹11.3 L/yr

Deputy Manager Salary
(88 salaries)
unlock-blur

₹5.1 L/yr - ₹13.2 L/yr

Operations Manager Salary
(AmbitionBox Estimate)
unlock-blur

₹2.7 L/yr - ₹3.5 L/yr

Area Sales Manager Salary
(4 salaries)
unlock-blur

₹1.2 L/yr - ₹7 L/yr

Sales Officer Salary
(4 salaries)
unlock-blur

₹2.2 L/yr - ₹8.5 L/yr

Area Head Salary
(3 salaries)
unlock-blur

₹8 L/yr - ₹18 L/yr

Branch Sales Manager Salary
(AmbitionBox Estimate)
unlock-blur

₹6.9 L/yr - ₹8.9 L/yr

View more similar designations

Top trending discussions

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Salary Discussions, Hike & Promotions
1w
a senior executive
GF salary Vs. My salary
Me and my gf have been dating for 5 years. Back in 2020, I started my career with a package of ₹5 LPA. Over the years, I’ve reached ₹22 LPA in 2025. She started her journey with ₹3 LPA(2020) and is now earning ₹8 LPA(2025). We’ve been in a live-in relationship for around 2 years, and the idea was to share expenses equally. But, equal sharing never really happened. If we go to a café she likes, especially with friends, I will pay the entire bill. We only split the house rent and grocery bills. I told her lots of time to cut down these costly cafe expenses or earn more money, increase your package, study and work hard, but.....she is now in her comfort zone. Being from a tech background, I have seen people upgrade their skills and package for a good life in metro cities. I am ready to support her in her studies, but she is like I am earning enough for myself.... No, you are not. I love her, but I don't know how to overcome this issue between us. Please suggest!
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Salary related reviews for SBI Mutual Fund

4.3

Rated by 2 employees for salary & benefits

Sales Executive in Bhubaneswar

Contractual

 · 

BFSI, Investments & Trading Department

4.0
  •  updated on 09 Aug 2024

3.0
 for  Salary and Benefits

Likes

The work culture is good,but the salary increament and promotion opportunity is very bad, although the work pressure is also less as compared to the privet sector,and in most cases you don't have to directly sale product to the client,as the bank officials do the work.

read more
  • Job security - Good
  • +1 more

Dislikes

Growth opportunities Salary increament Learning

  • Promotions - Bad

Deputy Manager in Chennai

Full Time

 · 

PDM Department

3.0
  •  updated on 29 Jun 2023

2.0
 for  Salary and Benefits

Likes

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...

read more
  • Skill development - Good
  • +2 more

Dislikes

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

  • Salary - Poor
  • +1 more

Assistant Rms Manager in Thiruvananthapuram

Full Time

 · 

Sales & Business Development Department

4.0
  •  updated on 28 Jan 2025

3.0
 for  Salary and Benefits

Likes

...good company to work. As usual salary increment will be low and promotions also. But here the job security is high and it's ok to work here for long but at the cost of low salary.

read more
  • Job security - Good
  • +3 more

Dislikes

Low Salary

Manager in Pune

Full Time

 · 

Sales & Business Development Department

4.0
  •  updated on 08 Dec 2023

3.0
 for  Salary and Benefits

Likes

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

  • Job security - Good
  • +3 more

Dislikes

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

Customer Service Executive in Museum Road Bangalore

Full Time

 · 

Finance & Accounting Department

3.0
  •  updated on 10 Sep 2022

1.0
 for  Salary and Benefits

Likes

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.

read more

Dislikes

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

read more
  • Salary - Bad
  • +4 more
see more salary related reviews
More about working at SBI Mutual Fund
  • HQ - Mumbai, Maharashtra, India
  • Financial Services
  • 1k-5k Employees (India)

SBI Mutual Fund Chief Manager Salary FAQs

What is the salary of Chief Manager at SBI Mutual Fund ?
The average salary of a Chief Manager at SBI Mutual Fund in India typically ranges from ₹11.0 Lakhs to ₹29.0 Lakhs per year, depending on experience (from 9 years to 20 years).

The top 10% of Chief Manager at SBI Mutual Fund earn more than ₹28.0 Lakhs per year, and the top 1% earn over ₹29.0 Lakhs per year. Chief Manager Salaries at SBI Mutual Fund can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 30+ SBI Mutual Fund employees in India.
What is the estimated take home salary of a Chief Manager at SBI Mutual Fund in India?
The estimated take-home salary of a Chief Manager at SBI Mutual Fund in India typically ranges from ₹1,44,085 to ₹1,49,463 per month. This is based on the average salary range of ₹11.0 Lakhs to ₹29.0 Lakhs per year for employees with experience ranging from 9 years to 20 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 30+ salaries received from various employees of SBI Mutual Fund. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Chief Manager at SBI Mutual Fund ?
To be a Chief Manager at SBI Mutual Fund in india, the key skills required include:

  • - investment
  • - Policies
  • - Ca
  • - Reporting
  • - Process Audit

These skills are highly valued at SBI Mutual Fund and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than SBI Mutual Fund for Chief Manager in India?
ICICI Bank ₹13.5 Lakhs to ₹39.0 Lakhs per year
Reliance Capital ₹17.0 Lakhs to ₹36.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by SBI Mutual Fund, depending on the role and experience level.
What is the salary of a Chief Manager in companies similar to SBI Mutual Fund in India?
The salary of a Chief Manager at companies similar to SBI Mutual Fund in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Axis Direct ₹8.7 Lakhs to ₹33.2 Lakhs per year
Kotak Securities ₹6.5 Lakhs to ₹26.6 Lakhs per year
Srei Equipment Finance ₹7.0 Lakhs to ₹17.0 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.
How the salary growth look like for a Chief Manager at SBI Mutual Fund in India?
The salary growth for a Chief Manager at SBI Mutual Fund depends on factors such as experience, performance, and promotions. On average, a Chief Manager can expect the following growth trajectory at SBI Mutual Fund:

Experience Average Salary Range
9 years ₹8.2 Lakhs to ₹24.0 Lakhs per year
10 years ₹8.4 Lakhs to ₹28.2 Lakhs per year
11 years ₹19.1 Lakhs to ₹24.4 Lakhs per year
12 years ₹19.4 Lakhs to ₹24.8 Lakhs per year
and so on.

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SBI Mutual Fund Chief Manager Salaries by Location

  • SBI Mutual Fund Chief Manager salaries in Mumbai
  • SBI Mutual Fund Chief Manager salaries in Thane
  • SBI Mutual Fund Chief Manager salaries in Bhopal
  • SBI Mutual Fund Chief Manager salaries in Gorakhpur
  • Home >
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  • SBI Mutual Fund Chief Manager Salaries

SBI Mutual Fund Chief Manager salary in India ranges between ₹11 Lakhs to ₹29 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 34 SBI Mutual Fund latest salaries received from various employees of SBI Mutual Fund.

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Chief Manager Salary in India
based on 14.8k salaries
₹8.3 L/yr - ₹37.7 L/yr
At par with the average Chief Manager Salary in India
View more details

SBI Mutual Fund Chief Manager Reviews and Ratings

based on 2 reviews

4.5/5

Rating in categories

3.5

Skill development

4.1

Work-life balance

4.3

Salary

5.0

Job security

4.1

Company culture

3.5

Promotions

3.5

Work satisfaction

Explore 2 Reviews and Ratings
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SBI Mutual Fund Employee Benefits
healthInsurance
Health insurance
1 total response
softskill
Job/Soft skill training
1 total response
retirement
Retirement benefits
0 total responses
cab
Office cab/shuttle
0 total responses
View All

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Notice Period for Chief Manager at SBI Mutual Fund

based on 19 responses

3 Months
79%
1 Month
10%
15 days or less
6%
2 Months
5%
View all
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