Initiated coverage on SBI Funds Management shares with a 'Long' rating and a March 2027 target price of ₹675, implying an 18% upside from the issue price of ₹574. The company is a strong franchise, backed by scale, SBI's distribution, sticky SIP flows, and strong profitability, positioning it to benefit from India's financialisation trend.
SBIBullishCalled 21 Jul 2026
Verdict:PENDING

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