Fundalysisby DARKHORSESTOCKS

Fund manager · SBI

Milind Agrawal

Fund Manager at SBI. Runs 2 schemes worth ₹20,528 Cr.

  • Fund house

    SBIThey run their schemes at SBI.

  • AUM they run

    ₹20,528 CrThe AUM of the schemes they run, as main or co-manager, at the latest month's end, as AMFI reports it. A scheme two people run counts for both.

  • Schemes

    2 now · 0 beforeSchemes they run now, as main or co-manager, and ones they ran before, since Aug 2026.

  • Experience

    16 years16 years

Profile(SBI's SAI, 30 Jun 2026)

About

Role
Fund Manager
Studied
B. Tech. – Mechanical Engineering (Nirma University); PGDM–Finance (MDI, Gurgaon; CFA Charter holder, CFA Institute, USA.
Age
40 years
Experience
16 years

Schemes now2

  1. SBI Banking And Financial Services Fund₹10,420 Cr
  2. SBI Conservative Hybrid Fund₹10,107 Cr

AUM they run(Aug 2019 – Sept 2026)

AUM at month end each month, and its change on the month before
12 months₹ CrChange
Sept 202620,528−2.7%
Aug 202621,099+0.1%
Jul 202621,082+0.4%
Jun 202620,990+4.1%
May 202620,166+0.2%
Apr 202620,129+6.4%
Mar 202618,926−8.1%
Feb 202620,584+2.1%
Jan 202620,154+1.0%
Dec 202519,957+0.9%
Nov 202519,784+2.9%
Oct 202519,227+3.6%
AUM at month end, Sept 2026
₹20,528 Cr
+6.8% since Oct 2025
Fig. 1.The AUM of the schemes Milind Agrawal ran at each month's end, each only in the months they ran it, ₹ crore. A scheme two people run counts in full for both. Source: AMFI.

Schemes over time(Aug 2019 – now)

  1. Banking And Financial Services Fund
  2. Conservative Hybrid Fund
SBI2020202120222023202420252026
Fig. 1.The schemes they ran when, the oldest first: each from the date its fund house gives, or the first document listing them where it gives none, to when they left, coloured by fund house.

Schemes(Aug 2019 – now)

SBI

2 now · since Aug 2019
  1. SBI Banking And Financial Services Fund
    Fund managerAug 2019—7y 3m₹10,420 CrSectoral / ThematicTER 0.68%

Source.Each scheme's Scheme Summary Document at AMFI and its filings at NSE.

Performance(2 schemes)

Growth · Direct plans

Return as manager
+9.24%
Beat peers
1 of 2
vs peers
−0.66 pt
Longest run
7.2 years
Beat benchmark
Upcoming
Each scheme Milind Agrawal ran, against its peers and benchmark over the same months. Source: AMFI. Click a column's header to sort by it.
SBI Banking And Financial Services Fund
Aug '19–now · 7.2y
+14.17%+17.37%−3.20 pt––
SBI Conservative Hybrid Fund
Aug '25–now · 1.2y
+4.31%+2.42%+1.88 pt––
Fig. 1.Each scheme Milind Agrawal ran, against its peers and benchmark over the same months. Source: AMFI.

Works with(2 now)

  1. Mansi SajejaConservative Hybrid Fund1 scheme
  2. Saurabh PantConservative Hybrid Fund1 scheme