The Unlisted Market Isn’t Dead - SBI Mutual Fund Just Proved It
If you thought the unlisted market was losing its shine, here’s your wake-up call. SBI Mutual Fund just delivered a masterclass in value creation - before even going public.
Shares that were trading at around ₹800-900 in 2023 now command nearly ₹2,650, marking a 190-230% surge. Yes, in the unlisted space. So what exactly sparked this dramatic rise?
• A Rock-Solid Business Behind the Scenes
SBI Mutual Fund isn’t running on hype-it’s running on performance.
AUM has grown from ₹8 lakh crore to ₹12 lakh crore in less than two years.
It reported a PAT of ₹2,540 crore.
And an impressive ROE of ~30.8%.
That’s not just growth-it’s discipline, profitability, and market leadership rolled into one.
• Investors Are Getting Smarter
Gone are the days when money blindly chased high-burn, zero-profit startups. Today’s informed investors are shifting focus to durable, profitable, growth-driven private companies. SBI MF’s unlisted rally is proof that the market is rewarding fundamentals over flash.
• A Clear Signal From the Market
This steep upward move sends a strong message
Unlisted shares are far from dead-and they still reward those who bet on value early.
If you’re navigating the private markets, here’s your headline
Prioritize proof over buzz. Look for companies that show performance long before they show up on the stock exchange.