What Sava Infond does

Sava Infond, družba za upravljanje, d.o.o. is a Slovenia-based investment management company founded in 1993 in Maribor, licensed by the Securities Market Agency (ATVP) to manage investment and mutual funds. The company operates the Krovni sklad Infond umbrella fund structure comprising 19 sub-funds spanning global, regional, and sector equity strategies, mixed-asset funds, EUR bond funds, a target-date 2040 fund, and an ESG-focused product (Infond Družbeno odgovorni). Sub-funds such as Infond Globalni delniški are classified under EU SFDR Article 8, with investment decisions integrated with MSCI ESG Research sustainability ratings and a proprietary ESG strategy + framework. The company also provides individual asset management (Gospodarjenje) for professional and institutional investors requiring customized investment policies.

The underlying technology stack centers on a proprietary digital platform, most notably the SavaNet web and mobile portal, which provides 24/7 account access, portfolio monitoring, transaction execution, monthly savings plan management via SEPA direct debit, and digital onboarding supported by video-call identity verification. Distribution combines this self-serve digital channel with a national network of contractual sales agents (vpisna mesta) and cross-selling arrangements with parent Zavarovalna skupina Sava's insurance distribution network. Supporting tools include INFOND PLAN for goal-based savings planning and INFOND PROFILI for risk-profiled portfolio recommendations.

The business model is a recurring AUM-based management fee model embedded in the daily NAV calculation of each sub-fund, supplemented by tiered one-time entrance fees (0.25%–3.00% depending on ticket size and total household AUM), with zero exit fees. Disclosed management fees are approximately 2.25% for the flagship global equity fund and 2.54% in ongoing charges. The customer base exceeds 90,000 retail investors and a smaller institutional segment served through Gospodarjenje, with assets under management exceeding 1 billion EUR and an estimated ~14% market share in Slovenia's mutual fund industry. Sava Infond operates exclusively within Slovenia.

Name

Sava Infond

Legal name

Sava Infond, družba za upravljanje, d.o.o.

Website

https://infond.si

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

11–50 employees

Short description

Sava Infond is a Slovenian licensed investment management company managing the 19-sub-fund Krovni sklad Infond umbrella, with over 1 billion EUR in AUM for 90,000+ retail and professional investors across global, regional, sector equity, mixed, and bond strategies under the Sava Insurance Group.

Ownership category

akta.pro rank

Product category

Mutual Fund Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (52591), Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Investment Management Advisory (RIA) (FSAEAAAB)

akta.pro secondary industries

Registered Investment Advisor (RIA) Wealth Management (FSAEABAA), Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG)

Keywords

• Mutual fund management
• Investment management
• Asset management services
• Pension savings funds
• ESG integrated funds

Headquarters

HQ city

Maribor

HQ country

Slovenia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Mutual Fund Management Fees: Sava Infond generates revenue primarily through management fees charged on assets under management across its umbrella fund (Krovni sklad Infond) with 19 sub-funds. Management fees are expressed as an annual percentage of assets (e.g., 2.25% management fee for Infond Globalni delniški, 2.54% ongoing charges for the same fund), embedded in the daily net asset value calculation.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels10 records

Core offering

Sava Infond manages the Krovni sklad Infond umbrella mutual fund structure with 19 sub-funds spanning global equity, regional equity, sector equity, mixed, bond, and target-date strategies. The company also offers individual discretionary asset management (Gospodarjenje) for professional investors with customized investment policies. Distribution is delivered through the SavaNet digital portal, a network of contractual sales agents, and the head office in Maribor.

Product overview

Sava Infond operates the Infond umbrella fund structure (Krovni sklad Infond) with 19 sub-funds spanning equity (global, regional, and sector-specific), mixed, bond, and target date categories. The product portfolio includes 11 equity funds covering global developed markets, emerging markets, regional markets (Europe, US, China), sector themes (Technology, Healthcare, Commodities/Energy), and strategies (Dividend, Socially Responsible, Megatrends, Select). Fixed income offerings include short-term and standard EUR bond funds, plus a target date 2040 fund. Digital access is provided via SavaNet portal for online and mobile investing. Supplementary tools include INFOND PLAN for goal-based savings and INFOND PROFILI for recommended portfolio combinations based on investor risk tolerance.

Differentiator

Problem solved

Functional benefit

Brands

• SavaNet: Online and mobile portal for managing Infond fund investments, including account access, payments, and portfolio management
• Infond PLAN
• Infond profiles
• Krovni sklad Infond

Products and services

• Infond Globalni delniški Global equity fund that invests in stocks of companies from the most developed countries in North America, Europe, and developed Asia, as well as the fastest-growing economies, covering over 120 carefully selected stocks across all key economic sectors.
• Infond Razviti trgi Equity fund of developed markets that invests in shares of global corporations from industrially developed countries with strong business results and long-term vision, offering exposure to over 100 of the largest global companies.
• Infond Trgi v razvoju Equity fund investing in shares of companies headquartered or primarily operating in emerging markets such as China, Taiwan, South Korea, India, and Brazil, targeting drivers of global growth.
• Infond Evropa Regional equity fund focusing on European developed markets.
• Infond Kitajska Regional equity fund focusing on Chinese markets.
• Infond ZDA Regional equity fund focusing on US markets.
• Infond Surovine in energija Sector equity fund investing in commodities and energy sector companies.
• Infond Tehnologija Sector equity fund investing in technology sector companies.
• Infond Zdravstvo Sector equity fund investing in healthcare and pharmaceutical sector companies.
• Infond Dividendni Equity fund with dividend strategy focusing on stocks with attractive dividend yields.
• Infond Družbeno odgovorni Socially responsible equity fund investing in companies with strong ESG practices and environmental/social characteristics.
• Infond Megatrendi Equity fund following megatrend investment strategy targeting long-term structural growth themes.
• Infond Select Select equity fund with discretionary stock selection strategy.
• Infond Globalni uravnoteženi Global balanced fund offering mixed exposure to equity and bond markets with moderate risk profile.
• Infond Globalni defenzivni Global defensive mixed fund with lower risk profile focusing on capital preservation.
• Infond Globalni fleksibilni Global flexible mixed fund with adaptable allocation strategy.
• Infond Kratkoročne obveznice - EUR Short-term EUR bond fund with low risk profile.
• Infond Obvezniški - EUR EUR-denominated bond fund investing in fixed income securities.
• Infond Naložbeni cilj 2040 Target date fund with goal of reaching investment objective by 2040, adjusting asset allocation over time.
• SavaNet Portal Online and mobile portal enabling 24/7 investment access, portfolio overview, fund transfers, monthly savings plan management, and digital certificate or video call verification for client onboarding.
• INFOND PLAN Savings planning tool offering goal-based investing options including children's future, health, major purchases, and wealth building goals.
• Gospodarjenje (Individual Asset Management) Individual portfolio management service for professional investors with specific investment objectives and prescribed investment restrictions, where assets are allocated according to an individually coordinated investment policy.

Quantifiable outcome

• Infond Globalni delniški generated a 36.05% return over 1 year and 66.09% over 3 years as of July 2026
• +4 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core and moderate.

• OTP banka d.d.coreOthersOTP banka d.d. serves as the custodian bank (skrbnik) for the Infond mutual funds managed by Sava Infond. The custodian bank is responsible for safekeeping of fund assets, settlement of transactions, and regulatory compliance functions related to fund administration. OTP banka also provides the transaction account SI56 0451 5000 0491 522 for the fund management company itself.
• Zavarovalna skupina Sava (Sava Insurance Group)moderateGTM or Marketing PartnerSava Infond operates under the Sava Group umbrella and has general business cooperation terms with the Sava Insurance Group, enabling cross-selling of Infond mutual fund products through the Sava insurance distribution network in Slovenia.
• MSCI ESG ResearchcoreTechnology or IntegrationMSCI ESG Research provides ESG (Environmental, Social, Governance) ratings and sustainability data for Sava Infond's ESG strategy + implementation. The ratings are used to score portfolio companies on sustainability dimensions, assess controversies (MSCI Controversies and Global Norms), and evaluate governance practices. The average portfolio ESG rating for Infond Globalni delniški is 'A'.
• Združenje družb za upravljanje (Association of Fund Management Companies)moderateOthersSava Infond participates in the Association of Fund Management Companies (Združenje družb za upravljanje), which provides an investor arbitration mechanism (Arbitraža združenja družb za upravljanje) for resolving investor complaints that cannot be resolved directly with the fund management company. The IRPS (izvensodno reševanje potrošniških sporov) provider is Združenje družb za upravljanje investicijskih skladov - GIZ.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Erste Asset Management: One of Central Europe's largest asset managers, owned by Erste Group, distributing funds across Slovenia via Sparkasse and partner banks. Comparable in mutual fund products targeting Slovenian retail and in cross-border fund distribution.
• Allianz Investment Management: Global asset manager with a strong CEE/Slovenian presence through Allianz Insurance distribution. Comparable in insurance-affiliated fund distribution, multi-asset fund ranges, and ESG Article 8/9 product positioning.
• Raiffeisen Capital Management: Austrian-headquartered asset manager distributing funds across CEE including Slovenia via Raiffeisen bank network. Comparable in fund product range, retail distribution, and ESG integration approach.

Direct peers

• Triglav Skladi: Asset management arm of Zavarovalnica Triglav, Slovenia's largest insurance group. Directly comparable in business model (insurance-affiliated mutual fund manager), domestic retail focus, and ESG-aligned fund range.
• KD Funds (KD Finančna družba): Slovenian fund management company offering open-end mutual funds to retail investors. Comparable in product structure (umbrella funds, equity/bond/mixed), regulatory regime, and Slovenian retail distribution model.
• NLB Skladi: Slovenia's largest domestic mutual fund manager, owned by NLB bank. Directly comparable to Sava Infond in product type (open-end mutual funds), target customer (Slovenian retail), and distribution (bank branch + digital), competing for the same ~14–20% domestic market share.
• Alta Skladi: Slovenian asset manager offering mutual funds and individual asset management to retail and institutional clients. Directly comparable in product mix, Slovenian retail distribution, and individual portfolio management (Gospodarjenje) offering.

Regional players

• VUB Generali (Slovak asset management): Slovak insurance-banking affiliated asset manager. Comparable in small CEE market positioning, insurance-driven distribution, and open-end mutual fund offerings targeting local retail investors.
• ZB Invest (Zagrebačka banka): Croatian asset management arm of Zagrebačka banka (UniCredit group). Comparable as a regional mutual fund manager in a neighboring former-Yugoslav market, offering similar retail fund products and digital servicing.
• Addiko Invest: Asset management operations of Addiko Bank across Croatia, Slovenia, and SEE. Comparable as a regional bank-affiliated fund manager operating in Slovenia with similar retail mutual fund offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@savainfondskladi
• Facebookfacebook.com/SavaInfondSkladi
• LinkedInlinkedin.com/company/sava-infond-vzajemni-skladi
• Instagraminstagram.com/infond.skladi

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sava Infond