SBI Mutual Fund
to complete 30 years..!
SBI Mutual Fund, the fifth largest (by AUM)
asset management company, is completing three decades of operations tomorrow,
making it the oldest entity in the country.
With an AUM of over Rs.
1,57,860 crore (excluding domestic fund of funds) as on March 2017, SBI MF was
also the first bank-sponsored MF to have been registered with SEBI.
Speaking on the occasion, SBI MF Managing Director & Chief executive Anuradha Rao said the industry AUM has
grown from Rs. 3.26 trillion as of March 2007 to Rs. 19.04 trillion
(trillion as of May 2017, a six-fold
increase in a decade.
SBI Mutual Fund has a
market share of 9.14% as of now.
Ms. Anuradha Rao attributed the success
of her company to vast experience in asset management blended with strong
parentage, rigorous investment templates, structured and disciplined processes
to ensure effective execution of strategies, and the strong confidence reposed
by over 30,000 IFAs.
Its ETF offering SBI ETF
Nifty 50 recently became the largest equity fund with over Rs 20,000 crore AUM.
It was also the only ETF manager chosen for EPFO's maiden allocation in
equities.
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