SBI Mutual Fund completes 30 years of operations on Thursday.
To commemorate its 30th anniversary, the AMC aims to strengthen the bond between the company and the community by organising blood donation camps across 30 cities, starting June 29, 2017 in Mumbai.
In a press release, Anuradha Rao, MD & CEO, SBI MF, said, “Blood donation brings immense value to those in need and a feeling of pride and joy to the donor. On the momentous occasion of completing 30 years, we at SBI Mutual Fund want to express our gratitude to all our stakeholders by taking this initiative for the community. With our vast experience in asset management blended with strong parentage and disciplined processes to ensure effective execution of strategies, and the strong confidence reposed by over 30,000 IFAs, SBI MF has endeavoured to provide over the years consistent value and customised investment solutions to our large retail investor base.”
Navneet Munot, Executive Director & Chief Investment Officer, SBI Mutual Fund said, “We have focused on creating wealth through clear investment philosophy, active management, robust research and governance processes. We were the first mutual fund company in India to adopt CFA Institute’s asset manager code of professional conduct reflecting our commitments to maintain highest standards of ethical and professional conduct. Just like our parent SBI that takes pride in being banker to every Indian, our dream is to be a wealth creator for every Indian. The seeds for an exponential growth have been sown and the next three decades are likely to be more exciting.”
D.P. Singh, Executive Director & Chief Marketing Officer, SBI MF said: “Our extensive distribution network and strong relationship with our partners, built over the past 30 years has helped us grow consistently. We have transformed our services and delivery over time by adopting technology to make our investor and partner experience better over the years.”
Over the period of 30 years, SBI Mutual Fund has achieved several milestones such as SBI MF crossed 1 million in SIP folios, SBI Bluechip Fund and SBI Magnum Balanced Fund crossing Rs10,000 crore each in AUM and becoming the first fund house in India to adopt the CFA Institute’s Asset Manager Code of Professional Conduct. SBI Mutual Fund’s ETF offering SBI ETF NIFTY 50 also recently became the largest equity fund in the country crossing Rs20,000 crore of AUM, thanks to contribution from EPFO.
SBI MF manages an AAUM of overRs1.58 lakh crore as on March 31, 2017.
