MF News SBI MF first to cross milestone AUM of Rs.4 lakh crore

SBI MF first to cross milestone AUM of Rs.4 lakh crore

The recent rally in equity markets helped the fund house's assets grow by Rs 40,000 crore.

Team Cafemutual Jul 4, 2020

All-round performance from SBI MF has helped the fund house grow its AUM to over Rs 4 lakh crore, said DP Singh, ED & CMO, SBI MF.

Singh said they have seen healthy inflows across segments and business verticals i.e be it equity funds & debt funds, institutional & retail or direct & distributor channel.

Singh attributes this success to factors like strong network of individual MFDs, extensive reach of State Bank of India and SBI MF’s brand value. Singh feels that consistent performance of SBI MF's equity funds has played a major role in retaining clients.

Further, the recent recovery in the market also helped the fund house in crossing the Rs 4 lakh crore AUM milestone. Singh said that the recent rally in equity markets helped the fund house's assets grow by Rs 35,000 crore to Rs 40,000 crore.

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1 Comment

GOWRISHANKAR KASI NAGARAJAN · 4 years ago `

Though it is heartening to note that this AMC has crossed the new milestone of Rs.4-lac crore AUM, nothing much has changed at the ground level with regards to service, PR with Distributors and their response systems through phone, email etc., They are still working like a Government Department without a care in the world. Even after almost 3 years of partnering with them, I am yet to receive a SINGLE call from any of their RMs. When you try to call their Offices (that too in a metro city) nobody bothers to even pick up the call. Try calling a SBI branch for tasting their crap service. Cant help it anyway, as their major crunch of the business is coming from the bank branches either thro hard-selling, mis-selling or just drab selling. Why worry about Distributors. God save this AMC if they are planning to come out with a IPO.

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