News From Press DP Singh on falling bond yield, cheap SIPs & how SBI MF is getting a billion dollars net into equity schemes every month

DP Singh on falling bond yield, cheap SIPs & how SBI MF is getting a billion dollars net into equity schemes every month

Source: ET Sep 6, 2024

DP Singh, Deputy MD & Joint CEO, SBI MF, says, across the schemes, 50% is coming through SIP mode and 50% coming through non-SIP mode in the equities. SBI MF has 18% share of all money getting into mutual funds. If the entire asset management industry including PMS, AIF are included, it gets 25%. The mutual fund AUM increased by Rs 1 lakh crore within two months and went over Rs 11 lakh crore.

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