SBI Mutual Fund (SBIMF) India's and largest mutual fund in India in terms of assets managed.
SBI Mutual Fund was established on 29th June 1987 as a Trust sponsored by the State Bank of India, registered with SEBI on 23rd December 1993. Later, it became a joint venture with AMUNDI Asset Management (a French AMC), with SBI holding a 63% stake and AMUNDI holding 37%.
In 2013, SBI Mutual Fund also acquired Daiwa Mutual Fund, with a corpus of ₹266 crores.
Currently, Mr Shamsher Singh is the Managing Director & CEO of SBIMF. R Srinivasan is the CIO (Chief Investment Officer) on the equity side of SBI Mutual Fund and manages one of the largest small cap mutual fund schemes: SBI Small Cap Fund (₹20,000+ crore)
SBI Mutual Fund had IPO (Initial Public Listing) plans in 2022, but they were later shelved.
SBI Mutual Fund offers three of the largest mutual fund schemes in India: SBI Liquid Fund (AUM: ₹65,000+ crore), SBI Equity Hybrid Fund (AUM: ₹~60,000 crore) and SBI Bluechip Fund (₹35,000+ crore).
As of February 2024
Schemes
127
AUM
₹10,87,986 Cr
AUM growth
₹11,553 Cr
Fund managers
32
₹2,283 Cr
AUM
6
Schemes
Raviprakash Sharma
₹3,52,056 Cr
AUM
12
Schemes
₹6,147 Cr
AUM
1
Schemes
R. Srinivasan
₹1,93,360 Cr
AUM
10
Schemes
₹1,06,613 Cr
AUM
5
Schemes
Rama Srinivasan
₹26,019 Cr
AUM
3
Schemes
Identify red flags in your mutual funds and how to fix them
Mutual fund name | SBI Mutual Fund |
Asset management company name | SBI Funds Management Ltd. |
AMC Setup Date | June 29, 1987 |
AMC Incorporation Date | February 7, 1992 |
Sponsor name | State Bank of India and AMUNDI |
Trustee Organisation | SBI Mutual Fund Trustee Company Private Limited |
CIO | Mr. R Srinivasan(Equity) and Mr Rajeev Radhakrishnan(Fixed Income) |
MD and CEO | Mr Vinay M Tonse |
Compliance Officer | Ms. Vinaya Datar |
Investor Service Officer | Mr CA Santosh |
Updated as of | February 2024 |