SBI MF becomes first mutual fund company to cross Rs 5 lakh crore AAUM

Sumit Arora Last updated on April 10th, 2021 12:25 pm Leave a comment

SBI Funds Management Pvt. Ltd has informed that it has become the first mutual fund house in India to cross the Rs. 5 lakh crore average assets under management (AAUM) mark. SBI MF has seen a growth of 35% during the financial year 2020-21, with its average AUM increasing from Rs 3.73 lakh crore to Rs 5.04 lakh crore.

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The company, which is a joint venture between India’s largest lender, State Bank of India, and Europe’s largest asset manager, Amundi. The fund house’s SIP book has increased to ₹1,382 crores from ₹1,180 crores over the last year recording a growth of 17%.

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SBI Funds Management Founded: 7 February 1992.

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Sumit Arora

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As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.