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.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
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%.
Important takeaways for all competitive exams:
The Haryana State Assembly has unanimously passed a resolution to mark the 350th martyrdom year…
Every country has something special that makes it famous around the world. Some are known…
The United States and Jordan have carried out a major military operation in Syria called…
Jammu & Kashmir has achieved an important milestone in the modernization of public services with…
At the 2ndWHO Global Summit on Traditional Medicine held in New Delhi, Narendra Modi released…
Prime Minister Narendra Modi to inaugurate the new terminal building of Lokpriya Gopinath Bordoloi International…