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SBI MF hopeful of maintaining good AUM figures in Q2

The average AUM of the company reached Rs 47,200 crore by the end of the June quarter.

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After a good show in the first quarter numbers, Mutual Fund today said it is hopeful of maintaining the momentum in the current quarter as well.

"We are hopeful of maintaining the momentum in the current quarter," SBI Mutual Fund managing director Deepak Chatterjee told PTI here.

The fund house from the nation's largest lender has seen a rise of around Rs 5,100 crore in the average assets under management (AUM) during the last quarter, which is the second highest after Birla Sunlife Mutual Fund.

With this, the average AUM of the company reached Rs 47,200 crore by the end of the quarter.

On this sound performance, Chatterjee said the fund house has witnessed good response for its SBI Dynamic Bond Fund from both HNI as well as corporate clients.

"Apart from the SBI Dynamic Bond and other debt related funds, we have also seen an increase in portfolios through the SIP (systemic investment plan) route, which indicates that retail investors are also increasingly investing in the fund house," he added.

On the impact of introducing the entry-load again for the mutual fund investors, he said, "While we all recognise the importance of intermediaries in our business, I am not too sure what will be the impact of going back to 2009 again," he said.

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