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SBI Mutual Fund asset base crosses Rs 5 trillion-mark in March quarter

The fund house's average asset under management (AAUM) rose to Rs 5.04 trillion in 2020-21 from Rs 3.73 trillion in the preceding fiscal

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The AAUM growth has been achieved on the back of a robust increase in the SIP (systematic investment plan) book and penetration in T30 and B30 locations, the fund house said

Press Trust of India New Delhi

2 min read Last Updated : Apr 09 2021 | 1:54 AM IST

SBI Mutual Fund (MF) on Thursday said its asset base has crossed Rs 5 trillion-mark in the March quarter, becoming the first fund house in the country to achieve such a feat.

The fund house's average asset under management (AAUM) rose to Rs 5.04 trillion in 2020-21 from Rs 3.73 trillion in the preceding fiscal, recording a growth of 35 per cent, SBI MF said in a statement.

In the December quarter, SBI MF had an asset base of Rs 4.56 trillion .

The AAUM growth has been achieved on the back of a robust increase in the SIP (systematic

Topics : SBI Mutual Fund assets under management Mutual Funds MF Industry Fund Houses

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