 "mutual funds, MF")
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
