Fund Managers

SBI MF to focus on expansion of institutional fund management biz: MD

SBI Mutual Fund, which aims to mobilise close to Rs 10,000 crore via its upcoming IPO, on Monday said it will focus on expanding its institutional fund management business. SBI Mutual Fund provides Portfolio Management Services (PMS) and Alternate Investment Fund (AIF) under the institutional fund management business. "Beyond mutual funds which are bread and butter, we would like to grow substantially into PMS and expand international investment...with Amundi, we will penetrate markets across the world...So, PMS, international and alternates will be our priority in addition to mutual funds," SBI Mutual Fund MD and CEO Debasish Mishra said here. On AIF, he said, the company is going to build more capability and is contemplating a special situation fund. The company is also looking at the private equity space, he said, adding, so you will see a lot of products on the AIF side. SBI Funds Management, which is set to launch its nearly Rs 9,800 crore initial public offering (IPO) on ...

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