State Bank of India and joint venture partner Amundi will sell 10% stake in SBI Funds Management through an IPO in 2026, expected to raise Rs 11,000-13,000 crore
SBIMF IPO news: SBI MF is a joing venture between SBI and AMUNDI Asset Management. State Bank of India owns a majority stake of approximately 61.9 per cent in SBI Mutual Fund
SBI plans to list SBI Mutual Fund and SBI General Insurance to unlock shareholder value, Chairman CS Setty said at BS BFSI Insight Summit 2025. SBI share hits record high
By leveraging BlackRock's SAE approach, the fund will aim to deliver long-term capital appreciation, while adapting to market dynamics
The strategy will primarily invest between 65% and 75% of its assets in equity and equity-related instruments
The scheme also has the mandate to invest up to 10 per cent in real estate investment trusts and infrastructure investment trusts and up to 25 per cent in unhedged derivatives
Nifty gained for the seventh straight session, closing above 25,000 for the first time since August 21, though the rally's pace was modest compared to April's strong surge
SBI Mutual Fund (MF) on Thursday announced the launch of its asset allocator fund of funds (FoF) - SBI Dynamic Asset Allocation Active FoF
The scheme aims to generate long-term capital appreciation by dynamically shifting allocations between equity and debt-oriented mutual fund schemes, based on market conditions.
The objective of this index is to measure the returns generated by market participants lending in the overnight market with government securities as underlying collateral.
The National Securities Depository Ltd. (NSDL) mobilised over Rs 1,201 crore from institutional investors on Tuesday, a day before its initial share-sale opening for public subscription. This anchor portion witnessed participation from domestic and foreign institutional investors, including Life Insurance Corporation of India (LIC), Smallcap World Fund Inc, SBI Mutual Fund (MF), Fidelity Funds and Nippon India MF, according to a circular uploaded on the BSE's website. SBI Life Insurance Company and HDFC Life Insurance Company, Abu Dhabi Investment Authority, Ashoka WhiteOak India Opportunities Fund, ICICI Prudential MF and HDFC MF are also among the investors. Of these, LIC was the largest investor, picking up nearly 18 lakh shares, amounting to 11.99 per cent of the total anchor book, for Rs 144 crore. According to the circular, NSDL has allotted over 1.5 crore equity shares to 61 funds at Rs 800 apiece. This aggregates the transaction size to Rs 1,201.4 crore. The Rs 4,011-crore
Aditya Infotech, which offers video security and surveillance products under 'CP Plus' brand, on Monday raised over Rs 582 crore from anchor investors a day before its initial share-sale opening for public subscription. This anchor portion witnessed participation from domestic and foreign institutional investors, including Government of Singapore, Monetary Authority of Singapore, HDFC Mutual Fund, SBI Mutual Fund, Goldman Sachs, Nomura, Ashoka Whiteoak India Opportunities Fund, and the Abu Dhabi Investment Authority, according to a circular uploaded on the BSE website. As per the circular, Aditya Infotech has allotted 86.26 lakh equity shares to 54 funds at Rs 675 apiece. This aggregates the transaction size to Rs 582.3 crore. The Rs 1,300-crore initial public offering (IPO) will open for subscription on July 29 and conclude on July 31. The price band has been set at Rs 640-675 per share. The company's IPO is a combination of a fresh issue of equity shares worth Rs 500 crore and an
LIC bids over Rs 5,000 crore in SBI's Rs 25,000 crore QIP, joined by major MFs and FPIs; fundraise to boost capital adequacy by 60 bps with 3.47% equity dilution
SBI MF enters the specialised investment fund segment under the Magnum brand with equity and hybrid offerings, joining other major AMCs in launching high-ticket SIF products
With improving market conditions and clearer sector trends, experts say momentum-based index funds could suit investors willing to take short-term volatility
While the RBI's overall policy intent is clearly growth supportive, the shift to neutral stance has been a communication challenge, Radhakrishnan said
SBI MF, Morgan Stanley and Goldman Sachs, among others, on Friday cumulatively bought a 1.8 per cent stake in Bajaj Finserv for Rs 5,506 crore from promoter entities. Besides, JP Morgan India, Citigroup Global, Societe Generale, SBI Life, BofA Securities and Barclays Merchant Bank (Singapore) were also among the buyers, as per block deal data on the NSE. These entities bought 2.86 crore shares or 1.8 per cent stake in Bajaj Finserv at an average price of Rs 1,925.20 apiece, taking the combined transaction value to Rs 5,506.07 crore, as per the data. Meanwhile, Bajaj Finserv's promoters entities Bajaj Holdings and Investment and Jamnalal Sons offloaded an equal number of shares at the same price. After the stake sale, the promoters' holding of Bajaj Finserv dipped to 58.84 per cent from 60.64 per cent earlier. Shares of Bajaj Finserv rose 2.30 per cent to close at Rs 1,988.70 apiece on the NSE. In a separate block deal on the NSE, Wabco Asia Pvt Ltd, promoter of ZF Commercial Vehi
he fund passively mirrors the Nifty200 Quality 30 Index, allowing investors to benefit from the performance of these top-tier companies without trying to beat the market.
The NFO opens on April 23 and closes on April 30, 2025. Aimed at conservative investors and corporates, the fund seeks to balance stability with market-neutral returns.
According to ACE Equity data, LIC and ICICI Prudential fund held more than 5% stake in IndusInd Bank; another 13 fund houses owned more than 1 per cent equity of the bank as of December quarter.