Page 2 - Sbi Mutual Fund

Indian bonds unlikely to attract incremental flows: SBI MF's Radhakrishnan

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, Goldman Sachs, others buy 1.8% stake in Bajaj Finserv

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

SBI's new Index Fund targets Top 30 quality stocks - How you can invest

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.

Looking for low-risk returns? SBI's new fund mixes debt and arbitrage

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.

LIC, ICICI Pru, SBI MF: Top mutual funds who own IndusInd Bank stock

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.

SBI Mutual Fund buys shares of Alkem Laboratories for Rs 300 crore

SBI Mutual Fund on Friday bought additional shares of pharmaceutical company Alkem Laboratories for Rs 300 crore through an open market transaction. According to the block deal data available on the National Stock Exchange (NSE), SBI Mutual Fund acquired 6.41 lakh shares or 0.54 per cent stake in Mumbai-headquartered Alkem Laboratories. The shares were picked up at an average price of Rs 4,680 apiece, taking the transaction value to Rs 300.32 crore. After the stake buy, SBI Mutual Fund's holding in Alkem rose to 2.7 per cent from 2.16 per cent. Meanwhile, Samprada & Nanhamati Singh Family Trust (related to Alkem promoters) offloaded the same number of shares of the company, showed the data on the NSE. On Friday, shares of Alkem Laboratories fell 2.54 per cent to close at Rs 4,600.05 apiece on the NSE.

Start investing with just Rs 250: SBI's JanNivesh SIP makes MFs accessible

Available on SBI Yono app for all its users and on other fintech platforms like Paytm, Zerodha and Groww

SBI MF launches Rs 250 JanNivesh SIP to expand financial inclusivity

Asset management company SBI Mutual Fund on Monday launched a systematic investment plan (SIP) aimed at democratizing access to the product. An investor can invest as low as Rs 250 per transaction under the JanNivesh SIP scheme, which was launched in presence of Sebi Chairperson Madhabi Puri Buch. Investors typically put Rs 500 in SIP, which could go down to Rs 100 depending on the scheme in which money is being put. With the aim of deepening the MF reach, the lower SIP of Rs 250 was considered, which is akin to the idea of sachetisation effectively used by consumer goods companies. "By lowering entry barriers and leveraging digital platforms, we aim to attract first-time investors, small savers, and those in the unorganized sector, with SIP starting at just Rs 250," SBI Mutual Fund's managing director and chief executive Nand Kishore said. "As we transition into a new phase of financial inclusion, innovation and inclusivity are essential. Our focus is on developing products, ...

SBI Mutual Fund launches SBI Nifty IT Index fund: NFO Opens on February 4

This NFO will open for subscription on February 4, and will close on February 17

SBI Mutual Fund acquires 3.8% stake in Happy Forgings for Rs 341 cr

SBI Mutual Fund on Friday picked up an additional 3.8 per cent stake in auto components maker Happy Forgings for Rs 341 crore through an open market transaction. According to the bulk deal data available with the BSE, SBI Mutual Fund purchased 35.91 lakh shares, amounting to a 3.8 per cent stake, of Happy Forgings. The shares were acquired at an average price of Rs 950 apiece, taking the transaction value to Rs 341.22 crore. After the transaction, SBI Mutual Fund's holding in Happy Forgings has increased to 5.77 per cent from 1.97 per cent. Meanwhile, Business Excellence Trust III offloaded 39.10 lakh shares or 4.2 per cent stake in Happy Forgings for Rs 371 crore through an open market transaction. Business Excellence Trust III is a Sebi-registered Alternative Investment Fund managed by MOPE Investment Advisors. MOPE, a subsidiary of Motilal Oswal Financial Services Ltd (MOSFL). The shares were sold at an average price of Rs 950.06 per piece, taking the deal value to Rs 371.48 .

SBI MF floats Nifty Bank Index Fund; Union MF launches short-duration fund

Union Mutual Fund (MF) on Friday announced the launch of a short duration fund, a debt MF offering which will invest in short-term debt instruments

Quant Funds: Algo-driven approach reduces human bias, risk of style drift

Quant funds adopt a systematic, rules-based approach to stock selection and portfolio management. They don't rely on fund managers to make investment decisions

NODWIN Gaming gets Rs 64 cr investment from parent Nazara Technologies

Company was valued at Rs 3,441 cr in Nov; has IP rights for events in esports, gaming, music

SBI MF's new Quant fund targets momentum, growth & value for better returns

The scheme aims to generate long-term capital appreciation by investing in equity and equity-related instruments selected based on an in-house quant model. The fund's benchmark is the BSE 200 TRI.

SBI MF launches multi-factor quant fund to target momentum, quality, growth

According to the fund house, the model will identify stocks as momentum, value, quality, or growth based on data

SBI MF appoints Nand Kishore as MD and CEO; replaces Shamsher Singh

He began his career at SBI as a probationary officer in 1990 and moved up the ranks to become the deputy managing director

Rs 100 trn AUM? Just 3-4 years away, say mutual fund CEOs at BS BFSI Summit

Heads of mutual fund companies discuss the path to reaching Rs 100 trillion in conversation with consulting editor Tamal Bandyopadhyay at the Business Standard BFSI Insight Summit

SBI MF launches Consumption Index Fund: All you need to know

Rise in per capita income expected to result in higher purchasing power, said SBI Mutual Fund

SBI Mutual Fund hikes 2.85% stake for Rs 900 cr in KPR Mill, now holds 7.7%

SBI Mutual Fund on Wednesday hiked its stake in KPR Mill to 7.74 per cent by snapping up additional 2.85 per cent shares worth over Rs 900 crore through an open market transaction. According to the bulk deal data on the BSE, SBI Mutual Fund bought 97.35 lakh shares or 2.85 per cent stake in apparel manufacturing company KPR Mill. The shares were picked up at an average price of Rs 925 apiece, taking the transaction value to Rs 900.54 crore. After the stake buy, SBI Mutual Fund's holding in KPR Mill has been increased to 7.74 per cent from 4.89 per cent. Details of the other buyers of KPR Mill's shares could not be identified on the BSE. Meanwhile, KP Ramasamy, one of the promoters of KPR Mill sold 1.05 crore shares or 3.07 per cent stake in the company at an average price of Rs 925.12 apiece. This took the deal value to Rs 971.38 crore. After the transaction, KP Ramasamy's stake has come down to 18.3 per cent from 21.37 per cent. Additionally, the combined stakeholding of promot

Now, SBI MF launches Nifty 500 Index Fund: should you invest?

Index funds, such as the Nifty 500, are passively managed and seek to replicate the performance of the underlying index.