Page 3 - Sbi Mutual Fund

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.

Promoters of Electronics Mart India divest 7.8% stake for Rs 689 cr

Pavan Kumar Bajaj and Karan Bajaj, the promoters of Electronics Mart India, on Friday, divested a 7.8 per cent stake for Rs 689 crore via open market transactions, while Norway's Government Pension Fund Global and SBI MF picked up the stake. According to the bulk deal data on the National Stock Exchange (NSE), Pavan Bajaj and Karan Bajaj sold 1.50 crore shares each, representing a 7.8 per cent stake in Electronics Mart India Ltd (EMIL). The shares were offloaded in the price range of Rs 229.75-229.77 apiece, taking the transaction value to Rs 689.28 crore. After the latest transaction, the combined shareholding of promoter and promoter group entities' in EMIL has declined to 65.17 per cent from 72.97 per cent. Meanwhile, SBI Mutual Fund (MF) purchased 1.51 crore scrips, amounting to a 3.92 per cent stake in EMIL and Norges Bank - Government Pension Fund Global and Franklin Templeton MF acquired 99.41 lakh shares of Electronics Mart India. Shares were bought by these entities in th

SBI Mutual Fund launches the Innovative Opportunities Fund: Check details

The fund will invest up to 35 per cent of the corpus in global stocks as and when the foreign investment limit is raised

India's first contra MF scheme turns Rs 10,000 SIP into Rs 7 cr in 25 years

.For those who opted for a monthly investment (SIP) of Rs 10,000 since launch, the accumulated amount would be a staggering Rs 7.19 crore today. That's a testament to the power of compounding!

SBI MF assets top Rs 10 trn; becomes first fund house to achieve milestone

Becomes first fund house to reach the benchmark

SBI automotive opportunities fund: Know details before investing

The thematic scheme will invest in stocks of companies engaged in automotive and allied businesses.

SBI MF adds automotive opportunities fund to its thematic line-up

According to fund house, the growing demand for premium automobiles & rising electric vehicle adoption also bodes well for the cos in this sector, while bringing new investment options to the fold

Smallcap stock zooms 10% as SBI MF buys 3% stake; HDFC MF holds 7% equity

Among non-promoter public shareholders, HDFC Mutual fund (via HDFC Balanced Advantage Fund) held 7.4 per cent stake in Savita Oil, according to data on BSE

SBI MF energy fund collects Rs 6,700 crore in new fund offering period

According to the fund house, the scheme received flows from across the country through nearly half a million applications

SBI Mutual Fund mops up over Rs 6,700 cr from Energy Opportunities Fund

SBI Mutual Fund, the country's largest mutual fund house, has collected over Rs 6,700 crore through its latest offering- energy opportunities fund - beating its internal target of Rs 5,000 crore. In a statement, the fund house said the NFO has received a widespread response from all distribution channels and the overall number of applications crossed close to 5 lakh. The NFO saw a large number of new investors participating which underscores the trust of investors and distributors in SBI Mutual Fund. It also underlines the strong belief that investors have in the energy theme, it said. The Energy Opportunities Fund is an open-ended equity scheme following the energy theme tracking the energy index of the benchmark Nifty. The scheme would invest 80-100 per cent of its assets in equity and equity-related instruments of companies engaged in energy (traditional and new) and allied business activities and the balance in other equity and equity-related instruments, including equity ...