Page 5 - Sbi Mutual Fund

SBI Mutual Fund's IPO plan shelved for now, says chairman Dinesh Khara

Khara said the planned share sale of the bank's mutual fund subsidiary has been shelved for the time being

No immediate plan to get retail investors into NHAI InvIT: CEO Suresh Goyal

Talks underway with Sebi to make private-listed InvIT into public

Losing steam: Average NFO collection slumps in FY23, shows data

At Rs 260 crore, average amount mobilised per new fund offer 57% below last financial year's tally

Hatsun Agro rallies 13% in four days as Sundaram, SBI MF pick up 1.3% stake

As per shareholding data on the BSE, SBI Mutual Fund and promoter Chandramogan held 4.9 per cent and 56 per cent stakes in the company, respectively, as at the end of the April-June quarter

SBI Contra Fund AUM nearly doubles in last one year to Rs 4,688 cr

SBI Mutual Fund on Thursday said its equity fund -- SBI Contra Fund -- has recorded nearly 100 per cent growth in its asset base to Rs 4,688 crore in last one year. "The scheme AUM (Assets Under Management) stands at Rs 4,687.76 crore as on June 30, 2022 as compared to Rs 2,397.73 crore as on June 30, 2021," SBI Mutual Fund (MF) said in a statement. SBI Contra Fund has significantly outperformed its first-tier benchmark -- S&P BSE 500 TRI -- in the short, medium, and long term. The fund has delivered the highest returns in the category in the 1-year time period(11.55 per cent), 3-year (21.34 per cent), 5-year (12.90 per cent) and since inception in 2005 (18.41 per cent), the statement noted. The scheme has witnessed strong interest from all segments of investors -- retail and High Networth Individuals (HNIs) and is suitable for investors who have advanced knowledge of macro trends and prefer to take selective bets for higher returns. The scheme follows a combination of top-down .

The big guns: Top 20 mutual funds held 4.5% cash in March, shows data

Total equity value for the top 20 AMCs increased 5.1 per cent month on month (MoM) and 35.6 per cent year on year (YoY) in March 2022

Rainbow Medicare raises Rs 470 cr from anchor investors ahead of IPO

Close to 8.7 million shares were alloted to 36 institutional investors at Rs 542 per share, the upper end of the price band

Two entities sell shares worth Rs 284 cr of Mrs Bectors Food Specialities

Meanwhile, SBI Mutual Fund picked up over 3.3 million shares of Mrs Bectors

SBI MF adds 3 million SIP accounts at 40% YoY growth rate in FY22

Asset manager clocks strong performance this fiscal, ahead of its IPO

SBI group gets RBI nod to increase stake in ICICI Bank to 9.99%

SBI MF owns 5.7% in ICICI Bank; approval valid for one year

Index investments make target maturity funds more transparent: Experts

With the end of the financial year approaching, fund houses are launching fixed maturity plans (FMPs). New fund offers (NFOs) of FMPs from SBI Mutual Fund and IDFC Mutual Fund are on at present.

SBI Multicap NFO garners Rs 7,500-8,000 crore; biggest mop-up in its space

SBI Multicap Fund, an open-ended equity scheme will be investing in a mix of best ideas across large, mid, and small cap companies identified through a robust research process

SBI Mutual Fund launches CPSE Bond Plus SDL index fund

The scheme seeks to provide returns that closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error

SBI MF's Rs 7,000-cr IPO likely in Q1FY23; eyes valuations of Rs 70,000 cr

JV partners SBI, Amundi to divest 6% and 4%, respectively

SBI Balanced Advantage Fund AUM crosses Rs 20,000 cr-mark

The Balanced Advantage Fund (BAF) raised Rs 14,676 crore through its new fund offering (NFO) in August

Non-metros help SBI MF mobilise record sum in Balanced Fund NFO

Over two-third was collected from beyond the top 8 cities; jump in average ticket size plays its part

SBI scraps processing fees, lists more offers for retail customers

The country's largest lender State Bank of India on Monday announced a slew of offers for its retail customers ahead of the festive season. The bank has announced a 100 per cent waiver on processing fees for its car loan customers across all channels, a release said, adding that customers can get the facility of up to 90 per cent on-road financing for their car loans. The lender is also offering a special interest concession of 25 basis points (bps) to a customer applying for a car loan through YONO. YONO (You Only Need One App) is the mobile banking app of the lender. YONO users can avail car loans at an interest rate starting at 7.5 per cent per annum, the release said. The bank is offering a reduction of 75 bps in the interest rates for customers availing of gold loans. They can avail of gold loans from across all channels of the bank at 7.5 per cent per annum. Moreover, it has waived off the processing fee for all the customers applying for gold loans via YONO, the release ..

SBI MF launches open-ended dynamic asset allocation fund

The fund would manoeuvre across equity for long-term wealth creation and fixed income to provide stability to the overall scheme portfolio.

Flows will be driven by hope of economic recovery: Vinay Tonse of SBI MF

In a Q&A, the MD-CEO of the fund house shares its journey to the top and his views on the cost of investing

Franklin Templeton unitholders to get Rs 2,489 cr in next tranche

SBI Funds Management (SBI MF) will distribute the next tranche of Rs 2,489 crore to unitholders of Franklin Templeton Mutual Fund's six shuttered schemes in this week from Monday