Page 6 - Sbi Mutual Fund

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

Franklin Templeton unitholders to get Rs 2,962 cr in second tranche

SBI Funds Management (SBI MF) will distribute the next tranche of Rs 2,962 crore to unitholders of Franklin Templeton Mutual Fund's six shuttered schemes during the coming week

SBI Mutual Fund asset base crosses Rs 5 trillion-mark in March quarter

The fund house's average asset under management (AAUM) rose to Rs 5.04 trillion in 2020-21 from Rs 3.73 trillion in the preceding fiscal

MFs log strong 19% AUM growth at Rs 32.1 trillion in March quarter

SBI cements pole spot, widens lead over HDFC MF; Among top 10, Axis MF has logged highest growth in average AUM at 42% to Rs 1.96 trillion

SBI Magnum Medium Duration Fund: Active management of credit risk, duration

The fund maintained modified duration in the range of 1.7 years to 3.7 years during the past 3 years, averaging 3 years

International funds in focus as diversification theme gains ground

Sebi's easing of investment norms has encouraged MFs to look at the category more seriously

SC nod for SBI MF plan to distribute Rs 9,122 cr to Franklin unitholders

Distribution mechanism was framed in consultation with Sebi and Franklin Templeton MF

SBI Mutual Fund targets to collect Rs 2,000 cr from retirement scheme

SBI Retirement Benefit Fund, whose new fund offer got announced on Tuesday is retirement solution-oriented scheme offering an option of investing as per an investment plan as based on risk profile

SBI Mutual Fund widens lead as top asset manager in December quarter

The surge in debt inflows, steady performance across schemes, and the money from the Employees' Provident Fund Organisation (EPFO) are factors that have boosted SBI MF's assets, said market observers

SBI Mutual Fund raises stake in private lender CSB Bank to over 5%

Private sector lender CSB Bank on Tuesday said SBI Mutual Fund has increased its stake in the bank to over 5 per cent

Azim Premji, SBI MF invest Rs 350 cr in Tube Investments preferential issue

The money will be used to fund TII's organic and inorganic growth, including acquisition of CG Power and Industrial Solutions and TII's proposed capex

Mrs Bector IPO subscribed 3.72 times on Day-1 on strong retail interest

The company on Monday allotted shares worth Rs 162 cr to anchor investors Goldman Sachs India, SBI MF, Bajaj Allianz Life Insurance, among others

Navneet Munot to head HDFC MF as Milind Barve's term ends on Jan 31

Munot is currently CIO and executive director at SBI MF, a position he has held the past 12 years

Navneet Munot quits SBI MF, set to become MD & CEO of HDFC Mutual Fund

HDFC Mutual Fund on Monday said its board of directors had approved the appointment of Navneet Munot as its next managing director and chief executive officer

SBI MF to launch Children's Benefit Fund-Investment Plan on Sept 8

This is an open-end fund that will be part of SBI Magnum Children's Benefit Fund, which already has a savings plan, a predominantly debt-oriented offering

SBI MF to stop accepting lump sum investments into Small Cap Fund

The Nifty Smallcap 100 index has surged nearly 40 per cent for the three months ended August

Operational strength, subsidiaries to drive State Bank of India's re-rating

Annual operating profit of Rs 60,000 crore good enough to absorb any increase in provisioning, while high growth potential subsidiaries to drive valuations