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
The Nifty Smallcap 100 index has surged nearly 40 per cent for the three months ended August
Annual operating profit of Rs 60,000 crore good enough to absorb any increase in provisioning, while high growth potential subsidiaries to drive valuations
Fund house had average assets under management of Rs 3.64 trillion in June quarter
Asset manager has seen strong flows on both debt and equity side
SBI Mutual Fund has emerged as the largest fund house in the country with average assets of Rs 3.74 trillion in the March quarter, rising 6% from the previous quarter
Nearly 51 million shares exchanged hands on Tuesday in the block deal
Cyclically, global growth and challenges in the NBFC sector are at play, says Navneet Munot
Besides, the Employees' Provident Fund Organisation (EPFO) also approved a proposal for early redemption of its investment of around Rs 700 crore in bonds of DHFL
Earlier this year, the EPFO had made it clear that the SBI as a bank could not continue as the fund manger of the body
Among the top three fund houses, SBI MF added another Rs 23,718 crore of assets
SBI MF has clarified that it doesn't hold any debentures issued by Emami promoter group entities
The surge in debt inflows and EPFO money has catapulted SBI MF to the podium. Can it bag the top spot?
The case pertains to SBI MF's transactions in shares of Padmini Technologies in the early 2000s
The option to exit without payment of exit load will be valid from April 16 to May 15
SBI MF is India's 5th largest mutual fund with total AUM of Rs 1,25,000 cr, up from Rs 1,06,000 cr at the end of FY16