#1
January 18th, 2017, 04:41 PM
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Mutual Funds of State Bank of India
Can you tell me about the establishment of SBI (State Bank of India) Mutual Fund? Also list me the Board of Directors of SBI (State Bank of India) Mutual Fund?
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#2
January 18th, 2017, 04:50 PM
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Re: Mutual Funds of State Bank of India
SBI Mutual Fund is a bank sponsored fund house. It is a joint venture between the State Bank of India, an Indian multinational, Public Sector banking and financial services company and Amundi, a European asset management company. SBI Mutual Fund offers mutual fund schemes such as Debt Schemes, Equity Schemes, Hybrid Schemes, Exchange-traded fund, Liquid Schemes and Fixed Maturity Plans. It also offers Portfolio Management and Advisory Services to financial institutions and asset management companies. Some of the major competitors for SBI Mutual Fund in the mutual fund sector are Birla Sun Life Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, and Reliance Mutual Fund & UTI Mutual Fund. Key Milestones 1987 - Establishment of SBI Mutual Fund 1991 - Launch of SBI Magnum Equity Fund 1999 - Launch of sector funds, India's first contra fund 2004 - Joint Venture with SGAM 2006 - Became the first bank-sponsored fund to launch an offshore fund – 'SBI Resurgent India Opportunities Fund' 2011 - Stake Transfer from SGAM to AMUNDI 2013 - Acquisition of Daiwa Mutual Fund, part of the Tokyo-based Daiwa Securities Group 2013 - Launch of SBI Fund Guru, an investor education initiative 2015 - Employees' Provident Fund Organisation decided to invest in the equity market for the first time by investing Rs. 5,000 crore in the Nifty and Sensex ETFs (Exchange Traded Fund) of SBI Mutual Fund Board of Directors Ms. Arundhati Bhattacharya, Chairman and Associate Director Mr. Dinesh Kumar Khara, Managing Director & CEO Mr. Shishir Joshipura, Independent Director Mr. Vellur Gopalaraghavan Kannan, Independent Director Mrs. Madhu Dubhashi, Independent Director Mr. Fathi Jerfel, Associate Director Mr. Philippe Batchevitch, Alternate Director to Mr. Jerfel Mr. Jashvant Raval, Independent Director Mr. Om Prakash Gahrotra, Independent Director Mr. Thierry Raymond Mequillet, Associate Director |
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