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Old November 14th, 2017, 03:36 PM
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Default State Bank Of India MF

Hi buddy will you plz tell me Key Milestones of State Bank Of India MF, as my onn of the friend asking me about the same here ??
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  #2  
Old November 14th, 2017, 04:36 PM
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Default Re: State Bank Of India MF

SBI Mutual Fund is a bank sponsored fund house with its corporate headquarters in Mumbai, India.

As you want here I am telling Key Milestones of State Bank Of India MF

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

Company profile:

Type Private company

Industry Mutual Fund

Founded 1987

Headquarters Mumbai, India

Area served India

Key people Mrs. Arundhati Bhattacharya (Chairman), anuradha rao (CEO & MD), Mr.
Navneet Munot (Executive Director & Chief Investment Officer)

Products Mutual Fund

AUM Rs. 1,82,916 crore ($28.4 billion) (July 2017)

Number of employees 500-1000
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