SBI Funds Management Private Limited Mutual Funds Investments

About SBI Mutual Fund

Under the Trust Act of 1882, a trust named SBI Mutual Fund Trustee Company Private Limited was set up. SBI is India’s oldest and largest Mutual Fund. SBI Mutual fund (SBIMF) is a joint venture between State Bank of India and Amundi, a French asset management company.

SBI Mutual Fund was set up in 1987 and incorporated on February 7, 1992. It is India’s second mutual fund following Unit Trust of India (UTI), which started in 1963.

In July 2004, SBI divested 37% of the fund, and Amundi joined as a partner. SBI mutual fund has been a pioneer in the industry. SBIMF is the first Indian mutual fund to launch a Contra Fund. It is also first in India to launch the ESG Fund. Environment, Social, and Governance fund that provides resources for sustainable investments in major markets.

In 2013, SBIMF acquired the Daiwa Mutual Fund, which is part of the Daiwa Group of Japan. SBIMF is the primary beneficiary of Employees’ Provident Fund of India with steady equity inflows. EPFO started its first Mutual Fund invested in 2015 via SBIMF Sensex ETFs.

SBI Mutual Fund is registered with SEBI. In January 2020, SBIMF emerged as India’s biggest AMC with a total of INR 3.82 lakh crore assets under management.  

Key Information about SBI Mutual Fund

SBI Mutual Fund Contact Details