SBI MF becomes first fund house to cross Rs 4 trillion-mark in asset base

Recently, SBI MF became the largest asset manager in the country dislodging HDFC MF from the top spot
SBI Mutual Fund (MF) has become the first fund house to cross the ~4 trillion-mark, according to industry estimates.

“We have seen money coming in from across segments. Amid recent disruptions in the market, flows have come in as SBI MF is seen as a safe fund house. Apart from debt, we are also seeing a significant share of net equity flows coming into our schemes,” said D P Singh, chief business officer at SBI MF.

The surge in market valuations has also contributed to the jump in the asset base to the tune of ~30,000-~35,000 crore.
Industry experts say the process-driven fund management, flows from the Employee Provident Fund Organisation, and a wide distribution network have also played a  role in expanding the asset base.

Recently, SBI MF had become the largest asset manager in the country, dislodging HDFC MF from the top spot, which it had held for a long period.  
SBI MF is a joint venture between State Bank of India and French asset management company Amundi, where the latter holds a 37 per cent stake.

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