SBI Mutual Fund

SBI Mutual Fund
Company typeJoint venture
IndustryInvestment management
Founded29 June 1987; 37 years ago (29 June 1987)
HeadquartersMumbai, India
Area served
India
Key people
Shamsher Singh (MD & CEO)[1]
Denys de Campigneulles (Deputy CEO) [2][3]
D. P. Singh (Deputy MD & Joint CEO)[4]
Products
AUMIncrease ₹886,745 crore (US$110 billion) (December 2023)[5]
OwnerState Bank of India (63%)
Amundi (37%)
Number of employees
1000–1200
Websitewww.sbimf.com

SBI Mutual Fund is an Indian private asset management company[6] introduced by the State Bank of India (SBI) and incorporated in 1987 with its corporate head office located in Mumbai, India. SBIFMPL is a joint venture between the State Bank of India, an Indian public sector bank, and Amundi, a European asset management company. A shareholder agreement in this regard has been entered on April 13, 2011, between SBI & AMUNDI Asset Management. Accordingly, SBI currently holds 63% stake in SBIFMPL and the 37% stake is held by AMUNDI Asset Management through a wholly owned subsidiary, Amundi India Holding. SBI & AMUNDI Asset Management shall jointly develop the company as an asset management company of international repute by adopting global best practices and maintaining international standards.[7]

  1. ^ "Management Team". SBI Mutual Funds.
  2. ^ https://www.sbimf.com/en-us/lists/noticeandaddendums/notice%20-%20changes%20in%20key%20personnel%20and%20board%20of%20directors%20of%20sbi%20funds%20management%20pvt%20ltd.pdf [bare URL PDF]
  3. ^ "SBI MF Announces change in Key Personnel".
  4. ^ "Management Team".
  5. ^ "Top 10 mutual funds in India; Nippon India Mutual Fund AUM rises 37.06% in 2023". economictimes.indiatimes.com/. 16 January 2024.
  6. ^ "About us". www.sbimf.com. Archived from the original on 8 June 2023. Retrieved 14 June 2023.
  7. ^ Mampatta, Sachin P. (23 May 2011). "Amundi SA to acquire 37% stake in SBI Funds". DNA India. Retrieved 7 December 2020.