SBI MF assets top Rs 10 trn; becomes first fund house to achieve milestone
SBI Mutual Fund (SBI MF) made history on Monday by becoming the first fund house in the country to achieve the Rs 10 trillion milestone in assets under management (AUM). The industry leader has adeptly navigated the post-pandemic equity boom and capitalised on the increasing awareness of MF investing.
The sharp growth in SBI MF’s AUM, alongside the overall industry, has been driven by the equity market rally and expanding MF investor base. The growth in MF AUM hinges on both the appreciation in assets held by schemes and fresh inflows.
SBI MF had an average AUM of Rs 3.7 trillion for the three-month period ending March 2020, when it first claimed the top spot in the AUM ranking. Since then, its AUM growth has consistently outpaced the industry average for three of the past four financial years, widening its lead over other players.
