SBI Mutual Fund, one of a few public sector survivors, manages assets close to Rs 5,100 crore under 31 schemes.
Second only to UTI Mutual in the public sector and eighth in the entire industry, SBIMF has been making decent progress despite its inability to tie the knot with a foreign partner.
Even as the search is on for a suitable partner, SBIMF is strengthening its distribution and service with aid from its parent. The performance of its debt schemes has been above average. Performance of equity funds, however, has not been as inspiring.
Baring the Magnum Contra Fund, which invests in contrarian stocks, others have lagged behind their peers, though they have beaten their respective benchmarks in many time periods. Managing director P G R Prasad speaks on the MF
