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

Asset manager has seen strong flows on both debt and equity side

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.