Investors have matured, bear market not a major worry for MFs: DP Singh

Singh says the assets under management (AUM) can touch Rs 20-trillion in the next five years if the market remains supportive

SBI Mutual Fund’s ascent to Rs 10 trillion in assets under management (AUM) is buoyed by the post-Covid rally in the equity market and bolstering of its distribution channels, says DP Singh, deputy managing director and joint CEO, SBI Mutual Fund. In an interview with Abhishek Kumar, Singh believes the AUM can touch Rs 20 trillion over the next five years if the market remains supportive. Edited excerpts:

What are the key drivers behind the Rs 10 trillion AUM milestone?

Over the years, we have worked to enhance our reach and increase the systematic investment plan (SIP) book size. The efforts have