Page 3 - Sbi Mutual Fund

SBI Mutual Fund buys over 4.7 mn shares of HDFC AMC for Rs 757 cr

SBI Mutual Fund on Monday bought 47.33 lakh shares of HDFC AMC for Rs 757 crore through an open market transaction. According to the bulk deal data available with the National Stock Exchange (NSE), SBI Mutual Fund purchased 47,33,788 shares of the company. The shares were acquired at an average price of Rs 1,600 apiece, taking the aggregate value at Rs 757.40 crore. On Monday, shares of HDFC AMC closed 0.17 per cent higher at Rs 1,681 per scrip on the NSE. In a separate bulk deal, Shrem Infra Structure Pvt Ltd offloaded shares in Shrem InvIT for Rs 178 crore through an open market transaction. Shrem Infra Structure Pvt Ltd is the sponsor of Shrem InvIT (Shrem Infrastructure Investment Trust). Shrem Infra Structure sold 1.56 crore shares at an average price of Rs 114 per piece, taking the transaction value at Rs 177.84 crore, as per the data available with the NSE. Rohit Kapadia and Kairus Shavak Dadachanji A/C Non-Discretionary were the buyers of the shares. Shares of Shrem Inv

SBI MF schemes buy 2.2% stake worth Rs 757 cr in HDFC AMC in open market

US-based investment firm GQG Partners offloads 1.16% holding; shares exchanged at average price of Rs 1,600 each

How SBI MF's R Srinivasan made big gains for smallcap fund investors

SBI Small Cap Fund's consistent performance is a result of the fund manager's endeavour to find good businesses run by competent people at reasonable prices

SBI MF's dividend yield fund collects over Rs 3,600 crore during NFO

NFO receives around 123,000 applications from over 70% of pincodes in India, the fund house says

SBI Mutual Fund raises Rs 3,600 crore through dividend yield NFO

SBI Mutual Fund on Monday said it has mobilised around Rs 3,600 crore in its New Fund Offer (NFO) for a dividend yield fund offering, giving it a market share of over 25 per cent in the segment. The fund house collected the amount on the back of a strong promotion in regional languages, with around 1.23 lakh applications from 70 per cent of pin codes in the country and around 40,000 new investors. The NFO of SBI Dividend Yield Fund was opened during February 20 to March 6, and it will reopen for subscriptions on March 17, the company said in a statement. With this fund collection, SBI Mutual Fund now commands over 25 per cent share, the largest in the Dividend Yield category, which now has a total assets under management of Rs 13,844 crore. The fund house believes that the category has a lot of potential and dividend yield funds should be part of an investor's portfolio, especially those looking to invest directly in equity or looking for a regular cash flow from dividends.

'Dividend yield funds offer downside protection during corrections'

Adani Ports repays Rs 1,500 cr to SBI Mutual Fund, Aditya Birla Sun Life

Adani Ports and Special Economic Zone has repaid Rs 1,500 crore loan and will repay another Rs 1,000 crore in commercial papers due in March. The Adani Group firm paid Rs 1,000 crore to SBI Mutual Fund and Rs 500 crore to Aditya Birla Sun Life Mutual Fund on commercial papers that matured on Monday, as scheduled. "This part prepayment is from the existing cash balance and funds generated from the business operations," a company spokesperson said. "This underscores the confidence which the market has placed on the prudent capital and liquidity management plan for the group." An SBI MF spokesperson said it has no further exposure. "SBI MF had an exposure of around Rs 1,000 crore to Adani Group, which has been repaid on maturity. We have no further exposure to the Adani Group," the spokesperson said.

SBI Mutual Fund launches dividend yield fund, NFO open till March 6

The scheme will target aggregate dividend yield that is at least 50 per cent higher than the Nifty 50 index

Industry can aspire to reach $5 a person monthly SIP in five years: Bhatia

With this, monthly SIP inflows can reach Rs 50,000 cr, says Sebi whole-time member

BS BFSI Insight Summit 2022: Sebi member Ashwani Bhatia to speak at event

In the last six months with Sebi, he has delivered crucial orders in matters such as credit rating agencies, commodity brokers, and RTAs, among others

For the record: Mutual fund assets cross Rs 40-trillion, shows data

The number soared on the back of a post-Covid-19 market rally and the rise of retail participation

More rate hikes lined up, yields may have peaked: SBI MF's Radhakrishnan

He reveals why fixed maturity plans (FMPs) remain relevant, notwithstanding the emergence of target maturity funds (TMFs) in the 'predictable return' space in debt

Fusion microfinance subscribed 3x on Day-2 on strong institutional support

Medanta Hospitals IPO subscribed 36% on day-2, Bikaji Foods by 1.5 times

SBI Mutual Fund's IPO plan shelved for now, says chairman Dinesh Khara

Khara said the planned share sale of the bank's mutual fund subsidiary has been shelved for the time being

No immediate plan to get retail investors into NHAI InvIT: CEO Suresh Goyal

Talks underway with Sebi to make private-listed InvIT into public

Losing steam: Average NFO collection slumps in FY23, shows data

At Rs 260 crore, average amount mobilised per new fund offer 57% below last financial year's tally

Hatsun Agro rallies 13% in four days as Sundaram, SBI MF pick up 1.3% stake

As per shareholding data on the BSE, SBI Mutual Fund and promoter Chandramogan held 4.9 per cent and 56 per cent stakes in the company, respectively, as at the end of the April-June quarter

SBI Contra Fund AUM nearly doubles in last one year to Rs 4,688 cr

SBI Mutual Fund on Thursday said its equity fund -- SBI Contra Fund -- has recorded nearly 100 per cent growth in its asset base to Rs 4,688 crore in last one year. "The scheme AUM (Assets Under Management) stands at Rs 4,687.76 crore as on June 30, 2022 as compared to Rs 2,397.73 crore as on June 30, 2021," SBI Mutual Fund (MF) said in a statement. SBI Contra Fund has significantly outperformed its first-tier benchmark -- S&P BSE 500 TRI -- in the short, medium, and long term. The fund has delivered the highest returns in the category in the 1-year time period(11.55 per cent), 3-year (21.34 per cent), 5-year (12.90 per cent) and since inception in 2005 (18.41 per cent), the statement noted. The scheme has witnessed strong interest from all segments of investors -- retail and High Networth Individuals (HNIs) and is suitable for investors who have advanced knowledge of macro trends and prefer to take selective bets for higher returns. The scheme follows a combination of top-down .

The big guns: Top 20 mutual funds held 4.5% cash in March, shows data

Total equity value for the top 20 AMCs increased 5.1 per cent month on month (MoM) and 35.6 per cent year on year (YoY) in March 2022

Rainbow Medicare raises Rs 470 cr from anchor investors ahead of IPO

Close to 8.7 million shares were alloted to 36 institutional investors at Rs 542 per share, the upper end of the price band