The surge in debt inflows, steady performance across schemes, and the money from the Employees' Provident Fund Organisation (EPFO) are factors that have boosted SBI MF's assets, said market observers
Private sector lender CSB Bank on Tuesday said SBI Mutual Fund has increased its stake in the bank to over 5 per cent
The money will be used to fund TII's organic and inorganic growth, including acquisition of CG Power and Industrial Solutions and TII's proposed capex
The company on Monday allotted shares worth Rs 162 cr to anchor investors Goldman Sachs India, SBI MF, Bajaj Allianz Life Insurance, among others
Munot is currently CIO and executive director at SBI MF, a position he has held the past 12 years
HDFC Mutual Fund on Monday said its board of directors had approved the appointment of Navneet Munot as its next managing director and chief executive officer
This is an open-end fund that will be part of SBI Magnum Children's Benefit Fund, which already has a savings plan, a predominantly debt-oriented offering
The Nifty Smallcap 100 index has surged nearly 40 per cent for the three months ended August
Annual operating profit of Rs 60,000 crore good enough to absorb any increase in provisioning, while high growth potential subsidiaries to drive valuations
Fund house had average assets under management of Rs 3.64 trillion in June quarter
Asset manager has seen strong flows on both debt and equity side
SBI Mutual Fund has emerged as the largest fund house in the country with average assets of Rs 3.74 trillion in the March quarter, rising 6% from the previous quarter
Nearly 51 million shares exchanged hands on Tuesday in the block deal
Cyclically, global growth and challenges in the NBFC sector are at play, says Navneet Munot
Besides, the Employees' Provident Fund Organisation (EPFO) also approved a proposal for early redemption of its investment of around Rs 700 crore in bonds of DHFL
Earlier this year, the EPFO had made it clear that the SBI as a bank could not continue as the fund manger of the body
Among the top three fund houses, SBI MF added another Rs 23,718 crore of assets
SBI MF has clarified that it doesn't hold any debentures issued by Emami promoter group entities
The surge in debt inflows and EPFO money has catapulted SBI MF to the podium. Can it bag the top spot?
The case pertains to SBI MF's transactions in shares of Padmini Technologies in the early 2000s