SBI MF completes 30 years of inception

To organize blood donation drive across 30 cities
Report by: 
EOI CORRESPONDENT
Kolkata
28 Jun 2017

SBI Mutual Fund (SBIMF) would be the first Indian Mutual Fund Company to complete 30 years of successful operations on June 29.
SBI Mutual Fund, to commemorate its 30th anniversary aims to strengthen the bond between the company and the community by organizing Blood Donation Camps across 30 cities starting June 29, 2017 in Mumbai.
Speaking on the occasion, Anuradha Rao, Managing Director & Chief Executive Officer said, “Blood Donation brings immense value  to those in need and a feeling of pride and joy to the donor.  On the momentous occasion of  completing 30 years, we at SBI Mutual Fund want to express our gratitude to all our stakeholders by taking this initiative for the community.’’
The AUM of the Indian MF Industry have grown from INR 3.26 trillion as on 31st March 2007 to INR 19.04 trillion as on 31st May, 2017, about six-fold increase in a span of 10 years. SBI Mutual Fund has a current market share of 9.14% per cent of the industry.
“With our vast experience in asset management blended with strong parentage, rigorous investment templates, structured and disciplined processes to ensure effective execution of strategies, and the strong confidence reposed by over 30,000 IFAs, SBI Mutual Fund has  endeavored to provide over the years consistent value and customized investment solutions to our large retail investor base, Ms Rao added.” 
Navneet Munot, Executive Director & Chief Investment Officer, SBI Mutual Fund said: ‘We have focused on creating wealth through clear investment philosophy, active management, robust research and governance processes. Just like our parent SBI that takes pride in being banker to every Indian, our dream is to be a wealth creator for every Indian. The seeds for an exponential growth have been sown and the next three decades are likely to be more exciting.”