SBI Mutual Fund is India’s largest bank sponsored mutual fund and has an enviable track record in judicious investments and consistent wealth creation.
The fund traces its lineage to SBI - India’s largest banking enterprise. The institution has grown immensely since its inception and today it is India's largest bank, patronised by over 80% of the top corporate houses of the country.
SBI Mutual Fund is a joint venture between the State Bank of India and Société Générale Asset Management, one of the world’s leading fund management companies that manages over US$ 500 Billion worldwide.
In twenty years of operation, the fund has launched 38 schemes and successfully redeemed fifteen of them. In the process it has rewarded it's investors handsomely with consistent returns.
A total of over 5.8 million investors have reposed their faith in the wealth generation expertise of the Mutual Fund.
Schemes of the Mutual fund have consistently outperformed benchmark indices and have emerged as the preferred investment for millions of investors and HNI’s.
Today, the fund manages over Rs. 42,100 crores of assets and has a diverse profile of investors actively parking their investments across 38 active schemes.
The fund serves this vast family of investors by reaching out to them through network of over 130 points of acceptance, 29 investor service centers, 59 investor service desks and 6 Investor Service Points.
SBI Mutual is the first bank-sponsored fund to launch an offshore fund – Resurgent India Opportunities Fund.
Growth through innovation and stable investment policies is the SBI MF credo.
Sponsor: State Bank of India
Trustee: SBI Mutual Fund Trustee Company Private Limited
Investment Manager: SBI Funds Management Private Limited Statutory Details: SBI Mutual Fund (SBIMF); constituted as a Trust with SBIMFTCPL as the Trustee under the provisions of Indian Trusts Act, 1882, and registered with SEBI.
|Scheme Name||NAV(Rs.)||1m %||3m %||6m %||1y %||3y %|
|SBI Banking & Financial Services Fund - Direct (G)||9.15||4.24||-6.41||-6.71||0||0|
|SBI Banking & Financial Services Fund (G)||9.13||4.2||-6.5||-6.91||0||0|
|SBI Banking ETF||172.95||3.75||-7.44||-7.02||0||0|
|SBI IT Fund - Direct (G)||48.21||3.38||4.68||-1.76||5.57||0|
|SBI IT Fund (G)||46.81||3.28||4.37||-2.44||4.39||0|
G Block,Bandra-kurla complex
Bandra (east)Mumbai-400 051.
4th Floor, Zodiac Avenue,
Opp. Mayor Bunglow,
Near Law Garden, Ahmedabad -380007
|Phone : 022-61793000||Phone : 079-2642 3060/2642 3070|
|Email : firstname.lastname@example.org||Email : email@example.com|
|Website : www.sbimf.com||Website : www.sbimf.com|
capital market/11:24, Oct 03, 2015
Record date for dividend is 07 October 2015
The old adage Sell in May seems to have been ignored largely in second half of the month as the market left behind the carnage of March & April. . A move above the downward sloping trendline (above 8,550) would prove to be icing on the cake and market looks poised to see further build up after the gains of May.
Strength of every market is judged on corrections. After Mondays turnaround it is important to observe that if the recovery turns out to be sluggish and market starts to give up gains, will it find support around 8,200 or not? As of now, it will act as a new support line for the bulls.
Barriers in life come and go but 8,350 is acting as a tough one since the third week of April. This consolidation at the bottom has taken shape of a bullish H&S pattern. A move above the same could result in reversal of the trend.
However, it is imperative to understand that demographics eventually shape the dynamics of an economy.
CIBIL REPORTS are being touted as the solution to all credit decisions. To my mind, such a mindset could be extremely damaging. In this article, I will try to explain why.