SBI Mutual Fund Achieves a new Milestone

SBI Mutual FundMumbai: SBI Mutual Fund has crossed Rs 20,000-crore mark in assets under management (AUM) as on 30 June, 2007.

According to a release the AUM of SBI MF stood at Rs 20,272 crore as on June 30 and it is placed sixth among existing fund houses. SBI Mutual funds Achieves Milestone

While commenting on the milestone achieved Syed Shahabuddin, Managing Director and CEO, SBI Mutual Funds stated, “SBI Mutual Fund's excellent run is a reflection of the fund house's ability to understand the needs of investors and introduce products suited to their needs.”

SBI MF has an investor base of over 35-lakh spread over 40 schemes.

SBI Mutual Fund (SBI MF) is one of the leading mutual funds in the country. It has more than 3.45 million investors. With more than 19 years of rich experience in fund management, SBI MF brings ahead its proficiency in systematically delivering value to its investors.

SBI Mutual Fund draws its intensity from India’s biggest banking institution State Bank of India and Société Générale Asset Management, France.