July 25, 2017 6:56 PM ET

Capital Markets

Company Overview of SBI Mutual Fund

Company Overview

191, Maker Tower

CuffeParade

Mumbai,  400 005

India

Phone:

91 22 2218 0219

Key Executives for SBI Mutual Fund

CEO of SBI Funds Management Pvt Ltd and MD of SBI Funds Management Pvt Ltd
Age: 64
Senior Vice President
Deputy Chief Executive Officer of SBI Funds Management Pvt Ltd
Chief Investment Officer
Fund Manager of SBI Funds Management Pvt Ltd
Compensation as of Fiscal Year 2017.

SBI Mutual Fund Key Developments

SBI Mutual Fund Launches New Close Ended Hybrid Scheme Named SBI DUAL ADVANTAGE FUND - SERIES XXIII

SBI Mutual Fund has launched a new close ended hybrid scheme named "SBI DUAL ADVANTAGE FUND - SERIES XXIII" with maturity period of 1,100 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is INR 10 per unit. The NFO opened for subscription on July 10 and will close on July 24. According to the offer document filed with SEBI, the entry load is not applicable and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will be also not applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is INR 5,000 and in multiples of INR 1 thereafter. The options available under the plan of the scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against Crisil MIP Blended Fund Index. Rajeev Radhakrishnan and Ruchit Mehta will be the fund managers of the scheme. The asset allocation of the scheme will be in such a way that the objective of the scheme to generate income and capital appreciation will be met by investing in a portfolio of fixed income securities/debt instruments and equity and equity related instruments. Hence, the scheme will allocate 55% to 95% of asset in Debt Instruments, 0% to 10% of asset in Money Market Instruments and 5% to 35% of asset in Equity and Equity related instruments.

SBI Mutual Fund Launches SBI DUAL ADVANTAGE FUND - SERIES XVIII

SBI Mutual Fund has launched a new close ended hybrid scheme named "SBI DUAL ADVANTAGE FUND - SERIES XVIII" with maturity period of 1,211 days from the date of allotment. The New Fund Offer price for the scheme is INR 10 per unit. The NFO opened for subscription on December 07 and will close on December 21. The minimum application amount is INR 5,000 and in multiples of INR 1 thereafter. The options available under the plan of the scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against Crisil MIP Blended Fund Index. Rajeev Radhakrishnan and Ruchit Mehta will be the fund managers of the scheme. The asset allocation of the scheme will be in such a way that the objective of the scheme to generate income and capital appreciation will be met by investing in a portfolio of fixed income securities/debt instruments and equity and equity related instruments. Hence, the scheme will allocate 55 to 95% of asset in Debt Instruments, 0 to 10% of asset in Money Market Instruments and 5 to 35% of asset in Equity and Equity related instruments.

SBI Mutual Fund Appoints Anuradha Rao as Managing Director and Chief Executive Officer

SBI Mutual Fund has appointed Anuradha Rao as its managing director and chief executive officer. In her new role, Rao will oversee future growth and work continuously towards offering the best services to the investor through a process driven approach which is high on transparency, convenience, and value creation at SBI Mutual Fund. The appointment is effective from August 25, 2016. Rao has replaced Dinesh Kumar Khara. Prior to this appointment, Rao worked for State Bank of India (SBI) as deputy managing director.

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Recent Private Companies Transactions

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