SBI Mutual Fund is a fund house with 30 years of experience in fund management having its corporate headquarters in Mumbai. The fund house is a joint venture between the State Bank of India, an Indian multinational, public sector bank and Amundi, an European Asset Management Company.

Vision

To be the most preferred and the largest fund house for all asset classes, with a consistent track record of excellent returns and best standards in customer service, product innovation, technology, and HR practices.

Key Information

Mutual Fund SBI Mutual Fund
Setup Date Jun-29-1987
Incorporation Date Feb-07-1992
Sponsor State Bank of India
Trustee SBI Mutual Fund Trustee Company Private Limited
Chairman Mrs. Arundhati Bhattacharya
CEO / MD Mrs. Anuradha Rao
CIO Mr. Navneet Munot
Compliance Officer Ms. Vinaya Datar
Investor Service Officer Mr. Rohidas Nakashe
Assets Managed Rs. 264353.03 crore (Dec-31-2018)

Overall Performance of SBI funds

By percentage growth in QAAUM, SBI Funds Management Private Limited is among the fastest growing mutual fund houses, particularly with the success of funds like SBI Small-cap Fund.

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The QAAUM stood at Rs 2,64,353.03 crore, growing 4% over the previous quarter and 29% Y-o-Y.

The fund house is the third largest fund house in India as of December 2018 in terms of QAAUM. Market share in QAAUM is 11.2% as on December 31, 2018, having increased by 80 bps from the previous quarter.

AUM Performance

Year AUM (Rs Cr)
Mar-17 1,57,025
Sep-17 1,88,030
Dec-17 2,05,273
Mar-18 2,17,649
Sep-18 2,53,829
Dec-18 2,64,353

Financial Performance

The overall revenue from operations grew by 64% to Rs. 1272 crore in fiscal 2018. The Profit After Tax (PAT) increased by 48% to Rs. 331 crore for fiscal 2018.

Parameter FY 2017 (Rs Cr) FY 2018 (Rs Cr)
Total Income 777.9 1,272.0
PBT 329.9 503.2
PAT 224.3 331.0

Source: Annual Report

Key People at SBI Funds Management Private Limited

continue investing in small and mid cap funds?

 

These are some of the key people at SBI Mutual Fund

1. Ashwani Bhatia

Managing Director & Chief Executive Officer

Mr. Ashwani Bhatia is the Chief General Manager of State Bank of India (SBI) and is on deputation to SBI Funds Management Private Limited (SBIFMPL) since July 09, 2018.

Mr. Bhatia started his career with SBI in 1985 as a Probationary Officer.

2. Mr. Nicolas Simon

Deputy CEO

Nicolas Simon has been deputed from Amundi Group as Deputy Chief Executive Officer of SBIFMPL w.e.f from November 1, 2015. Before joining SBIFMPL, Nicolas worked as CEO for Amundi Real Estate and CAAM Real Estate (2006 – 2015).

Previously, he was associated with Henderson Global Investors as Head of Property, France (2003 – 2005) and with Generali Real Estate as CIO (1996 – 2002).

He brings with him over 25 years of rich experience in Financial Services. He holds a post graduation in Law from Paris Pantheon-Assas University and Masters in Business Administration (MBA) from Toulouse Business School.

3.Mr. Binod Kumar Mishra

Chief Operating Officer

Mr. Mishra is an officer in the rank of Deputy General Manager of SBI and is on deputation at SBIFMPL as Chief Operating Officer.

Mr. Mishra started his career with State Bank of India (SBI) in 1990 as a probationary officer.

4. Mr. D. P. Singh

Executive Director & Chief Marketing Officer (Domestic Business)

Mr. D. P. Singh has over 30 years of experience in the Banking and Financial services industry. Before becoming the ED & CMO in May 2012, he was the National Sales Head.

Mr. Singh has been with the company since 1998 and has been instrumental in expanding SBI Mutual Fund’s reach.

Before joining the company, he was with SBI. He holds a Post Graduation in Commerce, Post Graduate Diploma in PMIR (Personnel Management & Industrial Relations) & CAIIB.

5. Navneet Munot

Executive Director & Chief Investment Officer

Navneet Munot joined SBIFMPL as Chief Investment Officer in December 2008.

He has over 24 years of experience in the industry. Navneet is responsible for overseeing investments worth USD 40 billion across various asset classes in mutual fund and segregated accounts.

Previously, he has worked with Morgan Stanley Investment Management and Birla Sun Life Mutual Fund. Navneet is on the board of the Indian Association of Investment Professional.

Navneet is a postgraduate in Accountancy and Business Statistics and a qualified chartered accountant. He is also a Charter Holder of the CFA Institute and CAIA Institute.

Prominent Fund Managers of SBI Funds Management Private Limited

1. Sohini Andani

Sohini joined SBIFMPL in 2007 and became a portfolio manager in 2010.

Previously, Sohini was a senior research analyst at ING Investment Management. Sohini has over 11 years of experience.

Her other assignments were with ASK Raymond James, LKP Shares and Securities, Advani Share Brokers and KR Choksey Shares and Securities. Sohini is a Commerce graduate from Mumbai University and a qualified Chartered Accountant from ICAI.

2. R.Srinivasan

R Srinivasan is the Head of Equity and also directly manages some funds.

He joined SBI Funds Management Pvt Ltd as a Senior Fund Manager in May 2009. He has over 25 years of experience in equities and has worked with Future Capital Holding, Principal PNB, Oppenheimer & Co (later Blackstone), Indosuez WI Carr and Motilal Oswal, among others.

Srinivasan is a post graduate in commerce and has an MFM degree from the University of Mumbai.

3. Richard D’Souza

Richard currently manages thematic funds at SBIMFPL.

He joined the firm in 2010 as a fund manager for the retail PMS division. Before this, he worked with ASK Investment Managers.

He started his career in 1992 as a research analyst at Ajit Vajani Share Brokers and worked with few other broking firms such as Antique Shares, Sunidhi Consulting and Alchemy Shares as a sell-side analyst. Richard is a Science graduate from Mumbai University.

4. Dinesh Balachandran, CFA

Dinesh is an equity fund manager at SBIFMPL.

He joined the firm in 2012 as a Senior Credit Analyst. Dinesh started his career with Fidelity in Boston USA in 2001, whereas, as an analyst, he covered structured finance, and the local US fixed income market over ten years.

Dinesh holds a B.Tech degree from IIT Bombay and an M.S degree from Massachusetts Institute of Technology (MIT). He is also a charter holder of the CFA Institute, USA.

5. Rajeev Radhakrishnan, CFA

Rajeev is the head of the fixed income desk at SBIFMPL.

He joined the company as a fixed income portfolio manager in 2008. Prior to joining SBIFM, he was a co-fund manager for fixed income with UTI Asset Management for seven years.

Rajeev holds a bachelors in engineering and a masters degree in finance from Mumbai University. He is also a charter holder of the CFA Institute, USA.

6. Dinesh Ahuja

Dinesh Ahuja joined SBIFM in 2010. Before joining SBIFM, he was associated with L&T Investment Management and Reliance Group.

Dinesh started his career in 1998 as a fixed income dealer in the sell side. Dinesh is a Commerce graduate and holds a Master’s degree in Finance from Mumbai University.

5 Best SBI Funds You Can Consider Investing In
Fund Name 1Y 3Y 5Y Expense Ratio Turnover Ratio Category Risk
SBI Small Cap Fund - Direct - Growth -1.98% 16.75% 23.2% 1.23% 64% Equity
(Small Cap)
Moderately High
SBI Banking & Financial Services Fund - Direct - Growth 17.5% 22.91% NA 1.53% 218% Equity
(Sectoral/Thematic)
High
SBI Bluechip Fund - Direct - Growth 6.23% 11.31% 13.93% 1.08% 73% Equity
(Large Cap)
Moderately High
SBI Focused Equity Fund - Direct - Growth 8.22% 15.46% 16.22% 1.23% 81% Equity
(Focused)
Moderately High
SBI Magnum Multi Cap Fund - Direct - Growth 7.15% 13.65% 16.03% 1.13% 65% Equity
(Multi Cap)
Moderately High

5 Best SBI Funds You Can Consider Investing in – Details

1.SBI Small Cap Fund

Investment Objective

The fund seeks to provide an opportunity for long-term growth in capital by investing predominantly in a well-diversified basket of equity stocks of small-cap companies.

Category

Equity: Small Cap

Fund Manager

R. Srinivasan

Why Invest in this Fund?

The fund has widened its margin of outperformance relative to its category and benchmark since 2017. This performance has helped the fund earn a five-star rating.

Is it the Right Time to Continue Investing in Small and Mid-Cap Funds?

The fund looks for competitive advantage, return on capital, growth, management, and valuation attributes in the stocks it buys and thus remains true to its investment philosophy.

2.SBI Banking & Financial Services Fund

Investment Objective

The fund seeks to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity-related securities of companies engaged in banking and financial services.

Category

Equity: Sector/Thematic Fund

Fund Manager

Sohini Andani

Why Invest in this Fund?

The fund invests primarily in the banking and financial services sector. The sector is promising for a country like India, which is home to over one-sixth of the world’s population.

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The fund’s risk is lower compared to the benchmark and it has outperformed the benchmark over the multi-trailing time period.

3. SBI Bluechip Fund

Investment Objective

The scheme seeks to provide investors with opportunities for long-term growth in capital by investing in a diversified basket of large-cap equity stocks.

Category

Equity: Large Cap

Fund Manager

Sohini Andani

Why Invest in this Fund?

The fund’s risk is lower compared to the benchmark and it has outperformed the benchmark over the multi-trailing time period. In addition, the expense ratio has remained lower that has resulted in amplified returns over time.

4.SBI Focused Equity Fund

Investment Objective

The scheme seeks to provide the investor with the opportunity of long-term capital appreciation by investing in a concentrated portfolio of equity and equity-related securities.

Category

Equity: Focused

Fund Manager

R. Srinivasan

Why Invest in This Fund?

The fund’s risk is lower compared to the benchmark and it has outperformed the benchmark over the multi-trailing time period.

5. SBI Magnum Multicap Fund

Investment Objective

The scheme seeks to invest in a portfolio comprising of equities and equity related instruments spanning the entire market capitalization spectrum.

The fund aims to invest 50-90 percent in large-cap stocks, 10-40 percent in mid-cap stocks and up to 10 percent in small-cap stocks.

Category

Equity: Small Cap

Fund Manager

R. Srinivasan

Why Invest in this Fund?

Given the fund invests across the spectrum of market capitalization, the fund’s risk is lower compared to the benchmark. The fund manager sticks to its bottom-up stock selection approach which has resulted in the fund outperforming the benchmark over the multi-trailing time period.

In addition, the expense ratio has remained lower that has resulted in amplified returns over time.

Conclusion

SBI Mutual Fund is one of the most reputed AMCs in the country, because of its strong credentials and the consistent returns it has provided over the years.

SBI has created a trustworthy brand for itself, which explains its vast investor base.