SBI Mutual Fund: AUM Crossed Rs.5 lakh crore

SBI Mutual Fund: AUM Crossed Rs.5 lakh crore

SBI Mutual Fund has crossed AUM of Rs.5 lakh  crore in March 2021.

In the last one year, SBI MF’s AUM has grown to Rs 5.04 lakh crore from Rs 3.73 lakh crore recording a growth of 35 %.

The market share of the fund house has also grown from 13.82% to 15.71% in the last one year.

The mutual fund company  attributed this growth to increase in the systematic investment plan (SIP) investment.

The SBI Mutual Fund SIP book has increased to Rs 1,382 crore from Rs 1,180 crore over the last one year recording a growth of 17%.

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