SBI MF becomes first mutual fund company to cross Rs 5 lakh crore average AUM mark

Current GK ( Master) Financial System

SBI Funds Management Pvt. Ltd has informed that it has become the first mutual fund house in India to cross the Rs. 5 lakh crore average assets under management (AAUM) mark.
SBI MF has seen a growth of 35 % during the financial year 2020-21, with its average AUM increasing from Rs 3.73 lakh crore to Rs 5.04 lakh crore.
It is a joint venture between India’s largest lender, State Bank of India, and Europe’s largest asset manager, Amundi.