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SBI Mutual Fund achieves a new milestone

Company News
New Delhi, July 05

SBI Mutual Fund, one of the leading mutual funds in the country has achieved a new milestone by crossing the Rs 20,000 crore assets under management (AUM) mark at the end of June 2007. According to the official numbers released to AMFI, the AUM of SBI Mutual Fund was placed at Rs 20,272 crore as on June 30, 2007 and is now ranked 6th among existing fund houses (source: www.amfiindia.com). The mutual fund industry as a whole lost some ground with a decline in overall AUMs at Rs. 400,842 crores (as on June 2007) as compared to Rs. 413,968 crores at the end of May 2007 with few fund houses seeing an increase in their assets under management.

We also understand that SBI Mutual Fund has grown approximately 3.3 times against the industry's growth of approximately 2.6 times in the last 3 years.* This can be attributed to the consistent performance of the fund house in generating value for its investors.

Commenting on the new milestone, Mr. Syed Shahabuddin, Managing Director & Chief Executive Officer, SBI Mutual Fund, said, “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. Excellent and consistent returns on investments have brought in more investors to the fund house and it would be our endeavour to maintain our excellent track record in the years to come”.

For more information, please contact:
Sampark Public Relations,
Rajat Chandihok / Lalit Pandey
Mob- 9810175728 /9818806924