SBI MF assets rise to Rs 38,513 cr

The fund-house now ranks sixth from amongst the 43 mutual fund houses in the country and has a marketshare of 5.8 per cent of industry assets,a press release issued here stated.

SBI MF’s recent NFO,SBI PSU Fund,garnered Rs 681-crore,which has also contributed to the increase in AUM.

At a time when multiple NFOs flooded the market and the equilibrium of investors and funds was at a shaky level,this was one of the more successful NFOs,the release said.