Reliance Offloads 3.6% Stake in Asian Paints to SBI Mutual Fund for $900 Million
In one of the biggest block deals in recent times, Reliance Industries has sold 3.6% of its stake in Asian Paints to SBI Mutual Fund for around ₹7,703 crore (about $900 million). This deal was done through its group company, Siddhant Commercials Pvt Ltd, which sold 3.5 crore shares at ₹2,201 per share in the […]
Who is the CEO of SBI Funds Management Ltd?
Shamsher Singh is the Managing Director and Chief Executive Officer of SBI Funds Management Limited. He was appointed to this position on November 2, 2022. He is taking over Vinay M. Tonse who returned to the State Bank of India after his tenure at SBI funds. Shamsher Singh’s Career Journey Singh has over 32 years […]
SBI Fund Management Ltd Becomes A Top Gainer In The Market: What It Holds For Investors?
Established on February 7, 1992, SBI Fund Management Limited is a mutual fund company based in Mumbai, India. It is appointed as an Asset Management Company of SBI Mutual Fund. SBIFM is a joint venture between the State Bank of India, an Indian Public Sector Bank, and Amundi, a European asset management company. Today, the […]
SBI Fund Management Acquired Up To 9.99% Stake In HDFC Bank; How Will It Impact Unlisted Share Price?
In a significant development within the financial grounds, SBI Fund Management has made a noteworthy move by acquiring a substantial stake of 9.99% in HDFC Bank. This strategic investment marks a pivotal moment for both financial institutions and holds the potential to induce notable ramifications in the market. This blog is of particular interest is […]
What Makes SBI Fund Management Ltd A Good Investment Option?
When investing, selecting the right company with sound financials can help you make a profitable investment decision. One such company is SBI Fund Management Ltd (SBI FML), an asset management arm of SBI. It is a joint venture by India’s popular State Bank Of India and Emundi, a European asset management company. Today, retail investors […]
A Comparison Of SBI Funds Management Ltd With Contemporary Players
State Bank of India, formally SBI, is a trusted name among the financial institutions in India, and it is continuously expanding its services globally. SBI Funds Management Limited is an asset management company of SBI Mutual Fund which is consistently beating its competitors like Sundaram Mutual Fund, IDBI Mutual Fund, and HDFC Mutual Fund. SBI […]
