The move follows RK Damani’s Rs 90-crore pre-IPO investment; Moneycontrol was the first to report on SBI MF’s planned investment earlier this month.
Responding to questions about the initial public offering (IPO) plans for SBI General Insurance, Setty said no fixed schedule has been set.
SBI MF's Joint CEO DP Singh, while speaking at the Moneycontrol Global Wealth Summit has said that the fund house is aiming to take capital creation to the bottom of the pyramid, and is confident of making it big.
Join us for the latest in stock market news as we cover today's key movers and shakers. We dive into Bharti Airtel's stake sale, Gabriel India's new license agreement, Uno Minda's JV for high-voltage powertrain products, Deepak Fertilisers' Australian subsidiary expansion, Zomato's AI-driven customer support platform, and Paytm's new SIP partnership with SBI Mutual Fund. Stay informed with our comprehensive update on the stocks to watch today.
The scheme provides flexible SIP options, including daily, monthly, or weekly contributions, to suit the varied financial needs and preferences of customers.
The scheme is set to provide affordable investment opportunities to a larger part of the society.
With the latest stake increase, the final holding of SBI Mutual Fund under its various schemes, as at the close of business hours on September 10 was over 4.64 crore shares which is 7.47 percent.
Karur Vysya Bank's strong financial position and attractive valuation should drive a further re-rating in the stock, say analysts
Plutus Wealth Management sold a 2.44 percent stake in AMI Organics for an average price of Rs 1350 per share.
Two marquee funds with significant holdings in the stock find themselves on opposing sides of the trade.
In an exclusive conversation with Moneycontrol, chief investment officer, R Srinivasan, talks about SBI Mutual Fund’s Smallcap Scheme Stress Test report, and more.
For investors, the open-ended fund comes with a relatively lower cost as it is a passive fund which will remain open from January 16 to 29, the fund house said.
Zydus Family Trust and SBI Mutual Fund were the buyers of Zydus Wellness shares.
The shares bought were equivalent to 1.5 percent of paid-up equity in the bank
The approval has been granted with refrence to the application made by SBIMF to RBI, the central bank bank in an statement
D P Singh has over 31 years of experience in banking and financial services industry and has been associated with SBI Mutual Fund since 1998. He was earlier deputy managing director and chief business officer at the AMC.
This fundraise comes on heels of Nazara Technologies issuing shares of up to Rs 100 crore to Zerodha co-founder Nikhil Kamath's two firms - Kamath Associates and NKSquared.
According to the block deal data available with the NSE, SBI Mutual Fund acquired 46,28,452 shares of United Breweries Ltd (UBL).
HDFC Life shares have gained 15 percent after the Reserve Bank of India on April 21 allowed HDFC Bank or HDFC Limited to increase the shareholding in the company to more than 50 percent
Analysts have a consensus target price of 2,022 on the stock, which indicates a 31 percent upside from the current levels
According to the bulk deal data available with the National Stock Exchange (NSE), SBI Mutual Fund purchased 47,33,788 shares of the company.
Company's current market capitalisation is close to Rs 6,000 crores and in FY22 company clocked in sales worth Rs 1130 crores
SBI Mutual Fund, the country's largest asset manager with around Rs 6.5 lakh crore in asset under management, had in February selected seven merchant bankers for a USD 1-billion IPO. But soon the markets turned volatile with the Russian invasion of Ukraine later in that month.
Prashant Jain, one of the world's longest serving fund managers, has hung up his boots after 31 years in the fund management business. Sumaira Abidi recounts the decisions that gave him legendary status within the industry.
He succeeds P C Kandpal, who has been posted as Deputy Managing Director (DMD)-(P&RE) at the Corporate Center, State Bank of India (SBI).