SBI MF's AUM crosses Rs 20k cr mark

MUMBAI: SBI Mutual Fund on Thursday said it has crossed Rs 20,000-crore mark in assets under management (AUM) as at end-June.

The AUM of SBI MF stands at Rs 20,272 crore as on June 30 and is ranked sixth among existing fund houses, a release stated.

Commenting on the milestone achieved, Syed Shahabuddin, Managing Director and CEO, 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."

SBI MF has an investor base of over 35-lakh spread over 40 schemes.