SBI Mutual Funds AUM grows by 39% in Bengaluru

BENGALURU: SBI Mutual Fund today said its assets under management (AUM) in Bengaluru have grown by around 39% from Rs. 5,659 crores to Rs. 7,857 crores between March and September 2016.

The overall AUM stands at around Rs. 1,34,000 crore as of September 2016.

The fund house has also inaugurated a new branch in Bengaluru at Jayanagar.

“The new branch will not only provide state or the art services to investors making it a convenient and hassle free experience for them to invest. Bengaluru has emerged as an important business hub for SBI MF in South and we aim to increase our market share over the next few years,’’ says D. P. Singh, Executive Director and Chief Marketing Officer, SBI MF.

In Bengaluru, apart from Jayanagar, SBI MF has an office at Museum Road.