SBI MF crosses Rs 20,000 crore of assets under ETFs

MUMBAI: SBI Funds Management (SBIFM) is the first Indian asset manager to cross INR 20,000 crores of AUM in Exchange Traded Funds (ETF). SBIFM began the ETF journey with the launch of its first ETF, SBI – ETF Gold (earlier known as SBI GETS) in 2009. It now has five equity ETFs, one fixed income ETF and one commodity (gold) ETF. SBIFM was also the only ETF manager chosen for EPFO’s maiden allocation in equities. Other than EPFO, SBIFM has investments from over 800 exempt PFs across its product range.

“Over the years, SBIFM has created sophisticated architecture and risk management processes to ensure maintenance of low tracking errors. Both in terms of performance & expense ratio, SBIFM ETFs are extremely competitive.” said Mrs. Anuradha Rao, MD & CEO of SBI Funds Management.