The SBI Mutual Fund Trustee Company Private Limited was set up as a trust under the Trust Act of 1882. This Trust controls the SBI Mutual Fund, one of India’s largest and oldest MFs. The SBI Mutual Fund is a Joint Venture (JV) between one of India’s largest and most profitable banks, the State Bank of India, and Amundi, which is a French asset management company.

The SBI Mutual Fund was set up on June 29, 1987 and was incorporated on February 7, 1992. It was India’s second Mutual Fund after the Unit Trust of India started operations in 1963. In July 2004, SBI decided to divest 37% of the Fund and roped in Amundi as a partner.

Amundi is an asset management major created jointly by Crédit Agricole and Société Générale.

SBI MF has many firsts to its name. It was the first Indian Mutual Fund player to launch a ‘Contra’ fund, called the SBI Contra Fund. In 2013, SBI Mutual Fund India acquired Daiwa Mutual Fund, part of the Daiwa Group of Japan.

SBI Mutual Fund is the first in India to launch an ESG Fund. An acronym for Environment, Social and Governance, the fund provides resources for sustainable investment in major markets.

In 2015, the Employees’ Provident Fund of India invested Rs 5,000 Crore for the first time in a Mutual Fund in India via SBIMF Sensex ETFs or Exchange Traded Funds.

As of March 2023, the SBI Mutual Fund manages assets worth Rs. 7.22 lakh crores. In early 2019, it moved past Aditya Birla and HDFC Mutual Funds to emerge as the 3rd largest Mutual Fund body in India based on Assets under Management or AUM.

The SBI MF is registered with the Securities and Exchange Board of India or SEBI.

SBI Mutual Fund

Documents required to invest 

The documents for KYC (Know Your Client) include proof of address and proof of identity. Here is a list of officially valid documents (OVD) admissible.

PROOF OF IDENTITY

• PAN Card (Mandatory)
• Voter ID Card
• Driving License
• Passport
• Aadhaar Card
• Any other valid identity card issued by Central or State Government

PROOF OF ADDRESS

• Voter ID Card
• Driving License
• Passport
• Ration Card
• Aadhaar Card
• Bank account statement or bank passbook
• Utility bills like electricity or gas bills

Customer Care Details

For any query regarding any schemes offered by SBI Mutual Fund, please contact at the following address:

Top SBI Fund Managers

1. Mr. Ashwani Bhatia

Mr. Ashwani Bhatia began his illustrious career with the State Bank of India as a Probationary Officer in 1985. Currently, he is the Managing Director and CEO of SBI Mutual Funds, having joined the SBI Mutual Funds Management Board in July 2018. Over the years, Mr. Bhatia has amassed extensive experience in credit, treasury, international banking, and retail. Notably, he played a key role in the revamping of SBI’s Corporate Credit Structures while serving as Chief General Manager. He also significantly contributed as Chief General Manager of the SME (Small and Medium Enterprises) sector within the bank.

2. Mr. Nicholas Simon

Since 2015, Mr. Nicholas Simon has served as the Deputy CEO of SBI Mutual Fund Group, on deputation from the Amundi Group of France. With a Post Graduation in Law from Pantheon-Assas University in Paris and a Master of Business Management from the Toulouse School of Business, Mr. Simon represents Amundi’s interests on the board. His extensive international banking experience includes roles such as CEO of Real Estate and CAAM for Real Estate at Amundi Group, and positions at Henderson Real Estate and Generali Real Estate. His tenure as Deputy CEO of SBI Life Insurance highlights his expertise in market trends, inflation control, and competitive strategy.

3. Mr. R. S. Srinivas Jain

With nearly 20 years at the State Bank of India and over 30 years in financial services, Mr. R. S. Srinivas Jain is currently the Executive Director & Chief Marketing Officer of Strategy and International Business at SBI Mutual Funds. A Commerce graduate from the University of Bangalore with a background in Cost Accountancy, Mr. Jain has driven SBI Mutual Fund’s market dominance. Under his leadership, SBI Mutual Fund has received multiple accolades, including consecutive ‘Most Preferred Brand’ awards from CNBC Awaaz and recognition from Reader’s Digest as a top investment management destination.

4. Mr. D.P. Singh

Mr. D.P. Singh, the Executive Director & Chief Marketing Officer of SBI Mutual Funds’ domestic business, has been with SBI since 1998. Holding a Post Graduate degree in Commerce and a Post Graduate Diploma in PMIR, Mr. Singh has made significant contributions to SBI Mutual Fund’s reach across both rural and urban demographics. His efforts have been crucial in SBI’s ventures into retail banking and information technology.

5. Ms. Aparna Nirgude

Ms. Aparna Nirgude, Chief Risk Officer at SBI Mutual Funds, has been with the organization since 2005. An alumna of the Jamnalal Bajaj Institute of Management Studies, she previously served as Research Head and managed the Investment Management section of top SBI Mutual Funds. Her expertise in risk management has been pivotal in ensuring the stability and growth of SBI Mutual Funds.

6. Mr. Rahul Mayor

Mr. Rahul Mayor, the Chief Investor Relations Manager at SBI Mutual Fund, brings over 19 years of experience in retail banking, analytics, business management, investor relations, and distributor value propositions. With a PGDM in Finance, Mr. Mayor joined SBIMFPL in 2017. His previous roles at Franklin Templeton Asset Management and Sundaram Asset Management Company Limited have endowed him with deep insights into the global mutual funds market, which he now applies to benefit SBI Mutual Fund.

These leaders, with their diverse backgrounds and extensive experience, have collectively shaped SBI Mutual Fund into a formidable player in the investment market.