DP SINGH SBI MF
SBI Automotive Opportunities Fund: Is it time to capitalise on opportunities in the world's 3rd largest auto market?
SBI Automotive Fund, managed by Tanmaya Desai and Pradeep Kesavan, offers high exposure to automotive stocks. Experts from WealthMills Securities recommend considering the fund for high-risk appetite investors.
This MF category is safer than other equity-oriented peers, offers better return than FDs
Equity Savings Funds (ESF) offer safer investment opportunities with potential for higher returns than Fixed Deposits (FDs). They invest in multiple asset classes, including equity, debt, and arbitrage opportunities, providing tax efficiency. ESFs also exploit price differentials in various markets for consistent returns.
SBI Mutual Fund launches SBI Automotive Opportunities Fund
SBI Mutual Fund has introduced the SBI Automotive Opportunities Fund, an open-ended equity scheme centered around automotive and allied business activities. The New Fund Offer (NFO) for this scheme will be available for subscription from May 17 to May 31.
Energy sector going to benefit post Budget; invest in growth of country: DP Singh, SBI MF
DP Singh says the government has shown great fiscal discipline in this budget, with efficient parameters in terms of inflation, borrowing, and tax compliance. There are pleasant surprises in store for taxpayers, as the government aims to create an ecosystem for employment generation and growth in the private sector. The income tax revenue will be a major chunk for the government, but they are also focused on reducing subsidy budgets.
SBI Mutual Fund eyes Rs 500 crore from new fund
SBI Funds Management is a joint venture between State Bank of India and Amundi, the largest European asset manager. It leads the market with an assets under management (AUM) of over Rs 8.50 lakh crore as of December 2023.
ASK Automotive raises Rs 250 cr from anchors; IPO opens today
Morgan Stanley Asia (Singapore) Pte, Copthall Mauritius Investment Ltd, BNP Paribas Arbitrage, Societe Generale, Goldman Sachs Fund, SBI Life Insurance Company, ICICI Prudential Life Insurance Company, Bajaj Allianz Life Insurance Company, Nippon India Mutual Fund (MF), Tata MF and Edelweiss MF are among the anchor investors.
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B30 cities contributing almost 17% of SBI MF's AUM: Joint CEO
“There is a perception that there is no need to differentiate the professional young women by gender because they are already as empowered, as knowledgeable as anybody else. Their risk appetite or behaviour is as good or as bad as any other investor will have. The mutual fund products are the most democratized products representing anybody who has been putting Rs 500 crore or somebody who is doing an SIP of Rs 500 ”
Mirae Asset Mutual Fund launches Mirae Asset S&P BSE Sensex ETF. Should you invest?
The performance of the scheme will be benchmarked against S&P BSE Sensex TRI (Total Return Index). The scheme will be managed by Ekta Gala and Vishal Singh.
What will be the important pillars that will take the India story ahead? DP Singh answers
So that is something which gives me a lot of confidence. And the kind of self-confidence which I see in a normal Indian today, in a common man today, it speaks the story of India's growth so that gives me confidence that after 66 years we are really-really financially independent.
Optimism in Indian equity markets at a heightened level: D.P. Singh, SBI Mutual Fund
"Only time can tell if this rally will sustain. The way that the monsoon progresses, inflation behaves and global growth shapes up, and the manner in which it affects Indian businesses are a few important factors. Then there are the unknowns that can change the trajectory of the markets in either direction," says D.P. Singh.
SBI Mutual Fund AUM crosses Rs 8 lakh crore-mark; eyes Rs 10 lakh crore-milestone soon
"We've added Rs 90,000 crore to our March 2023 AUM, when it was Rs 7.10 lakh crore, taking the total assets under our management to over Rs 8 lakh crore. In fact, we crossed the milestone yesterday," DP Singh, deputy managing director and chief business development officer, told PTI on Tuesday.
Govt, Sebi want to get good quality capital into the market: DP Singh
And for that, whatever is likely to be done will be good for the industry and good for everyone. I am sure so many good things are in the open and the industry will continue to grow as it is growing now.
SIP closures rise 7.4 percent month-on-month in May
The higher number of SIP registration than discontinuation shows investors' continued confidence in the route, DP Singh, Deputy MD and CBO at SBI Mutual Fund, said.
How is Sebi asking AMCs to use Investor Education Fund? DP Singh explains
I am sure looking at all angles from this thing, from the investor point of view, from the industry point of view, from the intermediary point of view and more than anything else keeping in view the growth of the industry, I think the final whatever will come will be for the benefit of everybody.
Fixed deposit rates are likely to rise even more; Should you wait for higher FD rates?
RBI monthly bulletin released in March has indicated that only a part of 250 bps repo rate hike has been transmitted to retail FD interest rate so far. The bulletin also stated that going forward there will higher competition among banks to attract deposits which will propel the FD rates further up. The most of the FD rate increase has been limited to 1-3 year tenure however going forward long term FDs may also offer higher rates.
Despite rising per capita income, SIP ticket size hasn't moved much in last 5 years: DP Singh, SBI MF
The Deputy MD of SBI MF, DP Singh, says that the SVB crisis in India will have a minimal impact on the Indian economy, and that the future is bright. Singh also says that the Indian economy is doing well, and that credit is improving. He says that the decoupling of the Indian economy from the US economy is no longer possible and that Indians are investing outside of India.
India setting up $4 billion fund to backstop corporate debt market
According to a regulatory official, the government will provide a credit line to ensure funds have liquidity equivalent to Rs 30,000 crore
India setting up $4 billion fund to backstop corporate debt market
SBI Mutual Fund, a unit of India's largest state-owned lender, State Bank of India, has been tasked with administrating the backstop fund, which was first proposed by the Securities and Exchange Board of India (SEBI) in 2020 after high-profile defaults rocked the domestic debt market.
Target maturity funds a big draw as rates tighten
Total assets under management of target maturity funds (TMF) were at ₹1.15 lakh crore in August, or 8.8% of total debt AUM, show data compiled by Crisil. The AUM stood at ₹12,500 crore at the start of 2020 when the fund concept was formalised.
It is Bharat which is getting us money in our funds, says SBI Mutual's DP Singh
“Nifty, Sensex and midcap whatever my allocation is there in the passive portions. If I got Rs 100, I will allocate Rs 30 to Rs 40 overall into the passives; remaining I will keep in the actives because I still firmly believe that active will continue to outperform the index funds.”
SBI Mutual Fund collects Rs 8,095 crore through multicap fund NFO
Market regulator Sebi had last year redefined the multicap category, and SBI MF had launched its offering in line with the new norms, Singh said, expressing satisfaction with the investor response.
SBI MF to distribute Rs 985 crore to Franklin unitholders this week
SBI Mutual Fund will distribute the eighth tranche of Rs 985 crore to unitholders of Franklin Templeton Mutual Fund's six shuttered schemes, from Monday.
SBI Balanced Advantage Fund got more money from smaller towns: DP Singh
“This is not at all a metro centric fund, but it is the other way round. More money has come from the smaller towns than the bigger cities.”
SBI to start monetising assets of Franklin MF's shut schemes next week
“Many securities in the portfolio are fairly liquid. The environment has changed as compared to last year, which will ease monetisation,” says Kirtan Shah, CFP, Sykes and Rays Securities.
SBI MF targets to collect Rs 2,000 cr from retirement scheme
SBI Mutual Fund, the largest asset manager on Tuesday said that it is targeting to raise up to Rs 2,000 crore from investors through a newly launched scheme which will help create a retirement corpus.
Mutual funds asset base rises 7.6% to Rs 29.71 lakh crore in Dec qtr
The AAUM of December quarter is higher compared to the preceding quarter due to surge in equity markets.
Mutual funds asset base rises 12% to Rs 27.6 lakh cr in Sep quarter
Mutual funds' asset base rose by 12 per cent to Rs 27.6 lakh crore in the quarter ended September 30 mainly due to appreciation in the value of their existing holding in equity-oriented funds.
At Rs 4,000 cr, equity MF outflows in August highest since Mar ’16
Equity mutual funds saw highest monthly outflows in four-and-a-half years in August as investors uncertain about the near-term market prospects continued to redeem from these products. These schemes saw net redemptions to the tune of ₹4,000 crore in August after ₹2,480 crore in July 2020.
Cut out the noise. Now’s the time to add more to your equity SIPs
Investors who have SIPs should not panic and stop their investments.
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