SBI Mutual Fund becomes 1st to reach ₹10 Trillion AUM Milestone!

SBI Mutual Fund has become the first asset management company in India to achieve the milestone of ₹10 trillion (₹10 lakh crore) in assets under management (AUM). This landmark achievement underscores the company's strong performance and investor confidence in its offerings. The significant growth in AUM highlights SBI Mutual Fund's ability to attract and retain investors, solidifying its position as the largest fund house in the Indian mutual fund industry.

credits: Business Standard

This milestone is particularly impressive given the overall size of the Indian mutual fund market, which had total assets of ₹43.2 trillion as of May 2024. Despite fluctuations in net inflows, SBI Mutual Fund's consistent performance and strategic expansion have driven its growth. The fund house's success is attributed to its diverse product offerings, extensive distribution network, and strong brand association with the State Bank of India​. Besides, debt mutual funds are also gaining traction due to low risks and guaranteed returns. Here are the 10 Best Fixed Income Mutual Funds you can explore!  

DP Singh, Deputy Managing Director and Chief Business Development Officer at SBI Mutual Fund, expressed optimism about the future growth trajectory, indicating that the fund house continues to see robust inflows through systematic investment plans (SIPs) and a strong presence in both urban and rural markets​.

Asset Under Management (AUM) is the total cumulative investment sum of a particular Mutual Fund. It represents the overall market value that the fund holds, combining the value of an asset and capital.

Generally, a mutual fund with a higher AUM indicates a large client base, meaning higher trust factor and that is a good thing. Secondly, the AUM can be used as a measure of liquidity.

As India grows into Mutual Fund investments, it will be interesting to see who follows SBI Mutual Fund from the likes of Nippon, Axis, HDFC, ICICI, Aditya Birla Sun Life, and many more!