Tag: sbi mutual fund

SBI Mutual Fund, India’s largest mutual fund asset manager, has waved the red flag on the country’s stock market. The asset manager, which manages assets worth more than Rs 5 lakh crore, is concerned over the prospects of returns from the Indian equities going ahead, because of the euphoria on display in the primary market and among retail investors. “Primary market activity is flashing warning signs. Such level of activity is normally associated with euphoria (in the market),” Dinesh Balachandran, fund manager at SBI Mutual Fund said at the launch of the SBI Balanced Advantage Fund yesterday(11th August 2021). Read more

SBI Mutual Fund, went all out to buy shares of corporate banks in March, as valuations came down to historic lows amid the market mayhem. The biggest addition to the portfolio in March was the State Bank of India, as the money manager bought 3.62 crore shares of the country’s largest lender. SBI MF also added 2.77 crore shares of ICICI Bank, 1.84 crore shares of Axis Bank and 1.55 crore shares of HDFC Bank. SBI MF’s other major buys included 2.63 crore shares of Indian Oil, 2.62 crore shares of ITC, 1.72 crore shares of GAIL, 1.38 crore shares of NTPC and Coal India each. Energy stocks have seen a lot of activity recently after crude oil prices crashed to nearly 30-year lows due to price war among global oil producers.