SBI Funds Management Limited
Mumbai, India
Overview
About SBI Funds Management Limited
http://sbimf.comWith 30 years of rich experience in fund management, we at SBI Funds Management Limited (SBIFML) bring forward our expertise by consistently delivering value to our investors. We have a strong and proud lineage that traces back to the State Bank of India (SBI) - India's largest bank. We are a joint venture between SBI and AMUNDI (France), one of the world's leading fund management companies. A shareholder agreement in this regard has been entered on April 13, 2011, between SBI & AMUNDI Asset Management. Accordingly, SBI currently holds a 63% stake in SBIFMPL, and the 37% stake is held by AMUNDI Asset Management through a wholly-owned subsidiary, Amundi India Holding. Initially, this 37% holding was held by Societe Generale Asset Management S.A. (-SGAM-), a subsidiary of Societe Generale S.A (-SG-) which was transferred to Amundi in June 2011 with due approval of SEBI under SEBI (mutual funds) Regulations, 1996. AMUNDI Asset Management shall provide strategic support to the company.