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  3. SBI MF Hits Record Rs 10.99 Lakh Cr AAUM In Q2FY25

SBI MF Hits Record Rs 10.99 Lakh Cr AAUM In Q2FY25

4 Nov 2024

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Key Takeaways

SBI Mutual Fund leads the industry with Rs 10.99 lakh crore AAUM, driven by strong retail inflows and a growing SIP base.


SBI Mutual Fund leads the industry with Rs 10.99 lakh crore AAUM, driven by strong retail inflows and a growing SIP base.


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SBI Fund Management

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Expert Analysis

SBI Mutual Fund Achieves ₹10.99 Lakh Crore AAUM In Q2FY25.

Expert Analysis:

  • Milestone Achievement: SBI Mutual Fund achieved an average asset under management (AAUM) of Rs 10.99 lakh crore in Q2 FY25.

  • Growth Rate: The fund recorded a CAGR of approximately 26% from FY19 to FY24, driven by a consistently expanding Systematic Investment Plan (SIP) base.

  • Market Position: SBI's AAUM exceeds competitors ICICI Mutual Fund (Rs 8.41 lakh crore) and HDFC Mutual Fund (Rs 7.59 lakh crore).

  • SIP Accounts and AUM: As of the latest AMFI data, the Indian mutual fund industry reported 9.87 crore SIP accounts, with an average AUM of Rs 68 lakh crore and a total AUM of Rs 67.09 lakh crore as of September 2024.

  • Significant Growth: The mutual fund sector has seen a sevenfold increase in assets under management, rising from Rs 9.59 trillion in September 2014 to Rs 67.09 trillion in September 2024.

Publisher:Business World