Corporate SBIMF achieves the largest ever active mutual fund launch in India

SBIMF, the joint venture between SBI, India’s premier and largest bank[1], and Amundi, Europe’s leading asset manager[2] launched the SBIMF Balanced Advantage Fund in August and achieved an all-time record for net sales for any new active Fund in the Indian market, raising over $2 billion in fourteen days[3].

The fund is a multi-asset fund which aims to provide investors with an opportunity for long term capital appreciation through the capture of the potential upside and limitation of the downside in volatile equity markets through the use of proprietary indicators.

This success comes on top of SBIMF’s outstanding development over the past 5 years, outpacing the market and becoming by far the leader in the Indian asset management industry, with a 15.7% market share in Mutual Funds and total assets of $178bn[4].

SBIMF has an asset management background dating back to 1987. Today, the joint venture brings together the extensive distribution capacity of SBI’s network in India with Amundi’s international experience.

Kumar Khara Dinesh

Chairman SB
With the launch of its innovative Balanced Advantage Fund, SBIMF has convinced over 140.000 new investors in a very short timeframe. SBI played a key role in this success through its capacity to leverage the extensive reach of its vast banking network and deep knowledge of the Indian investment market

Fathi Jerfel

Head of Retail Partners at Amundi
With this latest success, SBIMF confirms its undisputed leadership in the Indian asset management industry. Amundi is extremely proud to be SBI's strategic partner and to be associated with SBIMF's remarkable success.

Tonse Vinay

Managing Director and CEO of SBIMF
I would like to compliment and thank all the teams at SBIMF and partners as well as the consistent support of SBIMF's parent companies, who have made this latest fund launch such an outstanding success. I am confident that SBIMF has the potential to continue its impressive growth momentum by offering quality investment products and innovative investment solutions tailored to the needs of all Indian investors.
  1. Source Fortune Global 500 List, June 2021
  2. Source: IPE “Top 500 Asset Managers” published in June 2021, based on assets under management as at 31/12/2020
  3. Source: Computer Age Management Services (CAMS), a SEBI registered Registrar and Transfert Agency for Indian AMC as of 31 August 2021 (https://www.camsonline.com/about-cams/overview/overview)
  4. Association of Mutual Funds in India - AMFI 30.06.2021
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    10.07.2021 - PR - SBIMF achieves the largest ever active mutual fund launch in India

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A propos d'Amundi

Premier gérant d’actifs européen parmi les 10 premiers acteurs mondiaux1, Amundi propose à ses 100 millions de clients - particuliers, institutionnels et entreprises - une gamme complète de solutions d’épargne et d’investissement en gestion active et passive, en actifs traditionnels ou réels. Cette offre est enrichie de services et d’outils technologiques qui permettent de couvrir toute la chaîne de valeur de l'épargne. Filiale du groupe Crédit Agricole, Amundi est cotée en Bourse et gère aujourd’hui plus de 2 300 milliards d’euros d’encours2.

Ses six plateformes de gestion internationales3, sa capacité de recherche financière et extra-financière, ainsi que son engagement de longue date dans l’investissement responsable en font un acteur de référence dans le paysage de la gestion d’actifs.

Les clients d’Amundi bénéficient de l’expertise et des conseils de 5 600 professionnels dans 35 pays.

Amundi, un partenaire de confiance qui agit chaque jour dans l’intérêt de ses clients et de la société.

www.amundi.com    

Footnotes

  1. Source : IPE « Top 500 Asset Managers » publié en juin 2024 sur la base des encours sous gestion au 31/12/2023
  2. Données Amundi au 31/03/2025
  3. Paris, Londres, Dublin, Milan, Tokyo et San Antonio (via notre partenariat stratégique avec Victory Capital)

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