- Positions itself as a House of Hybrids with its unique Hybrid offerings
- SBI Equity Hybrid Fund AUM approaches close to Rs 50,000 cr
- Hybrid funds best suited for first time and risk averse investors
SBI Mutual Fund India’s largest asset management company has witnessed record inflows from the tier II & III retail investors in its newly launched– SBI Balanced Advantage Fund. The fund house garnered almost 65% inflows from Tier II & III retail investors while the remaining from top 8 cities. The fund house’s other hybrid scheme – SBI Equity Hybrid Fund which is the industry’s largest equity oriented actively managed fund is approaching close to Rs 50,000 cr in AUM on the back of increased flows, robust increase in the SIP book and focus on digital onboarding of customers.
The SBI Debt Hybrid Fund is also the largest fund in its category.
SBI BAF raised the highest ever AUM for an NFO in the mutual fund industry in its recently concluded NFO and as of date it has crossed INR 20000 cr AUM in the fund on the back of consistent fresh inflows. Through this NFO, the fund house has reached out to 93% pin-code across with close to 4 lakh applications across India and added 1 lakh new PANs to its family of investors.
The fund house believes that Hybrid Funds are best suited both for first time and risk averse investors in the current scenario as Investors often miss doing proper asset allocation during a strong bull run in capital markets. Hybrid funds have a mix of different asset classes like equity, debt, and gold; to provide better risk-adjusted returns depending on the need and risk profile. Other than SBI Balanced Advantage fund, SBI Mutual fund has funds like SBI Equity Hybrid Fund, SBI Debt Hybrid Fund, SBI Equity Savings fund, SBI Multi Asset Allocation Fund and SBI Arbitrage Fund as its other Hybrid Fund offerings. This selection of funds gives investors a wide choice of investment options in the Hybrid Funds category according to their financial goals. SBI Equity Hybrid Fund AUM stands at Rs 48,651 cr as on date.