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SBI Funds Management (SBIFM) on Wednesday said it has become the country’s first asset manager to cross ₹20,000 crore of AUM in exchange-traded funds.
The company began the ETF journey with the launch of SBI-ETF Gold (earlier known as SBI GETS) in 2009. Since then, it has developed a diversified stable of ETF offerings across asset classes.
Currently, SBIFM has five equity ETFs, one fixed income and one commodity (gold) ETF. SBIFM was also the only ETF manager chosen for EPFO’s maiden allocation in equities.
Other than EPFO, SBIFM has investments from over 800 exempt PFs across its product range. “Over the years, SBIFM has created sophisticated architecture and risk management processes to ensure maintenance of low tracking errors. Both in terms of performance and expense ratio, SBIFM ETFs are extremely competitive,” SBI Funds Management Managing Director and Chief Executive Anuradha Rao said.
SBIFM was also the only ETF manager chosen for EPFO’s maiden allocation in equities
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