CEO: SBI Mutual Fund safest among products in market

| | Bhopal
  • 0

CEO: SBI Mutual Fund safest among products in market

Thursday, 06 December 2018 | Girish Sharma | Bhopal

Ashwani Bhatia, Managing Director and CEO of the SBI Mutual Fund, said that there has been 27 per cent growth in the industry in past four years, while the growth of banking sector is only 12 to 15 per cent.

While talking to ‘The Pioneer’ here on Wednesday, Bhatia said that with the growth in the economy, financial sector grows maximum and mutual fund grows with fast pace.

This is global trend. With the increase in financial literacy, people would move away from bank to asset management, he added.

To a query, Bhatia said that SBI Mutual Fund is the safest among other products in the market.

He further said, “We believe in ‘SLR’- Safety, Liquidity and returns. Customers are quite happy with us. We have an extensive research, which is the best.”

He stated that at present there are 12 branches of the SBI Mutual Fund in Madhya Pradesh and Chhattisgarh and soon we would have two more branches.

We “believe that the places where the SBI have regional offices, there should be our office,” he added.

Talking about his companies much sought after schemes, Bhatia stated that SBI Bluechip, SBI Small Cap and SBI Focused equity are quite popular among the customers and with this SIP flow is increasing fast.

We hope that in next two years, IPOs would the SBI Mutual Fund would be issued.

The conventional investment practice was in gold and real estate. But the mutual fund is the fastest growing market now and people are going away from the conventional methods.

There are several benefits of the mutual funds including taxation, indexation and capital appreciation, he said, adding that the SBI Mutual Fund has strong distribution network in the country. Recently, the company has added 6,600 new Independent Financial Advisors (IFAs), he added.

State Editions

Cyber tech new weapon of anti-nationalists: Naidu

17 December 2018 | IANS | Chandigarh

Mentally healthy or mentally ill ?

17 December 2018 | Dr Sona Kaushal Gupta | Dehradun

Spooky, Spine Chilling Tales from the Garhwal Himalayas

17 December 2018 | JASKIRAN CHOPRA | Dehradun

Ensure more price for paddy: Saryu Roy

17 December 2018 | PNS | Ranchi

One protesting para-teacher dies

17 December 2018 | PNS | Ranchi

Sunday Edition

A star is reborn

16 December 2018 | UMANG AGGARWAl | Agenda

Barabati Fort Where the stones speak

16 December 2018 | Somen Sengupta | Agenda

A dignified voice against patriarchy

16 December 2018 | Gautam Mukherjee | Agenda

Waiting for the sun to rise

16 December 2018 | UMANG AGGARWAl | Agenda

The changing face of Delhi

16 December 2018 | Excerpt | Agenda

Technology meets border security

16 December 2018 | SRINATH RANGARAJAN | Agenda