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SBI FUNDS MANAGEMENT BECOMES THE FIRST INDIAN AMC TO CROSS 20K CRORES OF ASSETS UNDER ETFs

SBI Funds Management (SBIFM) which has crossed yet another milestone by being the first Indian asset manager to cross INR 20,000 crores of Equity AUMs in Exchange Traded Funds (ETFs) category.

SBIFM began the ETF journey with the launch of its first ETF, SBI – ETF Gold (earlier known as SBI GETS) in 2009. Since then, SBIFM has developed a diversified stable of ETF offerings across asset classes.

Currently, SBIFM has five equity ETFs, one fixed income ETF 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 Provident Funds 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 & expense ratio, SBIFM ETFs are extremely competitive.” said Mrs. Anuradha Rao, MD & CEO of SBI Funds Management.

“Tracking Error” is defined as the standard deviation of the difference between daily total returns of the underlying index and the NAV of the respective scheme. Lower tracking error benefits investors the most.

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