Invest in SBI Mutual Fund Unlisted Shares - ₹10 Lakh Crore AAUM Milestone Explained!
SBI Mutual Fund has created such a blast with their FY24 results that it will leave you astonished!
First, there was the rocket launch of income with a 42% growth, increasing from 2,413 crores to 3,426 crores.
Then, the explosion of profit with a 54.7% growth, jumping from 1,340 crores to 2,073 crores, and the PAT margin also improved from 5% to 60.5%!
But there is a twist.
The twist is that SBI Mutual Funds’ total assets mobilized decreased by 6.7%, from 25,83,924 crores to 24,11,449 crores, and the market share also dropped from 17.7% to 16.9%.
The decrease in AUM is a concern, but the overall results are quite explosive. So, if you want to invest in SBI Mutual Funds Unlisted Shares, pick up the phone and call Planify to make your money fly.
About SBI Mutual Fund Pre IPO Shares:
SBI Mutual Fund is India's largest wealth management company. SBI mutual fund owns more than 200 schemes of mutual funds and provides an opportunity for the investor to invest in these schemes. The schemes offered by SBI Mutual Fund include equity funds, debt funds, hybrid funds, and solution-oriented funds, among others. As of FY23, The company manages ~Rs 7lakh crore AUM, where the market shares increased by 0.84% yearly in FY23 from 16.9% to 17.7%. Net inflows for SBIMF comprise ~33.2% of the industry’s new net inflows during the year.
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