The country’s biggest mutual fund – SBI Mutual Fund (MF) – appears set to grow to be the following mutual fund to get indexed at the inventory exchanges.

According to trade disclosure through State Bank of India (SBI), the government committee of its valuable board has given its approval to promote 6 percentage stake withinside the fund residence withinside the IPO.

The mutual fund’s JV accomplice Amundi, that is a French asset manager, additionally stated on December 15, 2021, that it intends to promote 4% stake withinside the IPO.

Once the IPO is released after regulatory approvals, it’s going to make the fund residence the 5th fund residence to get indexed at the bourses.

SBI MF manages Rs 5.seventy eight lakh really well worth of investor assets. SBI holds 62.6 percentage stake withinside the fund residence, at the same time as Amundi holds 36.eight percentage stake.

HDFC MF, Nippon Life MF, UTI MF and Aditya Birla Sun Life MF are the alternative fund homes which might be already indexed.

How have indexed MFs done this 12 months?

It has been combined inventory overall performance of mutual budget at the exchanges this 12 months.

UTI MF has been the top-acting MF inventory in present day 12 months with profits of 87 percentage. Nippon Life MF has received 17 percentage.

Aditya Birla Sun Life MF is down 19 percentage from its trouble price. HDFC MF is down 17 percentage in present day 12 months.

Birla Sun Life MF is the contemporary fund residence to get indexed, after its IPO changed into held among September 29 and October 1, 2021.