SBI, Amundi plan IPO for SBI Mutual Fund

SBI, Amundi plan IPO for SBI Mutual Fund

State Bank of India (SBI) said on Wednesday it is planning an Initial Public Offering (IPO) for its mutual fund joint venture with French asset manager Amundi. The country’s biggest bank and Amundi could together sell 10% in SBI Funds Management – India’s largest mutual fund with assets under management (AUM) of ₹6.30 lakh crore – in the share sale.

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