SBI Mutual Funds : Star fund manager Sohini Andani quits SBI Mutual Funds

SBI Mutual Funds

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SBI Mutual Funds : Sohini Andani of SBI Mutual Fund has been with the fund house since October 2007. Andani has been one of the tallest women fund managers in the Rs 50 trillion Indian mutual funds industry

Sohini Andani, fund manager at SBI Funds Management Ltd, India’s largest Mutual Fund (MF) house with assets under management (AUM) worth Rs 8.99 trillion, is set to step down. SBI Mutual Funds

Good vintage

Andani has been the fund manager of SBI Bluechip Fund (SBF) since September 2010 and SBI Magnum Midcap Fund (SMF) since July 2010. At an AUM of Rs 43,355 crore, SBF is India’s second largest actively managed large-cap fund. And, at Rs 16,459 crore, SMF is India’s fifth largest actively managed mid-cap fund. This also makes Andani one of the women fund managers who have been managing one of the largest amount of assets. SBI Mutual Funds

Star performer

Andani had joined the fund house in October 2007 as the head of research. She was appointed as a fund manager in May 2010. Andani comes with a good track record. SBF gave a return of 15.5 percent and 15.4 percent over the past 10-year and five-year period. SMF gave a return of 22.2 percent over the past three years, as against 21.4 percent by the category average.
SMF has also been a part of MC30; Moneycontrol’s curated basket of 30 investment-worthy MF schemes. SBI Mutual Funds

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