SBI MF Launches India And Vietnam MF

SBI Asset Management (SBIAM) a part of SBI Holdings, has established an investment trust called SBI India & Vietnam Stock Fund through an alliance with SBI Funds Management, a subsidiary of State Bank of India. SBIAM will act as fund manager and SBI Funds Management will be responsible for managing part of the assets to be invested in listed companies across India.

The asset of the fund will be invested primarily in stock issued by publicly owned companies in India and Vietnam. In Vietnam, SBIAM will manage the fund's investments, which will include direct holdings of stocks as well as investments in bonds that are linked to stock prices and in other instruments.

SBI Holdings plans to further expand collaboration with overseas partners in the field of asset management in India, Vietnam, China and other markets set for rapid economic growth. This collaboration, which might include equity investments in these partners, will further expand the global operations of the SBI Group.