Sbi Funds Management Private Limited (Mumbai)


Sbi Funds Management Private Limited is a large advisory firm based in Mumbai. It manages $6.01 billion of regulatory assets for 254 client accounts. It has been registered with the SEC as an adviser since 2007.

Sbi Funds Management Private Limited provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm also engages as investment management company.

Sbi Funds Management Private Limited: assets under management

The assets under management (AUM) of Sbi Funds Management Private Limited is $6.01 billion. The firm's AUM has grown by 102% since the beginning of its operation, and $6.01 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $236.71 million in discretionary accounts and $5.77 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $943.09 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.92 billion.

Investments

The firm invests in investment grade corporate bonds the most. They account for 46% of the total AUM. The second-largest asset type is sovereign bonds, which make up 37% of the firm’s portfolio. Investments in exchange traded securities form 16% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sbi Funds Management Private Limited for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Sbi Funds Management Private Limited serves?

The firm provides services to high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Sbi Funds Management Private Limited is corporations or other businesses with 13 clients and $113.99 million of assets under management. Among the 7 most similar advisory firms, Sbi Funds Management Private Limited has the 3rd highest percentage of corporations or other businesses out of all clients.

The amount of regulatory assets under management is $165.4 million for 250 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 100% of the firm’s clients are foreign persons or businesses.

Sbi Funds Management Private Limited doesn't advise any private funds.

Careers at Sbi Funds Management Private Limited

The company employs 1,980 people that are either part- or full-time employees. 3 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Navneet Munot has served as the Chief Investment Officer since 1 Dec 2008 and Syed Shahabuddin is the Chief Executive Officer of Sbi Funds Management Private Limited family office. Naveen Kumar Jha joined the executive team most recently as the Chief Operating Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
State Bank Of India Beneficial owner 1 Jan 1989 50% - 75% n/a
France Amundi Asset Management Beneficial owner 1 Jan 1989 25% - 50% n/a
France Societe Generale Asset Management Beneficial owner 1 Jan 1989 25% - 50% n/a
Sethuram Iyer Neelakantan Chief information officer 1 Jan 2003 Other 5279677
Didier Turpin Deputy chief executive officer 1 Jan 2005 Other 4457148
Srinivas Jain Ramapura Sundarraj Chief marketing officer 1 Feb 2005 Other 5279890
Achal Kumar Gupta Chief operating officer 1 Nov 2005 Other 5279670
Syed Shahabuddin Chief executive officer 1 Nov 2006 Other 5279674
Didier Turpin Chief compliance officer 1 Jan 2007 Other 4457148
Ashutosh P Vaidya Chief compliance officer 1 Jan 2007 Other 5279666
Ashutosh Pramod Vaidya Chief compliance officer 1 Jan 2007 Other 5279666
Navneet Munot Chief investment officer 1 Dec 2008 Other 5846672
Vinaya Datar Chief compliance officer & company secretary 1 Jan 2009 Other 5846675
K T Ravindran Chief operating officer 1 Aug 2010 Other 5846674
Deepak Kumar Chatterjee Managing director & ceo 1 Jan 2011 Other 5882627
Amundi India Holding Beneficial owner 1 May 2011 25% - 50% n/a
Philippe Lucien Batchevitch Deputy chief executive officer 1 Jul 2011 Other 5455141
Srinivas Jain Ramapura Sundarraj Executive director & chief marketing officer ( strategy & international business) 1 Nov 2012 Other 5279890
Navneet Munot Executive director & chief investment officer 1 Nov 2012 Other 5846672
Devinder Pal Singh Executive director & chief marketing officer 1 Nov 2012 Other 6218472
K T Ravindran Executive director & chief operating officer 1 Nov 2012 Other 5846674
Dinesh Kumar Khara Managing director & ceo 1 Nov 2013 Other 6364495
Arun Agrawal Chief operating officer 1 Jan 2015 Other 6516248
Pattabhiraman Lakshmanan Executive director & chief operating officer 1 Aug 2015 Other 6675654
Nicolas Simon Deputy chief executive officer 1 Nov 2015 Other 6675650
Anuradha Rao Managing director & ceo 1 Aug 2016 Other 6758579
Kanhaiyalal Agarwal Chief operating officer 1 May 2017 Other 6825793
Binod Kumar Mishra Chief operating officer 1 Nov 2017 Other 6981802
Ashwani Bhatia Managing director & ceo 1 Aug 2018 Other 7147933
Naveen Kumar Jha Chief operating officer 1 Jun 2019 Other 7147935

Indirect Owners

The SEC currently registers 7 indirect owners.

Name Entity Date acquired Ownership Employer ID
Amundi Indirect owner 1 Jan 1989 25% - 50% n/a
Government Of India Indirect owner 1 Jan 1989 50% - 75% n/a
Societe Generale Group Indirect owner 1 Jan 1989 75% - 100% n/a
Reserve Bank Of India Indirect owner 1 Jan 1989 50% - 75% n/a
Amundi Shareholder 1 May 2011 75% - 100% n/a
Amundi Asset Management Shareholder 1 May 2011 75% - 100% n/a
Credit Agricole Sa Shareholder 1 May 2011 50% - 75% n/a

Based in Mumbai

The principal office where Sbi Funds Management Private Limited performs its advisory services is located at 9 Th Floor, Crescenzo, C 38 & 39, G Block,, Mumbai, 400 051 The mailing address of the firm is C/O Thompson Hine Llp, New York, NY 10017 4611. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number 9122-6179-3000 or by fax 9122-6742-5687. The normal business hours are 9:00 am - 6:15 pm on Monday - Friday. You can find more information about the New York firm at sbimf.com.

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