Sbi Funds Management Private Limited (Mumbai)

Name: Sbi Funds Management Private Limited
Address: 9 Th Floor, Crescenzo, C 38 & 39, G Block,, Mumbai, 400 051
Telephone: 9122-6179-3000

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.