SBI Funds Management Pvt Ltd – Portfolio Management Services (PMS)

SBI Funds Management Ltd. (SBIFML) leverages 37 years of extensive fund management experience to consistently deliver investor value. Our heritage is closely linked to the State Bank of India (SBI), India's largest banking institution. SBIFML operates as a joint venture between SBI and AMUNDI (France), a globally recognized leader in asset management. The foundational shareholder agreement between SBI and AMUNDI Asset Management was established on April 13, 2011. Currently, SBI holds a 61.98% ownership in SBIFML. AMUNDI Asset Management, via its wholly-owned subsidiary Amundi India Holding, possesses a 36.40% stake, with other shareholders holding the remaining 1.62%. Initially, Amundi India Holding's shareholding was with Societe Generale Asset Management S.A. (“SGAM”), a subsidiary of Societe Generale S.A (“SG”). This stake was subsequently transferred to Amundi in June 2011, following necessary approvals from SEBI under the SEBI (Mutual Funds) Regulations, 1996. AMUNDI Asset Management will offer strategic guidance to SBIFML. SBI and AMUNDI Asset Management are committed to jointly developing SBIFML into an asset management company of international standing, by implementing global best practices and adhering to international standards.