Economic TimesLean R·
Can SBI Funds IPO deliver long-term growth for high risk investors?
ET Intelligence Group: SBI Funds Management, the country's largest Asset Management Company (AMC) by assets under management, plans to raise ₹11,693 crore through an offer for sale. The promoter stake will fall to 88% after the IPO from 98%. SBIFM is expected to benefit from the increasing participation of households in the equity market and State bank of India's extensive branch network across India. However, its business is exposed to volatility in financial markets. As such, the issue appear…
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