Mumbai, November 16th 2020 (GPN): SBI Funds Management Pvt Ltd (SBIFMPL) today said its Chief Investment Officer (CIO), Mr. Navneet Munot has decided to leave the organization to pursue other opportunities.
Mr Vinay Tonse, MD & CEO, SBI Funds Management Pvt Ltd, while commenting on this development said: “Navneet has been part of this team of skilled and experienced senior fund managers and has overseen many of their achievements. We value his contribution to the organization and wish him the best in all his future endeavours. We are a process-oriented organization and have one of the most competent investment teams in the industry. Our robust fund management processes have been highly valued by our investors and distributors’’
The fund management structure at SBIFMPL will continue to remain the same, as the company over a period of time has built a very capable second line with strong vintage.
SBIFMPL is the largest fund house in the country managing assets of over Rs 4,50,000 crores (overall assets under management is over Rs 12,00,000 crores). SBIFMPL is a signatory to the CFA Institute’s Asset Manager Code of Conduct and the United Nations Principles for Responsible Investment (PRI). SBIFMPL also confirms compliance with the Global Investment Performance Standards (GIPS®️) and is the first fund house in India to have published its Integrated Annual Report, two years in succession.
SBIFMPL has also been a pioneer in ESG investing in India. The Stewardship Code, which has been adopted and implemented well before the initial SEBI deadline of April 1, 2020; highlights the stewardship responsibilities undertaken by the fund house to actively monitor, engage with and intervene, if needed, in the companies under its coverage.
The Stewardship Code gives an insight into the AMC’s strong ESG integration initiatives and firm resolve to take decisions in the best interest of its unit holders. ENDS
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