- HDFC Asset Management Company (AMC) announced Navneet Munot as the new Managing Director & CEO. Munot, currently the Chief Investment Officer (CIO) at SBI Mutual Fund, will be succeeding the current MD Milind Barve.
- The fund management structure at SBI Funds Management will continue to remain the same as the company over a period of time has built a very capable second line with strong vintage.
- SBI Funds Management is the largest fund house in the country, managing assets of over ? 4.5 lakh crore, while HDFC MF has an asset base of ? 3.75 lakh crore.