SBI MF confident of IPO despite volatilities; aims to double foreign book in 3 years

SBI Mutual Fund has fixed a price band of Rs 545-574 per share for its IPO, with management expressing confidence in the issue despite volatile markets. The fund house, with an overall AUM of over Rs 13 lakh crore, plans to double its international book from USD 2.5 billion to USD 5 billion in three years, alongside reducing EPFO money share in AUM to over Rs 3 lakh crore. The issue is among the largest recent IPOs, set to be followed by mega issuances from NSE and Jio Platforms.