SBI vs JioBlackrock: Battle for Dominance in Asset Management

In a direct retort to Jioblackrock's aggressive entry into the asset management arena, market giant SBI Mutual Fund has asserted its advantages, emphasizing a deep understanding of investor needs and competitive pricing.

DP Singh, Deputy Managing Director of SBI Mutual Fund, expressed optimism about the market expansion due to new players but underscored SBI's seasoned experience in the field.

Singh also announced a new specialized investment fund by SBI, named 'Magnum SIF', targeting long-term investors with a hybrid long-short strategy. This development comes as both companies vie for dominance in the evolving mutual fund market.

(With inputs from agencies.)