Amundi Launches New India Equity Fund with SBI FM
Funding | Mar 14, 2025 | Amundi
Amundi, Europe's largest asset manager, in collaboration with State Bank of India Funds Management (SBI FM), is launching a new investment fund named Amundi Funds – India Equity Contra. This fund is a part of the broader Amundi Funds and reflects a strong commitment to the Indian market by combining a top-down approach from Amundi with SBI FM's bottom-up analysis for the Indian equity market. The fund has a contrarian strategy aimed at Indian value stocks, focusing on those trading below intrinsic value. This initiative provides opportunities for investments in less explored stocks, away from main indices, enhancing the diversification for investors. The fund complements the existing Amundi Funds SBI FM India Equity strategy and enhances access to the fast-growing Indian equity market. The management of the fund will be conducted by senior portfolio managers from Amundi, with advisory input from SBI FM's equity head. Recognized as an Article 8 Fund under the EU's SFDR, the fund promotes environmental and social characteristics. It is already registered across 20 countries with plans for further expansion. Olivier Marie of Amundi and Dinesh Balachandran of SBI FM express optimism about the collaboration, emphasizing the potential the Indian market holds due to its economic transformation.
Sectors
- Asset Management
- Financial Services
- Sustainable Investment
Geography
- India – The fund targets the Indian equity market and involves SBI FM, a leading Indian mutual fund entity.
- Europe – Amundi, being the largest asset manager in Europe, is a crucial participant in the article.
Industry
- Asset Management – The article discusses the launch of a new fund by Amundi and SBI FM, both significant players in asset management.
- Financial Services – The partnership and fund launch by Amundi and SBI FM involve extensive financial services activities, including managing investments and fund strategies.
- Sustainable Investment – The fund is classified as Article 8 under the EU SFDR, indicating a focus on promoting environmental and social characteristics.
Financials
- $300 billion – Assets managed by SBI FM as of 31/12/2024.
- USD 4.9 billion – India-domiciled track record leveraging past performance.
- 2.0% per annum – Average outperformance of the existing India-domiciled strategy over the past decade.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Amundi | Private Equity Firm | Company | Amundi is Europe's largest asset manager, leading this new fund launch. |
| State Bank of India Funds Management (SBI FM) | Partner and Fund Manager | Company | SBI FM is the largest mutual fund player in India, co-launching the fund with Amundi. |
| State Bank of India | Parent Company | Company | The largest commercial bank in India, part-owner of SBI FM. |
| Thomas Yeung | Senior Portfolio Manager | Person | One of the senior managers handling the fund from Amundi. |
| Gwendolen Tsui | Senior Portfolio Manager | Person | Another senior manager handling the fund from Amundi. |
| Dinesh Balachandran | Head of Equity and Advisor | Person | Head of Equity at SBI FM, advising on the fund. |
| Olivier Marie | Head of International Partner Networks & Joint-Ventures | Person | Representative of Amundi commenting on the collaboration and fund launch. |