Archive · 24 Jul 2026
SBI Mutual Fund CEO Predicts MF-PMS Growth
DP Singh, the Joint CEO of SBI Mutual Fund, spoke at the SIF360 Bharat Summit 2026 in Mumbai.
He talked about a new proposal by SEBI called MF-PMS, which allows investing in mutual funds, ETFs, and specialized investment funds (SIFs).
Singh believes this new framework could help SIF assets grow to Rs 1 lakh crore in the next 3-6 months.
He thinks it will also attract more millennial investors by making it easier for them to invest.
Singh also mentioned that the new framework could make investing more tax-efficient and help grow the number of portfolio managers in India.
He is optimistic about the future of SIFs and believes they will become more popular among investors.
DP Singh, Joint CEO of SBI Mutual Fund, spoke at the SIF360 Bharat Summit 2026 in Mumbai.
SEBI proposed a new MF-PMS framework to invest in mutual funds, ETFs, and SIFs.
Singh predicts SIF assets could reach Rs 1 lakh crore in 3-6 months.
The new framework aims to attract millennial investors by reducing the gap between investors and product manufacturers.
Singh believes the MF-PMS category can boost non-EPFO PMS assets and increase the number of portfolio managers in India.
- Who
- DP Singh, Joint CEO, SBI Mutual Fund
- What
- Proposed MF-PMS framework by SEBI
- When
- During the SIF360 Bharat Summit 2026
- Where
- Mumbai
- Why
- To boost SIF assets and attract millennial investors
Optimistic View
Cautious View
Potential Growth of SIF Assets
Optimistic View
DP Singh believes SIF assets could reach Rs 1 lakh crore in 3-6 months due to the new MF-PMS framework.
Cautious View
Some may argue that achieving such rapid growth is ambitious and may face regulatory or market challenges.
Attracting Millennial Investors
Optimistic View
Singh is optimistic that the new framework will attract millennial investors by reducing the gap between investors and product manufacturers.
Cautious View
Skeptics might question whether millennials will be sufficiently interested in these financial products.
- Speaker
- DP Singh, Joint CEO, SBI Mutual Fund
- Event
- SIF360 Bharat Summit 2026
- Location
- Mumbai
- Proposed Framework
- MF-PMS (Mutual Fund-only PMS)
- Potential Growth
- SIF assets could reach Rs 1 lakh crore in 3-6 months
- Current PMS Assets
- Rs 43 lakh crore
- Non-EPFO PMS Assets
- Rs 9 lakh crore