Solutions we provide
SBI-SG provides end-to-end Fund Accounting service offering to Mutual Funds, Alternative Investment Funds (AIFs), Portfolio Management Services (PMS) and to funds domiciled outside India investing in India through the Foreign Portfolio Investment (FPI) route.
We service our clients through Multifonds, the leading mutual funds and hedge fund administration platform. Presently, SBI-SG is the only India based entity to have procured the license of Multifonds. Multifonds is a leading software provider catering to fund administrative activities covering 25 jurisdiction countries across Asia, Europe and North America and catering to different accounting rules, valuation norms and various tax structures. This is a highly scalable and parameterised application that significantly reduces the operating time and minimises the lead time to implement any regulatory and client level changes. We have further enhanced this system including tailor made customisation – ensuring you benefit from the best technology and reporting capabilities.
Our team with over 300 man-years of experience will assist you in accounting for all types of funds like Mutual funds, Fund of Funds, Venture Capital, Angel Funds, REITs, InvITs. More than 70% of our employees are professionally qualified with CA, MBA, FRM, ICWA or Masters in Commerce.
We service funds domiciled in India to the highest standards of administration, valuation and reporting. Your relationship is managed by dedicated operational contact that delivers bespoke, end-to-end services. Through our joint venture with Societie Generale, we offer global fund accounting solutions for offshore funds domiciled in other countries including sharing of best practices followed in the developed markets.
We at SBISG, customize our service offering to meet your requirements and needs which will assist your growth and investment management.
We bring in rich expertise and service excellence through strong management team with relevant domain expertise, follow risk-oriented approach with robust quality control measures and strong audit framework.
SBI-SG combines the banking and foreign exchange expertise of State Bank of India (SBI) with the operational and risk management proficiency of Societe Generale Securities Services (SGSS) to offer high quality Fund Accounting Services to domestic and foreign clients. We serve domestic and global clients which includes:
- Mutual Funds
- Alternative Investment Funds
- Venture Capital Funds
- PMS Funds
- Pension, Gratuity and Provident Funds
Assets serviced under Fund Administration have rapidly grown since the inception of the company in 2010 to INR 900,000 crore (as at Jan, 2022).