The year 2008 was a wake up call to SBI AMC, with the performance of its dominant funds such as Magnum Taxgain, Magnum Income and Magnum Contra, and its set of new fund offerings (NFO) in free fall. Four years since then, these funds are yet to fully recover from the beating, compared to peers and the markets. Not one for aggression, the fund house has found it difficult to regain its pre-2008 performance, which is also to do with changes in its fund management team.
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