New Delhi, July 11 (IANS) SBI Funds Management Ltd, whose Rs 11,693 crore initial public offering (IPO) opens on July 14, has dependence on assets under management (AUM), market volatility, concentration in a few mutual fund schemes, reliance on the SBI distribution network and regulatory changes among the key risks to its business, according to its Red Herring Prospectus (RHP).According to the company’s offer documents, its revenue and profitability are substantially dependent on quarterly aver…
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