SBI Asset Management, in partnership with the State Bank of India’s SBI Funds Management subsidiary, has launched the SBI India & Vietnam Stock Fund.The two parties reached an earlier agreement last August to establish a $100 million venture capital fund to invest in private companies in India. The mutual fund just announced is their second joint venture.

The State Bank of India is the nation’s largest commercial bank in terms of assets, earnings, branches and employees. Dating back to 1806, it is also India’s oldest bank.

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