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SBI Funds Management Private Limited

PRI reporting framework 2020

You are in Direct - Listed Equity Active Ownership » Overview

Overview

LEA 01. Description of approach to engagement

New selection options have been added to this indicator. Please review your prefilled responses carefully.

01.1. Indicate whether your organisation has an active ownership policy (includes engagement and/or voting).

01.2. Attach or provide a URL to your active ownership policy.

01.3. Indicate what your active engagement policy covers:

General approach to Active Ownership

Engagement

Voting

01.4. Do you outsource any of your active ownership activities to service providers?

01.6. Additional information [optional]

Regarding the Stewardship Code: India does not have a National Stewardship Code, however, the capital markets regulator SEBI has mandated the adoption of the Stewardship Code for all Mutual Funds and Alternate Investment Funds from April 1, 2020. SBIFMPL has already adopted the Stewardship Code in Feb 2020.

For Proxy Voting decision making process, SBIFMPL has subscribed to services offered by two domestic unaffiliated third-party research firms to receive analyses and recommendations on the shareholder meetings of companies. These analyses are reviewed and studied before taking a final voting decision. However, the Proxy Voting Committee may not agree with the recommendations. In any situation, the decision of the Committee is regarded as final.

 


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