INDIACSR News Network
MUMBAI: On the occasion of World Environment Day, SBI Mutual Fund, one of the largest mutual fund houses in India, will distribute 1 lakh cloth bags through India’s largest retail chain, Future Group’s four Big Bazaar outlets in Mumbai on 5th and 10th of June 2012. Keeping in mind the hazards caused to environment due to disposal of plastic bags, SBI Mutual Fund will do this initiative on the eve of World Environment Day with an aim, to promote the use of cloth bag instead of plastic.
Mr. Deepak Chatterjee, Managing Director, SBI Mutual Fund says, “Cloth bags offer an earth-friendly alternative to plastic bags. Many countries and corporate across the globe, have taken steps towards energy conservation. We at SBI mutual fund are enthused to promote the need to have a greener planet and do our bit to ’Go Green’.”
Every year 5th of June is aimed at being the biggest and most widely celebrated as a World Environment Day, for positive environmental actions across the globe.
With 25 years of rich experience in fund management, SBI Funds Management Pvt. Ltd. bring forward expertise by consistently delivering value to our investors. Company has a strong and proud lineage that traces back to the State Bank of India (SBI) – India’s largest bank. Joint Venture between SBI and AMUNDI (France), with a network of over 100 points of acceptance across India; delivers value and nurture the trust of our vast and varied family of 5.4 million investors. ” In SBI Mutual Fund excellence has no substitute. And to ensure excellence right from the first stage of product development to the post-investment stage, we are ably guided by our philosophy of ‘growth through innovation’ and our stable investment policies. This dedication is what helps our customers achieve their financial objectives.” company said in the statement.