SBI Funds Management Ltd, the asset management company (AMC) of SBI Mutual Fund, has appointed Nand Kishore as the managing director and chief executive officer. SBI Funds Management (SBIFM) is a joint venture between the State Bank of India and Amundi, Europe’s largest asset manager. SBI Mutual Fund is India's biggest fund house, managing assets worth Rs 11 lakh crore at the end of October.