State Bank of India Mutual Funds (SBI MF) has put its hat in the ring with partner and shareholder Société Générale Asset Management (SGAM), joining the race to offer India’s first capital guaranteed fund, pending regulatory clarification from the Securities and Exchange Board of India (SEBI).Sandip Sabharwal, head of equity at SBI MF told an Indian newspaper: "It is generally expected that the concept of capital guarantee will have a good number of takers in India. For one thing, it will be an