Combined Scheme Information Document of …Combined Scheme Information Document of various Schemes...

Combined Scheme Information Document of various Schemes of SBI Mutual Fund

Scheme Name Product Labeling

Long-term capital appreciation.

Equity Investments in stock of IT sector of the economy to provide sector specific growth opportunities.

This product is suitable for investors who are seeking*

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Riskometer


Equity Investments in stock of Pharmaceuticals sector of the economy to provide sector specific growth opportunities.


Equity Investments in stock of FMCG sector of the economy to provide sector specific growth opportunities.


Equity Investments in contrarian stocks which are currently out of favour in the market to provide maximum growth opportunities.


Investments in companies that are considered emergent and have export orientation / outsourcing opportunities or are globally competitive to participate in growth potential of Indian businesses.

Long-term capital appreciation and current income.

Investment in equity and equity related instruments as well as fixed income securities (debt and money market securities).


Investment in a portfolio of equity shares, while offering deduction under section 80C of the Income-tax Act, 1961.


Passive Investment in stocks comprising the CNX Nifty 50 Index in the same proportion as in the index to achieve returns equivalent to the Total returns Index of CNX Nifty 50 Index.

Long term capital appreciation and current income.


Long term capital appreciation and current income.


Regular income for medium term.

Investment in Debt and Money Market securities.

Regular income for medium term.

Investment in government securities.

For – SBI Magnum Gilt Fund – Long Term Plan

Regular income for short term.

Investment in government securities.

For – SBI Magnum Gilt Fund – Short Term Plan

Regular income for short term.

Investment in Debt and Money Market securities.

Investors understand that their principal will be at high risk

Investors understand that their principal will be at moderately high risk

Investors understand that their principal will be at moderate risk

Investors understand that their principal will be at moderately low risk

Investors understand that their principal will be at low risk

Continuous Offer of Units at NAV related prices

Mutual Fund Trustee Company Asset Management Company

SBI Mutual Fund(‘SBI MF’)

SBI Mutual Fund Trustee Company Private Limited ('Trustee Company') CIN : U65991MH2003PTC138496

SBI Funds Management Private Limited ('AMC')(A joint venture between SBI and AMUNDI)

CIN : U65990MH1992PTC065289

Corporate Office Registered Office: Registered Office:

9th Floor, Crescenzo, C-38 & 39, G Block, Bandra Kurla Complex, Bandra

(East), Mumbai – 400051.

9th Floor, Crescenzo, C-38 & 39, G Block, Bandra Kurla Complex, Bandra (East),

Mumbai – 400051.

The particulars of the Scheme/Plans have been prepared in accordance with the Securities and Exchange Board of India (Mutual Funds) Regulations 1996, (herein after referred to as SEBI (MF) Regulations) as amended till date, and filed with SEBI, along with a Due Diligence Certificate from the AMC. The units being offered for public subscription have not been approved or recommended by SEBI nor has SEBI certified the accuracy or adequacy of the Scheme Information Document.

The Scheme Information Document sets forth concisely the information about the scheme that a prospective investor ought to know before investing. Before investing, investors should also ascertain about any further changes to this Scheme Information Document after the date of this Document from the Mutual Fund / SBIFMPL Branches / Website / Distributors or Brokers.

This Scheme Information Document is dated February 25, 2016.

The investors are advised to refer to the Statement of Additional Information (SAI) for details of SBI Mutual Fund, Tax and Legal issues and general information on www.sbimf.com

SAI is incorporated by reference (is legally a part of the Scheme Information Document). For a free copy of the current SAI, please contact your nearest Official Point of Acceptance of SBIMF or log on to our website.

The Scheme Information Document should be read in conjunction with the SAI and not in isolation.

9th Floor, Crescenzo, C-38 & 39, G Block, Bandra Kurla Complex, Bandra (East),

Mumbai – 400051.

TABLE OF CONTENTS

Particulars Page No. Highlights of the Scheme 1 Introduction (Chapter I) 15 Definitions 21 Due Diligence Certificate 26 Information about the Scheme (Chapter II) 27 Units and Offer (Chapter III) 66 On Going Offer Details 67 Fees and Expenses (Chapter IV) 100 Rights of Unitholders (Chapter V) 104 Penalties, Pending Litigation Or Proceedings, Findings of Inspections Or Investigations for Which action may have been taken or is in the Process of being taken by any regulatory authority (Chapter VI)

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HIGHLIGHTS OF THE SCHEMES

a) SBI IT Fund / SBI Pharma Fund / SBI FMCG Fund / SBI Contra Fund / SBI Emerging Businesses Fund Type of Scheme Open – ended Equity Scheme

Investment Objective

To provide the investors maximum growth opportunity through equity investments in stocks of growth oriented sectors. There are four sub-funds dedicated to specific sectors viz. IT, Pharmaceuticals, FMCG, Contra sub fund for investment in stocks currently out of favour and Emerging Businesses Fund (EBF) to participate in the growth potential presented by various companies that are considered emergent and have export orientation/outsourcing opportunities or are globally competitive by investing in the stocks representing such companies. The fund may also evaluate emerging businesses with growth potential and domestic focus.

Plans / Options The Scheme has two plans viz. Regular plan & Direct plan. Direct Plan: Direct Plan is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. All the features of the Direct Plan under Scheme like the investment objective, asset allocation pattern, investment strategy, risk factors, facilities offered, load structure etc. will be the same except for a lower expense ratio as detailed in Section IV – Fees and Expenses – B. – Annual Recurring Expenses. Brokerage/Commission paid to distributors will not be paid / charged under the Direct Plan. Both the plans shall have a common portfolio. Eligible investors: All categories of investors as permitted under the Scheme Information Document of the Scheme are eligible to subscribe under Direct Plan. Modes for applying: Investments under Direct Plan can be made through various modes offered by the Mutual Fund for investing directly with the Mutual Fund [except through Stock Exchange Platforms for Mutual Funds and all other Platform(s) where investors’ applications for subscription of units are routed through Distributors]. How to apply: • Investors desirous of subscribing under Direct Plan of a Scheme will have to ensure to

indicate “Direct Plan” against the Scheme name in the application form.

• Investors should also indicate “Direct” in the ARN column of the application form. Regular Plan This Plan is for investors who wish to route their investment through any distributor. In case of Regular and Direct plan the default plan under following scenarios will be:

Scenario Broker Code mentioned by the investor

Plan mentioned by the investor

Default Plan to be captured

1 Not mentioned

Not mentioned Direct Plan

2 Not mentioned

Direct Direct Plan

3 Not mentioned

Regular Direct Plan

4 Mentioned Direct Direct Plan

5 Direct Not Mentioned Direct Plan

6 Direct Regular Direct Plan

7 Mentioned Regular Regular Plan

8 Mentioned Not Mentioned Regular Plan

In cases of wrong/ invalid/ incomplete ARN codes mentioned on the application form, the application shall be processed under Regular Plan. The AMC shall contact and obtain the correct ARN code within 30 calendar days of the receipt of the application form from the investor/ distributor. In case, the correct code is not received within 30 calendar days, the AMC shall reprocess the transaction under Direct Plan from the date of application without any exit load. Both plans provide two options for investment – Growth Option and Dividend Option. Under the

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Dividend option, facility for reinvestment, payout & transfer of dividend is available.. Between “Growth” or “Dividend” option, the default will be treated as “Growth”. In “Dividend” option between “Reinvestment”, “Payout” or “Transfer”, the default will be treated as “Payout For SBI IT Fund & SBI FMCG Fund: Please tick either the “Growth” or “Dividend” option. If this is left blank or it is not clear, the default will be treated as “Growth”. If “Dividend” option is ticked, please select either “Reinvestment”, “Payout” or “Transfer”. If this is left blank or it is not clear, the default will be treated as “Reinvestment”.

For other funds: Please tick either the “Growth” or “Dividend” option. If this is left blank or it is not clear, the default will be treated as “Growth”. If “Dividend” option is ticked, please select either “Reinvestment”, “Payout” or “Transfer”. If this is left blank or it is not clear, the default will be treated as “Payout”.

Dividend Frequency

Dividend distribution is subject to availability of distributable surplus and subject to SEBI (Mutual Funds) Regulations, 1996 and circular issued thereunder.

Minimum Investment (Non SIP)

Rs. 5000/- and in multiples of Re. 1

Additional Investment (Non SIP)

Rs. 1000 and in Multiples of Re. 1

Minimum Redemption

Rs. 1000 or 100 units or account balance which ever is lower.

Switches Allowed Transparency The NAV will be calculated and disclosed at the close of every Business Day. NAVs will also be

displayed on the Website of the Mutual Fund. NAV will also be published in 2 newspapers as prescribed under SEBI (Mutual Funds) Regulations, 1996. NAV can also be viewed on www.sbimf.com and www.amfiindia.com. The AMC shall update the NAVs on the website of Association of Mutual Funds in India - AMFI (www.amfiindia.com) by 9.00 p.m. The Mutual Fund shall disclose portfolio as on the last day of the month of the respective Fund(s) under the Scheme on its website viz. www.sbimf.com on or before the tenth day of the succeeding month in the prescribed format. As per SEBI (Mutual Fund) Regulations, 1996, a complete statement of the Scheme portfolio would be published by the Mutual Fund as an advertisement in one English daily Newspaper circulating in the whole of India and in a newspaper published in the language of the region where the Head Office of the Mutual Fund is situated within one month from the close of each half year (i.e. March 31 & September 30) or mailed to the Unit holders.

Liquidity The scheme would provide redemption / switch facility to investor on an ongoing basis on every business day at applicable NAV subject to prevailing exit load.

Benchmark SBI IT Fund : S&P BSE Information Technology SBI FMCG Fund : S&P BSE Fast Moving Consumer Goods Index SBI Pharma Fund : S&P BSE Healthcare Index SBI Contra Fund : S&P BSE - 100 SBI Emerging Business Fund : S&P BSE - 500

b) SBI Magnum Children’s Benefit Plan Type of Scheme Open – ended Income Scheme Investment Objective

The investment objective of the scheme will be to provide attractive returns to the Magnum holders / Unit holders by means of capital appreciation through an actively managed portfolio of debt, equity and money market instruments. Income generated through the receipt of coupon payments, the amortization of the discount on the debt instruments, receipt of dividends or purchase and sale of securities in the underlying portfolio, will be reinvested.

Plans/Options The Scheme has two Plans, viz, Regular Plan & Direct Plan.

Direct Plan: Direct Plan is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. All the features of the Direct Plan under Scheme like the investment objective, asset allocation pattern, investment strategy, risk factors, facilities offered, load structure etc. will be the same except for a lower expense ratio as detailed in Section IV – Fees and Expenses – B. – Annual Recurring Expenses. Brokerage/Commission paid to distributors will not be paid / charged under the Direct Plan. Both the plans shall have a common portfolio.

Eligible investors: All categories of investors as permitted under the Scheme Information Document of the Scheme are eligible to subscribe under Direct Plan.

Modes for applying: Investments under Direct Plan can be made through various modes offered

http://www.sbimf.com/

http://www.amfiindia.com/


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by the Mutual Fund for investing directly with the Mutual Fund [except through Stock Exchange Platforms for Mutual Funds and all other Platform(s) where investors’ applications for subscription of units are routed through Distributors].

How to apply:

• Investors desirous of subscribing under Direct Plan of a Scheme will have to ensure to indicate “Direct Plan” against the Scheme name in the application form.





1 Not mentioned


2 Not mentioned

Direct Direct Plan

3 Not mentioned

Regular Direct Plan






In cases of wrong/ invalid/ incomplete ARN codes mentioned on the application form, the application shall be processed under Regular Plan. The AMC shall contact and obtain the correct ARN code within 30 calendar days of the receipt of the application form from the investor/ distributor. In case, the correct code is not received within 30 calendar days, the AMC shall reprocess the transaction under Direct Plan from the date of application without any exit load. Both the plans provide Growth option for investment.

Liquidity The scheme would provide redemption / switch facility to investor on an ongoing basis on every business day at applicable NAV subject to prevailing exit load

Benchmark Crisil MIP Blended Fund Index

Minimum Investment (Non SIP)

Rs. 5000/- and in multiples of Re. 1/-

Additional Investment (Non SIP)

Rs. 1000/- and in multiples of Re. 1/

Minimum Redemption

Rs. 1000/- or 100 units or account balance which ever is lower.

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Transparency The NAV will be calculated and disclosed at the close of every Business Day. NAVs will also be displayed on the Website of the Mutual Fund. NAV will also be published in 2 newspapers as prescribed under SEBI (Mutual Funds) Regulations, 1996. NAV can also be viewed on www.sbimf.com and www.amfiindia.com. The AMC shall update the NAVs on the website of Association of Mutual Funds in India - AMFI (www.amfiindia.com) by 9.00 p.m. The Mutual Fund shall disclose portfolio as on the last day of the month of the respective Fund(s) under the Scheme on its website viz. www.sbimf.com on or before the tenth day of the succeeding month in the prescribed format. As per SEBI (Mutual Fund) Regulations, 1996, a complete statement of the Scheme portfolio would be published by the Mutual Fund as an advertisement in one English daily Newspaper circulating in the whole of India and in a newspaper published in the language of the region where the Head Office of the Mutual Fund is situated within one month from the close of each half year (i.e. March 31 & September 30) or mailed to the Unit holders.

Other highlights 1. Parents/Guardians/Relatives/Institutions and NRIs can invest on behalf of the child. The child should be above 3 months and below 15 years of age as on the date of investment. Proof of age is not required. However, the Trustees and/or the AMC may, if considered necessary, in their sole discretion ask for proof of the same.

2. Units under the scheme can be repurchased on any business day at NAV related prices. Investors or donors investing through the parent who desire that the investment be locked-in till the Magnum holder / Unit holder attains the age of 18 years, they may do so by indicating it at the appropriate place in the application form at the time of application.

3. The funds collected under the scheme shall generally be invested in equity, debt and money market instruments consistent with the objective of the scheme.

4. On reaching 18 years of age, Magnum holders / Unit holders will have an option to withdraw their holdings either as a lumpsum amount or staggered over a period of five years on annual/semiannual basis. In case the Magnum holder / Unit holder opts for the staggered redemption option, the corpus on maturity will be frozen and will be invested in instruments which seeks to provide capital protection such as bank deposits, Government Securities (the maturities of which will not exceed the residual maturity of the corpus) or in the call money market. In the case of the staggered redemption option, it is deemed that the Magnum holder / Unit holder has redeemed his investment under the scheme and will no longer be eligible for any benefits under the scheme. Alternatively, Magnum holders / Unit holders may also be permitted to continue their investment under the scheme even on completion of 18 years of age.

5. The scheme will provide group accident insurance cover to the Magnum holders / Unit holders or either parent against accidental death or permanent total disability relating to these accidents. In addition to this, on the accidental death of either parent the Magnum holder / Unit holder will stand to receive an additional 10% of the claim amount towards educational expenses. The cost of providing the insurance cover would be borne by the AMC. This cover will be available only for Resident Indian Magnum holders / Unit holders.

6. At the time of application or subsequently, the investor may nominate an alternate child not exceeding 15 years of age.

C) SBI Magnum Income Fund Type of Scheme Open – ended debt Scheme Investment Objective

The objective of the scheme is to provide the investors an opportunity to earn, in accordance with their requirements, through capital gains or through regular dividends, returns that would be higher than the returns offered by comparable investment avenues through investment in debt & money market securities.

Plans(s)/Options(s) The Scheme has two plans viz. Regular plan & Direct plan. Direct Plan: Direct Plan is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. All the features of the Direct Plan under Scheme like the investment objective, asset allocation pattern, investment strategy, risk factors, facilities offered, load structure etc. will be the same except for a lower expense ratio as detailed in Section IV – Fees and Expenses – B. – Annual Recurring Expenses.. Brokerage/Commission paid to distributors will not be paid / charged under the Direct Plan. Both the plans shall have a common portfolio. Eligible investors: All categories of investors as permitted under the Scheme Information Document of the Scheme are eligible to subscribe under Direct Plan. Modes for applying: Investments under Direct Plan can be made through various modes offered by the Mutual Fund for investing directly with the Mutual Fund [except through Stock Exchange Platforms for Mutual Funds and all other Platform(s) where investors’ applications




5

for subscription of units are routed through Distributors]. How to apply: • Investors desirous of subscribing under Direct Plan of a Scheme will have to ensure to






1 Not mentioned


2 Not mentioned

Direct Direct Plan

3 Not mentioned

Regular Direct Plan






In cases of wrong/ invalid/ incomplete ARN codes mentioned on the application form, the application shall be processed under Regular Plan. The AMC shall contact and obtain the correct ARN code within 30 calendar days of the receipt of the application form from the investor/ distributor. In case, the correct code is not received within 30 calendar days, the AMC shall reprocess the transaction under Direct Plan from the date of application without any exit load. Both plans have following: Dividend – It has Reinvestment, Payout & Transfer facilities. Growth For default among Growth and Dividend option will be Growth option. For Dividend mode between reinvestment, payout and transfer, default will be reinvestment. For dividend frequency default option will be the highest period option specific for the fund.

Dividend Frequency Semi-annual and Quarterly Dividends under the Dividend Plan. Minimum Investment Rs. 5000/- and in multiples of Re. 1. Additional Investment

Rs. 1000 & in Multiples of Rs. 1.

Minimum Redemption

Rs. 1000/- or 100 units or account balance which ever is lower.

Switches Investors have the facility to switchover between the Plans at NAV. Also, switchover facility at the NAV related prices to other openend schemes of SBI Mutual Fund is available.

Transparency The NAV will be calculated and disclosed at the close of every Business Day. NAVs will also be displayed on the Website of the Mutual Fund. NAV will also be published in 2 newspapers as prescribed under SEBI (Mutual Funds) Regulations, 1996. NAV can also be viewed on www.sbimf.com and www.amfiindia.com. The AMC shall update the NAVs on the website of Association of Mutual Funds in India - AMFI (www.amfiindia.com) by 9.00 p.m. The Mutual Fund shall disclose portfolio as on the last day of the month of the respective Fund(s) under the Scheme on its website viz. www.sbimf.com on or before the tenth day of the succeeding month in the prescribed format. As per SEBI (Mutual Fund) Regulations, 1996,




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a complete statement of the Scheme portfolio would be published by the Mutual Fund as an advertisement in one English daily Newspaper circulating in the whole of India and in a newspaper published in the language of the region where the Head Office of the Mutual Fund is situated within one month from the close of each half year (i.e. March 31 & September 30) or mailed to the Unit holders.


Benchmark CRISIL Composite Bond Fund Index

d) SBI Magnum Taxgain Scheme Type of Scheme Open – ended Equity linked savings Scheme Investment Objective

The prime objective of scheme is to deliver the benefit of investment in a portfolio of equity shares, while offering deduction on such investment made in the scheme under section 80C of the Income-tax Act, 1961. It also seeks to distribute income periodically depending on distributable surplus. Investments in this scheme would be subject to a statutory lock-in of 3 years from the date of allotment to avail Section 80C benefits.

Minimum Investment

Rs. 500/- & in multiples of Rs. 500 thereafter

Additional Investment

Rs. 500 & in multilples of Rs. 500/- thereafter

Redemption Rs. 500 (subject to lock-in period of 3 Years from the date of investment) Plans / Options The Scheme will have Two Plans Regular and Director Plan.

Direct Plan: Direct Plan is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. All the features of the Direct Plan under Scheme like the investment objective, asset allocation pattern, investment strategy, risk factors, facilities offered, load structure etc. will be the same except for a lower expense ratio as detailed in Section IV – Fees and Expenses – B. – Annual Recurring Expenses. Brokerage/Commission paid to distributors will not be paid / charged under the Direct Plan. Both the plans shall have a common portfolio.


Modes for applying: Investments under Direct Plan can be made through various modes offered by the Mutual Fund for investing directly with the Mutual Fund [except through Stock Exchange Platforms for Mutual Funds and all other Platform(s) where investors’ applications for subscription of units are routed through Distributors].

How to apply: • Investors desirous of subscribing under Direct Plan of a Scheme will have to ensure to






1 Not mentioned


2 Not mentioned

Direct Direct Plan

3 Not mentioned

Regular Direct Plan



7




In cases of wrong/ invalid/ incomplete ARN codes mentioned on the application form, the application shall be processed under Regular Plan. The AMC shall contact and obtain the correct ARN code within 30 calendar days of the receipt of the application form from the investor/ distributor. In case, the correct code is not received within 30 calendar days, the AMC shall reprocess the transaction under Direct Plan from the date of application without any exit load. Both the Plans have Dividend & Growth Option. Dividend option has payout & Transfer facilities. Between “Growth” or “Dividend” option, the default will be treated as “Growth”. In “Dividend” option between “Payout” or “Transfer”, the default will be treated as “Payout”.

Dividend Frequency

Dividend distribution is subject to availability of distributable surplus and subject to SEBI (Mutual Funds) Regulations, 1996.

Minimum Redemption

Rs. 500/-

Switch Switchover facility to any other open-ended schemes of SBI Mutual Fund at NAV related prices available after the statutory lock-in period.

Transparency The NAV will be calculated and disclosed at the close of every Business Day. NAVs will also be displayed on the Website of the Mutual Fund. NAV will also be published in 2 newspapers as prescribed under SEBI (Mutual Funds) Regulations, 1996. NAV can also be viewed on www.sbimf.com and www.amfiindia.com. The AMC shall update the NAVs on the website of Association of Mutual Funds in India - AMFI (www.amfiindia.com) by 9.00 p.m. The Mutual Fund shall disclose portfolio as on the last day of the month of the respective Fund(s) under the Scheme on its website viz. www.sbimf.com on or before the tenth day of the succeeding month in the prescribed format. As presently required by the SEBI Regulations, a complete statement of the Scheme portfolio would be published by the Mutual Fund as an advertisement in one English daily Newspaper circulating in the whole of India and in a newspaper published in the language of the region where the Head Office of the Mutual Fund is situated within one month from the close of each half year (i.e. March 31 & September 30) or mailed to the Unit holders.

Liquidity The scheme would provide redemption / switch facility to investor (subject to completion of statutory lock in period of 3 years), on an ongoing basis on every business day at applicable NAV subject to prevailing exit load

e) SBI Regular Savings Fund (earlier known as Magnum Income Plus Fund – Investment Plan) – An Open ended Income Scheme 1. Intially, the Scheme had two plans viz, Investment Plan & Saving Plan and in order to improve investment

management opportunities and to provide better cost efficiencies, the Board of Directors of SBI Funds Management Private Limited and SBI Mutual Fund Trustee Company Private Limited has approved restructuring of SBI Magnum Income Plus Fund – Savings Plan into SBI EDGE Fund and merger of SBI Magnum NRI Investment Fund – Flexi Asset Plan into SBI EDGE Fund. The Securities and Exchange Board of India vide its letter no. OW/16316/2012 dated July 20, 2012 has given No Objection for the same. For details please refer to the Scheme Inforamtion Document of the SBI EDGE Fund.

2. The investment objective of the scheme will be to provide attractive returns to the Magnum holders / Unit

holders either through periodic dividends or through capital appreciation through an actively managed portfolio of debt, equity and money market instruments.

3. SBI Magnum Income Plus Fund - Investment Plan has been renamed as SBI Regular Savings Fund. SBI Regular

Savings Fund has two plans viz. Regular plan & Direct plan.

Direct Plan: Direct Plan is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. All the features of the Direct Plan under Scheme like the investment objective, asset allocation pattern, investment strategy, risk factors, facilities offered, load structure etc. will be the same except for a lower expense ratio as detailed in Section IV – Fees and Expenses – B. – Annual Recurring Expenses.. Brokerage/Commission paid to distributors will not be paid / charged under the Direct Plan. Both the plans shall have a common portfolio. Eligible investors: All categories of investors as permitted under the Scheme Information Document of the




8

Scheme are eligible to subscribe under Direct Plan. Modes for applying: Investments under Direct Plan can be made through various modes offered by the Mutual Fund for investing directly with the Mutual Fund [except through Stock Exchange Platforms for Mutual Funds and all other Platform(s) where investors’ applications for subscription of units are routed through Distributors]. How to apply: • Investors desirous of subscribing under Direct Plan of a Scheme will have to ensure to indicate “Direct Plan” against the Scheme name in the application form. • Investors should also indicate “Direct” in the ARN column of the application form. Regular Plan This Plan is for investors who wish to route their investment through any distributor. In case of Regular and Direct plan the default plan under following scenarios will be:

Scenario Broker Code

mentioned by the investor



1 Not mentioned Not mentioned

Direct Plan

2 Not mentioned Direct Direct Plan

3 Not mentioned Regular Direct Plan


5 Direct Not Mentioned

Direct Plan



8 Mentioned Not Mentioned

Regular Plan

In cases of wrong/ invalid/ incomplete ARN codes mentioned on the application form, the application shall be processed under Regular Plan. The AMC shall contact and obtain the correct ARN code within 30 calendar days of the receipt of the application form from the investor/ distributor. In case, the correct code is not received within 30 calendar days, the AMC shall reprocess the transaction under Direct Plan from the date of application without any exit load. Both plans provide two options for investment – Growth Option and Dividend Option. Under the Dividend option, facility for reinvestment, payout & transfer of dividend is available. Between “Growth” or “Dividend” option, the default will be treated as “Growth”. In “Dividend” option between “Reinvestment”, “Payout” or “Transfer”, the default will be treated as “Reinvestment”.

4. The Scheme will be investing atleast 80% of its corpus in investment grade Debt instruments and Money market

instruments and the balance will be invested in equity and equity related instruments. The stocks will be selected from the S&P BSE 100 index only.

5. The Dividend option under the Plans will endeavour to declare dividends on a quarterly basis subject to the

availability of distributable surplus as per applicable SEBI guidelines. The returns under the Growth Plan will be through capital appreciation only.

6. Minimum amount of investment will be Rs 5000 and in multiples of Re. 1

7. Additional Purchase amount – Rs. 1000 & in multiples of Re. 1.

8. Repurchase – Rs. 1000 or 100 units or account balance withich ever is lower.

9. The scheme provides a group life insurance cover for all investors, aged between 18 years and 54 years, of the scheme. The sum assured under this insurance cover will be the amount of investment subject to a maximum of Rs. 2 lakhs. For investments above Rs. 2 lakhs, the insurance cover will be limited to Rs. 2 lakhs. The insurance cover will cease to continue once an investor exits the scheme. The cost of the insurance cover will be borne by the AMC.

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10. The insurance cover will be available to individual investors under both the Resident Indian Individual and Non Resident Indian categories. The nominee for the scheme will be the nominee for the insurance cover also. In case of nominees of NRI origin, the claim amount will be settled in Indian rupees only. The insurance cover will be available till the investor reaches the age of 55 years provided he is still invested with the scheme.

11. Switchover facility will be available for switchover between various options of this scheme and also between this scheme and other schemes of the Fund. Switchover between various options of this scheme will be at NAV while switchover to other schemes will be at NAV related prices.

f) SBI Nifty Index Fund (earlier known as SBI Magnum Index Fund) – Open ended Index Scheme 1. An open-ended passively managed index fund tracking the CNX Nifty Index where the investments will be made in

all the stocks comprising the CNX Nifty in the same proportion as their weightage in the index.

2. Following Plan/options are available: Regular Plan & Direct Plan. Direct Plan:

Direct Plan is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. All the features of the Direct Plan under Scheme like the investment objective, asset allocation pattern, investment strategy, risk factors, facilities offered, load structure etc. will be the same except for a lower expense ratio as detailed in Section IV – Fees and Expenses – B. – Annual Recurring Expenses.. Brokerage/Commission paid to distributors will not be paid / charged under the Direct Plan. Both the plans shall have a common portfolio.

Eligible investors: All categories of investors as permitted under the Scheme Information Document of the Scheme are eligible to subscribe under Direct Plan. Modes for applying: Investments under Direct Plan can be made through various modes offered by the Mutual Fund for investing directly with the Mutual Fund [except through Stock Exchange Platforms for Mutual Funds and all other Platform(s) where investors’ applications for subscription of units are routed through Distributors].

How to apply: • Investors desirous of subscribing under Direct Plan of a Scheme will have to ensure to indicate “Direct Plan”

against the Scheme name in the application form. • Investors should also indicate “Direct” in the ARN column of the application form.

Regular Plan This Plan is for investors who wish to route their investment through any distributor. In case of Regular and Direct plan the default plan under following scenarios will be:





1 Not mentioned

Not mentioned

Direct Plan

2 Not mentioned

Direct Direct Plan

3 Not mentioned

Regular Direct Plan






In cases of wrong/ invalid/ incomplete ARN codes mentioned on the application form, the application shall be processed under Regular Plan. The AMC shall contact and obtain the correct ARN code within 30 calendar days of the receipt of the application form from the investor/ distributor. In case, the correct code is not received within 30 calendar days, the AMC shall reprocess the transaction under Direct Plan from the date of application without any exit load.

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Both plans will have Growth & Dividend option. Dividend option has Reinvestment, Payout & Transfer facilities. Between Growth Option & Dividend Option: Growth will be default option & payout will be default facility.

3. Minimum investment under the scheme: Rs. Rs. 5000/- and in multiples of Re. 1/-. No maximum limit.

4. Additional Purchase amount – Rs. 1000 & in multiples of Re. 1.

5. Repurchase – Rs. 1000 or 100 units or account balance withich ever is lower.

6. Investors have the facility to switchover at NAV related prices to other open-end schemes of SBI Mutual Fund.

This facility of switchover to other schemes is not available to NRIs and FIIs g) SBI Magnum Gilt Fund Type of Scheme Open – ended Gilt Fund


To provide the investors/unitholders with returns generated through investments in government securities issued by the Central Government and / or a State Government.

Plans(s)/Options(s) Short Term & Long Term. Both have two sub plans –Regular Plan and Direct plan. Both sub-plans have Growth & Dividend options. Dividend option has Reinvestment, Payout & Transfer facilities Between Short Term & Long Term plans: In case of SBI Magnum Gilt Fund default plan will be Long Term. Between Regular Plan & Direct Plan:

Direct Plan: Direct Plan is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. All the features of the Direct Plan under Scheme like the investment objective, asset allocation pattern, investment strategy, risk factors, facilities offered, load structure etc. will be the same except for a lower expense ratio as detailed in Section IV – Fees and Expenses – B. – Annual Recurring Expenses.. Brokerage/Commission paid to distributors will not be paid / charged under the Direct Plan. Both the plans shall have a common portfolio.









1 Not mentioned


11

2 Not mentioned

Direct Direct Plan

3 Not mentioned

Regular Direct Plan






In cases of wrong/ invalid/ incomplete ARN codes mentioned on the application form, the application shall be processed under Regular Plan. The AMC shall contact and obtain the correct ARN code within 30 calendar days of the receipt of the application form from the investor/ distributor. In case, the correct code is not received within 30 calendar days, the AMC shall reprocess the transaction under Direct Plan from the date of application without any exit load. Default among Growth & Dividend option will be Growth option. For Dividend mode between reinvestment, payout and transfer, default will be reinvestment.

Dividend Frequency Monthly dividend under the Short Term Plan; Quarterly dividend under the Long Term Plan The Dividend option under the Plans offers the facility of payout or reinvestment of dividend. Dividends under Dividend options are subject to availability of distributable surplus.

Minimum Investment Rs. 5000 & in multiples of Re. 1

Additional Investment

Rs. 1000 & in Multiples of Re. 1 /-.

Minimum Redemption

Rs. 1000 or 100 units or account balance whichever is lower.


displayed on the Website of the Mutual Fund. NAV will also be published in 2 newspapers as prescribed under SEBI (Mutual Funds) Regulations, 1996. NAV can also be viewed on www.sbimf.com and www.amfiindia.com. The AMC shall update the NAVs on the website of Association of Mutual Funds in India - AMFI (www.amfiindia.com) by 9.00 p.m. The Mutual Fund shall disclose portfolio as on the last day of the month of the respective Fund(s) under the Scheme on its website viz. www.sbimf.com on or before the tenth day of the succeeding month in the prescribed format. As per SEBI (Mutual Fund) Regulations, 1996, a complete statement of the Scheme portfolio would be published by the Mutual Fund as an advertisement in one English daily Newspaper circulating in the whole of India and in a newspaper published in the language of the region where the Head Office of the Mutual Fund is situated within one month from the close of each half year (i.e. March 31 & September 30) or mailed to the Unit holders. .


Benchmark I-Sec Si-BEX (Short Term Plan); I-Sec Li-BEX (Long Term Plan) Liquidity Support from RBI

The scheme will be entitled to the facility of liquidity support from RBI subject to obtaining approval from RBI under its scheme of extending liquidity support to dedicated gilt funds.

h) SBI Magnum Monthly Income Plan (Monthly Income is not assured and is subject to availability of distributable surplus) Type of Scheme Open – ended Debt Scheme Investment Objective

The objective of the scheme will be to provide regular income, liquidity and attractive returns to the investors through an actively managed portfolio of debt, equity and money market instruments. Income may be generated through the receipt of coupon payments, the amortization of the discount on the debt instruments, receipt of dividends or purchase and sale of securities in the underlying portfolio.




12

Plans(s)/Options(s) The Scheme has two plans viz. Regular plan & Direct plan.

Direct Plan: Direct Plan is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. All the features of the Direct Plan under Scheme like the investment objective, asset allocation pattern, investment strategy, risk factors, facilities offered, load structure etc. will be the same except for a lower expense ratio as detailed in Section IV – Fees and Expenses – B. – Annual Recurring Expenses.. Brokerage/Commission paid to distributors will not be paid / charged under the Direct Plan. Both the plans shall have a common portfolio.









1 Not mentioned


2 Not mentioned

Direct Direct Plan

3 Not mentioned

Regular Direct Plan






In cases of wrong/ invalid/ incomplete ARN codes mentioned on the application form, the application shall be processed under Regular Plan. The AMC shall contact and obtain the correct ARN code within 30 calendar days of the receipt of the application form from the investor/ distributor. In case, the correct code is not received within 30 calendar days, the AMC shall reprocess the transaction under Direct Plan from the date of application without any exit load. Both plans provide two options for investment – Growth Option and Dividend Option. Under the Dividend option, facility for reinvestment, payout & transfer of dividend is available. Among Growth & Dividend option default will be Growth option. For Dividend mode between reinvestment, payout and transfer, default will be reinvestment. For dividend frequency default option will be the highest period option specific for the fund.

Dividend Frequency Monthly, Quarterly and Annual dividends under the Dividend Option. The Dividend options offer the facility of payout, reinvestment & transfer of dividend. Dividends under the scheme are subject to availability of distributable surplus.

13

Minimum Investment Rs. 5000/- and in multiples of Re. 1/- Additional Investment

Rs. 1000 & in Multiples of Re. 1/-.

Minimum Redemption

Rs. 1000 or 100 units or account balance whichever is lower.


displayed on the Website of the Mutual Fund. NAV will also be published in 2 newspapers as prescribed under SEBI (Mutual Funds) Regulations, 1996. NAV can also be viewed on www.sbimf.com and www.amfiindia.com. The AMC shall update the NAVs on the website of Association of Mutual Funds in India - AMFI (www.amfiindia.com) by 9.00 p.m. The Mutual Fund shall disclose portfolio as on the last day of the month of the respective Fund(s) under the Scheme on its website viz. www.sbimf.com on or before the tenth day of the succeeding month in the prescribed format. As per SEBI (Mutual Fund) Regulations, 1996, a complete statement of the Scheme portfolio would be published by the Mutual Fund as an advertisement in one English daily Newspaper circulating in the whole of India and in a newspaper published in the language of the region where the Head Office of the Mutual Fund is situated within one month from the close of each half year (i.e. March 31 & September 30) or mailed to the Unit holders.


Benchmark CRISIL MIP Blended Index i) SBI Magnum InstaCash Fund - Open ended Liquid Scheme 1. A scheme, offering high degree of liquidity on investment and superior returns consistent with such high liquidity.

2. Following Plans & Options are available to the investors:

Direct Plan: Direct Plan is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. All the features of the Direct Plan under Scheme like the investment objective, asset allocation pattern, investment strategy, risk factors, facilities offered, load structure etc. will be the same except for a lower expense ratio as detailed in Section IV – Fees and Expenses – B. – Annual Recurring Expenses.. Brokerage/Commission paid to distributors will not be paid / charged under the Direct Plan. Both the plans shall have a common portfolio. Eligible investors: All categories of investors as permitted under the Scheme Information Document of the Scheme are eligible to subscribe under Direct Plan. Modes for applying: Investments under Direct Plan can be made through various modes offered by the Mutual Fund for investing directly with the Mutual Fund [except through Stock Exchange Platforms for Mutual Funds and all other Platform(s) where investors’ applications for subscription of units are routed through Distributors].

How to apply: • Investors desirous of subscribing under Direct Plan of a Scheme will have to ensure to indicate “Direct

Plan” against the Scheme name in the application form. • Investors should also indicate “Direct” in the ARN column of the application form.

Regular Plan This Plan is for investors who wish to route their investment through any distributor.

S. No.

Scheme Name(s) Plan(s) Option(s)

1 SBI Magnum InstaCash Fund (Dividend & Growth Plan)

1. Regular Plan 2. Direct Plan

Dividend Option (erstwhile Plan A) Growth Option (erstwhile Plan B)

2 SBI Magnum InstaCash Fund - Liquid Floater Plan (erstwhile Plan C)

1. Regular Plan 2. Direct Plan

Dividend Option Growth Option

3. Default plan/option:

In case of Regular and Direct plan the default plan under following scenarios will be:




14





1 Not mentioned Not mentioned Direct Plan









Between Regular Plan & Direct Plan: For default among Growth & Dividend option default will be Dividend option. For Dividend mode between reinvestment, payout and transfer, default will be reinvestment. For dividend frequency default option will be the lowest period option specific for the fund.

4. Investment Objective: The objective of SBI Magnum InstaCash Fund – (Dividend & Growth Plan) is to provide investors an investment opportunity to earn returns through investment in debt & money market securities, while having the benefit of very high degree of liquidity. The objective of Liquid Floter Plan of the scheme is to mitigate interest rate risk and generate opportunities for regular income through a portfolio investing predominantly in floating rate securities and money market instruments.

5. Minimum subscription: Rs. 5,000/- & in multiples of Re. 1. No maximum limit.

6. Additional Investment Rs. 1000 & in Multiples of Re. 1/-.

7. Minimum redemption size Rs.1000 or 1units or account balance whichever is lower

8. Switchover facility at NAV related prices to other open-ended schemes of SBI Mutual Fund,

9. Benchmark : Crisil Liqid Fund Index

IMPORTANT NOTE (For SBI Nifty Index Fund Only)

The Product(s) are not sponsored, endorsed, sold or promoted by India Index Services & Products Limited ("IISL"). IISL does not make any representation or warranty, express or implied, to the owners of the Product(s) or any member of the public regarding the advisability of investing in securities generally or in the Product(s) particularly or the ability of the CNX NIFTY INDEX to track general stock market performance in India. The relationship of IISL to the Issuer is only in respect of the licensing of the Indices and certain trademarks and trade names associated with such Indices which is determined, composed and calculated by IISL without regard to the Issuer or the Product(s). IISL does not have any obligation to take the needs of the Issuer or the owners of the Product(s) into consideration in determining, composing or calculating the CNX NIFTY INDEX. IISL is not responsible for or has participated in the determination of the timing of, prices at, or quantities of the Product(s) to be issued or in the determination or calculation of the equation by which the Product(s) is to be converted into cash. IISL has no obligation or liability in connection with the administration, marketing or trading of the Product(s). IISL do not guarantee the accuracy and/or the completeness of the CNX NIFTY INDEX or any data included therein and IISL shall have not have any responsibility or liability for any errors, omissions, or interruptions therein. IISL does not make any warranty, express or implied, as to results to be obtained by the Issuer, owners of the product(s), or any other person or entity from the use of the CNX NIFTY INDEX or any data included therein. IISL makes no express or implied warranties, and expressly disclaim all warranties of merchantability or fitness for a particular purpose or use with respect to the index or any data included therein. Without limiting any of the foregoing, IISL expressly disclaim any and all liability for any claims ,damages or losses arising out of or related to the Products, including any and all direct, special, punitive, indirect, or consequential damages (including lost profits), even if notified of the possibility of such damages. An investor, by subscribing or purchasing an interest in the Product(s), will be regarded as having acknowledged, understood and accepted the disclaimer referred to in Clauses above and will be bound by it.

15

I. INTRODUCTION A. RISK FACTORS 1. Standard Risk Factors a. Mutual funds and securities investments are subject to market risks and there is no assurance or guarantee that the Fund’s

objective will be achieved.

b. As the price / value / interest rates of the securities in which the scheme invests fluctuates, the value of your investment in the scheme may go up or down

c. Past performance of the Sponsor / AMC / Mutual Fund or its affiliates does not guarantee the future performance of the scheme(s) of the Mutual Fund.

d. State Bank of India, the sponsor, is not responsible or liable for any loss resulting from the operation of the scheme beyond the initial contribution made by it of an amount of Rs. 5 lakhs towards setting up of the mutual fund.

e. SBI FMCG Fund, SBI IT Fund, SBI Pharma Fund, SBI Contra Fund, SBI Emerging Business Fund, SBI Magnum Children Benefit

Plan, SBI Magnum Income Fund, SBI Magnum Taxgain Scheme, SBI Regular Savings Fund, SBI Magnum Gilt Fund, SBI Nifty Index Fund, SBI Magnum Monthly Income Plan, SBI Magnum Instacash Fund are only the name of the Schemes and do not, in any manner, indicate either the quality of the Scheme or its future prospects and returns.

f. The NAV of the Schemes’ Units may be affected by change in the general market conditions, factors and forces affecting capital markets in particular, level of interest rates, various market related factors and trading volumes.

g. The present scheme is not a guaranteed or assured return scheme. h. Investment in Mutual Fund Units involves investment risks such as trading volumes, settlement risk, liquidity risk, default

risk including the possible loss of principal. 2. Scheme-specific Risk Factors SBI IT Fund / SBI Pharma Fund / SBI FMCG Fund / SBI Contra Fund / SBI Emerging Businesses Fund Generally, sector funds are more aggressive, holding a relatively smaller number of stocks, all of which tend to be affected by the same factors. SBI FMCG Fund, SBI IT Fund, SBI Pharma Fund, SBI Contra Fund, SBI Emerging Businesses Fund will be primarily investing in equity & equity related instruments, derivatives, Government Securities and money market instruments (such as money market instrument, term/notice money market, repos, reverse repos and any alternative to the call money market as may be directed by the RBI). The liquidity of the scheme’s investments is inherently restricted by trading volumes and settlement periods. The liquidity of the scheme’s investments is inherently restricted by trading volumes and settlement periods. In the event of a large number of redemption requests, or of a restructuring of the scheme’s investment portfolio, these periods may become significant. In view of the same, the Trustees have the right in their sole discretion to limit redemption (including suspending redemption) under certain circumstances as described in the Section on Investors' Rights and Services. SBI Emerging Businesses Fund would be exposed to the following Scheme-specific Risk Factors

(a) Since investments are proposed to be made in the stocks of companies engaged in potentially emerging businesses, a failure of such businesses to take off could pose a risk.

(b) Since a large part of the Emerging Businesses Fund portfolio would be invested in companies which are export

dependant, a slowdown in the global economy could be a risk. (c) A sharp appreciation of the rupee in the short term may affect the export profitability of the companies adversely. (d) SBI Emerging Businesses Fund would be investing in equity & equity related instruments and money market instruments

(such as money market instrument, term/notice money market, repos, reverse repos and any alternative to the call money market as may be directed by the RBI). The liquidity of the scheme’s investments is inherently restricted by trading volumes and settlement periods. In the event of an inordinately large number of redemption requests, or of a restructuring of the scheme’s investment portfolio, these periods may become significant. In view of the same, the Trustees have the right in their sole discretion to limit redemptions (including suspending redemptions) under certain circumstances.

SBI Magnum Children's Benefit Plan

(a) Redemption by the Magnum holder / Unit holder due to change in the fundamental attributes of the Scheme or due to any other reasons may entail tax consequences. The Trustees, AMC, Fund their directors or their employees shall not be liable for any tax consequences that may arise.

16

(b) The Scheme has two options for premature repurchases. Premature repurchase in cases of donor investing through parents where the lock-in facility has been exercised, will be permitted only on a joint request from both the donor & the parent/legal guardian. Repurchase without the lock - in will be permitted on a request from parent/legal guardian. The other terms and conditions for repurchases are same under both options as detailed in the section on redemption and repurchases.

(c) SBI Magnum Children’s Benefit Plan will be investing in debt instruments (including securitized debt), Government Securities and money market instruments (such term/notice money market, repos, reverse repos and any alternative to the call money market as may be directed by the RBI) as also equity & equity related instruments. The liquidity of the scheme’s investments is inherently restricted by trading volumes and settlement periods. In the event of an inordinately large number of redemption requests, or of a restructuring of the scheme’s investment portfolio, these periods may become significant. In view of the same, the Trustees have the right in their sole discretion to limit redemptions (including suspending redemptions) under certain circumstances.

SBI Magnum Income Fund

(a) SBI Magnum Income Fund- (SBI Magnum Income Fund) will be investing in debt instruments (including securitized debt),

Government Securities and money market instruments (such as term/notice money market, repos, reverse repos and any alternative to the call money market as may be directed by the RBI). The liquidity of the scheme’s investments is inherently restricted by trading volumes and settlement periods. In the event of an inordinately large number of redemption requests, or of a restructuring of the scheme’s investment portfolio, these periods may become significant.

(b) The Mutual Fund is not assuring that it will make dividend distributions on a periodic basis. All dividend distributions are

subject to the availability of distributable surplus.

SBI Magnum Taxgain Scheme

SBI Magnum Taxgain Scheme (SBI Magnum Taxgain Scheme) will be investing in equity & equity related instruments, derivatives as also debt instruments, and money market instruments (such as call money market, term/notice money market, repos, reverse repos and any alternative to the call money market as may be directed by the RBI). The liquidity of the scheme’s investments is inherently restricted by trading volumes and settlement periods. In the event of an inordinately large number of redemption requests, or of a restructuring of the scheme’s investment portfolio, these periods may become significant.

SBI Regular Savings Fund (a) The Trustees, AMC, Fund, their directors or their employees shall not be liable for any tax consequences that may arise in

the event that the scheme is wound up for the reasons and in the manner provided under the Scheme Information Document & Statement of Additional Information.

(b) Redemption by the Magnum holder due to change in the fundamental attributes of the Scheme or due to any other reasons

may entail tax consequences. The Trustees, AMC, Fund their directors or their employees shall not be liable for any tax consequences that may arise

(c) SBI Regular Savings Fund will be investing in debt instruments (including Securitized debt), Government Securities and

money market instruments (such as term/notice money market, repos, reverse repos and any alternative to the call money market as may be directed by the RBI) as also equity & equity related instruments. The liquidity of the scheme’s investments is inherently restricted by trading volumes and settlement In view of the same; the Trustees have the right in their sole discretion to limit redemptions (including suspending redemptions) under certain circumstances periods. In the event of an inordinately large number of redemption requests, or of a restructuring of the scheme’s investment portfolio, these periods may become significant.

SBI Magnum Gilt Fund

(a) SBI Magnum Gilt Fund is prone to interest rate risks like any other debt instruments. Changes in interest rates will affect

the scheme’s Net Asset Value as the prices of securities generally increase as interest rates decline and generally decrease as interest rates rise.

(b) SBI Magnum Gilt Fund will be investing in Government Securities only with the exception of investments in call money

market, term/notice money market, repos, reverse repos and any alternative to the call money market as may be directed by the RBI.

(c) The Mutual Fund is not assuring any monthly or quarterly dividend nor is it assuring that it will make monthly or quarterly dividend distributions. All dividend distributions are subject to the investment performance of the scheme.

SBI Nifty Index Fund (a) An investor in an index fund is taking a view on the movement of the stock market in general, and particularly of the stocks

that constitute the index. Performance of the S&P CNX Nifty Index will have a direct bearing on the performance of the scheme. The scheme does not seek to protect the value of investment from a fall in the S&P CNX Nifty Index or its constituent stocks. Hence the investor is automatically assuming the risk that if the index falls, his investment is likely to depreciate to that extent. The view taken by the investors on the movements of the stock market and the Nifty is entirely

17

their own and the AMC is not responsible for any loss arising out of the investors’ decision to invest or repurchase based on their view of the market.

(b) The portfolio of the fund may underperform to the extent of the impact cost of any transaction by the fund in individual

stocks. Other transaction costs and operating costs may also cause the fund to underperform. (c) Any delay in the receipt of sale proceeds due to the settlement cycles of the stock exchanges, or delay in receipt of

dividends from corporates can result in delay in reinvestment of these funds, causing some amount of underperformance. Any delay in receipt of information by the fund manager regarding the change in the composition of the index or corporate actions (dividends, fresh issues of capital, mergers, buyback, etc) related to individual securities in the index may also result in underperformance.

(d) The performance of the scheme may also be impacted by the Tracking Error of the scheme vis-à-vis the S&P CNX Nifty

Index. The Tracking Error may arise due to the expenses that the scheme will incur on an ongoing basis, transaction costs involved in buying and selling of index shares, impact cost that may arise due to selling of stocks of the scheme at a loss to meet redemption requirements or on account of holding cash. The Tracking Error that may arise in this scheme is estimated to be in the range of 0.5% to 1.00% on an annualised basis.

SBI Magnum Monthly Income Plan (Monthly Income is not assured and is subject to availability of distributable surplus) (a) SBI Magnum Monthly Income Plan will be investing in debt instruments (including securitized debt), Government Securities

and money market instruments (such as term/notice money market, repos, reverse repos and any alternative to the call money market as may be directed by the RBI) as also equity & equity related instruments. The liquidity of the scheme’s investments is inherently restricted by trading volumes and settlement periods. In the event of an inordinately large number of redemption requests, or of a restructuring of the scheme’s investment portfolio, these periods may become significant.

(b) The Mutual Fund is not assuring that it will make monthly or quarterly or annual dividend distributions. All dividend

distributions are subject to the availability of distributable surplus. SBI Magnum InstaCash Fund (a) As in the case of any fund investing in debt, the NAV of the scheme will be sensitive to changes in interest rate. In case of

an increase in interest rates, the market value of existing debt instruments may fall, leading to a fall in the NAV. The sensitivity of the NAVs of either of the Plans to interest rate movements cannot be entirely eliminated and investment in the either Plan is not guaranteed to protect the value of the investment completely from unfavourable changes in the interest rates.

(b) AMC’s perception: The impact of a rise in interest rates will be reduced through good fund management practices. In

anticipation of any rise in interest rates, the Scheme will attempt to move the funds in from long-term instruments into short-term debt & money market instruments where the impact on the NAV will be much lower. Also, if the interest rates at any point of time are expected to ease, the Scheme can move back into long-term debt to take advantage of appreciation in the market value of its investments.

(c) In an open ended fund, any disruption in the normal functioning of the markets for debt instruments or extreme illiquidity

in any of the debt instruments may affect the ability of the fund manager to buy or sell freely in the market. In the event of inordinately large number of redemption requests or of a restructuring of the Scheme’s portfolio, the time taken by the Fund for redemption may become significant. Please see para “Right to Limit Redemptions” in the Scheme Information Document.

(d) AMC’s perception: Such situations may be extremely rare and temporary in nature. Although the debt market in India is not

very liquid, there is always demand for debt instruments having a high rating & issued by good companies, at appropriate yields. At times, the fund may choose to hold such instruments till maturity and meet redemption needs through temporary borrowing within permissible limits. The fund will keep a sufficient amount of the funds in cash, call money and liquid money market instruments to take care of the normal redemption needs.

3. Common Scheme-specific Risk Factors a. The Trustees, AMC, Fund, their directors or their employees shall not be liable for any tax consequences that may arise in

the event that the scheme is wound up for the reasons and in the manner provided under the Scheme Information Document & Statement of Additional Information.

b. Redemption by the Magnum holder due to change in the fundamental attributes of the Scheme or due to any other reasons may entail tax consequences. The Trustees, AMC, Fund their directors or their employees shall not be liable for any tax consequences that may arise.

c. The tax benefits described in the Statement of Additional Information are as available under the present taxation laws and are available subject to relevant condition. The information given is included only for general purpose and is based on advice received by the AMC regarding the law and practice currently in force in India and the Investors and Unit Holders should be aware that the relevant fiscal rules or their interpretation may change. As in the case with any investment, there can be no guarantee that the tax position or the proposed tax position prevailing at the time of the investment in the Scheme will endure indefinitely. In view of the individual nature of tax consequences, each Investor / Unit holder is advised to consult his/her/its own professional tax advisor.

18

d. The Mutual Fund is not assuring any dividend nor is it assuring that it will make any dividend distributions. All dividend distributions are subject to the availability of distributable surplus and would depend on the performance of the scheme.

e. Subject to necessary approvals, the Scheme may invest in securities in overseas markets, which could be exposed to

currency risk, sovereign risk, economic and political risks. Prices of ADR/GDR may not move in consonance with the domestic underlying stock due to currency movements and the prices could also be trading at a discount/premium to the underlying stocks

f. Different types of securities in which the scheme would invest as given in the Scheme Information Document carry different

levels of risk. Accordingly the scheme’s risk may increase or decrease depending upon the investment pattern. For e.g. corporate bonds carry a higher amount of risk than Government Securities. Further even among corporate bonds, AAA rated bonds, are comparatively less riskier than AA rated bonds.

g. Subject to necessary approvals, the Scheme may invest in securities in overseas markets, which could be exposed to

currency risk, sovereign risk, economic and political risks. Prices of ADR/GDR may not move in consonance with the domestic underlying stock due to currency movements and the prices could also be trading at a discount/premium to the underlying stocks

h. Stock Lending: There are risks inherent to securities lending, including the risk of failure of the other party, in this case the

approved intermediary, to comply with the terms of the agreement. Such failure can result in the possible loss of rights to the collateral, the inability of the approved intermediary to return the securities deposited by the lender and the possible loss of any corporate benefits accruing thereon.

i. There are risks inherent to securities lending, including the risk of failure of the other party, in this case the approved

intermediary, to comply with the terms of the agreement. Such failure can result in the possible loss of rights to the collateral, the inability of the approved intermediary to return the securities deposited by the lender and the possible loss of any corporate benefits accruing thereon.

j. Investments under the scheme may also be subject to the following risks:

i. Equity and equity related risk: Equity instruments carry both company specific and market risks and hence no assurance of returns can be made for these investments.

ii. Credit risk: Credit risk is risk resulting from uncertainty in counterparty's ability or willingness to meet its contractual

obligations. This risk pertains to the risk of default of payment of principal and interest. Government Securities have zero credit risk while other debt instruments are rated according to the issuer's ability to meet the obligations.

iii. Liquidity Risk pertains to how saleable a security is in the market. If a particular security does not have a market at

the time of sale, then the scheme may have to bear an impact depending on its exposure to that particular security.

iv. Interest Rate risk is associated with movements in interest rate, which depend on various factors such as government borrowing, inflation, economic performance etc. The values of investments will appreciate/depreciate if the interest rates fall/rise.

v. Reinvestment risk: This risk arises from uncertainty in the rate at which cash flows from an investment may be

reinvested. This is because the bond will pay coupons, which will have to be reinvested. The rate at which the coupons will be reinvested will depend upon prevailing market rates at the time the coupons are received.

k. The risks involved in derivatives are:

1. The cost of hedge can be higher than adverse impact of market movements 2. The derivatives will entail a counter-party risk to the extent of amount that can become due from the party. 3. An exposure to derivatives in excess of the hedging requirements can lead to losses.

4. An exposure to derivatives can also limit the profits from a genuine investment transaction. 5. Efficiency of a derivatives market depends on the development of a liquid and efficient market for underlying

securities and also on the suitable and acceptable benchmarks.

6. Derivative products are leveraged instruments and can provide disproportionate gains as well as disproportionate losses to the investor. Execution of such strategies depends upon the ability of the fund manager to identify such opportunities. Identification and execution of the strategies to be pursued by the fund manager involve uncertainty and decision of fund manager may not always be profitable. No assurance can be given that the fund manager will be able to identify or execute such strategies.

l. Risks associated with Investing in Securitized Debt Liquidity risk: There is no assurance that a deep secondary market will develop for the instrument. This could

limit the ability of the investor to resell them.

Limited Recourse: The instruments represent an undivided beneficial interest in the underlying receivables and do not represent an obligation of either the Issuer or the Seller or the originator, or the parent or any affiliate of the

19

Seller, Issuer and Originator. No financial recourse is available to the buyer of the security against the Investors’ Representative.

Delinquency and Credit Risk: Delinquencies and credit losses may cause depletion of the amount available under the Credit Enhancement and thereby the Monthly Investor Payouts to the Holders may get affected if the amount available in the Credit Enhancement facility is not enough to cover the shortfall. On persistent default of an Obligor to repay his obligation, the Servicer may repossess and sell the Vehicle/ Asset. However many factors may affect, delay or prevent the repossession of such Vehicle/Asset or the length of time required to realize the sale proceeds on such sales. In addition, the price at which such Vehicle/Asset may be sold may be lower than the amount due from that Obligor.

Risks due to possible prepayments: Full prepayment of a contract may lead to an event in which investors may be exposed to changes in tenor and yield.

Bankruptcy of the Originator or Seller: If the service provider becomes subject to bankruptcy proceedings and the court in the bankruptcy proceedings concludes that either the sale from each Originator was not a sale then an Investor could experience losses or delays in the payments due under the instrument.

m. Risk factors associated with repo transactions in corporate debt securities is applicable to all the schemes of the

Combine SID except SBI Magnum Gilt Fund – Long Term Plan, SBI Magnum Gilt Fund – Short Term Plan, SBI Nifty Index Fund :

Corporate Bond Repo transactions are currently done on OTC basis and settled on non guaranteed basis. Credit risks could arise if the counterparty does not return the security as contracted on due date. The liquidation of underlying bonds in case of counterparty default would depend on the liquidity of the bond and market conditions at that time. This risk is largely mitigated, as the choice of counterparties is largely restricted and also haircuts are applicable on the underlying bonds depending on credit ratings. Also operational risks are lower as such trades are settled on a DVP basis. In the event of the scheme(s) being unable to pay back the money to the counterparty as contracted in case of transactions as a borrower, the counter party may dispose of the assets (as they have sufficient margin) and the net proceeds may be refunded to the Mutual Fund. Thus, the scheme(s) may in remote cases suffer losses. This risk is normally mitigated by better cash flow planning to take care of such repayments.

n. Risk factors associated with investing in Foreign Securities:

a. Currency Risk:

Moving from Indian Rupee (INR) to any other currency entails currency risk. To the extent that the assets of the Scheme will be invested in securities denominated in foreign currencies, the Indian Rupee equivalent of the net assets, distributions and income may be adversely affected by changes in the value of certain foreign currencies relative to the Indian Rupee.

b. Interest Rate Risk:

The pace and movement of interest rate cycles of various countries, though loosely co-related, can differ significantly. Hence by investing in securities of countries other than India, the Scheme stand exposed to their interest rate cycles.

c. Credit Risk:

Investment in Foreign Debt Securities are subject to the risk of an issuer's inability to meet interest and principal payments on its obligations and market perception of the creditworthiness of the issuer. This is substantially reduced since the SEBI (MF) Regulations stipulate investments only in debt instruments with rating not below investment grade by accredited/registered credit rating agency.To manage risks associated with foreign currency and interest rate exposure, the Mutual Fund may use derivatives for efficient portfolio management including hedging and in accordance with conditions as may be stipulated by SEBI/RBI from time to time.

d. Country Risk:

The Country risk arises from the inability of a country, to meet its financial obligations. It is the risk encompassing economic, social and political conditions in a foreign country, which might adversely affect foreign investors' financial interests. In addition, country risks would include events such as introduction of extraordinary exchange controls, economic deterioration, bi-lateral conflict leading to immobilisation of the overseas financial assets and the prevalent tax laws of the respective jurisdiction for execution of trades or otherwise.

To manage risks associated with foreign currency and interest rate exposure, the Mutual Fund may use derivatives for efficient portfolio management including hedging and in accordance with conditions as may be stipulated by SEBI/RBI from time to time.

4. RISK CONTROL STRATEGIES:

20

The Scheme’s will invest in various securities / instruments which carry various risks such as inability to sell securities, trading volumes and settlement periods, market risk, interest rate risk, liquidity risk, default risk, reinvestment risk etc. Whilst such risks cannot be eliminated, they may be mitigated by diversification and hedging. In order to mitigate the various risks, the portfolio of the Scheme will be constructed in accordance with the investment restriction specified under the Regulations which would help in mitigating certain risks relating to investments in securities market. Further, the AMC has necessary framework in place for risk mitigation at an enterprise level. The Risk Management division is an independent division within the organization. Internal limits are defined and judiciously monitored. Risk indicators on various parameters are computed and are monitored on a regular basis. There is a Board level Committee, the Risk Management Committee of the Board, which enables a dedicated focus on risk factors and the relevant risk mitigants. For risk control, the following may be noted: Liquidity risks: The liquidity of the Scheme’s investments may be inherently restricted by trading volumes, transfer procedures and settlement periods. Liquidity Risk can be partly mitigated by diversification, staggering of maturities as well as internal risk controls that lean towards purchase of liquid securities. Interest Rate Risk: Changes in interest rates affect the prices of bonds. If interest rates rise the prices of bonds fall and vice versa. A well-diversified portfolio may help to mitigate this risk. Additionally, the fund will invest in securities maturing on or before the maturity of the fund. Hence, while the interim NAV will fluctuate in response to changes in interest rates, the final NAV will be more stable. To that extent the interest rate risk will be mitigated at the maturity of the scheme.

Credit Risks Credit risk shall be mitigated by investing in rated papers of the companies having the sound back ground, strong fundamentals, and quality of management and financial strength of the Company. Volatility risks: There is the risk of volatility in markets due to external factors like liquidity flows, changes in the business environment, economic policy etc. The scheme will manage volatility risk through diversification. Further, the fund will invest in a basket of debt and money market securities maturing on or before maturity of the fund with a view to hold them till the maturity of the fund. To that extent the Volatility risk will be mitigated in the scheme.

B. REQUIREMENT OF MINIMUM INVESTORS IN THE SCHEME The Scheme/Plan shall have a minimum of 20 investors and no single investor shall account for more than 25% of the corpus of the Scheme/Plan(s). In case the Scheme / Plan(s) does not have a minimum of 20 investors in the stipulated period, the provisions of Regulation 39(2)(c) of the SEBI (MF) Regulations would become applicable automatically without any reference from SEBI and accordingly the Scheme / Plan(s) shall be wound up and the units would be redeemed at applicable NAV. The two conditions mentioned above shall also be complied within each subsequent calendar quarter thereafter, on an average basis, as specified by SEBI. If there is a breach of the 25% limit by any investor over the quarter, a rebalancing period of one month would be allowed and thereafter the investor who is in breach of the rule shall be given 15 days notice to redeem his exposure over the 25 % limit. Failure on the part of the said investor to redeem his exposure over the 25 % limit within the aforesaid 15 days would lead to automatic redemption by the Mutual Fund on the applicable Net Asset Value on the 15th day of the notice period. The Fund shall adhere to the requirements prescribed by SEBI from time to time in this regard. C. SPECIAL CONSIDERATIONS, IF ANY Investors should study the Scheme Information Document carefully in its entirety and should not construe the contents thereof as advice relating to legal, taxation, investment or any other matters. Investors are advised to consult their legal, tax, investment and other professional advisors to determine possible legal, tax, financial or other considerations of subscribing to or redeeming Units, before making a decision to invest/redeem Units.

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D. DEFINITION AND EXPLANATIONS OF TERMS USED

Applicable NAV (For all schemes except SBI Magnum InstaCash Fund) : For subscription below Rs. Two Lakhs: In respect of valid applications received upto

the cut-off time, by the Mutual Fund alongwith a local cheque or a demand draft payable at par at the place where the application is received, the closing NAV of the day on which application is received shall be applicable. In respect of valid applications received after the cut-off time, by the Mutual Fund alongwith a localcheque or a demand draft payable at par at the place where the application is received, the closing NAV of the next business day shall be applicable.

For subscription of Rs Two Lakhs and above : In respect of purchase of units of the

schemes (other than liquid schemes), the closing NAV of the day on which the funds are available for utilization shall be applicable provided the funds are realised up to 3.00 pm on a business day, subject to the transaction being time stamped appropriately.

For Purchase (For Liquid Schemes / Plans)

1. Where the application is received upto 2.00 p.m. on a day and funds for the entire amount of subscription/purchase as per the application are credited to the bank account of the respective liquid schemes/plans before the cut-off time i.e. available for utilization before the cut-off time – the closing NAV of the day immediately preceding the day of receipt of application shall be applicable;

2. Where the application is received after 2.00 p.m. on a day and funds for the entire amount of subscription/purchase as per the application are credited to the bank account of the respective liquid schemes/plans on the same day i.e. available for utilization on the same day– the closing NAV of the day immediately preceding the next business day shall be applicable;

3. Irrespective of the time of receipt of application, where the funds for the entire

amount of subscription/purchase as per the application are not credited to the bank account for the respective liquid schemes/plans before the cut-off time i.e. not available for utilization before the cut-off time – the closing NAV of the day immediately preceding the day on which the funds are available for utilization shall be applicable.

For allotment of units in respect of Switch – in to Liquid Schemes / Plans from

other schemes: It is necessary that:

1. Application for switch-in is received before the applicable cut-off time. 2. Funds for the entire amount of subscription/purchase as per the switch-in

request are credited to the bank account of the respective switch-in schemes before the cut-off time.

3. The funds are available for utilization before the cut-off time, by the respective switch-in schemes

For Redemptions: In respect of valid applications received upto the cut-off time by the Mutual Fund, same day’s closing NAV shall be applicable. In respect of valid applications received after the cut off time by the Mutual Fund, the closing NAV of the next business day shall be applicable.

SBI Magnum InstaCash Fund

In respect of valid application received under SBI Magnum InstaCash Fund, the following repurchase NAV shall be applicable: 1. Where the application is received upto 3.00 pm – the closing NAV of the day

immediately preceding the next business day ; and

2. Where the application is received after 3.00 pm – the closing NAV of the next business day.

AMC Fees : Investment management & advisory fees charged by the AMC to the scheme as disclosed

in the section under “Fees and Expenses” in the scheme information document.

22

Asset Management Company or The AMC/ SBIFMPL : SBI Funds Management Private Limited, the Asset Management Company, incorporated

under the Companies Act, 1956 and authorized by SEBI to act as Investment Manager to the Schemes of SBI Mutual Fund.

Business Day : For all equity Schemes: A day other than (i) Saturday or Sunday; (ii) a day on which both the National Stock Exchange of India

Limited and the BSE Limited are closed (iii) a day on which the Purchase/Redemption/Switching of Units is suspended (iv) a day on which banks in Mumbai and / RBI are closed for business/clearing except when National Stock Exchange of India Limited and the BSE Limited are open (v) a day which is a public and /or bank holiday at Official Point of Acceptance of SBIMF where the application is received (vi) a day on which normal business cannot be transacted due to storms , floods, natural calamities , bandhs, strikes or such other events as the AMC may specify from time to time.

The AMC reserves the right to declare any day as a Business day or otherwise at any of

the Official Point of Acceptance of SBIMF. Other than equity Schemes: A day other than

(i) Saturday or Sunday; (ii) a day on which both the National Stock Exchange of India Limited and the BSE Limited are closed (iii) a day on which the Purchase/Redemption/Switching of Units is suspended (iv) a day on which banks in Mumbai and / RBI are closed for business/clearing (v) a day which is a public and /or bank holiday at Official Point of Acceptance of SBIMF where the application is received (vi) a day on which normal business cannot be transacted due to storms , floods, natural calamities , bandhs, strikes or such other events as the AMC may specify from time to time. The AMC reserves the right to declare any day as a Business day or otherwise at any of the Official Point of Acceptance of SBIMF.

Combined Sceheme Information Document : This document issued by SBI Mutual Fund, containing the terms of offering

Magnums/Units of the scheme(s) of SBI Mutual Fund for subscription as per the terms contained herein. The Scheme(s) included herein are SBI FMCG Fund, SBI IT Fund, SBI Pharma Fund, SBI Contra Fund, SBI Emerging Businesses Fund, SBI Magnum Children Benefit Plan, SBI Magnum Income Fund, SBI Magnum Taxgain Scheme, SBI Regular Savings Fund, SBI Magnum Gilt Fund, SBI Nifty Index Fund, SBI Magnum Monthly Income Plan and SBI Magnum Instacash Fund. Any modifications to the Combined Scheme Information Document (Combined SID) will be made by way of addendum which will be attached to Combined SID. On issuance and attachment of addendum, the Combined SID will deemed to be an updated Scheme Information Document.

Contingent Deferred Sales Charge (CDSC) : CDSC is a charge imposed when the Magnums/Units are redeemed within the first four

years of Unit ownership. Under the SEBI Regulations, the Fund can charge CDSC to Magnum / Unit holders exiting from the scheme within 4 years of entry. The SEBI Regulations mandates the maximum amount that can be charged in each year.

Cut-off time : 3.00 p.m. Date of Application : The date of receipt of a valid application complete in all respect for issue or repurchase

of Magnum/ Units of this scheme by SBIFMPL at its various offices/branches or the designated centers of the Registrar.

Derivatives : Derivatives are financial contracts of pre-determined fixed duration, whose values are

derived from the value of an underlying primary financial instrument, commodity or index, such as: interest rates, exchange rates, commodities, and equities.

Equity & Equity related Instruments : Equity and Equity Related Instruments include stocks and shares of companies, foreign

currency convertible bonds, ADR/GDR, derivative instruments like stock future/options and index futures and options, warrants, convertible preference shares.

Entry Load : Entry Load means a one-time charge that the investor pays at the time of entry into the

scheme. In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30,

23

2009, No entry load will be charged with respect to applications for purchase / additional purchase / switch-in accepted by the Fund.

Exit Load : A charge paid by the investor at the time of exit from the scheme(s). Forward Rate Agreement/FRA : A FRA is an agreement to pay or receive the difference between the agreed fixed rate

and actual interest prevailing at a stipulated future date. The interest rate is fixed now for a future agreed period wherein only the interest is settled between the counter parties.

Gilts / Govt. Securities : Securities created and issued by the Central Government and/or State Government, as

defined under section 2 of Public Debt Act 1944 as amended or re-enacted from time to time.

Interest Rate Swaps : Interest Rate Swaps (“IRS”) is a financial contract between two parties exchanging a

stream of interest payments for a notional principal amount on multiple occasions till maturity. Typically, one party receives a pre-determined fixed rate of interest while the other party receives a floating rate, which is linked to a mutually agreed benchmark with provision for mutually agreed periodic resets.

Investment Management Agreement (IMA) : The restated and amended IMA dated December 29, 2004 entered into between SBI

Mutual Fund Trustee Company Pvt. Ltd. and SBI Funds Management Pvt. Ltd. as amended from time to time.

Majority (For SBI Magnum Children's Benefit Plan) : Means the age at which a person is deemed to attain majority under the provisions of

the Indian Majority Act, 1875, as amended from time to time. Magnum / Units : One undivided unit issued under the Scheme by the SBI Mutual Fund Magnum Holder / Unit Holder : Any eligible applicant who has been allotted and holds a valid Magnum / units in his

/her/its name. Major : means the age at which a person is deemed to attain majority under the provisions of

the Indian Majority Act, 1875, as amended from time to time. Majority Age : means the age at which a person is deemed to attain majority under the provisions of

the Indian Majority Act, 1875, as amended from time to time. Maturity (For SBI Magnum Children’s Benefit Plan) : Means the attainment of 18 years of age by the Magnum Holder / Unit Holder. Money Market Instruments : includes commercial papers, commercial bills, treasury bills, Government securities

having an unexpired maturity up to one year, call or notice money, certificate of deposit, usance bills, and any other like instruments as specified by the Reserve Bank of India from time to time.

NAV related price : The Repurchase Price and the Sale Price are calculated on the basis of NAV and are

known as NAV related prices. The Repurchase Price is calculated by deducting the exit load factor (if any) from the NAV and the Sale Price is the price at which the Units can be purchased based on Applicable NAV.

Net Asset Value / NAV : Net Asset Value of the Units of the Scheme(s) (including plans / options thereunder)

calculated in the manner provided in this Scheme Information Document or as may be prescribed by the SEBI (Mutual Funds) Regulations, 1996 from time to time.

Non Resident Indian / NRI : A person resident outside India who is a citizen of India or is a person of Indian origin as

per the meaning assigned to the term under Foreign Exchange Management (Investment in firm or proprietary concern in India) Regulations, 2000.

NSE MIBOR : NSE MIBOR is an acronym for National Stock Exchange (NSE) Mumbai Inter Bank Offer

Rate. This rate is computed by NSE on basis of indication by various market participants and published daily.

Official Points

24

of Acceptance : means SBIFMPL Regsitered Office/ SBIFMPL Branches, website of the Mutual Fund i.e. www.sbimf.com , SBIFMPL overseas point of acceptance or the designated centers of the Registrars.

Options : An Option gives holder the right (but not the obligation) to buy or sell a security or other

asset during a given time for a specified price called the 'Strike' price. Sale Price : The price at which the Magnums / Units can be purchased based on Applicable NAV and

calculated in the manner provided in this Scheme Information Document. RBI : Reserve Bank of India, established under Reserve Bank of India Act, 1934. Repurchase/Exit Load : The repurchase load means a charge paid by the investor at the time of exit from the

scheme. Redemption /Repurchase Price : The price (being Applicable NAV minus Exit Load, if any) at which the units can be

redeemed and calculated in the manner provided in this Scheme Information Document.

Registrars : The registrars and transfer agents to the scheme whose appointment is approved by the Trustees of SBIMF. M/s Computer Age Management Services (Pvt.) Ltd. (SEBI Registration Number: INR 000002813). (Computer Age Management Services Pvt. Ltd. Rayala Towers, 158, Anna Salai, Chennai – 600002 and having Registered Office: New No. 10, old no. 178, M.G. R. Salai, Nungambakkam, Chennai – 600034 has been appointed as Registrars and Transfer Agents to the Schemes

Repos : Sale of Government Securities with simultaneous agreement to repurchase them at a

later date. Reverse Repos : Purchase of government securities with simultaneous agreement to sell them at a later

date. Sales /Entry Load : Sales Load means a one-time charge that the investor pays at the time of entry into the

scheme. In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, No entry load will be charged with respect to applications for purchase / additional purchase / switch-in accepted by the Fund.

SBIMFTCPL/Trustees : SBI Mutual Fund Trustee Company Private Limited, a wholly owned subsidiary of SBI,

incorporated under the provisions of the Companies Act, 1956. The registered office of SBIMFTCPL is situated at 9th Floor, Crescenzo, C– 38 & 39, G Block, Bandra-Kurla, Complex, Bandra (East), Mumbai- 400 051. SBIMFTCPL is the Trustee to the SBIMF vide the Restated and Amended Trust Deed dated December 29, 2004, to supervise the activities of The Fund as disclosed in Statement of Additional Information.

SEBI : Securities and Exchange Board of India established under Securities and Exchange Board

of India Act, 1992. SEBI Regulations : Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 for the time

being in force and as amended from time to time, [including by way of circulars or notifications issued by SEBI, the Government of India].

Sponsor / Settlor : State Bank of India, having its Corporate Office at State Bank Bhavan, Madame Cama

Road, Mumbai - 400 021, which has made an initial contribution of Rs. 5 lacs towards the trust fund and has appointed the Trustees to supervise the activities of The Fund.

Switches Switch In - Investments in the scheme from any other existing scheme(s) of SBI Mutual

Fund at applicable NAV. Switch Out - Repurchase/Redemption from the scheme to any other existing scheme(s)

of SBI Mutual Fund at applicable NAV. The Custodians : The custodians to the scheme(s) whose appointment is approved by the Trustees of SBI

Mutual Fund

SBI-SG Global Securities Services Pvt. Ltd. (SEBI Registration Number: IN/CUS/022) having Registered Office at 12th Floor, State Bank Bhavan, Madame Cama Road, Mumbai – 400021 and Corporate Office at Jeevan Seva, Annexe Building, Ground Floor, S. V. Road, Santacruz (West), Mumbai – 400054 has been appointed as Custodian to the Schemes.

The Offer : The issue of Magnums/Units of the Scheme(s) as per the terms contained in this Scheme

Information Document.


25

Total Returns Index (For SBI Nifty Index Fund) : An index that reflects the returns on the index from index gain / loss plus dividend

payments by constituent index stocks. Tracking Error : The extent to which the NAV of the scheme moves in a manner inconsistent (For SBI Nifty Index Fund) with the movements of the index on any given day or over any given period of time

arising from any cause or reason whatsoever including but not limited to differences in the weightage of the investments in the securities and the weightage to such securities in the Nifty and the time lags in deployment or realization of funds under the scheme as compared to the movement of or within the Nifty.

Unit Capital : The aggregate face value of the Units issued and outstanding under the scheme(s).

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E. DUE DILIGENCE BY THE ASSET MANAGEMENT COMPANY It is confirmed that:

I. The Scheme Information Document forwarded to SEBI is in accordance with the SEBI (Mutual Funds) Regulations, 1996 and the guidelines and directives issued by SEBI from time to time.

II. All legal requirements connected with the launch of the scheme as also the guidelines, instructions, etc., issued by the

Government and any other competent authority in this behalf, have been duly complied with.

III. The disclosures made in the Scheme Information Document are true, fair and adequate to enable the investors to make a well informed decision regarding investment in the schemes.

IV. The intermediaries named in the Scheme Information Document and Statement of Additional Information are

registered with SEBI and their registration is valid, as on date.

For SBI Funds Management Private Limited

Signature : Sd/-

Name : Dinesh Kumar Khara Managing Director & CEO

Date: February 23, 2016 Place: Mumbai

27

II. INFORMATION ABOUT THE SCHEME (i) INFORMATION ABOUT THE SCHEME 1. SBI IT Fund / SBI Pharma Fund / SBI FMCG Fund / SBI Contra Fund / SBI Emerging Businesses Fund (earlier known as SBI

MAGNUM SECTOR FUND UMBRELLA) A. TYPE OF THE SCHEME - An open ended equity scheme

B. INVESTMENT OBJECTIVE OF THE SCHEME To provide the investors maximum growth opportunity through equity investments in stocks of growth oriented sectors. There are five sub-funds dedicated to specific sectors viz. IT, Pharmaceuticals, FMCG, Contra subfund for investment in stocks currently out of favour and Emerging Business Fund to participate in the growth potential presented by various companies that are considered emergent and have export orientation/outsourcing opportunities or are globally competitive by investing in the stocks representing such companies. The fund may also evaluate emerging businesses with growth potential and domestic focus. New sub-funds can be added in future after obtaining approval of Trustees and SEBI. C. SCHEME ASSET ALLOCATION & INVESTMENT STRATEGY The broad investment pattern under IT, Pharma, FMCG and Contra will be as follows:

Type of Instrument Normal Allocation (% of Net Assets) Risk Profile

Equities of a particular sector 90 – 100 High

Money Market Instruments *

0 – 10 Low

* Money Market Instruments will include Commercial Paper, Certificates of Deposit, Treasury Bills, Bills Rediscounting, Repos, short term bank deposits, short-term Government securities (of maturities less than 1 year) and any other such short-term instruments as may be allowed under the regulations prevailing from time to time. At least 90% of the funds collected under the scheme shall be invested in equities of a particular sector. (Investor at the time of investing, is required to select his/her/it choice for a particular sector, from various options given for the same.) Remaining funds will be invested in money market instruments. The Investment Managers may, however, at their discretion, alter the pattern of investment in keeping with the long term objectives of the scheme and in the interest of the investors provided such changes do not result in a change in the fundamental attributes / investment profile of the scheme and are short term changes on defensive consideration. Accordingly, investments may also be made in select companies in other industries. The investments may be made in primary as well as secondary markets. The portfolio will be sufficiently diversified so as to reduce the risk of underperformance due to unexpected security specific factors. If allowed in future, the fund may invest in overseas markets (subject to relevant RBI guidelines and subject to RBI approval). The above investment pattern is indicative and may be changed by the fund manager on defensive considerations. The funds raised under the scheme shall be invested only in transferable securities as per Regulation 44(1), Schedule 7 of the SEBI (Mutual Funds) Regulations, 1996. The Scheme being open-ended, some portion of the portfolio will be invested in highly liquid money market instruments or government paper so as to meet the normal repurchase requirements. The remaining investments will be made in securities which are either expected to be reasonably liquid or of varying maturities. However, the NAV of the Scheme may be impacted if the securities invested in are rendered illiquid after investment. The broad investment pattern of the SBI Emerging Businesses Fund will be as follows:

Type of Instrument Normal Allocation (% of Net Assets) Risk Profile Equities or equity related instruments including derivatives across diversified sectors *

At least 90 % Medium to High

Money Market Instruments *

Upto 10% Low

* Investments in equities would be well diversified across various emerging sectors with exposure to a particular business would be restricted to 25% of the total investment portfolio under normal market conditions. For example exposure to stocks of companies belonging to the Pharmaceutical sector may be capped at 25% of the total investment portfolio. Exposure to a particular sector may be however increased upto a maximum limit of 35% under exceptional circumstances at the discretion of the Fund Manager based on his assessment about the potential of that sector with the approval of the Investment Committee. In addition to the above restriction, this Fund shall not invest more than 10% of its assets in equity shares or equity related

28

instruments of any company and shall not invest more than 5% of its assets in unlisted equity shares or equity related instruments of companies. The business areas listed in the highlights to this sub-fund are only indicative and investments may not be restricted to the above areas only. Since the theme for this sub-fund is 'emerging businesses', the Fund Manager may in future also invest in other business areas which maybe considered emergent with domestic focus and/or provide export/outsourcing opportunities and are globally competitive. The Emerging Businesses Fund would primarily focus its investments in emerging business themes, primarily based on the export/outsourcing opportunities and/or global competitiveness of such themes. It will also focus on emerging domestic investment themes. Over the last three to four years a large number of companies have been able to leverage the “low cost and high skill” advantage of India to make a strong foray into the global markets. This move started with companies in the IT and Pharma sectors where companies like Infosys, Wipro, Ranbaxy etc have made a strong mark in the overseas markets and have established the “India” brand name. Subsequently this brand name has been well leveraged by other companies in these industries and today we have a whole array of companies from these industries doing well in the overseas markets. However the India advantage is not restricted to just these sectors. Similar skills combined with the ability to take up high technology customized work for overseas clients has made a number of companies in industries like auto, auto ancillaries, Agrochemicals, Engineering etc to make strong moves overseas. This has resulted in a greater acceptance of India as a destination of high quality work not only in the services sector but also in manufacturing. Over the next few years there will be a number of other such emerging themes. For example, with the phasing out of quotas India share of the overall textiles trade is set to go up exponentially over the next few years. Jewellery exports are also an emerging opportunity for Indian companies operating in this field. The advantage of a large domestic base combined with the recent initiatives on duty free import of raw materials has brightened the prospects for this industry. In the domestic arena, businesses which have actually emerged over the last three to four years have been in the growth areas of Telecom and Infrastructure. So in this regard the investment themes would be companies like Bharati Televentures, Gammon India, and IVRCL Construction etc. These companies are primarily focused on the domestic market. Retailing is likely to be a large emerging domestic oriented sector. Also with the focus on power reforms there is the likelihood of some new growth opportunities in this segment. The cost of capital going down significantly in India in combination with the economic reforms is likely to drive new initiatives from companies across sectors. This has the potential of creating tremendous wealth for shareholders if these initiatives are well executed. With the growth rate in the economy accelerating we believe that the potential for new businesses is also likely to accelerate, thus creating good investment opportunities. D. TYPE OF THE INSTRUMENTS IN WHICH SCHEME WILL INVEST Equities or equity related instruments including derivatives, Money Market Instruments & repo in corporate debt. E. FUNDAMENTAL ATTRIBUTES The following attributes will be considered as fundamental attributes:

a. Type of Scheme An Open-ended Equity Scheme b. Investment Objective To provide the investors maximum growth opportunity through equity investments in stocks of growth oriented sectors. There are five sub-funds dedicated to specific sectors viz. IT, Pharmaceuticals, FMCG, Contra subfund for investment in stocks currently out of favour and Emerging Businesses Fund to participate in the growth potential presented by various companies that are considered emergent and have export orientation/outsourcing opportunities or are globally competitive by investing in the stocks representing such companies. The fund may also evaluate emerging businesses with growth potential and domestic focus. o Main Objective – Growth

o Investment pattern - The indicative portfolio break-up with minimum and maximum asset allocation, while retaining

the option to alter the asset allocation for a short term period on defensive considerations. For detailed asset allocation pattern refer Section C above.

c. Terms of Issue The nature and duration of the Scheme, provision for repurchase, Scheme expenses & fees, as stated elsewhere in the Scheme Information Document. Sale of Units: Magnum / Units would be offered for subscription on all business days at NAV related prices. Liquidity: The scheme would provide repurchase facility to investors on an ongoing basis on all business day Aggregate fee and expenses: Would be restricted to the ceilings of recurring expenses stated in Regulation 52(6) of the SEBI (Mutual Funds) Regulation. The fee and expenses proposed to be charged by the scheme is detailed in Section Fee and Expenses.

29

Any Safety Net or Guarantee provided

This Scheme does not provide any guaranteed or assured return to its Investors.

In accordance with Regulation 18(15A) of the SEBI (MF) Regulations, the Trustee shall ensure that no change in the fundamental attributes of the Scheme thereunder or the trust or fee and expenses payable or any other change which would modify the Scheme and affect the interests of unitholders is carried out unless:

i. A written communication about the proposed change is sent to each Unitholder and an advertisement is given in one

English daily newspaper having nationwide circulation as well as in a newspaper published in the language of the region where the Head Office of the Mutual Fund is situated; and

ii. The Unitholders are given an option for a period of 30 days to exit at the prevailing Net Asset Value without any exit

load.

2. SBI MAGNUM CHILDREN'S BENEFIT PLAN A. TYPE OF THE SCHEME An open ended income scheme B. INVESTMENT OBJECTIVE, SCHEME ASSET ALLOCATION & INVESTMENT STRATEGY The investment objective of the scheme will be to provide attractive returns to the Magnum holders / Unit holders by means of capital appreciation through an actively managed portfolio of debt, equity and money market instruments. Income generated through the receipt of coupon payments, the amortization of the discount on the debt instruments, receipt of dividends or purchase and sale of securities in the underlying portfolio, will be reinvested. The following table shows percentage portfolio allocation:

Type of Instrument % of Corpus Risk Profile Equities or equity related instruments

Not more than 25% Medium to High

Debt instruments (including Securitized debt) and Govt. Securities and Money market instruments

Upto 100% Low to Medium

Securitized Debt Not more than 10 % of the investment in debt instrument

Medium to High

The proportion of the scheme portfolio invested in each type of security will vary in accordance with economic conditions, interest rates, liquidity and other relevant considerations, including the risks associated with each investment. The fund manager with the approval of the Investment Committee may invest the entire assets in GOI securities only depending on the above factors. The scheme however intends to invest only 20% of the corpus in equity and equity related instruments. Any investment in equity and equity related instruments above 20% but within 25% would depend on market conditions if it is deemed to be in the larger interests of the Magnum holders / Unit holders and would be with the prior approval of the Managing Director & CEO. The above investment pattern is indicative and may be changed by the Fund Manager from time to time, keeping in view market conditions, market opportunities, applicable regulations, legislative amendments and other economic factors. It must be clearly understood that the percentages stated above are only indicative and not absolute and that they can vary substantially depending upon the perception of the AMC, the intention being at all times to seek to protect the interests of the Magnum holders / Unit holders. The funds raised under the scheme shall be invested only in transferable securities as per Regulation 44(1), Schedule 7 of the SEBI (MF) Regulations, 1996 as amended from time to time. There can be no assurance that the investment objective of the scheme will be realized. However, the scheme will largely invest in Government Securities, Corporate Papers of reputed and sound companies, Money Market instruments and also in equities in accordance with the investment pattern stated above. The scheme will also review these investments from time to time and the Fund Manager may churn the portfolio to the extent as considered beneficial to the investors. C. TYPE OF THE INSTRUMENTS IN WHICH SCHEME WILL INVEST Equities or equity related instruments, Debt instruments (including Securitized debt),Govt. Securities, Money market instruments & repo in corporate debt. D. PROVISION TO INTRODUCE NEW OPTIONS Under the scheme, there is a provision to introduce one or more options at a later date. Such options, if introduced, would be introduced with the prior approval of the Board of Directors of the AMC and Board of Trustees. SEBI's prior approval may and may not be obtained in conformity with SEBI Regulations applicable to introduction of such options.

30

E. FUNDAMENTAL ATTRIBUTES The fundamental attributes and salient features of the scheme are set out below for the purpose of inviting subscriptions to the scheme from the public. The following attributes will be considered as fundamental attributes: a. Type of scheme Open-ended scheme investing in a portfolio of equity, debt instruments, Derivatives, Government Securities and Money Market instruments etc. b. Investment Objective To actively manage the above portfolio to provide long term capital appreciation to the Magnum holders / Unit holders. o Main Objective – income o Investment pattern - The indicative portfolio break-up with minimum and maximum asset allocation, while retaining the

option to alter the asset allocation for a short term period on defensive considerations. For detailed asset allocation pattern refer Section B above.

c. Terms of Issue Open-ended scheme with sale and repurchase of units on any business day. The nature and duration of the scheme, provision for repurchase, scheme expenses & fees, Accident Insurance cover as stated elsewhere in the Scheme Information Document.

Sale of Units: Magnum / Units would be offered for subscription on all business days at NAV related prices. Liquidity: The scheme would provide repurchase facility to investors on an ongoing basis on all business day Aggregate fee and expenses: Would be restricted to the ceilings of recurring expenses stated in Regulation 52(6) of the SEBI (Mutual Funds) Regulation. The fee and expenses proposed to be charged by the scheme is detailed in Section Fee and Expenses.




i. A written communication about the proposed change is sent to each Unitholder and an advertisement is given in one English daily newspaper having nationwide circulation as well as in a newspaper published in the language of the region where the Head Office of the Mutual Fund is situated; and


load.

3. SBI MAGNUM INCOME FUND (erstwhile Magnum Liquid Bond Income Fund) A. TYPE OF SCHEME Open-ended debt scheme B. OBJECTIVE OF THE SCHEME The objective of the scheme is to provide the investors an opportunity to earn, in accordance with their requirements, through capital gains or through regular dividends, returns that would be higher than the returns offered by comparable investment avenues through investment in debt & money market securities. C. SCHEME ASSET ALLOCATION & INVESTMENT STRATEGY The investment pattern of the Scheme under the scheme will be as follows:

Type of Instrument % of Corpus Risk Profile Corporate debentures & Bonds / PSU / FI / Govt. Guaranteed Bonds / Other including Securitized Debt

Upto 90 % Low to Medium

Securitized Debt

Not more than 10 % of the investment in debt

Medium to High

31

Government Securities Upto 90% Low Cash & Call Money ^ Upto 25% Low Money Market instrument* Upto 25% Low Units on other Mutual Fund Upto 5% Low

^ Pursuant to RBI Guidelines, presently Mutual Funds are not allowed to participate in Call Money. * Money Market Instrumentswill include Commercial Paper, Certificates of Deposit, Treasury Bills, Bills Rediscounting, Repos, short term bank deposits, short-term Government securities (of maturities less than 1 year) and any other such short-term instruments as may be allowed under the regulations prevailing from time to time. D. TYPE OF THE INSTRUMENTS IN WHICH SCHEME WILL INVEST Corporate debentures & Bonds / PSU / FI / Govt. Guaranteed Bonds / Other including Securitized Debt, Government Securities, Money Market instrument, & repo in corporate debt and Units on other Mutual Fund E. FUNDAMENTAL ATTRIBUTES The following attributes will be considered as fundamental attributes: a. Type of Scheme Open-ended debt scheme b. Investment Objective: To provide the investors an opportunity to earn, in accordance with their requirements, through capital gains or regular dividends, returns through investment in debt & money market securities. The investment objective is given in the following paragraphs in this section.

o Main Objective – income

o Investment pattern - The indicative portfolio break-up with minimum and maximum asset allocation, while retaining the option to alter the asset allocation for a short term period on defensive considerations. For detailed asset allocation pattern refer Section C above.

c. Terms of Issue: Sale of Units: Magnum / Units would be offered for subscription on all business days at NAV related prices. Liquidity: The scheme would provide repurchase facility to investors on an ongoing basis on all business day Aggregate fee and expenses: Would be restricted to the ceilings of recurring expenses stated in Regulation 52(6) of the SEBI (Mutual Funds) Regulation. The fee and expenses proposed to be charged by the scheme is detailed in Section Fee and Expenses.






load. 4. SBI MAGNUM TAXGAIN SCHEME Magnum TaxGain Scheme commenced its operations from 1st April, 1993. This scheme was launched as a close ended scheme redeeming on 31st March, 2003. The scheme was converted into an open-ended Scheme with effect from 12th November, 1999. A. TYPE OF THE SCHEME SBI Magnum TaxGain Scheme is an open ended Equity Linked Savings Scheme B. INVESTMENT OBJECTIVE a) Deliver the benefit of investment in a portfolio of equity shares, while offering deduction on such investments made in the scheme under section 80C of the Income Tax Act, 1961.

32

(b) Distribute income periodically depending on distributable surplus. C. SCHEME ASSET ALLOCATION & INVESTMENT STRATEGY The broad investment pattern of the scheme will be as follows:

Type of Instrument % of Corpus Risk Profile Equities, Cumulative Convertible Preference Shares, and Fully Convertible Debentures (FCDs) & Bonds*

80-100 Medium

Money Market Instruments ** 0-20 Low

* Investment shall also be made in Partly Convertible Debentures (PCDs) and bonds including those issued on rights basis subject to the condition that as far as possible the non-convertible portion of the debentures so acquired or subscribed shall be divested within a period of 12 months. The balance funds shall be invested in short term money market instruments or other liquid instruments or both. The investment process as above will be completed within six months. In the interim period the funds will be invested in short term money market instruments or other liquid instruments or both. After 6 months from the closure of the scheme, the fund may invest an amount not exceeding 15% of the resources mobilised in money market and other liquid instruments could go upto 20% of the net assets of the scheme. ** Money Market Instruments will include Commercial Paper, Certificates of Deposit, Treasury Bills, Bills Rediscounting, Repos, short term bank deposits, short-term Government securities (of maturities less than 1 year) and any other such short-term instruments as may be allowed under the regulations prevailing from time to time. The investments may be made in primary as well as secondary markets. The portfolio will be sufficiently diversified so as to reduce the risk of underperformance due to unexpected security specific factors. If allowed in future, the fund may invest in foreign equities (subject to relevant RBI guidelines and subject to RBI approval). Investment in FCDs & PCDs will be in securities rated as investment grade by a credit rating agency authorised to carry out such activity under the SEBI Act, 1992. In case a debt instrument is not rated, Mutual Funds may constitute committees who can approve such proposals for investments in unrated instruments subject to the approval of the detailed parameters for such investments by the Board of Directors of SBIFMPL and SBIMFTCPL. The Scheme being open-ended, some portion of the portfolio will be invested in highly liquid money market instruments or government paper so as to meet the normal repurchase requirements. The remaining investments will be made in securities which are either expected to be reasonably liquid or of varying maturities. However, the NAV of the Scheme may be impacted if the securities invested in are rendered illiquid after investment. The above investment pattern is indicative. The fund manager may change this on defensive considerations, and such changes shall be for short period. The funds raised under the scheme shall be invested only in transferable securities as per SEBI Regulations, 1996. D. TYPE OF THE INSTRUMENTS IN WHICH SCHEME WILL INVEST Equities, Cumulative Convertible Preference Shares, and Fully Convertible Debentures (FCDs), Bonds, Money Market Instruments & repo in corporate debt. E. FUNDAMENTAL ATTRIBUTES

The following attributes will be considered as fundamental attributes: a. Type of Scheme Open-ended Equity Linked Savings Scheme. b. Investment Objective (a) Deliver the benefit of investment in a portfolio of equity shares, while offering deduction on such investments made in the scheme under section 80C of the Income Tax Act, 1961. (b) Distribute income periodically depending on distributable surplus. o Main Objective – Growth


the option to alter the asset allocation for a short term period on defensive considerations. For detailed asset allocation pattern refer Section C above.

c. Terms of Issue

33

The nature and duration of the scheme, provision for repurchase, scheme expenses & fees, Life Insurance cover as stated elsewhere in the Scheme Information Document.






load. 5. SBI REGULAR SAVINGS FUND A. TYPE OF THE SCHEME Open-ended income scheme B. INVESTMENT OBJECTIVE, SCHEME ASSET ALLOCATION & INVESTMENT STRATEGY The investment objective of the scheme will be to provide attractive returns to the Magnum holders / Unit holders either through periodic dividends or through capital appreciation through an actively managed portfolio of debt, equity and money market instruments. Income may be generated through the receipt of coupon payments, the amortization of the discount on the debt instruments, receipt of dividends or purchase and sale of securities in the underlying portfolio. The funds collected under the scheme shall generally be invested consistent with the objective of the scheme in the following manner:

Type of Instrument (% of portfolio) Risk Profile Corporate Debenture and Bonds/PSU, FI, Government guaranteed Bonds, Government Securities including Securitized Debt and International Bonds

Up to 100% Low to Medium

Of which Securitized Debt

Not more than 10% of the of the investments in debt instruments

Medium to High

Of which International Bonds Within SEBI stipulated limits

Medium to High

Equity and Equity related instrument Upto 20%* High

Derivatives instrument Within approved limits

Medium to High

Cash and call and Money Market instrument @

Upto 25% Low

* Only such stocks that comprise the S&P BSE 100 index will be considered for investment under this Plan. @ Money Market Instruments will include Commercial Paper, Commercial Bills, Certificates of Deposit, Treasury Bills, Bills Rediscounting, Repos, Government securities having an unexpired maturity of less than 1 year, alternate to Call or notice money, Usance Bills and any other such short term instruments as may be allowed under the regulations prevailing from time to time. @ Pursuant to RBI Guidelines, presently Mutual Funds are not allowed to participate in Call Money. Investments in Cash and Money Market instruments maybe increased beyond the limit indicated above at the discretion of the Fund Manager on temporary defensive considerations and in the interest of the Magnum holders / Unit holders. The Plans under the scheme may under normal circumstances have investments in a combination of Corporate Debenture and Bonds/PSU, FI, Government guaranteed Bonds, Government Securities including Securitized Debt and International Bonds although the mix and the portfolio maturities would to a large extent depend on market conditions. The purpose of investment in Government Securities would primarily be for duration management and to take advantage of any trading opportunities that may arise on account of interest rate movements while investments in Corporate Bonds and Debentures would primarily be to build a core portfolio for generating income on the portfolio.

34

The investments will be made in primary as well as secondary markets. The portfolio will be sufficiently diversified so as to reduce the risk of underperformance due to unexpected security specific factors. The proportion of the scheme portfolio invested in each type of security will vary in accordance with economic conditions, interest rates, liquidity and other relevant considerations, including the risks associated with each investment. The scheme being open ended, some portion of the portfolio will be invested in highly liquid money market instruments or Government Papers so as to meet normal repurchase requirements. The remaining investments will be made in securities, which are either expected to be reasonably liquid, or of varying maturities. However, the NAV of the scheme maybe impacted if the securities invested in are rendered illiquid after investment. Debt instruments in which the scheme invests shall be rated as not below investment grade by atleast one recognized credit rating agency authorized under the SEBI Act, 1992. In case of short-term instruments, investments will be restricted to the instruments having CRISIL rating of P-2 and above and/or ICRA rating of A-2 and above or equivalent rating by other rating agencies. In case a debt instrument is not rated, mutual funds may constitute committees who can approve such proposals for investments in unrated instruments subject to the approval of the detailed parameters for such investments by the Board of Directors and Board of Trustees. The investment in ADRs/ GDRs/ Foreign Securities by the Mutual Fund shall be within overall all limit of US $ 5 billion with a sub – ceiling for individual mutual funds, subject to a maximum of US $ 300 million per mutual fund as allowed under SEBI Circular dated September 26, 2007.Further the AMC shall comply with all guidelines issued by SEBI from time to time. Performance will depend on the Asset Management Company's ability to assess accurately and react to changing market conditions. The scheme may also enter into repurchase and reverse repurchase obligation in all securities held by it as per the guidelines and regulations applicable for such transactions.Any investment in Government securities may be in securities supported by ability to borrow from the Treasury, or sovereign or state government guarantee, or supported by the Government of India / a State Government in any other manner. Further, the scheme may participate in securities lending, invest in foreign securities, trade in derivatives as permitted under SEBI (MF) Regulations, 1996. The above investment pattern is indicative and may be changed by the Fund Manager from time to time, keeping in view market conditions, market opportunities, applicable regulations, legislative amendments and other political and economic factors. It must be clearly understood that the percentages stated above are only indicative and not absolute and that they can vary substantially depending upon the perception of the AMC, the intention being at all times to seek to protect the interests of the Magnum holders / Unit holders. The funds raised under the scheme shall be invested only in transferable securities as per Regulation 44(1), Schedule 7 of the SEBI (Mutual Funds) Regulations, 1996 as amended from time to time. There can be no assurance that the investment objective of the scheme will be realized. However, the scheme will largely invest in Corporate Papers of reputed and sound companies, Government Securities, Money Market instruments and also in the stocks of similar companies in accordance with the investment pattern stated above. The scheme will also review these investments from time to time and the Fund Manager may churn the portfolio to the extent as considered beneficial to the investors. C. TYPE OF THE INSTRUMENTS IN WHICH SCHEME WILL INVEST Corporate Debenture and Bonds/PSU, FI, Government guaranteed Bonds, Government Securities including Securitized Debt and International Bonds, Securitized Debt, International Bonds, Equity and Equity related instrument, Cash and call, repo in corporate debt and Money Market instrument D. PROVISION TO INTRODUCE NEW OPTIONS Under the scheme, there is a provision to introduce one or more options at a later date. Such options, if introduced, would be introduced with the prior approval of the Board of Directors of the AMC and Board of Trustees. SEBI's prior approval may or may not be obtained in conformity with SEBI Regulations applicable to introduction of such options. E. FUNDAMENTAL ATTRIBUTES The fundamental attributes and salient features of the scheme are set out below for the purpose of inviting subscriptions to the scheme from the public. The following attributes will be considered as fundamental attributes:

a. Type of scheme Open-end income scheme b. Investment Objective To actively manage the above portfolio to provide returns through periodic dividends/capital appreciation to the Magnum holders / Unit holders. o Main Objective – income


the option to alter the asset allocation for a short term period on defensive considerations. For detailed asset allocation pattern refer Section B above.

c. Terms of Issue

35

Open-end scheme with sale of units on any business day. The nature and duration of the scheme, provision for repurchase, scheme expenses & fees, Life Insurance cover as stated elsewhere in the Scheme Information Document. Sale of Units: Magnum / Units would be offered for subscription on all business days at NAV related prices.

Liquidity: The scheme would provide repurchase facility to investors on an ongoing basis on all business day Any Safety Net or Guarantee provided

This Scheme does not provide any guaranteed or assured return to its Investors. Aggregate fee and expenses: Would be restricted to the ceilings of recurring expenses stated in Regulation 52(6) of the SEBI (Mutual Funds) Regulation. The fee and expenses proposed to be charged by the scheme is detailed in Section Fee and Expenses. In accordance with Regulation 18(15A) of the SEBI (MF) Regulations, the Trustee shall ensure that no change in the fundamental attributes of the Scheme thereunder or the trust or fee and expenses payable or any other change which would modify the Scheme and affect the interests of unitholders is carried out unless:



load. 6. SBI MAGNUM GILT FUND Gilt Markets in India The Government securities market constitutes the principal segment of debt market. It not only provides resources to the Government for meeting its short term and long term needs but also acts as the benchmark for pricing corporate papers of varying maturities. The Government Securities market includes the dated securities issued by the government, both central and state and T-bills of all maturities. Government securities markets offer a highly liquid and zero credit risk investment avenue. This includes both the market for government and stategovernment securities which are issued by the central government and state governments respectively through the Reserve Bank of India (RBI). RBI is Issue Manager and the Registrar to the issue. Government securities are sold on auction basis in the primary market. The main bidders in the primary market are Primary Dealers (DFHI, STCI, SBI Gilts Ltd.), Insurance Companies, Banks, MF’s and FIs. The secondary market transactions happen both on the OTC market and screen based Negotiated Order Matching System . The securities are registered in the name of holder at Public Debt Office (PDO) of the RBI. The RBI acts as a depository and maintains Subsidiary General Ledger (SGL) accounts. The G-Sec Market is settled on-line through Negotiated Dealing System of Clearing Corporation of India Ltd. These securities are coupon bearing instruments traded at a discount/premium to the face value. A.TYPE OF THE SCHEME An Open-ended Gilt scheme B. INVESTMENT OBJECTIVE, SCHEME ASSET ALLOCATION & INVESTMENT STRATEGY To provide the investors with returns generated through investments in government securities issued by the Central Government and / or a State Government. A portfolio invested in securities issued by Government of India (G-Secs) or the state government securities is normally associated with an investment strategy in the debt markets that is free of credit risk (i.e. the risk of default by the issuer). The scheme may also invest in the term / notice money market (or in any alternative investment to the call market as may be directed by RBI), repos and reverse repos in order to meet the liquidity requirements of the scheme or on defensive considerations. Income may be generated through the receipt of the coupon payments, the amortisation of the discount on debt instruments or the purchase and sale of securities in the underlying portfolio. To ensure total safety of the Magnumholder's Funds, the scheme will not invest in any other securities such as shares or corporate debentures. The Fund will seek to underwrite issuance of Government Securities if and to the extent permitted by SEBI / RBI and subject to the prevailing rules and regulations specified in this respect and may also participate in their auction from time to time. The scheme offers investors two separate investment plans (i.e. Short-Term Plan and Long-Term Plan) representing investments made and held in two separate investment portfolios. The portfolios of the two Plans may differ in the allocation to a particular asset class and in the average portfolio-maturity. Under the Short-Term Plan, the funds will be normally managed to a maximum average portfolio-maturity of three years. Under the Long-Term Plan, the funds will normally be managed to an average portfolio-maturity longer than three years. In normal circumstances, it is anticipated that the asset allocation under both the Plans shall be as follows:

36

Asset Class Maximum Exposure Credit Risk

Profile Government of India dated Securities

100% Sovereign

State Government dated Securities 100% Low

Government of India Treasury bill 100% Sovereign

The portion of the schemes portfolio invested in each type of security will vary in accordance with economic conditions, interest rates, liquidity and other relevant considerations, including the risks associated with each investment. Performance will depend on the Asset Management Company's ability to assess accurately and react to changing market conditions. Under the Long Term Plan - Dividend Plan, dividend would be declared on a quarterly basis subject to the availability of distributable surplus whereas the returns under the Options of the Growth Plan would be through capital appreciation only. The Short-Term Plan and the Long-Term Plan are not Money Market Mutual Funds schemes as defined by the RBI. The Mutual Fund reserves the right to suitably alter the frequency of the dividend payments under the various plans depending on the performance and any change in the tax laws. There can be no assurance that the investment objective of the scheme will be realised. It is, however, emphasised that investments made under both Plans of the scheme are made in Government Securities where there is no risk of default of payment in principal or interest amount. C. LIQUIDITY SUPPORT FROM RBI It is the intention of the scheme to avail itself of the liquidity support from the RBI extended to mutual funds dedicated to investments in government securities via circular IDMC.No.2741/03.01.00/95-96 dated April 20, 1996. D. TYPE OF THE INSTRUMENTS IN WHICH SCHEME WILL INVEST Government of India dated Securities; State Government dated Securities and Government of India Treasury bill E. PROVISION TO INTRODUCE NEW PLANS Under the scheme, there is a provision to introduce one or more plans at a later date. These plans would offer interval / close ended options of various maturities, etc. Such Plans, if introduced, would be introduced with the prior approval of SEBI. F. Fundamental Attributes The fundamental attributes and salient features of the SBI Magnum Gilt Fund is set out below for the purpose of inviting subscriptions to the scheme from the public. The following attributes will be considered as fundamental attributes:

a. Type of scheme Open-ended gilt scheme b. Investment Objective To generate returns through investments in Government Securities. o Main Objective – income


the option to alter the asset allocation for a short term period on defensive considerations. For detailed asset allocation pattern refer Section B above.

c. Terms of Issue

Open-end scheme with purchase and redemption of Magnums / Units on any business day. The nature and duration of the scheme, provision for repurchase, scheme expenses & fees, as stated elsewhere in the scheme information document. Sale of Units: Magnum / Units would be offered for subscription on all business days at NAV related prices. Liquidity: The scheme would provide repurchase facility to investors on an ongoing basis on all business day Any Safety Net or Guarantee provided


37

Aggregate fee and expenses: Would be restricted to the ceilings of recurring expenses stated in Regulation 52(6) of the SEBI (Mutual Funds) Regulation. The fee and expenses proposed to be charged by the scheme is detailed in Section Fee and Expenses.




load.

7. SBI NIFTY INDEX FUND A. TYPE OF THE SCHEME SBI Nifty Index Fund is an open ended passively managed growth scheme. B. INVESTMENT OBJECTIVE OF THE SCHEME The scheme will adopt a passive investment strategy. The scheme will invest in stocks comprising the CNX Nifty index in the same proportion as in the index with the objective of achieving returns equivalent to the Total Returns Index of CNX Nifty index by minimizing the performance difference between the benchmark index and the scheme. The Total Returns Index is an index that reflects the returns on the index from index gain/ loss plus dividend payments by the constituent stocks. C. SCHEME ASSET ALLOCATION & INVESTMENT STRATEGIES The investment pattern of the scheme is as follows:

Instrument % of Portfolio Risk Profile Stock comprising the CNX Nifty Not More than 100% Medium to High

Cash and call money * Not more than 10% Low

* Pursuant to RBI Guidelines, presently Mutual Funds are not allowed to participate in Call Money. The Scheme shall make investment in derivative as permitted under the SEBI Regulations. The funds raised under the scheme shall be invested only in the stocks comprising the CNX Nifty Index and will be as per Regulation 44(1), Schedule 7 of the SEBI (Mutual Funds) Regulations, 1996. There can be no assurance that the investment objective of the scheme will be realized. The Fund Manager may churn the portfolio to the extent as considered necessary to replicate the index. D. TYPE OF THE INSTRUMENTS IN WHICH SCHEME WILL INVEST Stock comprising the CNX Nifty including derivative , Cash and call money E. PROVISION TO INTRODUCE NEW OPTIONS Under the scheme, there is a provision to introduce options that will endeavour to passively track other indices. Such options when introduced will declare separate NAVs and will have a separate asset class F. FUNDAMENTAL ATTRIBUTES The fundamental attributes and salient features of the scheme are set out below for the purpose of inviting subscriptions to the scheme from the public. The following attributes will be considered as fundamental attributes:

a. Type of scheme Open-ended passively managed Growth Scheme. b. Investment Objective Primary objective is to track the CNX Nifty Index with minimum tracking error. o Main Objective – Growth

38

o Investment pattern - The indicative portfolio break-up with minimum and maximum asset allocation, while retaining the option to alter the asset allocation for a short term period on defensive considerations. For detailed asset allocation pattern refer Section C above.

c. Terms of Issue The nature and duration of the scheme, provision for repurchase, scheme expenses & fees, as stated elsewhere in the Scheme Information Document.

Sale of Units: Magnum / Units would be offered for subscription on all business days at NAV related prices. Liquidity: The scheme would provide repurchase facility to investors on an ongoing basis on all business day Aggregate fee and expenses: Would be restricted to the ceilings of recurring expenses stated in Regulation 52(6) of the SEBI (Mutual Funds) Regulation. The fee and expenses proposed to be charged by the scheme is detailed in Section Fee and Expenses.



In accordance with Regulation 18(15A) of the SEBI (MF) Regulations, the Trustee shall ensure that no change in the fundamental attributes of the Scheme thereunder or the trust or fee and expenses payable or any other change which would modify the Scheme and affect the interests of unitholders is carried out unless: i. A written communication about the proposed change is sent to each Unitholder and an advertisement is given in one English

daily newspaper having nationwide circulation as well as in a newspaper published in the language of the region where the Head Office of the Mutual Fund is situated; and

ii. The Unitholders are given an option for a period of 30 days to exit at the prevailing Net Asset Value without any exit load.

The fundamental attributes as defined above or fees and expenses payable (if they exceed limits prescribed by SEBI) or any other change which would modify the scheme and affects the interest of unitholders, shall not be carried out unless, a written communication about the proposed change is sent to each unitholder and an advertisement is given in one English daily newspaper having nationwide circulation as well as in a newspaper published in the language of the region where the Head Office of the mutual fund is situated; and the unitholders are given an option to exit at the prevailing Net Asset Value without any exit load. G. THE CNX NIFTY INDEX CNX Nifty is owned and managed by India Index Services and Products Ltd. (IISL). India Index Services & Products Limited (IISL), a subsidiary of NSE Strategic Investment Corporation Limited was setup in May 1998 to provide a variety of indices and index related services and products for the Indian capital markets. The CNX Nifty is a well diversified 50 stock index accounting for 23 sectors of the economy. It is used for a variety of purposes such as benchmarking fund portfolios, index based derivatives and index funds. The scrips and the weightages of the CNX Nifty Index as on February 24, 2016 are as follows:

SECURITY NAME WEIGHTAGE (%)

INFOSYS LTD. 8.967389

HDFC BANK LTD. 7.505781

I T C LTD. 6.451692

HOUSING DEVELOPMENT FINANCE CORPORATION LTD. 6.440349

RELIANCE INDUSTRIES LTD. 6.279136

TATA CONSULTANCY SERVICES LTD. 4.544833

ICICI BANK LTD. 4.338105

SUN PHARMACEUTICAL INDUSTRIES LTD. 3.717929

LARSEN & TOUBRO LTD. 3.639565

AXIS BANK LTD. 2.586481

KOTAK MAHINDRA BANK LTD. 2.543171

HINDUSTAN UNILEVER LTD. 2.369345

TATA MOTORS LTD. 2.364418

MAHINDRA & MAHINDRA LTD. 2.24861

39

SECURITY NAME WEIGHTAGE (%)

STATE BANK OF INDIA 1.928344

MARUTI SUZUKI INDIA LTD. 1.842582

HCL TECHNOLOGIES LTD. 1.79872

BHARTI AIRTEL LTD. 1.785721

LUPIN LTD. 1.692471

INDUSIND BANK LTD. 1.599113

ASIAN PAINTS LTD. 1.593659

DR. REDDY'S LABORATORIES LTD. 1.528371

COAL INDIA LTD. 1.514718

OIL & NATURAL GAS CORPORATION LTD. 1.499601

WIPRO LTD. 1.370659

HERO MOTOCORP LTD. 1.276222

BAJAJ AUTO LTD. 1.271708

POWER GRID CORPORATION OF INDIA LTD. 1.228199

ULTRATECH CEMENT LTD. 1.143185

CIPLA LTD. 1.041446

TECH MAHINDRA LTD. 1.03175

NTPC LTD. 0.977826

YES BANK LTD. 0.901547

GRASIM INDUSTRIES LTD. 0.855376

ZEE ENTERTAINMENT ENTERPRISES LTD. 0.846739

BHARAT PETROLEUM CORPORATION LTD. 0.793073

ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD. 0.723572

TATA STEEL LTD. 0.659651

BOSCH LTD. 0.596685

AMBUJA CEMENTS LTD. 0.589433

GAIL (INDIA) LTD. 0.582161

BANK OF BARODA 0.501192

IDEA CELLULAR LTD. 0.468931

ACC LTD. 0.460373

TATA POWER CO. LTD. 0.417883

HINDALCO INDUSTRIES LTD. 0.340984

BHARAT HEAVY ELECTRICALS LTD. 0.337229

VEDANTA LTD. 0.311469

CAIRN INDIA LTD. 0.278057

PUNJAB NATIONAL BANK 0.214543

H. TRACKING ERROR The performance of the Scheme may not exactly replicate the returns from the total returns index due to tracking error which may arise due to various factors including but not limited to:

i. Expenditure incurred by the fund on an ongoing basis on account of transaction costs, management fees etc. ii. The CNX Nifty Index reflects the prices of shares at close of business hours. However, the scheme may buy or off-load

shares at different points of time during the trading session at the then prevailing prices which may not correspond to the closing prices on the NSE.

iii. The holding of a cash position to meet redemption or on account of inability to deploy the cash immediately to purchase index stocks.

40

iv. Time lag in the rebalancing of the portfolio due the corporate actions such as addition/removal of scrips from the index.

The Tracking Error that may arise in this scheme is expected to be in the range of 0.5% to 1.00% on an annualised basis. This is only an estimate and is expected to vary according to the expenses incurred by the scheme.

8. SBI MAGNUM MONTHLY INCOME PLAN

(An open- ended debt Scheme. Monthly Income is not assured and is subject to availability of distributable surplus)

A. TYPE OF THE SCHEME Open-end debt scheme B. INVESTMENT OBJECTIVE, SCHEME ASSET ALLOCATION & INVESTMENT STRATEGIES The objective of the scheme will be to provide regular income, liquidity and attractive returns to the investors through an actively managed portfolio of debt, equity and money market instruments. Income may be generated through the receipt of coupon payments, the amortization of the discount on the debt instruments, receipt of dividends or purchase and sale of securities in the underlying portfolio. The following table shows percentage portfolio allocation:

Instrument % of Portfolio Risk Profile Equity and equity related instrument Not More than 15% Medium to High Debt instrument (including securitized debt) and Govt. Securities and Money Market instrument

Not less than 85% Low to Medium

Securitized Debt Not more than 10 % of investment in debt instrument Medium to High

The proportion of the scheme portfolio invested in each type of security will vary in accordance with economic conditions, interest rates, liquidity and other relevant considerations, including the risks associated with each investment. Performance will depend on the Asset Management Company's ability assess accurately and react to changing market conditions. The scheme may also enter into repurchase and reverse repurchase obligation in all securities held by it as per the guidelines and regulations applicable for such transactions. Further, the scheme may participate in securities lending as permitted under SEBI (MF) Regulations, 1996. The above investment pattern is indicative and may be changed by the Fund Manager on defensive considerations. The funds raised under the scheme shall be invested only in transferable securities as per Regulation 44(1), Schedule 7 of the SEBI (Mutual Funds) Regulations, 1996. The Mutual Fund reserves the right to suitably alter the frequency of the dividend payments under the various plans depending on the performance and any change in the tax laws. There can be no assurance that the investment objective of the scheme will be realized. However, the scheme will largely invest in Corporate Papers of reputed and sound companies, Government Securities, Money Market instruments and also in the scrips of similar companies in accordance with the investment pattern stated above. The scheme will also review these investments from time to time and the Fund Manager may churn the portfolio to the extent as considered beneficial to the investors.

C. TYPE OF THE INSTRUMENTS IN WHICH SCHEME WILL INVEST

Equity and equity related instrument, Debt instrument (including securitized debt) and Govt. Securities and Money Market instrument

D. PROVISION TO INTRODUCE NEW PLANS Under the scheme, there is a provision to introduce one or more plans at a later date. Such Plans, if introduced, would be introduced with the prior approval of SEBI. E. FUNDAMENTAL ATTRIBUTES The fundamental attributes and salient features of the scheme areset out below for the purpose of inviting subscriptions to the scheme from the public: The following attributes will be considered as fundamental attributes:

a. Type of scheme Open-end debt scheme b. Investment Objective Primary objective is to generate regular income in order to make regular dividend payments and the secondary objective is growth of capital.

41

o Main Objective – income

o Investment pattern - The indicative portfolio break-up with minimum and maximum asset allocation, while retaining the option to alter the asset allocation for a short term period on defensive considerations. For detailed asset allocation pattern refer Section B above.

c. Terms of Issue Open-end scheme with purchase and redemption of units on any business day. The nature and duration of the scheme, provision for repurchase, scheme expenses & fees, as stated elsewhere in the Scheme Information Document.

Sale of Units: Magnum / Units would be offered for subscription on all business days at NAV related prices. Liquidity: The scheme would provide repurchase facility to investors on an ongoing basis on all business day Any Safety Net or Guarantee provided

This Scheme does not provide any guaranteed or assured return to its Investors. Aggregate fee and expenses: Would be restricted to the ceilings of recurring expenses stated in Regulation 52(6) of the SEBI (Mutual Funds) Regulation. The fee and expenses proposed to be charged by the scheme is detailed in Section Fee and Expenses.




load. 9. SBI MAGNUM INSTACASH FUND

A. TYPE OF THE SCHEME - Open-ended liquid scheme B. Objective of the scheme The objective ofof the SBI Magnum InstaCash Fund is to provide investors an investment opportunity to earn returns through investment in debt & money market securities, while having the benefit of very high degree of liquidity. The objective of Liquid Floater Plan of the scheme is to mitigate interest rate risk and generate opportunities for regular income through a portfolio investing predominantly in floating rate securities and money market instruments. C. SCHEME ASSET ALLOCATION & INVESTMENT STRATEGY The funds collected under the scheme shall be invested, consistent with the objective of the scheme. The investment pattern of the scheme will be as follows:

Type of Instruments

Normal Allocation (% of Net Assets)

Risk Profile

% of portfolio Plan Dividend and Growth Plan

% of portfolio Liquid Floater Plan

Debt instruments (including Debt derivatives) and Money Market instruments (including cash/ CBLO / Repo and equivalent) with a residual maturity in line with SEBI regulation Upto 100% Upto 100% Low to Medium

Securitized Debt Up to 20% Up to 20% Medium to High

Liquid Floater Plan will invest in floating rate securities and money market instruments would constitute atleast 65% of the total investments. The investments may be made in primary as well as secondary markets. The portfolio will be sufficiently diversified so as to reduce the risk of underperformance due to unexpected scrip specific factors. If allowed in future, the fund may invest in foreign debt (subject to relevant RBI guidelines and subject to SEBI and RBI approval). Any investment in Government securities may be in securities supported by ability to borrow from the Treasury, or sovereign or state government guarantee, or supported by the Government of India / a State Government in any other manner.

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The Scheme is classified as liquid scheme and in accordance with SEBI Circular SEBI/IMD/CIR NO. 13/150975/09 dated January 19, 2009, the Schemes shall make investment in /purchase debt and money market securities with maturity of upto 91 days only. D. TYPE OF THE INSTRUMENTS IN WHICH SCHEME WILL INVEST Debt instruments (including Debt derivatives) and Money Market instruments (including cash/ CBLO / Repo and equivalent) with a residual maturity in line with SEBI regulation securitized debt and repo in corporate debt. E. FUNDAMENTAL ATTRIBUTES The following attributes will be considered as fundamental attributes:

a. Type of Scheme Open-ended liquid scheme b. Investment Objective For SBI Magnum InstaCash Fund: To provide the investors an opportunity to earn returns through investment in debt & money market securities, while having the benefit of a very high degree of liquidity. For Liquid Floater Plan: To mitigate interest rate risk and generate opportunities for regular income through a portfolio investing predominantly in floating rate securities and money market instruments. o Main Objective – income o Investment pattern - The indicative portfolio break-up with minimum and maximum asset allocation, while

retaining the option to alter the asset allocation for a short term period on defensive considerations. For detailed asset allocation pattern refer Section D above.

c. Terms of Issue

Sale of Units: Magnum / Units would be offered for subscription on all business days at NAV related prices. Liquidity: The scheme would provide repurchase facility to investors on an ongoing basis on all business day Aggregate fee and expenses: Would be restricted to the ceilings of recurring expenses stated in Regulation 52(6) of the SEBI (Mutual Funds) Regulation. The fee and expenses proposed to be charged by the scheme is detailed in Section Fee and Expenses. Any Safety Net or Guarantee provided

This Scheme does not provide any guaranteed or assured return to its Investors. In accordance with Regulation 18(15A) of the SEBI (MF) Regulations, the Trustee shall ensure that no change in the fundamental attributes of the Scheme thereunder or the trust or fee and expenses payable or any other change which would modify the Scheme and affect the interests of unitholders is carried out unless:

i. A written communication about the proposed change is sent to each Unitholder and an advertisement is given in one

English daily newspaper having nationwide circulation as well as in a newspaper published in the language of the region where the Head Office of the Mutual Fund is situated; and


load.

(ii) TRADING IN DERIVATIVES

The Fund's trading in derivatives would be in line that is permitted by SEBI Regulations from time to time. The Fund may use any hedging techniques that are permissible now or in future, under SEBI regulations, in consonance with the scheme's investment objective, including investment in derivatives such as interest rate swaps. The Fund shall fully cover its position in the derivatives market by holding underlying securities / cash or cash equivalents / option and / or obligation for acquiring underlying assets to honour the obligations contracted in the derivatives market. The Fund shall maintain separate records for holding the cash and cash equivalents / securities for this purpose. The securities held shall be marked to market by the AMC to ensure full coverage of investments made in derivative products at all times.

SEBI has also vide circular DNPD/Cir-29/2005 dated 14th September 2005 permitted Mutual Funds to participate in the derivatives market at par with Foreign Institutional Investors (FII). Accordingly, Mutual Funds shall be treated at par with a registered FII in respect of position limits in index futures, index options, stock options and stock futures contracts.

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I. Position Limit The position limits for the Mutual Fund and its schemes, for transaction in derivatives segment are in compliance to the SEBI Circular no. SEBI/DNPD/Cir-31/2006 dated September 22, 2006, and to all such amendments as applicable from time to time. The position limits are given as under: i. Position limit for the Mutual Fund in index options contracts The Mutual Fund position limits in index option contracts on a particular underlying index shall be higher of: a. Rs. 500 Crore; or b. 15% of the total open interest in the market in index options contracts. This limit would be applicable on open positions in all options contracts on a particular underlying index. ii. Position limit for the Mutual Fund in index futures contracts: The Mutual Fund position limits in index futures contracts on a particular underlying index shall be higer of: a. Rs. 500 Crore; or b. 15% of the total open interest in the market in index futures contracts.

This limit would be applicable on open positions in all futures contracts on a particular underlying index.

iii. Additional position limit for hedging In addition to the position limits at point (i) and (ii) above, the Mutual Fund may take exposure in index Derivatives subject to the following limits: 1. Short positions in index derivatives (short futures, short calls and long puts) shall not exceed (in notional value) the Mutual Fund's holding of stocks. 2. Long positions in index derivatives (long futures, long calls and short puts) shall not exceed (in notional value) the Mutual Fund's holding of cash, government securities, T-Bills and similar instruments. iv. Position limit for Mutual Funds for stock based derivative contracts 1. For stocks having applicable market-wise position limit (MWPL) of Rs. 500 crores or more, the combined futures and options position limit shall be 20% of applicable MWPL or Rs. 300 crores, whichever is lower and within which stock futures position cannot exceed 10% of applicable MWPL or Rs. 150 crores, whichever is lower. 2. For stocks having applicable market-wise position limit (MWPL) less than Rs. 500 crores, the combined futures and options position limit would be 20% of applicable MWPL and futures position cannot exceed 20% of applicable MWPL or Rs. 50 crore which ever is lower. v. Position limit for each scheme of a Mutual Fund The scheme-wise position limit / disclosure requirements shall be – 1. For stock option and stock futures contracts, the gross open position across all derivative contracts on a particular underlying stock of a scheme of a mutual fund shall not exceed the higher of: 1% of the free float market capitalization (in terms of number of shares). Or 5% of the open interest in the derivative contracts on a particular underlying stock (in terms of number of contracts). 2. This position limits shall be applicable on the combined position in all derivative contracts on an underlying stock at a Stock Exchange. Illustrations i. Arbitrage: Buy 1000 stocks of Company A at Rs 100 and sell the equivalent of stocks future of the Company A at Rs 101. 1. Market goes up and the stock end at Rs 150. At the end of the month the future expires automatically:

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At the settlement date we assume that future price = closing spot price = Rs 150 a. Gain on stock is 1000*(150-100) = Rs 50000 b. Loss on future is 1000*(101-150) = Rs - 49000 c. Then gain realized is 50 000 - 49 000 = Rs 1000 2. Market goes down and the stock end at Rs 50. At the end of the month the future expires automatically: At the settlement date we assume that future price = closing spot price = Rs 50 a. Loss on stock is 1000*(50-100) = Rs - 50000 b. Gain on future is 1000*(101-50) = Rs 51000 Then gain realized is 51000 - 50000 = Rs 1000 ii. Unwinding an arbitrage position: Buy 1000 stocks of Company A at Rs 100 and sell the equivalent of stocks future of the Company A at Rs 101. The market goes up and at some point of time during the month the stock trades at Rs 150 and the future trades at Rs 149 then we unwind the position: 1. Buy back the future at Rs 149 : loss incurred is (101- 149)*1000= Rs - 48 000 2. Sell the stock at Rs 150 : gain realized : (150-100)*1000 = Rs 50 000 3. Net gain is 50 000 - 48 000 = Rs 2 000 iii. Roll over the futures: In this case we keep the underlying stock position intact and roll over the futures position into next month. For example, if the underlying stock is trading around Rs 150 on or closer to the expiry date, the stock future is also generally likely to trade closer to similar levels. In such a case, if the next month futures are trading at levels higher than the current month futures, we roll over the future position to the next month (i.e. instead of letting the current month future expire (on expiry day), we buyback the current month future and sell the next month future in its place, keeping the underlying stock position unchanged): a. Stock future next month is at Rs 151 b. Stock future actual month is at Rs 150 c. Then sell future next month at Rs 151 and buy back actual future at Rs 150 => gain of 1000*(151-150) = Rs 1000 and the arbitrage is continuing. In case, the future price trades at discount to spot price (any time during the period till the expiry date) then the original position will be squared by buying the future and selling the spot market position.

Debt Derivatives The Scheme may use derivatives instruments like Interest Rate Swaps, Forward Rate Agreements or such other derivative instruments as may be introduced from time to time for the purpose of hedging and portfolio balancing and as may be permitted under the Regulations and guidelines. Interest Rate Swaps Interest rate swap is a strategy in which one party exchanges a stream of interest for another party's stream. Interest rate swaps are normally 'fixed against floating', but can also be 'fixed against fixed' or 'floating against floating' rate swaps. Interest rate swaps will be used to take advantage of interest-rate fluctuations, by swapping fixed-rate obligations for floating rate obligations, or swapping floating rate obligations to fixed-rate obligations. A floating-to-fixed swap increases the certainty of an issuer's future obligations. Swapping from fixed-to-floating rate may save the issuer money if interest rates decline. Swapping allows issuers to revise their debt profile to take advantage of current or expected future market conditions.. Forward Rage Agreement (FRA) A FRA is basically a forward starting IRS. It is an agreement between two parties to pay or receive the difference between an agreed fixed rate (the FRA rate) and the interest rate (reference rate) prevailing on a stipulated future date, based on a

45

notional principal amount for an agreed period. The only cash flow is the difference between the FRA rate and the reference rate. As is the case with IRS, the notional amounts are not exchanged in FRAs.

i) Advantages of Derivatives

The volatility in Indian debt markets has increased over last few months. Derivatives provide unique flexibility to the Scheme to hedge part of their portfolio. Some of the advantages of specific derivatives are as under:

ii) Interest Rate Swaps and Forward rate Agreements

Bond markets in India are not very liquid. Investors run the risk of illiquidity in such markets. Investing for short-term periods for liquidity purposes has its own risks. Investors can benefit if the Fund remains in call market for the liquidity and at the same time take advantage of fixed rates by entering into a swap. It adds certainty to the returns without sacrificing liquidity.

v. Illustration: Interest Rate Swap (IRS) Assume that a Mutual Fund has INR 10 crore, which is to be deployed in overnight products for 7 days. This money will be exposed to interest rate risk on daily basis. The fund can buy an Interest Rate Swap receiving fixed interest rate and paying NSE MIBOR. The deal will be as under: Counterparty Bank Mutual Fund Receives Floating rate (NSE MIBOR) Pays ---------------------------------------------------------------------------------- Fixed rate (8.75%) Pays ------------------------------------------------------------------------------> Receives The cash flows on a notional principal amount of Rs. 10 crores would be-

(R. in Crore) Principal NSE MIBOR Interest Amount

Day 1 10.0000 8.10% .0022192 10.00221918 Day 2 10.00222 8.20% .0022466 10.00446575 Day 3 10.00447 8.30% .002274 10.00673973 Day 4 (for 2 days) Saturday 10.00674 8.15% .0044658 10.01120548 Day 5 Sunday Holiday Day 6 10.01121 8.40% .0023014 10.01350685 Day 7 10.01351 8.50% .0023288 10.01583562 Floating Interest Payable

.0158356164

Fixed Interest Receivable

.0167808219

Net Receivable for Mutual Fund receiving fixed

.0009452055

In this example Mutual Fund stands to gain by receiving fixed rates. As the NSE MIBOR floating rate is decided daily, in adverse scenario, the Mutual Fund may have to pay the difference. The counter-party providing Swap, Options, Forward Rate Agreements (FRAs) will do the same at a cost. Risk factors Interest rate swaps strategy: Risk Factor: The risk arising out of uses of the above derivative strategy as under: • Lack of opportunities available in the market. • The risk of mispricing or improper valuation and the inability of derivatives to correlate perfectly with underlying assets, rates and indices. • Interest rate swaps require the maintenance of adequate controls to monitor the transactions entered into, the ability to forecast failure of another party (usually referred to as the ‘counter party’) to comply with the terms of the derivatives contract.

Further the exposure limits for trading in derivatives by Mutual Funds specified by SEBI vide its Circular No. Cir/IMD/DF/11/2010 dated August 18, 2010 are as follows:

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1. The cumulative gross exposure through equity, debt and derivative positions should not exceed 100% of the net assets of the scheme.

2. Mutual Funds shall not write options or purchase instruments with embedded written options. 3. The total exposure related to option premium paid must not exceed 20% of the net assets of the scheme. 4. Cash or cash equivalents with residual maturity of less than 91 days may be treated as not creating any exposure. 5. Exposure due to hedging positions may not be included in the above mentioned limits subject to the following:

a. Hedging positions are the derivative positions that reduce possible losses on an existing position in securities

and till the existing position remains. b. Hedging positions cannot be taken for existing derivative positions. Exposure due to such positions shall have

to be added and treated under limits mentioned in Point 3. c. Any derivative instrument used to hedge has the same underlying security as the existing position being

hedged. d. The quantity of underlying associated with the derivative position taken for hedging purposes does not exceed

the quantity of the existing position against which hedge has been taken.

6. Mutual Funds may enter into plain vanilla interest rate swaps for hedging purposes. The counter party in such transactions has to be an entity recognized as a market maker by RBI. Further, the value of the notional principal in such cases must not exceed the value of respective existing assets being hedged by the scheme. Exposure to a single counterparty in such transactions should not exceed 10% of the net assets of the scheme.

7. Exposure due to derivative positions taken for hedging purposes in excess of the underlying position against which the hedging position has been taken, shall be treated under the limits mentioned in point 3.

8. Definition of Exposure in case of Derivative Positions

9. Each position taken in derivatives shall have an associated exposure as defined under. Exposure is the maximum possible loss that may occur on a position. However, certain derivative positions may theoretically have unlimited possible loss. Exposure in derivative positions shall be computed as follows:

Position

Exposure

Long Future

Futures Price * Lot Size * Number of Contracts

Short Future


Option bought

Option Premium Paid * Lot Size * Number of Contracts

II. The risks involved in derivatives are: 1. The cost of hedge can be higher than adverse impact of market movements 2. The derivatives will entail a counter-party risk to the extent of amount that can become due from the party. 3. An exposure to derivatives in excess of the hedging requirements can lead to losses. 4. An exposure to derivatives can also limit the profits from a genuine investment transaction. 5. Efficiency of a derivatives market depends on the development of a liquid and efficient market for underlying securities and also on the suitable and acceptable benchmarks. 6. Derivative products are leveraged instruments and can provide disproportionate gains as well as disproportionate losses to the investor. Execution of such strategies depends upon the ability of the fund manager to identify such opportunities. Identification and execution of the strategies to be pursued by the fund manager involve uncertainty and decision of fund manager may not always be profitable. No assurance can be given that the fund manager will be able to identify or execute such strategies. III. Methods to tackle these risks: 1. Hedging will not be done on a carpet basis but based on a view about interest rates, economy and expected adverse impact. 2. Limits of appropriate nature will be developed for counter parties 3. Such an exposure will be backed by assets in the form of cash or securities adequate to meet cost of derivative trading and loss, if any, due to unfavorable movements in the market.

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IV. The losses that may be suffered by the investors as a consequence of such investments: 1. As the use of derivatives is based on the judgment of the Fund Manger, the view on market taken may prove wrong resulting in losses. 2. The upside potential of investments may be limited on account of hedging which may cause opportunity losses. V. The use of derivatives for hedging will give benefit of: 1. Curtailing the losses due to adverse movement in interest rates 2. Securing upside gains at cost VI. VALUATION OF DERIVATIVES

i. The traded derivatives shall be valued at market price in conformity with the stipulations of sub clauses (i) to (v) of clause 1 of the Eighth Schedule to the SEBI Regulations.

ii. The valuation of untraded derivatives shall be done in accordance with the valuation method for untraded

investments prescribed in sub clauses (i) and (ii) of clause 2 of the Eighth Schedule to the SEBI Regulations. VII. REPORTING OF DERIVATIVES The AMC shall cover the following aspects in their reports to trustees periodically, as provided for in the Regulations:

i. Transactions in derivatives, both in volume and value terms.

ii. Market value of cash or cash equivalents / securities held to cover the exposure.

iii. Any breach of the exposure limit laid down in the scheme Information document.

iv. Shortfall, if any, in the assets covering investment in derivative products and the manner of bridging it. The Trustees shall offer their comments on the above aspects in the report filed with SEBI under sub regulation (23) (a) of regulation 18 of SEBI Regulations.

iii. PORTFOLIO TURNOVER The Portfolio Turnover is defined as the lower of the value of purchases or sales as a percentage of the average corpus of the Scheme during a specified period of time. The Asset Management Company does not have a policy statement on portfolio turnover. Generally, the Asset Management Company's portfolio management style is conducive to a low portfolio turnover rate. However, given the nature of the Scheme which follows a monthly cycle or rollover / positions the portfolio turnover is expected to be high. Further, there are trading opportunities that present themselves from time to time. These trading opportunities may be due to trading opportunities in equities, changes in interest rate policy by the Reserve Bank of India, shifts in the yield curve, credit rating changes or any other factors where in the opinion of the fund manager there is an opportunity to enhance the total return of the portfolio. It will be the endeavour of the fund manager to keep portfolio turnover rates as low as possible. iv. BENCHMARK OF THE SCHEMES

Sr. No

Name of the Scheme Benchmark

1.

SBI IT Fund S&P BSE – Information Technology SBI FMCG Fund S&P BSE – Fast Moving Consumer Goods

Index SBI PHARMA Fund S&P BSE – Health Care SBI Contra Fund S&P BSE -100 SBI EBF Fund S&P BSE – 500

2. SBI Magnum Children’s Benefit Plan Crisil MIP Blended Index 3. SBI Magnum Income Fund Crisil Composite Bond Index 4. SBI Magnum Taxgain Scheme S&P BSE – 100 5. SBI Regular Savings Fund Crisil MIP Blended Index 6. SBI Magnum Gilt Fund – Long Term Plan I-Sec Li-Bex

SBI Magnum Gilt Fund - Short Term Plan I – Sec Si-Bex 7. SBI Nifty Index Fund CNX Nifty 8. SBI Magnum Monthly Income Plan Crisil MIP Blended Index 9. SBI Magnum InstaCash Fund Crisil Liquid Fund Index

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v. FUND MANAGERS OF THE SCHEMES

Sr. No

Name of the Scheme Fund Manager

1.

SBI IT Fund Ms. Anup Upadhyay SBI FMCG Fund Ms. Saurabh Pant SBI PHARMA Fund Ms. Tanmaya Desai SBI Contra Fund Mr. Rama Iyer Srinivasan SBI EBF Fund Mr. Rama Iyer Srinivasan

2. SBI Magnum Children’s Benefit Plan Mr. Rajeev Radhakrishnan 3. SBI Magnum Income Fund Mr. Dinesh Ahuja

4. SBI Magnum Taxgain Scheme Mr. Jayesh Shroff 5. SBI Regular Savings Fund Mr. Dinesh Ahuja – Debt

Mr. Ruchit Mehta – Equity 6. SBI Magnum Gilt Fund Mr. Dinesh Ahuja 7. SBI NiftyIndex Fund Ms. Raviprakash Sharma 8. SBI Magnum Monthly Income Plan Mr. Dinesh Ahuja – Debt

Mr. Ruchit Mehta – Equity 9. SBI Magnum InstaCash Fund Divdend & Growth Plan - Mr. Rajeev

Radhakrishnan Liquid Floater Plan - Mr. R. Arun

Details of the Funds Managers

Name of the Fund Managers

Educational Qualifications Experience

Mr. Jayesh Shroff Age – 42 years

PGD (MBFS) from ICFAI, B.Com

Experience of over 13 years as a Fund Manager. Apart from the fund management experience, Mr. Shroff also has wide experience in investment banking activities including M&A activities, venture capital funding, preparation of business plans, project reports etc. Past experiences: • Fund Manager - BOB Asset Management Company

Ltd. - September 1999 to March 2006

• Head – M&A and Research & Analysis - Tandem Financials Ltd. - September 1996 to September 1999

• Associate – Corporate planning & Finance department - Kishor J. Janani , Stock Brokers - May 1996 to September 1996

Currently, he is managing SBI Magnum Taxgain Scheme & SBI Magnum Multiplier Scheme.

Mr. Rajeev Radhakrishnan Age – 38 years

B.E (Production). MMS (Finance), CFA (CFA Institute, USA)

Total experience of around 12 years in funds management. Around 8 yrs in Fixed Income funds management and dealing. Previously he was associated UTI Asset Management Company Ltd. as Co - Fund Manager Past experiences:

• SBI Funds Management P. Ltd - (From June 09, 2008 onwards

• Co- Fund Manager - UTI Asset Management Company Limited (June 2001-2008)

Various funds being managed by Mr. Rajeev Radhakrishnan are SBI Magnum InstaCash Fund, SBI Premier Liquid Fund, SBI Magnum Children Benefit Plan, SBI Capital Protection Oriented Fund – II (jointly with Mr. Dharmendra Grover), SBI Short Term Debt Fund, SBI Ultra Short Term Debt Fund, SBI Treasury Advantage Fund, SBI Dual Advantage fund – Series I, II, III, IV , V, VI,VII, VIII, IX, X, XI, XII, XIII & XIV (jointly with Mr. Dharmendra Grover), SBI Fixed Interval Debt Series and the existing SBI Debt Fund Series.

Mr. Ravipraksh Sharma (Chief Dealer & Fund Manager)

B.Com,C.A., C.F.A(USA) Mr. Sharma has over 16 years experience in Indian capital markets in various capacities including Portfolio Management and Dealing in equity shares on behalf of clients. Past Experiences:

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Age – 37 Years

• From April 2007 to Jan 2011- as Sr. Manager - Portfolio Management Services with HDFC Asset Management Co. Ltd.

• From July 2006 to April 2007 - as financial advisor with Citigroup Wealth Advisors India Pvt. Ltd.

• From Dec 2004 – July 2006 – as AVP - Non-Discretionary PMS with Kotak Securities Ltd.

• From Nov 2003 to Nov 2004- as AVP - Fixed Income Group with Times Investors Services Pvt. Ltd., Mumbai.

• From Nov 1999 to Nov 2003 as Manager - Fixed Income Group with Birla Sun Life Securities Ltd.

Mr. Sharma is the Chief Dealer and fund manager of SBI-ETF Gold, SBI-ETF SENSEX, SBI Nifty Index Fund, SBI Gold Fund, SBI-ETF Nifty Bank, SBI-ETF Nifty Next 50, SBI-ETF BSE 100 & SBI-ETF Nifty 50.

Mr. Dinesh Ahuja Age : 40 Years

B B.Com, M.M.S. Mr. Ahuja has done his Master of Management Studies – Finance from University of Mumbai and has over 16 years of experience in Indian financial services and capital markets in various capacities. He has a rich experience in managing debt schemes. Before joining SBIFMPL, Mr. Ahuja was working as Fund Manager with L&T Investment Management Ltd. He has also been associated with Reliance Asset Management Ltd. and Reliance General Insurance Co. Ltd. Currently he is the fund manager of SBI Magnum Income Fund, SBI Magnum Gilt Fund, debt portion of SBI Regular Savings Fund, SBI Magnum Monthly Income Plan – Floater (debt portion), SBI Dynamic Bond Fund, SBI Corporate Bond Fund, SBI Magnum Monthly Income Plan (Debt portion) and SBI Magnum Balanced Fund (debt portion) .

Mr. Rama Iyer Srinivasan Age : 45Years

M.Com & MFM Experience of more than 22 years in equities. Prior to joining SBI Funds Management Pvt. Ltd., Srinivasan was with Future Capital Holdings, the erstwhile asset management and financial services entity of the Future Group, where he headed ‘Public Markets’. Prior to that, he has worked with several organizations including Principal PNB AMC, Imperial Investment Advisors (associate of Oppenheimer & Co), Indosuez W. I. Carr Securities, Motilal Oswal Securities, Sunidhi Consultancy and Capital Market Publishers. Presently, Srinivasan is the Fund Manager for SBI Magnum Equity Fund, SBI Magnum Global Fund, SBI Magnum Balanced Fund, SBI Emerging Businesses Fund, SBI Contra Fund & SBI Small & Midcap Fund.

Mr. R. Arun, Age : 31 Years

Financial Risk Manager (GARP), PG Finance & B.Com

Mr. R. Arun has over 9 years of work experience including 4 years of experience in mutual fund Industry as Credit Research Analyst. He has been associated with SBI Funds Management Pvt. Ltd. from March 2009 onwards as Credit Analyst. Prior to joining SBI Funds Management, he worked with ING Investment Management, Deutsche Bank Operations India & Crisil as Credit Analyst. Presently, he is the fund manager of SBI Magnum Instacash Liquid Floater, SBI Savings Fund.

Mr. Ruchit Mehta, Fund Manager Age : 33 Years

B.Com, MSc Finance. CFA Charter holder

Ruchit Has over 11 year experience in the industry primarily as a research analyst. Experience over the last 7 years: • April 2010 – till date: Chief Manager Investments

(Research) with SBI Funds Management Pvt. Ltd. • May 2006 – March 2010: AVP & Assistant Fund Manager,

HSBC Asset Management Pvt. Ltd. • July 2004 – May 2006: Analyst, ASK Raymond James &

Associates Pvt. Ltd. • Feb 2004 – July 2004: Associate, Prabhudas Lilladher Pvt.

Ltd. Ruchit is fund manager managing equity portion of SBI Magnum Monthly Income Plan & SBI Regular Savings

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Fund, SBI Magnum Monthly Income Plan – Floater & SBI Equity Savings fund

Anup Upadhyay Age: 32 Years

BTECH (Hons), PGDM Mr. Upadhyay has over 11 years experience with over 6 years of experience in the area of financial services. He joined SBIFMPL in May, 2007 as an analyst and currently is a fund manager of SBI IT Fund.

Saurabh Pant Age: 31 Years

B.Com, MBE, C.F.A(USA) Level III candidate

Mr. Saurabh has over 8 years experience in Indian capital markets in the capacity of research analyst. He joined SBI Funds Management Pvt Ltd in May 2007 as Research Analyst. He is currently managing SBI FMCG Fund.

Tanmay Desai Age: 32 Years

B.E (Electronics), MBA (Finance), C.F.A(USA) Level III candidate

Mr. Desai has close to 10 years of work experience with over 5 years of experience in Indian capital markets. Past experiences: • From May 2008 till date - as Research Analyst -

Investments with SBI Funds Management Private Limited. • From August 2004 to June 2006 - as Lecturer, Electronics

Department with D J Sanghvi College of Engineering, Mumbai.

• From Sept 2003 – April 2004 – as Software Engineer with Patni Computer Systems Ltd, Mumbai.

He is currently managing SBI Pharma Fund. vi. INVESTMENT RESTRICTIONS The investment policies of the scheme comply with the rules, regulations and guidelines laid out in the SEBI Regulations. As per the Regulations, specifically the Seventh Schedule, the following investment limitations are applicable to schemes of Mutual Funds.

a. The scheme shall not invest more than 10% of its NAV in debt instruments comprising money market instruments and non-

money market instruments issued by a single issuer, which are rated not below investment grade by a credit rating agency authorized to carry out such activity under the Act. Such investment limit may be extended to 12% of the NAV of the scheme with the prior approval of the Board of Trustees and the Board of Asset Management Company. Provided that such limit shall not be applicable for investments in government securities, treasury bills and collateralized borrowing and lending obligations: Provided further that investment within such limit can be made in mortgaged-backed securitized debt, which is rated not below investment grade by a credit rating agency registered with the Board.

b. The Scheme shall not invest more than 10% of its NAV in unrated debt instruments issued by a single issuer and the total investment in such instruments shall not exceed 25% of the NAV of the Scheme. All such investments shall be made with the prior approval of the Board of Trustees and the Board of Asset Management Company. .

c. Debentures, irrespective of any residual maturity period (above or below one year), shall attract the investment restrictions as applicable for debt instruments.

d. The Fund under all its Schemes shall not own more than 10% of any company's paid up capital carrying voting rights;

e. Transfer of investments from one scheme to another scheme, including this scheme, under the Mutual Fund shall be allowed only if :

I. Such transfers are done at the prevailing market price for quoted securities on spot basis; explanation - “spot basis”

shall have the same meaning as specified by the stock exchange for spot transactions, and

II. The securities so transferred shall be in conformity with the investment objective of the scheme to which such transfer has been made.

f. The Mutual Fund shall buy and sell securities on the basis of deliveries and shall in all cases of purchases, take delivery of

relevant securities and in all cases of sale, deliver the securities: Provided that a mutual fund may engage in short selling of securities in accordance with the framework relating to short selling and securities lending and borrowing specified by the Board: Provided further that a mutual fund may enter into derivatives transactions in a recognized stock exchange, subject to the framework specified by the Board. Provided further that sale of government security already contracted for purchase shall be permitted in accordance with the guidelines issued by the Reserve Bank of India in this regard.

g. The scheme shall provide that the securities be purchased or transferred in the name of the Mutual Fund for the relevant scheme, wherever the investments are intended to be of a long-term nature.

51

h. Pending deployment of funds of a scheme in terms of investment objectives of the scheme, a mutual fund may invest them in short term deposits of schedule commercial banks, subject to such Guidelines as may be specified by the Board.

i. The scheme may invest in another scheme under the same asset management company or any other mutual fund without

charging any fees, provided that aggregate interscheme investment made by all schemes under the same management or in schemes under the management of any other asset management company shall not exceed 5% of the net asset value of the mutual fund.

j. The scheme shall not make any investment in;

1) any unlisted security of an associate or group company of the sponsor; or

2) any security issued by way of private placement by an associate or group company of the sponsor; or

3) The listed securities of group companies of the sponsor which is in excess of 25% of the net assets. k. The scheme shall not invest more than 10 per cent of its NAV in the equity shares or equity related instruments of any

company and shall not invest more than 5% of its NAV in the unlisted equity shares or equity related instruments. l.

Provided further that, the limit of 10 percent as stated in point no. (k) shall not be applicable for investments in case of index fund or sector or industry specific scheme. Pursuant to SEBI Circular MFD/CIR/09/04/2000 dated January 05,2000, the investments by index funds shall be in accordance with the weightage of the scrips in the specific index as disclosed in the scheme information document. In case of sector/industry specific scheme, the upper ceiling on investments may be in accordance with the weightage of the scrips in the representative sectoral index/sub index as disclosed in the scheme information document or 10% of the NAV of the scheme whichever is higher.

m. The scheme shall not make any investment in any Fund of Funds scheme.

n. The scheme shall not advance any loan for any purpose. o. The Fund shall ensure that total exposure of the Scheme, in a particular sector (excluding investments in Bank CDs, CBLO,

G-Secs, TBills, short term deposits of scheduled commercial banks and AAA rated securities issued by Public Financial Institutions and Public Sector Banks) shall not exceed 25% of the net assets of the scheme; Provided that an additional exposure to financial services sector (over and above the limit of 25%) not exceeding 5% of the net assets of the scheme shall be allowed only by way of increase in exposure to Housing Finance Companies (HFCs); Provided further that the additional exposure to such securities issued by HFCs are rated AA and above and these HFCs are registered with National Housing Bank (NHB) and the total investment/ exposure in HFCs shall not exceed 25% of the net assets of the scheme.

The Fund shall ensure that total exposure of debt schemes of mutual funds in a group (excluding investments in securities issued by Public Sector Units, Public Financial Institutions and Public Sector Banks) shall not exceed 20% of the net assets of the scheme. Such investment limit may be extended to 25% of the net assets of the Scheme with the prior approval of the Board of Trustees. For this purpose, a group means a group as defined under regulation 2 (mm) of SEBI (Mutual Funds) Regulations, 1996 (Regulations) and shall include an entity, its subsidiaries, fellow subsidiaries, its holding company and its associates.

Apart from the investment restrictions prescribed under SEBI (MF) Regulations, the fund follows internal norms vis-à-vis exposure to a particular scrip or sector. These norms are reviewed on a periodic basis and monitored regularly. These exposure limits are being followed with the objective to ensure diversification of portfolio and risk minimization. These internal norms are subject to periodic review and change depending on market conditions and in the interest of the Magnum holders / Unit holders. Such changes whenever made would be effected without prior notice to the Magnum holders / Unit holders but would be reflected in the periodic portfolio disclosures sent to Magnum holders / Unit holders. Notwithstanding the foregoing investment policies, for temporary defensive purposes (e.g., during periods in which the Asset Management Company believes changes in the securities markets or economic or other conditions warrant), the scheme may invest substantially in Indian Government Treasury Bills and or keep cash balances which will be deployed in call markets. The Trustees have the right in their sole discretion, to limit redemptions under certain circumstances. Please refer to the paragraph "Right to Limit Redemptions" in the Scheme Information Document. vii. Investment in repo in Corporate Bonds (it applicable to all the schemes of the Combine SID except SBI Magnum Gilt Fund – Long Term Plan, SBI Magnum Gilt Fund – Short Term Plan and SBI Nifty Index Fund) In accordance with the applicable regulatory guidelines on repo transactions, the following broad guidelines shall be followed by the Fund for participating in repo in corporate debt securities:

52

1. The gross exposure of any scheme to repo transactions in corporate debt securities shall not be more than 10% of the net assets of the concerned scheme.

2. The cumulative gross exposure through repo transactions in corporate debt securities along with equity, debt and derivatives shall not exceed 100% of the net assets of the concerned scheme.

3. The Schemes shall participate in repo transactions only in AA and above rated corporate debt securities.

4. The Schemes shall borrow through repo transactions only if the tenor of the transaction does not exceed a period of 6 months in terms of Regulation 44 (2) of SEBI (Mutual Funds) Regulations, 1996.

Further, the following conditions and norms shall apply to repo in corporate debt securities as approved by the Board of AMC & Trustee Company:

1. Category of counterparty - The schemes of SBI Mutual Fund would transact in corporate bond repo only with

counterparties in the approved list applicable for secondary market transactions in Corporate and Money market securities.

2. Credit Rating of the counterparty - The schemes shall participate in corporate bond repo transactions with only those counterparties who have a credit rating of AA- and above and are part of the approved counterparty universe. Corporate bond repo transactions with counterparties rated below AA- would be with prior approval of the Board.

3. Tenor of collateral - The tenor of the repo would be capped at 3 months. This would apply to transactions where the schemes are either a lender or a borrower. The tenor of the collateral would be capped at 10 years. Prior approval of the investment committee of SBI Mutual Fund would be taken for any extension of the term of the repo or increase in the tenor of the collateral in compliance with the applicable SEBI guidelines.

4. Applicable haircuts - The applicable minimum haircut would be as per the extant RBI and SEBI guidelines. As per RBI circular RBI/2012-13/365 IDMD.PCD. 09/14.03.02/2012-13 dated 07/01/2013, all corporate bond repo transactions will be subject to a minimum haircut given as below. The minimum haircut will be applicable on the market value of the corporate debt securities prevailing on the day of trade of the 1st leg. The schemes may ask for a higher haircut (while lending) or give a higher haircut (while borrowing) depending on the prevailing market situation.

Rating AAA AA+ AA Minimum Haircut 7.50% 8.50% 10%

viii. PAST PERFORMANCE OF THE SCHEME (i) SBI FMCG Fund

53

(ii) SBI IT Fund

(iii) SBI Pharma Fund

(iv) SBI Contra Fund

54

(v) SBI Emerging Businesses Fund

(vi) SBI Magnum Taxgain Scheme

(vii) SBI Nifty Index Fund

55

(viii) SBI Magnum Children’s Benefit Plan

(ix) SBI Regular Savings Fund

(x) SBI Magnum Monthly Income Plan

0

10

20

30

F.Y. 10 - 11 F.Y. 11 - 12 F.Y. 12 - 13 F.Y. 13 - 14 F.Y. 14 - 15

Retu

rns (

%)

Financial Year

Financial Year Wise Returns

SMCBP - Regular - Growth Crisil MIP Blended Index

0

5

10

15

20

F.Y. 10 - 11 F.Y. 11 - 12 F.Y. 12 - 13 F.Y. 13 - 14 F.Y. 14 - 15

Retu

rns (

%)

Financial Year


SRSF - Regular - Growth Crisil MIP Blended Index

05

10152025

F.Y. 10 - 11 F.Y. 11 - 12 F.Y. 12 - 13 F.Y. 13 - 14 F.Y. 14 - 15

Retu

rns (

%)

Financial Year


SMMIP - Regular - Growth Crisil MIP Blended Index

56

(xi) SBI Magnum Income Fund

(xii) SBI Magnum Gilt Fund SBI Magnum Gilt Fund - Long Term

SBI Magnum Gilt Fund - Short Term

0

5

10

15

20

F.Y. 10 - 11 F.Y. 11 - 12 F.Y. 12 - 13 F.Y. 13 - 14 F.Y. 14 - 15

Retu

rns (

%)

Financial Year


SMIF - Regular - Growth Crisil Composite Bond Fund Index

05

10152025

F.Y. 10 - 11 F.Y. 11 - 12 F.Y. 12 - 13 F.Y. 13 - 14 F.Y. 14 - 15

Retu

rns (

%)

Financial Year


SMGF - LT - Regular - Growth I-Sec Li-BEX

0

5

10

15

F.Y. 10 - 11 F.Y. 11 - 12 F.Y. 12 - 13 F.Y. 13 - 14 F.Y. 14 - 15

Retu

rns (

%)

Financial Year


SMGF - ST - Regular - Growth I-Sec Si-BEX

57

(xiii) SBI Magnum InstaCash Fund

(xiii) SBI Magnum InstaCash Fund – Liquid Floater

Performance of Schemes as on January 31, 2016 and for Regular plan – Growth option:

Name 1 Year (%) 3 Years (%) 5 Years (%) Since Inception (%)

SBI FMCG Fund -3.2716 12.9307 21.3900 14.8203

S&P BSEFast Moving Consumer Goods Index -10.1397 7.9118 17.1945 11.3006

SBI IT Fund -4.0548 21.7510 14.2744 13.9134

S&P BSE Inforamtion Technology -0.1225 20.4626 11.8809 13.9660 SBI Pharma Fund

15.4706 34.4200 27.1252 19.3244 S&P BSEHealth Care

4.0868 26.7532 21.2038 16.5809 SBI Contra Fund

-11.6270 10.0374 8.3026 19.9540 S&P BSE 100

-14.0915 7.9125 6.6370 12.5628 SBI Emerging Businesses Fund

-6.4125 13.1462 18.4523 21.0044 S&P BSE 500

-11.7717 9.3341 7.0387 14.0515 SBI Magnum Tax Gain Scheme

-10.6183 15.4929 11.9187 16.3793 S&P BSE 100

-14.0915 7.9125 6.6370 11.8497

0

5

10

15

F.Y. 10 - 11 F.Y. 11 - 12 F.Y. 12 - 13 F.Y. 13 - 14 F.Y. 14 - 15

Retu

rns (

%)

Financial Year


SMICF - Regular - Growth Crisil Liquid Fund Index

02468

10

F.Y. 10 - 11 F.Y. 11 - 12 F.Y. 12 - 13 F.Y. 13 - 14 F.Y. 14 - 15

Retu

rns (

%)

Financial Year


SMICF - Liquid Floater - Regular - Growth Crisil Liquid Fund Index

58

SBI Nifty Index Fund

-14.1964 7.3689 6.3645 14.1132 CNX Nifty

-14.1734 7.8322 6.5601 14.6507 SBI Magnum Children Benefit Plan

2.6367 11.1729 11.0163 9.8919 Crisil MIP Blended Index

3.9435 8.6620 8.5295 N.A. SBI Regular Savings Fund


3.9435 8.6620 8.5295 7.7307 SBI Magnum Monthly Income Plan


3.9435 8.6620 8.5295 N.A. SBI Magnum Income Fund

4.3248 7.0440 8.7497 7.5575 Crisil Composite Bond Fund Index

7.3136 8.6241 8.6653 N.A. SBI Magnum Gilt LTP

4.5853 10.5546 10.0968 7.9190 I-sec Li Bex

5.1315 8.5706 9.5142 N.A. SBI Magnum Gilt STP

8.4664 10.1262 9.6449 7.6741 I-sec Si Bex

8.6927 8.4990 8.5234 N.A. SBI Magnum Insta Cash

8.2351 8.8736 8.9353 7.3885 Crisil Liquid Fund Index

8.0780 8.7863 8.6081 N.A. SBI Magnum Insta Cash Fund - Liquid Floater

7.6708 8.4264 8.6896 7.2042 Crisil Liquid Fund Index

8.0780 8.7863 8.6081 6.7498 ix. DEBT MARKET IN INDIA The Indian debt markets are one of the largest and rapidly developing markets in Asia. Government and Public Sector enterprises are the predominant borrowers in the market. The debt markets have received lot of regulatory and governmental focus off late and are developing fast, with the rapid introduction of new instruments including derivatives. Foreign Institutional Investors are also allowed to invest in Indian debt markets subject to ceiling levels announced by the government. There has been a considerable increase in the trading volumes in the market. The trading volumes are largely concentrated in the Government of India Securities, which contribute a significant proportion of the daily trades. The money markets in India essentially consist of the call money market (i.e. market for overnight and term money between banks and institutions), repo transactions (temporary sale with an agreement to buy back the securities at a future date at a specified price), commercial papers (CPs, short term unsecured promissory notes, generally issued by corporates), certificate of deposits (CDs, issued by banks) , Treasury Bills (issued byRBI) and the CBLO (collateralized lending and borrowing facility). Government securities are largely traded on a Negotiated Order Matching system (NDS OM) apart from the OTC market. The settlement of trades both in the Gsec markets and the overnight repo and CBLO are guaranteed and done by a central counterparty, the Clearing corporation of India (CCIL). Money market deals involving CD’s and CP’s are traded and settled on an OTC basis. The clearing and settlement of corporate bond deals are now routed through a central counterparty established by the exchanges BSE (ICCL) and NSE (NSCCL) which settles deals on a DVP (Delivery versus payment ) non guaranteed basis. The current market yields of various instruments and the factors affecting prices of such securities are given hereunder. The securitized instruments of higher ratings generally offer yields which are 50-75 basis points higher than the comparable normal debt instruments. Following are the yield matrix of various debt instruments as on February 22, 2016:

Instruments Indicative yield range

Overnight rates 6.55%-6.75%

90 day Commercial Paper 8.75%-8.90%

91-day T-bill 8.27%-8.30%

59

The interest rate market conditions are influenced by the Liquidity in the system, Credit growth, GDP growth, Inflows into the Country, Currency movement in the Forex market, demand and supply of issues and change in investors’ preference. Generally when there is a rise in interest rates the price of securities fall and vice versa. The extent of change in price shall depend on the rating, tenor to maturity, coupon and the extent of fall or rise in interest rates. The Government securities carry zero credit risk, but they carry interest rate risk like any other Fixed Income Securities. Money market instruments such as CP’s and CD’s which are fairly liquid are not listed in exchanges. The impact cost of offloading the various asset classes differ depending on market conditions and may impair the value of the securities to that extent. Further, investments in securitized instruments or structured obligation papers carry a higher illiquidity risk. They also carry limited recourse to the originator, delinquency risk out of the defaults on the receivables and prepayment risk which affects the yields on the instruments. x. INVESTMENTS OF AMC IN THE SCHEME The AMC may invest in the scheme, such amount, as they deem appropriate. But the AMC shall not be entitled to charge any management fees on this investment in the scheme. Investments by the AMC will be in accordance with Regulation 24(3) of the SEBI (MF) Regulations, 1996 which states that: "The asset management company shall not invest in any of its schemes unless full disclosure of its intention to invest has been made in the Offer Document ( presently Scheme Information Document), provided that the asset management company shall not be entitled to charge any fees on its investment in the scheme." xi. INVESTMENTS IN OTHER SCHEMES According to the Clause 4 of Schedule 7 read with Regulation 44(1), of the SEBI (MF) Regulations, 1996: "A scheme may invest in another scheme under the same asset management company or any other mutual fund without charging any fees, provided that aggregate inter-scheme investments made by all schemes under the same management or in schemes under the management of any other asset management company shall not exceed 5% of the net asset value of the mutual fund." xii. UNDERWRITING SBI Magnum Taxgain Scheme, SBI FMCG Fund, SBI IT Fund, SBI Pharma Fund, SBI Contra Fund, SBI Emerging Businesses Fund, SBI Magnum InstaCash Fund and SBI Magnum Income Fund The Scheme may take up underwriting of the securities of other issuers subject to the relevant SEBI Regulations and as may be permitted by the Board of Directors of the AMC. Regulation 46 states that: “Mutual Funds may enter into underwriting agreement after obtaining a certificate of registration in terms of the SEBI (Underwriters) Rules and SEBI (Underwriters) Regulations, 1993 authorizing it to carry on activities as underwriters.

1) For the purpose of these regulations, the underwriting obligation will be deemed as if the investments are made in such securities.

2) The capital adequacy norms for the purpose of underwriting shall be the net assets of the scheme. Provided that the underwriting obligation of a Mutual Fund shall not at any time exceed the total net asset value of the scheme”

SBI Nifty Index Fund, SBI Magnum Children’s Benefit Plan, SBI Regular Savings Fund, SBI Magnum Monthly Income Plan and SBI Magnum Gilt Fund The scheme will not take up underwriting of the securities of other issuers. xiii. STOCK LENDING SBI Magnum Taxgain Scheme, SBI IT Fund, SBI Pharma Fund, SBI FMCG Fund, SBI Contra Fund, SBI Emerging Businesses Fund, SBI Magnum Children’s Benefit Plan and SBI Regular Savings Fund The scheme may also engage in stock lending. Stock lending means the lending of stock to another person or entity for a fixed period of time, at a negotiated compensation. The securities lent will be returned by the borrower on expiry of the stipulated period. The Fund may in future carry out stock-lending activity under the schemes, in order to augment its income. Stocklending may involve risk of default on part of the borrower. However, this risk will be substantially reduced as the Fund has opted for the "Principal Lender Scheme of Stock Lending", where entire risk of borrower's default rests with approved intermediary and not with the Fund. There may also be risks associated with Stock Lending such as liquidity and other market risks. Any stock lending done by the scheme shall be in accordance with any Regulations or guidelines regarding the same. The AMC will apply the following limits, should it desire to engage in Stock Lending:

(a) Not more than 20% of the net assets can generally be deployed in Stock Lending

1 year G-Sec. 7.18%-7.25%

5 year G – Sec 7.70%-7.75%

10 year G-Sec. 7.77%

1 year AAA Bond 8.30%-8.35%


60

(b) Not more than 5% of the net assets can generally be deployed in Stock Lending to any single counter party. SBI Nifty Index Fund and SBI Magnum Monthly Income Plan The Fund may in future carry out stock-lending activity under any of its schemes, in order to augment its income. Stock lending may involve risk of default on part of the borrower. However, this risk will be substantially reduced as the Fund has opted for the “Principal Lender Scheme of Stock Lending”, where entire risk of borrower’s default rests with approved intermediary and not with the Fund. Any stock-lending done by the scheme shall be in accordance with any Regulations or guidelines regarding the same. The Policy followed for stock lending has been approved by the Board of Directors of the AMC and the Board of Trustees. xiv. Procedures followed for Investment decisions The investment policy manual defines the broad guidelines for investments by various funds. Fund managers invest based on the offer document limits, regulatory limits and internal guidelines as set out in the Investment policy manual. Fund managers take input from the research team. The Head of Research will be heading the research team and will be responsible for the research output and performance. The transactions relating to the investments will be carried out by separate Debt and Equity Dealers. The processes and risks in the Investment activities will be monitored through a senior functionary reporting to the CIO. Investment committee is playing the role of governance and supervisory body for all investment related activities. The committee will hold a meeting on a periodic basis for a detailed review of portfolio holdings, scheme performance and investment strategy and also to ensure adherence to all internal processes. The Investment Committee monitors and supervises the investment decisions made by the Investment team and also monitors the risk parameters in each scheme to ensure that the investment limits are properly observed. The risk origination for the investments is done based on the guidelines issued by SEBI and Board of Trustees. Concurrent auditors periodically check the limits and their reports are placed before the Audit Committee, which is comprised of the independent Directors and Trustees xv. Insurance Cover (Only for SBI Magnum Childeren’s Benefit Plan Magnum holders / Unit holders) All resident Magnums holders / Unit holderss or either parent of Magnums holders / Unit holders under this scheme will be covered by a Group Personal Accident Insurance Policy of National Insurance Company Limited for death by accident or permanent total disability sustained due to accident. The insurance cover will commence from the date of allotment of units and will be available till the Magnum holder attains the age of 18 years or till such time the units are redeemed in accordance with this Scheme Information Document, whichever is earlier. All non-resident Magnums holders / Unit holders are not covered under this insurance cover. The capital sum insured under the Group Personal Accident Insurance cover will be equivalent to 10 times the amount invested by the Magnum holder, subject to a maximum amount of Rs. 3 lakhs per Magnum holder. In addition to this, on the accidental death of either parent the Magnum holder will stand to receive an additional 10% of the claim amount towards educational expenses. The alternate child will also be entitled to be covered under the insurance cover in the event of the death of the Magnum holder. The insurance premium in respect of the insurance cover will be borne by the AMC. If the Magnum holder/either parent covered under the policy sustains any bodily injury resulting solely and directly from an accident caused by outward violent and visible means and shall within 12 calendar months of its occurrence be the sole and direct cause of the death of the Magnum holder/either parent, the parent/legal guardian may file the claim for insurance with the designated branch of The National Insurance Company Limited supported by relevant documents as proof in claim of the accident. The insurance company will make the payment to the Magnum holder or parent. The AMC has the discretion to modify the above insurance cover or change the insurance company on a prospective basis. The insurance cover is subject to renewal on an annual basis on conditions laid by the Insurance Company. The insurance company will not be liable for payment of compensation in respect of death resulting from reasons including but not limited to intentional or attempted suicide, influence of liquor or drugs or whilst engaging in aviation or ballooning, war invasion of foreign enemy, civil war, venereal disease or insanity or committing any breach of law with criminal intent, exposure to radioactive emission or pregnancy. The details of the conditions of the insurance cover and the exemptions will be provided alongwith the statement of account. The following documents are required for processing claims - Xerox copies of the statement of account, Death certificate, postmortem certificate, FIR, Inquest or Coroner’s report and the completed claim form. xvi. Nomination of an alternate Child In the event of death of the Magnum Holder before attaining majority and in the event that an alternate child has been named, the alternate child shall stand transposed in respect of the Magnums held by the deceased Magnum Holder. Such alternate child will hold the Magnums in trust for and on behalf of the estate of the original Magnum Holder and his/her successor/ legal heirs. The alternate child will continue in the scheme until he/she completes the age of 18 years and all the conditions of the Scheme including those relating to withdrawals will apply and be reckoned, with reference to the age of the alternate child. In the event of the death of the beneficiary child, and where no alternate child has been specified by the applicant, as provided herein, the amount due will be paid to the parent/legal guardian of the beneficiary child, under the personal laws as may be applicable and such persons will be the only persons who will be recognized as having any title, rights or interest in the Magnums. For this purpose, the necessary legal formalities will have to be complied with. When both the beneficiary child and the alternate child die simultaneously only the parent/legal guardian of the beneficiary child will have the right to claim the amount due. The parent/ legal guardian of the alternate child will not have any claims in this regard. xvii. Group Life Insurance Policy (Only for SBI Regular Savings Fund Magnum holders / Unit holders)

61

All Magnum holders / Unit holders under this scheme between the age of 18 years and 54 years will be covered by a Group Life Insurance Policy offered by SBI Life Insurance Company Limited. The Magnum holders / Unit holders will have to sign a self-declaration, as stipulated by the Insurance Company and also furnish proof of age (certified copies of birth certificate, passport or school leaving certificate) while submitting the application. The insurance cover will commence from the date of allotment of units and will be available till the Magnum holders / Unit holders attains the age of 55 years or till such time the units are redeemed in accordance with this Scheme Information Document, whichever is earlier. Magnum holders / Unit holders who do not fall within the age group of 18 years to 54 years would not be eligible for the Life Insurance Cover. All resident and non-resident Indian Magnum holders / Unit holders within the age group specified above will be covered under this insurance cover. The sum assured under the Group Insurance cover will be equivalent to the amount of investment subject to a maximum insurance of Rs. 2 lakhs per Magnum holders / Unit holders. The following example explains the amount of insurance cover an investor will be covered for in the case of unfortunate death during the tenure of the investment

Date of Investment Amount Deposited NAV Number of units 25-10-2004 25000 10 2500 30-12-2004 30000 15 2000 25-03-2005 80000 20 4000 135000 8500

The investor will be covered for a maximum sum assured of Rs. 135000 as on 25-10-2004. However if the investor decides to repurchase partially an amount of Rs. 75000 on 15-05-2005 at a NAV of Rs. 25, then the amount of insurance cover in this case would be computed as follows : Amount repurchased - Rs. 75000 NAV on dare of repurchase - Rs. 25 Number of units redeemed - 3000 (75000/25) The balance amount for insurance cover would be computed based on the acquisition NAV [based on First In First Out (FIFO) method] of units. In this example the balance insurance cover will be 135000 - [(2500 x 10) + (500 x 15)] = Rs. 102500 (The dates and the NAV indicated in the example above are for the purpose of understanding only and the scheme does not assure that as on these days, the NAV will be the values indicated in the example) The Magnum holder / Unit holder can appoint a nominee to receive the claim amount in the event of the unfortunate death of the Magnum holder / Unit holder. Only Resident Indian individuals can be nominated. The nominee for the purpose of the insurance cover will be the same person as the nominee for the scheme. The insurance premium in respect of the insurance cover will be borne by the AMC. In the event if the unfortunate death of the Magnum holder / Unit holder covered under the scheme during the tenure of investment in the scheme, the nominee may lodge the claim for insurance supported by relevant documents as proof in claim of the death with the Registrars for the scheme. The AMC through the Registrars of the scheme will forward the claim alongwith the documents to SBI Life for payment. The Claim proceeds will be settled with the Mutual Fund, which would then pay the claim amount to the nominee. The AMC has the discretion to modify the above insurance cover or change the insurance company on a prospective basis. The insurance company will not be liable for payment of compensation in respect of death resulting from reasons including but not limited to suicide within first year of the investment, self inflicted injury, influence of liquor or drugs, whilst engaging in aviation or ballooning, venereal disease or AIDS or committing any breach of law of taking part in a criminal act, death of the insured due to or arising out of or directly connected or traceable to war and hazardous sports and pastimes. The following documents are required for processing claims - Statement of account, Original Death certificate issued by Government Authority, Attending Doctor's certificate, certified copy of Age proof of the deceased (birth certificate, passport or school leaving certificate) xviii. DISCLOSURES PERTAINING TO SECURTIZED DEBT Risk profile of securitized debt vis-a-vis risk appetite of the scheme The risk of investing in securitized debt is similar to investing in debt securities. However it differs from other debt securities in two ways: • Liquidity: Typically the liquidity of securitized debt is less than similar debt securities. • Pre-payment: For certain types of securitized debt (backed by mortgages, personal loans, credit card debt, etc.), there is

an additional pre-payment risk. Pre-payment risk refers to the possibility that loans are repaid before they are due, which may reduce returns if the re-investment rates are lower than initially envisaged.

62

Policy relating to originators: A securitization transaction involves sale of receivables by the originator (a bank, non-banking finance company, housing finance company, or a manufacturing/service company) to a Special Purpose Vehicle (SPV), typically set up in the form of a trust. Investors are issued rated Pass Through Certificates (PTCs), the proceeds of which are paid as consideration to the originator. In this manner, the originator, by selling his loan receivables to an SPV, receives consideration from investors much before the maturity of the underlying loans. Investors are paid from the collections of the underlying loans from borrowers. Typically, the transaction is provided with a limited amount of credit enhancement (as stipulated by the rating agency for a target rating), which provides protection to investors against defaults by the underlying borrowers. The scheme will invest in instruments of the originator only if the originator has an investment grade rating. Over and above the credit rating assigned by credit rating agencies to the originator, SBI MF will conduct an additional evaluation on

• Previous track record on origination, servicing and performance of existing pools • Willingness to pay, through credit enhancement facilities etc. • Ability to pay • Business risk assessment, wherein following factors are considered: - Outlook for the economy (domestic and global)

- Outlook for the industry - Originator/Pool specific factors

For single loan PTC, credit evaluation of the underlying corporate will be carried out as with any other debt instruments Risk mitigation strategies: Risk mitigation strategies will depend on each asset class, whether they are unsecured loans or secured, seasoning, collection history, past recovery rates, originator’s financial profile, servicing performance, etc for each asset class. SBI MF will invest in pools with investment grade rating by SEBI recognised rating agencies. In addition some specific risk mitigation measures will include Risk Mitigants Credit Risk Analysis of originator with respect to past track record, systems and processes, performance of

pools, collateral adequacy and disclosure frequency; Analysis of specific pool with respect to nature of underlying asset, seasoning, loan sizes, loan to vale ratio, geographical diversity, etc

Counterparty Risk Past track record of handling securitized transactions, disclosure adequacy and frequency Legal Risk Check with rating agency that investors’ interest is not compromised, specific protection

measures like bankruptcy remoteness, etc are built in Separate in-house legal opinion on transactions,

Market Risk Liquidity, Prepayment and Interest Rate Risk Analysis and level of their mitigation through transaction structure and credit enhancements provided

The level of diversification with respect to the underlying assets, and risk mitigation measures for less diversified investments: Framework that will be applied while evaluating investment decision relating to a pool securitization transaction:

Characteristics/Type of

Pool Mortgage Loan

Commercial Vehicle and Construction Equipment

CAR 2 wheelers

Micro Finance Pools

Personal Loans

Single Sell Downs

Others

Approximate Average maturity (in Months)

60-120 months

12-48 months 12-48 months

12-24 months

12 months 12-36 months

NA NA

Collateral margin (including cash ,guarantees, excess interest spread , subordinate tranche)

5-20% 5-20% 5-20% 5-20% 10-30% 10-30% NA NA

Average Loan to Value Ratio

Less than 90%

Less than 90% Less than 90%

Less than 90%

NA NA NA NA

Average seasoning of the Pool

6-12 months

3-6 months 3-6 months

3-6 months

3-12 weeks 1-3 months

0-3 months

NA

Maximum single exposure range

3-4% 3-4% Retail Retail Retail Retail NA NA

Average single exposure range %

1-1.5% 1.5-2% Retail Retail Retail Retail NA NA

Information illustrated in the Table above, is based on the current scenario relating to Securitized Debt market and is subject to change depending upon the change in the related factors. We endeavor to consider some of the important risk mitigating factors for securitized pool i.e.

63

Average original maturity of the pool: based on different asset classes and current market practices Collateral margin including cash collateral and other credit enhancements Loan to Value Ratio Average seasoning of the pool, which is a key indicator of past pool performance Default rate distribution Geographical Distribution Maximum single exposure: Retail pools (passenger cars, 2-wheelers, Micro finance, personal loans, etc) are generally well

diversified with maximum and average single exposure limits within 1%. As illustrated above, these factors vary for different asset classes and would be based on interactions with each originator as well as the credit rating agency

Minimum retention period of the debt by originator prior to securitization: The Scheme will invest in securitized debt as per final RBI guidelines issued on May 7, 2012 and as amended till date. Minimum retention percentage by originator of debts to be securitized The Scheme will invest in securitized debt as per final RBI guidelines issued on May 7, 2012 and as amended till date The mechanism to tackle conflict of interest when the mutual fund invests in securitized debt of an originator and the originator in turn makes investments in that particular scheme of the fund

Investments made by the Scheme in any asset are done based on the requirements of the Scheme and is in accordance with the investment policy. All Investments are made entirely at an arm’s length basis with no consideration of any existing / consequent investments by any party related to the transaction (originator, issuer, borrower etc.). Investments made in Securitized debt are made as per the Investment pattern of the Scheme and are done after detailed analysis of the underlying asset. There might be instances of Originator investing in the same scheme but both the transactions are at arm’s length and avoid any conflict of interest.

The resources and mechanism of individual risk assessment with the AMC for monitoring investment in securitized debt As with any other debt instruments, investment in securitized debt instruments will be closely monitored by a dedicated team of credit analysts, ratings of any such instruments will be continuously tracked and periodic performance report from Trustee and MIS from Originators, if any would be scrutinized closely

Investment in repo in Corporate Bonds

In accordance with the SEBI Circular no. CIR / IMD / DF / 19 / 2011 dated November 11, 2011 read with SEBI Circular no. CIR/IMD/DF/23/2012 dated November 15, 2012 on participation in repo in corporate debt securities, the following broad guidelines as per the policy approved by Board of AMC and Trustee shall be followed by the Scheme.

1. The gross exposure of the scheme to repo transactions in corporate debt securities shall not be more than 10% of the net assets of the concerned scheme.


3. The Scheme shall participate in repo transactions only in AA and above rated corporate debt securities.

4. The Schemes shall borrow through repo transactions only if the tenor of the transaction does not exceed a period of 6 months in terms of Regulation 44 (2) of SEBI (Mutual Funds) Regulations, 1996.


5. Category of counterparty - The schemes of SBI Mutual Fund would transact in corporate bond repo only with

counterparties in the approved list applicable for secondary market transactions in Corporate and Money market securities.

6. Credit Rating of the counterparty - The schemes shall participate in corporate bond repo transactions with only those counterparties who have a credit rating of AA and above and are part of the approved counterparty universe. Corporate bond repo transactions with counterparties rated below AA- would be with prior approval of the Board.


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III. UNITS AND OFFER A. NEW FUND OFFER (NFO) This section does not apply to the scheme, as the ongoing offer of the Scheme has commenced after the NFO period, and the units are available for continuous subscription and redemption. New Fund Offer Period

This is the period during which a new scheme sells its units to the investors.

SBI Magnum TaxGain Scheme 1993 SBI Magnum Taxgain Scheme - 1993 commenced its operations from 1st April, 1993. This scheme was launched as a close-ended scheme redeeming on 31st March, 2003. The scheme was converted into an open-ended Scheme with effect from 12th November, 1999. The Scheme re-opened for continuous repurchase and sales from November 11, 1999.

SBI FMCG Fund/ SBI IT Fund/ SBI Pharma Fund and SBI Contra Fund

Opended on 4th June, 1999 & Closed on July 03, 1999

SBI Emerging Business Fund Opended on 23rd August 2004 & closed on September 17, 2004

SBI Nifty Index Fund Opended on December 18, 2001 & closed on December 31, 2001

SBI Magnum Children’s Benefit Plan Opened on 28th December 2001 & closed on January 25, 2002

SBI Regular Savings Fund Opened on 1st October 2003 & closed on October 22, 2003

SBI Magnum Monthly Income Plan Opened on 22nd February 2001 & closed on March 23, 2001

SBI Magnum InstaCash Fund Opened on May 13th May 1999 to May 19, 1999

SBI Magnum Income Fund – 1998 (erstwhile SBI Magnum Liquid Bond Income Fund)

Opened on 6th October 1998 and closed on November 05, 1998

SBI Magnum Gilt Fund Opened on 11th December, 2000 & closed on December 18, 2000

New Fund Offer Price: This is the price per unit that the investors have to pay to invest during the NFO.

Rs. 10/- per unit

Minimum Amount for Application

Not Applicable

Minimum Target amount This is the minimum amount required to operate the scheme and if this is not collected during the NFO period, then all the investors would be refunded the amount invested without any return. However, if AMC fails to refund the amount within 5 business days, interest as specified by SEBI (currently 15% p.a.) will be paid to the investors from the expiry of 5 business days from the date of closure of the subscription period.

Not Applicable

Maximum Amount to be raised No upper limit. Plans / Options offered The Schemes are now offered on ongoing basis.

Allotment This is not a new fund offer. Refund This is not a new fund offer. Who can invest This is an indicative list and you are requested to consult your financial advisor to ascertain whether the scheme is suitable to your risk profile.

This is not a new fund offer and the Scheme is opened for subscription on ongoing basis. Please refer to the Ongoing Offer details.

Where can you submit the filled up applications.

Application can be submitted at any Official Points of Acceptance. Please see the list of official point of acceptance given at the end of the SID.

How to Apply Please refer to Ongoing offer details Listing Units of the Schemes are not listed in any Stock Exchange The policy regarding reissue of repurchased Not Applicable

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units, including the maximum extent, the manner of reissue, the entity (the scheme or the AMC) involved in the same.

Special Products / facilities available during the NFO

Not Available

Restrictions, if any, on the right to freely retain or dispose of units being offered.

Not Applicable

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B. ONGOING OFFER DETAILS Ongoing Offer Period This is the date from which the scheme will reopen for redemptions after the closure of the NFO period.

SBI Magnum TaxGain Scheme 1993 November 11, 1999.

SBI FMCG Fund/ SBI IT Fund/ SBI Pharma Fund and SBI Contra Fund

2nd August 1999

SBIEmerging Business Fund 11th October 2004

SBI Nifty Index Fund Januaury 14, 2002

SBI Magnum Children’s Benefit Plan February 20, 2002

SBI Regular Savings Fund November10, 2003

SBI Magnum Monthly Income Plan April 23,.2001

SBI Magnum InstaCash Fund May 24, 1999

SBI Magnum Income Fund – 1998 (erstwhile SBI Magnum Liquid Bond Income Fund)

December 01, 1998

SBI Magnum Gilt Fund January 01, 2001

However, the Fund may temporarily suspend acceptance of fresh application at ant time.

Ongoing price for subscription (purchase)/switch-in (from other schemes/plans of the mutual fund) by investors

On going basis, the Magnum / Units of the scheme (s) shall be available during continuous offer for purchase / sale at NAV related price i. e. purchase price of the units / Magnum will be based on the applicable NAV.

Ongoing price for redemption (sale) /switch outs (to other schemes/plans of the Mutual Fund) by investors. This is the price you will receive for redemptions/switch outs. Example: If the applicable NAV is Rs. 10, exit load is 2% then redemption price will be:

Rs. 10* (1-0.02) = Rs. 9.80

The Units purchased under this scheme can be sold back to the fund on any business day and would be subject to the exit load structure as mentioned in the Scheme Information Document. For applications received at the Official Point of Acceptance of SBIMF on any business day, the repurchase price will be based on the applicable NAV. In case the offices of the AMC or the registrars or the Banks are closed for any reason the repurchase date will be taken as the date of the next business day. The repurchased Magnums / Units will be extinguished and will not be reissued. The Magnum holder / Unit holder may request the redemption of a specified rupee amount or a specified number of Magnums/Units. The redemption would be permitted to the extent of the credit balance in the Magnum holder’s / Unit holder’s account. The number of Magnums/Units redeemed will be equal to the amount redeemed divided by the applicable repurchase price. The number of Magnums/Units redeemed will be subtracted from the Magnum holder’s / Unit holder’s account and a revised account statement will be issued to the Magnum holder / Unit holder. Magnums / Units purchased by cheque cannot be redeemed till the cheque is cleared. For investment in Income / Debt Schemes: In case where more than one application is received for purchase/subscription/switch-in in a debt scheme (irrespective of the plan/option/sub-option) of the Fund for an aggregate investment amount equal to or more than Rs. 2 Lakh on any business day, then such applications shall be aggregated at Permanent Account Number (PAN) level of the first holder. Such aggregation shall be done irrespective of the number of folios under which the investor is investing and irrespective of source of funds, mode, location and time of application and payment. Accordingly, the applicable NAV for such investments shall be the day on which the clear funds are available for utilization before the cut off time. In case the funds are received on separate days and are available for utilization on different business days before the cut off time, the

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applicable NAV shall be of the Business day/s on which the cleared funds are available for utilization for the respective application amount. The Mutual Fund will ensure that the Redemption Price will not be lower than 93% of the Applicable NAV and the Purchase Price will not be higher than 107% of the Applicable NAV, provided that the difference between Redemption Price and the Purchase Price at any point in time shall not exceed the permitted limit prescribed by SEBI from time to time, which is currently 7% calculated on the Purchase Price.

Cut off timing for subscriptions/ redemptions/ switches This is the time before which your application (complete in all respects) should reach the official points of acceptance.

Cut-off time for subscriptions / redemptions/ switches for all scheme except SBI Magnum InstaCash Fund : 3.00 pm

Where can the applications for purchase/redemption switches be submitted?

For submitting the applications for purchase/ redemption please see the official points of acceptance given on last page.


Scheme Name Application amount SBI FMCG Fund/ SBI IT Fund/ SBI Pharma Fund and SBI Contra Fund/ SBI Emerging Businesses Fund

Minimum of Rs. 5000/- and in multiples of Re. 1/-

SBI Magnum Children’s Benefit Plan

Minimum of Rs.5000/- and in multiples of Rs.1

SBI Magnum Income Fund Minimum of Rs.5000/- and in multiples of Re. 1/-


Rs. 500/- and in multiples of Rs. 500/- Investment in the Scheme would be subject to lock-in-period of 3 years.

SBI Regular savings Fund Rs. 5000/- and in multiples of Re. 1/-

SBI Magnum Gilt Fund Rs. 5000/- and in multiples of Re. 1/-,

SBI Nifty Index Fund Rs. 5000/- and in multiples of Re. 1/-

SBI Magnum Monthly Income Plan

Rs. 5000/- and in multiples of 1


Rs. 5000/- and in multiplies of Re. 1/-

Minimum amount for Additional purchase Rs. 1000/- and in multiples of Re.1/-, for SBI Magnum Taxgain Scheme – Rs. 500 and in multiples of Rs. 500 (Investment in the Scheme would be subject to lock-in-period of 3 years)

Plans / Options offered a) Direct Plan: Direct Plan is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. All the features of the Direct Plan under Scheme like the investment objective, asset allocation pattern, investment strategy, risk factors, facilities offered, load structure etc. will be the same except for a lower expense ratio as detailed in Section IV – Fees and Expenses – B. – Annual Recurring Expenses.. Brokerage/Commission paid to distributors will not be paid / charged under the Direct Plan. Both the plans shall have a common portfolio.


Modes for applying: Investments under Direct Plan can

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be made through various modes offered by the Mutual Fund for investing directly with the Mutual Fund [except through Stock Exchange Platforms for Mutual Funds and all other Platform(s) where investors’ applications for subscription of units are routed through Distributors].

How to apply:

• Investors desirous of subscribing under Direct Plan of a Scheme will have to ensure to indicate “Direct Plan” against the Scheme name in the application form.

• Investors should also indicate “Direct” in the ARN column of the application form.

b) Regular Plan This Plan is for investors who wish to route their investment through any distributor. c) Growth Option: Dividends will not be declared under this Option. The income attributable to Units under this Option will continue to remain invested and will be reflected in the Net Asset Value of Units under this Option. Dividend Option Under this Option, it is proposed to declare dividends subject to availability of distributable profits, as computed in accordance with SEBI (MF) Regulations. The Trustee reserves the right to declare dividends under the dividend option of the Scheme(s) depending on the availability of distributable surplus under the Scheme(s). Dividend Payout Facility Dividends, if declared, will be paid (subject to deduction of tax at source, if any) to those Unitholders / Beneficial Owners whose names appear in the Register of Unit holders maintained by the Mutual Fund/ statement of beneficial ownership maintained by the Depositories, as applicable, on the notified record date. Dividend Re-investment Facility Unit holders opting for Dividend Option may choose to reinvest the dividend to be received by them in additional Units of the Scheme(s). Under this facility, the dividend due and payable to the Unit holders will be compulsorily and without any further act by the Unit holders, reinvested in the Dividend Option at the prevailing ex-dividend Net Asset Value per Unit on the record date. The amount of dividend re-invested will be net of tax deducted at source, wherever applicable. The dividends so reinvested shall constitute a constructive payment of dividends to the Unit holders and a constructive receipt of the same amount from each Unit holder for reinvestment in Units. On reinvestment of dividends, the number of Units to the credit of Unit holder will increase to the extent of the dividend reinvested divided by the Applicable NAV as explained above. There shall, however, be no Entry Load and Exit Load on the dividend so reinvested. The AMC reserves the right to introduce a new option / investment Plan at a later date, subject to the SEBI (MF) Regulations. The details of Plans and options available in schemes are as follows:

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Scheme /Fund name

Plan Name/Sub-Fund Name

Option Name

Dividend facility

SBI FMCG Fund/ SBI IT Fund/ SBI Pharma Fund and SBI Contra Fund/ SBI Emerging Businesses Fund

Regular Growth - Dividend Payout,

Reinvestment & Transfer

Direct Growth - Dividend Payout,



Regular Growth - Direct Growth -




Direct Growth -

Dividend Payout, Reinvestment & Transfer

- SBI Magnum Taxgain Scheme

Regular Growth - Dividend Payout

& Transfer

Direct Growth - Dividend Payout

& Transfer

SBI Regular Savings Fund





SBI Magnum Gilt Fund – Long Term Plan




Reinvestment

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& Transfer

SBI Magnum Gilt Fund – Short Term Plan










SBI Magnum Monthly Income Plan (MMIP)

Regular Growth - Dividend (Monthly, Quarterly & Annual)

Payout, Reinvestment & Transfer

Direct Growth - Dividend (Monthly, Quarterly & Annual)


SBI Magnum Monthly Income Plan – Floater

Regular Growth - Dividend (Monthly, Quarterly & Annual)


Direct Growth - Dividend (Monthly, Quarterly & Annual)



Regular Growth - Dividend (Daily & Weekly)


Direct Growth - Dividend (Daily & Weekly)

Payout, Reinvestment &

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Transfer

SBI Magnum InstaCash Fund –Liquid Floater Plan^

Regular Growth - Dividend (Daily & Weekly)


Direct Growth - Dividend (Daily & Weekly)


In case of Regular and Direct plan the default plan under following scenarios will be:

Scenario

Broker Code mentioned by the investor











In cases of wrong/ invalid/ incomplete ARN codes mentioned on the application form, the application shall be processed under Regular Plan. The AMC shall contact and obtain the correct ARN code within 30 calendar days of the receipt of the application form from the investor/ distributor. In case, the correct code is not received within 30 calendar days, the AMC shall reprocess the transaction under Direct Plan from the date of application without any exit load. # Daily dividend have reinvestment & Transfer facilities. Payout under the Weekly dividends would be effected only for investments of Rs. 1 crore & above. ^ Payout under the Dividend options would be effected only for investments of Rs. 1 crore and above in case of liquid floater plan.

Dividend Policy The Trustee reserves the right to declare dividends under the dividend option of the Scheme depending on the net distributable surplus available under the Scheme. SBI FMCG Fund/ SBI IT Fund/ SBI Pharma Fund and SBI Contra Fund/ SBI Emerging Businesses Fund • Under the Growth Option, no dividends will be

distributed. The returns to investors will be through capital gains at the time they choose to repurchase any or all of their holdings. Investors may refer to the section “Redemption and Repurchase” for further information.

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• Under the dividend option, the plan may consider

issuing dividends, subject to availability of distributable surplus and at the discretion of the Fund Manager. The Dividend option under the scheme will have the facility for payout / reinvestment of dividends. Reinvestment of the dividend would be at the next business day’s NAV of the Dividend option.


• Under the Growth Plan, no dividends will be

distributed. The returns to investors will be through capital gains at the time they choose to repurchase any or all of their holdings. Investors may refer to section “Redemption and Repurchase” for further information.

• Under the Dividend Plan, the returns will be distributed through declaration of dividends on a semi annual & Quarterly basis at the discretion of the Fund Manager. The rate of dividend will be decided by the Fund Manager with the approval of the Board of Trustees. Although the Scheme will strive to declare a regular dividend, the declaration of dividends and the percentage to be distributed will depend upon the NAV at that time, and no returns are assured.


• Under the Growth Option no dividends will be distributed. The returns to investors will be through capital gains at the time they choose to repurchase any or all of their holdings. Investors may refer to the section “Redemption and Repurchase” for further information.

• Under the Dividend Option, the returns will be distributed through declaration of dividends every quarter at the discretion of the Fund Manager. The rate of dividend will be decided by the Fund Manager with the approval of the Managing Director. Although the scheme will strive to declare a regular dividend, the declaration of dividends and the percentage to be distributed will depend upon the NAV at that time and no returns are assured.

SBI Magnum Gilt Fund • Under the Growth Plan, no dividends will be


• Under the Long-term Dividend Plans, the returns will be distributed through declaration of dividends every quarter at the discretion of the Fund Manager. The rate of dividend will be decided by the Fund Manager with the approval of the Board of Trustees. Although the scheme will strive to declare a regular dividend, the declaration of dividends and the percentage to be distributed will depend upon the NAV at that time and no returns are assured.

• Under the Short-term Dividend Plan, the returns will be distributed through declaration of dividends every month at the discretion of the Fund Manager. The rate of dividend will be decided by the Fund Manager with the approval of the Board of Trustees. Although

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the scheme will strive to declare a regular dividend, the declaration of dividends and the percentage to be distributed will depend upon the NAV at the time and no returns are assured.

SBI Magnum Monthly Income Plan (Monthly Income is not assured and is subject to the availability of distributable surplus)

• Dividend Plan: Under the Dividend Plan, the returns

will be distributed through declaration of dividends on the basis of the option chosen by the investor. The rate of dividend to be declared and distributed will be decided by the Fund Manager with the approval of the Managing Director. Although the scheme will strive to declare a regular dividend, the declaration of dividends and the percentage to be distributed will depend upon the NAV at that time and the returns are not assured. Under the monthly dividend option, dividend will be declared as on the last Friday of each month. For the quarterly dividend option, dividend will be declared as on the last Friday of the each quarter. For the annual dividend option, dividend will be declared on the last Friday of the each financial year. There is no assurance or guarantee to Magnumholders as to the rate of the dividend distribution or that the dividend will be paid regularly.

• Growth Plan: Under the Growth Plan, no dividend is proposed to be distributed. The returns to investors will be through capital gains at the time they choose to repurchase any or all of their holdings. Investors may refer to section “Redemption and Repurchase” for futher information. Refer to the section “Tax Treatment of Investments in Mutual Funds” for further information. Please note that past performance does not necessarily indicate the future performance.

SBI Nifty Index Fund • Under the Growth Plan, no dividends will be


• Under the dividend option, the plan may consider

issuing dividends, subject to availability of distributable surplus and at the discretion of the Fund Manager. The dividend option under the scheme will have the facility for payout / reinvestment of dividends. Reinvestment of the dividen would be at the next business day’s NAV of the dividend option.

SBI Magnum InstaCash Fund • Dividend Plan will make payment of daily and weekly

dividends, subject to availability of distributable surplus. Dividend option have reinvestment & transfer facilities.

• Growth Plan is intended for investors who do not want

to be paid periodic dividend. The frequency of dividend declaration for dividend option of Liquid Floater Plan would be on a weekly basis. Payout of dividend would be effected only for investments above Rs. 1 crore while dividends for investment amounts less than Rs. 1 crore would be reinvested compulsorily.

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• SBI Magnum InstaCash Fund–Liquid Floater Plan has daily and weekly dividend options. Declaration of dividend is not assured and would be endeavored to declare dividend on daily basis subject to availability of distributable surplus. Daily dividend option has reinvestment & transfer facilities. Weekly dividend option has reinvestment, payout & transfer facilities.

The Mutual Fund reserves the right to suitably alter the frequency of the dividend payments under the Plan depending on the performance and any change in the tax laws. The procedure and manner of payment of dividend shall be in line with SEBI circular / guidelines no. SEBI / IMD / CIR No. 1 / 64057 / 06 dated April 04, 2006 and SEBI / IMD / CIR No. 3 / 65370 / 06 dated April 21, 2006 as amended from time to time. As and when the dividend is declared by a Scheme(s) {except SBI Magnum Taxgain Scheme) and the dividend amount payable is less than Rs. 250/- (Rupees Two Hundred and Fifty only), the same will be compulsorily reinvested in the respective Scheme(s)/ Plan(s)/ Option(s) immediately on the ex-dividend date at applicable NAV.

Minimum amount for redemption/switches

If as a result of repurchase the balance in the account of an investor falls below the minimum redemption amount, the fund at is sole discretion will reserve the right to compulsorily redeem the account completely at applicable repurchase price, The minimum amount of repurchase is Rs. 1000/- or 100 Units or account balance whichever is lower. For SBI Magnum Insta Cash Fund - Rs. 1000/- or 1 Unit or account balance For SBI Magnum Taxgain Scheme – in multiples of Rs. 500 (subject to lock-in-period of 3 years)

Special Products (i) Systematic Investment Plan

For investors, the fund offers a Systematic Investment Plan (SIP) at all our Official point of acceptance of SBI MF’s locations. Under this Facility, an investor can invest a fixed amount per frequency. This facility will help the investor to average out their cost of investment over a period of six months or one year and thus overcome the short-term fluctuations in the market. The Scheme offers weekly, Monthly and Quarterly Systematic Investment Plan. a) Terms & conditions for Monthly and Quarterly Systematic investment plan are as follows:

• Monthly – Minimum Rs. 1000 & in multiples of Re. 1 thereafter for minimum 6 months or Minimum Rs. 500 & in multiples of Re. 1 thereafter for minimum 12 months

• Quarterly - Minimum Rs. 1500 & in multiples of Re. 1 thereafter for minimum 1 year

Investors must indicate their choice on their application form in the box provided for the purpose. The post-dated cheques must be dated the 1st/5th/10th/15th/20th/25th/30th (For February, last business day) of every month and drawn in favour of the scheme as specified in the application form and crossed "Account Payee Only". The application may be mailed to the Registrars directly or submitted at any of the Official point of acceptance of SBI MF. The amount will be invested in the scheme at applicable NAV on the date of SIP. The number of Units allotted to the investor will be equal to the amount invested during the month divided by the Sale Price for that day. An intimation of the allotment will be sent to the investor. The investor

76

may terminate the facility after giving at least three weeks' written notice to the Registrar. b)Weekly Systematic Investment Plan The terms & conditions for the weekly SIP are as follows:

1) Minimum amount for weekly SIP – Rs. 1000 and in

multiples of Re.1 thereafter. 2) Minimum number of installments will be 6. 3) Weekly SIP will be done on 1st, 8th, 15th & 22nd of

the month 4) In case the date of SIP falls on a Non-Business Day,

then the immediate following Business Day will be considered for the purpose of transfer.

5) In case start date is mentioned but end date is not mentioned, the application will be registered for perpetual period.

6) Default option between weekly, monthly & quarterly SIP will be monthly

7) All other terms and conditions as applicable to SIP will also be applicable to weekly SIP.

The Trustees / AMC reserve the right to modify or discontinue this facility at any time in future on prospective basis. SBI Chota SIP - SBI Chota SIP facility under the current Systematic Investment Plan facility is available under the Growth Options of – SBI Contra Fund. The Minimum Investment Amount will be Rs. 100 and in multiples of Rs 50/- thereof. The Minimum Redemption Amount will be Rs. 500 and in multiples of Re. 1. Minimum tenure of SIP will be 5 years. SBI Chota SIP facility would be offered to investors having Auto debit facility/ Direct debit facility with certain banks where SBI Funds Management Private Limited has specific arrangements. All other terms and conditions as applicable to Systematic Investment Plan facility of the Scheme also apply to SBI Chota SIP facility. Subscription to SIP through ECS Agra, Ahmedabad, Allahabad, Amritsar, Anand, Asansol, Aurangabad, Bangalore, Bardhaman, Baroda, Belgaum, Bhavnagar, Bhilwara, Bhopal, Bhubaneshwar, Bijapur, Bikaner, Calicut, Chandigarh, Chennai, Cochin, Coimbatore, Cuttack, Davangere, Dehradun, Delhi, Dhanbad, Durgapur, Erode, Gadag, Gangtok, Goa, Gorakhpur, Gulbarga, Guwahati, Gwalior, Haldia, Hasan, Hubli , Hyderabad, Imphal, Indore, Jabalpur, Jaipur, Jalandhar, Jammu, Jamnagar, Jamshedpur, Jodhpur , Kakinada, Kanpur, Kolhapur, Kolkata, Kota, Lucknow, Ludhiana, Madurai, Mandya, Mangalore, Mumbai, Mysore, Nagpur, Nasik, Nellore, , Patna, Pondicherry, Pune, Raichur, Raipur, Rajkot, Ranchi, Salem, Shillong, Shimla , Shimoga, Sholapur, Siliguri, Surat, Tirunelveli, Tirupati, Tiruppur, Trichur, Trichy, Trivandrum, Tumkur, Udaipur, Udipi, Varanasi, Vijaywada, Vizag List of Direct Debit Banks (All core branches): Axis Bank, Bank Of Baroda, Bank Of India, Citibank, Corporation Bank, Chattisgarh Gramin Bank, HDFC Bank, IDBI Bank, IndusInd Bank, Kotak Mahindra Bank, Punjab National Bank, State Bank of Bikaner & Jaipur, State Bank of\ Hyderabad, State Bank of India (including SBS & SBIndore), State Bank of Mysore, State Bank of Patiala, State Bank of Travancore, Union Bank Of India

77

The AMC has the discretion to include more cities/remove cities from the above list offering the Easy Pay Facility at any time. Completed application form, SIP Auto debit mandate form and the first cheque should be submitted at least 30 days before the transaction date. Investors should mandatorily give a cheque for the first transaction drawn on the same bank account for Easy Pay Facility The application form, mandate form along with the cancelled cheque / photocopy of the cheque should be sent to Official point of acceptance of SBI MF. Existing investors are required to submit only the SIP Auto Debit mandate form indicating the existing folio number and the investment details as in the SIP Auto debit form along with the first cheque and the Cancelled cheque / Photocopy of the cheque. • Fixed-end Period SIP Investors can opt for a SIP for a period of 3 years, 5 years, 10 years, and 15 years in addition to the existing end date & perpetual SIP options. Terms and conditions of Fixed-end period for SIP are as follows: 1) If the investor does not specify the end date of SIP,

the default period for the SIP will be considered as perpetual.

2) If the investor does not specify the date of SIP, the default date will be considered as 10th of every month.

3) If the investor does not specify the frequency of SIP, the default frequency will be considered as Monthly.

4) If the investor does not specify the plan option, the default option would be considered as Growth option.

5) If investor specifies the end date and also the fixed end period, the end date would be considered.

• Top-up SIP Top-up SIP is a facility whereby an investor has an option to increase the amount of the SIP installment by a fixed amount at pre-defined intervals. This will enhance the flexibility of the investor to invest higher amounts during the tenure of the SIP. Terms and conditions of Top-up SIP are as follows: 1) The Top-up option must be specified by the investors

while enrolling for the SIP facility. 2) The minimum SIP Top-up amount is Rs. 500 and in

multiples of Rs. 500. 3) The Top-up details cannot be modified once enrolled.

In order to make any changes, the investor must cancel the existing SIP and enroll for a fresh SIP with Top-up option.

4) In case of Monthly SIP, Half-yearly as well as Yearly frequency are available under SIP Top-up. If the investor does not specify the frequency, the default frequency for Top-up will be considered as Half-yearly.

5) In case of Quarterly SIP, only the Yearly frequency is available under SIP Top-up.

6) Top-up SIP will be allowed in all schemes in which SIP facility is being offered.

7) All other terms & conditions applicable for regular SIP will also be applicable to Top-up SIP.

8) SIP Top-up facility shall be available for SIP Investments through ECS (Debit Clearing) / Direct debit facility only

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• Registration of SIPs through SBI MF online platform – All registered KYC complied existing individual investors can register the SIPs through online platform of SBI Mutual Fund subject to terms & conditions as mentioned on Sbi mf website : www.sbimf.com. • Option to hold units in dematerialized form for

investments made through Systematic Investment Plan (SIP)

The units will be allotted in demat form based on the applicable NAV as per the terms of the respective Scheme Information Document(s) and will be credited to investor’s Demat Account on weekly basis on realization of funds. For e.g. Units will be credited to investor’s Demat account every Monday on the basis of realization status received during the last week (Monday to Friday). The allotment of units in demat form will be subject to the guidelines/ procedural requirements specified by the Depositories (NSDL/CDSL) from time to time.

Post Dated Cheques On an ongoing basis, Investors can subscribe to SIP facility by submitting completed application forms along with post dated cheques. Entry into SIP can be on any date. However investor has to select SIP cycle of 1st/5th / 10th/15th /20th/ 25th/30th (For February last business day) in case of Monthly & Quarterly SIP and 1st, 8th, 15th & 22nd of the month in case of Weekly SIP. A minimum 15 days gap needs to be maintained between SIP entry date and SIP cycle date. Subsequent post dated cheques must be dated 1st/5th / 10th/15th /20th/ 25th/30th (For February last business day)of every month in case of Monthly & Quarterly SIP and 1st, 8th, 15th & 22nd of the month in case of Weekly SIP drawn in favour of the scheme as specified in the application form and crossed “Account Payee Only”. The application may be mailed to the Registrars directly or submitted at any of the Official point of acceptance of SBI MF. The number of Units allotted to the investor will be equal to the amount invested during the month divided by the Sale Price for that day. An intimation of the allotment will be sent to the investor. The investor may terminate the facility after giving at least three weeks' written notice to the Registrar. Investment through PDCs will only be accepted with banks where the AMC does not have direct debit arrangement / ECS facility. (ii) Systematic Withdrawal Plan Under SWP, a minimum amount of Rs. 500/- can be withdrawn every month or quarter or weekly or half yearly or on annual basis by indicating in the application form or by issuing advance instructions to the Registrar at any time. Investors may indicate the month and year from which SWP should commence along with the frequency. SWP can be processed on 1st/5th/10th/15th/20th/25th/30th (For February, last business day) of every Month / Quarter / half yearly and Annually and 1st / 8th / 15th / 22nd of every month in case of Weekly SWP and payment would be credited to the registered bank mandate account of the investor through Direct Credit or cheques would be issued. In case any of these days is a non-business day then the immediately next business day will be considered. If no date is mentioned, 10th will be considered as the default date. If no frequency mentioned, ‘Monthly’ will be


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considered as the default frequency. If ‘End date’ not mentioned, the same will be considered as ‘Perpetual’. SWP entails redemption of certain number of Magnums / Unit that represents the amount withdrawn. Thus it will be treated as capital gains for tax purposes. The complete application form for enrolment / termination for SWP should be submitted, at least 10 days prior to the desired commencement/ termination date. (iii) Systematic Transfer Plan Systematic Transfer Plan is a combination of systematic withdrawal from one scheme and systematic investment into another scheme. Therefore the minimum amount of withdrawals applicable under SWP would be applicable to STP also. Similarly the minimum investments applicable for each scheme under SIP would be applicable to STP. The complete application form for enrolment / termination for STP should be submitted, at least 10 days prior to the desired commencement/ termination date. STP facility would allow investors to transfer a predetermined amount or units from one scheme of the Mutual Fund to the other. The transfer would be effected on any business day as decided by the investor at the time of opting for this facility. STP would be permitted for a minimum period of six months between two schemes. The transfer would be affected on the same date of every month (or on the subsequent business day, if the date of first transfer is a holiday) on which the first transfer was affected. STP can be terminated by giving advance notice to the Registrars. Terms and conditions of monthly & quarterly STP: STP would be permitted for a minimum period of six months between two schemes. The transfer would be affected on the same date of every month (or on the subsequent business day, if the date of transfer is a holiday) on which the first transfer was affected. STP can be terminated by giving advance notice of minimum 7 days to the Registrars. In respect of STP transactions, an investor would now be permitted to transfer any amount from the switchout scheme, subject to: Monthly – Minimum Rs. 1000 & in multiples of Re. 1 thereafter for minimum 6 months or Minimum Rs. 500 & in multiples of Re. 1 thereafter for minimum 12 months Quarterly - Minimum Rs. 1500 & in multiples of Re. 1 thereafter for minimum 1 year STP can be done without any restriction on maintaining the minimum balance requirement as stipulated for the switch out scheme. Terms and conditions of daily & weekly STP: 1. Under this facility, investor can transfer a predetermined amount from one scheme (Source Scheme) to the other scheme (Target Scheme) on daily basis / weekly basis. 2. Currently, this facility is available through SBI Magnum InstaCash Fund, SBI Magnum Instacash Fund – Liquid Floater Plan, SBI Premier Liquid Fund, SBI Ultra Short Term Debt Fund & SBI Short Term Debt Fund (Source Scheme). 3. Target schemes allowed would be all open ended equity schemes, SBI Magnum Balanced Fund, SBI Inflation Indexed Bond Fund and SBI Gold Fund. 4. Minimum amount of STP for SBI Magnum Taxgain Scheme will be Rs. 500 & in multiples of Rs. 500 for both daily & weekly STP and for other funds the minimum amount of STP will be Rs. 500 & in multiple of Re. 1 for daily STP &

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Rs. 1000 & in multiple of Re. 1 for weekly STP. 5. Minimum number of installments will be 12 for daily STP & 6 for weekly STP. 6. Weekly STP will be done on 1st, 8th, 15th & 22nd of every month. In case any of these days is a non business day then the immediate next business day will be considered. 7. The complete application form for enrolment / termination for STP should be submitted, at least 10 days prior to the desired commencement/ termination date. 8. Daily and weekly STP facility shall be available from/to daily/weekly dividend plans of any scheme 9. Exit load shall be as is applicable in the target/source schemes. Default frequency for STP is Monthly & default date for the start of STP is 10th.

Flex Systematic Transfer Plan in all the open-ended schemes of SBI Mutual Fund offering Systematic Transfer Plan (STP) facility: Flex Systematic Transfer Plan is a facility wherein an investor under a designated open-ended Scheme can opt to transfer variable amounts linked to the value of his investments on the date of transfer at pre-determined intervals from designated open-ended scheme (source scheme) to the Growth option of another open-ended scheme (target scheme). 1. The amount to be transferred under Flex STP from

source scheme to target scheme shall be calculated using the below formula: Flex STP amount = [(fixed amount to be transferred per installment x number of installments already executed, including the current installment) - market value of the investments through Flex STP in the Transferee Scheme on the date of transfer]

2. The first Flex STP installment will be processed for the fixed installment amount specified by the investor at the time of enrolment. From the second Flex STP installment onwards, the transfer amount shall be computed as per formula stated above.

3. Flex STP would be available for Weekly, Monthly and Quarterly frequencies.

4. Weekly Flex STP can be done on 1st / 8th / 15th / 22nd of every month.

5. Flex STP is available from “Daily / Weekly” dividend plans of the source schemes.

6. Flex STP is available only in “Growth” option of the target scheme.

7. If there is any other financial transaction (purchase, redemption or switch) processed in the target scheme during the tenure of Flex STP, the Flex STP will be processed as normal STP for the rest of the installments for a fixed amount.

8. A single Flex STP Enrolment Form can be filled for transfer into one Scheme/Plan/Option only.

9. In case the date of transfer falls on a Non-Business Day, then the immediate following Business Day will be considered for the purpose of determining the applicability of NAV.

10. In case the amount (as per the formula) to be transferred is not available in the source scheme in the investor’s folio, the residual amount will be transferred to the target scheme and Flex STP will be closed.

11. The complete application form for enrolment / termination for Flex STP should be submitted, at least 10 days prior to the desired commencement/ termination date.

12. All other terms & conditions of Systematic Transfer Plan are also applicable to Flex STP.

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Swing STP Swing STP is a facility wherein investor can opt to transfer an amount at regular intervals from source scheme of SBI Mutual Fund (SBIMF) to a target scheme of SBIMF including a feature of reverse transfer from target scheme into the source scheme, in order to achieve the targeted market value on each transfer date in the target scheme. This ensures that the market value on each date of the transfer rises by a specified amount at every frequency irrespective of the market price. For example if investor decides that the value of their investment in the target scheme should appreciate by Rs. 1000 per month, then each month investor will invest only to the extent of the shortfall. If appreciation in the target scheme is higher than the target value then this excess value is reverse transferred to the source scheme. Thus the amount to be transferred will be arrived at on the basis of the difference between the target market value and the actual market value of the holdings in the target scheme on the date of transfer. Terms & conditions of Swing STP are as follows: 1. Source scheme: All open ended schemes (Excluding SBI

Magnum Taxgain Scheme and ETF schemes) of SBI Mutual Fund.

2. Target scheme: Growth option in all open ended schemes (Excluding SBI Magnum Taxgain Scheme and ETF schemes) of SBI Mutual Fund.

3. Frequency: Weekly, Monthly and Quarterly intervals. In case the Frequency is not indicated, Monthly frequency shall be treated as the Default Frequency.

4. Dates: The dates of transfers/ default dates shall be as under: Frequency

Dates of Transfers Default Date

Weekly Interval

1st, 8th, 15th & 22nd of every month

Monthly Interval

1st, 5th, 10th, 15th, 20th, 25th & 30th In case of February last working day)

10th of every month

Quarterly Interval

1st, 5th, 10th, 15th, 20th, 25th & 30th (In case of February last working day) The beginning of the quarter could be any month e.g. January, May, November, etc.

10th of every quarter

In case the date of transfer falls on a non-Business Day, the immediate next Business day will be considered for the purpose of determining the applicability of NAV and processing the transaction.

5. The minimum amount for the first installment shall be as follows:

• Weekly & Monthly frequency: Rs. 1,000 and in multiples of Re. 1

• Quarterly frequency: Rs. 3,000 and in multiples of Re. 1

6. Minimum number of installments • Weekly & Monthly frequency: 12 • Quarterly frequency: 4

7. If there is any other financial transaction (purchase / redemption / switch / SIP / DTP etc.) processed in the target scheme/plan/option during the tenure of Swing STP, the Swing STP will be processed as normal STP for the rest of the installments for the fixed amount.

8. Amount of transfer: The first Swing STP installment will be processed for the installment amount specified by the investor at the time of enrollment. From the

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second Swing STP installment onwards, the transfer amount will be derived by the following formula: (First installment amount X Number of installments including the current installment) – Market Value of the investments through Swing STP in the target scheme/plan/option on the date of transfer. In case on the STP date, the amount (as specified above) to be transferred is not available in the source scheme/plan/option in the investor’s folio, the residual amount will be transferred to the target scheme/plan/option and Swing STP will be closed.

9. Reverse Transfer: On the date of transfer, if the market value of the investments in the target scheme/plan/option through Swing STP is higher than the target market value (first installment amount X number of installments including the current installment), then a reverse transfer will be effected from the target scheme/plan/option to the source scheme/plan/option to the extent of the difference in the amount, in order to arrive at the target market value.

10. Top-up option: Investor can choose Swing STP based on fixed amount installment and additionally investor has an option to choose top-up option. Under this, investor can indicate an absolute amount or percentage (in annualized terms) by which each installment amount will be increased. Amount of transfer will be calculated by taking into consideration of the target market value (including top-up amount) and actual market value of the investments in the target scheme. a. Amount of transfer: The first Swing STP

installment will be processed for the first installment amount specified by the investor at the time of enrollment. From the second Swing STP installment onwards, the transfer amount will be derived by the following formula: In case Top-up amount mentioned as absolute amount: Target market value Minus Market Value of the investments through Swing STP in the target scheme/plan/option on the date of transfer. Target market value = (Target market value at the time of last installment + First installment amount + (Top-up absolute amount X Number of installments excluding the current installment)). Minimum amount for Top-up (absolute amount): • Weekly & Monthly frequency: Rs. 50 per

installment and in multiples of Re. 1 • Quarterly frequency: Rs. 100 per installment

and in multiples of Re. 1

In case Top-up amount mentioned in percentage: Target Market Value Minus Market Value of the investments through Swing STP in the target scheme on the date of transfer. Target Market Value = (Target market value at the time of last installment + First installment amount + (First installment amount X Top-up percentage X Number of installments excluding the current installment/ No. of periods)) No. of periods will be considered as below:

• For weekly frequency – 52 • For monthly frequency – 12 • For quarterly frequency – 4

Minimum percentage for Top-up (percentage option): 12% per annum

11. A single STP enrolment Form can be submitted for transfer into one Scheme/Plan/Option only.

12. The redemption/switch-out of units allotted in the target scheme shall be processed on First In First Out (FIFO) basis.

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13. The provision of ‘Minimum Redemption Amount’ as specified in the Scheme Information Document of the source scheme (target scheme in case of Reverse Transfer) and ‘Minimum Purchase Amount’ specified in the Scheme Information Document of the target scheme (source scheme in case of Reverse Transfer) will not be applicable for Swing STP.

14. The application for enrollment / termination for Swing STP should be submitted at least 10 days before the desired commencement / termination date.

15. In case the Start Date is not mentioned, the application will be registered after expiry of 10 days from submission of the application as per the default date i.e. 10th of each month / quarter (or the immediately succeeding Business Day). In case the End Date is not mentioned, the application will be registered for perpetual period.

16. Load structure prevalent in source & target schemes (for reverse transfer) at the time of Swing STP registration will be applicable during the tenure of the Swing STP.

17. Swing STP will be automatically terminated if balance is not available in the source scheme/plan/option on the date of Swing STP installment processing.

18. The Swing STP Facility is available only for units held in Non - demat Mode in the source and target schemes.

The Trustees / AMC reserves the right to change / modify the terms and conditions of the Swing STP or withdraw the Swing STP facility at the later date.

Capital Appreciation Systematic Transfer Plan (CASTP):

Under this facility investors can transfer capital appreciation from their invested scheme (source scheme) to another open-ended scheme (target scheme). The salient features and terms & conditions of CASTP are given below:

1. Source scheme: This facility is available under Growth option of all open ended schemes [except Equity Linked Savings Scheme & Exchange Traded Funds (ETFs)] of SBI Mutual Fund.

2. Target scheme: All open ended schemes except ETFs and daily dividend options.

3. Frequency: CASTP offers transfer facility at weekly (1st. 8th, 15th & 22nd), monthly & quarterly intervals.

4. Amount to be transferred: Capital appreciation, if any, will be transferred to the target Scheme, subject to minimum of Rs. 100 on any business day.

5. Minimum number of installments: − Weekly & monthly frequency – six installments − Quarterly frequency - four installments.

6. Capital appreciation, if any, will be calculated from the enrolment date of the CASTP under the folio, till the first transfer date. Subsequent capital appreciation, if any, will be the capital appreciation between the previous CASTP date (where CASTP has been processed and transferred) and the current CASTP date.

7. The application for enrolment / termination for CASTP should be submitted, at least 10 days prior to the desired commencement/ termination date.

8. In case Start Date is mentioned but End Date is not mentioned, the application will be registered for perpetual period.

9. In case End Date is mentioned but Start Date is not mentioned, the application will be registered after the expiry of 10 days from the submission of the application for the date of the transfer mentioned in the application, provided the minimum number of installments is met.

10. Minimum investment requirement in the target scheme and minimum redemption amount in the source scheme

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is not be applicable for CASTP. 11. Default options:

a. Between Regular STP, Flex STP and CASTP – Regular STP

b. Between weekly, monthly & quarterly frequency – Monthly frequency

c. Default date for monthly and quarterly frequency – 10th

12. Investor can register only one CASTP for transfer from a source scheme.

13. In case the date of transfer falls on a Non-Business Day, then the immediate following Business Day will be considered for the purpose of transfer.

14. Exit load shall be as applicable in the target/source schemes.

The Trustees / AMC reserve the right to modify or discontinue this facility at any time in future on prospective basis. Switchover facility Unit holders under the scheme will have the facility of switchover between the two Options in the scheme at NAV. Switchover between this scheme and other scheme of the Mutual Fund would be at NAV related prices. Switchovers would be at par with redemption from the outgoing option/Plan/scheme and would attract the applicable tax provisions and load at the time of switchover.

Trigger facilities in all the open-ended schemes of SBI Mutual Fund

Trigger is an event on happening of which the funds from one scheme will be automatically redeemed and/or switched to another scheme as specified by the investor. A trigger will activate a transaction/alert when the event selected for, has reached a value equal to or greater than (as the exact trigger value may or may not be achieved) the specified particular value (trigger point).

Types of Triggers:

1. NAV Appreciation / Depreciation Trigger: Under this facility, Investor can indicate NAV appreciation or depreciation in percentage terms for exit trigger. The minimum % NAV appreciation or depreciation is 5% and in multiples of 1% thereafter. On activation of the trigger the applicable NAV for the transaction will be of the day on which the trigger has been activated.

2. Index Level Appreciation / Depreciation Trigger:

Under this facility, investor would indicate the Sensex level as the trigger to redeem/ switch from one scheme to another. The Sensex level to be indicated in multiples of 100 only. In case indicated otherwise, it will be rounded off to nearest 100 points. The investor may choose the Sensex level above or below the current level.

3. Capital Appreciation / Depreciation: Under this

facility, investors will be given the option to indicate the capital appreciation / depreciation in monetary terms to activate the trigger. Minimum Capital Appreciation / Depreciation should be Rs. 10,000 & in multiples of Rs. 1000 thereafter.

Terms and conditions of Trigger facility are as follows: 1. Trigger facility is available only in “Growth” option of

the source scheme. 2. Trigger facility is not available in “Daily / Weekly”

options of the target scheme. 3. Investor has the option to select the entire amount /

appreciation to be processed on the activation of trigger.

4. The Trigger option mandate will be registered on

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T+10 basis. 5. Minimum investment amount under the “Trigger

Facility” is Rs. 25,000/- and in multiples of Rs. 1 thereafter.

6. Combination of trigger facilities is not permitted. The investor may choose only one of the available triggers.

7. The specified trigger will fail, if the investor(s) do not maintain sufficient balance in source scheme(s) on the trigger date. Trigger will also not get executed in case units are under pledge / lien.

8. Trigger facility shall be applicable subject to exit load, if any, in the transferor schemes.

9. Investor cannot modify a Trigger registration once submitted. Investor must cancel the existing Trigger option and enroll for a fresh Trigger option.

10. In case Trigger is not activated within one year of application, the Trigger registration will cease to exist. In such cases, investor(s) would have to register fresh trigger mandates.

11. If any financial transaction (purchase, redemption or switch) processed in the source scheme, the trigger will be cancelled automatically.

Dividend Transfer Plan in all open ended schemes of SBIMF Dividend Transfer Plan is a facility wherein the dividend declared under an open-ended Scheme (Source Scheme) will automatically be invested into another Open ended Scheme (Target Scheme) except Liquid Schemes. Terms and conditions for availing the above facility is detailed below:

1. Minimum amount of dividend eligible for transfer is Rs.250 If the dividend in the source scheme happens to be less than Rs.250 then such dividend will be automatically reinvested in the source scheme irrespective of the option selected by the investor.

2. Investment in the target scheme will be done at the NAV as applicable for switches, with record date being the transaction day.

3. Investor wishing to select Dividend Transfer Plan will have to opt for all units under the respective plan/option of the source scheme.

4. Investors opting for Dividend Transfer Plan has to specify each scheme/plan/option separately & not at the folio level.

5. Minimum investment amount requirement in the target scheme/s will not be applicable for the Dividend Transfer Plan.

6. Request for enrollment must be submitted at least 15 days before the dividend record date.

7. Investors can terminate this facility by giving a written request at least 15 days prior to the dividend record date under the source scheme.

8. This facility is available under daily, weekly and fortnightly dividend option of all schemes

The Trustees / AMC reserve the right to modify or discontinue this facility at any time in future on prospective basis.

Who can invest This is an indicative list and you are requested to consult your financial advisor to ascertain whether the scheme is suitable to your risk profile.

Prospective investors are advised to satisfy themselves that they are not prohibited by any law governing such entity and any Indian law from investing in the Scheme and are authorized to purchase units of mutual funds as per their respective constitutions, charter documents, corporate / other authorisations and relevant statutory provisions. The following is an indicative list of persons who are generally eligible and may apply for subscription to the Units of the Scheme:

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• Indian resident adult individuals, either singly or jointly (not exceeding three);

• Minor through parent / lawful guardian; (please see the note below)

• Companies, bodies corporate, public sector undertakings, association of persons or bodies of individuals and societies registered under the Societies Registration Act, 1860;

• Religious and Charitable Trusts, Wakfs or endowments of private trusts (subject to receipt of necessary approvals as required) and Private Trusts authorised to invest in mutual fund schemes under their trust deeds;

• Partnership Firms constituted under the Partnership Act, 1932;

• A Hindu Undivided Family (HUF) through its Karta; • Banks (including Co-operative Banks and Regional

Rural Banks) and Financial Institutions; • Non-Resident Indians (NRIs) / Persons of Indian Origin

(PIO) on full repatriation basis or on non-repatriation basis; Prospective investors are advised to note that the SID does not constitute distribution, an offer to buy or sell or solicitation of an offer to buy or sell Units of the Fund in any jurisdiction in which such distribution, sale or offer is not authorized per applicable law. Any investor by making investment in SBI Mutual Fund confirms that he is an eligible investor to make such investment(s) and confirms that such investment(s) has been made in accordance with applicable law.

• Foreign Institutional Investors (FIIs)/ Sub-account registered with SEBI on full repatriation basis;

• Qualified Foreign Investor • Foreign Portfolio Investor • Army, Air Force, Navy and other para-military funds

and eligible institutions; • Scientific and Industrial Research Organisations; • Provident / Pension / Gratuity and such other Funds

as and when permitted to invest; • International Multilateral Agencies approved by the

Government of India / RBI; and • The Trustee, AMC or Sponsor or their associates (if

eligible and permitted under prevailing laws). • A Mutual Fund through its schemes, including Fund of

Funds schemes. Note: Minor can invest in any scheme of SBI Mutual Fund through his/her guardian only. Minor Unit Holder on becoming major is required to provide prescribed document for changing the status in the Fund’s records from ‘Minor’ to ‘Major’. For details of the documentation pertaining to investment made on behalf of minor, please refer to Statement of Additional Information (SAI). Notes : 1. Non Resident Indians and Persons of Indian Origin

residing abroad (NRIs) / Foreign Institutional Investors (FIIs) have been granted a general permission by Reserve Bank of India [Schedule 5 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000 for investing in / redeeming units of the mutual funds subject to conditions set out in the aforesaid regulations.

2. In case of application under a Power of Attorney or by

a limited company or a corporate body or an eligible institution or a registered society or a trust fund, the original Power of Attorney or a certified true copy duly notarised or the relevant resolution or authority to make the application as the case may be, or duly

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notarised copy thereof, alongwith a certified copy of the Memorandum and Articles of Association and/or bye-laws and / or trust deed and / or partnership deed and Certificate of Registration should be submitted. The officials should sign the application under their official designation. A list of specimen signatures of the authorised officials, duly certified / attested should also be attached to the Application Form. In case of a Trust / Fund it shall submit a resolution from the Trustee(s) authorizing such purchases. Applications not complying with the above are liable to be rejected.

3. Returned cheques are liable not to be presented again

for collection, and the accompanying application forms are liable to be rejected.

i) In case of SBI Magnum Children’s Benefit Plan the following categories proposing to gift to a child of less than 15 years of age are eligible to invest in the Scheme (subject to, wherever relevant, purchase of Magnums of mutual funds being permitted under relevant statutory regulations and their respective constitutions) are eligible to invest in the scheme :

• Adult Resident individuals. • Companies, Bodies Corporate, Public Sector

Undertakings, Partnership Firms, Association of Persons or bodies of individuals and societies registered under the Societies Registration Act, 1860.

• Charitable / other trusts, wakfs and societies registered under the applicable laws and authorised to invest in mutual funds. Applications by the above should be accompanied by their Trust Deed, certified copy of the Board Resolution authorizing the investment, and list of authorised signatories with specimen signatures.

• Non-Resident Indians (NRIs) can invest on fully repatriable basis only in cases where the Donee child is also an NRI. The age of the beneficiary child, i.e. the Magnum Holder / Unit Holder, must be less than 15 years on the date of the investment by the Investor. Subsequent purchases of Magnums / Units may be made until the beneficiary child completes 15 years of age. No proof of age is required. Declaration by the Investor and the date of birth mentioned in the application form is sufficient. However, the Trustees and / or the AMC may, if considered necessary, in their sole discretion ask for proof of the same.

Who cannot invest It should be noted that the following entities cannot invest in the scheme(s) : 1. Any individual who is a Foreign National 2. Overseas Corporate Bodies (OCBs) shall not be

allowed to invest in the Scheme. These would be firms and societies which are held directly or indirectly but ultimately to the extent of at least 60% by NRIs and trusts in which at least 60% of the beneficial interest is similarly held irrevocably by such persons (OCBs).

3. Residents of United States of America and Canada. SBIMFTCPL reserves the right to include / exclude new / existing categories of investors to invest in the Scheme from time to time, subject to SEBI Regulations and other prevailing statutory regulations, if any. Subject to the Regulations, any application for Units may be accepted or rejected in the sole and absolute discretion

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of the Trustee. For example, the Trustee may reject any application for the Purchase of Units if the application is invalid or incomplete or if, in its opinion, increasing the size of any or all of the Scheme's Unit capital is not in the general interest of the Unit holders, or if the Trustee for any other reason does not believe that it would be in the best interest of the Scheme or its Unit holders to accept such an application. The AMC / Trustee may need to obtain from the investor verification of identity or such other details relating to a subscription for Units as may be required under any applicable law, which may result in delay in processing the application. Defective applications liable for rejection Applications not complete in any respect are liable to be rejected. In the event of non-allotment of Units, no interest will be paid on the money refunded if refunded within 5 business days. In case of any representation to the Trustees against the disqualification of any application, the decision of the Trustees will be final.

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How to Apply Please refer to the SAI and Application form for the instructions. However, investors are advised to fill up the details of their bank account numbers on the application form in the space provided. In order to protect the interest of the Unit holders from fraudulent encashment of cheques, SEBI has made it mandatory for investors in mutual funds to state their bank account numbers in their applications. It may be noted that, in case of those unit holders, who hold units in demat form, the bank mandate available with respective Depository Participant will be treated as the valid bank mandate for the purpose of payout at the time of maturity or at the time of any corporate action.

SEBI has also made it mandatory for investors to mention their Permanent Account Number (PAN) transacting in the units of SBI Mutual Fund, irrespective of the amount of transaction.

Please also note that the KYC is compulsory for making investment in mutual funds schemes irrespective of the amount, for details please refer to SAI.

Please note that Applications complete in all respects together with necessary remittance may be submitted before the closing of the offer at any Official Point of Acceptance of SBIMF. The Cheques / Demand Drafts should be payable at the Centre where the application is lodged. No outstation cheques or stockinvests or cash will be accepted. The application amount in cheque or Demand Draft shall be payable as under:

Scheme Name Payable to SBI IT Fund, SBI Pharma Fund, SBI FMCG Fund, SBI Contra Fund & SBI Emerging Businesses Fund

SBIMF– SBI IT Fund OR SBIMF – SBI Contra Fund OR SBIMF – SBI Pharma Fund OR SBIMF – SBI FMCG Fund OR SBIMF – SBI Emerging Businesses Fund


SBIMF – SBI Magnum Children’s Benefit Plan

SBI Magnum Income Fund -1998

SBIMF- SBI Magnum Income Fund – Dividend OR SBIMF- SBI Magnum Income Fund – Growth


SBIMF – SBI Magnum Taxgain Scheme


SBIMF – SBI Regular Savings Fund

SBI Magnum Gilt Fund SBIMF-SBI Magnum Gilt Fund-LTP-DP/ LTP GR OR SBIMF SBI Magnum Gilt Fund- STP-DP / STP-GR

SBI Nifty Index Fund SBIMF - SBI Nifty Index Fund SBI Magnum Monthly Income Plan

SBIMF - SBI Magnum Monthly Income Plan - DP (Monthly) OR SBIMF – SBI Magnum Monthly Income Plan - DP (Quarterly) OR SBIMF - SBI Magnum Monthly Income Plan - DP (Annual) OR SBIMF – SBI Magnum Monthly Income Plan – Growth


SBIMF – SBI Magnum InstaCash Fund - Dividend Plan OR SBIMF – SBI Magnum InstaCash Fund - Growth Plan OR SBIMF -SBI Magnum InstaCash Fund - Liquid Floater

Default plans Between Regular Plan & Direct Plan: In case investor has mentioned the Distributor code (ARN code) and not specified either Regular Plan or Direct Plan

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in the application form, the default plan shall be considered as “Regular Plan”. In other cases, the default plan shall be considered as “Direct Plan”. For equity schemes: For SBI IT Fund & SBI FMCG Fund: Default among Growth & Dividend option will be Gowth option. For Dividend mode between reinvestment, payout and transfer, default will be reinvestment. For other equity funds: Default among Growth & Dividend option will be Gowth option. For Dividend mode between reinvestment, payout and transfer, default will be Payout. For liquid schemes: Default among Growth & Dividend option will be Dividend option. For Dividend mode between reinvestment, payout and transfer, default will be reinvestment. For dividend frequency default option will be the lowest period option specific for the fund. For debt schemes: Default among Growth and Dividend option will be Growth option. For Dividend mode between reinvestment, payout and transfer, default will be reinvestment. For dividend frequency default option will be the highest period option specific for the fund. For SBI Magnum Instacash Fund default sub-plan will be Cash Plan. For SBI Magnum Income Fund default plan will be Growth plan. In case of SBI Magnum Gilt Fund default plan will be Long Term. For Systematic Investment Plan and Systematic Withdrawl Plan: Default will be treated as “Monthly”. In case monthly frequency default will be treated as “12 months”. For Systematic Transfer Plan: Default frequency for STP is Monthly & default date for the start of STP is 10th.

Accounts Statements

Pursuant to Regulation 36 of the SEBI Regulation, the following shall be applicable with respect to account statement:

The asset management company shall ensure that consolidated account statement for each calendar month is issued, on or before tenth day of succeeding month, detailing all the transactions and holding at the end of the month including transaction charges paid to the distributor, across all schemes of all mutual funds, to all the investors in whose folios transaction has taken place during that month:

Provided that the asset management company shall ensure that a consolidated account statement every half yearly (September/ March) is issued, on or before tenth day of succeeding month, detailing holding at the end of the six month, across all schemes of all mutual funds, to all such investors in whose folios no transaction has taken place during that period.

• Provided further that the asset management company shall identify common investor across fund houses by their permanent account number for the purposes of sending consolidated account statement.

• Account Statements for investors holding demat accounts: Subsequent account statement may be

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obtained from the depository participants with whom the investor holds the DP account.

• The asset management company shall issue units in dematerialized form to a unitholder of the Scheme within two working days of the receipt of request from the unitholder.

In terms of SEBI Circular No. IR/MRD/DP/31/2014 dated November 12, 2014 on Consolidated Account Statement, investors having Demat account has an option to receive consolidated account statement: • Investors having MF investments and holding securities in Demat account shall receive a single Consolidated Account Statement (CAS) from the Depository. • Consolidation of account statement shall be done on the basis of Permanent Account Number (PAN). In case of multiple holding, it shall be PAN of the first holder and pattern of holding. The CAS shall be generated on a monthly basis. • If there is any transaction in any of the Demat accounts of the investor or in any of his mutual fund folios, depositories shall send the CAS within ten days from the month end. In case, there is no transaction in any of the mutual fund folios and demat accounts then CAS with holding details shall be sent to the investor on half yearly basis. • In case an investor has multiple accounts across two depositories, the depository with whom the account has been opened earlier will be the default depository. If the Unit holder desires to hold the Units in a Dematerialized/ Rematerialized form at a later date, the request for conversion of units held in Account Statement (non demat) form into Demat (electronic) form or vice versa should be submitted alongwith a Demat/Remat Request Form to their Depository Participants. However, the Trustee / AMC reserves the right to change the dematerialization / rematerialization process in accordance with the procedural requirements laid down by the Depositories, viz. NSDL/ CDSL and/or in accordance with the provisions laid under the Depositories Act, 1996 and the Regulations thereunder. Investors will be issued a Unit Statement of Account in lieu of Unit Certificates. therefore no Unit certificates will be issued. However, if the applicant so desires, the AMC shall issue a non-transferable Unit certificate to the applicant within 5 Business Days of the receipt of request for the certificate. Unit certificate if issued must be duly discharged by the Unit holder(s) and surrendered alongwith the request for Redemption / Switch or any other transaction of Units covered therein. All Units will rank pari passu, among Units within the same Option in the Scheme concerned as to assets, earnings and the receipt of dividend distributions, if any, as may be declared by the Trustee

Dividend The dividend warrants shall be dispatched to the unitholders within 30 days of the date of declaration of the dividend. Investors residing in such places where Electronic Clearing Facility is available will have the option of receiving their dividend directly into their specified bank account through ECS. In such a case, only an advice of such a credit will be mailed to the investors.

Repurchase/ Redemption The redemption or repurchase proceeds shall be dispatched to the unitholders within 10 working days from the date of redemption or repurchase.

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Delay in payment of redemption / repurchase proceeds

The Asset Management Company shall be liable to pay interest to the unitholders at such rate as may be specified by SEBI for the period of such delay (presently @ 15% per annum).

Loan facility

Magnum / Unit holders can obtain loan against their Units from any bank, subject to relevant RBI regulations and the respective bank's instructions, by getting a lien registered / recorded with the Registrars. Magnum / Unit holders who have borrowed against their Units by recording a lien against their holding can avail of repurchase facility only after the receipt of instructions from the concerned lender that the loan has been repaid in full and the lien can be discharged. In case such an instruction is not received, the lender can apply for redemption in his favour. In such a case, the Mutual Fund reserves the right to redeem the Units in favour of the concerned lender after giving 15 days notice to the Unit holder.

Scheme to be binding

The Trustees may, from time to time, add to or otherwise vary or alter all or any of the features or terms of the scheme, with prior approval of SEBI and the Unit holders in accordance with SEBI Regulations, and the same shall be binding on each Unit holder and any person(s) claiming through or under it, as if each Unit holder or such person(s) expressly agreed that such features or terms should be so binding.

Right to Limit Redemptions

The Mutual Fund reserves the right to temporarily suspend further reissues or repurchases under the scheme in case of any of the following: - a natural calamity / strikes / riots and bandhs or - in case of conditions leading to a breakdown of the normal functioning of securities markets or - periods of extreme volatility of markets, which in the opinion of AMC, prejudicial to the interest of the unit holders of the scheme or illiquidity - under a SEBI or Government directive - under a court decree / directive - in the event of any force majeure or disaster that affect a normal functioning of AMC or the Registrar - political, economic or monetary events or any circumstances outside the control of the Trustee and the AMC. Suspension or restriction of repurchase/redemption facility under any scheme of the mutual fund shall be made applicable only after the approval from the Board of Directors of the Asset Management Company and the Trustee. The approval from the Board of Directors and the Trustees giving details of circumstances and justification for the proposed action shall also be informed to SEBI in advance.

Termination of the scheme

The Trustees reserve the right to terminate the scheme at any time if the corpus of the scheme falls below Rs. 1 crore. Regulation 39(2) of the SEBI Regulations provides that any scheme of a mutual fund may be wound up after repaying the amount due to the Unit holders: (a) on the happening of any event which, in the opinion

of the Trustees, requires the scheme to be wound up; or

(b) if 75% of the Unit holders of a scheme pass a

resolution that the scheme be wound up; or

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(c) if SEBI so directs in the interest of the unit holders. Where a scheme is wound up under the above Regulation, the trustees shall give a notice disclosing the circumstances leading to the winding up of the scheme: (a) to SEBI; and (b) in two daily newspapers having circulation all over

India & a vernacular newspaper circulating at the place where the mutual fund is formed.

In case of termination of the scheme, the Trustees shall proceed as follows: From the proceeds of the assets of the scheme, the Trustees shall first discharge all liabilities of the scheme and make provision for meeting the expenses of the winding-up of the scheme, including the fees of the AMC. The Trustees shall distribute the proceeds to the Unit holders, in proportion to their respective interest in the assets of the scheme as on the date when the decision for winding up was taken, all proceeds derived from the realization of the investments, after recovering all costs, charges, expenses, claims, liabilities, whether actual or contingent, incurred, made or apprehended by the Trustees in connection with or arising out of the termination of the scheme. It will be ensured that the redemption proceeds are dispatched to the Unit holder within a maximum period of 10 working days from the date of redemption for the holders of Statement of Account, or from the date he/ she has tendered the unit certificates to the Registrars

Cash investments in mutual funds Pursuant to SEBI circular no. CIR/IMD/DF/21/2012 dated September 13, 2012 and CIR/IMD/DF/10/2014 dated May 22, 2014, in order to help enhance the reach of mutual fund products amongst small investors, who may not be tax payers and may not have PAN/bank accounts, such as farmers, small traders/businessmen/workers, SEBI has permitted receipt of cash for purchases / additional purchases extent of Rs. 50,000/- per investor, per mutual fund, per financial year shall be allowed subject to (i) compliance with Prevention of Money Laundering Act, 2002 and Rules framed there under; the SEBI Circular(s) on Anti Money Laundering (AML) and other applicable AML rules, regulations and guidelines and (ii) sufficient systems and procedures in place. However, payment redemptions, dividend, etc. with respect to aforementioned investments shall be paid only through banking channel. In view of the above the fund shall accept subscription applications with payment mode as ‘Cash’ (“Cash Investments”) to the extent of Rs. 50,000/- per investor, per financial year subject to the following: 1) Eligible Investors: Only resident individuals, sole proprietorships and minors (through guardians), who are KYC Compliant and have a Bank Account can make Cash Investments. 2. Mode of application: Applications for subscription with ‘Cash’ as mode of payment can be submitted in physical form only at select OPAT of SBI Mutual Fund. 3. Cash collection facility with State Bank of India (SBI) : Currently, the Fund has made arrangement with SBI to collect cash at its designated branches from investors (accompanied by a deposit slip issued and verified by the Fund). The Bank only acts as an aggregator for cash received towards subscriptions under various schemes received on a day at the various SBI branches.

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AMC reserves the right to reject acceptance of cash investments if it is not in compliance with applicable SEBI circular or other regulatory requirements.

Option to hold unit in demat form Pursuant to SEBI Circular no. CIR/IMD/DF/9/2011 dated May 19, 2011; the unit holders of the scheme shall be provided an option to hold units in demat form in addition to physical form.

The Unit holders would have an option to hold the Units in dematerialized form. Accordingly, the Units of the Scheme will be available in dematerialized (electronic) form. The Applicant intending to hold Units in dematerialized form will be required to have a beneficiary account with a Depository Participant (DP) of the NSDL/CDSL and will be required to mention in the application form DP's Name, DP ID No. and Beneficiary Account No. with the DP at the time of purchasing Units during the NFO of the respective Plan(s). Further, investors also have an option to convert their physical holdings into the dematerialised mode at a later date. Each Option held in the dematerialised form shall be identified on the basis of an International Securities Identification Number (ISIN) allotted by National Securities Depositories Limited (NSDL) and Central Depository Services Limited (CDSL). The ISIN No. details of the respective option can be obtained from your Depository Participant (DP) or you can access the website link www.nsdl.co.in or www.cdslindia.com . The holding of units in the dematerialised mode would be subject to the guidelines/ procedural requirements as laid by the Depositories viz. NSDL/CDSL from time to time. Investors please note that units issued under the Scheme can only be transferred, assigned or pledged after three years of its issue.

Dematerialization of Units The Unit Holders are given an option to hold the units by way of an Account Statement (Physical form) or in Dematerialized (“Demat”) form. Mode of holding shall be clearly specified in the Application Form. Unit Holders opting to hold the Units in Demat form must provide their Demat Account details in the specified section of the Application Form. The Unit Holder intending to hold the units in Demat form is required to have a beneficiary account with the Depository Participant (DP) registered with NSDL/CDSL and will be required to indicate in the Application Form, the DP’s name, DP ID Number and the beneficiary account number of the applicant with the DP. In case of Unit Holders who do not provide their Demat Account details, an Account Statement shall be sent to them. In case the Unit holder desires to hold Units in dematerialized mode at a later date, he will be required to have a beneficiary account with a Depository Participant of the NSDL/CDSL and will have to submit the account statement alongwith the prescribed request form to any of the ISCs for conversion of Units into demat form. The AMC will issue the Units in dematerialized form to the Unit holder within two Business Days from the date of receipt of such request.

Rematerialization of Units Rematerialization of Units shall be carried out in accordance with the provisions of SEBI (Depositories and Participants) Regulations, 1996 as may be amended from time to time.

The process for rematerialisation of Units will be as follows:

• Unit Holders/investors should submit a request to their respective Depository Participant for rematerialisation of Units in their beneficiary accounts.

• Subject to availability of sufficient balance in the Unit Holder’s/investor's account, the Depository Participant will generate a

http://www.nsdl.co.in/

http://www.cdslindia.com/

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Rematerialisation Request Number and the request will be despatched to the AMC/Registrar.

On acceptance of request from the Depository Participant, the AMC/Registrar will despatch the account statement to the investor and will also send electronic confirmation to the Depository Participant.

Facilitating transactions through Stock Exchange Mechanism

In terms of SEBI Circular SEBI/IMD/CIR No.11/183204/ 2009 dated November 13, 2009, units of the Scheme can be transacted through all the registered stock brokers of the National Stock Exchange of India Limited and / or BSE Limited who are also registered with AMFI and are empanelled as distributors with SBI Mutual Fund. Accordingly such stock brokers shall be eligible to be considered as ‘official points of acceptance’ of SBI Mutual Fund. In case of SBI Regular Savings Fund, only redemption of units under scheme is allowed through Stock Exchange mechanism.

Listing The Scheme being open-ended, the Units are not proposed to be listed on any stock exchange. However, the AMC may, at its sole discretion, list the Units on one or more stock exchanges at a later date.

The policy regarding reissue of repurchased Units, including the maximum extent, the manner of reissue, the entity (the scheme or the AMC) involved in the same.

Presently, the AMC does not intend to reissue the repurchased/redeemed Units. The Trustee reserves the right to reissue the repurchased Units at a later date after issuing adequate public notices and taking approvals, if any, from SEBI.

Restrictions, if any, on the right to freely retain or dispose of Units being offered.

The Units under the Scheme are not transferable. In view of the same, additions/deletion of names will not be allowed under any folio of the Scheme. The above provisions in respect of deletion of names will not be applicable in case of death of Unit Holder (in respect of joint holdings) as this will be treated as transmission of Units and not transfer. The Units held in dematerialized form can be transferred and transmitted in accordance with the provisions of SEBI (Depositories and Participants) Regulations, 1996, as may be amended from time to time. The delivery instructions for transfer of Units will have to be lodged with the Depository Participant in the prescribed form and transfer will be effected in accordance with such rules/regulations as may be in force governing transfer of securities in dematerialized form. The Units held in demat mode can be pledged and hypothecated as per the provisions of Depositories Act and Rules and Regulations framed by Depositories.

Transaction Charges In accordance with the terms of the SEBI Circular No. Cir/ IMD/ DF/13/ 2011 dated August 22, 2011, SEBI has allowed Asset Management Companies (AMCs) to deduct transaction charges per subscription of Rs. 10,000/- and above. Distributors shall be able to choose to opt out of charging the transaction charge. However, the ‘opt-out’ shall be at distributor level and not investor level i.e. a distributor shall not charge one investor and choose not to charge another investor. As per SEBI Circular CIR/IMD/DF/21/2012 dated September 13, 2012, distributors shall have also the option to either opt in or opt out of levying transaction charge based on type of the product Accordingly, the Fund shall deduct Transaction Charges on purchase / subscription received from first time mutual fund investors and investors other than first time mutual fund investors through a distributor/agent (who have specifically “opted in” to receive the transaction charges) as under: (i) First Time Mutual Fund Investor (across Mutual

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Funds): Transaction charges of Rs. 150/- for subscription of Rs. 10,000/- and above will be deducted from the subscription amount and paid to the distributor/agent of the first time investor and the balance amount shall be invested in the relevant scheme opted by the investor. (ii) Investor other than First Time Mutual Fund Investor: Transaction charges of Rs. 100/- per subscription of Rs. 10,000/- and above will be deducted from the subscription amount and paid to the distributor/agent of the investor and the balance amount shall be invested in the relevant scheme opted by the investor. (iii) Transaction charges shall not be deducted for:

(a) purchases /subscriptions for an amount less than Rs. 10,000/-;

(b) transaction other than purchases/ subscriptions relating to new inflows such as Switch/ Systematic Transfer Plan/Systematic Withdrawal Plan / Dividend Transfer Plan, etc.

(c) purchases /subscriptions made directly with the Fund without any ARN code (i.e. not routed through any distributor/agent).

(d) transactions carried out through the stock exchange mode.

Appointment of Mf Utilities India Private Limited MF Utility (“MFU”) - a shared services initiative of various Asset Management Companies, which acts as a transaction aggregation portal for transacting in multiple Schemes of various Mutual Funds with a single form and a single payment instrument. Accordingly, all financial and non-financial transactions pertaining to Schemes of SBI Mutual Fund can be done through MFU either electronically on www.mfuonline.com as and when such a facility is made available by MFUI or physically through the authorized Points of Service (“POS”) of MFUI with effect from the respective dates as published on MFUI website against the POS locations. The list of POS of MFUI is published on the website of MFUI at www.mfuindia.com as may be updated from time to time. The Online Transaction Portal of MFU i.e. www.mfuonline.com and the POS locations of MFUI will be in addition to the existing Official Points of Acceptance (“OPA”) of the AMC. Applicability of NAV shall be based on time stamping of application and realization of funds in the bank account of SBI Mutual Fund within the applicable cut-off timing. The uniform cut-off time as prescribed by SEBI and as mentioned in the SID / KIM of respective schemes shall be applicable for applications received by MFU (physical / online). However, investors should note that transactions on the MFUI portal shall be subject to the eligibility of the investors, any terms & conditions as stipulated by MFUI / Mutual Fund / the AMC from time to time and any law for the time being in force. Investors are requested to note that, MFUI will allot a Common Account Number (“CAN”), a single reference number for all investments in the Mutual Fund industry, for transacting in multiple Schemes of various Mutual Funds through MFU and to map existing folios, if any. Investors can create a CAN by submitting the CAN Registration Form (CRF) and necessary documents at the MFUI POS. The AMC and / or its Registrar and Transfer Agent (RTA) shall provide necessary details to MFUI as may be needed for providing the required services to investors / distributors through MFU. Investors are requested to visit the website of MFUI (www.mfuindia.com) to download the relevant forms. For any queries or clarifications related to MFU, please contact the Customer Care of MFUI on 1800-266-1415 (during the business hours on all days except Sunday and Public Holidays) or send an email to

http://www.mfuonline.com/

http://www.mfuindia.com/

http://www.mfuonline.com/

http://by/

http://www.mfuindia.com/

97

[email protected]. The AMC reserves the right to change/modify/withdraw the features mentioned in the above facility from time to time.

C. PERIODIC DISCLOSURES Net Asset Value This is the value per unit of the scheme on a particular day. You can ascertain the value of your investments by multiplying the NAV with your unit balance.

The NAV and the repurchase NAV will be calculated on all business days except SBI Magnum InstaCash Fund and for SBI Magnum InstaCash Fund all days including Saturday and Sunday. NAV will be published in 2 newspapers as prescribed under SEBI (Mutual Funds) Regulations, 1996. NAV can also be viewed on www.sbimf.com and www.amfiindia.com. The AMC shall update the NAVs on the website of Association of Mutual Funds in India - AMFI (www.amfiindia.com) by 9.00 p.m.

Half yearly Disclosures: Portfolio / Financial Results This is a list of securities where the corpus of the scheme is currently invested. The market value of these investments is also stated in portfolio disclosures.

(i) Half Yearly disclosure of Un-Audited Financials: Before expiry of one month from the close of each half year i.e. on March 31 or September 30, the Fund shall host a soft copy of half – yearly unaudited financial results on the website of the Fund i.e. www.sbimf.com and that of AMFI www.amfiindiacom. A notice advertisement communicating the investors that the financial results shall be hosted on the website shall be published in one national English daily newspaper and in a newspaper in the language of the region where the Head Office of the fund is situated. (ii) Half Yearly disclosure of Scheme’s Portfolio: Before expiry of one month from the close of each half year i.e. on March 31 or September 30, the Fund will either publish the scheme’s portfolio details in the newspapers or send it to the unit holders in the format as prescribed by SEBI (Mutual Funds) Regulations, 1996. The same will also be hosted on the website of the fund i.e. www.sbimf.com. and that of AMFI www.amfiindia.com . The publication of such statement shall be in one national English daily newspaper and in a newspaper in the language of the region where the Head Office of the fund is situated.

Monthly Disclosure of Schemes’ Portfolio Statement

The fund shall disclose the scheme’s portfolio in the prescribed format along with the ISIN as on the last day of the month for all the Schemes of SBI Mutual Fund on its website www.sbimf.com on or before the tenth day of the succeeding month.

Annual Report Scheme wise Annual Report or an abridged summary thereof shall be mailed to all unitholders within four months from the date of closure of the relevant accounts year i..e. 31st March each year. In accordance with SEBI Circular No. IMD/ DF/16/ 2011 dated September 8, 2011, pertaining to mailing of annual report and/or abridged summary thereof, the same shall be sent the fund as under: (i) by e-mail only to the Unit holders whose e-mail address is available with us, (ii) in physical form to the Unit holders whose email address is not available with us and/or to those Unit holders who have opted / requested us for the same. The physical copy of the schemewise annual report or abridged summary shall be made available to the investors at the registered office of SBI Mutual Fund. A link of the scheme annual report or abridged summary shall be displayed prominently on the website of the fund i.e at www.sbimf.com

mailto:[email protected]





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Associate Transactions Please refer to Statement of Additional Information (SAI).

Taxation The information is provided for general information only. However, in view of the individual nature of the implications, each investor is advised to consult his or her own tax advisors/authorised dealers with respect to the specific amount of tax and other implications arising out of his or her participation in the schemes.

Resident Investors

(Tax Rates*)

Mutual Fund

Debt Oriented Scheme

Tax on Dividend Nil 25.00% for individual & HUF 30.00% for investors other than individual & HUF

Capital Gains: Long Term Short Term

20% with indexation Taxable at normal rates of tax applicable to the assessee

Nil Nil

Equity Oriented Scheme

Tax on Dividend Nil, in the hands of investors

Nil

Capital Gains: Long Term Short Term

Exemption in case of redemption of units where STT is payable on redemption [u/s 10(38)] 15% on redemption of units where STT is payable on redemption (u/s 111A)

Nil Nil

* Plus surcharge & education cess as per Income Tax Act

For further details on taxation please refer to the clause on Taxation in the SAI

Investor services Details of Investor Relations Officer of the AMC:

Name: Mr. Rohidas Nakashe Address: SBI Funds Management Pvt. Ltd., 9th Floor, Crescenzo, C-38 & 39, G Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400051.

Telephone number: 022 - 61793537

Fax: 022- 67425687

e-mail: [email protected]

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D. NAV INFORMATION

The NAV and the repurchase NAV will be calculated on all business days except SBI Magnum InstaCash Fund and for SBI Magnum InstaCash Fund on all days including Saturday and Sunday and will be published atleast in two daily news papers.The NAV would be rounded off to four decimal places for all schemes.

Market or Fair Value of Scheme’s investments + Current Assets - Current Liabilities and Provision

NAV = -------------------------------------------------------------------------------------------------------------------------------- No of Units outstanding under Scheme on the Valuation Date

NAV will be published in 2 newspapers as prescribed under SEBI (Mutual Funds) Regulations, 1996. NAV can also be viewed on www.sbimf.com and www.amfiindia.com. The AMC shall update the NAVs on the website of Association of Mutual Funds in India - AMFI (www.amfiindia.com) by 9.00 p.m. on every business day basis except SBI Magnum InstaCash Fund, will be done on daily basis. In case of any delay, the reasons for such delay would be explained to AMFI and SEBI by the next day. If the NAVs are not available before commencement of business hours on the following day due to any reason, the Fund shall issue a press release providing reasons and explaining when the Fund would be able to publish the NAVs. Further, as per SEBI Regulations, the repurchase price shall not be lower than 93% of the NAV and the sale price shall not be higher than 107% of the NAV and the difference between the repurchase price and sale price shall not exceed 7% on the sale price.




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IV. FEES AND EXPENSES

A. NEW FUND OFFER (NFO) EXPENSES Not applicable. B. ANNUAL SCHEME RECURRING EXPENSES These are the fees and expenses for operating the scheme. These expenses include Investment Management and Advisory Fee charged by the AMC, Registrar and Transfer Agents’ fee, marketing and selling costs etc. as given in the table below: Expenses Head % of daily net assets

SBI FMCG Fund, SBI IT Fund, SBI Pharma Fund,

SBI Contra Fund, SBI Emerging

Business Fund, SBI Magnum

Taxgain Scheme

SBI Magnum Children Benefit Plan, SBI Magnum Income Fund, SBI Regular Savings

Fund, SBI Magnum Gilt Fund, SBI

Magnum Monthly Income Plan, SBI

Magnum Instacash Fund


Investment Management and Advisory Fees

Upto 2.50%

Upto 2.25%

Upto 1.50%

Trustee fee Audit fees

Custodian fees RTA Fees Marketing & Selling expense incl. agent commission Cost related to investor communications Cost of fund transfer from location to location

Cost of providing account statements and dividend redemption cheques and warrants Costs of statutory Advertisements Cost towards investor education & awareness (at least 2 bps)

Brokerage & transaction cost over and above 12 bps and 5 bps for cash and derivative market trades resp. Service tax on expenses other than investment and advisory fees

Service tax on brokerage and transaction cost Other Expenses Maximum total expense ratio (TER) permissible under Regulation 52 (6) (c) (i) and (6) (a) Upto 2.50%

Upto 2.25% Upto 1.50%

Additional expenses under regulation 52 (6A) (c) Upto 0.20% Upto 0.20% Upto 0.20% Additional expenses for gross new inflows from specified cities Upto 0.30% Upto 0.30% Upto 0.30%

^ Any other expenses which are directly attributable to the Scheme, may be charged with the approval of the Trustee within the overall limits as specified in the Regulations except those expenses which are specifically prohibited. The AMC has estimated that upto 2.50% for SBI FMCG Fund, SBI IT Fund, SBI Pharma Fund, SBI Contra Fund, SBI Emerging Business Fund, SBI Magnum Taxgain Scheme, upto 2.25% for SBI Magnum Children Benefit Plan, SBI Magnum Income Fund, SBI Regular Savings Fund, SBI Magnum Gilt Fund, SBI Magnum Monthly Income Plan, SBI Magnum Instacash Fund and upto 1.50% for SBI Nifty Index Fund (plus allowed under regulation 52(6A)(c)) of the daily net assets will be charged to the scheme as expenses. The maximum annual recurring expenses that can be charged to the Scheme, excluding issue or redemption expenses, whether initially borne by the mutual fund or by the asset management company, but including the investment management and advisory fee shall be within the limits stated in Regulations 52 read with SEBI circular no. CIR/IMD/DF/21/2012 dated September 13, 2012. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission, etc as compared to Regular Plan and no commission for distribution of Units will be paid/ charged under Direct Plan. Both the plans shall have common portfolio. The aforesaid expenses are fungible within the overall maximum limit prescribed under SEBI (Mutual Funds) Regulations. This means that mutual fund can charge expenses within overall limits, without any internal cap on the aforesaid expenses head. Types of expenses charged shall be as per the SEBI (Mutual Funds) Regulation, 1996.

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These estimates have been made in good faith as per the information available to the Investment Manager based on past experience and are subject to change inter-se. Types of expenses charged shall be as per the SEBI (MF) Regulations. For investor education and awareness initiative, the AMC or the Schemes of the Fund will annually set apart at least 0.02 percent of daily net asset of the Schemes of the Fund within the maximum limit of the total expense ratio as per SEBI Regulation. However, as per the Regulations, the maximum recurring expenses that can be charged to the Scheme as under:

The scheme may charge additional expenses incurred towards different heads mentioned under regulations (2) and (4), not exceeding 0.20% of the daily net assets. In addition to the above, the following expenses will be charged to the scheme:

1. The service tax on investment management and advisory fees would be charged in addition to the above limit;

2. Brokerage and transaction costs which are incurred for the purpose of execution of trade and is included in the cost of investment, not exceeding 0.12 per cent in case of cash market transactions and 0.05 percent for derivative transaction. Further, In terms of SEBI circular CIR/IMD/DF/24/2012 dated November 19, 2012, It is clarified that the brokerage and transaction cost incurred for the purpose of execution of trade may be capitalized to the extent of 12bps and 5bps for cash market transactions and derivatives transactions respectively. Any payment towards brokerage and transaction cost, over and above the said 12 bps and 5bps for cash market transactions and derivatives transactions respectively may be charged to the scheme within the maximum limit of Total Expense Ratio (TER) as prescribed under regulation 52 of the SEBI (Mutual Funds) Regulations, 1996. Service tax on brokerage and transaction cost paid for execution of trade, if any, shall be within the limit prescribed under regulation 52 of the Regulations Any expenditure in excess of the said prescribed limit (including brokerage and transaction cost, if any) shall be borne by the AMC or by the trustee or sponsors.

3. Expenses not exceeding of 0.30 per cent of daily net assets, if the new inflows from such cities as specified from time to time are at least –

- 30 percent of gross new inflows in the scheme, or;

- 15 percent of the average assets under management (year to date) of the scheme, whichever is higher:

Provided that if inflows from such cities is less than the higher of sub-clause (i) or sub- clause (ii), such expenses on daily net assets of the scheme shall be charged on proportionate basis:

Provided further that expenses charged under this clause shall be utilised for distribution expenses incurred for bringing inflows from such cities:

Provided further that amount incurred as expense on account of inflows from such cities shall be credited back to the scheme in case the said inflows are redeemed within a period of one year from the date of investment.

The Mutual Fund would update the current expense ratios on its website within two working days mentioning the effective date of the change. Any expenditure in excess over these specified ceilings would be borne by the AMC.

Total Expenses charged to the scheme ( SBI Magnum Children Benefit Plan, SBI Magnum Income Fund-, SBI Regular Savings Fund, SBI Magnum Gilt Fund, SBI Magnum Monthly Income Plan, SBI Magnum Instacash Fund)

Subject to the following limits*: i) 2.25% on the first Rs.100 cr. of daily net assets. ii) 2.00% on the next Rs.300 cr. of daily net assets. iii) 1.75% on the next Rs.300 cr. of daily net assets. iv) 1.50 % on the balance of the daily net assets.

Total Expenses charged to the scheme (SBI FMCG Fund, SBI IT Fund, SBI Pharma Fund, SBI Contra Fund, SBI Emerging Business Fund, SBI Magnum Taxgain Scheme)

Subject to the following limits*: i) 2.50% on the first Rs.100 cr. of daily net assets. ii) 2.25% on the next Rs.300 cr. of daily net assets. iii) 2.00% on the next Rs.300 cr. of daily net assets. iv) 1.75% on the balance of the weekly net assets.


In case of an index fund scheme, the total expenses of the scheme including the investment and advisory fees shall not exceed 1.50%* of the daily net assets

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C. LOAD STRUCTURE Load is an amount which is paid by the investor to subscribe to the units or to redeem the units from the scheme. This amount is used by the AMC to pay commissions to the distributor and to take care of other marketing and selling expenses. Load amounts are variable and are subject to change from time to time. For the current applicable structure, please refer to the website of the AMC (www.sbimf.com) or contact your distributor. The following table illustrates the expenses that the investors will incur on their purchases/ sales of Units during the continuous offer (including Systematic Investment Plan) under this scheme: a. SBI Contra Fund & SBI Emerging Businesses Fund

Entry Load Exit Load

Not Applicable • For exit within 1 year from the date of allotment – 1 % • For exit after 1 year from the date of allotment – Nil

b. SBI FMCG Fund, SBI IT Fund & SBI Pharma Fund


Not Applicable Nil c. SBI Magnum Children’s Benefit Plan


Not Applicable • 3% for exit within 1 year from the date of allotment • 2% for exit within 2 years from the date of allotment • 1% for exit within 3 years from the date of allotment • Nil – Above three years

d. SBI Magnum Income Fund

For Growth and Dividend

Entry Load Exit Load Not Applicable

• For exit within 1 year from the date of allotment – - For 10% of Investment – Nil - For remaining Investment – 1.00%

• For exit after 1 year from the date of allotment – Nil

e. SBI Magnum Taxgain Scheme


Not Applicable Nil f. SBI Regular Savings Fund

Entry Load Exit Load Not Applicable • For exit within 6 months from the date of allotment- 1.00%

• For exit after 6 months from the date of allotment- Nil g. SBI Magnum Gilt Fund

Short Term Plan & Long Term Plan

Entry Load Exit Load Not Applicable • Nil

h. SBI Nifty Index Fund


Not Applicable

Nil


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i. SBI Magnum Monthly Income Plan


Not Applicable

• For exit within 1 year from the date of allotment – - For 10% of Investment – Nil - For remaining Investment – 1.00%

• For exit after 1 year from the date of allotment – Nil j. SBI Magnum InstaCash Fund

Entry Load Exit Load Not Applicable • 0.10% for exit within 3 business days from the date of

allotment • Nil for exit after 3 business days from the date of

allotment SBI Magnum InstaCash Fund – Liquid Floater

Entry Load Exit Load Not Applicable • For exit within 40 Days from the date of allotment - 0.25%;

• For exit after 40 Days from the date of allotment – Nil The charges stated above are a percentage of the NAV. No Exit Load shall be charged for Switch from Direct Plan to Regular Plan under the Scheme; however, in case of switch from Regular Plan to Direct Plan under the Scheme shall be subject to applicable exit load if any. The AMC reserves the right to introduce a load structure, levy a different load structure or remove the load structure in the scheme at any time after giving notice to that effect to the investors through an advertisement in an English language daily that circulates all over India as well as in a newspaper published in the language of the region where the Head Office of the mutual fund is situated. The upfront commission on investment, if any, shall be paid to the ARN Holder directly by the investor, based on the investor’s assessment of various factors including service rendered by the ARN Holder. Exit load/ CDSC (if any) up to 1% of the redemption value charged to the unit holder by the Fund on redemption of units shall be retained by each of the schemes/ plans in a separate account and will be utilized for payment of commissions to the ARN Holder and to meet other marketing and selling expenses. For any change in load structure AMC will issue an addendum and display it on the website/Investor Service Centers. Any imposition or enhancement in the load shall be applicable on prospective investments only. However, AMC shall not charge any load on issue of bonus units and units allotted on reinvestment of dividend for existing as well as prospective investors. At the time of changing the load structure, the mutual fund may consider the following measures to avoid complaints from investors about investment in the schemes without knowing the loads: 1) The addendum detailing the changes may be attached to Scheme Information Documents and key information

memorandum. The addendum may be circulated to all the distributors/brokers so that the same can be attached to all Scheme Information Documents and key information memoranda already in stock.

2) Arrangements may be made to display the addendum in the Scheme Information Document in the form of a notice in all

the investor service centers and distributors/brokers office. 3) The introduction of the exit load/ CDSC alongwith the details may be stamped in the acknowledgement slip issued to the

investors on submission of the application form and may also be disclosed in the statement of accounts issued after the introduction of such load/CDSC.

4) A public notice shall be given in respect of such changes in one English daily newspaper having nationwide circulation as

well as in a newspaper published in the language of region where the Head Office of the Mutual Fund is situated. 5) Any other measures which the mutual funds may feel necessary. In accordance with SEBI Regulations, the repurchase price will not be lower than 93% of the NAV and the sale price will not be higher than 107% of the NAV, and the difference between sale price and repurchase price shall not exceed 7% of the sale price. The investor is requested to check the prevailing load structure of the Scheme before investing.

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V. RIGHTS OF UNITHOLDERS

Please refer to SAI for details.

105

VI. PENALTIES, PENDING LITIGATION OR PROCEEDINGS, FINDINGS OF INSPECTIONS OR INVESTIGATIONS FOR WHICH ACTION MAY HAVE BEEN TAKEN OR IS IN THE PROCESS OF BEING TAKEN BY ANY REGULATORY AUTHORITY

1. All disclosures regarding penalties and action(s) taken against foreign Sponsor(s) may be limited to the jurisdiction of the country where the principal activities (in terms of income / revenue) of the Sponsor(s) are carried out or where the headquarters of the Sponsor(s) is situated. Further, only top 10 monetary penalties during the last three years shall be disclosed.

Not applicable

2. In case of Indian Sponsor(s), details of all monetary penalties imposed and/ or action taken during the last three years or

pending with any financial regulatory body or governmental authority, against Sponsor(s) and/ or the AMC and/ or the Board of Trustees /Trustee Company; for irregularities or for violations in the financial services sector, or for defaults with respect to share holders or debenture holders and depositors, or for economic offences, or for violation of securities law. Details of settlement, if any, arrived at with the aforesaid authorities during the last three years shall also be disclosed.

Against Sponsor:

a. The Reserve Bank of India imposed penalty of Rs. 10 Lakh on State Bank of India in exercise of the power conferred under the Section 47 A (1) (b) read with Section 46 (4) (i) of the Banking Regulation Act, 1949. The penalty was imposed for contravention of various instructions issued by the Reserve Bank of India in respect of derivatives, such as failure to carry due diligence in regard to suitability of products, selling derivatives products to users not having risk management policies and not verifying the underlying/ adequacy of underlying and eligible limits under past performance route. The penalty was paid on 27.04.2011.

b. The Reserve Bank of India imposed penalty of Rs. 3 crores on State Bank of India in July 2013 in exercise of power conferred under Section 47A (1) (c) read with Section 46 (4) of the Banking Regulation Act 1949, for alleged violation of its guidelines/statutory provisions on issue/sale of drafts/gold coins against cash, non capturing of beneficial owner details in CBS and non-availability of a scenario for generating alerts for monitoring transactions in accounts with high turnover but low end day balance. The penalty was paid on 15.07.2013.

c. The Income Tax Authorities imposed penalty of Rs. 12.57 lakhs on State Bank of India (CAG New Delhi Branch) in March 2014 on account of late remittance of TDS pertaining to CAG New Delhi Branch. The penalty was paid on 31.03.2014.

d. The Reserve Bank of India imposed penalty amounting to Rs. 237.06 lakhs on various circles of State Bank of India. The

penalty was imposed for reasons such as non conduct of surprise verification of Currency Chest (CC) branches, shortage in soiled note remittances and CC balance, detection of mutilated/ counterfeit notes in reissuable packets etc. The details of penalties above Rs. 1 lac and nature of penalty thereof are as follows: Circle Name Nature of Penalty Amount (Rs.) Date of payment

of penalty Ahmedabad Non conduct of surprise verification of CC

Balance 1,00,000 22-0ct-13

Bengal Shortages in SNR and CC Balances 20,00,000 22-0ct-13 Bhubaneswar Shortages in SNR and CC Balances 2,10,000 27-Nov-13 Chandigarh Detection of mutilated/counterfeit notes in

reissuable packets 3,75,000 27-Sep-13

Delhi Detection of mutilated/counterfeit notes in reissuable packets

5,00,000 16-Jan-14

Delhi Denial of facilities/services to linked branch of other bank

5,00,000 16-Jan-14

Delhi Wrong reporting of Remittance to RBI 45,00,000 04-Jul-13 Delhi Non conduct of surprise verification of CC

Balance 4,97,427 25-Jul-13

Delhi Mutilated Notes detected in SNR and CC Balances (in Issuable Note packets)

4,73,950 11-Jul-13

Hyderabad Shortages in SNR and CC Balances 1,00,000 24-Jan-14 Hyderabad Non conduct of surprise verification of CC

Balance 5,00,000 12-Jul-13

Lucknow Shortages in SNR and CC Balances 2,59,600 16-Sep-13 Mumbai Shortages in SNR and CC Balances 1,13,100 27-Mar-14 North-East Shortages in SNR and CC Balances 1,55,800 25-Jul-13 Patna Mutilated Notes detected in SNR and CC

Balances (in Issuable Note packets) 3,21,950 05-Jun-13

e. SBI Jeddah Branch

(a) Penalty of SAR 19,000 (INR 2.68 lakhs) imposed by Saudi Arabia Monetary Agency (SAMA) on account of delayed submission of financial statement as at the end of December 2012. The penalty was paid on 07.04.2013.

(b) Penalty of SAR 11,700 (INR 1.64 lakhs) imposed by Saudi Arabia Monetary Agency (SAMA) on account of non adherence to the requirement of incorporating National ID/Civil Register Number of the drawer of the cheque in the slip of all dishonoured cheques. The penalty was paid on 27.04.2013.

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f. SBI Regional Representative Office, Manila Penalty of PHP 8,561.79 (INR 0.39 lakhs) imposed by Securities Exchange Commission of Manila (SEC) on account of delayed submission of General Information Sheet and proof of Inward Remittance. The penalty was paid on 24.07.2013.

g. Bank SBI Indonesia (a) Penalty of IDR 0.21 mio (INR 0.12 lakhs) imposed by Bank Indonesia on account of shortage of foreign currency

minimum reserve requirement in 2011-12. The penalty was paid on August 23, 2011. (b) Penalty of IDR 2,000,000 (INR 0.13 lakhs) imposed by Bank Indonesia on account of delayed submission of

Commercial Bank Daily Report in April 2013. The penalty was paid on 10.04.2013. (c) Penalty of IDR 17,712,377 (INR 0.87 lakhs) imposed by Bank Indonesia on account of error in reported data for

calculation of minimum statutory reserve in December 2013. The penalty was paid on 12.12.2013. (d) Penalty of IDR 250,000,000 (INR 12.23 lakhs) imposed by Bank Indonesia on account of 25 forex purchase

transactions done by a customer were considered to be in violation of Bank Indonesia’s regulation concerning foreign exchange purchases against IDR in December 2013. The penalty was paid on 30.12.2013.

h. SBI Mauritius

(a) Penalty of MUR 1,00,000 (INR 1.75 lakh) imposed by Bank of Mauritius on account of non adherence to the guidelines on obtaining prior approval of local banking regulator. The penalty was paid in December 2012.

(b) Penalty of MUR 500,000 (INR 9.96 lakhs) imposed by Bank of Mauritius on account of non compliance with the guidelines of Anti-Money Laundering Combating the Financing of Terrorism and also due to non-adherence of guidelines on advertisement by Bank of Mauritius in June 2013. The penalty was paid on 17.07.2013.

There are no any monetary penalties imposed and/ or action taken by any financial regulatory body or governmental

authority, against the AMC and/ or the Board of Trustees /Trustee Company;

3. Details of all enforcement actions taken by SEBI in the last three years and/ or pending with SEBI for the violation of SEBI Act, 1992 and Rules and Regulations framed there under including debarment and/ or suspension and/ or cancellation and/ or imposition of monetary penalty/adjudication/enquiry proceedings, if any, to which the Sponsor(s) and/ or the AMC and/ or the Board of Trustees /Trustee Company and/ or any of the directors and/ or key personnel (especially the fund managers) of the AMC and Trustee Company were/ are a party. The details of the violation shall also be disclosed.

Against Sponsor: SEBI served show cause notice dated 08.11.2012 under rule 4 of the adjudication Rules for the deficiencies observed in Debenture Trustee operations during their inspection conducted from 26.07.2010 to 30.07.2010 at State Bank of India, Mumbai Main branch. Bank has made payment of Rs. 6.80 lacs towards the settlement charges to SEBI on 13.01.2015 for the same.

4. Any pending material civil or criminal litigation incidental to the business of the Mutual Fund to which the Sponsor(s) and/

or the AMC and/ or the Board of Trustees /Trustee Company and/ or any of the directors and/ or key personnel are a party should also be disclosed separately. Some ordinary routine litigations incidental to the business of the Fund are pending, and further a petition / summary suit against the Fund is pending in the court. A case was filed at the High Court of Judicature at Bombay by M/s Morarka Finance Limited for recovery of Rs 8.44 lakhs together with interest being the excess price paid by them in equity buyback transaction relating to the shares of M/s Pampasar Distilleries Limited. M/s A.R. Bhole and Company, Advocates are defending the case on our behalf. The case was transferred from the High Court of Bombay to the City Civil Court, Mumbai on September 29, 2012. Hearings are ongoing at the City Civil Court.

Apart from this, following are the details of Penalties, pending litigation or proceedings, findings of inspection or investigations for which action may have been taken or initiated by any regulatory authority against the AMC - SBI Funds Management Private limited (SBIFMPL) in a capacity of Investment Manager to the SBI Mutual Fund:

a) SEBI has initiated an investigation for the transactions in the shares of M/S Polaris Software Lab Limited, made during

the period April 01, 2002 to May 31, 2002 by SBI Mutual Fund, having suspected SBI Mutual Fund of indulging in insider trading on account of proposed merger of M/s Orbi Tech Solutions with M/s Polaris Software Lab Limited, i.e. 'unpublished price sensitive information' about Polaris under the SEBI (Insider Trading Regulation) Regulation, 1992. SBIMF has denied having violated of any insider trading regulation or SEBI Act. SEBI had issued a show cause notice on June 20, 2007 and SBIMF has replied to SEBI on June 30, 2008. Since then, there has been no further communication on the matter from SEBI till date.

b) SEBI had initiated an investigation into certain transactions in the shares of M/s. Padmini Technologies Limited (“PTL”), during the period 2000-2001, which included an inquiry into the investments made by SBI Mutual Fund in the shares of PTL. The Central Bureau of Investigation had also investigated about various aspects of transactions in the shares of PTL which included investments by various schemes of SBI Mutual Fund during the period. A case was subsequently filed in the Sessions Court at Mumbai in 2006 against some ex-employees of the Company. SBI Funds Management Private Limited (“SBIFMPL”), SBI Mutual Fund Trustee Company Pvt. Ltd. and SBI Mutual Fund are not parties to this case. The internal investigations conducted by the Chairman, Board of Trustees, SBI Mutual Fund, however, had ruled out any questionable intentions of SBI Mutual Fund in the matter. Further, a show cause notice dated January 29, 2010 (“2010 SCN”) was received from SEBI in the matter and SBI Mutual Fund has replied to the

107

show cause notice countering the allegations made by SEBI. SBI Mutual Fund had also made an application to SEBI to settle the matter through the consent process, i.e. on a no-fault basis, without accepting or denying guilt. The said consent proposal has not been accepted by SEBI vide its letter dated March 22, 2013. A fresh Show Cause Notice dated May 28, 2013 (“2013 SCN”) has been issued enclosing a copy of an enquiry report conducted again by a Designated Authority, recommending a prohibition on SBI Mutual Fund from launching any new mutual fund schemes for a period of 12 months. In terms of the opportunity made available in the 2013 SCN to avail the consent process, SBI Mutual Fund had filed a consent application which was returned by SEBI stating that the consent application by SBIFMPL shall not be reconsidered by SEBI. SBIFMPL is dealing with the issue and have engaged the services of legal counsel to resolve the matter.

5. Any deficiency in the systems and operations of the Sponsor(s) and/ or the AMC and/ or the Board of Trustees/Trustee Company which SEBI has specifically advised to be disclosed in the SID, or which has been notified by any other regulatory agency, shall be disclosed.

Not Applicable

Notwithstanding anything contained in this Scheme Information Document, the provisions of the SEBI (Mutual Funds) Regulations, 1996 and the guidelines there under shall be applicable. Date of Approval of the scheme by SBI Mutual Fund Trustee Company Private Limited: SBI FMCG Fund, SBI IT Fund, SBI Pharma Fund, SBI Contra Fund, & SBI Emerging Business Fund

10th March 1999

SBI Magnum Children’s Benefit Plan 24th February 2001 SBI Magnum Income Fund -1998 25th July 1998 SBI Magnum Taxgain Scheme 22nd May 1999* SBI Magnum Regular Savings Fund 28th April 2003 SBI Nifty Index Fund 17th May 2001 SBI Magnum Gilt Fund 21st January 2000 SBI Magnum Monthly Income Plan 19th August 2000 SBI Magnum InstaCash Fund 11th September 1998 * Date of approval by the Trustee for conversion of Scheme into Open ended. Notwithstanding anything contained in this Scheme Information Document, the provisions of the SEBI (Mutual Funds) Regulations, 1996 and the guidelines there under shall be applicable.

For and on behalf of the Board of Directors, SBI Funds Management Private Limited (the Asset Management Company for SBI Mutual Fund)

sd/-

Place: Mumbai Name : Dinesh Kumar Khara

Date: February 25, 2016 Designation : Managing Director & CEO

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SBI FUNDS MANAGEMENT PVT LTD - BRANCHES

AHMEDABAD: SBI Funds Management Pvt Ltd, 4th Floor, Zodiac Avenue, Opp Mayor Bungalow, Near Law Garden, Ahmedabad–380006, Tel : (079)26423060,26463090. AGARTALA: SBI Funds Management Pvt Ltd, Ground Floor, SBI Regional Business office (RBO-VII), Bijoy Kumar Choumuhani, Agartala-799001, Tel No.: 0381-232-410. Agra: SBI Funds Management Pvt Ltd, Office No. 207 A, Second Floor, Sumriddhi Business Suites, Block no. 38/4A, Sanjay Place, Agra – 282001, Tel : (0562) 2850239/37, AJMER: SBI Funds Management Pvt Ltd, C/O SBI Special Branch, Ajmer - 305001, Tel: (0145)2426284. ALIGARH : SBI Funds Management Pvt Ltd, State Bank of India, Main Branch, Aligarh – 202001, Uttar Pradesh ALLAHABAD: SBI Funds Management Pvt Ltd, UG-13, VashishtaVinayak Tower, Tashkent Marg, Civil Lines, Allahabad,211001, Tel: 0532-2261028. ALWAR : SBI Funds Management Pvt Ltd, Branch Manager, State Bank of India, Mahal Chowk, Alwar – 301001, Rajasthan. AMBALA : SBI Funds Management Pvt Ltd, C/o State Bank of India Mahesh Nagar Ambala Cantt. - 133001, Haryana. AMRAVATI : SBI Funds Management Pvt Ltd, C/o State Bank of India, Main Branch, Shyam Chowk, Amravati – 444601, Maharashtra AMRITSAR: SBI Funds Management Pvt Ltd, Personal Banking Branch, SCO 3, Lawrence Road, Amritsar–143001, Tel: (0183)2221755. ANAND : SBI Funds Management Pvt Ltd, 102, Maruti Sharnam, Near Nanadbhoomi Party Plot, Anand Vidyanagar Road, Anand – 388001, Gujarat Tel: (02692)- 246210. ANDHERI : SBI Funds Management Pvt Ltd, Shop No. 6, Monisha CHS, S.V Road, Near ICICI Bank, Andheri (West), Mumbai – 400058, Tel No.: 022-6900 1891. ASANSOL :SBI Funds Management Pvt Ltd, 2nd Floor, Block A, P. C. Chatterjee Market, RambandhuTala, G.T. Road. Asansol – 713303, West Bengal, Tel no. 81700 37270. AURANGABAD: SBI Funds Management Pvt Ltd, 1st Floor Viraj Complex, Opp; Big Cinema, ABOVE SBI ATM, Khadkeshwar, Aurangabad-431001, Tel: 0240-3244781. BANGALORE :SBI Funds Management Pvt Ltd,#501, 5th Floor,16 & 16/1,Phoenix Towers, Museum Road, Bangalore–560001, Tel : (080)25580014/25580051/22122507, 22272284, 22123784. BHOPAL :SBI Funds Management Pvt Ltd, Manav Niket, 30, Indira Press Complex, Near Dainik Bhaskar Office, M.P. Nagar, Zone-1, Bhopal (MP) – 462011 Tel No.: 0755-2557341, 4288276. BHUBANESHWAR :SBI Funds Management Pvt Ltd, SBI LHO Bldg, Ground Floor, Pt. Jawaharlal Nehru Marg, Bhubaneshwar–751001, Tel : (0674)2392401/501.BALASORE: SBI Funds Management Pvt Ltd, 1st Floor, Plot no 327/1805, FM College Road, Balasore - 756003, Odisha. BAREILLY: SBI Funds Management Pvt Ltd, C/o State Bank of India, Main Branch, Opp Katchery, Civil Lines, Bareilly- 243001. BHAGALPUR : SBI Funds Management Pvt Ltd, Mirzanhat Branch, Near GurhattaChowk, Police Station Mujahidpur, Bhagalpur - 812005, Bihar. BHARUCH : SBI Funds Management Pvt Ltd, 101-105, 1st Floor, Glacier Complex, Near Pizza Inn Restaurant, Jetalpur Road, Vadodara - 390007, Gujarat. BHILWARA: SBI Funds Management Pvt Ltd, C/o State Bank of India, Branch Manager, 27 - 28, Industrial Estate, Pur Road, Bhilwara – 311001, Rajasthan BATHINDA: SBI Funds Management Pvt Ltd, State Bank of India, 1st Floor, A.D.B. Branch, Guru KashiMarg, Bhatinda-151001, Tel:. BHUJ: SBI Funds Management Pvt Ltd, C/o State Bank of India, Shanti Chambers, Office No. 30, New Station Road, Opp. SBI Main Branch – 370001, Gujarat BOKARO: SBI Funds Management Pvt Ltd, F/5, City Centre, Sector - 4, Bokaro Steel City – 827004, Jharkhand. BORIVALI : SBI Funds Management Pvt Ltd, Shop No 16, Star Trade Centre, Sodawala Lane, Nr, Chamunda Circle, Borivali West-400092, Tel : 022-28927551- 28922741. BURDWAN: SBI Funds Management Pvt Ltd, 6th Floor, Talk of the Town, 398 G.T. Road, Burdwan – 713101, West Bengal BAVNAGAR: SBI Funds Management Pvt Ltd, C/o SBI Darbargadh Branch. 2’nd Floor.AmbaChowk. Bhavnagar 364001, Tel: 0278-2523788,. BELGAUM: SBI Funds Management Pvt Ltd, C/o.SBI Main Branch,Near Railway Station Camp, Belgaum-590001, Tel: 0831-2422463. BELLARY: SBI Funds Management Pvt Ltd, C/o.SBI Main Branch, Station Road Bellary-583101, Tel: 08392-271775. BHILAI: SBI Funds Management Pvt Ltd, Plot no.21, Nehru Nagar East, Commercial Complex, Near Bhilai Scan, Bhilai-490020, Tel No.: 0788-4010955, 0788 – 6940010/11/12/13/14/15/16/17. BILASPUR: SBI Funds Management PvtLtd,SBI, Main Branch,OldHighcourt Road,Bilaspur-495001, Tel: 07752) 495006. BOKARO: SBI Funds Management PvtLtd,C/o State Bank of India,Sector – 4,Main Branch,Bokaro Steel City,Bokaro – 827004, Tel: 9304823011.CHANDIGARH :SBI Funds Management Pvt Ltd, C/o State Bank of India, SCO-107-108, 2nd Floor, Administrative Office, Sector 17-B, Chandigarh-160017, Tel No.: 0172-2703380. CHENNAI :SBI Funds Management Pvt Ltd,SigapiAchi Building Ii Floor,18/3, Marshalls Road, Rukmani Lakshmipathy Road, Egmore, Chennai - 600 008, Tel : 044 2854 3382 / 3383, 044 2854 3384 / 3385. COIMBATORE :SBI Funds Management Pvt Ltd, 1st Floor, Above SBI R.S Puram Branch, 541, D.B Road, R.S Puram, Coimbatore- 641 002, Tel : (0422) 2541666. CALICUT : 2nd Floor, Josela’s Galleria, Opp. Malabar Christian College Higher Secondary School, Wayanad Road, Calicut-673001, Tel no: 0495-2768270, 4020079, 4020080. CUTTACK: SBI Funds Management Pvt Ltd, 3rd Floor,City Mart, Above Vishal Mega Mart, BajraKabati Road,Cuttack-753001, Tel: 0671-2422972. CHINCHWAD : SBI Funds Management Pvt Ltd, Shop No. 1. Ratnakar Bldg, Pavan Nagar, Opp P N Gadgil Showroom, ChapekarChowk, Chinchwad Pune-411033, Tel : 020-27355721.DAVANGERE : SBI Funds Management Pvt Ltd, Eshwar Complex, PJ Extension, Davangere - 577002, Karnataka. DARBHANGA : SBI Funds Management Pvt Ltd, Regional Business Office, Darbhanga, PO Laheriasarai, District – Darbhanga - 846001, Bihar. DEHRADUN: SBI Funds Management Pvt Ltd, SBI Main Branch, 4, Convent Road, Dehradun-248001, Tel: (0135)2651719. DHANBAD: SBI Funds Management Pvt Ltd, C/O State Bank Of India, Main Branch, 1st Floor, Centre Point Bank More, Dhanbad-826001, Tel: 0326-2301545. DHARAMSHALA: SBI Funds Management Pvt Ltd, Camp Office, State bank of India Regional Business office, Centre Point Building, Civil Line Dharamshala-176215, Tel: 01892-225814. DIMAPUR :SBI Funds Management Pvt Ltd, C/o State Bank of India, Old Market Branch, Kalibari Road, Old Daily Market (Near Durga Market), Dimapur- 797112, Nagaland. DURGAPUR: SBI Funds Management Pvt Ltd, C/o State Bank of India, 1st Floor, City Centre Branch, Durgapur-713216,, Tel: 2544191/192.ERNAKULAM :SBI Funds Management Pvt Ltd, 28/218 II Floor, Manorama Junction, Above SBI Ernakulam South Branch, S A Road, Panampilly Nagar, Ernakulam–682036, Tel : (0484)2318886,2318886,2323489.FAIZABAD : SBI Funds Management Pvt Ltd, State Bank of India, Regional Business Office – IV, Civil Lines, Faizabad – 224001, Uttar Pradesh. FARIDABAD : SBI Funds Management Pvt Ltd, C/o. SBI Commercial Br.,, 65, Neelam Bata Road, Near Mahalaxmi Hotel, NIT Faridabad, Haryana – 121001, Tel: 0129-4030661. FEROZEPUR: SBI Funds Management Pvt Ltd, c/o State Bank OF India RBO, 120 Church Road Ferozepur Cantonment Ferozepur - 152001, Tel: 9855008415. GOA : SBI Funds Management Pvt Ltd, FO – 4, Indraprastha Building, 1st Floor, Above Dena Bank, Menezes Braganza Road, Panjim - 403001, Goa, Tel No.: (0832) 6512666/ 6512777/ 2235283. GURGAON :SBI Funds Management Pvt Ltd, Shop No 6, Ground Floor, Vipul Agora,M G Road,Gurgaon-122002, Tel : (0124) 4200828. GUWAHATI :SBI Funds Management Pvt Ltd, Sethi Trust Building,Unit-III, Above State Bank of India-GMC Branch, G.S.Road, Bhangagarh, Guwahati-781005, Tel : (0361)2463704. GANDHIDHAM :SBI Funds Management Pvt Ltd, C/o State Bank of India, Adinath Arcade, Office No. 6, Police Station Road, Gandhidham – 370201, Gujarat. GAYA : SBI Funds Management Pvt Ltd, C/o State Bank Of India, Personal Banking Branch, Gaya, Gawalbigha More, Opposite Dayal Petrol Pump, Gaya - 823001, Bihar. GHATKOPAR : Shop No - 1 & 2, Atlantic Towers, R B Mehta Road, Near Railway Station, Ghatkopar – East, Mumbai – 400077. Tel No.: 022 – 25012227 / 28. GHAZIABAD: SBI Funds Management Pvt Ltd, SIB branch Ist floor NavyugMarket, Ghaziabad -201001, Tel: 0120-2797582,. GORAKHPUR: SBI Funds Management Pvt Ltd, C/o State Bank Of India, Gorakhpur Branch,, Bank Road, Gorakhpur (U.P.) PIN-273001, Tel: 0551-2203378. GULBARGA: SBI Funds Management PvtLtd,C/o State Bank of India,P.B.No.3, Hyderabad Karnataka, Chamber of Commerce Bldg, Super Market, Gulbarga -585105, Tel: 9980872463.

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GWALIOR: SBI Funds Management Pvt Ltd, C/O State Bank Of India, Gwalior Main Branch, Bada, Lashkar Gwalior-474001, Tel: 0751-2447272.GUNTUR : SBI Funds Management Pvt Ltd, C/o State Bank of India, Brodipet Branch, #4/11, Master Minds Building Brodipet, Guntur - 522002, Andhra Pradesh. HYDERABAD: SBI Funds Management PvtLtd,1-8-304 to 307, 3rd Floor, Kamala Towers,Patigadda Road, Begumpet, Secunderabad – 500 016. Tel :(040) 27905741 / 42. HALDWANI: SBI Funds Management Pvt Ltd, SBI SME Main Branch, Nainital Road, Haldwani, Uttarakhand – 263 139, Tel: 9412084061. HAZARIBAGH :SBI Funds Management Pvt Ltd, Prabhu Niwas Market, AnandaChowk , Guru Govind Singh Road, Hazaribagh – 825301, Jharkhand. HISSAR: SBI Funds Management Pvt Ltd, 42,Red Square Market, Nr. Hotel Regency, Hisar -125001, Haryana,, Tel: 01662 238415. HUBLI: SBI Funds Management Pvt Ltd, c/o: State Bank of India, Market Branch, Laxmi Complex, Near Court Circle, Hubli-580029, Tel: 0836-2368477. HOSIHARPUR : SBI Funds Management Pvt Ltd, C/o State Bank of India, Main Branch, 1st Floor, Opposite Green View Park, Main Court Road, Hoshiarpur-146001, Punjab.INDORE:SBI Funds Management Pvt Ltd, 215-216 City Centre, 2nd floor,570 M.G. Road, Indore– 452001, Tel : (0731)2541141.IMPHAL : SBI Funds Management Pvt Ltd, C/o State Bank of India, Imphal Branch, M. G. Avenue, Imphal – 795001, Manipur. ITANAGAR : SBI Funds Management Pvt Ltd, C/o State Bank of India, Personal Banking Branch, Ziro Point, Itanagar – 791111, Arunachal Pradesh. JABALPUR: SBI Funds Management Pvt Ltd, C/O SBI Personal Banking Branch, Near Bus Stand, Napier Town, Jabalpur-482001, Tel: 0761-2450542.JAIPUR :SBI Funds Management Pvt Ltd, 1st Floor, SBI Tonk Road Branch, Near Times of India Building,Tonk Road, Jaipur–302015, Tel : (0141) 2740016/2740061. JALANDHAR: SBI Funds Management Pvt Ltd, 2nd Floor, Shanti Towers,S.C.O. 37, P.U.D.A. Complex, Opposite SuvidhaCentre, Jalandhar - 144001, Tel: 0181-2238415.JALGAON : SBI Funds Management Pvt Ltd., 2nd floor, Opp. SBI Main Branch, Stadium Complex, JilhaPeth, Jalgaon - 425001, Maharashtra. JAMMU: SBI Funds Management Pvt Ltd, C/O State Bank of India, Zonal Office, 2nd Floor- Ansari, Bahu Plaza, Gandhi Nagar Jammu Tawi-180001, Tel: -(0191) 2474975. JAMNAGAR: SBI Funds Management Pvt Ltd, C/o SBI Ranjit Road Branch,Ranjit Road, Jamnagar,-361001, Tel: 0288-2660104. JAMSHEDPUR: SBI Funds Management Pvt Ltd, C/o SBI, Main Branch, Bistupur, Ground Floor, Jamshedpur–831001, Tel: (0657)2440446. JHANSI: SBI Funds Management Pvt Ltd, C/o SBI Main Barnch, Near Elite Crossing, Jhansi- 284001, Tel: 0510-2330298. JODHPUR: SBI Funds Management Pvt Ltd, 201, Shree Plaza,658 Residency Road, Sardarpura, Jodhpur. 342003, Tel: 0291-2611928,0291-2611929.JORHAT : SBI Funds Management Pvt Ltd, C/o State Bank of India, Jorhat Main Branch, A.T. Road, Jorhat – 785001, Assam. JUNAGADH : SBI Funds Management Pvt Ltd, Marry Gold 2, 305, Third floor, College Road, Junagadh – 362002, Gujarat. KANPUR :SBI Funds Management Pvt Ltd, 207, 2nd Floor, Sai Square, 16/ 116 (45), Bhargava Estate, Civil Lines, Kanpur- 208001, Tel No.: 0512- 6900314/15. KOLKATA :SBI Funds Management Pvt Ltd, JeevandeepBldg,No 1, Middleton Street, 9th Floor, Kolkatta–700 001, Tel : 22882342/22883767/22883768.KALYANI : SBI Funds Management Pvt Ltd, Sri Tapan Krishna Dey, Sudhalaya, A 1/50, Kalyani, District Nadia - 741235, West Bengal. KANNUR : SBI Funds Management Pvt Ltd, C/o State Bank of India, NRI Branch, SBI Building, Fort Road, Kannur – 670001, Kerala. KHARAGPUR : SBI Funds Management Pvt Ltd, IndaPeerbaba, Near Ashirbad Lodge, Kharagpur, Midnapore West, West Bengal – 721301. KOLHAPUR: SBI Funds Management Pvt Ltd, 3rd Floor, Ayodhya Towers,, Station Road,, Kolhapur-416 001, Tel: 0231 - 2680880. KOLLAM : SBI Funds management Pvt Ltd, C/o State Bank of India, Kollam Branch, PB No 24, State Bank Building, Near Railway Station, Kollam - 691001, Kerala. KORBA : SBI Funds Management Pvt Ltd, C/o. State Bank of India, Kutchery Branch, KutcheryChowk, Raipur – 492001, Chattisgarh. KOTA: SBI Funds Management Pvt Ltd, SBI Main Branch, ChawaniChoraha, Kota - 324 005, Tel: (0744)2390631. KOTTAYAM: SBI Funds Management Pvt Ltd, C/0 SBI Kalathipadi Branch, Opp. Karipal Hospital, K K Road, Kalathipadi, Vadavathoor P O, Kottayam-686010, Tel:. KURNOOL : SBI Funds Management Pvt Ltd, No: 26, 1st Floor, Ucon Plaza, Park Road, Kurnool-518001,Andhra Pradesh, Tel:(08518)227776. KALYAN : SBI Funds Management Pvt Ltd, Shop No. 25, Ground Floor, Madhav Commercial Complex, Station Road, Kalyan (West) - 421 301, Tel : 0251-2311850/2311980.LUCKNOW :SBI Funds Management Pvt Ltd, G-16, Kasmande House,2, Park Road, Hazratganj,Lucknow-226 001, Tel : (522) 2286741,2286742. LUDHIANA :SBI Funds Management Pvt Ltd, C/o. State Bank of India, 1st Floor, Main Branch, Civil Lines, Ludhiana–141 001, Tel : (0161)2449849. LEH : SBI Funds Management Pvt Ltd, C/o State Bank Of India Fire & Fury Branch, Opp. Hall of Fame, Air Port Road Leh, Dust - Leh. – 194101, Jammu & Kashmir. MUMBAI :SBI Funds Management Pvt Ltd, Forbes’ Building, 2nd Floor, Charanjit Rai Marg, East Wing, Fort, Mumbai–400 001, Tel : (022)66532800. MADURAI: SBI Funds Management Pvt Ltd, Ist Floor Suriya Towers,273, Goodshed street, Madurai-625001, Tel: (0452)4374242.MALDA : SBI Funds Management Pvt Ltd, C/o ArindamSarkar, Vivekananda Pally, Behind Fouzder Clinic, English Bazar, Malda - 732101, West Bengal. MANGALORE: SBI Funds Management Pvt Ltd, 2nd Floor, Essel Towers, Bunts Hostel Circle, Mangaluru - 575003, Tel: (0824)2222463.MARGAO : SBI Funds Management Pvt Ltd, C/o State Bank of India, Margao Main Branch, Near MargaoMuncipal Garden - 403601, Goa. MEERUT: SBI Funds Management Pvt Ltd, C/0 SBI Zonal Office, Garh Road, Meerut-250005, Tel:.MEHSANA : SBI Funds Management Pvt Ltd, Sanskrut Shopping Mall, F - 7, Nr. ModheraChowkdi, Opp. Kotak Bank, Mehsana – 384002, Gujarat. MORADABAD: SBI Funds Management Pvt Ltd, C/o SBI Main Branch, Civil Lines, Moradabad-244001, Tel: (0591) 2411411. MUZZAFFARPUR: SBI Funds Management Pvt Ltd, 2nd Floor, Poddar Complex, SBI Zonal Office, OppJubbaShani Park, Mithanpura, Muzaffarpur - 842002,, Tel:. MYSORE: SBI Funds Management Pvt Ltd, C/o SBI Mysore Main Branch, 1st Floor, Mothikhana Building, New Sayyaji Rao Road, Mysore 570024, Tel: (0821)4242919. NAGPUR :SBI Funds Management Pvt Ltd, 1st floor," Shalwak Manor", Office No - 101, Plot No – 64-B, VIP Road, New Ramdaspeth, Near Central Mall, Nagpur – 440010, Tel No.: 0712-6458368. NEW DELHI :SBI Funds Management Pvt Ltd, 5th Floor, Ashoka Estate, 24 Barakhamba Lane, New Delhi–110001, Tel : (011) 23466666.NADIAD : SBI Funds Management Pvt Ltd, City Point Complex, Shop # 04, Ground Floor, Opp. Ipcowala Town Hall, Near ParasTalkis, Collage Road, Nadiad – 387001, Gujarat. NASHIK: SBI Funds Management Pvt Ltd, Shop No-1, Shivneri Heights, Vise Mala, Near Ramdas Colony Garden, Nashik-422005., Tel: 0253- 6575888/2232553. NAVSARI :SBI Funds Management Pvt Ltd, C/o State Bank of India, 105, Rudraksh Apt, Nr. Dhruvini Hospital, Asha Nagar Main Road, Navsari – 396445, Gujarat. NELLORE : SBI Funds Management Pvt Ltd, C/o. State Bank of India, Vedayapalem Branch, Nellore - 524 004, Andhra Pradesh. NEHRU PLACE: SBI Funds Management Pvt Ltd, SBI, 40 Bakshi House, Nehru Place, New Delhi-110018, Tel : 011-26224606. NOIDA: SBI Funds Management Pvt Ltd, GF-07 ansal fortune arcade K- block, Sector – 18, Noida – U P NOIDA-201301, Tel : 0120 4232214.PATNA :SBI Funds Management Pvt Ltd, Gr Floor, SBI Main Branch, West Gandhi Maidan, Patna–800001, Tel : (0612) 3242047. PATIALA : SCO 14-15, Ground Floor, Opp. Kamal Laboratory, New Leela Bhawan, Patiala-147001. Tel No.: 0175-2300058. PUNE: SBI Funds Management Pvt Ltd, MadhuriKishor Chambers, 3rd Floor, Near Passport Office, Senapati Bapat Road, Pune–411016, Tel : (020)25670961. PITAM PURA : SBI Funds Management Pvt Ltd, H-4/G-10,Vardhman NX Plaza,Netaji Subhash Place,Delhi-110034,, Tel : 011-23751974.RAIPUR :SBI Funds Management Pvt Ltd, Raj Villa, Near Raj Bhawan, Civil Lines, GhadiChowk,Raipur- 492001, Tel : (0771) 2543355,4263256,4056808. RANCHI :SBI Funds Management Pvt Ltd, C/o. State Bank Of India,Upper Bazar Branch, 2nd Floor, Metro Market, Kutchery Road, Ranchi–834 001, Tel : (0651) 2213413.RAJAHMUNDRY :SBI Funds Management Pvt Ltd, C/o, SBH Main Branch, T Nagar, Rajahmundry – 533 101, Tel: (0883)2434002. RAJKOT: SBI Funds Management Pvt Ltd, 208, Orbit Plaza, Near Swami Vivekanand Statue, Dr. Yagnik Road, Rajkot – 36000, Tel No.: 0281-2466740/41. RATLAM : SBI Funds Management Pvt Ltd, 14/1, Chhatripul, Main Road, Ratlam – 457001, Madhya Pradesh. ROHTAK : SBI Funds Management Pvt Ltd, C/o State Bank of India Main Branch, Near District Court, Rohtak - 124001, Haryana. ROURKELA: 1st Floor, Dhananjay Niwas,

Tel:(08518)227776

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Udit Nagar, Rourkela, Odisha – 769012, Tel No.: 0661-2522999 SURAT :SBI Funds Management Pvt Ltd, Athugar Street, Higher Ground Floor,Meghratna Complex, Nanpura,Surat – 395 001, Tel : (0261) 2462764/ 3994800/ 6646555.SAHARANPUR : SBI Funds Management Pvt Ltd, State Bank of India, Court Road, Saharanpur – 247001, Uttar Pradesh. SAGAR : SBI Funds Management Pvt Ltd, Shop No. G-11, Dwarikaji Complex, Civil Lines, Sagar - 470 001, Madhya Pradesh. SALEM: SBI Funds Management Pvt Ltd. Nakshatra Trade Mall”, No.55/1,Ramakrishna Raod, Near Gopi Hospital,Salem-636007, Tel: 0427-4552289. SAMBALPUR: SBI Funds Management Pvt Ltd, State Bank Of India, Sambalpur Main Branch, Sambalpur, Dist. sambalpur, Orissa-768001, Tel: 0663-2410001. SHILLONG: SBI Funds Management Pvt Ltd, SBI Shillopng Main Branch, Shillong, Meghalaya-793001, Tel: 9436730174. SHIMLA: SBI Funds Management Pvt Ltd, C/o State Bank of India, New Building (2nd Floor), Kali Bari, The Mall, Shimla-171003, Himachal Pardesh, Tel: 0177-2807608. SHIMOGA: SBI Funds Management Pvt Ltd, SBI Shimoga Branch, ShroffComplex,Sir, M.V. Road, Tilak Nagar, Shimoga-577201, Tel: 8182222463. SILCHAR : SBI Funds Management Pvt Ltd, C/o State Bank of India, New Silchar Branch, Silchar – 788005, Assam. SILIGURI: SBI Funds Management Pvt Ltd, Ganeshayan Building -2nd Floor, Beside Sky Star Building, Sevoke Road,Siliguri-734001, Tel: 0353-2537065.SOLAPUR : SBI Funds Management Pvt Ltd, C/o State Bank of India, 2-A, BudhwarPeth, Balives, Solapur – 413002, Maharashtra. SONEPAT: SBI Funds Management Pvt Ltd, C/o State Bank of India Atlas Cycle Branch, Atlas Cycle road, Model Town, Sonepat-131001, Tel:. SRIGANGANAGAR: SBI Funds Management Pvt Ltd, SBI Main Branch, Ravinder Path, Sri Ganganagar.335001, Tel: 9829067384. SRINAGAR : SBI Funds Management Pvt Ltd., SBI Regional bussiness Office, 2Nd Floor, M.A Road, Srinagar, Tel: 0194-2474864.THRIVANTHAPURAM :SBI Funds Management Pvt Ltd, Ground Floor, TC 25/373(9),Govt. Press Road,NearSecretariat,Trivandrum 695001, Tel : (0471) 4011590/4011591/4011592. THANE: SBI Funds Management Pvt Ltd, Shop No 1, Kashinath CHS, GhantaliMandir Road Nr Ghantali Devi Mandir.Naupada, Thane-400602, Tel : 022-25401690,25414594. THIRUCHIRAPALLI: SBI Funds Management Pvt Ltd, No.60/2, I Floor, Krishna Complex, Sastri Road, Tennur, Trichy- 620017,Tel: 0431-4000667. THISSUR :SBI Funds Management Pvt Ltd, C/o State Bank of India, Thichur Town Branch, Poonam Complex, M G Road, Thissur – 680001, Kerala. THRISSUR: SBI Funds Management Pvt Ltd, First Floor, Pooma Complex, M. G. Road, Trisshur – 680001 Tel: 0487-2445700. TINSUKIA: SBI Funds Management Pvt Ltd, 3rd Floor, State Bank of India, Tinsukia Branch, S.R. LohiaRoad,Tinsukia, Assam Pin-786125, Tel: O3742332365. TIRUNELVELI : SBI Funds Management Pvt Ltd, 182 E, Shop no 7,Arunagiri Uma Complex, S.N.High Road, Tirunelveli - 627001, Tel: 0462 4220023. TIRUPATI: SBI Funds Management Pvt Ltd, C/o SBI Korlagunta Branch, Near Leelamahal Junction,Tirupathi.-517501, Tel: (0877)6450828. UDAIPUR: SBI Funds Management Pvt Ltd, SBI City Branch, Bapu Bazaar, Near Delhi Gate,Udaipur.313001, Tel: 9928191961.VADODARA :SBI Funds Management Pvt Ltd, 101 - 105, Glacier Complex,Near Pizza In, Jaselpur Road, Vadodara - 390007, Tel : (0265) 2323010.VIJAYAWADA :SBI Funds Management Pvt Ltd,DNO.29-6-23, 1st Floor,Sri Raja RajeswariComplex,Ramachandra Rao Road,Suryaraopeta,Vijayawada – 520 002. Tel : 0866 2436113 / 2438217. VALSAD: SBI Funds Management Pvt Ltd, 101, Amar Chambers, Near HDFC Bank, Opposite Lal School, Valsad - 396001, Tel: 02632- 245440.VAPI : SBI Funds Management Pvt Ltd, C/o State Bank of India, 1st Floor, Shop No. 21, Shopper Stop, Opp. Imran Nagar, Silvasa Road, Vapi – 396191, Gujarat. VARANASI: SBI Funds Management Pvt Ltd, 2nd Floor, Banaras TVS Bulding,, D-58/12, A-7, Sigra, Varanasi-221010, Tel: 0542-2222492. VELLORE : SBI Funds Management Pvt Ltd, State Bank of India Officers Line Vellore - 632001, Tamil Nadu. VISHAKAPATNAM: SBI Funds Management Pvt Ltd, C/o.SBI Main Branch, Near Rednam Circle, Vishakhapatnam- 530 020, Tel: 0891-3293018. VASHI : SBI Funds Management Pvt Ltd, Tower No 7, F 219, 2nd floor, VashiInfotech Park, Above Vashi railway station building, Navi Mumbai - 400703, Tel : 022-27810371/27810368. WARANGAL: SBI Funds Management Pvt Ltd, H.No 1-7-764, Ist Floor, Sri Shiridi Sai Complex, Beside DEO Office, Adalath Junction, Hanamkonda, Warangal 506001, Tel: 0870-2430307.

CAMS INVESTOR SERVICE CENTRES / CAMS TRANSACTION POINTS

AHMEDABAD: 111-113,1st Floor - Devpath Building, Off: C G Road, Behind Lal Bungalow, Ellis Bridge, Ahmedabad – 380006 Tel: 079-30082468/69. AGARTALA: Advisor Chowmuhani (Ground Floor), Krishnanagar, Agartala, Agartala-799001, Tel:09862923301.AGRA: No. 8, II Floor, Maruti Tower, Sanjay Place, Agra-282002, Tel: 0562-324 2267. AHMEDNAGAR: B, 1+3, Krishna Enclave Complex, Near Hotel Natraj, Nagar- Aurangabad Road, Ahmednagar -414 001, Tel: 241-6450282. AJMER: AMC No. 423/30, Near Church, Brahampuri,Opp T B Hospital, Jaipur Road, Ajmer-305001, Tel: 0145-329 2040. AKOLA :Opp. RLT Science College, Civil Lines, Akola-444001, Tel: 724-3203830. ALIGARH: City Enclave, Opp. Kumar Nursing Home, Ramghat Road, Aligarh-202001, Tel: 571-3200301. ALLAHABAD: 30/2, A&B, Civil Lines Station, Besides Vishal Mega Mart, Strachey Road, Allahabad-211001, Tel: 0532-329 1274. ALLEPPEY: Doctor’s Tower Building, Door No. 14/2562, 1st floor, North of Iorn Bridge, Near Hotel Arcadia Regency, Alleppey-688011, Tel: 477-3209718. ALWAR: 256A, Scheme No:1, Arya Nagar, Alwar-301001, Tel: 0144-3200451. AMARAVATI :81, Gulsham Tower, 2nd Floor, Near Panchsheel Talkies, Amaravati-444601, Tel: 0721-329 1965. AMBALA: Opposite PEER, BalBhavan Road, Ambala, Ambala-134003, Tel: 171-3248787. AMRITSAR: SCO - 18J, ‘C’, Block Ranjit Avenue, Amritsar-140001, Tel: 0183-5099995, 3221379. ANAND: 101, A.P. Tower, B/H, SardharGunj, Next to Nathwani Chambers, Anand-388001, Tel: 02692-325071. ANANTAPUR: 15-570-33, I Floor, Pallavi Towers, Anantapur, Anantapur -515 001, Tel: 8554-326980, 326921. ANDHERI : CTS No 411, Citipoint, Gundivali, TeliGali, Above C.T. Chatwani Hall, Andheri, Andheri-400069, Tel: 22-32208018. ANKLESHWAR: Shop No - F -56, First Floor,Omkar Complex, Opp Old Colony,NrValia Char Rasta, GIDC, Ankleshwar- Bharuch -393002, Tel: 02646-310207. ARAMBAGH: Ward No 5,Basantapur More, PO Arambag, HooglyArambagh – 712601, West Bengal, Tel no. 03211-211003.ASANSOL: Block – G 1st Floor, P C Chatterjee Market Complex, RambandhuTalab P O Ushagram, Asansol-713303, Tel: 0341- 2316054. AURANGABAD :Office No. 1, 1st Floor, Amodi Complex, Juna Bazar, Aurangabad-431001, Tel: 0240-329 5202, 2050664. BAGALKOT: 1st floor, E Block Melligeri Towers, station road, Bagalkot-587101, Tel: 8354-225329. BALASORE: B C Sen Road, Balasore-756001, Tel: 06782-326808. BANGALORE: Trade Centre, 1st Floor, 45, Dikensen Road, (Next to Manipal Centre), Bangalore-560 042, Tel: 080-3057 4709, 3057 4710, 30578004, 30578006.BANKURA: Cinema Road, Nutanganj, Beside Mondal Bakery, PO & District Bankura, Bankura – 722101, West Bengal, Tel. no. 03242-252668. BAREILLY: F-62-63, Butler Plaza, Civil Lines, Bareilly, Bareilly-243001, Tel: 581-3243322. BASTI: Office no 3, Ist Floor, Jamia Shopping Complex, (Opposite Pandey School), Station Road, Basti-272002, Tel: 5542-327979. BELGAUM: 1st Floor, 221/2A/1B, Vaccine Depot Road, Near 2nd Railway gate, Tilakwadi, Belgaum-590006, Tel: 0831-329 9598. BELLARY: 60/5, Mullangi Compound, Gandhinagar Main Road, ( OldGopalswamy Road), Bellary-583101, Tel: 08392-326848. BERHAMPUR: First Floor, Upstairs of Aaroon Printers, Gandhi Nagar Main Road, Orissa, Berhampur-760001, Tel: 0680-3205855. BHAGALPUR: Krishna, I Floor, Near Mahadev Cinema, Dr.R.P.Road, Bhagalpur, Bhagalpur-812002, Tel: 641-3209094. BHARUCH (PARENT: ANKLESHWAR TP): F-108, Rangoli Complex, Station Road, Bharuch, Bharuch -392001, Tel: -098253 04183. BHATINDA: 2907 GH,GT Road, Near ZilaParishad, BHATINDA, BHATINDA-151001, Tel: 164-3204511. BHAVNAGAR: 305-306, Sterling Point, Waghawadi Road, OPP. HDFC BANK, Bhavnagar-364002, Tel: 0278-3208387, 2567020. BHILAI: Shop No. 117, Ground Floor, Khicharia Complex, Opposite IDBI Bank, Nehru Nagar Square, Bhilai-490020, Tel: 9203900630. BHILWARA: Indraparstha tower, Second floor,

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Shyamkisabjimandi, Near Mukharji garden, Bhilwara-311001, Tel: 01482-231808, 321048. BHOPAL: Plot no 10, 2nd Floor, Alankar Complex, Near ICICI Bank, MP Nagar, Zone II, Bhopal-462011, Tel: 0755-329 5873. BHUBANESWAR: Plot No - 111, Varaha Complex Building, 3rd Floor, Station Square, KharvelNagar,Unit 3, Bhubaneswar-751 001, Tel: 0674-325 3307, 325 3308. BHUJ: Data Solution, Office No:17, I st Floor, Municipal Building Opp Hotel Prince, Station Road, Bhuj - Kutch-370001, Tel: 02832-320924. BHUSAWAL (PARENT: JALGAON TP): 3, Adelade Apartment, ChristainMohala, Behind Gulshan-E-Iran Hotel, Amardeep Talkies Road, Bhusawal, Bhusawal-425201, Tel: -. BIJAPUR: 1st floor, Gajanan Complex, Azad Road, Bijapur-586101, Tel: 8352-259520. BIKANER: F 4,5Bothra Complex, Modern Market, Bikaner, Bikaner-334001, Tel: 151-3201590. BILASPUR: 2nd Floor, GwalaniChambers,St Xavier School Road,In Front of CIT (Income Tax) Office,VyaparVihar, Bilaspur – 495001,Tel: 9203900626. BOKARO: Mazzanine Floor, F-4, City Centre, Sector 4, Bokaro Steel City, Bokaro -827004, Tel: 06542-324 881. BURDWAN: 399, G T Road, Basement of Talk of the Town, Burdwan-713101, Tel: 0342-320 7077. CALICUT: 29/97G 2nd Floor, Gulf Air Building, Mavoor Road, Arayidathupalam, Calicut-673016, Tel: 0495-325 5984. CHANDIGARH: Deepak Tower, SCO 154-155,1st Floor, Sector 17-C, Chandigarh-160 017, Tel: 0172-304 8720, 304 8721, 304 8722, 3048723. CHANDRAPUR: Opposite Mustafa Décor,Near Bangalore Bakery, Kasturba Road, Chandrapur-442402, Tel: 7172-253108. CHENNAI: Ground Floor No.178/10, Kodambakkam High Road, Opp. Hotel Palmgrove, Nungambakkam, Chennai-600 034, Tel: 044-39115 561, 39115 562, 39115 563, 39115 565.CHENNAI:Rayala Towers, 158, Anna Salai, Chennai – 600002 Tel: 044 30407236. CHHINDWARA: Shop No. 01, Near Puja Lawn, Parasia Road, Chhindwara - 480 001, Madhya Pradesh, Tel No: 9203900507. CHIDAMBARAM: Shop No. 1 & 2,saradaram complex door no 6-7, Theradikadai street, Chidambaram, Chidambaram-608001, Tel: 4144-221746. CHITTORGARH: 3 Ashok Nagar, Near Heera Vatika, Chittorgarh -312001, Tel: 1472-324810. COCHIN: Ittoop’s Imperial Trade Center, Door No. 64/5871 – D, 3rd Floor, M. G. Road (North), Cochin-682 035, Tel: 0484-323 4658. COIMBATORE: Old # 66 New # 86, Lokamanya Street (West), Ground Floor, R.S.Puram, Coimbatore-641 002, Tel: 0422-301 8000. COOCHBEHAR: N. N. Road, Power House Choupathi, Coochbehar – 736101, West Bengal, Tel. no.: 9378451365.CUTTACK: Near Indian Overseas Bank, Cantonment Road, Mata Math, Cuttack-753001. DARBHANGA: Ground Floor, Belbhadrapur, Near Sahara Office, Laheriasarai Tower Chowk Laheriasarai,Darbhanga-846001, Tel: 9204790656. DAVENEGERE: 13, Ist Floor, AkkamahadeviSamaj Complex, Church Road, P.J.Extension, Devengere-577002, Tel: 08192-326226. DEHRADUN: 204/121 NariShilpMandirMarg, Old Connaught Place, Dehradun-248001, Tel: 0135-325 8460. DEOGHAR: S S M Jalan Road, Ground floor, Opp. Hotel Ashoke, Caster Town, Deoghar-814112, Tel: 6432-320227. DEWAS: Tarani Colony, Near Pushp Tent House, Dewas - 455001, Madhya Pradesh, Tel no: 07272-403382, DHANBAD: Urmila Towers, Room No: 111(1st Floor), Bank More, Dhanbad-826001, Tel: 0326-2304675. DHARMAPURI :16A/63A, Pidamaneri Road, Near Indoor Stadium, Dharmapuri, Dharmapuri -636 701, Tel: 4342-310304. DHULE: House No. 3140, Opp Liberty Furniture, Jamnalal Bajaj Road, Near Tower Garden, Dhule – 424001, Tel No: 02562 – 640272. DURGAPUR: City Plaza Building, 3rd floor, City Centre, Durgapur-713 216, Tel: 0343- 2545420 /30. ERODE: 197, Seshaiyer Complex, Agraharam Street, Erode-638001, Tel: 0424-320 7730. FAIZABAD: Amar Deep Building,3/20/14, IInd floor, Niyawan, Faizabad – 224001, Tel No: 9235406436. FARIDHABAD: B-49, Ist Floor, Nehru Ground, Behind Anupam Sweet House, NIT, Faridhabad-121001, Tel: 0129-3241148. GANDHIDHAM: S-7, RatnakalaArcade,Plot No. 231, Ward – 12/B, Gandhidham – 370201, Gujarat. Tel. No. - 02836-650116. GANDHINAGAR: M-12 Mezzanine Floor, Suman Tower, Sector 11, Gandhinagar – 382011. Tel: 079-23240170. GAYA: 69, Gandhi Chowk (Ground Floor), K.P Road, Gaya, Pin-823 001. GHAZIABAD: 113/6 I Floor, Navyug Market, Gazhiabad-201001, Tel: 0120-3266917, 9910480189 (mobile of CH). GOA: No.108, 1st Floor, GuruduttaBldg, Above Weekender, M G Road, Panaji (Goa) -403 001, Tel: 0832-325 1755, 325 1640. GONDAL (PARENT RAJKOT): A/177, Kailash Complex, Opp. Khedut Decor, GONDAL-360 311, Tel: 0281-329 8158. GORAKHPUR: Shop No. 3, Second Floor, The Mall, Cross Road, A.D. Chowk, Bank Road, Gorakhpur-273001, Tel: 0551-329 4771. GULBARGA: Pal Complex, Ist Floor, Opp. City Bus Stop,SuperMarket, Gulbarga, Gulbarga-585 101, Tel: 8472-310119. GUNTUR: Door No 5-38-44, 5/1 BRODIPET, Near Ravi Sankar Hotel, Guntur-522002, Tel: 0863-325 2671. GURGAON: SCO - 16, Sector - 14, First floor, Gurgaon-122001, Tel: 0124-326 3763. GUWAHATI: A.K. Azad Road, Rehabari, Guwahati-781008, Tel: 7896035933. GWALIOR: G-6 Global Apartment, KailashVihar Colony, Opp. Income Tax Office, City Centre, Gwalior-474002, Tel: 0751-320 2311. HALDIA: 2nd Floor, New Market Complex, 2nd Floor, New Market Complex, Durgachak Post Office,PurbaMedinipur District, Haldia, Haldia-721 602, Tel: 3224-320273. HALDWANI: Durga City Centre, Nainital Road, Haldwani, Haldwani -263139, Tel: 5946-313500. HARIDWAR: No. 7, KanyaGurukul Road, Krishna Nagar, Haridwar - 249404, Uttarakhand, Phone no: 1334-245828, HAZARIBAG: Municipal Market, AnnandaChowk, Hazaribagh, Hazaribagh-825301, Tel: 6546-320250. HIMMATNAGAR: D-78 First Floor, New Durga Bazar, Near Railway Crossing, Himmatnagar, Himmatnagar -383 001, Tel: 2772-321080. HISAR: 12, Opp. Bank of Baroda, Red Square Market, Hisar, Hisar-125001, Tel: 1662-329580. HOSHIARPUR :NearArchies Gallery, Shimla PahariChowk, Hoshiarpur, Hoshiarpur-146 001, Tel: 1882-321082. HOSUR:No.9/2, 1st Floor,Attibele Road, HCF Post,Behind RTO Office, Mathigiri, Hosur – 635110,Tel: 04344-645010. HUBLI: No.204 - 205, 1st Floor, ‘ B ‘ Block, Kundagol Complex, Opp. Court, Club Road, Hubli-580029, Tel: 0836-329 3374. HYDERABAD: 208, II Floor, Jade Arcade, Paradise Circle, Secunderabad-500 003, Tel: 040-3918 2471, 3918 2473, 3918 2468, 3918 2469. INDORE: 101, Shalimar Corporate Centre, 8-B, South tukogunj, Opp.Greenpark, Indore-452 001, Tel: 0731-325 3692, 325 3646.JABALPUR: 8, Ground Floor, Datt Towers, Behind Commercial Automobiles, Napier Town, Jabalpur-482001, Tel: 0761-329 1921. JAIPUR: R-7, YudhisthirMarg, C-Scheme, Behind Ashok Nagar Police Station, Jaipur-302 001, Tel: 0141-326 9126, 326 9128, 5104373, 5104372. JALANDHAR: 367/8, Central Town, Opp. GurudwaraDiwanAsthan, Jalandhar-144001, Tel: 0181-2222882. JALGAON: RustomjiInfotech Services, 70, Navipeth, Opp. Old Bus Stand, Jalgaon-425001, Tel: 0257-3207118. JALNA : Shop No 6, Ground Floor, Anand Plaza Complex, Bharat Nagar,ShivajiPutla Road, Jalna, Jalna-431 203, Tel: - JALPAIGURI : Babu Para, Beside Meenaar Apartment, Ward No VIII, Kotwali Police Station, Post Office & District : Jalpaigur – 735101, West Bengal. JAMMU: JRDS Heights, Lane Opp. S&S Computers, Near RBI Building, Sector 14, Nanak Nagar, Jammu-180004, Tel: 09205432061, 2432601. JAMNAGAR: 217/218, Manek Centre, P.N. Marg, Jamnagar-361008, Tel: 0288-3206200. JAMSHEDPUR: Millennium Tower, “R” Road, Room No:15 First Floor, Bistupur, Jamshedpur-831001, Tel: 0657-3294202. JAUNPUR :248, FORT ROAD, Near AMBER HOTEL, Jaunpur -222001, Tel: 5452-321630. JHANSI: Opp SBI Credit Branch, BabuLalKharkana Compound, Gwalior Road, Jhansi-284001, Tel: 510-3202399. JODHPUR: 1/5, Nirmal Tower, IstChopasani Road, Jodhpur-342003, Tel: 0291-325 1357. JORHAT: Ganesh Chandra Baruah Complex. K.B.Road, Near Doss & Co., Jorhat 785001 AAssam. Phone no.- 0376-2932558.JUNAGADH: “AASTHA PLUS”, 202-A, 2nd floor, Sardarbag road, Near Alkapuri, Opp. Zansi Rani Statue, Junagadh – 362001, Gujarat, Tel: 0285-6540002. KADAPA: BandiSubbaramaiah Complex, D.No:3/1718, Shop No: 8, Raja Reddy Street, Kadapa, Kadapa-516 001, Tel: 8562-322099. KAKINADA: No.33-1, 44 Sri Sathya Complex, Main Road, Kakinada, Kakinada-533 001, Tel: 884-320 7474, 320 4595. KALYANI: A - 1/50, Block - A, Dist Nadia, Kalyani-741235, Tel: 033-32422712. KANNUR: Room No.14/435, Casa Marina Shopping Centre, Talap, Kannur, Kannur-670004, Tel: 497-324 9382. KANPUR: I Floor 106 to 108, CITY CENTRE Phase II, 63/ 2, THE MALL, Kanpur-208 001, Tel: 0512-3918003, 3918000, 3918001, 3918002. KARIMNAGAR: HNo.7-1-257, Upstairs S B H, Mangammathota, Karimnagar, Karimnagar -505 001, Tel: 878-3205752, 3208004. KARNAL (PARENT :PANIPAT TP): 7, 2nd Floor, Opp Bata Showroom, Kunjapura Road, Karnal-132001, KARUR: 126 G, V.P.Towers, Kovai Road, Basement of Axis Bank, Karur, Karur -639002, Tel: 4324-311329. KATNI: 1st FLOOR, GURUNANAK DHARMAKANTA, Jabalpur Road, BARGAWAN, KATNI-483 501, Tel: 7622-322104. KESTOPUR: S.D.

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Tower, Sreeparna Apartment, AA-101, PrafullaKannan (West), Shop No. 1M, Block –C (Ground Floor), Kestopur – 700101, Kolkata. KHAMMAM : Shop No: 11 - 2 - 31/3, 1st floor, Philips Complex, Balajinagar, Wyra Road, Near Baburao Petrol Bunk, KHAMMAM-507 001, Tel: 8742-323973. KHARAGPUR: H.NO.291/1, Ward No-15, Malancha Main Road, Opposite UCO Bank, Kharagpur, Kharagpur-721301, Tel: 3222-323984. KOLHAPUR: 2 B, 3rd Floor, Ayodhya Towers, Station Road, Kolhapur-416001, Tel: 0231-3209 356. KOLKATA: Saket Building, 44 Park Street, 2nd Floor, Kolkata-700016, Tel: 033-3058 2285, 3058 2303, 30582281. KOLLAM: Kochupilamoodu Junction, Near VLC, Beach Road, Kollam-691001, Tel: 474-3248376, Cell:9847067534. KORBA: Shop No 6, Shriram Commercial Complex, Infront of Hotel Blue Diamond, Ground Floor, T.P. Nagar, Korba-495677, Chhattisgarh. KOTA: B-33 ‘KalyanBhawan, Triangle Part, Vallabh Nagar, Kota-324007, Tel: 0744-329 3202. KOTTAYAM: Jacob Complex, Building No - Old No-1319F, New No - 2512D,Behind MakkilCentre,GoodSheperdRoad,Kottayam – 686001 Tel: 0481-3207 011. KUMBAKONAM: Jailani Complex, 47, Mutt Street, Kumbakonam-612001, Tel: 435-3200911. KURNOOL: H.No.43/8, Upstairs, Uppini Arcade, N R Peta, Kurnool, Kurnool -518 004, Tel: 8518-312 978, 312 970. LUCKNOW: Off # 4,1st Floor,Centre Court Building, 3/c, 5 - Park Road, Hazratganj, Lucknow-226 001, Tel: 0522-391 8000, 391 8001, 391 8002, 3918003. LUDHIANA: U/ GF, Prince Market, Green Field, Near Traffic Lights, Sarabha Nagar Pulli, Pakhowal Road, Ludhiana-141 002, Tel: 0161-301 8000, 301 8001. MADURAI: Ist Floor,278, North PerumalMaistry street, Nadar Lane, Madurai-625 001, Tel: 0452-325 2468. MALDA: Daxhinapan Abasan, Opp Lane of Hotel Kalinga, SM Pally, Malda, Malda-732 101, Tel: 351- 2269071 / 03512 -214335. MANGALORE: No. G 4 & G 5, Inland Monarch, Opp. Karnataka Bank, Kadri Main Road, Kadri, Mangalore-575 003, Tel: 0824-325 1357, 325 2468. MANIPAL: Basement Floor, Academy Tower,Opposite Corporation Bank, Manipal – 576 104, Karnataka, Tel: 9243689046. MAPUSA (PARENT ISC : GOA): Office no.CF-8, 1st Floor, Business Point, Above Bicholim Urban Co-op Bank, Angod, Mapusa, Mapusa-403 507, Tel: 09326126122. MARGAO: B-301, Reliance Trade Center, Opp. Grace Nursing Home, Near Cafe Tato V.V. Road (Varde Valaulikar), Margao, Goa - 403 601,Phone no.: 0832-6480250, MATHURA: 159/160 Vikas Bazar, Mathura-281001, Tel: 0565-3207007. MEERUT: 108 Ist Floor Shivam Plaza, Opposite Eves Cinema, Hapur Road, Meerut -250002, Tel: 0121-325 7278. MEHSANA: 1st Floor, Subhadra Complex, Urban Bank Road, Mehsana, Mehsana-384 002, Tel: 2762-323985, 323117. MIRZAPUR: DhundhiKatra, Mirzapur-231001, Tel: 5442-220282. MOGA: Gandhi Road, Opp Union Bank of India, Moga, Moga-142001, Tel: 1636-310088. MORADABAD: H 21-22, Ist Floor,Ram Ganga Vihar Shopping Complex, Opposite Sale Tax Office, Moradabad - 244 001,Tel: 0591- 6450125. MUMBAI: Rajabahdur Compound, Ground Floor, Opp Allahabad Bank, Behind ICICI Bank, 30, Mumbai SamacharMarg, Fort, Mumbai-400 023, Tel: 022-30282468, 30282469, 30282471, 65257932. MUZZAFARPUR: Brahman toli, Durgasthan, Gola Road, Muzaffarpur-842001, Tel: 9386350002. MYSORE: No.1, 1st Floor, CH.26 7th Main, 5th Cross, (Above Trishakthi Medicals), SaraswatiPuram, Mysore-570009, Tel: 0821-3294503. NADIAD (PARENT TP: ANAND TP): F 142, First Floor, Ghantakarna Complex, Gunj Bazar, Nadiad - 387001, Gujrat. NAGERCOIL: 47,Court Road, Nagercoil-629 001, Tel: 4652-229549. NAGPUR: 145 Lendra, New Ramdaspeth, Nagpur-440 010, Tel: 0712-325 8275, 3258272, 2432447. NAMAKKAL: 156A / 1, First Floor, Lakshmi Vilas Building, Opp. To District Registrar Office, Trichy Road, Namakkal, Namakkal-637001, Tel: 4286-322540. NASIK: Ruturang Bungalow, 2 Godavari Colony, Behind Big Bazar, Near Boys Town School, Off College Road, Nasik-422005, Tel: 0253-325 0202. NANDED: Shop No. 303, 1st Floor, Raj Mohd. Complex, Main Road, Shrinagar, Nanded - 431 605, Maharashtra, Tel no: 9579444034, NAVSARI: 16, 1st Floor, Shivani Park, Opp. Shankheswar Complex, Kaliawadi, Navsari - 396 445, Gujarat, Tel: 02637-650144. NELLORE: 97/56, I Floor Immadisetty Towers, Ranganayakulapet Road, Santhapet, Nellore-524001, Tel: 0861-329 8154, 320 1042. NEW DELHI : 7-E, 4th Floor, DeenDayaal Research Institute Building, Swami Ram Tirath Nagar, Near Videocon Tower Jhandewalan Extension, New Delhi -110 055, Tel: 011-30482468, 30588103, 30482468. NOIDA: C-81,1st floor, Sector - 2, Noida-201301, Tel: 120-3043335. ONGOLE: Old govt hospital Road, Opp Konigetiguptha Apartments., Ongole-523001, Tel: 8592-281514. PALAKKAD: 10 / 688, Sreedevi Residency, Mettupalayam Street, Palakkad, Palakkad-678 001, Tel: 491-3261114. PALANPUR: 3rd Floor, T - 11, Opp.Goverment Quarter, College Road, Palanpur, Palanpur-385001, Tel: 2742-321811. PANIPAT: 83, Devi Lal Shopping Complex, Opp ABN Amro Bank, G.T.Road, Panipat-132103, Tel: 0180-325 0525, 400 9802. PATHANKOT: 13 - A, Ist Floor, Gurjeet Market Dhangu Road, Pathankot – 145001, Punjab. Tel no. 0186 – 3205010. PATIALA: 35, New lalBagh Colony, Patiala-147001, Tel: 0175-329 8926, 222 9633. PATNA: G-3, Ground Floor, Om ViharComplex,NearSaket Tower, SP Verma Road, Patna-800 001, Tel: 0612-325 5284, 325 5285, 3255286. PERINTHALMANNA: 1st floor, Mashreq Trade centre, Calicut Road, Perinthalmanna, Malappuram (Dist ) – 679322 Kerala, Phone no 4933315153, PHAGWARA: 152-C, Model Town, Phagwara- 144401, Punjab, Phone no: 1824-260336, PONDICHERRY: S-8, 100, Jawaharlal Nehru Street, (New Complex, Opp. Indian Coffee House), Pondicherry-605001, Tel: 0413-421 0030, 329 2468. PORT BLAIR:IIndFloor,PLA Building, Opp.ITFGround,VIP Road, Junglighat, Port Blair-744 103 Phone no.- 03192-230506 PUNE: Nirmiti Eminence, Off No. 6, I Floor, Opp Abhishek Hotel Mehandale Garage Road, Erandawane, Pune-411 004, Tel: 020-3028 3005, 3028 3003, 3028 3000. RAE BARELI: 17, Anand Nagar Complex, Rae Bareli, Rae Bareli -229001, Tel: 535-3203360. RAIPUR: HIG,C-23, Sector - 1, Devendra Nagar, Raipur-492004, Tel: 0771-3296 404, 3290830. RAJAHMUNDRY: Door No: 6-2-12, 1st Floor,RajeswariNilayam, Near Vamsikrishna Hospital, NyapathiVari Street, T Nagar, Rajahmundry-533 101, Tel: 0883-325 1357. RAJAPALAYAM: No 59 A/1, Railway Feeder Road, Near Railway Station, Rajapalayam, Rajapalayam-626117, Tel: 4563-327520. RAJKOT: Office 207 - 210, Everest Building, HariharChowk, OppShastriMaidan, LimdaChowk, Rajkot-360001, Tel: 0281-329 8158. RANCHI: 4, HB Road, No: 206, 2nd Floor ShriLok Complex, H B Road Near Firayalal, Ranchi-834001, Tel: 0651-329 8058. RATLAM: Dafria& Co, 18, Ram Bagh, Near Scholar’s School, Ratlam-457001, Tel: 07412-324817. RATNAGIRI: Kohinoor Complex, Near Natya Theatre, Nachane Road, Ratnagiri, Ratnagiri-415 639, Tel: 2352-322950. ROHTAK: 205, 2ND Floor, Blg. No. 2, Munjal Complex, Delhi Road, Rohtak-124001, Tel: 01262-318589. ROORKEE: 22 CIVIL LINES GROUND FLOOR, HOTEL KRISH RESIDENCY, Roorkee, Roorkee-247667, Tel: 1332-312386. ROURKELA: 1st Floor, MangalBhawan, Phase II, Power House Road, Rourkela-769001, Tel: 0661-329 0575. SAGAR: Opp. Somani Automobiles, Bhagwanganj, Sagar, Sagar-470 002, Tel: 7582-326894. SAHARANPUR: I Floor, Krishna Complex, Opp. Hathi Gate, Court Road, Saharanpur, Saharanpur-247001, Tel: 132-2712507. SALEM: No.2, I Floor Vivekananda Street, New Fairlands, Salem-636016, Tel: 0427-325 2271. SAMBALPUR: C/o Raj Tibrewal& Associates, Opp. Town High School, Sansarak, Sambalpur-768001, Tel: 0663-329 0591. SANGLI :Jiveshwar Krupa Bldg,Shop. No.2, Ground Floor, Tilak Chowk, Harbhat Road, Sangli – 416416, Tel: - 0233 – 6600510. SATARA: 117 / A / 3 / 22, ShukrawarPeth, Sargam Apartment, Satara-415002, Tel: 2162-320989. SHAHJAHANPUR: Bijlipura, Near Old Distt Hospital, Near Old Distt Hospital, Shahjahanpur-242001, Tel: 5842-327901. SHILLONG: D’Mar Shopping Complex, Lakari Building, 2nd Floor, Police Bazar, Shillong-793001, Tel. no. : 0364-2502511 .SHIMLA: I Floor, Opp. PanchayatBhawan Main gate, Bus stand, Shimla, Shimla -171001, Tel: 177-3204944. SHIMOGA: No.65 1st Floor, Kishnappa Compound, 1st Cross, HosmaneExtn, Shimoga - 577 201, Karnataka, Phone : 9243689049. SILIGURI: No 7, Swamiji Sarani, Ground Floor, Ground Floor, Hakimpara, Siliguri-734001, Tel: 9735316555. SIRSA: Beside Overbridge, Next to Nissan car showroom, Hissar Road, Sirsa, Sirsa -125055, Tel: 1666-327248. SITAPUR: Arya Nagar, Near AryaKanya School, Sitapur, Sitapur-261001, Tel: 5862-324356. SOLAN : 1st Floor, Above Sharma General Store, Near Sanki Rest house, The Mall, Solan, Solan -173 212, Tel: 1792-321075. SOLAPUR: Flat No 109, 1st Floor, A Wing, Kalyani Tower, 126 SiddheshwarPeth, Near Pangal High School, Solapur-413001, Tel: 0217-3204200. SEERAMPORE: 47/5/1, Raja Rammohan Roy Sarani, PO. Mallickpara, Dist. Hoogly, Seerampore-712203, Tel No: 033 - 26628176. SRIGANGANAGAR: 18 L Block, Sri Ganganagar, Sri Ganganagar -335001, Tel: 154-

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3206580. SRIKAKULAM: Door No 4-4-96, First Floor, VijayaGanapathi Back Side, Nanubala Street, Srikakulam-532 001, Tel: 8942- 650110. SULTANPUR: 967, Civil Lines, Near Pant Stadium, Sultanpur -228 001, Tel: 09389 403149. SURAT: Plot No.629,2nd Floor, Office No.2-C/2-D, Mansukhlal Tower, Beside Seventh Day Hospital, Opp.Dhiraj Sons, Athwalines, Surat-395 001, Tel: 0261-326 2267, 326 2468, 326 0352. SURENDRANAGAR: 2 M I Park, Near Commerce College, Wadhwan City, Surendranagar, Surendranagar-363035, Tel: 2752-320233. THANE: 3rd Floor, Nalanda Chambers, “B” Wing, GokhaleRoad,Near Hanuman Temple, Naupada, Thane -400 602, Tel: 22-31920050. THIRUPPUR: 1(1), Binny Compound, II Street, Kumaran Road, Thiruppur-641601, Tel: 0421-3201271. THIRUVALLA: 24/590-14, C.V.P Parliament Square Building,Cross Junction, Thiruvalla – 689 101,Kerala, Tel no: 0469 – 6061004. TINSUKIA: Dhawal Complex, Ground Floor, Durgabari, RangagoraRoad,Near Dena Bank, Tinsukia-786125, Tel: 374-2336742. TIRUNELVELI: 1 Floor, Mano Prema Complex, 182 / 6, S.N High Road, Tirunelveli-627001, Tel: 0462-320 0308. TIRUPATHI: Door No : 18-1-597, Near Chandana Ramesh Showroom, Bhavani Nagar, TirumalaByepass Road, Tirupathi-517 501, Tel: 0877-3206887. TRICHUR: Room No. 26 & 27, DEE PEE PLAZA, Kokkalai, Trichur-680001, Tel: 0487-325 1564. TRICHY: No 8, I Floor, 8th Cross West Extn, Thillainagar, Trichy-620018, Tel: 0431-329 6909. TRIVANDRUM: R S Complex, Opposite of LIC Building, Pattom PO, Trivandrum-695004, Tel: 0471-324 0202. TUTICORIN: Ground Floor, Mani Nagar, Tuticorin, Tuticorin, Tuticorin-628 008, Tel: 461-3209960. UDAIPUR: 32 Ahinsapuri, Fatehpura Circle, Udaipur-313004, Tel: 0294-3200054. UDHAMPUR: Guru Nanak Institute, NH-1A, Udhampur - 182101, Jammu, Tel no: 191-2432601, UJJAIN :123, 1st Floor, Siddhi Vinanyaka Trade Centre, Saheed Park, Ujjain -456 010, Tel: 734-3206291. UNJHA (PARENT: MEHSANA): 10/11, Maruti Complex, Opp. B R Marbles, Highway Road, Unjha, Unjha -384 170, Tel: -. VADODARA: 103 Aries Complex, BPC Road, Off R.C. Dutt Road, Alkapuri, Vadodara -390 007, Tel: 0265-301 8032, 301 8031. VALSAD: 3rd floor, Gita Nivas, opp Head Post Office, Halar Cross Lane, Valsad-396001, Tel: 02632-324623. VAPI:208, 2nd Floor, Heena Arcade, Opp. Tirupati Tower, Near G.I.D.C, Char Rasta, Vapi, Vapi-396195, Tel: 0260 - 6540104. VARANASI: Varanasi- Office no. 1, Second floor, Bhawani Market, Building No. D-58/2-A1, Rathyatra, Beside Kuber Complex, Varanasi-221010, Uttar Pradesh, VASO(PARENT GOA): No DU 8, Upper Ground Floor, Behind Techoclean Clinic, Suvidha Complex, Near ICICI Bank, Vasco da gama -403802, Tel: -. VELLORE: No.1, Officer’s Line, 2nd Floor, MNR Arcade, Opp. ICICI Bank, Krishna Nagar, Vellore-632 001, Tel: 0416-3209017. VIJAYAWADA: 40-1-68, Rao &Ratnam Complex, Near Chennupati Petrol Pump, M.G Road, Labbipet, Vijayawada-520 010, Tel: 0866-329 9181, 329 5202. VISAKHAPATNAM: CAMS Service Centre, Door No 48-3-2,Flat No 2, 1st Floor, Sidhi Plaza, Near Visakha Library, Srinagar, Visakhapatnam - 530 016 , Phone No.: 0891 6502010 WARANGAL: A.B.K Mall, Near Old Bus Depot Road, F-7, Ist Floor, Ramnagar, Hanamkonda, Warangal – 506001, Tel. no. 0870 - 6560141. YAMUNA NAGAR: 124-B/R Model Town, Yamunanagar, Yamuna Nagar-135 001, Tel: 1732-316770. YAVATMAL: Pushpam, Tilakwadi, Opp. Dr. Shrotri Hospital, Yavatma, Yavatmal-445 001, Tel: 7232-322780.

COMBINED SCHEME INFORMATION DOCUMENT OF Product Labeling

Name of the Scheme

This product is suitable for investors who are seeking*:

Riskometer


Investments in diversified portfolio of equities of high growth companies to provide a blend of long term capital appreciation and liquidity.

(An Open-ended Balanced Fund)


Investment in a mix of debt and equity through stocks of high growth companies and relatively safe portfolio of debt to provide both long term capital appreciation and liquidity.

(An open ended Equity Scheme)


Investments in high growth companies along with the liquidity of an open-ended scheme through investments primarily in equities.

Long-term growth opportunity. Investments in Indian equities,

PCDs and FCDs from selected industries with high growth potential to provide investors maximum growth opportunity.

(An open-ended Liquid Scheme)

Regular income for short term. investment in Debt and Money

Market securities.


Continuous Offer of Units at NAV related prices

Mutual Fund Trustee Company Asset Management Company

SBI Mutual Fund (‘SBI MF’)

SBI Mutual Fund Trustee Company Private Limited

('Trustee Company') CIN : U65991MH2003PTC138496

SBI Funds Management Private Limited ('AMC')

(A joint venture between SBI and AMUNDI) CIN : U65990MH1992PTC065289

Corporate Office Registered Office: Registered Office: 9th Floor, Crescenzo, C-38 & 39, G Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400051.

9th Floor, Crescenzo, C-38 & 39, G Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400051.

9th Floor, Crescenzo, C-38 & 39, G Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400051.

www.sbimf.com______________________________________________________________________________

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The particulars of the Scheme/Plans have been prepared in accordance with the Securities and Exchange Board of India (Mutual Funds) Regulations 1996, (herein after referred to as SEBI (MF) Regulations) as amended till date, and filed with SEBI, along with a Due Diligence Certificate from the AMC. The units being offered for public subscription have not been approved or recommended by SEBI nor has SEBI certified the accuracy or adequacy of the Scheme Information Document. The Scheme Information Document sets forth concisely the information about the scheme that a prospective investor ought to know before investing. Before investing, investors should also ascertain about any further changes to this Scheme Information Document after the date of this Document from the Mutual Fund / Official Points of Acceptance of Transactions of SBI Mutual Fund/ Website / Distributors or Brokers. The investors are advised to refer to the Statement of Additional Information (SAI) for details of SBI Mutual Fund, Tax and Legal issues and general information on www.sbimf.com

The Scheme Information Document should be read in conjunction with the SAI and not in isolation.

This Scheme Information Document is dated June 26, 2015.

SAI is incorporated by reference (is legally a part of the Scheme Information Document). For a free copy of the current SAI, please contact your nearest Official Points of Acceptance of Transactions of SBI Mutual Fund or log on to our website.

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TABLE OF CONTENTS

Particulars Page No. Highlights of the Scheme 3 Introduction (Chapter I) 7 Definitions 11 Due Diligence Certificate 16 Information about the Scheme (Chapter II) 17 Units and Offer (Chapter III) 42 On Going Offer Details 43 Fees and Expenses (Chapter IV) 70 Rights of Unitholders (Chapter V) 74 Penalties, Pending Litigation Or Proceedings, Findings of Inspections Or Investigations for Which action may have been taken or is in the Process of being taken by any regulatory authority (Chapter VI)

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HIGHLIGHTS OF THE SCHEME

SBI Magnum Multiplier

Fund SBI Magnum Balanced Fund

SBI Magnum Equity Fund

SBI Magnum Global Fund

Type of the Scheme

An open-ended Equity Scheme

An open ended Balanced Scheme

An open-ended equity Scheme

An open-ended equity scheme


The objective of the scheme is to provide the investor with long term capital appreciation/dividends along with the liquidity of an open-ended scheme. The Scheme will invest in diversified portfolio of equities of high growth companies.

To provide investors long term capital appreciation along with the liquidity of an open-ended scheme by investing in a mix of debt and equity. The scheme will invest in a diversified portfolio of equities of high growth companies and balance the risk through investing the rest in a relatively safe portfolio of debt.

The objective of the scheme is to provide the investor long term capital appreciation by investing in high growth companies along with the liquidity of an open-ended scheme through investments primarily in equities and the balance in debt and money market instruments.

To provide the investors maximum growth opportunity through well researched investments in Indian equities, PCDs, and FCDs from selected industries with high growth potential, and Bonds.

Investment in

The scheme would invest the monies in a diversified basket of equity and equity related instruments, debt and money market instruments



The scheme would invest the monies in Equity partly convertible debentures, fully convertible debentures and money market instrument.

Liquidity Open-ended. Fresh purchases and redemption at NAV related price on all business day Plans / Options

The Schemes has two plans viz. Regular plan & Direct plan. Direct Plan: Direct Plan is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. All the features of the Direct Plan under Scheme like the investment objective, asset allocation pattern, investment strategy, risk factors, facilities offered, load structure etc. will be the same except for a lower expense ratio as detailed in Section IV – Fees and Expenses – B. – Annual Recurring Expenses. Brokerage/Commission paid to distributors will not be paid / charged under the Direct Plan. Both the plans shall have a common portfolio.



How to apply: Investors desirous of subscribing under Direct Plan of a Scheme will have to ensure to


Investors should also indicate “Direct” in the ARN column of the application form. Regular Plan This Plan is for investors who wish to route their investment through any distributor. Both plans provide two options for investment – Growth Option and Dividend Option. Under the Dividend option, facility for reinvestment, payout & transfer of dividend is available. Between “Growth” or “Dividend” option, the default will be treated as “Growth”. In “Dividend” option

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between “Reinvestment”, “Payout” or “Transfer”, the default will be treated as “Payout. In case of Regular and Direct plan the default plan under following scenarios will be:

Scenario Broker Code mentioned by the

investor












Dividend Frequency

Frequency at the discretion of Trustee. Dividend will be declared subject to availability and the adequacy of the surplus in the scheme

Transparency The AMC will endeavor to publish the NAV in a two daily news papers and also update the NAV’s on the website of Association of Mutual Funds of India (www.amfiindia.com) by 9.00 p.m. on every business day. NAVs will also be displayed on the Website of the Mutual Fund. The Mutual Fund shall disclose portfolio as on the last day of the month of the respective Fund(s) under the Scheme on its website viz. www.sbimf.com on or before the tenth day of the succeeding month in the prescribed format. As per SEBI (Mutual Fund) Regulations, 1996, a complete statement of the Scheme portfolio would be published by the Mutual Fund as an advertisement in one English daily Newspaper circulating in the whole of India and in a newspaper published in the language of the region where the Head Office of the Mutual Fund is situated within one month from the close of each half year (i.e. March 31 & September 30) or mailed to the Unit holders. The AMC shall update the NAV on the website of Association of Mutual Funds in India AMFI (www.amfiindia.com) by 9.00 p.m. everyday.

SBI Magnum Multiplier Fund

SBI Magnum Balanced Fund



SIP/SWP/STP facilities

Available Available Available Available

Minimum Investment Size (Non SIP)

Rs. 5000/- & in multiples of Re. 1



Rs. 5000 & in multiples of Re. 1

Additional Purchase




Rs.1000/- & in multiples of Re. 1

Minimum redemption size (Non SWP)

Rs. 1000 /- or 100 units or account balance which ever is lower

Rs. 1000/- or 100 units or account balance which ever is lower

Rs. 1000/- or 100 units or account balance which ever is lower

Rs.1000/- or 100 units or account balance which ever is lower

Cheque /Draft in favour of

“SBI Magnum Multiplier Fund”

“SBI Magnum Balanced Fund”

SBI Magnum Equity Fund”

SBI Magnum Global Fund”

Switches Allowed Allowed Allowed Allowed

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SBI Premier Liquid Fund Type of the Scheme An open-ended Liquid Scheme Investment Objective The investment objective of the scheme will be to provide attractive returns to the

Magnum/Unit holders either through periodic dividends or through capital appreciation through an actively managed portfolio of debt and money market instruments

Investment in The scheme would invest the monies in Cash and alternate to Call Money Market instrument, Corporate debenture and Bonds /PSU, FI Government guaranteed Bonds, Government Securities including Securitized Debt, International bonds and Derivative instruments.

Liquidity Open-ended. Fresh purchases and redemption at NAV related price on all business day

Plans /Options The Scheme has two plans viz. Regular plan & Direct plan. Direct Plan: Direct Plan is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. All the features of the Direct Plan under Scheme like the investment objective, asset allocation pattern, investment strategy, risk factors, facilities offered, load structure etc. will be the same except for a lower expense ratio as detailed in Section IV – Fees and Expenses – B. – Annual Recurring Expenses.. Brokerage/Commission paid to distributors will not be paid / charged under the Direct Plan. Both the plans shall have a common portfolio.



How to apply: Investors desirous of subscribing under Direct Plan of a Scheme will have to

ensure to indicate “Direct Plan” against the Scheme name in the application form.

Investors should also indicate “Direct” in the ARN column of the application form.

Regular Plan This Plan is for investors who wish to route their investment through any distributor. Both plans provide two options for investment – Growth Option and Dividend Option. Under the Dividend option, facility for reinvestment, payout & transfer of dividend is available. Between “Growth” or “Dividend” option, the default will be treated as “Growth”. In “Dividend” option between “Reinvestment”, “Payout” or “Transfer”, the default will be treated as “Payout. In case of Regular and Direct plan the default plan under following scenarios will be:





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Dividend Frequency Daily, Weekly and Fortnightly $# Transparency The NAV will be calculated and disclosed on daily basis. The AMC will endeavor to

publish the NAV in a two daily news papers and also update the NAV’s on the website of Association of Mutual Funds of India (www.amfiindia.com) by 9.00 p.m.. NAVs will also be displayed on the Website of the Mutual Fund. The Mutual Fund shall disclose portfolio as on the last day of the month of the respective Fund(s) under the Scheme on its website viz. www.sbimf.com on or before the tenth day of the succeeding month in the prescribed format. As per SEBI (Mutual Fund) Regulations, 1996, a complete statement of the Scheme portfolio would be published by the Mutual Fund as an advertisement in one English daily Newspaper circulating in the whole of India and in a newspaper published in the language of the region where the Head Office of the Mutual Fund is situated within one month from the close of each half year (i.e. March 31 & September 30) or mailed to the Unit holders. The AMC shall update the NAV on the website of Association of Mutual Funds in India AMFI (www.amfiindia.com) by 9.00 p.m.

SIP/SWP/STP facilities Not Available Minimum Investment Size (Non SIP)

Rs. 50,000 & in multiples of Re. 1

Additional Purchase Rs. 10,000 & in multiples of Re. 1 Minimum redemption size (Non SWP)

Rs. 10,000 or 10 units or account balance whichever is lower

Cheque /Draft in favour of “SBI Premier Liquid Fund” Switches Allowed $ Daily Dividend would be automatic reinvested. Payout under the Weekly and Fortnightly Dividends would be effected only for investments of Rs. 1 crore and above. Dividend distribution is subject to the availability of distributable surplus and at the discretion of the Fund Manager. # Frequency at the discretion of Trustee. Dividend will be declared subject to availability and the adequacy of the surplus in the scheme.

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I. INTRODUCTION A. RISK FACTORS 1. Standard Risk Factors

a. Mutual funds and securities investments are subject to market risks and there is no assurance or guarantee that the Fund’s objective will be achieved.

b. As the price / value / interest rates of the securities in which the scheme invests fluctuates, the value of

your investment in the scheme may go up or down c. Past performance of the Sponsor / AMC / Mutual Fund or its affiliates does not guarantee the future

performance of the scheme(s) of the Mutual Fund. d. State Bank of India, the sponsor, is not responsible or liable for any loss resulting from the operation of

the scheme beyond the initial contribution made by it of an amount of Rs. 5 lakhs towards setting up of the mutual fund.

e. SBI Magnum Multiplier Fund, SBI Magnum Balanced Fund, SBI Magnum Equity Fund, SBI Magnum Global

Fund, SBI Premier Liquid Fund are only the name of the Scheme and does not, in any manner, indicate either the quality of the Scheme or its future prospects and returns.

f. The NAV of the Schemes’ Units may be affected by change in the general market conditions, factors and

forces affecting capital markets in particular, level of interest rates, various market related factors and trading volumes.

g. The present scheme is not a guaranteed or assured return scheme. h. Investment in Mutual Fund Units involves investment risks such as trading volumes, settlement risk,

liquidity risk, default risk including the possible loss of principal. 2. Common Scheme-specific Risk Factors

a. The Trustees, AMC, Fund, their directors or their employees shall not be liable for any tax consequences that may arise in the event that the scheme is wound up for the reasons and in the manner provided under the Scheme Information Document.

b. In the event of an inordinately large number of redemption requests, or of a restructuring of the scheme's

investment portfolio, these periods may become significant. In view of the same, the Trustees have the right in their sole discretion to limit redemptions (including suspending redemptions) under certain circumstances.

The liquidity of the Scheme’s investments is inherently restricted by trading volumes and settlement periods.

c. Redemption by the Magnum/Unit holder due to change in the fundamental attributes of the Scheme or

due to any other reasons may entail tax consequences. The Trustees, AMC, Fund their directors or their employees shall not be liable for any tax consequences that may arise.

d. The tax benefits described in this Scheme Information Document are as available under the present

taxation laws and are available subject to relevant condition. The information given is included only for general purpose and is based on advice received by the AMC regarding the law and practice currently in force in India and the Investors and Unit Holders should be aware that the relevant fiscal rules or their interpretation may change. As in the case with any investment, there can be no guarantee that the tax position or the proposed tax position prevailing at the time of the investment in the Scheme will endure indefinitely. In view of the individual nature of tax consequences, each Investor / Unit holder is advised to consult his/her/its own professional tax advisor.

e. Stock Lending: There are risks inherent to securities lending, including the risk of failure of the other

party, in this case the approved intermediary, to comply with the terms of the agreement. Such failure can result in the possible loss of rights to the collateral, the inability of the approved intermediary to return the securities deposited by the lender and the possible loss of any corporate benefits accruing thereon.

f. Investments under the scheme may also be subject to the following risks:

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i. Equity and equity related risk: Equity instruments carry both company specific and market risks and hence no assurance of returns can be made for these investments.

ii. Credit risk: Credit risk is risk resulting from uncertainty in counterparty's ability or willingness to

meet its contractual obligations. This risk pertains to the risk of default of payment of principal and interest. Government Securities have zero credit risk while other debt instruments are rated according to the issuer's ability to meet the obligations.

iii. Liquidity Risk pertains to how saleable a security is in the market. If a particular security does not

have a market at the time of sale, then the scheme may have to bear an impact depending on its exposure to that particular security.

iv. Interest Rate risk is associated with movements in interest rate, which depend on various factors

such as government borrowing, inflation, economic performance etc. The values of investments will appreciate/depreciate if the interest rates fall/rise.

v. Reinvestment risk: This risk arises from uncertainty in the rate at which cash flows from an

investment may be reinvested. This is because the bond will pay coupons, which will have to be reinvested. The rate at which the coupons will be reinvested will depend upon prevailing market rates at the time the coupons are received.

vi. Derivative risks: The derivatives will entail a counterparty risk to the extent of amount that can

become due from the party. The cost of hedge can be higher than adverse impact of market movements. An exposure to derivatives in excess of the hedging requirements can lead to losses. An exposure to derivatives can also limit the profits from a genuine investment transaction. Efficiency of a derivatives market depends on the development of a liquid and efficient market for underlying securities and also on the suitable and acceptable benchmarks. The risks associated with the use of derivatives are different from or possibly greater than, the risks associated with the investing directly in securities and other traditional investments. Derivatives are highly leveraged instruments. Even a small price movement in the underlying security could have a large impact on their value. Also, the market for derivative instruments is nascent in India.

g. Securitized Debt:

Liquidity risk: There is no assurance that a deep secondary market will develop for the instrument. This could limit the ability of the investor to resell them. Limited Recourse: The instruments represent an undivided beneficial interest in the underlying receivables and do not represent an obligation of either the Issuer or the Seller or the originator, or the parent or any affiliate of the Seller, Issuer and Originator. No financial recourse is available to the buyer of the security against the Investors’ Representative. Delinquency and Credit Risk: Delinquencies and credit losses may cause depletion of the amount available under the Credit Enhancement and thereby the Monthly Investor Payouts to the Holders may get affected if the amount available in the Credit Enhancement facility is not enough to cover the shortfall. On persistent default of an Obligor to repay his obligation, the Servicer may repossess and sell the Vehicle/ Asset. However many factors may affect, delay or prevent the repossession of such Vehicle/Asset or the length of time required to realize the sale proceeds on such sales. In addition, the price at which such Vehicle/Asset may be sold may be lower than the amount due from that Obligor. Risks due to possible prepayments: Full prepayment of a contract may lead to an event in which investors may be exposed to changes in tenor and yield. Bankruptcy of the Originator or Seller: If the service provider becomes subject to bankruptcy proceedings and the court in the bankruptcy proceedings concludes that either the sale from each Originator was not a sale then an Investor could experience losses or delays in the payments due under the instrument.

h. The Mutual Fund is not assuring any dividend nor is it assuring that it will make any dividend distributions. All dividend distributions are subject to the availability of distributable surplus and would depend on the performance of the scheme.

i. Different types of securities in which the scheme would invest as given in the Scheme Information

Document carry different levels of risk. Accordingly the scheme's risk may increase or decrease depending upon the investment pattern. For e.g. corporate bonds carry a higher amount of risk than Government Securities. Further even among corporate bonds, bonds, which are AAA rated, are comparatively less risk than bonds, which are AA rated

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j. Subject to necessary approvals, the Scheme may invest in overseas markets, which carry a risk on account of

fluctuations in the foreign exchange rates.

k. Risk factors associated with repo transactions in corporate debt securities: Corporate Bond Repo transactions are currently done on OTC basis and settled on non guaranteed basis. Credit risks could arise if the counterparty does not return the security as contracted on due date. The liquidation of underlying bonds in case of counterparty default would depend on the liquidity of the bond and market conditions at that time. This risk is largely mitigated, as the choice of counterparties is largely restricted and also haircuts are applicable on the underlying bonds depending on credit ratings. Also operational risks are lower as such trades are settled on a DVP basis. In the event of the scheme being unable to pay back the money to the counterparty as contracted in case of transactions as a borrower, the counter party may dispose of the assets (as they have sufficient margin) and the net proceeds may be refunded to the Mutual Fund. Thus, the scheme may in remote cases suffer losses. This risk is normally mitigated by better cash flow planning to take care of such repayments.

3. Scheme Specific Risk Factors

SBI Magnum Multiplier Fund SBI Magnum Multiplier Fund will be investing in equity & equity related instruments, derivatives as also debt instruments (including securitized debt), Government Securities and money market instruments (such as repos, reverse repos and any alternative to the call money market as may be directed by the RBI). SBI Magnum Balanced Fund SBI Magnum Balanced Fund will be investing in equity & equity related instruments as also debt instruments (including securitized debt), Government Securities and money market instruments (such as alternate to call money market, term/notice money market, repos, reverse repos and any alternative to the call money market as may be directed by the RBI). SBI Magnum Equity Fund SBI Magnum Equity Fund will be investing in primarily in equity & equity related instruments derivatives as also debt instruments (including securitized debt), Government Securities and money market instruments (such repos, reverse repos and any alternative to the call money market as may be directed by the RBI) and derivative instruments. SBI Magnum Global Fund SBI Magnum Global Fund will be investing in equity & equity related instruments, derivatives as also debt instruments (including securitized debt), money market instruments (such as call repos, reverse repos and any alternative to the call money market as may be directed by the RBI) SBI Premier Liquid Fund (erstwhile Magnum Institutional Income Fund-Savings Plan) SBI Premier Liquid Fund (erstwhile Magnum Institutional Income Fund-Savings Plan) will be investing in debt instruments (including Securitized debt), Government Securities and money market instruments (such as repos, reverse repos and any alternative to the call money market as may be directed by the RBI). Trading volumes and settlement periods inherently restricts the liquidity of the scheme's investments.

4. RISK CONTROL: Investments in equity and equity related securities and debt securities carry various risks such as inability to sell securities, trading volumes and settlement periods, interest rate risk, liquidity risk, default risk, reinvestment risk etc. Whilst such risks cannot be eliminated, they may be mitigated by diversification and hedging. In order to mitigate the various risks, the portfolio of the Scheme will be constructed in accordance with the investment restriction specified under the Regulations which would help in mitigating certain risks relating to investments in securities market.

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Further, the AMC has necessary framework in place for risk mitigation at an enterprise level. The Risk Management division is an independent division within the organization. Internal limits are defined and judiciously monitored. Risk indicators on various parameters are computed and are monitored on a regular basis. There is a Board level Committee, the Risk Management Committee of the Board, which enables a dedicated focus on risk factors and the relevant risk mitigants. For risk control, the following may be noted: Liquidity risks: The liquidity of the Scheme’s investments may be inherently restricted by trading volumes, transfer procedures and settlement periods. Liquidity Risk can be partly mitigated by diversification, staggering of maturities as well as internal risk controls that lean towards purchase of liquid securities. Concentration Risk The scheme would be investing across PSUs and would endeavour to have an optimum degree of diversification across sectors and market capitalization ranges in order to mitigate Concentration Risk. Interest Rate Risk: Changes in interest rates affect the prices of bonds as well as equities. If interest rates rise the prices of bonds fall and vice versa. Equity might be negatively affected as well in a rising interest rate environment. A well-diversified portfolio may help to mitigate this risk. Further, the Scheme may use Interest rate derivatives to mitigate the interest rate risks and rebalance the portfolio. Political/Government Policy Risk: Changes in government policy and political decision can change the investment environment. They can create a favorable environment for investment or vice versa. Volatility risks: There is the risk of volatility in markets due to external factors like liquidity flows, changes in the business environment, economic policy etc. The scheme will manage volatility risk through diversification across companies and sectors within PSUs. The scheme may also use derivatives for the purpose of hedging in volatile markets.

B. REQUIREMENT OF MINIMUM INVESTORS IN THE SCHEME The Scheme shall have a minimum of 20 investors and no single investor shall account for more than 25% of the corpus of the Scheme. In case the Scheme does not have a minimum of 20 investors in the stipulated period, the provisions of Regulation 39(2)(c) of the SEBI (MF) Regulations would become applicable automatically without any reference from SEBI and accordingly the Scheme shall be wound up and the units would be redeemed at applicable NAV. The two conditions mentioned above shall also be complied within each subsequent calendar quarter thereafter, on an average basis, as specified by SEBI. If there is a breach of the 25% limit by any investor over the quarter, a rebalancing period of one month would be allowed and thereafter the investor who is in breach of the rule shall be given 15 days notice to redeem his exposure over the 25 % limit. Failure on the part of the said investor to redeem his exposure over the 25 % limit within the aforesaid 15 days would lead to automatic redemption by the Mutual Fund on the applicable Net Asset Value on the 15th day of the notice period. The Fund shall adhere to the requirements prescribed by SEBI from time to time in this regard. C. SPECIAL CONSIDERATIONS, IF ANY: Investors should study the Scheme Information Document carefully in its entirety and should not construe the contents thereof as advice relating to legal, taxation, investment or any other matters. Investors are advised to consult their legal, tax, investment and other professional advisors to determine possible legal, tax, financial or other considerations of subscribing to or redeeming Units, before making a decision to invest/redeem Units.

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D. DEFINITIONS AND EXPLANATIONS OF TERMS USED

Applicable NAV for sale of Magnums/units: For Others (except Liquid Schemes) For subscription below Rs. Two Lakhs:

In respect of valid applications received upto the cut-off time, by the Mutual Fund at any of the official point of acceptance alongwith a local cheque or a demand draft payable at par at the place where the application is received, the closing NAV of the day on which application is received shall be applicable. In respect of valid applications received after the cut-off time, by the Mutual Fund at any of the official point of acceptance alongwith a local cheque or a demand draft payable at par at the place where the application is received, the closing NAV of the next business day shall be applicable.

For subscription of Rs Two Lakhs and above :In respect of purchase of units

of mutual fund schemes (other than liquid schemes), the closing NAV of the day on which the funds are available for utilization shall be applicable provided the funds are realised up to 3.00 pm on a business day, subject to the transaction being time stamped appropriately.

For Purchase (For Liquid Schemes)

1. Where the application is received upto 2.00 p.m. on a day and funds for the entire amount of subscription/purchase as per the application are credited to the bank account of the respective liquid schemes/plans before the cut-off time i.e. available for utilization before the cut-off time – the closing NAV of the day immediately preceding the day of receipt of application shall be applicable;

2. Where the application is received after 2.00 p.m. on a day and funds for the entire amount of subscription/purchase as per the application are credited to the bank account of the respective liquid schemes/plans on the same day i.e. available for utilization on the same day– the closing NAV of the day immediately preceding the next business day shall be applicable;

3. Irrespective of the time of receipt of application, where the funds for the

entire amount of subscription/purchase as per the application are not credited to the bank account for the respective liquid schemes/plans before the cut-off time i.e. not available for utilization before the cut-off time – the closing NAV of the day immediately preceding the day on which the funds are available for utilization shall be applicable.

For allotment of units in respect of Switch – in to Liquid Schemes

from other schemes: It is necessary that:

1. Application for switch-in is received before the applicable cut-off time.

2. Funds for the entire amount of subscription/purchase as per the switch-in request are credited to the bank account of the respective switch-in schemes before the cut-off time.

3. The funds are available for utilization before the cut-off time, by the respective switch-in schemes

Applicable NAV for Redemption For SBI Premier Liquid Fund Of magnums/units: In respect of valid application received under the Scheme, the following

repurchase NAV shall be applicable: 1. Where the application is received upto 3.00 pm – the closing NAV of the

day immediately preceding the next business day ; and

2. Where the application is received after 3.00 pm – the closing NAV of the next business day.

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For Others: In respect of valid applications received upto the cut-off time by

the Mutual Fund, same day’s closing NAV shall be applicable. In respect of valid applications received after the cut off time by the Mutual Fund, the closing NAV of the next business day shall be applicable.

Asset Management Company or The AMC/ SBIFMPL : SBI Funds Management Private Limited, the Asset Management Company,

incorporated under the Companies Act, 1956 and authorized by SEBI to act as Investment Manager to the Schemes of SBI Mutual Fund.

Business Day : For all Schemes except SBI Premier Liquid Fund A day other than (i) Saturday or Sunday; (ii) a day on which both the National Stock Exchange of

India Limited and the Bombay Stock Exchange Limited are closed (iii) a day on which the Purchase/Redemption/Switching of Units is suspended (iv) a day on which banks in Mumbai and / RBI are closed for business/clearing except when National Stock Exchange of India Limited and the BSE Limited are open (v) a day which is a public and /or bank holiday at OPAT of SBI MF where the application is received (vi) a day on which normal business cannot be transacted due to storms , floods, natural calamities , bandhs, strikes or such other events as the AMC may specify from time to time.

The AMC reserves the right to declare any day as a Business day or otherwise

at any of the OPAT of SBI MF.” For SBI Premier Liquid Fund A day other than

(i) Saturday or Sunday; (ii) a day on which both the National Stock Exchange of India Limited and the BSE Limited are closed (iii) a day on which the Purchase/Redemption/Switching of Units is suspended (iv) a day on which banks in Mumbai and / RBI are closed for business/clearing (v) a day which is a public and /or bank holiday at OPAT of SBI MF where the application is received (vi) a day on which normal business cannot be transacted due to storms , floods, natural calamities , bandhs, strikes or such other events as the AMC may specify from time to time. The AMC reserves the right to declare any day as a Business day or otherwise at any of the OPAT of SBI MF.

Cut-off time : For all schemes except SPLF: 3.00 p.m. and for SPLF, Purchase: 2. 00 pm &

redemption: 3.00 pm CNX Nifty Index : An index owned, composed and operated by India Index Services and Products

Ltd. Date of Application : The date of receipt of a valid application complete in all respect for issue or

repurchase of Magnum/ Units of this scheme by SBIFMPL at its various offices/branches or the designated centers of the Registrar.

Derivatives : Derivatives are financial contracts of pre-determined fixed duration, whose

values are derived from the value of an underlying primary financial instrument, commodity or index, such as: interest rates, exchange rates, commodities, and equities.

Equity & Equity related Instruments : Equity and Equity Related Instruments include stocks and shares of companies,

foreign currency convertible bonds, ADR/GDR, derivative instruments like stock future/options and index futures and options, warrants, convertible preference shares.

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Entry Load : Entry Load means a one-time charge that the investor pays at the time of entry into the scheme. In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, No entry load will be charged with respect to applications for purchase / additional purchase / switch-in accepted by the Fund.

Exit Load : A charge paid by the investor at the time of exit from the scheme(s). Forward Rate Agreement/FRA : A FRA is an agreement to pay or receive the difference between the agreed

fixed rate and actual interest prevailing at a stipulated future date. The interest rate is fixed now for a future agreed period wherein only the interest is settled between the counter parties.

Gilts / Govt. Securities : Securities created and issued by the Central Government and/or State

Government, as defined under section 2 of Public Debt Act 1944 as amended or re-enacted from time to time.

Interest Rate Swaps : Interest Rate Swaps (“IRS”) is a financial contract between two parties

exchanging a stream of interest payments for a notional principal amount on multiple occasions till maturity. Typically, one party receives a pre-determined fixed rate of interest while the other party receives a floating rate, which is linked to a mutually agreed benchmark with provision for mutually agreed periodic resets.

SMBALF : SBI Magnum Balanced Fund, an Open-ended Balanced Scheme. SMEF : SBI Magnum Equity Fund, an Open-ended Equity scheme. SMGLF : SBI Magnum Global Fund, an Open-ended Equity Scheme. SMMF : SBI Magnum Multiplier Fund, an Open-ended Equity Scheme. SPLF : SBI Premier Liquid Fund, an Open-ended Liquid Scheme. Magnum / Units : One undivided unit issued under the Scheme by the SBI Mutual Fund Magnum Holder / Unit Holder : Any eligible applicant who has been allotted and holds a valid Magnum / units

in his /her/its name. Major : means the age at which a person is deemed to attain majority under the

provisions of the Indian Majority Act, 1875, as amended from time to time. Majority Age : means the age at which a person is deemed to attain majority under the

provisions of the Indian Majority Act, 1875, as amended from time to time. Money Market Instruments : Commercial Paper, Commercial Bills, Certificates of Deposit, Treasury Bills,

Bills Rediscounting, Repos, Collateralised Borrowing & Lending Obligation (CBLO), Government securities having an unexpired maturity of less than 1 year, alternate to Call or notice money, Usance Bills and any other such short-term instruments as may be allowed under the Regulations prevailing from time to time.

NAV related price : The Repurchase Price and the Sale Price are calculated on the basis of NAV

and are known as NAV related prices. The Repurchase Price is calculated by deducting the exit load factor (if any) from the NAV and the Sale Price is the price at which the Units can be purchased based on Applicable NAV.

Net Asset Value / NAV : Net Asset Value of the Units of the Scheme(s) (including plans / options

thereunder) calculated in the manner provided in this Scheme Information Document or as may be prescribed by the SEBI (Mutual Funds) Regulations, 1996 from time to time.

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Non Resident Indian / NRI : A person resident outside India who is a citizen of India or is a person of Indian

origin as per the meaning assigned to the term under Foreign Exchange Management (Investment in firm or proprietary concern in India) Regulations, 2000.

NSE MIBOR : NSE MIBOR is an acronym for National Stock Exchange (NSE) Mumbai Inter Bank

Offer Rate. This rate is computed by NSE on basis of indication by various market participants and published daily.

Official Points of Acceptance of Transactions (OPAT) : means SBIFMPL Registered Office/ SBIFMPL Investor Service Centers/Investor

Service Desks, website of the Mutual Fund i.e. www.sbimf.com , SBIFMPL overseas point of acceptance or the designated centers of the Registrars.

Options : An Option gives holder the right (but not the obligation) to buy or sell a

security or other asset during a given time for a specified price called the 'Strike' price.

Sale Price : The price at which the Magnums / Units can be purchased and calculated in the

manner provided in this Scheme Information Document. Scheme Information Document/ the Scheme : This document issued by SBI Funds Management (P) Ltd. / SBI Mutual Fund,

containing the terms of offering Magnums / Units of the, SBI Magnum Multiplier Fund, SBI Magnum Balanced Fund, SBI Magnum Equity Fund, SBI Magnum Global Fund, SBI Premier Liquid Plan {erstwhile Magnum Institutional Income Fund} (‘the schemes’) of SBI Mutual Fund as per the terms contained herein. Modifications to the Scheme Information Document, if any, shall be made by way of an addendum which will be attached to the Scheme Information Document. On issuance and attachment of addendum, the Scheme Information Document will be deemed to be an updated Scheme Information Document.

RBI : Reserve Bank of India, established under Reserve Bank of India Act, 1934. Repurchase/Exit Load : The repurchase load means a charge paid by the investor at the time of exit

from the scheme. Redemption /Repurchase Price : The price (being Applicable NAV minus Exit Load, if any) at which the units can

be redeemed and calculated in the manner provided in this Scheme Information Document.

Registrars : The registrars and transfer agents to the scheme whose appointment is approved by the Trustees of SBIMF. M/s Computer Age Management Services (Pvt.) Ltd. (SEBI Registration Number: INR 000002813). (Computer Age Management Services Pvt. Ltd. Rayala Towers, 158, Anna Salai, Chennai – 600002 and (having Registered Office: A & B Lakshmi Bhavan, 609, Anna Salai, Chennai - 600 006, India), has been appointed as Registrars and Transfer Agents to the Schemes

Repos : Sale of Government Securities with simultaneous agreement to repurchase

them at a later date. Reverse Repos : Purchase of government securities with simultaneous agreement to sell them

at a later date. Sales /Entry Load : Sales Load means a one-time charge that the investor pays at the time of entry

into the scheme. Sale Price : The Sale Price is the price an investor pays for a Magnum / Unit of the scheme

at the time of entry.

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SBIMFTCPL/Trustees : SBI Mutual Fund Trustee Company Private Limited, a wholly owned subsidiary of SBI, incorporated under the provisions of the Companies Act, 1956. The registered office of SBIMFTCPL is situated at 9th Floor, Crescenzo, C – 38 & 39, G Block, Bandra Kurla Complex, Bandra (East), Mumbai - 400051. SBIMFTCPL is the Trustee to the SBIMF vide the Restated and Amended Trust Deed dated December 29, 2004, to supervise the activities of The Fund as disclosed in the section “Constitution of the Mutual Fund” in the Scheme Information Document.

SEBI : Securities and Exchange Board of India established under Securities and

Exchange Board of India Act, 1992. SEBI Regulations : Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 for

the time being in force and as amended from time to time, [including by way of circulars or notifications issued by SEBI, the Government of India].

Securitized Debt : A financial instrument (bond) whose interest and principal payments are

backed by an underlying cash flow from another asset. More information on this asset class is disclosed in the Section on Investment Objectives and Policies.

Sponsor / Settlor : State Bank of India, having its Corporate Office at State Bank Bhavan, Madame

Cama Road, Mumbai - 400 021, which has made an initial contribution of Rs. 5 lacs towards the trust fund and has appointed the Trustees to supervise the activities of The Fund.

Switches Switch In - Investments in the scheme from any other existing scheme(s) of SBI

Mutual Fund at applicable NAV. Switch Out - Repurchase/Redemption from the scheme to any other existing

scheme(s) of SBI Mutual Fund at applicable NAV. The Custodians : The custodians to the scheme(s) whose appointment is approved by the

Trustees of SBI Mutual Fund. SBI-SG Global Securities Services Pvt. Ltd. (SEBI Registration Number: IN/CUS/022) having Registered Office at 12th Floor, State Bank Bhavan, Madame Cama Road, Mumbai – 400021 and Corporate Office at Jeevan Seva, Annexe Building, Ground Floor, S. V. Road, Santacruz (West), Mumbai – 400054 has been appointed as Custodian to the Schemes.

The Fund : Means SBI Mutual Fund (SBIMF); constituted as a Trust with SBI Mutual Fund

Trustee Company Private Limited as Trustee and registered with SEBI. The Offer : The issue of Magnums/Units of the Scheme(s) as per the terms contained in

this Combined Scheme Information Document. Unit Capital : The aggregate face value of the Units issued and outstanding under the

scheme(s).

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E. DUE DILIGENCE BY THE ASSET MANAGEMENT COMPANY It is confirmed that:

I. The Scheme Information Document forwarded to SEBI is in accordance with the SEBI (Mutual Funds) Regulations, 1996 and the guidelines and directives issued by SEBI from time to time.

II. All legal requirements connected with the launch of the scheme as also the guidelines, instructions, etc.,

issued by the Government and any other competent authority in this behalf, have been duly complied with.

III. The disclosures made in the Scheme Information Document are true, fair and adequate to enable the

investors to make a well informed decision regarding investment in the scheme.

IV. The intermediaries named in the Scheme Information Document and Statement of Additional Information are registered with SEBI and their registration is valid, as on date.


Signature : Sd/-

Name : Dinesh Kumar Khara Managing Director & CEO

Date: June 25, 2015 Place: Mumbai.

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II. INFORMATION ABOUT THE SCHEME

1. SBI MAGNUM MULTIPLIER FUND (Previously known as SBI Magnum Multiplier Plus Scheme 1993) A. The Scheme: This scheme has been formulated by conversion of Magnum Multiplier Plus Scheme1993, a close-ended scheme, to an open-ended scheme. The close-ended Magnum Multiplier Plus Scheme1993 was launched on 14th January 1993. The scheme commenced repurchases from 1st March 1996. B. TYPE OF THE SCHEME - An Open-ended equity scheme. C. INVESTMENT OBJECTIVE OF THE SCHEME The objective of the scheme is to provide the investor with long- term capital appreciation/dividends along with the liquidity of an open-ended scheme. SBI Mutual Fund will invest the subscriptions received under the scheme in select securities, primarily in equities, CDs, PCDs, NCDs listed on Indian Stock Exchanges, other capital market related instruments, FDs of scheduled commercial banks, call and other money market instruments etc. D. SCHEME ASSET ALLOCATION & INVESTMENT STRATEGIES Funds collected under the scheme shall generally be invested, after providing for all initial issue expenses, consistent with the objective of the scheme. The investment pattern of the scheme will be as follows:

Instruments Indicative Allocations (% of Total Net

Assets) Min & Max Risk Profile

High/Medium/Low Equities and equity related instruments

Not less than 70% Medium to High

Debt instruments (including Securitized Debt) and Govt. Securities Debt

Not more than 30% Low to Medium

Securitized Debt Not more than 10% of investments in debt instrument

Medium to High

Money Market instruments^ Balance Low

^ Money Market Instruments will include Commercial Paper, Commercial Bills, Certificates of Deposit, Treasury Bills, Bills Rediscounting, Repos, Government securities having an unexpired maturity of less than 1 year, alternate to Call or notice money, Usance Bills and any other such short-term instruments as may be allowed under the regulations prevailing from time to time. However, the above investment pattern may be changed at the discretion of the Fund Manager in the interest of the investors provided such changes do not result in a change in the fundamental attributes / investment profile of the scheme and are short term changes on defensive consideration. Investment in equities would be through primary as well as secondary market, private placement, preferential/firm allotments etc. The funds raised under the scheme shall be invested only in transferable securities as per Regulation 44(1) of the SEBI (Mutual Funds) Regulations, 1996. The fund may invest in foreign securities and may use any hedging techniques that are permissible now or in the future may become permissible under SEBI Regulations. Investment in debentures and corporate bonds will be in investment grade rated securities. In case of short-term instruments, investments will be restricted to the instruments having CRISIL rating of P-2 and above and/or ICRA rating of A- 2 and above or equivalent rating by other rating agencies. E. TYPE OF THE INSTRUMENTS IN WHICH SCHEME WILL INVEST Equities and equity related instruments, Debt instruments including securitized debt instruments, repo in corporate debt securities and Money Market instruments

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F. FUNDAMENTAL ATTRIBUTES The fundamental attributes and salient features of the scheme are set out below for the purpose of inviting subscriptions to the scheme from the public. The following attributes will be considered as fundamental attributes: a) Type of scheme: Open-ended equity scheme. b) Investment Objective: -To generate long-term capital appreciation through investment in equities of high

growth companies and debt and money market instruments.

o Main Objective – Growth

o Investment pattern - The indicative portfolio break-up with minimum and maximum asset allocation, while retaining the option to alter the asset allocation for a short term period on defensive considerations for detailed asset allocation pattern refer Section D above.

c) Terms of Issue:

Sale of Units: Units would be offered for subscription on all business days at NAV related prices. Liquidity: The scheme would provide repurchase facility to investors on an ongoing basis on all business day Aggregate fee and expenses: Would be restricted to the ceilings of recurring expenses stated in Regulation 52(6) of the SEBI (Mutual Funds) Regulation. The fee and expenses proposed to be charged by the scheme is detailed in Section Fee and Expenses.

d) Any safety net or guarantee provided

This Scheme does not provide any guaranteed or assured return to its investors.

In accordance with Regulation 18(15A) of the SEBI (MF) Regulations, the Trustee shall ensure that no change in the fundamental attributes of the Scheme thereunder or the trust or fees and expenses payable or any other change which would modify the scheme and affects the interest of magnum / unit holders, shall not be carried out unless, a written communication about the proposed change is sent to each Magnum / unit holder and an advertisement is given in one English daily newspaper having nationwide circulation as well as in a newspaper published in the language of the region where the Head Office of the mutual fund is situated; and the magnum / unit holders are given an option for a period of 30 days to exit at the prevailing Net Asset Value without any exit load.

2. SBI MAGNUM BALANCED FUND

A. TYPE OF THE SCHEME – An Open-ended Balanced fund.

B. INVESTMENT OBJECTIVE OF THE SCHEME

To provide investors long term capital appreciation along with the liquidity of an open-ended scheme by investing in a mix of debt and equity. The scheme will invest in a diversified portfolio of equities of high growth companies and balance the risk through investing the rest in a relatively safe portfolio of debt.

C. SCHEME ASSET ALLOCATION & INVESTMENT STRATEGIES

The funds collected under the scheme shall be invested, consistent with the objective of the scheme. The strategy would be to maximize yields on investments through active portfolio churning and profit booking, and by investment in primary market issues. Income would also be enhanced by underwriting public issues subject to the relevant SEBI Regulations. The fund may invest in foreign equities and may use any hedging techniques, subject to relevant RBI & SEBI guidelines and approval.

SBI Mutual Fund perceives the nature of the scheme to be of a medium risk profile. The investment pattern of the scheme will be as follows:

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High/Medium/Low

Equities


Debt instruments like Debenture, bonds etc.

Up to 40% Medium to Low

Securitized Debt Not more than 10% of investments in debt instrument

Medium to High

Money Market instruments* Balance Low

* Money Market Instruments will include Commercial Paper, Commercial Bills, Certificates of Deposit, Treasury Bills, Bills Rediscounting, Repos, Government securities having an unexpired maturity of less than 1 year, alternate to Call or notice money, Usance Bills and any other such short-term instruments as may be allowed under the regulations prevailing from time to time. However, the above investment pattern may be changed at the discretion of the Fund Manager in the interest of the investors provided such changes do not result in a change in the fundamental attributes / investment profile of the scheme and are short term changes on defensive consideration. The funds raised under the scheme shall be invested only in transferable securities as per Regulation 44(1), Schedule 7 of the SEBI (Mutual Funds) Regulations, 1996. Investment in equities would be through primary as well as secondary market, private placement, preferential/firm allotments etc. Debt instruments in which the scheme invests shall be rated as not below investment grade by at least one recognized credit rating agency authorized under the SEBI Act, 1992. In case of short-term instruments, investments will be restricted to the instruments having CRISIL rating of P-2 and above and/or ICRA rating of A-2 and above or equivalent rating by other rating agencies. In case a debt instrument is not rated, mutual funds may constitute committees who can approve such proposals for investments in unrated instruments subject to the approval of the detailed parameters for such investments by the Board of Directors of AMC and Trustee Company. D. TYPE OF THE INSTRUMENTS IN WHICH SCHEME WILL INVEST Equities, Debt instruments including securitized debt instruments, repo in corporate debt securities and Money Market instruments E. FUNDAMENTAL ATTRIBUTES: The following attributes will be considered as fundamental attributes: a. Type of Scheme: Open-ended Balanced fund b. Investment Objective: To provide investors long term capital appreciation along with the liquidity of an open-ended scheme by investing in a mix of debt and equity. The scheme will invest in a diversified portfolio of equities of high growth companies and balance the risk through investing the rest in a relatively safe portfolio of debt.


o Investment pattern - The indicative portfolio break-up with minimum and maximum asset allocation, while retaining the option to alter the asset allocation for a short term period on defensive considerations for detailed asset allocation pattern refer Section C above.

c. Terms of Issue: Sale of Units: Units would be offered for subscription on all business days at NAV related prices. Liquidity: The scheme would provide repurchase facility to investors on an ongoing basis on all business day

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Aggregate fee and expenses: Would be restricted to the ceilings of recurring expenses stated in Regulation 52(6) of the SEBI (Mutual Funds) Regulation. The fee and expenses proposed to be charged by the scheme is detailed in Section Fee and Expenses. (d) Any safety net or guarantee provided This Scheme does not provide any guaranteed or assured return to its investors. In accordance with Regulation 18(15A) of the SEBI (MF) Regulations, the Trustee shall ensure that no change in the fundamental attributes of the scheme thereunder or the trust or fees and expenses payable or any other change which would modify the scheme and affects the interest of magnum / unit holders, shall be carried out unless, - a written communication about the proposed change is sent to each magnum / unit holder and an advertisement is given in one English daily newspaper having nationwide circulation as well as in a newspaper published in the language of the region where the Head Office of the mutual fund is situated; and the magnum / unit holders are given an option for a period of 30 days to exit at the prevailing Net Asset Value without any exit load. 3. SBI MAGNUM EQUITY FUND A. The Scheme This scheme has been formulated by conversion of Magnum Multiplier Scheme 1990, a close-ended scheme redeeming on 31st December 1997, to an open-ended scheme. B. TYPE OF THE SCHEME – An Open-ended equity scheme. C. INVESTMENT OBJECTIVE OF THE SCHEME The objective of the scheme is to provide the investor Long – term capital appreciation by investing in high growth companies along with the liquidity of an open-ended scheme through investments primarily in equities and the balance in debt and money market instruments. D. SCHEME ASSET ALLOCATION & INVESTMENT STRATEGIES Funds collected under the scheme shall generally be invested, consistent with the objective of the scheme. The investment pattern of the scheme will be as follows



High/Medium/Low

Equities and related instrument


Debt instruments Not more than 30% Low to Medium Securitized Debt Not more than 10% of investments in

debt instrument Medium to High

Money Market instruments* Balance Low

* Money Market Instruments will include Commercial Paper, Commercial Bills, Certificates of Deposit, Treasury Bills, Bills Rediscounting, Repos, Government securities having an unexpired maturity of less than 1 year, alternate to call or notice money, Usance Bills and any other such short-term instruments as may be allowed under the regulations prevailing from time to time. However, the above investment pattern may be changed at the discretion of Fund Manager in the interest of the investors provided such changes do not result in a change in the fundamental attributes / investment profile of the scheme and are short term changes on defensive consideration. Investment in equities would be through primary as well as secondary market, private placement, preferential/firm allotments etc. The funds raised under the scheme shall be invested only in transferable securities as per Regulation 44(1), Schedule 7 of the SEBI (Mutual Funds) Regulations, 1996. Investment in debentures and corporate bonds will be of investment grade rated securities. In case of short-term instruments, investments will be restricted to the instruments having CRISIL rating of P-2 and above and/or ICRA rating of A-2 and above or equivalent rating by other rating agencies. The fund may invest in foreign equities and may use any hedging technique that are permissible or in future may become permissible under SEBI regulations. Such investments carry the risk of fluctuations in foreign exchange rates.

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E. TYPE OF THE INSTRUMENTS IN WHICH SCHEME WILL INVEST Equities and equity related instruments, Debt instruments including securitized debt instruments, repo in corporate debt securitiesand Money Market instruments F. FUNDAMENTAL ATTRIBUTES The fundamental attributes and salient features of the scheme are set out below for the purpose of inviting subscriptions to the scheme from the public. The following attributes will be considered as fundamental attributes: a) Type of scheme: Open-ended equity scheme. b) Investment Objective: To generate long-term capital appreciation through investment in equities of high growth companies and debt and money market instruments.


o Investment pattern - The indicative portfolio break-up with minimum and maximum asset allocation, while retaining the option to alter the asset allocation for a short term period on defensive considerations for detailed asset allocation pattern refer Section D above.

c) Terms of Issue: Sale of Units: Units would be offered for subscription on all business days at NAV related prices. Liquidity: The scheme would provide repurchase facility to investors on an ongoing basis on all business day Aggregate fee and expenses: Would be restricted to the ceilings of recurring expenses stated in Regulation 52(6) of the SEBI (Mutual Funds) Regulation. The fee and expenses proposed to be charged by the scheme is detailed in Section Fee and Expenses. (d) Any safety net or guarantee provided This Scheme does not provide any guaranteed or assured return to its investors. In accordance with Regulation 18(15A) of the SEBI (MF) Regulations, the Trustee shall ensure that no change in the fundamental attributes of the Scheme thereunder or the trust or fees and expenses payable or any other change which would modify the scheme and affects the interest of magnum / unit holders, shall not be carried out unless, a written communication about the proposed change is sent to each magnum / unit holder and an advertisement is given in one English daily newspaper having nationwide circulation as well as in a newspaper published in the language of the region where the Head Office of the mutual fund is situated; and the magnum / unit holders are given an option for a period of 30 days to exit at the prevailing Net Asset Value without any exit load. 4. SBI MAGNUM GLOBAL FUND A. The Scheme: The SBI Magnum Global Fund Scheme 1994 commenced from 24th August 1994. This scheme was launched on 24th August 1994 as a close-ended scheme redeeming on 30th September 1999. The scheme has been converted into an open-ended fund from 1st October 1999. B. TYPE OF THE SCHEME – An Open-ended equity scheme.

C. INVESTMENT OBJECTIVE OF THE SCHEME To provide the investors maximum growth opportunity through well researched investments in Indian equities, PCDs, and FCDs from selected industries with high growth potential, and Bonds.

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D. SCHEME ASSET ALLOCATION & INVESTMENT STRATEGIES SBI Mutual Fund will invest the subscriptions received under the scheme in select securities, primarily in equities, FCDs, PCDs, NCDs listed on Indian Stock Exchanges, other capital market related instruments, FDs of scheduled commercial banks, call and other money market instruments etc. The broad investment pattern of the scheme will be as follows:

Instruments Indicative Allocations (% of Total Net Assets)

Min & Max Risk Profile

High/Medium/Low Equity Partly convertible debentures and fully convertible debentures and Bonds

80-100% Medium to High

Money Market instruments^ 0-20% Low

^ Money Market Instruments will include Commercial Paper, Commercial Bills, Certificates of Deposit, Treasury Bills, Bills Rediscounting, Repos, Government securities having an unexpired maturity of less than 1 year, alternate to Call or notice money, Usance Bills and any other such short-term instruments as may be allowed under the regulations prevailing from time to time. However, the above investment pattern may be changed at the discretion of Fund Manager in the interest of the investors provided such changes do not result in a change in the fundamental attributes / investment profile of the scheme and are short term changes on defensive consideration. Accordingly, investments may be made in select companies in other industries. Investment in equities would be through primary as well as secondary market, private placement, preferential/firm allotments etc. The portfolio will be sufficiently diversified so as to reduce the risk of underperformance due to unexpected security-specific factors. The funds raised under the scheme shall be invested only in transferable securities as per Regulation 44(1), 7 Schedule of the SEBI (Mutual Funds) Regulations, 1996. Investment in FCDs & PCDs will be of investment grade rated securities. In case a debt instrument is not rated, mutual funds may constitute committees who can approve such proposals for investments in unrated instruments subject to the approval of the detailed parameters for such investments by the Board of Directors and the Board of Trustees. The fund may invest in foreign equities or debt and may use any hedging techniques that are permissible under SEBI Regulations. Investments in foreign securities carry the risk of fluctuations in foreign exchange rates. The Scheme being open-ended, some portion of the portfolio will be invested in highly liquid money market instruments or government paper so as to meet the normal repurchase requirements. The remaining investments will be made in securities which are either expected to be reasonably liquid or of varying maturities. However, the NAV of the Scheme may be impacted if the securities invested in are rendered illiquid after investment. E. TYPE OF THE INSTRUMENTS IN WHICH SCHEME WILL INVEST Equity Partly convertible debentures and fully convertible debentures, Bonds, Repo in corporate debt securities & Money Market instruments E. FUNDAMENTAL ATTRIBUTES: The following attributes will be considered as fundamental attributes: a. Type of Scheme: Open-ended Equity Scheme. b. Investment Objective: To provide the investors maximum growth opportunity through well researched investments in Indian equities, PCDs, and FCDs from selected industries with high growth potential, and Bonds.


23


c. Terms of Issue: Sale of Units: Units would be offered for subscription on all business days at NAV related prices. Liquidity: The scheme would provide repurchase facility to investors on an ongoing basis on all business day Aggregate fee and expenses: Would be restricted to the ceilings of recurring expenses stated in Regulation 52(6) of the SEBI (Mutual Funds) Regulation. The fee and expenses proposed to be charged by the scheme is detailed in Section Fee and Expenses. d. Any safety net or guarantee provided This Scheme does not provide any guaranteed or assured return to its investors. In accordance with Regulation 18(15A) of the SEBI (MF) Regulations, the Trustee shall ensure that no change in the fundamental attributes of the Scheme thereunder or the trust or fees and expenses payable or any other change which would modify the scheme and affects the interest of magnum / unit holders, shall not be carried out unless, a written communication about the proposed change is sent to each Magnum / Unit holder and an advertisement is given in one English daily newspaper having nationwide circulation as well as in a newspaper published in the language of the region where the Head Office of the Mutual Fund is situated; and the magnum / unit holders are given an option for a period of 30 days to exit at the prevailing Net Asset Value without any exit load. F. PORTFOLIO TURNOVER POLICY: The portfolio may be churned in order to take advantage of movements in stock market in order to maximize the average returns on the portfolio while maintaining a desirable risk profile and adequate liquidity. The expenses such as brokerage and transaction costs due to churning will be kept at a level where it does not impact the earning of the scheme to any significant extent. 5. SBI PREMIER LIQUID FUND (EARLIER KNOWN AS MAGNUM INSTITUTIONAL INCOME FUND - SAVINGS PLAN)

(The name of the Scheme ‘Magnum Institutional Income Fund – Savings Plan’ has been changed as SBI Premier Liquid Plan w.e.f March 23, 2007)

A. TYPE OF THE SCHEME - Open-ended Liquid scheme. B. INVESTMENT OBJECTIVE OF THE SCHEME The investment objective of the scheme will be to provide attractive returns to the Magnum/Unit holders either through periodic dividends or through capital appreciation through an actively managed portfolio of debt and money market instruments. Income may be generated through the receipt of coupon payments, the amortization of the discount on the debt instruments, receipt of dividends or purchase and sale of securities in the underlying portfolio. C. SCHEME ASSET ALLOCATION & INVESTMENT STRATEGIES The funds collected under the scheme shall generally be invested consistent with the objective of the scheme in the following manner:

Instruments Indicative Allocations (% of Total

Net Assets) Min & Max Risk Profile

High/Medium/Low

Debt instruments (including Debt derivatives) and Money Market instruments (including cash/ CBLO / Repo and equivalent) with a residual maturity in line with SEBI regulation Up to 100% Low to Medium

Securitized Debt Up to 20% Medium to High Pursuant to SEBI Circular SEBI/IMD/CIR NO. 13/150975/09 dated January 19, 2009, the Schemes shall make investment in /purchase debt and money market securities with maturity of upto 91 days only.

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D. TYPE OF THE INSTRUMENTS IN WHICH SCHEME WILL INVEST Corporate Debentures and Bonds / PSU, FI, Government guaranteed Bonds, Government Securities including Securities Debt, Derivative Instruments and International Bonds and Call, Repo in corporate debt securities and Money Market Instrument E. FUNDAMENTAL ATTRIBUTES The fundamental attributes and salient features of the scheme are set out below for the purpose of inviting subscriptions to the scheme from the public. The following attributes will be considered as fundamental attributes: a) Type of scheme: Open-end Liquid scheme investing in a portfolio of call money, debt instruments, Derivatives, Government Securities and Money Market instruments etc. b) Investment Objective: To actively manage the above portfolio to provide returns through periodic dividends/capital appreciation to the Magnum / Unit holders.

o Main Objective – Income


c) Terms of Issue: Sale of Units: Units would be offered for subscription on all business days at NAV related prices. Liquidity: The scheme would provide repurchase facility to investors on an ongoing basis on all business day Aggregate fee and expenses: Would be restricted to the ceilings of recurring expenses stated in Regulation 52(6) of the SEBI (Mutual Funds) Regulation. The fee and expenses proposed to be charged by the scheme is detailed in Section Fee and Expenses. d) Any safety net or guarantee provided This Scheme does not provide any guaranteed or assured return to its investors. In accordance with Regulation 18(15A) of the SEBI (MF) Regulations, the Trustee shall ensure that no change in the fundamental attributes of the Scheme thereunder or the trust or fees and expenses payable or any other change which would modify the scheme and affects the interest of Magnum / Unit holders, shall not be carried out unless, a written communication about the proposed change is sent to each Magnum / Unit holder and an advertisement is given in one English daily newspaper having nationwide circulation as well as in a newspaper published in the language of the region where the Head Office of the mutual fund is situated; and the Magnum / Unit holders are given an option for a period of 30 days to exit at the prevailing Net Asset Value without any exit load. Under normal circumstances, this Scheme may have investments in a combination of Corporate Debenture and Bonds/ PSU, FI, Government guaranteed Bonds, Government Securities including Securitized Debt and International Bonds although the mix and the portfolio maturities would to a large extent depend on market conditions. The purpose of investment in Government Securities would primarily be for duration management and to take advantage of any trading opportunities that may arise on account of interest rate movements while investments in Corporate Bonds and Debentures would primarily be to build a core portfolio for generating income on the portfolio. The investments will be made in primary as well as secondary markets. The portfolio will be sufficiently diversified so as to reduce the risk of underperformance due to unexpected security specific factors. The proportion of the scheme portfolio invested in each type of security will vary in accordance with economic conditions, interest rates, liquidity and other relevant considerations, including the risks associated with each investment. The scheme being open-ended, some portion of the portfolio will be invested in highly liquid money

25

market instruments or Government Papers so as to meet normal repurchase requirements. The remaining investments will be made in securities, which are either expected to be reasonably liquid, or of varying maturities. However, the NAV of the scheme maybe impacted if the securities invested in are rendered illiquid after investment. Debt instruments in which the scheme invests shall be rated as not below investment grade by atleast one recognized credit rating agency authorized under the SEBI Act, 1992. In case of short-term instruments, investments will be restricted to the instruments having CRISIL rating of P-2 and above and/or ICRA rating of A-2 and above or equivalent rating by other rating agencies. In case a debt instrument is not rated, mutual funds may constitute committees who can approve such proposals for investments in unrated instruments subject to the approval of the detailed parameters for such investments by the Board of Directors of AMC and Trustee Company. In case of investment in International Bonds, SEBI vide Circular No. SEBI/ IMD/CIR No. 7/ 104753/ 07 Dated September 26, 2007 currently permit mutual funds to invest in ADRs/GDRs/ Foreign Securities issued by Indian companies and notified foreign securities subject to a maximum of USD 300 million per mutual fund. Further the AMC shall comply with all guidelines issued by SEBI from time to time. Performance will depend on the Asset Management Company's ability to assess accurately and react to changing market conditions. The scheme may also enter into repurchase and reverse repurchase obligation in all securities held by it as per the guidelines and regulations applicable for such transactions. Further, the scheme may participate in securities lending, invest in foreign securities, trade in derivatives as permitted under SEBI (MF) Regulations, 1996. The above investment pattern is indicative and may be changed by the Fund Manager from time to time, keeping in view market conditions, market opportunities, applicable regulations, legislative amendments and other political and economic factors. It must be clearly understood that the percentages stated above are only indicative and not absolute and that they can vary substantially depending upon the perception of the AMC, the intention being at all times to seek to protect the interests of the Magnum/Unit Holders. The funds raised under the scheme shall be invested only in transferable securities as per Regulation 44(1), Schedule 7 of the SEBI (Mutual Funds) Regulations, 1996 as amended from time to time. There can be no assurance that the investment objective of the scheme will be realized. However, the scheme will largely invest in Corporate Papers of reputed and sound companies, Government Securities, Money Market instruments in accordance with the investment pattern stated above. The scheme will also review these investments from time to time and the Fund Manager may churn the portfolio to the extent as considered beneficial to the investors. F. TRADING IN DERIVATIVES

The Fund's trading in derivatives would be in line that is permitted by SEBI Regulations from time to time. The Fund may use any hedging techniques that are permissible now or in future, under SEBI regulations, in consonance with the scheme's investment objective, including investment in derivatives such as interest rate swaps. The Fund shall fully cover its position in the derivatives market by holding underlying securities / cash or cash equivalents / option and / or obligation for acquiring underlying assets to honour the obligations contracted in the derivatives market. The Fund shall maintain separate records for holding the cash and cash equivalents / securities for this purpose. The securities held shall be marked to market by the AMC to ensure full coverage of investments made in derivative products at all times.

SEBI has also vide circular DNPD/Cir-29/2005 dated 14th September 2005 permitted Mutual Funds to participate in the derivatives market at par with Foreign Institutional Investors (FII). Accordingly, Mutual Funds shall be treated at par with a registered FII in respect of position limits in index futures, index options, stock options and stock futures contracts.

I. Position Limit The position limits for the Mutual Fund and its schemes, for transaction in derivatives segment are in compliance to the SEBI Circular no. SEBI/DNPD/Cir-31/2006 dated September 22, 2006, and to all such amendments as applicable from time to time. The position limits are given as under: i. Position limit for the Mutual Fund in index options contracts The Mutual Fund position limits in index option contracts on a particular underlying index shall be higher of: a. Rs. 500 Crore; or

26

b. 15% of the total open interest in the market in index options contracts. This limit would be applicable on open positions in all options contracts on a particular underlying index. ii. Position limit for the Mutual Fund in index futures contracts higer of: The Mutual Fund position limits in index futures contracts on a particular underlying index shall be: a. Rs. 500 Crore; or b. 15% of the total open interest in the market in index futures contracts.

This limit would be applicable on open positions in all futures contracts on a particular underlying index.

iii. Additional position limit for hedging In addition to the position limits at point (i) and (ii) above, the Mutual Fund may take exposure in index Derivatives subject to the following limits: 1. Short positions in index derivatives (short futures, short calls and long puts) shall not exceed (in notional value) the Mutual Fund's holding of stocks. 2. Long positions in index derivatives (long futures, long calls and short puts) shall not exceed (in notional value) the Mutual Fund's holding of cash, government securities, T-Bills and similar instruments. iv. Position limit for Mutual Funds for stock based derivative contracts 1. For stocks having applicable market-wise position limit (MWPL) of Rs. 500 crores or more, the combined futures and options position limit shall be 20% of applicable MWPL or Rs. 300 crores, whichever is lower and within which stock futures position cannot exceed 10% of applicable MWPL or Rs. 150 crores, whichever is lower. 2. For stocks having applicable market-wise position limit (MWPL) less than Rs. 500 crores, the combined futures and options position limit would be 20% of applicable MWPL and futures position cannot exceed 20% of applicable MWPL or Rs. 50 crore which ever is lower. v. Position limit for each scheme of a Mutual Fund The scheme-wise position limit / disclosure requirements shall be – 1. For stock option and stock futures contracts, the gross open position across all derivative contracts on a particular underlying stock of a scheme of a mutual fund shall not exceed the higher of: 1% of the free float market capitalization (in terms of number of shares). Or 5% of the open interest in the derivative contracts on a particular underlying stock (in terms of number of contracts). 2. This position limits shall be applicable on the combined position in all derivative contracts on an underlying stock at a Stock Exchange. Illustrations i. Arbitrage: Buy 1000 stocks of Company A at Rs 100 and sell the equivalent of stocks future of the Company A at Rs 101. 1. Market goes up and the stock end at Rs 150. At the end of the month the future expires automatically: At the settlement date we assume that future price = closing spot price = Rs 150

27

a. Gain on stock is 1000*(150-100) = Rs 50000 b. Loss on future is 1000*(101-150) = Rs - 49000 c. Then gain realized is 50 000 - 49 000 = Rs 1000 2. Market goes down and the stock end at Rs 50. At the end of the month the future expires automatically: At the settlement date we assume that future price = closing spot price = Rs 50 a. Loss on stock is 1000*(50-100) = Rs - 50000 b. Gain on future is 1000*(101-50) = Rs 51000 Then gain realized is 51000 - 50000 = Rs 1000 ii. Unwinding an arbitrage position: Buy 1000 stocks of Company A at Rs 100 and sell the equivalent of stocks future of the Company A at Rs 101. The market goes up and at some point of time during the month the stock trades at Rs 150 and the future trades at Rs 149 then we unwind the position: 1. Buy back the future at Rs 149 : loss incurred is (101- 149)*1000= Rs - 48 000 2. Sell the stock at Rs 150 : gain realized : (150-100)*1000 = Rs 50 000 3. Net gain is 50 000 - 48 000 = Rs 2 000 iii. Roll over the futures: In this case we keep the underlying stock position intact and roll over the futures position into next month. For example, if the underlying stock is trading around Rs 150 on or closer to the expiry date, the stock future is also generally likely to trade closer to similar levels. In such a case, if the next month futures are trading at levels higher than the current month futures, we roll over the future position to the next month (i.e. instead of letting the current month future expire (on expiry day), we buyback the current month future and sell the next month future in its place, keeping the underlying stock position unchanged): a. Stock future next month is at Rs 151 b. Stock future actual month is at Rs 150 c. Then sell future next month at Rs 151 and buy back actual future at Rs 150 => gain of 1000*(151-150) = Rs 1000 and the arbitrage is continuing. In case, the future price trades at discount to spot price (any time during the period till the expiry date) then the original position will be squared by buying the future and selling the spot market position.

Debt Derivatives The Scheme may use derivatives instruments like Interest Rate Swaps, Forward Rate Agreements or such other derivative instruments as may be introduced from time to time for the purpose of hedging and portfolio balancing and as may be permitted under the Regulations and guidelines. Interest Rate Swaps Interest rate swap is a strategy in which one party exchanges a stream of interest for another party's stream. Interest rate swaps are normally 'fixed against floating', but can also be 'fixed against fixed' or 'floating against floating' rate swaps. Interest rate swaps will be used to take advantage of interest-rate fluctuations, by swapping

28

fixed-rate obligations for floating rate obligations, or swapping floating rate obligations to fixed-rate obligations. A floating-to-fixed swap increases the certainty of an issuer's future obligations. Swapping from fixed-to-floating rate may save the issuer money if interest rates decline. Swapping allows issuers to revise their debt profile to take advantage of current or expected future market conditions.. Forward Rage Agreement (FRA) A FRA is basically a forward starting IRS. It is an agreement between two parties to pay or receive the difference between an agreed fixed rate (the FRA rate) and the interest rate (reference rate) prevailing on a stipulated future date, based on a notional principal amount for an agreed period. The only cash flow is the difference between the FRA rate and the reference rate. As is the case with IRS, the notional amounts are not exchanged in FRAs. i) Advantages of Derivatives

The volatility in Indian debt markets has increased over last few months. Derivatives provide unique flexibility to the Scheme to hedge part of their portfolio. Some of the advantages of specific derivatives are as under:

ii) Interest Rate Swaps and Forward rate Agreements

Bond markets in India are not very liquid. Investors run the risk of illiquidity in such markets. Investing for short-term periods for liquidity purposes has its own risks. Investors can benefit if the Fund remains in call market for the liquidity and at the same time take advantage of fixed rates by entering into a swap. It adds certainty to the returns without sacrificing liquidity.

v. Illustration: Interest Rate Swap (IRS) Assume that a Mutual Fund has INR 10 crore, which is to be deployed in overnight products for 7 days. This money will be exposed to interest rate risk on daily basis. The fund can buy an Interest Rate Swap receiving fixed interest rate and paying NSE MIBOR.

The deal will be as under: Counterparty Bank Mutual Fund Receives Floating rate (NSE MIBOR) Pays ---------------------------------------------------------------------------------- Fixed rate (8.75%) Pays ------------------------------------------------------------------------------> Receives The cash flows on a notional principal amount of Rs. 10 crores would be-

(R. in Crore) Principal NSE MIBOR Interest Amount

Day 1 10.0000 8.10% .0022192 10.00221918 Day 2 10.00222 8.20% .0022466 10.00446575 Day 3 10.00447 8.30% .002274 10.00673973 Day 4 (for 2 days) Saturday 10.00674 8.15% .0044658 10.01120548 Day 5 Sunday Holiday Day 6 10.01121 8.40% .0023014 10.01350685 Day 7 10.01351 8.50% .0023288 10.01583562 Floating Interest Payable

.0158356164

Fixed Interest Receivable

.0167808219

Net Receivable for Mutual Fund receiving fixed

.0009452055

In this example Mutual Fund stands to gain by receiving fixed rates. As the NSE MIBOR floating rate is decided daily, in adverse scenario, the Mutual Fund may have to pay the difference.

29

The counter-party providing Swap, Options, Forward Rate Agreements (FRAs) will do the same at a cost. Risk factors Interest rate swaps strategy: Risk Factor: The risk arising out of uses of the above derivative strategy as under: Lack of opportunities available in the market. The risk of mispricing or improper valuation and the inability of derivatives to correlate perfectly with underlying assets, rates and indices. Interest rate swaps require the maintenance of adequate controls to monitor the transactions entered into, the ability to forecast failure of another party (usually referred to as the ‘counter party’) to comply with the terms of the derivatives contract.

Further the exposure limits for trading in derivatives by Mutual Funds specified by SEBI vide its Circular No. Cir/IMD/DF/11/2010 dated August 18, 2010 are as follows: 1. The cumulative gross exposure through equity, debt and derivative positions should not exceed 100%

of the net assets of the scheme. 2. Mutual Funds shall not write options or purchase instruments with embedded written options. 3. The total exposure related to option premium paid must not exceed 20% of the net assets of the

scheme. 4. Cash or cash equivalents with residual maturity of less than 91 days may be treated as not creating

any exposure. 5. Exposure due to hedging positions may not be included in the above mentioned limits subject to the

following:

a. Hedging positions are the derivative positions that reduce possible losses on an existing position in securities and till the existing position remains.

b. Hedging positions cannot be taken for existing derivative positions. Exposure due to such

positions shall have to be added and treated under limits mentioned in Point 3. c. Any derivative instrument used to hedge has the same underlying security as the existing position

being hedged. d. The quantity of underlying associated with the derivative position taken for hedging purposes

does not exceed the quantity of the existing position against which hedge has been taken.

6. Mutual Funds may enter into plain vanilla interest rate swaps for hedging purposes. The counter party in such transactions has to be an entity recognized as a market maker by RBI. Further, the value of the notional principal in such cases must not exceed the value of respective existing assets being hedged by the scheme. Exposure to a single counterparty in such transactions should not exceed 10% of the net assets of the scheme.

7. Exposure due to derivative positions taken for hedging purposes in excess of the underlying position against which the hedging position has been taken, shall be treated under the limits mentioned in point 3.

8. Definition of Exposure in case of Derivative Positions

9. Each position taken in derivatives shall have an associated exposure as defined under. Exposure is the maximum possible loss that may occur on a position. However, certain derivative positions may theoretically have unlimited possible loss. Exposure in derivative positions shall be computed as follows:

Position

Exposure

Long Future


Short Future


30

Option bought

Option Premium Paid * Lot Size * Number of Contracts

II. The risks involved in derivatives are: 1. The cost of hedge can be higher than adverse impact of market movements 2. The derivatives will entail a counter-party risk to the extent of amount that can become due from the party. 3. An exposure to derivatives in excess of the hedging requirements can lead to losses. 4. An exposure to derivatives can also limit the profits from a genuine investment transaction. 5. Efficiency of a derivatives market depends on the development of a liquid and efficient market for underlying securities and also on the suitable and acceptable benchmarks. 6. Derivative products are leveraged instruments and can provide disproportionate gains as well as disproportionate losses to the investor. Execution of such strategies depends upon the ability of the fund manager to identify such opportunities. Identification and execution of the strategies to be pursued by the fund manager involve uncertainty and decision of fund manager may not always be profitable. No assurance can be given that the fund manager will be able to identify or execute such strategies. III. Methods to tackle these risks: 1. Hedging will not be done on a carpet basis but based on a view about interest rates, economy and expected adverse impact. 2. Limits of appropriate nature will be developed for counter parties 3. Such an exposure will be backed by assets in the form of cash or securities adequate to meet cost of derivative trading and loss, if any, due to unfavorable movements in the market. IV. The losses that may be suffered by the investors as a consequence of such investments: 1. As the use of derivatives is based on the judgment of the Fund Manger, the view on market taken may prove wrong resulting in losses. 2. The upside potential of investments may be limited on account of hedging which may cause opportunity losses. V. The use of derivatives for hedging will give benefit of: 1. Curtailing the losses due to adverse movement in interest rates 2. Securing upside gains at cost VI. VALUATION OF DERIVATIVES

i. The traded derivatives shall be valued at market price in conformity with the stipulations of sub clauses (i) to (v) of clause 1 of the Eighth Schedule to the SEBI Regulations.

ii. The valuation of untraded derivatives shall be done in accordance with the valuation method for

untraded investments prescribed in sub clauses (i) and (ii) of clause 2 of the Eighth Schedule to the SEBI Regulations.

VII. REPORTING OF DERIVATIVES The AMC shall cover the following aspects in their reports to trustees periodically, as provided for in the Regulations:

i. Transactions in derivatives, both in volume and value terms.

ii. Market value of cash or cash equivalents / securities held to cover the exposure.

31

iii. Any breach of the exposure limit laid down in the scheme Information document.

iv. Shortfall, if any, in the assets covering investment in derivative products and the manner of bridging it. The Trustees shall offer their comments on the above aspects in the report filed with SEBI under sub regulation (23) (a) of regulation 18 of SEBI Regulations.

G. DISCLOSURES PERTAINING TO SECURITIZED DEBT Risk profile of securitized debt vis-a-vis risk appetite of the scheme The risk of investing in securitized debt is similar to investing in debt securities. However it differs from other debt securities in two ways: Liquidity: Typically the liquidity of securitized debt is less than similar debt securities. Pre-payment: For certain types of securitized debt (backed by mortgages, personal loans, credit card debt,

etc.), there is an additional pre-payment risk. Pre-payment risk refers to the possibility that loans are repaid before they are due, which may reduce returns if the re-investment rates are lower than initially envisaged.

Policy relating to originators: A securitization transaction involves sale of receivables by the originator (a bank, non-banking finance company, housing finance company, or a manufacturing/service company) to a Special Purpose Vehicle (SPV), typically set up in the form of a trust. Investors are issued rated Pass Through Certificates (PTCs), the proceeds of which are paid as consideration to the originator. In this manner, the originator, by selling his loan receivables to an SPV, receives consideration from investors much before the maturity of the underlying loans. Investors are paid from the collections of the underlying loans from borrowers. Typically, the transaction is provided with a limited amount of credit enhancement (as stipulated by the rating agency for a target rating), which provides protection to investors against defaults by the underlying borrowers. The scheme will invest in instruments of the originator only if the originator has an investment grade rating. Over and above the credit rating assigned by credit rating agencies to the originator, SBI MF will conduct an additional evaluation on

Previous track record on origination, servicing and performance of existing pools Willingness to pay, through credit enhancement facilities etc. Ability to pay Business risk assessment, wherein following factors are considered: - Outlook for the economy (domestic and global)

- Outlook for the industry - Originator/Pool specific factors

For single loan PTC, credit evaluation of the underlying corporate will be carried out as with any other debt instruments Risk mitigation strategies: Risk mitigation strategies will depend on each asset class, whether they are unsecured loans or secured, seasoning, collection history, past recovery rates, originator’s financial profile, servicing performance, etc for each asset class. SBI MF will invest in pools with investment grade rating by SEBI recognised rating agencies. In addition some specific risk mitigation measures will include Risk Mitigants Credit Risk Analysis of originator with respect to past track record, systems and processes,

performance of pools, collateral adequacy and disclosure frequency; Analysis of specific pool with respect to nature of underlying asset, seasoning, loan sizes, loan to vale ratio, geographical diversity, etc

Counterparty Risk Past track record of handling securitized transactions, disclosure adequacy and frequency

Legal Risk Check with rating agency that investors’ interest is not compromised, specific protection measures like bankruptcy remoteness, etc are built in Separate in-house legal opinion on transactions,

Market Risk Liquidity, Prepayment and Interest Rate Risk Analysis and level of their mitigation through transaction structure and credit enhancements provided

32

The level of diversification with respect to the underlying assets, and risk mitigation measures for less diversified investments: Framework that will be applied while evaluating investment decision relating to a pool securitization transaction:

Characteristics/

Type of Pool Mortgage Loan

Commercial Vehicle and Construction Equipment

CAR 2 wheelers

Micro Finance Pools

Personal Loans

Single Sell Downs

Others

Approximate Average maturity (in Months)

60-120 months

12-48 months

12-48 months

12-24 months

12 months 12-36 months

NA NA

Collateral margin (including cash ,guarantees, excess interest spread , subordinate tranche)

5-20% 5-20% 5-20% 5-20% 10-30% 10-30% NA NA

Average Loan to Value Ratio

Less than 90%

Less than 90%

Less than 90%

Less than 90%

NA NA NA NA

Average seasoning of the Pool

6-12 months 3-6 months 3-6 months 3-6 months

3-12 weeks

1-3 months

0-3 months

NA

Maximum single exposure range

3-4% 3-4% Retail Retail Retail Retail NA NA

Average single exposure range %

1-1.5% 1.5-2% Retail Retail Retail Retail NA NA

Information illustrated in the Table above, is based on the current scenario relating to Securitized Debt market and is subject to change depending upon the change in the related factors. The investment committee will review the above guidelines considering the extant RBI guidelines pertaining to securitization. We endeavor to consider some of the important risk mitigating factors for securitized pool i.e. Average original maturity of the pool: based on different asset classes and current market practices Collateral margin including cash collateral and other credit enhancements Loan to Value Ratio Average seasoning of the pool, which is a key indicator of past pool performance Default rate distribution Geographical Distribution Maximum single exposure: Retail pools (passenger cars, 2-wheelers, Micro finance, personal loans, etc) are

generally well diversified with maximum and average single exposure limits within 1%. As illustrated above, these factors vary for different asset classes and would be based on interactions with each originator as well as the credit rating agency

Minimum retention period of the debt by originator prior to securitization: The AMC will invest in securitized debt as per final RBI guidelines issued on May 7, 2012 and as amended till date. Minimum retention percentage by originator of debts to be securitized The AMC will invest in securitized debt as per final RBI guidelines issued on May 7, 2012 and as amended till date The mechanism to tackle conflict of interest when the mutual fund invests in securitized debt of an originator and the originator in turn makes investments in that particular scheme of the fund

Investments made by the Scheme in any asset are done based on the requirements of the Scheme and is in accordance with the investment policy. All Investments are made entirely at an arm’s length basis with no consideration of any existing / consequent investments by any party related to the transaction (originator, issuer, borrower etc.). Investments made in Securitized debt are made as per the Investment pattern of the Scheme and are done after detailed analysis of the underlying asset. There might be instances of Originator investing in the same scheme but both the transactions are at arm’s length and avoid any conflict of interest.

33

The resources and mechanism of individual risk assessment with the AMC for monitoring investment in securitized debt As with any other debt instruments, investment in securitized debt instruments will be closely monitored by a dedicated team of credit analysts, ratings of any such instruments will be continuously tracked and periodic performance report from Trustee and MIS from Originators, if any would be scrutinized closely H. PORTFOLIO TURNOVER The Portfolio Turnover is defined as the lower of the value of purchases or sales as a percentage of the average corpus of the Scheme during a specified period of time. The Asset Management Company does not have a policy statement on portfolio turnover. Generally, the Asset Management Company's portfolio management style is conducive to a low portfolio turnover rate. However, given the nature of the Scheme which follows a monthly cycle or rollover / positions the portfolio turnover is expected to be high. Further, there are trading opportunities that present themselves from time to time. These trading opportunities may be due to trading opportunities in equities, changes in interest rate policy by the Reserve Bank of India, shifts in the yield curve, credit rating changes or any other factors where in the opinion of the fund manager there is an opportunity to enhance the total return of the portfolio. It will be the endeavour of the fund manager to keep portfolio turnover rates as low as possible. I. BENCHMARK OF THE SCHEME SBI Magnum Multiplier

Fund SBI Magnum Balanced Fund



Benchmark S & P BSE 200 Index CRISIL Balanced Fund Index

CNX Nifty Index S&P BSE Midcap Index

SBI Premier Liquid Fund Benchmark CRISIL Liquid Fund Index J. FUND MANAGERS OF THE SCHEME

Fund Name Name of the Fund Managers

SBI Magnum Multiplier Fund Mr. Jayesh Shroff SBI Magnum Balanced Fund Mr. Rama Iyer Srinivasan - Equity & Mr. Dinesh Ahuja –

Debt SBI Magnum Equity Fund Mr. Rama Iyer Srinivasan SBI Magnum Global Fund Mr. Rama Iyer Srinivasan SBI Premier Liquid Fund Mr. Rajeev Radhakrishnan

Details of the Funds Managers Name of the Fund

Managers Educational Qualifications Experience

Mr. Jayesh Shroff Age – 43 years

PGD (MBFS) from ICFAI, B.Com

Experience of over 13 years as a Fund Manager. Apart from the fund management experience, Mr. Shroff also has wide experience in investment banking activities including M&A activities, venture capital funding, preparation of business plans, project reports etc. Past experiences: Fund Manager - BOB Asset Management

Company Ltd. - September 1999 to March 2006

Head – M&A and Research & Analysis - Tandem Financials Ltd. - September 1996 to September 1999

Associate – Corporate planning & Finance department - Kishor J. Janani , Stock Brokers - May 1996 to September 1996

Currently, he is managing SBI Magnum Taxgain

34



Scheme & SBI Magnum Multiplier Fund.

Mr. Dinesh Ahuja Age : 41 Years

B B.Com, M.M.S. Mr. Ahuja has done his Master of Management Studies – Finance from University of Mumbai and has over 16 years of experience in Indian financial services and capital markets in various capacities. He has a rich experience in managing debt schemes. Before joining SBIFMPL, Mr. Ahuja was working as Fund Manager with L&T Investment Management Ltd. He has also been associated with Reliance Asset Management Ltd. and Reliance General Insurance Co. Ltd. Currently he is the fund manager of SBI Magnum Income Fund, SBI Magnum Gilt Fund, SBI Regular Savings Fund (Debt portion) with Mr. Ruchit Mehta (equity portion), SBI Magnum Monthly Income Plan – Floater (Debt portion) with Mr. Ruchit Mehta (equity portion), SBI Dynamic Bond Fund, SBI Magnum Monthly Income Plan (Debt portion) with Mr. Ruchit Mehta (equity portion),SBI Magnum Balanced Fund (debt portion) with Mr. R. Srinivasan (equity portion) and SBI Benchmark Gsec Fund, SBI Corporate Bond Fund and SBI Inflation Indexed Bond Fund.

Mr. Rajeev Radhakrishnan Age – 38 years

B.E (Production). MMS (Finance), CFA (CFA Institute, USA)

Total experience of around 13 years in funds management. Around 9 yrs in Fixed Income funds management and dealing. Previously he was associated with UTI Asset Management Company Ltd. as Co - Fund Manager Past experiences: SBI Funds Management P. Ltd - (From June 09,

2008 onwards) Co- Fund Manager - UTI Asset Management

Company Limited (June 2001-2008)

Various funds being managed by Mr. Rajeev Radhakrishnan are SBI Magnum Insta Cash Fund, SBI Premier Liquid Fund, SBI Magnum Children Benefit Plan, SBI Capital Protection Oriented Fund – Series II (Debt portion) with Mr. Richard D’souza (equity portion), SBI Short Term Debt Fund, SBI Ultra Short Term Debt Fund, SBI Dual Advantage Fund – Series I, II, III, IV, V, VI, VII, VIII, IX (Debt portion) with Mr. Richard D’souza (equity portion), SBI Fixed Interval Debt Series, SBI Treasury Advantage Fund and the existing SBI Debt Fund Series.

Mr. Rama Iyer Srinivasan Age : 43 Years

M.Com & MFM Experience of more than 21 years in equities. Prior to joining SBI Funds Management Pvt. Ltd., Srinivasan was with Future Capital Holdings, the erstwhile asset management and financial services entity of the Future Group, where he headed ‘Public Markets’. Prior to that, he has worked with several organizations including Principal PNB AMC, Imperial Investment Advisors (associate of Oppenheimer & Co), Indosuez W. I. Carr Securities, Motilal Oswal Securities, Sunidhi Consultancy and Capital Market Publishers. Presently, Srinivasan is the Fund Manager for SBI

35



Magnum Equity Fund, SBI Magnum Global Fund, SBI Magnum Balanced Fund (jointly with Dinesh Ahuja), SBI Emerging Businesses Fund, SBI Contra Fund & SBI Small & Midcap Fund.

K. INVESTMENT RESTRICTIONS The investment policies of the scheme comply with the rules, regulations and guidelines laid out in the SEBI Regulations. As per the Regulations, specifically the Seventh Schedule, the following investment limitations are applicable to schemes of Mutual Funds. a. The scheme shall not invest more than 15% of its NAV in debt instruments issued by a single issuer, which are

rated not below investment grade by a credit rating agency authorized to carry out such activity under the Act. Such investment limit may be extended to 20% of the NAV of the scheme with the prior approval of the Board of Trustees and the Board of Asset Management Company. Such limit shall not be applicable for investments in government securities. Also investment within such limit can be made in mortgaged-backed securitized debt, which is rated not below investment grade by a credit rating agency registered with the Board.

b. The Scheme shall not invest more than 10% of its NAV in unrated debt instruments issued by a single issuer and the total investment in such instruments shall not exceed 25% of the NAV of the Scheme. All such investments shall be made with the prior approval of the Board of Trustees and the Board of Asset Management Company. No mutual fund scheme shall invest more than thirty percent of its net assets in money market instruments of an issuer:

Provided that such limit shall not be applicable for investments in Government securities, treasury bills and collateralized borrowing and lending obligations.”

c. The Scheme shall not invest more than 30% of its net assets in debt securities issued by issuers belonging to

one sector. AMC shall utilize the "Sector" classification prescribed by AMFI for this purpose. However, this limit will not apply to investments in Government Securities, Treasury Bills, CBLOs, Certificates of Deposit issued by Banks and AAA rated debt instruments of Public Financial Institutions (PFIs).

The Scheme may have an additional exposure to financial services sector (over and above the limit of 30%)

not exceeding 10% of its net assets by way of increase in exposure to Housing Finance Companies (HFCs) registered with National Housing Bank. Such additional exposure shall be to securities issued by HFCs which are rated AA and above. The total investment/ exposure in HFCs shall not exceed 30% of the net assets of the Scheme.

It is also clarified that since the investments in short term deposits of scheduled commercial banks is allowed pending deployment of funds of a scheme, the same shall also be excluded while calculating sector exposure

d. Debentures, irrespective of any residual maturity period (above or below one year), shall attract the

investment restrictions as applicable for debt instruments.

e. The Fund under all its Schemes shall not own more than 10% of any company's paid up capital carrying voting rights;

f. Transfer of investments from one scheme to another scheme, including this scheme, under the Mutual Fund shall be allowed only if :

I. Such transfers are done at the prevailing market price for quoted securities on spot basis; explanation -

“spot basis” shall have the same meaning as specified by the stock exchange for spot transactions, and

II. The securities so transferred shall be in conformity with the investment objective of the scheme to which such transfer has been made.

36

g. The Mutual Fund shall buy and sell securities on the basis of deliveries and shall in all cases of purchases, take delivery of relative securities and in all cases of sale, deliver the securities and shall in no case put itself in a position whereby it has to make short sale.

Provided that securities lending and borrowing shall be in accordance with the framework specified by the Board:

Provided further that sale of government security already contracted for purchase shall be permitted in accordance with the guidelines issued by the Reserve Bank of India in this regard.

h. The scheme shall provide that the securities be purchased or transferred in the name of the Mutual Fund for

the relevant scheme, wherever the investments are intended to be of a long-term nature. i. Pending deployment of funds of a scheme in terms of investment objectives of the scheme, a mutual fund

may invest them in short term deposits of schedule commercial banks, subject to such Guidelines as may be specified by the Board. Further, SEBI vide its circular SEBI/IMD/CIR No.7/129592/08 dated June 23, 2008 has clarfied that SEBI circular no. SEBI/IMD/CIR No.1/91171/07 dated April 16, 2007 on Parking of Funds in Short Term Deposits of Scheduled Commercial Banks by Mutual Funds – Pending Deployment shall not apply to term deposits placed as margins for trading in cash and derivatives market

j. The scheme may invest in another scheme under the same asset management company or any other mutual

fund without charging any fees, provided that aggregate interscheme investment made by all schemes under the same management or in schemes under the management of any other asset management company shall not exceed 5% of the net asset value of the mutual fund.

k. The mutual fund will enter into derivatives transactions in recognized stock exchange for the purpose of

hedging and portfolio balancing, in accordance with the guidelines issued by the Board. l. The scheme shall not make any investment in;

1) any unlisted security of an associate or group company of the sponsor; or

2) any security issued by way of private placement by an associate or group company of the sponsor; or

3) The listed securities of group companies of the sponsor which is in excess of 25% of the net assets. m. The scheme shall not invest more than 10 per cent of its NAV in the equity shares or equity related

instruments of any company and shall not invest more than 5% of its NAV in the unlisted equity shares or equity related instruments.

n. The scheme shall not make any investment in any Fund of Funds scheme. o. The scheme shall not advance any loan for any purpose. Apart from the investment restrictions prescribed under SEBI (MF) Regulations, the fund follows internal norms vis-à-vis exposure to a particular scrip or sector. These norms are reviewed on a periodic basis and monitored regularly.

37

L. PAST PERFORMANCE OF THE SCHEME

a) SBI Magnum Multiplier Fund – Regular Plan - Growth

b) SBI Magnum Balanced Fund – Regular Plan - Growth

c) SBI Magnum Equity Fund – Regular Plan - Growth

‐20

0

20

40

60

F.Y 10‐11 F.Y 11‐12 F.Y.12‐13 F.Y.13‐14 F.Y.14‐15

Returns (%

)

Financial Year


SBI Magnum Multiplier Fund ‐ Regular Plan ‐ Growth S&P BSE 200

‐20

30

80

F.Y 10‐11 F.Y 11‐12 F.Y.12‐13 F.Y.13‐14 F.Y.14‐15

Returns (%

)

Financial Year


SBI Magnum Balanced Fund ‐ Regular Plan ‐ Growth

‐20

0

20

40

60

F.Y 10‐11 F.Y 11‐12 F.Y.12‐13 F.Y.13‐14 F.Y.14‐15

Returns (%

)

Financial Year


SBI Magnum Equity Fund ‐ Regular Plan ‐ Growth CNX Nifty Index

38

d) SBI Magnum Global Fund – Regular Plan - Growth

e) SBI Premier Liquid Fund – Regular Plan - Growth

Performance of Schemes as on May 31, 2015 1 Year (%) 3 Years (%) 5 Years (%) Since

Inception (%) SBI Magnum Multiplier Fund– Regular Plan -Growth 36.50 28.93 15.17 15.21 S & P BSE 200 19.76 20.86 10.43 11.58

SBI Magnum Balanced Fund – Regular Plan - Growth 33.03 27.54 14.92 16.99 Crisil Balanced Fund Index 15.31 16.12 10.05 N.A.

SBI Magnum Equity Fund – Regular Plan - Growth 28.46 22.85 13.78 15.30 CNX Nifty Index 16.70 19.68 10.65 14.35

SBI Magnum Global Fund 94 – Regular Plan - Growth 47.91 33.77 21.67 15.82 S&P BSE Midcap

31.10 26.09 11.78 N.A.

‐20

0

20

40

60

80

F.Y 10‐11 F.Y 11‐12 F.Y.12‐13 F.Y.13‐14 F.Y.14‐15

Returns (%

)

Financial Year


SBI Magnum Global Fund 94 ‐ Regular Plan ‐ Growth S&P BSE Midcap

0

2

4

6

8

10

F.Y. 10 ‐ 11 F.Y. 11 ‐ 12 F.Y. 12 ‐ 13 F.Y. 13 ‐ 14 F.Y. 14 ‐ 15

Returns (%

)

Financial Year


SPLF ‐ Regular ‐ Growth Crisil Liquid Fund Index

39

SBI Premier Liquid Fund - Growth 8.82 9.09 8.83 7.81 Crisil Liquid Fund Index 8.80 8.85 8.42 7.67

M. DEBT MARKET IN INDIA The Indian debt markets are one of the largest and rapidly developing markets in Asia. Government and Public Sector enterprises are the predominant borrowers in the market. The debt markets have received lot of regulatory and governmental focus off late and are developing fast, with the rapid introduction of new instruments including derivatives. Foreign Institutional Investors are also allowed to invest in Indian debt markets subject to ceiling levels announced by the government. There has been a considerable increase in the trading volumes in the market. The trading volumes are largely concentrated in the Government of India Securities, which contribute a significant proportion of the daily trades. The money markets in India essentially consist of the call money market (i.e. market for overnight and term money between banks and institutions), repo transactions (temporary sale with an agreement to buy back the securities at a future date at a specified price), commercial papers (CPs, short term unsecured promissory notes, generally issued by corporates), certificate of deposits (CDs, issued by banks) , Treasury Bills (issued by RBI) and the CBLO (collateralized lending and borrowing facility). Government securities are largely traded on a Negotiated Order Matching system (NDS OM) apart from the OTC market. The settlement of trades both in the Gsec markets and the overnight repo and CBLO are guaranteed and done by a central counterparty, the Clearing corporation of India (CCIL). Money market deals involving CD’s and CP’s are traded and settled on an OTC basis. The clearing and settlement of corporate bond deals are now routed through a central counterparty established by the exchanges BSE (ICCL) and NSE (NSCCL) which settles deals on a DVP (Delivery versus payment ) non guaranteed basis. The current market yields of various instruments and the factors affecting prices of such securities are given hereunder. The securitized instruments of higher ratings generally offer yields which are 50-75 basis points higher than the comparable normal debt instruments. Following are the yield matrix of various debt instruments as on June 10, 2015:

Instruments Indicative yield range

Overnight rates 7.25%-7.50%

90 day Commercial Paper 7.95%-8.10%

91-day T-bill 7.65%-7.68%

1 year G-Sec. 7.75%-7.77%

5 year G – Sec 8.00%-8.05%

10 year G-Sec. 7.80%-7.83%



The interest rate market conditions are influenced by the Liquidity in the system, Credit growth, GDP growth, Inflows into the Country, Currency movement in the Forex market, demand and supply of issues and change in investors’ preference. Generally when there is a rise in interest rates the price of securities fall and vice versa. The extent of change in price shall depend on the rating, tenor to maturity, coupon and the extent of fall or rise in interest rates. The Government securities carry zero credit risk, but they carry interest rate risk like any other Fixed Income Securities. Money market instruments such as CP’s and CD’s which are fairly liquid are not listed in exchanges. The impact cost of offloading the various asset classes differ depending on market conditions and may impair the value of the securities to that extent. Further, investments in securitized instruments or structured obligation papers carry a higher illiquidity risk. They also carry limited recourse to the originator, delinquency risk out of the defaults on the receivables and prepayment risk which affects the yields on the instruments.

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N. INVESTMENTS OF AMC IN THE SCHEME The AMC may invest in the scheme, such amount, as they deem appropriate. But the AMC shall not be entitled to charge any management fees on this investment in the scheme. Investments by the AMC will be in accordance with Regulation 24(3) of the SEBI (MF) Regulations, 1996 which states that: "The asset management company shall not invest in any of its schemes unless full disclosure of its intention to invest has been made in the Offer Document ( presently Scheme Information Document), provided that the asset management company shall not be entitled to charge any fees on its investment in the scheme." O. INVESTMENTS IN OTHER SCHEMES According to the Clause 4 of Schedule 7 read with Regulation 44(1), of the SEBI (MF) Regulations, 1996: "A scheme may invest in another scheme under the same asset management company or any other mutual fund without charging any fees, provided that aggregate inter-scheme investments made by all schemes under the same management or in schemes under the management of any other asset management company shall not exceed 5% of the net asset value of the mutual fund." P. STOCK LENDING If permitted by SEBI under extant regulations/guidelines, the scheme may also engage in stock lending. Stock lending means the lending of stock to another person or entity for a fixed period of time, at a negotiated compensation. The securities lent will be returned by the borrower on expiry of the stipulated period. The Fund may in future carry out stock-lending activity under it’s the scheme, in order to augment its income. Stock lending may involve risk of default on part of the borrower. However, this risk will be substantially reduced as the Fund has opted for the "Principal Lender Scheme of Stock Lending", where entire risk of borrower's default rests with approved intermediary and not with the Fund. There may also be risks associated with Stock Lending such as liquidity and other market risks. Any stock lending done by the scheme shall be in accordance with any Regulations or guidelines regarding the same. The AMC will apply the following limits, should it desire to engage in Stock Lending:

(a) Not more than 20% of the net assets can generally be deployed in Stock Lending (b) Not more than 5% of the net assets can generally be deployed in Stock Lending to any single counter

party. Q. PROCEDURES FOLLOWED FOR INVESTMENT DECISIONS The investment policy manual defines the broad guidelines for investments by various funds. Fund managers invest based on the offer document limits, regulatory limits and internal guidelines as set out in the Investment policy manual. Fund managers take input from the research team. The Head of Research will be heading the research team and will be responsible for the research output and performance. The transactions relating to the investments will be carried out by separate Debt and Equity Dealers. The processes and risks in the Investment activities will be monitored through a senior functionary reporting to the CIO. Investment committee is playing the role of governance and supervisory body for all investment related activities. The committee will hold a meeting on a periodic basis for a detailed review of portfolio holdings, scheme performance and investment strategy and also to ensure adherence to all internal processes. The Investment Committee monitors and supervises the investment decisions made by the Investment team and also monitors the risk parameters in each scheme to ensure that the investment limits are properly observed. The risk origination for the investments is done based on the guidelines issued by SEBI and Board of Trustees. Concurrent auditors periodically check the limits and their reports are placed before the Audit Committee, which is comprised of the independent Directors and Trustees R. INVESTMENT IN REPO IN CORPORATE DEBT SECURITIES

In accordance with the applicable regulatory guidelines on repo transactions, the following broad guidelines shall be followed by the Fund for participating in repo in corporate debt securities: 1. The gross exposure of the scheme to repo transactions in corporate debt securities shall not be more than

10% of the net assets of the concerned scheme.



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4. The Scheme shall borrow through repo transactions only if the tenor of the transaction does not exceed a period of 6 months in terms of Regulation 44 (2) of SEBI (Mutual Funds) Regulations, 1996.


1. Category of counterparty - The schemes of SBI Mutual Fund would transact in corporate bond repo

only with counterparties in the approved list applicable for secondary market transactions in Corporate and Money market securities.

2. Credit Rating of the counterparty - The schemes shall participate in corporate bond repo transactions with only those counterparties who have a credit rating of AA- and above and are part of the approved counterparty universe. Corporate bond repo transactions with counterparties rated below AA- would be with prior approval of the Board.




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III. UNITS AND OFFER

A. NEW FUND OFFER (NFO) This section does not apply to the scheme, as the ongoing offer of the Scheme has commenced after the NFO period, and the units are available for continuous subscription and redemption. New Fund Offer Period This is the period during which a new scheme sells its units to the investors.

Not Applicable, these schemes have already been launched

New Fund Offer Price: This is the price per unit that the investors have to pay to invest during the NFO.

These Schemes having new fund price of Rs. 10/- per unit


The Schemes are opened for subscription on ongoing basis.

Minimum Target amount This is the minimum amount required to operate the scheme and if this is not collected during the NFO period, then all the investors would be refunded the amount invested without any return. However, if AMC fails to refund the amount within 6 weeks, interest as specified by SEBI (currently 15% p.a.) will be paid to the investors from the expiry of six weeks from the date of closure of the subscription period.

Not Applicable

Maximum Amount to be raised No upper limit. Plans / Options offered Not applicable as the Scheme is opened for

subscription on ongoing basis. Dividend Policy Not applicable as the Scheme is opened for

subscription on ongoing basis. Allotment Not applicable as the Scheme is opened for

subscription on ongoing basis. Refund This is not a new fund offer Who can invest This is an indicative list and you are requested to consult your financial advisor to ascertain whether the scheme is suitable to your risk profile.

Not applicable as the Scheme is opened for subscription on ongoing basis. Please refer to section ‘Ongoing offer details’.

Where can you submit the filled up applications. Not applicable as the Scheme is opened for subscription on ongoing basis. Please refer to section ‘Ongoing offer details’.

How to Apply Not applicable as the Scheme is opened for subscription on ongoing basis. Please refer to section ‘Ongoing offer details’.

Listing Units of the Schemes are not listed in any Stock Exchange

The policy regarding reissue of repurchased units, including the maximum extent, the manner of reissue, the entity (the scheme or the AMC) involved in the same.

Not Applicable

Special Products / facilities available during the NFO Not Available Restrictions, if any, on the right to freely retain or dispose of units being offered.

Not Applicable

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B. ONGOING OFFER DETAILS

Ongoing Offer Period / Date of opening of subscription list This is the date from which the scheme will reopen for redemptions after the closure of the NFO period.

Scheme Open Date SBI Magnum Multiplier Fund

This scheme has been formulated by conversion of Magnum Multiplier Plus Scheme1993, a close-ended scheme, to an open ended scheme. The closed-ended Magnum Multiplier Plus Scheme 1993 was launched on 14th January 1993. The scheme commenced repurchases from 1st March 1996. The scheme re-opened for continuous repurchase and sales from 1st April, 1998.


30th August, 1995


This scheme has been formulated by conversion of Magnum Multiplier scheme 1990, a close-ended scheme redeeming on 31st December 1997, to an open-ended scheme. The scheme re-opened for continuous repurchase and sales from 1st January, 1998.


SBI Magnum Global Scheme 1994 commenced from 24th August 1994. This scheme was launched on 24th August 1994 as a close-ended scheme redeeming on 30th. September 1999. The scheme has been converted into an open-ended fund from 1st October 1999.

SBI Premier Liquid Fund *

17th November 2003

* The name of the Scheme was changed as SBI Premier Liquid Fund from Magnum Institutional Income Fund w.e.f March 23, 2007 However, the Fund may temporarily suspend acceptance of fresh application at any time.

Ongoing price for subscription (purchase)/switch-in (from other schemes/plans of the mutual fund) by investors This is the price you need to pay for purchase/switch-in.

On an ongoing basis, Magnums/Units under the scheme(s) will be offered for sale on all business days at NAV related prices.

Ongoing price for redemption (sale) /switch outs (to other schemes/plans of the Mutual Fund) by investors. This is the price you will receive for redemptions/switch outs. Example: If the applicable NAV is Rs. 10, exit load is 2% then redemption price will be:

Rs. 10* (1-0.02) = Rs. 9.80

The Units purchased under this scheme can be sold back to the fund on any business day and would be subject to the exit load structure as mentioned in the Scheme Information Document. For applications received at the Registrar’s Office of SBIMF, OPAT of SBI MF on any business day, the repurchase price will be based on the applicable NAV. In case the offices of the AMC or the registrars or the Banks are closed for any reason the repurchase date will be taken as the date of the next business day. The repurchased Magnums / Units will be extinguished and will not be reissued. The Magnum holder / Unit holder may request the redemption of a specified

44

rupee amount or a specified number of Magnums/Units. The redemption would be permitted to the extent of the credit balance in the Magnum holder’s / Unit holder’s account. The number of Magnums/Units redeemed will be equal to the amount redeemed divided by the applicable repurchase price. The number of Magnums/Units redeemed will be subtracted from the Magnum holder’s / Unit holder’s account and a revised account statement will be issued to the Magnum holder / Unit holder. Magnums / Units purchased by cheque cannot be redeemed till the cheque is cleared.

Cut off timing for subscriptions/ redemptions/ switches This is the time before which your application (complete in all respects) should reach the official points of acceptance.

Cut-off time for subscriptions / redemptions/ switches for all schemes except SBI premier Liquid Fund : 3.00 pm

Minimum Amount for purchase/ switch in

Scheme Name Amount of subscription SBI Magnum Multiplier Fund








SBI Premier Liquid Fund

Rs. 50,000/- and in multiples of Re. 1

The Mutual Fund reserves the right to alter the minimum subscription amount under the scheme.

Minimum amount for Additional purchase Scheme Name Amount of subscription SBI Magnum Multiplier Fund

Minimum of Rs. 1000/- and in multiples of Re. 1/- SBI Magnum

Balanced Fund SBI Magnum Equity Fund SBI Magnum Global Fund SBI Premier Liquid Fund

Rs. 10,000/- and in multiples of Re.1

Where can the applications for purchase/redemption switches be submitted?

For submitting the applications for purchase/ redemption please see the list of official points of acceptance given on last page.

Plans / Options offered The Schemes will have two Plans viz, Regular Plan & Direct Plan. a) Direct Plan: Direct Plan is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. All the features of the Direct Plan under Scheme like the investment objective, asset allocation pattern, investment strategy, risk factors, facilities offered, load structure etc. will be the same except for a lower expense ratio as detailed in Section IV – Fees and Expenses – B. – Annual Recurring Expenses.. Brokerage/Commission paid to distributors will not be paid / charged under the Direct Plan. Both the

45

plans shall have a common portfolio. Eligible investors: All categories of investors as permitted under the Scheme Information Document of the Scheme are eligible to subscribe under Direct Plan.


How to apply: Investors desirous of subscribing under Direct Plan

of a Scheme will have to ensure to indicate “Direct Plan” against the Scheme name in the application form.

Investors should also indicate “Direct” in the ARN column of the application form.

b) Regular Plan

This Plan is for investors who wish to route their investment through any distributor. c) Growth Option:

Dividends will not be declared under this Option. The income attributable to Units under this Option will continue to remain invested and will be reflected in the Net Asset Value of Units under this Option. d) Dividend Option

Under this Option, it is proposed to declare dividends subject to availability of distributable profits, as computed in accordance with SEBI (MF) Regulations. The Trustee reserves the right to declare dividends under the dividend option of the Scheme(s) depending on the availability of distributable surplus under the Scheme(s). e) Dividend Payout Facility

Dividends, if declared, will be paid (subject to deduction of tax at source, if any) to those Unitholders / Beneficial Owners whose names appear in the Register of Unit holders maintained by the Mutual Fund/ statement of beneficial ownership maintained by the Depositories, as applicable, on the notified record date. f) Dividend Re-investment Facility

Unit holders opting for Dividend Option may choose to reinvest the dividend to be received by them in additional Units of the Scheme(s). Under this facility, the dividend due and payable to the Unit holders will be compulsorily and without any further act by the Unit holders, reinvested in the Dividend Option at the

46

prevailing ex-dividend Net Asset Value per Unit on the record date. The amount of dividend re-invested will be net of tax deducted at source, wherever applicable. The dividends so reinvested shall constitute a constructive payment of dividends to the Unit holders and a constructive receipt of the same amount from each Unit holder for reinvestment in Units. On reinvestment of dividends, the number of Units to the credit of Unit holder will increase to the extent of the dividend reinvested divided by the Applicable NAV as explained above. There shall, however, be no Entry Load and Exit Load on the dividend so reinvested. The AMC reserves the right to introduce a new option / investment Plan at a later date, subject to the SEBI (MF) Regulations.

Scheme Plan Option Sub –Option Name


Regular & Direct

Growth & Dividend



Regular & Direct

Growth & Dividend



Regular & Direct

Growth & Dividend



Regular & Direct

Growth & Dividend



Regular & Direct

Growth & Dividend

Payout, Reinvestment & Transfer Dividend frequency - Daily, Weekly & Fortnightly Dividend *

Note: SBI Premier Liquid Fund had two plans viz, Institutional & Super Institutional Plan. Pursuant to SEBI Circular no. CIR/IMD/DF/21/2012 dated September 13, 2012 related to single plan, no subscription will be accepted in SBI Premier Liquid Fund – Institutional Plan with effect from October 01, 2012. The surviving Plan has been renamed as SBI Premier Liquid Fund. * Daily Dividend under the Scheme would be compulsory reinvested. Payout under the weekly and fortnightly Dividends would be effected only for investment of Rs. 1 crore and above. Declaration of dividend under the scheme is subject to availability of distributable surplus. Default option under SBI Premier Liquid Fund is Dividend option & default sub – option is daily. Default facility under SBI Premier Liquid Fund is reinvestment. In case of Regular and Direct plan the default plan under following scenarios will be:

47

Scenario

Broker Code mentioned by the investor



1 Not mentioned

Not mentioned

Direct Plan

2 Not mentioned

Direct Direct Plan

3 Not mentioned

Regular Direct Plan


5 Direct Not Mentioned

Direct Plan



8 Mentioned Not Mentioned

Regular Plan

In cases of wrong/ invalid/ incomplete ARN codes mentioned on the application form, the application shall be processed under Regular Plan. The AMC shall contact and obtain the correct ARN code within 30 calendar days of the receipt of the application form from the investor/ distributor. In case, the correct code is not received within 30 calendar days, the AMC shall reprocess the transaction under Direct Plan from the date of application without any exit load. Under the Dividend option, facility for reinvestment/payout & transfer of dividend is available. The Dividend option would endeavour to declare dividends subject to the availability of distributable surplus and at the discretion of the Fund Manager subject to the approval of the Trustees. The Growth option would not declare dividends and returns in this option would be through capital appreciation only. Both options however may declare bonus Magnums /Units subject to the availability of distributable surplus. Both the options would be maintained as a common portfolio. The Unit holders may reinvest any dividend due to them, at no sales charge by indicating at the appropriate place in the application form. The dividend reinvestment may be cancelled on receipt of a request from the Unit holders for the same. As and when the dividend is declared by a Scheme(s) and the dividend amount payable is less than Rs. 250/- (Rupees Two Hundred and Fifty only), the same will be compulsorily reinvested in the respective Scheme(s)/ Plan(s)/ Option(s) immediately on the ex-dividend date at applicable NAV.

Minimum amount for redemption/switch out

Fund Name Repurchase SBI Magnum Multiplier Fund Rs. 1000/- or

100 or account balance whichever is lower




48

SBI Premier Liquid Fund Rs.10,000/- or 10 units or account balance which ever is lower

Minimum balance to be maintained and consequences of non maintenance.

If as a result of repurchase the balance in the account of an investor falls below minimum amount of redemption the fund will reserve the right to compulsorily redeem the account completely at applicable repurchase price, after giving him/her 30 days’ notice requesting him to enhance the balance by making fresh investments.

Dividend Policy The Trustee reserves the right to declare dividends under the dividend option of the Scheme depending on the net distributable surplus available under the Scheme. The procedure and manner of payment of dividend shall be in line with SEBI circular / guidelines no. SEBI / IMD / CIR No. 1 / 64057 / 06 dated April 04, 2006 and SEBI / IMD / CIR No. 3 / 65370 / 06 dated April 21, 2006 as amended from time to time.

Special Products (i) Systematic Investment Plan (Except for SPLF) For all schemes except Liquid Scheme the fund offers SIP through ECS/ Direct Debit or through post dated Cheque Under SIP an investor can invest a fixed amount i.e. minimum of Rs. 1000 & in multiples of Re. 1 can be invested every month for six months / Rs.500 & in multiples of Re. 1 every month for a year / Rs. 1500 & in multiples of Re. 1 per quarter for atleast one year by indicating in the application form or by issuing advance instructions to the Registrars at any time. For individual investors, the fund offers a Systematic Investment Plan (SIP) at all OPAT of SBI MF. Under this Facility, an investor can invest a fixed amount. The minimum amount of investment for SIP transactions is Rs. 6000 (aggregate) either through Rs. 500 per month (for 12 months) or Rs. 1000 per month (for 6 months). or Rs. 1500 per quarter (for 12 months). This facility will help the investor to average out their cost of investment over a period of six months or one year and thus overcome the short-term fluctuations in the market. Investors must indicate their choice on their application form in the box provided for the purpose. The post-dated cheques must be dated the 1st/5th/10th/15th/20th/25th/30th (For February, last business day) of every month and drawn in favour of the scheme as specified in the application form and crossed "Account Payee Only". The application may be mailed to the Registrars directly or submitted at any of the OPAT of SBI MF. The amount will be invested in the scheme at applicable NAV on the date of SIP. The number of Units allotted to the investor will be equal to the amount invested during the month divided by the Sale Price for that day. An intimation of the allotment will be sent to the investor. The investor may terminate the facility after giving at least three weeks' written notice to the Registrar. For all payments made by cheques, the date of realization of

49

a cheques will be taken as the date of investment and the amount invested will be deemed to be the amount realized net of bank charges (if any). SBI Chota SIP – SBI Chota SIP (earlier known as MicroSIP) facility under the current Systematic Investment Plan facility is available under the Growth Options of SBI Magnum Balanced Fund, SBI MMF, SBI Contra Fund & SBI Blue Chip Fund. The Minimum Investment Amount will be Rs. 100 and in multiples of Rs 50/- thereof. The Minimum Redemption Amount will be Rs. 500. Minimum tenure of SIP will be 5 years. SBI Chota SIP facility would be offered to investors having Auto debit facility/ Direct debit facility with certain banks where SBI Funds Management Private Limited has specific arrangements. All other terms and conditions as applicable to Systematic Investment Plan facility of the Scheme also apply to SBI Chota SIP facility. Subscription to SIP through ECS List of Cities for SIP ECS Facility : Agra, Ahmedabad, Allahabad, Amritsar, Anand, Asansol, Aurangabad, Bangalore, Bardhaman, Baroda, Belgaum, Bhavnagar, Bhilwara, Bhopal, Bhubaneshwar, Bijapur, Bikaner, Calicut, Chandigarh, Chennai, Cochin, Coimbatore, Cuttack, Davangere, Dehradun, Delhi, Dhanbad, Durgapur, Erode, Gadag, Gangtok, Goa, Gorakhpur, Gulbarga, Guwahati, Gwalior, Haldia, Hasan, Hubli , Hyderabad, Imphal, Indore, Jabalpur, Jaipur, Jalandhar, Jammu, Jamnagar, Jamshedpur, Jodhpur , Kakinada, Kanpur, Kolhapur, Kolkata, Kota, Lucknow, Ludhiana, Madurai, Mandya, Mangalore, Mumbai, Mysore, Nagpur, Nasik, Nellore, , Patna, Pondicherry, Pune, Raichur, Raipur, Rajkot, Ranchi, Salem, Shillong, Shimla , Shimoga, Sholapur, Siliguri, Surat, Tirunelveli, Tirupati, Tiruppur, Trichur, Trichy, Trivandrum, Tumkur, Udaipur, Udipi, Varanasi, Vijaywada, Vizag List of Direct Debit Banks (All core branches): Axis Bank, Bank Of Baroda, Bank Of India, Citibank, Corporation Bank, HDFC Bank, IDBI Bank, Indusind Bank, Kotak Mahindra Bank, Punjab National Bank, State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of India, State Bank of Mysore, State Bank of Patiala, State Bank of Travancore, Union Bank Of India The AMC also provides SIP debit facility in select participating banks through NACH system. The AMC has the discretion to include more cities/remove cities from the above list offering the Easy Pay Facility at any time. Completed application form, SIP Auto debit mandate form and the first cheque should be submitted at least 30 days before the transaction date. Investors should mandatorily give a cheque for the first transaction drawn on the same bank account for Easy Pay Facility The application form, mandate form along with the cancelled cheque / photocopy of the cheque should be

50

sent to Investor Service Center/Investor Service Desk or designated collection centers of the Registrar. Existing investors are required to submit only the SIP Auto Debit mandate form indicating the existing folio number and the investment details as in the SIP Auto debit form along with the first cheque and the Cancelled cheque / Photocopy of the cheque. Post Dated Cheques On an ongoing basis, Investors can subscribe to SIP facility by submitting completed application forms along with post dated cheques. Entry into SIP can be on any date. However investor has to select SIP cycle of 1st/5th / 10th/15th /20th/ 25th/30th (For February last business day). A minimum 15 days gap needs to be maintained between SIP entry date and SIP cycle date. Subsequent post dated cheques must be dated 1st/5th / 10th/15th /20th/ 25th/30th (For February last business day)of every month drawn in favour of the scheme as specified in the application form and crossed “Account Payee Only”. The application may be mailed to the Registrars directly or submitted at any of the Investor Service Centers. The number of Units allotted to the investor will be equal to the amount invested during the month divided by the Sale Price for that day. An intimation of the allotment will be sent to the investor. The investor may terminate the facility after giving at least three weeks' written notice to the Registrar. Fixed-end Period SIP Investors can opt for a SIP for a period of 3 years, 5 years, 10 years, and 15 years in addition to the existing end date & perpetual SIP options. Terms and conditions of Fixed-end period for SIP are as follows: 1. If the investor does not specify the end date of

SIP, the default period for the SIP will be considered as perpetual.

2. If the investor does not specify the date of SIP, the default date will be considered as 10th of every month.

3. If the investor does not specify the frequency of SIP, the default frequency will be considered as Monthly.

4. If the investor does not specify the plan option, the default option would be considered as Growth option.

5. If investor specifies the end date and also the fixed end period, the end date would be considered.

Top-up SIP Top-up SIP is a facility whereby an investor has an option to increase the amount of the SIP installment by a fixed amount at pre-defined intervals. This will enhance the flexibility of the investor to invest higher amounts during the tenure of the SIP.

51

Terms and conditions of Top-up SIP are as follows: 1. The Top-up option must be specified by the

investors while enrolling for the SIP facility. 2. The minimum SIP Top-up amount is Rs. 500 and in

multiples of Rs. 500. 3. The Top-up details cannot be modified once

enrolled. In order to make any changes, the investor must cancel the existing SIP and enroll for a fresh SIP with Top-up option.

4. In case of Monthly SIP, Half-yearly as well as Yearly frequency are available under SIP Top-up. If the investor does not specify the frequency, the default frequency for Top-up will be considered as Half-yearly.

5. In case of Quarterly SIP, only the Yearly frequency is available under SIP Top-up.

6. Top-up SIP will be allowed in all schemes in which SIP facility is being offered.

7. All other terms & conditions applicable for regular SIP will also be applicable to Top-up SIP.

8. SIP Top-up facility shall be available for SIP Investments through ECS (Debit Clearing) / Direct debit facility only.

(ii) Systematic Withdrawal Plan Under SWP, a minimum amount of Rs. 500/- can be withdrawn every month or quarter by indicating in the application form or by issuing advance instructions to the Registrar at any time. Investors may indicate the month and year from which SWP should commence along with the frequency. SWP will be processed on 1st working day of every Month / Quarter and payment would be credited to the registered bank mandate account of the investor through Direct Credit or cheques would be issued. SWP entails redemption of certain number of Magnums that represents the amount withdrawn. Thus it will be treated as capital gains for tax purposes. (iii) Systematic Transfer Plan Systematic Transfer Plan is a combination of systematic withdrawal from one scheme and systematic investment into another scheme. Therefore the minimum amount of withdrawals applicable under SWP would be applicable to STP also. Similarly the minimum investments applicable for each scheme under SIP would be applicable to STP. Completed application form for STP should be submitted at least 7 days before the transaction date. STP facility would allow investors to transfer a predetermined amount or units from one scheme of the Mutual Fund to the other. The transfer would be effected on any business day as decided by the investor at the time of opting for this facility. STP would be permitted for a minimum period of six months between two schemes. The transfer would be affected on the same date of every month (or on the subsequent business day, if the date of first transfer is a holiday) on which the first transfer was affected. STP can be terminated by giving advance notice to the Registrars. Terms and conditions of monthly & quarterly STP: STP would be permitted for a minimum period of six

52

months between two schemes. The transfer would be effected on the same date of every month (or on the subsequent business day, if the date of transfer is a holiday) on which the first transfer was effected. STP can be terminated by giving advance notice of minimum 7 days to the Registrars. In respect of STP transactions, an investor would now be permitted to transfer any amount from the switchout scheme, subject to a minimum transfer of Rs. 1000 & in multiples of Re. 1 thereafter for minimum six months (or) minimum Rs. 500 & in multiples of Re. 1 thereafter for minimum one year and in case of quarterly frequency minimum Rs. 1500 & in multiples of Re. 1 thereafter for minimum one year without any restriction on maintaining the minimum balance requirement as stipulated for the switch out scheme. STP-in is not available in all Liquid schemes. STP-out is available from all open ended schemes subject to the minimum amount applicable for STP-in of the respective scheme The Schemes also offer daily & weekly STP and the terms and conditions of daily & weekly STP are as follows: 1. Under this facility, investor can transfer a

predetermined amount from one scheme (Source Scheme) to the other scheme (Target Scheme) on daily basis / weekly basis.

2. Currently, this facility is available through SBI Magnum InstaCash Fund (Cash & Dividend Plan), SBI Magnum Instacash Fund – Liquid Floater Plan, SBI Premier Liquid Fund, SBI Ultra Short Term Debt Fund, SBI Short Term Debt Fund & SBI Savings Fund (Source Scheme).

3. Target schemes allowed would be all open ended equity schemes, SBI Magnum Balanced Fund and SBI Gold Fund.

4. Minimum amount of STP will be Rs. 1000 & in multiple of Re. 1 for daily STP & Rs. 2000 & in multiple of Re. 1 for weekly STP.

5. Minimum number of installments will be 12 for daily STP & 6 for weekly STP.

6. Weekly STP will be done on 1st, 8th, 15th & 22nd of every month. In case any of these days is a non-business day then the immediate next business day will be considered.

7. Completed application form for STP should be submitted by investors at least 10 calendar days before the first transaction date.

8. Daily and weekly STP facility shall not be available from/to daily/weekly dividend plans of any scheme

9. Exit load shall be as is applicable in the target/source schemes.

Default frequency for STP is Monthly & default date for the start of STP is 10th. 1. Flex Systematic Transfer Plan in all the open-ended schemes of SBI Mutual Fund offering Systematic Transfer Plan (STP) facility: Flex Systematic Transfer Plan is a facility wherein an investor under a designated open-ended Scheme can

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opt to transfer variable amounts linked to the value of his investments on the date of transfer at pre-determined intervals from designated open-ended scheme (source scheme) to the Growth option of another open-ended scheme (target scheme). Terms and conditions of Flex STP are as follows: 1. The amount to be transferred under Flex STP from

source scheme to target scheme shall be calculated using the below formula: Flex STP amount = [(fixed amount to be transferred per installment x number of installments already executed, including the current installment) - market value of the investments through Flex STP in the Transferee Scheme on the date of transfer]

2. The first Flex STP installment will be processed for the fixed installment amount specified by the investor at the time of enrolment. From the second Flex STP installment onwards, the transfer amount shall be computed as per formula stated above.

3. Flex STP would be available for Monthly and Quarterly frequencies.

4. Flex STP is not available from “Daily / Weekly” dividend plans of the source schemes.

5. Flex STP is available only in “Growth” option of the target scheme.

6. If there is any other financial transaction (purchase, redemption or switch) processed in the target scheme during the tenure of Flex STP, the Flex STP will be processed as normal STP for the rest of the installments for a fixed amount.

7. A single Flex STP Enrolment Form can be filled for transfer into one Scheme/Plan/Option only.

8. In case the date of transfer falls on a Non-Business Day, then the immediate following Business Day will be considered for the purpose of determining the applicability of NAV.

9. In case the amount (as per the formula) to be transferred is not available in the source scheme in the investor’s folio, the residual amount will be transferred to the target scheme and Flex STP will be closed.

10. The request for flex STP should be submitted at least 10 calendar days before the first STP date.

11. All other terms & conditions of Systematic Transfer Plan are also applicable to Flex STP.

Capital Appreciation Systematic Transfer Plan (CASTP):

Under this facility investors can transfer capital appreciation from their invested scheme (source scheme) to another open-ended scheme (target scheme). The salient features and terms & conditions of CASTP are given below:

1. Source scheme: This facility is available under Growth option of all open ended schemes [except Equity Linked Savings Scheme & Exchange Traded Funds (ETFs)] of SBI Mutual Fund.

2. Target scheme: All open ended schemes except ETFs and daily dividend options.

3. Frequency: CASTP offers transfer facility at weekly

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(1st. 8th, 15th & 22nd), monthly & quarterly intervals. 4. Amount to be transferred: Capital appreciation, if

any, will be transferred to the target Scheme, subject to minimum of Rs. 100 on any business day.

5. Minimum number of installments: Weekly & monthly frequency – six installments Quarterly frequency - four installments.

6. Capital appreciation, if any, will be calculated from the enrolment date of the CASTP under the folio, till the first transfer date. Subsequent capital appreciation, if any, will be the capital appreciation between the previous CASTP date (where CASTP has been processed and transferred) and the current CASTP date.

7. The application for enrolment / termination for CASTP should be submitted, at least 10 days prior to the desired commencement/ termination date.

8. In case Start Date is mentioned but End Date is not mentioned, the application will be registered for perpetual period.

9. In case End Date is mentioned but Start Date is not mentioned, the application will be registered after the expiry of 10 days from the submission of the application for the date of the transfer mentioned in the application, provided the minimum number of installments is met.

10. Minimum investment requirement in the target scheme and minimum redemption amount in the source scheme is not be applicable for CASTP.

11. Default options: a. Between Regular STP, Flex STP and CASTP – Regular

STP b. Between weekly, monthly & quarterly frequency –

Monthly frequency c. Default date for monthly and quarterly frequency –

10th 12. Investor can register only one CASTP for transfer

from a source scheme. 13. In case the date of transfer falls on a Non-Business

Day, then the immediate following Business Day will be considered for the purpose of transfer.

14. Exit load shall be as applicable in the target/source schemes.


Trigger facilities in all the open-ended schemes of SBI Mutual Fund

Trigger is an event on happening of which the funds from one scheme will be automatically redeemed and/or switched to another scheme as specified by the investor. A trigger will activate a transaction/alert when the event selected for, has reached a value equal to or greater than (as the exact trigger value may or may not be achieved) the specified particular value (trigger point).

Types of Triggers:

1. NAV Appreciation / Depreciation Trigger: Under this facility, Investor can indicate NAV appreciation or depreciation in percentage terms for exit trigger. The minimum % NAV appreciation or depreciation is 5% and in multiples of 1% thereafter. On activation of the

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trigger the applicable NAV for the transaction will be of the day on which the trigger has been activated.

2. Index Level Appreciation / Depreciation

Trigger: Under this facility, investor would indicate the Sensex level as the trigger to redeem/ switch from one scheme to another. The Sensex level to be indicated in multiples of 100 only. In case indicated otherwise, it will be rounded off to nearest 100 points. The investor may choose the Sensex level above or below the current level.

3. Capital Appreciation / Depreciation: Under this

facility, investors will be given the option to indicate the capital appreciation / depreciation in monetary terms to activate the trigger. Minimum Capital Appreciation / Depreciation should be Rs. 10,000 & in multiples of Rs. 1000 thereafter.

Terms and conditions of Trigger facility are as follows: 1. Trigger facility is available only in “Growth”

option of the source scheme. 2. Trigger facility is not available in “Daily /

Weekly” options of the target scheme. 3. Investor has the option to select the entire

amount / appreciation to be processed on the activation of trigger.

4. The Trigger option mandate will be registered on T+10 basis.

5. Minimum investment amount under the “Trigger Facility” is Rs. 25,000/- and in multiples of Rs. 1 thereafter.

6. Combination of trigger facilities is not permitted. The investor may choose only one of the available triggers.

7. The specified trigger will fail, if the investor(s) do not maintain sufficient balance in source scheme(s) on the trigger date. Trigger will also not get executed in case units are under pledge / lien.

8. Trigger facility shall be applicable subject to exit load, if any, in the transferor schemes.

9. Investor cannot modify a Trigger registration once submitted. Investor must cancel the existing Trigger option and enroll for a fresh Trigger option.

10. In case Trigger is not activated within one year of application, the Trigger registration will cease to exist. In such cases, investor(s) would have to register fresh trigger mandates.

11. If any financial transaction (purchase, redemption or switch) processed in the source scheme, the trigger will be cancelled automatically.

Dividend Transfer Plan in all open ended schemes of SBIMF Dividend Transfer Plan is a facility wherein the dividend

declared under an open-ended Scheme (Source Scheme) will automatically be invested into another Open ended Scheme (Target Scheme) except Liquid Schemes. Terms and conditions for availing the above facility is

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detailed below:

1. Minimum amount of dividend eligible for transfer is Rs.1000.00 If the dividend in the source scheme happens to be less than Rs.1000.00, then such dividend will be automatically reinvested in the source scheme irrespective of the option selected by the investor.

2. Investment in the target scheme will be done at the NAV as applicable for switches, with record date being the transaction day.

3. Investor wishing to select Dividend Transfer Plan will have to opt for all units under the respective plan/option of the source scheme.

4. Investors opting for Dividend Transfer Plan has to specify each scheme/plan/option separately & not at the folio level.

5. Minimum investment amount requirement in the target scheme/s will not be applicable for the Dividend Transfer Plan.

6. Request for enrollment must be submitted at least 15 days before the dividend record date.

7. Investors can terminate this facility by giving a written request at least 15 days prior to the dividend record date under the source scheme.

8. This facility is available under daily, weekly and fortnightly dividend option of all schemes


Who can invest This is an indicative list and you are requested to consult your financial advisor to ascertain whether the scheme is suitable to your risk profile.

Prospective investors are advised to satisfy themselves that they are not prohibited by any law governing such entity and any Indian law from investing in the Scheme and are authorized to purchase units of mutual funds as per their respective constitutions, charter documents, corporate / other authorisations and relevant statutory provisions. The following is an indicative list of persons who are generally eligible and may apply for subscription to the Units of the Scheme: Indian resident adult individuals, either singly or

jointly (not exceeding three); Minor through parent / lawful guardian; (please

see the note below) Companies, bodies corporate, public sector

undertakings, association of persons or bodies of individuals and societies registered under the Societies Registration Act, 1860;

Religious and Charitable Trusts, Wakfs or endowments of private trusts (subject to receipt of necessary approvals as required) and Private Trusts authorised to invest in mutual fund schemes under their trust deeds;

Partnership Firms constituted under the Partnership Act, 1932;

A Hindu Undivided Family (HUF) through its Karta; Banks (including Co-operative Banks and Regional

Rural Banks) and Financial Institutions; Non-Resident Indians (NRIs) / Persons of Indian

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Origin (PIO) on full repatriation basis or on non-repatriation basis;

Foreign Institutional Investors (FIIs) registered with SEBI on full repatriation basis;

Qualified Foreign Investor (QFI) Foreign Portfolio Investor Army, Air Force, Navy and other para-military

funds and eligible institutions; Scientific and Industrial Research Organisations; Provident / Pension / Gratuity and such other

Funds as and when permitted to invest; International Multilateral Agencies approved by

the Government of India / RBI; and The Trustee, AMC or Sponsor or their associates (if

eligible and permitted under prevailing laws). A Mutual Fund through its schemes, including

Fund of Funds schemes. Note: Minor can invest in any scheme of SBI Mutual Fund through his/her guardian only. Minor Unit Holder on becoming major is required to provide prescribed document for changing the status in the Fund’s records from ‘Minor’ to ‘Major’. For details of the documentation pertaining to investment made on behalf of minor, please refer to Statement of Additional Information (SAI). Notes : 1. Non Resident Indians and Persons of Indian Origin

residing abroad (NRIs) / Foreign Institutional Investors (FIIs) have been granted a general permission by Reserve Bank of India [Schedule 5 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000 for investing in / redeeming units of the mutual funds subject to conditions set out in the aforesaid regulations.

2. In case of application under a Power of Attorney

or by a limited company or a corporate body or an eligible institution or a registered society or a trust fund, the original Power of Attorney or a certified true copy duly notarised or the relevant resolution or authority to make the application as the case may be, or duly notarised copy thereof, alongwith a certified copy of the Memorandum and Articles of Association and/or bye-laws and / or trust deed and / or partnership deed and Certificate of Registration should be submitted. The officials should sign the application under their official designation. A list of specimen signatures of the authorised officials, duly certified / attested should also be attached to the Application Form. In case of a Trust / Fund it shall submit a resolution from the Trustee(s) authorizing such purchases.

Applications not complying with the above are liable to be rejected.

3. Returned cheques are liable not to be presented

again for collection, and the accompanying application forms are liable to be rejected. In case the returned cheques are presented again,

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the necessary charges are liable to be debited to the investor.

Who cannot invest It should be noted that the following entities cannot invest in the scheme(s) : 1. Any individual who is a Foreign National 2. Overseas Corporate Bodies (OCBs) shall not be

allowed to invest in the Scheme. These would be firms and societies which are held directly or indirectly but ultimately to the extent of at least 60% by NRIs and trusts in which at least 60% of the beneficial interest is similarly held irrevocably by such persons (OCBs).

3. Residents of United States of America and Canada. SBIMFTCPL reserves the right to include / exclude new / existing categories of investors to invest in the Scheme from time to time, subject to SEBI Regulations and other prevailing statutory regulations, if any. Subject to the Regulations, any application for Units may be accepted or rejected in the sole and absolute discretion of the Trustee. For example, the Trustee may reject any application for the Purchase of Units if the application is invalid or incomplete or if, in its opinion, increasing the size of any or all of the Scheme's Unit capital is not in the general interest of the Unit holders, or if the Trustee for any other reason does not believe that it would be in the best interest of the Scheme or its Unit holders to accept such an application. The AMC / Trustee may need to obtain from the investor verification of identity or such other details relating to a subscription for Units as may be required under any applicable law, which may result in delay in processing the application. Defective applications liable for rejection Applications not complete in any respect are liable to be rejected. In the event of non-allotment of Units, no interest will be paid on the money refunded, if refunded within 5 business days. In case of any representation to the Trustees against the disqualification of any application, the decision of the Trustees will be final.

How to Apply Please refer to the SAI and Application form for the instructions. However, investors are advised to fill up the details of their bank account numbers on the application form in the space provided. In order to protect the interest of the Unit holders from fraudulent encashment of cheques, SEBI has made it mandatory for investors in mutual funds to state their bank account numbers in their applications. It may be noted that, in case of those unit holders, who hold units in demat form, the bank mandate available with respective Depository Participant will be treated as the valid bank mandate for the purpose of payout at the time of maturity / redemption or at the time of any corporate action.

SEBI has also made it mandatory for investors to

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mention their Permanent Account Number (PAN) transacting in the units of SBI Mutual Fund, irrespective of the amount of transaction.

Please note that Applications complete in all respects together with necessary remittance may be submitted before the closing of the offer at any OPAT of SBIMF . The application amount in cheque or Demand Draft shall be payable to:

Scheme name Payable to











The Cheques / Demand Drafts should be payable at the Centre where the application is lodged. No outstation cheques or stockinvests will be accepted

Accounts Statements

Pursuant to Regulation 36 of the SEBI Regulation, the following shall be applicable with respect to account statement:

The asset management company shall ensure that consolidated account statement for each calendar month is issued, on or before tenth day of succeeding month, detailing all the transactions and holding at the end of the month including transaction charges paid to the distributor, across all schemes of all mutual funds, to all the investors in whose folios transaction has taken place during that month:

Provided that the asset management company shall ensure that a consolidated account statement every half yearly (September/ March) is issued, on or before tenth day of succeeding month, detailing holding at the end of the six month, across all schemes of all mutual funds, to all such investors in whose folios no transaction has taken place during that period.

Provided further that the asset management company shall identify common investor across fund houses by their permanent account number for the purposes of sending consolidated account statement.

Account Statements for investors holding demat accounts: Subsequent account statement may be obtained from the depository participants with whom the investor holds the DP account.

The asset management company shall issue units in dematerialized form to a unitholder of the Scheme within two working days of the receipt of request from the unitholder.

In terms of SEBI Circular No. IR/MRD/DP/31/2014 dated November 12, 2014 on Consolidated Account

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Statement, investors having Demat account has an option to receive consolidated account statement: • Investors having MF investments and holding securities in Demat account shall receive a single Consolidated Account Statement (CAS) from the Depository. • Consolidation of account statement shall be done on the basis of Permanent Account Number (PAN). In case of multiple holding, it shall be PAN of the first holder and pattern of holding. The CAS shall be generated on a monthly basis. • If there is any transaction in any of the Demat accounts of the investor or in any of his mutual fund folios, depositories shall send the CAS within ten days from the month end. In case, there is no transaction in any of the mutual fund folios and demat accounts then CAS with holding details shall be sent to the investor on half yearly basis. • In case an investor has multiple accounts across two depositories, the depository with whom the account has been opened earlier will be the default depository.

Dividend The dividend warrants shall be dispatched to the unitholders within 30 days of the date of declaration of the dividend. Investors residing in such places where Electronic Clearing Facility is available will have the option of receiving their dividend directly into their specified bank account through ECS. In such a case, only an advice of such a credit will be mailed to the investors.

Dividend Policy The Trustee reserves the right to declare dividends under the dividend option of the Scheme depending on the net distributable surplus available under the Scheme. The procedure and manner of payment of dividend shall be in line with SEBI circular / guidelines no. SEBI / IMD / CIR No. 1 / 64057 / 06 dated April 04, 2006 and SEBI / IMD / CIR No. 3 / 65370 / 06 dated April 21, 2006 as amended from time to time.

Repurchase The redemption or repurchase proceeds shall be dispatched to the unitholders within 10 working days from the date of redemption or repurchase.

Delay in payment of redemption / repurchase proceeds

The Asset Management Company shall be liable to pay interest to the unitholders at such rate as may be specified by SEBI for the period of such delay (presently @ 15% per annum).

Switchover facility

Magnum / Unit holders under the scheme will have the facility of switchover between the two Options in the scheme at NAV. Switchover between this scheme and other schemes of the Mutual Fund would be at NAV related prices. Switchovers would be at par with redemption from the outgoing option/Plan/scheme and would attract the applicable tax provisions and load at the time of switchover.

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Loan facility

Magnum / Unit holders can obtain loan against their Units from any bank, subject to relevant RBI regulations and the respective bank's instructions, by getting a lien registered / recorded with the Registrars. Magnum / Unit holders who have borrowed against their Units by recording a lien against their holding can avail of repurchase facility only after the receipt of instructions from the concerned lender that the loan has been repaid in full and the lien can be discharged. In case such an instruction is not received, the lender can apply for redemption in his favour. In such a case, the Mutual Fund reserves the right to redeem the Units in favour of the concerned lender after giving 15 days notice to the Unit holder.

Scheme to be binding

The Trustees may, from time to time, add to or otherwise vary or alter all or any of the features or terms of the scheme, with prior approval of SEBI and the Unit holders in accordance with SEBI Regulations, and the same shall be binding on each Unit holder and any person(s) claiming through or under it, as if each Unit holder or such person(s) expressly agreed that such features or terms should be so binding.

Right to Limit Redemptions

The Mutual Fund reserves the right to temporarily suspend further reissues or repurchases under the scheme in case of any of the following: - a natural calamity / strikes / riots and bandhs or - in case of conditions leading to a breakdown of the normal functioning of securities markets or - periods of extreme volatility of markets, which in the opinion of AMC, prejudicial to the interest of the unit holders of the scheme or illiquidity - under a SEBI or Government directive - under a court decree / directive - in the event of any force majeure or disaster that affect a normal functioning of AMC or the Registrar - political, economic or monetary events or any circumstances outside the control of the Trustee and the AMC. Suspension or restriction of repurchase/redemption facility under any scheme of the mutual fund shall be made applicable only after the approval from the Board of Directors of the Asset Management Company and the Trustee. The approval from the Board of Directors and the Trustees giving details of circumstances and justification for the proposed action shall also be informed to SEBI in advance.

Termination of the scheme

The Trustees reserve the right to terminate the scheme at any time if the corpus of the scheme falls below Rs. 1 crore. Regulation 39(2) of the SEBI Regulations provides that any scheme of a mutual fund may be wound up after repaying the amount due to the Unit holders: (a) on the happening of any event which, in the

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opinion of the Trustees, requires the scheme to be wound up; or

(b) if 75% of the Unit holders of a scheme pass a

resolution that the scheme be wound up; or (c) if SEBI so directs in the interest of the unit

holders. Where a scheme is wound up under the above Regulation, the trustees shall give a notice disclosing the circumstances leading to the winding up of the scheme: (a) to SEBI; and (b) in two daily newspapers having circulation all over

India & a vernacular newspaper circulating at the place where the mutual fund is formed.

In case of termination of the scheme, the Trustees shall proceed as follows: From the proceeds of the assets of the scheme, the Trustees shall first discharge all liabilities of the scheme and make provision for meeting the expenses of the winding-up of the scheme, including the fees of the AMC. The Trustees shall distribute the proceeds to the Unit holders, in proportion to their respective interest in the assets of the scheme as on the date when the decision for winding up was taken, all proceeds derived from the realization of the investments, after recovering all costs, charges, expenses, claims, liabilities, whether actual or contingent, incurred, made or apprehended by the Trustees in connection with or arising out of the termination of the scheme. It will be ensured that the redemption proceeds are dispatched to the Unit holder within a maximum period of 10 working days from the date of redemption for the holders of Statement of Account, or from the date he/ she has tendered the unit certificates to the Registrars

Transaction Charges In accordance with the terms of the SEBI Circular No. Cir/ IMD/ DF/13/ 2011 dated August 22, 2011, SEBI has allowed Asset Management Companies (AMCs) to deduct transaction charges per subscription of Rs. 10,000/- and above. Distributors shall be able to choose to opt out of charging the transaction charge. However, the ‘opt-out’ shall be at distributor level and not investor level i.e. a distributor shall not charge one investor and choose not to charge another investor. As per SEBI Circular CIR/IMD/DF/21/2012 dated September 13, 2012, distributors shall have also the option to either opt in or opt out of levying transaction charge based on type of the product Accordingly, the Fund shall deduct Transaction Charges on purchase / subscription received from first time mutual fund investors and investors other than first time mutual fund investors through a distributor/agent (who have specifically “opted in” to receive the transaction charges) as under:

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(i) First Time Mutual Fund Investor (across Mutual Funds): Transaction charges of Rs. 150/- for subscription of Rs. 10,000/- and above will be deducted from the subscription amount and paid to the distributor/agent of the first time investor and the balance amount shall be invested in the relevant scheme opted by the investor. (ii) Investor other than First Time Mutual Fund Investor: Transaction charges of Rs. 100/- per subscription of Rs. 10,000/- and above will be deducted from the subscription amount and paid to the distributor/agent of the investor and the balance amount shall be invested in the relevant scheme opted by the investor. (iii) Transaction charges shall not be deducted for:

(a) purchases /subscriptions for an amount less than Rs. 10,000/-;

(b) transaction other than purchases/ subscriptions relating to new inflows such as Switch/ Systematic Transfer Plan/Systematic Withdrawal Plan / Dividend Transfer Plan, etc.

(c) purchases /subscriptions made directly with the Fund without any ARN code (i.e. not routed through any distributor/agent).

(d) transactions carried out through the stock exchange mode.

Facilitating transactions through Stock Exchange Mechanism

In terms of SEBI Circular SEBI/IMD/CIR No.11/183204/ 2009 dated November 13, 2009, units of the Scheme can be transacted through all the registered stock brokers of the National Stock Exchange of India Limited and / or BSE Limited who are also registered with AMFI and are empanelled as distributors with SBI Mutual Fund. Accordingly such stock brokers shall be eligible to be considered as ‘official points of acceptance’ of SBI Mutual Fund.

Cash investments in mutual funds Pursuant to SEBI circular no. CIR/IMD/DF/21/2012 dated September 13, 2012 and CIR/IMD/DF/10/2014 dated May 22, 2014, in order to help enhance the reach of mutual fund products amongst small investors, who may not be tax payers and may not have PAN/bank accounts, such as farmers, small traders/businessmen/workers, SEBI has permitted receipt of cash for purchases / additional purchases extent of Rs. 50,000/- per investor, per mutual fund, per financial year shall be allowed subject to (i) compliance with Prevention of Money Laundering Act, 2002 and Rules framed there under; the SEBI Circular(s) on Anti Money Laundering (AML) and other applicable AML rules, regulations and guidelines and (ii) sufficient systems and procedures in place. However, payment redemptions, dividend, etc. with respect to aforementioned investments shall be paid only through banking channel.

Option to hold unit in demat form Pursuant to SEBI Circular no. CIR/IMD/DF/9/2011 dated M2011; the unit holders of the scheme shall be provided anto hold units in demat form in addition to physical form.

The Unit holders would have an option to hold the Units in dematerialized form. Accordingly, the Units of the Scheme will be available in dematerialized (electronic) form. The Applicant intending to hold Units in dematerialized form will be required to have

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a beneficiary account with a Depository Participant (DP) of the NSDL/CDSL and will be required to mention in the application form DP's Name, DP ID No. and Beneficiary Account No. with the DP at the time of purchasing Units. Further, investors also have an option to convert their physical holdings into the dematerialised mode at a later date. Each Option held in the dematerialised form shall be identified on the basis of an International Securities Identification Number (ISIN) allotted by National Securities Depositories Limited (NSDL) and Central Depository Services Limited (CDSL). The ISIN No. details of the respective option can be obtained from your Depository Participant (DP) or you can access the website link www.nsdl.co.in or www.cdslindia.com . The holding of units in the dematerialised mode would be subject to the guidelines/ procedural requirements as laid by the Depositories viz. NSDL/CDSL from time to time. Investors please note that units issued under the Scheme can only be transferred, assigned or pledged after three years of its issue.

Listing The Schemes being open-ended, the Units are not proposed to be listed on any stock exchange. However, the AMC may, at its sole discretion, list the Units on one or more stock exchanges at a later date.

Dematerialization of Units The Unit Holders are given an option to hold the units by way of an Account Statement (Physical form) or in Dematerialized (“Demat”) form. Mode of holding shall be clearly specified in the Application Form. Unit Holders opting to hold the Units in Demat form must provide their Demat Account details in the specified section of the Application Form. The Unit Holder intending to hold the units in Demat form is required to have a beneficiary account with the Depository Participant (DP) registered with NSDL/CDSL and will be required to indicate in the Application Form, the DP’s name, DP ID Number and the beneficiary account number of the applicant with the DP. In case of Unit Holders who do not provide their Demat Account details, an Account Statement shall be sent to them. In case the Unit holder desires to hold Units in dematerialized mode at a later date, he will be required to have a beneficiary account with a Depository Participant of the NSDL/CDSL and will have to submit the account statement alongwith the prescribed request form to any of the SBIFMPL Branches for conversion of Units into demat form. The AMC will issue the Units in dematerialized form to the Unit holder within two Business Days from the date of receipt of such request.

Rematerialization of Units Rematerialization of Units shall be carried out in accordance with the provisions of SEBI (Depositories and Participants) Regulations, 1996 as may be amended from time to time.

The process for rematerialisation of Units will be as follows:

Unit Holders/investors should submit a request to their respective Depository Participant for rematerialisation of Units in their beneficiary accounts.

Subject to availability of sufficient balance in

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the Unit Holder’s/investor's account, the Depository Participant will generate a Rematerialisation Request Number and the request will be despatched to the AMC/Registrar.

On acceptance of request from the Depository Participant, the AMC/Registrar will despatch the account statement to the investor and will also send electronic confirmation to the Depository Participant.

The policy regarding reissue of repurchased Units, including the maximum extent, the manner of reissue, the entity (the scheme or the AMC) involved in the same.

Presently, the AMC does not intend to reissue the repurchased/redeemed Units. The Trustee reserves the right to reissue the repurchased Units at a later date after issuing adequate public notices and taking approvals, if any, from SEBI.

Restrictions, if any, on the right to freely retain or dispose of Units being offered.

The Units under the Scheme are not transferable. In view of the same, additions/deletion of names will not be allowed under any folio of the Scheme. The above provisions in respect of deletion of names will not be applicable in case of death of Unit Holder (in respect of joint holdings) as this will be treated as transmission of Units and not transfer. The Units held in dematerialized form can be transferred and transmitted in accordance with the provisions of SEBI (Depositories and Participants) Regulations, 1996, as may be amended from time to time. The delivery instructions for transfer of Units will have to be lodged with the Depository Participant in the prescribed form and transfer will be effected in accordance with such rules/regulations as may be in force governing transfer of securities in dematerialized form. The Units held in demat mode can be pledged and hypothecated as per the provisions of Depositories Act and Rules and Regulations framed by Depositories.

Appointment of Mf Utilities India Private Limited MF Utility (“MFU”) - a shared services initiative of various Asset Management Companies, which acts as a transaction aggregation portal for transacting in multiple Schemes of various Mutual Funds with a single form and a single payment instrument. Accordingly, all financial and non-financial transactions pertaining to Schemes of SBI Mutual Fund can be done through MFU either electronically on www.mfuonline.com as and when such a facility is made available by MFUI or physically through the authorized Points of Service (“POS”) of MFUI with effect from the respective dates as published on MFUI website against the POS locations. The list of POS of MFUI is published on the website of MFUI at www.mfuindia.com as may be updated from time to time. The Online Transaction Portal of MFU i.e. www.mfuonline.com and the POS locations of MFUI will be in addition to the existing Official Points of Acceptance (“OPA”) of the AMC. Applicability of NAV shall be based on time stamping of application and realization of funds in the bank account of SBI Mutual Fund within the applicable cut-off timing. The uniform cut-off time as prescribed by SEBI and as mentioned in the SID / KIM of respective schemes shall be applicable for applications received by MFU (physical / online). However, investors should note that transactions on the MFUI portal shall be

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C. PERIODIC DISCLOSURES Net Asset Value This is the value per unit of the scheme on a particular day. You can ascertain the value of your investments by multiplying the NAV with your unit balance.

NAV of the Scheme would be computed and declared on all business day (in case of SBI Premier Liquid Fund on all days including Saturday and Sunday). NAV will be published in 2 newspapers as prescribed under SEBI (Mutual Funds) Regulations, 1996. NAV can also be viewed on www.sbimf.com and www.amfiindia.com.

The AMC shall update the NAVs on the website of Association of Mutual Funds in India - AMFI (www.amfiindia.com) by 9.00 p.m.

Half yearly Disclosures: Portfolio / Financial Results This is a list of securities where the corpus of the scheme is currently invested. The market value of these investments is also stated in portfolio disclosures.

(i) Half Yearly disclosure of Un-Audited Financials: Before expiry of one month from the close of each half year i.e. on March 31 or September 30, the Fund shall host a soft copy of half – yearly unaudited financial results on the website of the Fund i.e. www.sbimf.com and that of AMFI www.amfiindia. com. A notice advertisement communicating the investors that the financial results shall be hosted on the website shall be published in one national English daily newspaper and in a newspaper in the language of the region where the Head Office of the fund is situated. (ii) Half Yearly disclosure of Scheme’s Portfolio: Before expiry of one month from the close of each half year i.e. on March 31 or September 30, the Fund will either publish the scheme’s portfolio details in the newspapers or send it to the unit holders in the format as prescribed by SEBI (Mutual Funds) Regulations, 1996. The same will also be hosted on the website of the fund i.e. www.sbimf.com. and that of AMFI www.amfiindia.com . The publication of such statement shall be in one national English daily newspaper and in a newspaper in the language

subject to the eligibility of the investors, any terms & conditions as stipulated by MFUI / Mutual Fund / the AMC from time to time and any law for the time being in force. Investors are requested to note that, MFUI will allot a Common Account Number (“CAN”), a single reference number for all investments in the Mutual Fund industry, for transacting in multiple Schemes of various Mutual Funds through MFU and to map existing folios, if any. Investors can create a CAN by submitting the CAN Registration Form (CRF) and necessary documents at the MFUI POS. Investors can visit the website of MFUI (www.mfuindia.com) to download the relevant forms. The AMC reserves the right to change/modify/withdraw the features mentioned in the above facility from time to time.

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of the region where the Head Office of the fund is situated.

Monthly Disclosure of Schemes’ Portfolio Statement

The fund shall disclose the scheme’s portfolio in the prescribed format as on the last day of the month for all the Schemes of SBI Mutual Fund on or before the tenth day of the succeeding month.

Annual Report Scheme wise Annual Report or an abridged summary thereof shall be mailed to all unitholders within six months from the date of closure of the relevant accounts year i..e. 31st March each year. In accordance with SEBI Circular No. IMD/ DF/16/ 2011 dated September 8, 2011, pertaining to mailing of annual report and/or abridged summary thereof, the same shall be sent the fund as under: (i) by e-mail only to the Unit holders whose e-mail address is available with us. (ii) in physical form to the Unit holders whose email address is not available with us and/or to those Unit holders who have opted / requested us for the same. The physical copy of the schemewise annual report or abridged summary shall be made available to the investors at the registered office of SBI Mutual Fund. A link of the scheme annual report or abridged summary shall be displayed prominently on the website of the fund i.e at www.sbimf.com

Associate Transactions Please refer to Statement of Additional Information (SAI).

Taxation The information is provided for general information only. However, in view of the individual nature of the implications, each investor is advised to consult his or her own tax advisors/authorised dealers with respect to the specific amount of tax and other implications arising out of his or her participation in the schemes.

Resident Investors

(Tax Rates*)

Mutual Fund

Tax on Dividend Equity Scheme Liquid Scheme

Nil Nil

Nil 25.00% for individual & HUF 30.00% for investors other than individual & HUF

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Capital Gains: Long Term Equity* Oriented Scheme Non Equity Oriented Scheme Short Term Equity Oriented Scheme Non Equity Oriented Scheme

a) 20% with

indexation in case of units where STT is not paid / payable on redemption (u/s 111A)

b) Nil in case

where STT is paid / payable on redemption (u/s 111A)

20% with indexation, a) 15% on such

gain if Securities Transaction Tax (STT) has been paid on redemption of short term capital asset being unit of equity oriented fund

b) In all other

cases, taxable at normal rates of tax applicable to the assessee

taxable at normal rates of tax applicable to the assessee

Nil Nil Nil Nil

* Plus surcharge & education cess as per Income Tax Act Upon Redemption of the Units, Securities Transaction Tax (“STT”) would be payable by the Unit Holders at the applicable rate(s). (Currently 0.001 % of the Redemption Price is being charged as STT).

For further details on taxation please refer to the clause on Taxation in the SAI

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Investor services Details of Investor Relations Officer of the AMC:

Name: C.A. Santosh Address: SBI Funds Management Pvt. Ltd., 9th Floor, Crescenzo, C-38 & 39, G Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400051. Telephone number: 022 - 61793537

Fax: 022- 67425687

e-mail: [email protected]

D. NAV INFORMATION

The NAV and the repurchase NAV will be calculated on all business days except for SBI Premier Liquid Fund and for SBI Premier Liquid Fund all days including Saturday and Sunday. The NAV would be rounded off to four decimal places for all schemes.

Market or Fair Value of Scheme’s investments + Current Assets - Current Liabilities and Provision NAV = ---------------------------------------------------------------------------------------------------------------------------------

No of Units outstanding under Scheme on the Valuation Date NAV will be published in 2 newspapers as prescribed under SEBI (Mutual Funds) Regulations, 1996. NAV can also be viewed on www.sbimf.com and www.amfiindia.com. The AMC shall update the NAVs on the website of Association of Mutual Funds in India - AMFI (www.amfiindia.com) by 9.00 p.m.. In case of any delay, the reasons for such delay would be explained to AMFI and SEBI by the next day. If the NAVs are not available before commencement of business hours on the following day due to any reason, the Fund shall issue a press release providing reasons and explaining when the Fund would be able to publish the NAVs. Further, as per SEBI Regulations, the repurchase price shall not be lower than 93% of the NAV and the sale price shall not be higher than 107% of the NAV and the difference between the repurchase price and sale price shall not exceed 7% on the sale price.

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IV. FEES AND EXPENSES A. NEW FUND OFFER (NFO) EXPENSES Not applicable B. ANNUAL SCHEME RECURRING EXPENSES These are the fees and expenses for operating the scheme. These expenses include Investment Management and Advisory Fee charged by the AMC, Registrar and Transfer Agents’ fee, marketing and selling costs etc. as given in the table below: Expense Head % of daily Net Assets

For SMMF, SMBALF, SMEF , SMGLF


Investment Management and Advisory Fees

Upto 2.50%

Upto 2.25%

Trustee fee Audit fees

Custodian fees RTA Fees Marketing & Selling expense incl. agent commission Cost related to investor communications Cost of fund transfer from location to location

Cost of providing account statements and dividend redemption cheques and warrants Costs of statutory Advertisements Cost towards investor education & awareness (at least 2 bps) Brokerage & transaction cost over and above 12 bps and 5 bps for cash and derivative market trades resp. Service tax on expenses other than investment and advisory fees Service tax on brokerage and transaction cost Other Expenses^ Maximum total expense ratio (TER) permissible under Regulation 52 (6) (c) (i) and (6) (a)

Upto 2.50% Upto 2.25%

Additional expenses under regulation 52 (6A) (c) Upto 0.20% Upto 0.20% Additional expenses for gross new inflows from specified cities

Upto 0.30% Upto 0.30%

^ Any other expenses which are directly attributable to the Scheme, may be charged with the approval of the Trustee within the overall limits as specified in the Regulations except those expenses which are specifically prohibited. The AMC has estimated that upto 2.50% for SMMF, SMBALF, SMEF, SMGLF and 2.25% for SBI Premier Liquid Fund (plus allowed under regulation 52(6A)(c)) of the daily net asset will be charged to the scheme as expenses. The maximum annual recurring expenses that can be charged to the Scheme, excluding issue or redemption expenses, whether initially borne by the mutual fund or by the asset management company, but including the investment management and advisory fee shall be within the limits stated in Regulations 52 read with SEBI circular no. CIR/IMD/DF/21/2012 dated September 13, 2012. The AMC may charge the investment and advisory fees within the limits of total expenses prescribed under Regulation 52 of the SEBI (Mutual Funds) Regulation. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission, etc as compared to Regular Plan and no commission for distribution of Units will be paid/ charged under Direct Plan. Both the plans viz. Regular and Direct plan shall have common portfolio. The aforesaid expenses are fungible within the overall maximum limit prescribed under SEBI (Mutual Funds) Regulations. This means that mutual fund can charge expenses within overall limits, without any internal cap on the aforesaid expenses head. Types of expenses charged shall be as per the SEBI (Mutual Funds) Regulations, 1996.

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These estimates have been made in good faith as per the information available to the Investment Manager based on past experience and are subject to change inter-se. Types of expenses charged shall be as per the SEBI (MF) Regulations. As per the Regulations, the maximum recurring expenses that can be charged to the Scheme as under:

*The scheme may charge additional expenses incurred towards different heads mentioned under regulations (2) and (4), not exceeding 0.20% of the daily net assets. In addition to the above, the following expenses will be charged to the scheme:

1. The service tax on investment management and advisory fees

2. Brokerage and transaction costs which are incurred for the purpose of execution of trade and is included in the cost of investment, not exceeding 0.12 per cent in case of cash market transactions and 0.05 percent for derivative market trades. Further, In terms of SEBI circular CIR/IMD/DF/24/2012 dated November 19, 2012, It is clarified that the brokerage and transaction cost incurred for the purpose of execution of trade may be capitalized to the extent of 12bps and 5bps for cash market transactions and derivatives transactions respectively. Any payment towards brokerage and transaction cost, over and above the said 12 bps and 5bps for cash market transactions and derivatives transactions respectively may be charged to the scheme within the maximum limit of Total Expense Ratio (TER) as prescribed under regulation 52 of the SEBI (Mutual Funds) Regulations, 1996. Service tax on brokerage and transaction cost paid for execution of trade, if any, shall be within the limit prescribed under regulation 52 of the Regulations. Any expenditure in excess of the said prescribed limit (including brokerage and transaction cost, if any) shall be borne by the AMC or by the trustee or sponsors.

3. Expenses not exceeding of 0.30 per cent of daily net assets, if the new inflows from such cities as specified from time to time are at least –

- 30 percent of gross new inflows in the scheme, or;

- 15 percent of the average assets under management (year to date) of the scheme, whichever is higher:

Provided that if inflows from such cities is less than the higher of sub-clause (i) or sub- clause (ii), such expenses on daily net assets of the scheme shall be charged on proportionate basis:

Provided further that expenses charged under this clause shall be utilised for distribution expenses incurred for bringing inflows from such cities:

Provided further that amount incurred as expense on account of inflows from such cities shall be credited back to the scheme in case the said inflows are redeemed within a period of one year from the date of investment.

The Mutual Fund would update the current expense ratios on its website within two working days mentioning the effective date of the change. Any expenditure in excess of the limits specified in the SEBI Regulations shall be borne by the AMC.

Total Expenses charged to the scheme (SBI Premier Liquid Fund)

Subject to the following limits*: i) 2.25% on the first Rs.100 cr. of daily net assets. ii) 2.00% on the next Rs.300 cr. of daily net assets. iii) 1.75% on the next Rs.300 cr. of daily net assets. iv) 1.50 % on the balance of the daily net assets.

Total Expenses charged to the scheme (For SMMF, SMBALF, SMEF , SMGLF – 94)

Subject to the following limits*: i) 2.50% on the first Rs.100 cr. of daily net assets. ii) 2.25% on the next Rs.300 cr. of daily net assets. iii) 2.00% on the next Rs.300 cr. of daily net assets. iv) 1.75% on the balance of the daily net assets.

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C. LOAD STRUCTURE Load is an amount which is paid by the investor to subscribe to the units or to redeem the units from the scheme. This amount is used by the AMC to pay commissions to the distributor and to take care of other marketing and selling expenses. Load amounts are variable and are subject to change from time to time. For the current applicable structure, please refer to the website of the AMC (www.sbimf.com) or contact your distributor. The following table illustrates the expenses that the investors will incur on their purchases/ sales of Units during the continuous offer under this scheme: Load Structure for Equity Scheme i.e. SBI Magnum Balanced Fund, SBI Magnum Equity Fund, SBI Magnum

Global Fund & SBI Magnum Multiplier Fund (including SIP, Chota SIP, & STP)

Entry Load Not Applicable

Exit Load

SBI Magnum Balanced Fund, SBI Magnum Global Fund and SBI Magnum Multiplier Fund: For exit within 12 months from the date of allotment – 1 % For exit after 12 months from the date of allotment – Nil

SBI Magnum Equity Fund For exit within 1 year from the date of allotment – 1 % For exit after 1 year from the date of allotment – Nil

Switchover Load *

At applicable exit load

* Switch over Between Growth and Dividend options of the Scheme will be at NAV. SBI Premier Liquid Fund Fund

Entry Load Not Applicable Exit Load Nil

The charges stated above are a percentage of the NAV. No Exit Load shall be charged for Switch from Direct Plan to Regular Plan under the Scheme; however, in case of switch from Regular Plan to Direct Plan under the Scheme shall be subject to applicable exit load if any. No load would be charged for investment by FOF in all schemes of SBI Mutual Fund irrespective of the amount of investment / tenor of investment. Bonus units and units issued on reinvestment of dividends shall not be subject to entry and exit load. Systematic Investment Plan is not available under the SBI Premier Liquid Fund. The upfront commission on investment, if any, shall be paid to the ARN Holder directly by the investor, based on the investor’s assessment of various factors including service rendered by the ARN Holder. For any change in load structure AMC will issue an addendum and display it on the website/OPAT of SBIMF. Any imposition or enhancement in the load shall be applicable on prospective investments only. However, AMC shall not charge any load on issue of bonus units and units allotted on reinvestment of dividend for existing as well as prospective investors. At the time of changing the load structure, the mutual fund may consider the following measures to avoid complaints from investors about investment in the schemes without knowing the loads: 1) The addendum detailing the changes may be attached to Scheme Information Documents and key

information memorandum. The addendum may be circulated to all the distributors/brokers so that the same can be attached to all Scheme Information Documents and key information memoranda already in stock.

2) Arrangements may be made to display the addendum in the Scheme Information Document in the form of a

notice in all the investor service centers and distributors/brokers office.

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3) The introduction of the exit load/ CDSC alongwith the details may be stamped in the acknowledgement slip issued to the investors on submission of the application form and may also be disclosed in the statement of accounts issued after the introduction of such load/CDSC.

4) A public notice shall be given in respect of such changes in one English daily newspaper having nationwide

circulation as well as in a newspaper published in the language of region where the Head Office of the Mutual Fund is situated.

5) Any other measures which the mutual funds may feel necessary. In accordance with SEBI Regulations, the repurchase price will not be lower than 93% of the NAV and the sale price will not be higher than 107% of the NAV, and the difference between sale price and repurchase price shall not exceed 7% of the sale price. The investor is requested to check the prevailing load structure of the Scheme before investing. For any change in load structure AMC will issue an addendum and display it on the website/Investor Service Centers. The charges stated above are a percentage of the NAV.

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V. RIGHTS OF UNITHOLDERS Please refer to SAI for details.

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VI. PENALTIES, PENDING LITIGATION OR PROCEEDINGS, FINDINGS OF INSPECTIONS OR INVESTIGATIONS FOR WHICH ACTION MAY HAVE BEEN TAKEN OR IS IN THE PROCESS OF BEING TAKEN BY ANY REGULATORY AUTHORITY

1. All disclosures regarding penalties and action(s) taken against foreign Sponsor(s) may be limited to the

jurisdiction of the country where the principal activities (in terms of income / revenue) of the Sponsor(s) are carried out or where the headquarters of the Sponsor(s) is situated. Further, only top 10 monetary penalties during the last three years shall be disclosed.

Not applicable

2. In case of Indian Sponsor(s), details of all monetary penalties imposed and/ or action taken during the last

three years or pending with any financial regulatory body or governmental authority, against Sponsor(s) and/ or the AMC and/ or the Board of Trustees /Trustee Company; for irregularities or for violations in the financial services sector, or for defaults with respect to share holders or debenture holders and depositors, or for economic offences, or for violation of securities law. Details of settlement, if any, arrived at with the aforesaid authorities during the last three years shall also be disclosed.

Against Sponsor:

a. The Reserve Bank of India imposed penalty of Rs. 10 Lakh on State Bank of India in exercise of the power conferred under the Section 47 A (1) (b) read with Section 46 (4) (i) of the Banking Regulation Act, 1949. The penalty was imposed for contravention of various instructions issued by the Reserve Bank of India in respect of derivatives, such as failure to carry due diligence in regard to suitability of products, selling derivatives products to users not having risk management policies and not verifying the underlying/ adequacy of underlying and eligible limits under past performance route. The penalty was paid on 27.04.2011.

b. The Reserve Bank of India imposed penalty of Rs. 3 crores on State Bank of India in July 2013 in exercise of power conferred under Section 47A (1) (c) read with Section 46 (4) of the Banking Regulation Act 1949, for alleged violation of its guidelines/statutory provisions on issue/sale of drafts/gold coins against cash, non capturing of beneficial owner details in CBS and non-availability of a scenario for generating alerts for monitoring transactions in accounts with high turnover but low end day balance. The penalty was paid on 15.07.2013.

c. The Income Tax Authorities imposed penalty of Rs. 12.57 lakhs on State Bank of India (CAG New Delhi Branch) in March 2014 on account of late remittance of TDS pertaining to CAG New Delhi Branch. The penalty was paid on 31.03.2014.

d. The Reserve Bank of India imposed penalty amounting to Rs. 237.06 lakhs on various circles of State Bank

of India. The penalty was imposed for reasons such as non conduct of surprise verification of Currency Chest (CC) branches, shortage in soiled note remittances and CC balance, detection of mutilated/ counterfeit notes in reissuable packets etc. The details of penalties above Rs. 1 lac and nature of penalty thereof are as follows: Circle Name Nature of Penalty Amount (Rs.) Date of payment

of penalty Ahmedabad Non conduct of surprise verification of

CC Balance 1,00,000 22-0ct-13

Bengal Shortages in SNR and CC Balances 20,00,000 22-0ct-13 Bhubaneswar Shortages in SNR and CC Balances 2,10,000 27-Nov-13 Chandigarh Detection of mutilated/counterfeit notes

in reissuable packets 3,75,000 27-Sep-13

Delhi Detection of mutilated/counterfeit notes in reissuable packets

5,00,000 16-Jan-14

Delhi Denial of facilities/services to linked branch of other bank

5,00,000 16-Jan-14

Delhi Wrong reporting of Remittance to RBI 45,00,000 04-Jul-13 Delhi Non conduct of surprise verification of

CC Balance 4,97,427 25-Jul-13

Delhi Mutilated Notes detected in SNR and CC Balances (in Issuable Note packets)

4,73,950 11-Jul-13

Hyderabad Shortages in SNR and CC Balances 1,00,000 24-Jan-14 Hyderabad Non conduct of surprise verification of 5,00,000 12-Jul-13

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CC Balance Lucknow Shortages in SNR and CC Balances 2,59,600 16-Sep-13 Mumbai Shortages in SNR and CC Balances 1,13,100 27-Mar-14 North-East Shortages in SNR and CC Balances 1,55,800 25-Jul-13 Patna Mutilated Notes detected in SNR and CC

Balances (in Issuable Note packets) 3,21,950 05-Jun-13

e. SBI Jeddah Branch

(a) Penalty of SAR 19,000 (INR 2.68 lakhs) imposed by Saudi Arabia Monetary Agency (SAMA) on account of delayed submission of financial statement as at the end of December 2012. The penalty was paid on 07.04.2013.

(b) Penalty of SAR 11,700 (INR 1.64 lakhs) imposed by Saudi Arabia Monetary Agency (SAMA) on account of non adherence to the requirement of incorporating National ID/Civil Register Number of the drawer of the cheque in the slip of all dishonoured cheques. The penalty was paid on 27.04.2013.

f. SBI Regional Representative Office, Manila Penalty of PHP 8,561.79 (INR 0.39 lakhs) imposed by Securities Exchange Commission of Manila (SEC) on account of delayed submission of General Information Sheet and proof of Inward Remittance. The penalty was paid on 24.07.2013.

g. Bank SBI Indonesia (a) Penalty of IDR 0.21 mio (INR 0.12 lakhs) imposed by Bank Indonesia on account of shortage of foreign

currency minimum reserve requirement in 2011-12. The penalty was paid on August 23, 2011. (b) Penalty of IDR 2,000,000 (INR 0.13 lakhs) imposed by Bank Indonesia on account of delayed

submission of Commercial Bank Daily Report in April 2013. The penalty was paid on 10.04.2013. (c) Penalty of IDR 17,712,377 (INR 0.87 lakhs) imposed by Bank Indonesia on account of error in reported

data for calculation of minimum statutory reserve in December 2013. The penalty was paid on 12.12.2013.

(d) Penalty of IDR 250,000,000 (INR 12.23 lakhs) imposed by Bank Indonesia on account of 25 forex purchase transactions done by a customer were considered to be in violation of Bank Indonesia’s regulation concerning foreign exchange purchases against IDR in December 2013. The penalty was paid on 30.12.2013.

h. SBI Mauritius

(a) Penalty of MUR 1,00,000 (INR 1.75 lakh) imposed by Bank of Mauritius on account of non adherence to the guidelines on obtaining prior approval of local banking regulator. The penalty was paid in December 2012.

(b) Penalty of MUR 500,000 (INR 9.96 lakhs) imposed by Bank of Mauritius on account of non compliance with the guidelines of Anti-Money Laundering Combating the Financing of Terrorism and also due to non-adherence of guidelines on advertisement by Bank of Mauritius in June 2013. The penalty was paid on 17.07.2013.

There are no any monetary penalties imposed and/ or action taken by any financial regulatory body or

governmental authority, against the AMC and/ or the Board of Trustees /Trustee Company;

3. Details of all enforcement actions taken by SEBI in the last three years and/ or pending with SEBI for the violation of SEBI Act, 1992 and Rules and Regulations framed there under including debarment and/ or suspension and/ or cancellation and/ or imposition of monetary penalty/adjudication/enquiry proceedings, if any, to which the Sponsor(s) and/ or the AMC and/ or the Board of Trustees /Trustee Company and/ or any of the directors and/ or key personnel (especially the fund managers) of the AMC and Trustee Company were/ are a party. The details of the violation shall also be disclosed.

Against Sponsor: SEBI served show cause notice dated 08.11.2012 under rule 4 of the adjudication Rules for the deficiencies observed in Debenture Trustee operations during their inspection conducted from 26.07.2010 to 30.07.2010 at State Bank of India, Mumbai Main branch. Bank has made payment of Rs. 6.80 lacs towards the settlement charges to SEBI on 13.01.2015 for the same.

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4. Any pending material civil or criminal litigation incidental to the business of the Mutual Fund to which the Sponsor(s) and/ or the AMC and/ or the Board of Trustees /Trustee Company and/ or any of the directors and/ or key personnel are a party should also be disclosed separately. Some ordinary routine litigations incidental to the business of the Fund are pending, and further a petition / summary suit against the Fund is pending in the court. A case was filed at the High Court of Judicature at Bombay by M/s Morarka Finance Limited for recovery of Rs 8.44 lakhs together with interest being the excess price paid by them in equity buyback transaction relating to the shares of M/s Pampasar Distilleries Limited. M/s A.R. Bhole and Company, Advocates are defending the case on our behalf. The case was transferred from the High Court of Bombay to the City Civil Court, Mumbai on September 29, 2012. Hearings are ongoing at the City Civil Court.

Apart from this, following are the details of Penalties, pending litigation or proceedings, findings of inspection or investigations for which action may have been taken or initiated by any regulatory authority against the AMC - SBI Funds Management Private limited (SBIFMPL) in a capacity of Investment Manager to the SBI Mutual Fund:

a) SEBI has initiated an investigation for the transactions in the shares of M/S Polaris Software Lab Limited,

made during the period April 01, 2002 to May 31, 2002 by SBI Mutual Fund, having suspected SBI Mutual Fund of indulging in insider trading on account of proposed merger of M/s Orbi Tech Solutions with M/s Polaris Software Lab Limited, i.e. 'unpublished price sensitive information' about Polaris under the SEBI (Insider Trading Regulation) Regulation, 1992. SBIMF has denied having violated of any insider trading regulation or SEBI Act. SEBI had issued a show cause notice on June 20, 2007 and SBIMF has replied to SEBI on June 30, 2008. Since then, there has been no further communication on the matter from SEBI till date.

b) SEBI had initiated an investigation into certain transactions in the shares of M/s. Padmini Technologies Limited (“PTL”), during the period 2000-2001, which included an inquiry into the investments made by SBI Mutual Fund in the shares of PTL. The Central Bureau of Investigation had also investigated about various aspects of transactions in the shares of PTL which included investments by various schemes of SBI Mutual Fund during the period. A case was subsequently filed in the Sessions Court at Mumbai in 2006 against some ex-employees of the Company. SBI Funds Management Private Limited (“SBIFMPL”), SBI Mutual Fund Trustee Company Pvt. Ltd. and SBI Mutual Fund are not parties to this case. The internal investigations conducted by the Chairman, Board of Trustees, SBI Mutual Fund, however, had ruled out any questionable intentions of SBI Mutual Fund in the matter. Further, a show cause notice dated January 29, 2010 (“2010 SCN”) was received from SEBI in the matter and SBI Mutual Fund has replied to the show cause notice countering the allegations made by SEBI. SBI Mutual Fund had also made an application to SEBI to settle the matter through the consent process, i.e. on a no-fault basis, without accepting or denying guilt. The said consent proposal has not been accepted by SEBI vide its letter dated March 22, 2013. A fresh Show Cause Notice dated May 28, 2013 (“2013 SCN”) has been issued enclosing a copy of an enquiry report conducted again by a Designated Authority, recommending a prohibition on SBI Mutual Fund from launching any new mutual fund schemes for a period of 12 months. In terms of the opportunity made available in the 2013 SCN to avail the consent process, SBI Mutual Fund had filed a consent application which was returned by SEBI stating that the consent application by SBIFMPL shall not be reconsidered by SEBI. SBIFMPL is dealing with the issue and have engaged the services of legal counsel to resolve the matter.

5. Any deficiency in the systems and operations of the Sponsor(s) and/ or the AMC and/ or the Board of Trustees/Trustee Company which SEBI has specifically advised to be disclosed in the SID, or which has been notified by any other regulatory agency, shall be disclosed.

Not Applicable

Notwithstanding anything contained in this Scheme Information Document, the provisions of the SEBI (Mutual Funds) Regulations, 1996 and the guidelines there under shall be applicable. Date of Approval of the scheme by the Board of Trustee: SBI Magnum NRI Investment Fund – Flexi Asset Plan 05 - 06 - 2003 SBI Magnum Multiplier Fund 14 – 08 - 1996* SBI Magnum Balanced Fund 08 – 07 - 1995 SBI Magnum Equity Fund 29 – 01 - 1997* SBI Magnum Global Fund 24 -10 – 1998 SBI Premier Liquid Fund (erstwhile Magnum Institutional Income) 28-04-2003

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* Date of conversion of the Scheme into open ended Scheme.

For and on behalf of the Board of Directors, SBI Funds Management Private Limited (the Asset Management Company for SBI Mutual Fund)

sd/-

Place: Mumbai Name : Dinesh Kumar Khara

Date: June 26, 2015 Designation : Managing Director & CEO

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SBI FUNDS MANAGEMENT PVT LTD - BRANCHES

AHMEDABAD: SBI Funds Management Pvt Ltd, 4th Floor, Zodiac Avenue, Opp Mayor Bungalow, Near Law Garden, Ahmedabad–380006, Tel : (079)26423060,26463090. AGARTALA : SBI Funds Management Pvt Ltd, Ground Floor, SBI Regional Business office (RBO-VII), Bijoy Kumar Choumuhani, Agartala-799001, Tel No.: 0381-232-410. AGRA: SBI Funds Management Pvt Ltd, SBI Main Branch, Chipitola, Agra–282001, Tel: 0562-32555061,4008091. AJMER: SBI Funds Management Pvt Ltd, C/O SBI Special Branch, Ajmer - 305001, Tel: (0145)2426284. ALIGARH : SBI Funds Management Pvt Ltd, State Bank of India, Main Branch, Aligarh – 202001, Uttar Pradesh ALLAHABAD: SBI Funds Management Pvt Ltd, UG-13, Vashishta Vinayak Tower, Tashkent Marg, Civil Lines, Allahabad,211001, Tel: 0532-2261028. ALWAR : SBI Funds Management Pvt Ltd, Branch Manager, State Bank of India, Mahal Chowk, Alwar – 301001, Rajasthan. AMBALA : SBI Funds Management Pvt Ltd, C/o State Bank of India Mahesh Nagar Ambala Cantt. - 133001, Haryana. AMRAVATI : SBI Funds Management Pvt Ltd, C/o State Bank of India, Main Branch, Shyam Chowk, Amravati – 444601, Maharashtra AMRITSAR: SBI Funds Management Pvt Ltd, Personal Banking Branch, SCO 3, Lawrence Road, Amritsar–143001, Tel: (0183)2221755. ANAND : SBI Funds Management Pvt Ltd, 102, Maruti Sharnam, Near Nanadbhoomi Party Plot, Anand Vidyanagar Road, Anand – 388001, Gujarat Tel: (02692)- 246210. ANDHERI : SBI Funds Management Pvt Ltd, Shop No. 6, Monisha CHS, S.V Road, Near ICICI Bank, Andheri (West), Mumbai – 400058, Tel No.: 022-6900 1891. ASANSOL : SBI Funds Management Pvt Ltd, 2nd Floor, Block A, P. C. Chatterjee Market, Rambandhu Tala, G.T. Road. Asansol – 713303, West Bengal, Tel no. 81700 37270. AURANGABAD: SBI Funds Management Pvt Ltd, 1st Floor Viraj Complex, Opp; Big Cinema, ABOVE SBI ATM, Khadkeshwar, Aurangabad-431001, Tel: 0240-3244781. BANGALORE : SBI Funds Management Pvt Ltd, #501, 5th Floor,16 & 16/1, Phoenix Towers, Museum Road,Bangalore–560001, Tel : (080)25580014/25580051/22122507, 22272284, 22123784. BHOPAL : SBI Funds Management Pvt Ltd, Manav Niket, 30, Indira Press Complex, Near Dainik Bhaskar Office, M.P. Nagar, Zone-1, Bhopal (MP) – 462011 Tel No.: 0755-2557341, 4288276. BHUBANESHWAR : SBI Funds Management Pvt Ltd, SBI LHO Bldg, Ground Floor, Pt. Jawaharlal Nehru Marg, Bhubaneshwar–751001, Tel : (0674)2392401/501. BALASORE : SBI Funds Management Pvt Ltd, 1st Floor, Plot no 327/1805, FM College Road, Balasore - 756003, Odisha. BAREILLY: SBI Funds Management Pvt Ltd, C/o State Bank of India,Main Branch, Opp Katchery, Civil Lines, Bareilly- 243001. BHAGALPUR : SBI Funds Management Pvt Ltd, Mirzanhat Branch, Near Gurhatta Chowk, Police Station Mujahidpur, Bhagalpur - 812005, Bihar. BHARUCH : SBI Funds Management Pvt Ltd, 101-105, 1st Floor, Glacier Complex, Near Pizza Inn Restaurant, Jetalpur Road, Vadodara - 390007, Gujarat. BHILWARA : SBI Funds Management Pvt Ltd, C/o State Bank of India, Branch Manager, 27 - 28, Industrial Estate, Pur Road, Bhilwara – 311001, Rajasthan BATHINDA: SBI Funds Management Pvt Ltd, State Bank of India, 1st Floor, A.D.B. Branch, Guru Kashi Marg, Bhatinda-151001, Tel:. BHUJ : SBI Funds Management Pvt Ltd, C/o State Bank of India, Shanti Chambers, Office No. 30, New Station Road, Opp. SBI Main Branch – 370001, Gujarat BOKARO : SBI Funds Management Pvt Ltd, F/5, City Centre, Sector - 4, Bokaro Steel City – 827004, Jharkhand. BORIVALI : SBI Funds Management Pvt Ltd, Shop No 16, Star Trade Centre, Sodawala Lane, Nr, Chamunda Circle, Borivali West-400092, Tel : 022-28927551- 28922741. BURDWAN : SBI Funds Management Pvt Ltd, 6th Floor, Talk of the Town, 398 G.T. Road, Burdwan – 713101, West Bengal BAVNAGAR: SBI Funds Management Pvt Ltd, C/o SBI Darbargadh Branch. 2’nd Floor. Amba Chowk. Bhavnagar 364001, Tel: 0278-2523788,. BELGAUM: SBI Funds Management Pvt Ltd, C/o.SBI Main Branch,Near Railway Station Camp, Belgaum-590001, Tel: 0831-2422463. BELLARY: SBI Funds Management Pvt Ltd, C/o.SBI Main Branch, Station Road Bellary-583101, Tel: 08392-271775. BHILAI: SBI Funds Management Pvt Ltd, Plot no.21, Nehru Nagar East, Commercial Complex, Near Bhilai Scan, Bhilai-490020, Tel No.: 0788-4010955, 0788 – 6940010/11/12/13/14/15/16/17. BILASPUR: SBI Funds Management Pvt Ltd, SBI, Main Branch, Old Highcourt Road, Bilaspur-495001, Tel: 07752) 495006. BOKARO: SBI Funds Management Pvt Ltd, C/o State Bank of India, Sector – 4, Main Branch, Bokaro Steel City, Bokaro – 827004, Tel: 9304823011. CHANDIGARH : SBI Funds Management Pvt Ltd, State Bank Of India, Local Head Office, 1st Fllor, Sector - 17B, Chandigarh–160017, Tel : (0172)2709728. CHENNAI : SBI Funds Management Pvt Ltd, Sigapi Achi Building Ii Floor,18/3, Marshalls Road, Rukmani Lakshmipathy Road, Egmore, Chennai - 600 008, Tel : 044 2854 3382 / 3383, 044 2854 3384 / 3385. COIMBATORE : SBI Funds Management Pvt Ltd, 1st Floor, Above SBI R.S Puram Branch, 541, D.B Road, R.S Puram, Coimbatore- 641 002, Tel : (0422) 2541666. CALICUT: SBI Funds Management Pvt Ltd, C/o SBI, 2nd Floor, Aydeed Complex, YMCA Cross Road, Calicut - 673001, Tel: 0495 2768270, 4020079. CUTTACK: SBI Funds Management Pvt Ltd, 3rd Floor,City Mart, Above Vishal Mega Mart, Bajra Kabati Road,Cuttack-753001, Tel: 0671-2422972. CHINCHWAD : SBI Funds Management Pvt Ltd, Shop No. 1. Ratnakar Bldg, Pavan Nagar,Opp P N Gadgil Showroom, Chapekar Chowk, Chinchwad Pune-411033, Tel : 020-27355721. DAVANGERE : SBI Funds Management Pvt Ltd, Eshwar Complex, PJ Extension, Davangere - 577002, Karnataka. DARBHANGA : SBI Funds Management Pvt Ltd, Regional Business Office, Darbhanga, PO Laheriasarai, District – Darbhanga - 846001, Bihar. DEHRADUN: SBI Funds Management Pvt Ltd, SBI Main Branch, 4, Convent Road, Dehradun-248001, Tel: (0135)2651719. DHANBAD: SBI Funds Management Pvt Ltd, C/O State Bank Of India,Main Branch, 1st Floor, Centre Point Bank More, Dhanbad-826001, Tel: 0326-2301545. DHARAMSHALA: SBI Funds Management Pvt Ltd, Camp Office, State bank of India Regional Business office, Centre Point Building, Civil Line Dharamshala-176215, Tel: 01892-225814. DIMAPUR : SBI Funds Management Pvt Ltd, C/o State Bank of India, Old Market Branch, Kalibari Road, Old Daily Market (Near Durga Market), Dimapur- 797112, Nagaland. DURGAPUR: SBI Funds Management Pvt Ltd, C/o State Bank of India, 1st Floor, City Centre Branch, Durgapur-713216,, Tel: 2544191/192. ERNAKULAM : SBI Funds Management Pvt Ltd, 28/218 II Floor, Manorama Junction, Above SBI Ernakulam South Branch, S A Road, Panampilly Nagar, Ernakulam–682036, Tel : (0484)2318886,2318886,2323489.

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FAIZABAD : SBI Funds Management Pvt Ltd, State Bank of India, Regional Business Office – IV, Civil Lines, Faizabad – 224001, Uttar Pradesh. FARIDABAD : SBI Funds Management Pvt Ltd, C/o. SBI Commercial Br.,, 65, Neelam Bata Road, Near Mahalaxmi Hotel, NIT Faridabad, Haryana – 121001, Tel: 0129-4030661. FEROZEPUR: SBI Funds Management Pvt Ltd, c/o State Bank OF India RBO, 120 Church Road Ferozepur Cantonment Ferozepur - 152001, Tel: 9855008415. GOA : SBI Funds Management Pvt Ltd, FO – 4, Indraprastha Building, 1st Floor, Above Dena Bank, Menezes Braganza Road, Panjim - 403001, Goa, Tel No.: (0832) 6512666/ 6512777/ 2235283. GURGAON : SBI Funds Management Pvt Ltd, Shop No 6, Ground Floor, Vipul Agora,M G Road,Gurgaon-122002, Tel : (0124) 4200828. GUWAHATI : SBI Funds Management Pvt Ltd, Sethi Trust Building,Unit-III, Above State Bank of India-GMC Branch, G.S.Road, Bhangagarh, Guwahati-781005, Tel : (0361)2463704. GANDHIDHAM : SBI Funds Management Pvt Ltd, C/o State Bank of India, Adinath Arcade, Office No. 6, Police Station Road, Gandhidham – 370201, Gujarat. GAYA : SBI Funds Management Pvt Ltd, C/o State Bank Of India, Personal Banking Branch, Gaya, Gawalbigha More, Opposite Dayal Petrol Pump, Gaya - 823001, Bihar GHAZIABAD: SBI Funds Management Pvt Ltd, SIB branch Ist floor Navyug Market,Ghaziabad -201001, Tel: 0120-2797582,. GORAKHPUR: SBI Funds Management Pvt Ltd, C/o State Bank Of India, Gorakhpur Branch,, Bank Road, Gorakhpur (U.P.) PIN-273001, Tel: 0551-2203378. GULBARGA: SBI Funds Management Pvt Ltd, C/o State Bank of India, P.B.No.3, Hyderabad Karnataka, Chamber of Commerce Bldg, Super Market, Gulbarga -585105, Tel: 9980872463. GWALIOR: SBI Funds Management Pvt Ltd, C/O State Bank Of India, Gwalior Main Branch, Bada, Lashkar Gwalior-474001, Tel: 0751-2447272. GUNTUR : SBI Funds Management Pvt Ltd, C/o State Bank of India, Brodipet Branch, #4/11, Master Minds Building Brodipet, Guntur - 522002, Andhra Pradesh. HYDERABAD: SBI Funds Management Pvt Ltd, 1-8-304 to 307, 3rd Floor, Kamala Towers, Patigadda Road, Begumpet, Secunderabad – 500 016. Tel : (040) 27905741 / 42. HALDWANI: SBI Funds Management Pvt Ltd, SBI SME Main Branch, Nainital Road, Haldwani, Uttarakhand – 263 139, Tel: 9412084061. HAZARIBAGH : SBI Funds Management Pvt Ltd, Prabhu Niwas Market, Ananda Chowk , Guru Govind Singh Road, Hazaribagh – 825301, Jharkhand. HISSAR: SBI Funds Management Pvt Ltd, 42,Red Square Market, Nr. Hotel Regency, Hisar -125001, Haryana,, Tel: 01662 238415. HUBLI: SBI Funds Management Pvt Ltd, c/o: State Bank of India, Market Branch, Laxmi Complex, Near Court Circle, Hubli-580029, Tel: 0836-2368477. HOSIHARPUR : SBI Funds Management Pvt Ltd, C/o State Bank of India, Main Branch, 1st Floor, Opposite Green View Park, Main Court Road, Hoshiarpur-146001, Punjab. INDORE: SBI Funds Management Pvt Ltd, 215-216 City Centre, 2nd floor, 570 M.G. Road, Indore – 452001, Tel : (0731)2541141. IMPHAL : SBI Funds Management Pvt Ltd, C/o State Bank of India, Imphal Branch, M. G. Avenue, Imphal – 795001, Manipur. ITANAGAR : SBI Funds Management Pvt Ltd, C/o State Bank of India, Personal Banking Branch, Ziro Point, Itanagar – 791111, Arunachal Pradesh. JABALPUR: SBI Funds Management Pvt Ltd, C/O SBI Personal Banking Branch, Near Bus Stand, Napier Town, Jabalpur-482001, Tel: 0761-2450542. JAIPUR : SBI Funds Management Pvt Ltd, 1st Floor, SBI Tonk Road Branch, Near Times of India Building,Tonk Road, Jaipur–302015, Tel : (0141) 2740016/2740061. JALANDHAR: SBI Funds Management Pvt Ltd, 2nd Floor, Shanti Towers, S.C.O. 37, P.U.D.A. Complex, Opposite Suvidha Centre, Jalandhar - 144001, Tel: 0181-2238415. JALGAON : SBI Funds Management Pvt Ltd., 2nd floor, Opp. SBI Main Branch, Stadium Complex, Jilha Peth, Jalgaon - 425001, Maharashtra. JAMMU: SBI Funds Management Pvt Ltd, C/O State Bank of India, Zonal Office, 2nd Floor- Ansari, Bahu Plaza, Gandhi Nagar Jammu Tawi-180001, Tel: -(0191) 2474975. JAMNAGAR: SBI Funds Management Pvt Ltd, C/o SBI Ranjit Road Branch,Ranjit Road, Jamnagar,-361001, Tel: 0288-2660104. JAMSHEDPUR: SBI Funds Management Pvt Ltd, C/o SBI, Main Branch, Bistupur, Ground Floor, Jamshedpur–831001, Tel: (0657)2440446. JHANSI: SBI Funds Management Pvt Ltd, C/o SBI Main Barnch, Near Elite Crossing, Jhansi- 284001, Tel: 0510-2330298. JODHPUR: SBI Funds Management Pvt Ltd, 201, Shree Plaza,658 Residency Road, Sardarpura, Jodhpur. 342003, Tel: 0291-2611928,0291-2611929. JORHAT : SBI Funds Management Pvt Ltd, C/o State Bank of India, Jorhat Main Branch, A.T. Road, Jorhat – 785001, Assam. JUNAGADH : SBI Funds Management Pvt Ltd, Marry Gold 2, 305, Third floor, College Road, Junagadh – 362002, Gujarat. KANPUR : SBI Funds Management Pvt Ltd, 207, 2nd Floor, Sai Square, 16/ 116 (45), Bhargava Estate, Civil Lines, Kanpur- 208001, Tel No.: 0512- 6900314/15. KOLKATA : SBI Funds Management Pvt Ltd, Jeevandeep Bldg, No 1, Middleton Street, 9th Floor, Kolkatta–700 001, Tel : 22882342/22883767/22883768. KALYANI : SBI Funds Management Pvt Ltd, Sri Tapan Krishna Dey, Sudhalaya, A 1/50, Kalyani, District Nadia - 741235, West Bengal. KANNUR : SBI Funds Management Pvt Ltd, C/o State Bank of India, NRI Branch, SBI Building, Fort Road, Kannur – 670001, Kerala. KHARAGPUR : SBI Funds Management Pvt Ltd, Inda Peerbaba, Near Ashirbad Lodge, Kharagpur, Midnapore West, West Bengal – 721301. KOLHAPUR: SBI Funds Management Pvt Ltd, 3rd Floor, Ayodhya Towers,, Station Road,, Kolhapur-416 001, Tel: 0231 - 2680880. KOLLAM : SBI Funds management Pvt Ltd, C/o State Bank of India, Kollam Branch, PB No 24, State Bank Building, Near Railway Station, Kollam - 691001, Kerala. KORBA : SBI Funds Management Pvt Ltd, C/o. State Bank of India, Kutchery Branch, Kutchery Chowk, Raipur – 492001, Chattisgarh. KOTA: SBI Funds Management Pvt Ltd, SBI Main Branch, Chawani Choraha, Kota - 324 005, Tel: (0744)2390631. KOTTAYAM: SBI Funds Management Pvt Ltd, C/0 SBI Kalathipadi Branch, Opp. Karipal Hospital, K K Road, Kalathipadi, Vadavathoor P O, Kottayam-686010, Tel:. KURNOOL : SBI Funds Management Pvt Ltd, No: 26, 1st Floor, Ucon Plaza, Park Road, Kurnool-518001, Andhra Pradesh, Tel:(08518)227776. KALYAN : SBI Funds Management Pvt Ltd, Shop No. 25, Ground Floor, Madhav Commercial Complex, Station Road, Kalyan (West) - 421 301, Tel : 0251-2311850/2311980. LUCKNOW : SBI Funds Management Pvt Ltd, G-16, Kasmande House,2, Park Road, Hazratganj,Lucknow-226 001, Tel : (522) 2286741,2286742. LUDHIANA : SBI Funds Management Pvt Ltd, C/o. State Bank of India, 1st Floor, Main Branch, Civil Lines, Ludhiana–141 001, Tel : (0161)2449849. LEH : SBI Funds Management Pvt Ltd, C/o State Bank Of India Fire & Fury Branch, Opp. Hall of Fame, Air Port Road Leh, Dust - Leh. – 194101, Jammu & Kashmir. MUMBAI : SBI Funds Management Pvt Ltd, Ilaco House, 2nd Floor, P M Road, Fort, Mumbai–400 023, Tel : (022)66532800. MADURAI: SBI Funds Management Pvt Ltd, Ist Floor Suriya Towers,273, Goodshed street, Madurai-625001, Tel: (0452)4374242. MALDA : SBI Funds Management Pvt Ltd, C/o Arindam Sarkar, Vivekananda Pally,

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Behind Fouzder Clinic, English Bazar, Malda - 732101, West Bengal. MANGALORE: SBI Funds Management Pvt Ltd, C/o State Bank Of India - Mallikata Branch,1st Floor, P B Box No.512, Jugul Towers, Mallikata Mangalore - 575003, Tel: (0824)2222463. MARGAO : SBI Funds Management Pvt Ltd, C/o State Bank of India, Margao Main Branch, Near Margao Muncipal Garden - 403601, Goa. MEERUT: SBI Funds Management Pvt Ltd, C/0 SBI Zonal Office, Garh Road, Meerut-250005, Tel:. MEHSANA : SBI Funds Management Pvt Ltd, Sanskrut Shopping Mall, F - 7, Nr. Modhera Chowkdi, Opp. Kotak Bank, Mehsana – 384002, Gujarat. MORADABAD: SBI Funds Management Pvt Ltd, C/o SBI Main Branch, Civil Lines, Moradabad-244001, Tel: (0591) 2411411. MUZZAFFARPUR: SBI Funds Management Pvt Ltd, 2nd Floor, Poddar Complex, SBI Zonal Office, Opp Jubba Shani Park, Mithanpura, Muzaffarpur - 842002,, Tel:. MYSORE: SBI Funds Management Pvt Ltd, C/o SBI Mysore Main Branch, 1st Floor, Mothikhana Building, New Sayyaji Rao Road, Mysore 570024, Tel: (0821)4242919. NAGPUR : SBI Funds Management Pvt Ltd, 1st floor," Shalwak Manor", Office No - 101, Plot No – 64-B, VIP Road, New Ramdaspeth, Near Central Mall, Nagpur – 440010, Tel No.: 0712-6458368. NEW DELHI : SBI Funds Management Pvt Ltd, 5th Floor, Ashoka Estate, 24 Barakhamba Lane, New Delhi–110001, Tel : (011) 23466666. NADIAD : SBI Funds Management Pvt Ltd, City Point Complex, Shop # 04, Ground Floor, Opp. Ipcowala Town Hall, Near Paras Talkis, Collage Road, Nadiad – 387001, Gujarat. NASHIK: SBI Funds Management Pvt Ltd, Shop No-1,Shivneri Hieghts, Vise Mala, Near Ramdas Colony Garden, Nashik-422005., Tel: 0253- 6575888/2232553. NAVSARI : SBI Funds Management Pvt Ltd, C/o State Bank of India, 105, Rudraksh Apt, Nr. Dhruvini Hospital, Asha Nagar Main Road, Navsari – 396445, Gujarat. NELLORE : SBI Funds Management Pvt Ltd, C/o. State Bank of India, Vedayapalem Branch, Nellore - 524 004, Andhra Pradesh. NEHRU PLACE: SBI Funds Management Pvt Ltd, SBI, 40 Bakshi House, Nehru Place, New Delhi-110018, Tel : 011-26224606. NOIDA: SBI Funds Management Pvt Ltd, GF-07 ansal fortune arcade K- block, Sector – 18, Noida – U P NOIDA-201301, Tel : 0120 4232214. PATNA : SBI Funds Management Pvt Ltd, Gr Floor, SBI Main Branch, West Gandhi Maidan, Patna–800001, Tel : (0612) 3242047. PUNE : SBI Funds Management Pvt Ltd, Madhuri Kishor Chambers, 3rd Floor, Near Passport Office, Senapati Bapat Road,Pune–411016, Tel : (020)25670961. PITAM PURA : SBI Funds Management Pvt Ltd, H-4/G-10,Vardhman NX Plaza,Netaji Subhash Place,Delhi-110034,, Tel : 011-23751974. RAIPUR : SBI Funds Management Pvt Ltd, C/o. SBI Kutchery Branch, Near Daga Girls College, Raipur- 492001, Tel : (0771) 2543355,4263256. RANCHI : SBI Funds Management Pvt Ltd, C/o. State Bank Of India, Upper Bazar Branch, 2nd Floor, Metro Market, Kutchery Road, Ranchi–834 001, Tel : (0651) 2213413. RAJAHMUNDRY : SBI Funds Management Pvt Ltd, C/o, SBH Main Branch, T Nagar, Rajahmundry – 533 101, Tel: (0883)2434002. RAJKOT: SBI Funds Management Pvt Ltd, 208, Orbit Plaza, Near Swami Vivekanand Statue, Dr. Yagnik Road, Rajkot – 36000, Tel No.: 0281-2466740/41. RATLAM : SBI Funds Management Pvt Ltd, 14/1, Chhatripul, Main Road, Ratlam – 457001, Madhya Pradesh. ROHTAK : SBI Funds Management Pvt Ltd, C/o State Bank of India Main Branch, Near District Court, Rohtak - 124001, Haryana. ROURKELA: SBI Funds Management Pvt Ltd, C/O. State Bank Of India,Panposh Road, Civil Township, Rourkela - 769004SBI -R.I.E Branch Panposh Road, Civil Township Rourkela-769004, Tel: 0661-2400299. SURAT : SBI Funds Management Pvt Ltd, Athugar Street, Higher Ground Floor, Meghratna Complex, Nanpura, Surat – 395 001, Tel : (0261) 2462764/ 3994800/ 6646555. SAHARANPUR : SBI Funds Management Pvt Ltd, State Bank of India, Court Road, Saharanpur – 247001, Uttar Pradesh. SAGAR : SBI Funds Management Pvt Ltd, Shop No. G-11, Dwarikaji Complex, Civil Lines, Sagar - 470 001, Madhya Pradesh. SALEM: SBI Funds Management Pvt Ltd. Nakshatra Trade Mall”, No.55/1,Ramakrishna Raod, Near Gopi Hospital,Salem-636007, Tel: 0427-4552289. SAMBALPUR: SBI Funds Management Pvt Ltd, State Bank Of India, Sambalpur Main Branch, Sambalpur, Dist. sambalpur, Orissa-768001, Tel: 0663-2410001. SHILLONG: SBI Funds Management Pvt Ltd, SBI Shillopng Main Branch, Shillong, Meghalaya-793001, Tel: 9436730174. SHIMLA: SBI Funds Management Pvt Ltd, C/o State Bank of India, New Building (2nd Floor), Kali Bari, The Mall, Shimla-171003, Himachal Pardesh, Tel: 0177-2807608. SHIMOGA: SBI Funds Management Pvt Ltd, SBI Shimoga Branch, Shroff Complex,Sir, M.V. Road, Tilak Nagar, Shimoga-577201, Tel: 8182222463. SILCHAR : SBI Funds Management Pvt Ltd, C/o State Bank of India, New Silchar Branch, Silchar – 788005, Assam. SILIGURI: SBI Funds Management Pvt Ltd, Ganeshayan Building -2nd Floor, Beside Sky Star Building, Sevoke Road,Siliguri-734001, Tel: 0353-2537065. SOLAPUR : SBI Funds Management Pvt Ltd, C/o State Bank of India, 2-A, Budhwar Peth, Balives, Solapur – 413002, Maharashtra. SONEPAT: SBI Funds Management Pvt Ltd, C/o State Bank of India Atlas Cycle Branch, Atlas Cycle road, Model Town, Sonepat-131001, Tel:. SRIGANGANAGAR: SBI Funds Management Pvt Ltd, SBI Main Branch, Ravinder Path, Sri Ganganagar.335001, Tel: 9829067384. SRINAGAR : SBI Funds Management Pvt Ltd., SBI Regional bussiness Office, 2Nd Floor, M.A Road, Srinagar, Tel: 0194-2474864. THRIVANTHAPURAM : SBI Funds Management Pvt Ltd, Ground Floor, TC 25/373(9),Govt. Press Road, Near Secretariat, Trivandrum 695001, Tel : (0471) 4011590/4011591/4011592. THANE: SBI Funds Management Pvt Ltd, Shop No 1, Kashinath CHS, Ghantali Mandir Road Nr Ghantali Devi Mandir.Naupada, Thane-400602, Tel : 022-25401690,25414594. THIRUCHIRAPALLI: SBI Funds Management Pvt Ltd, No.60/2, I Floor, Krishna Complex, Sastri Road, Tennur, Trichy- 620017,Tel: 0431-4000667. THISSUR :SBI Funds Management Pvt Ltd, C/o State Bank of India, Thichur Town Branch, Poonam Complex, M G Road, Thissur – 680001, Kerala. THRISSUR: SBI Funds Management Pvt Ltd, First Floor, Pooma Complex, M. G. Road, Trisshur – 680001 Tel: 0487-2445700. TINSUKIA: SBI Funds Management Pvt Ltd, 3rd Floor, State Bank of India, Tinsukia Branch, S.R. Lohia Road,Tinsukia, Assam Pin-786125, Tel: O3742332365. TIRUNELVELI : SBI Funds Management Pvt Ltd, 182 E, Shop no 7,Arunagiri Uma Complex, S.N.High Road, Tirunelveli - 627001, Tel: 0462 4220023. TIRUPATI: SBI Funds Management Pvt Ltd, C/o SBI Korlagunta Branch, Near Leelamahal Junction,Tirupathi.-517501, Tel: (0877)6450828. UDAIPUR: SBI Funds Management Pvt Ltd, SBI City Branch, Bapu Bazaar, Near Delhi Gate,Udaipur.313001, Tel: 9928191961. VADODARA : SBI Funds Management Pvt Ltd, 101 - 105, Glacier Complex, Near Pizza In, Jaselpur Road, Vadodara - 390007, Tel : (0265) 2323010. VIJAYAWADA : SBI Funds Management Pvt Ltd, DNO.29-6-23, 1st Floor, Sri Raja Rajeswari Complex, Ramachandra Rao Road, Suryaraopeta, Vijayawada – 520 002. Tel : 0866 2436113 / 2438217. VALSAD: SBI Funds Management Pvt Ltd, 101, Amar Chambers, Near HDFC

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Bank, Opposite Lal School, Valsad - 396001, Tel: 02632- 245440. VAPI : SBI Funds Management Pvt Ltd, C/o State Bank of India, 1st Floor, Shop No. 21, Shopper Stop, Opp. Imran Nagar, Silvasa Road, Vapi – 396191, Gujarat. VARANASI: SBI Funds Management Pvt Ltd, 2nd Floor, Banaras TVS Bulding,, D-58/12, A-7, Sigra, Varanasi-221010, Tel: 0542-2222492. VELLORE : SBI Funds Management Pvt Ltd, State Bank of India Officers Line Vellore - 632001, Tamil Nadu. VISHAKAPATNAM: SBI Funds Management Pvt Ltd, C/o.SBI Main Branch, Near Rednam Circle, Vishakhapatnam- 530 020, Tel: 0891-3293018. VASHI : SBI Funds Management Pvt Ltd, Tower No 7, F 219, 2nd floor, Vashi Infotech Park, Above Vashi railway station building, Navi Mumbai - 400703, Tel : 022-27810371/27810368. WARANGAL: SBI Funds Management Pvt Ltd, 1st Floor, SBH Zonal Office, JPN Road, Warangal-506002, Tel: 0870-2430307.

CAMS INVESTOR SERVICE CENTRES / CAMS TRANSACTION POINTS

AHMEDABAD: 111-113,1st Floor - Devpath Building, Off: C G Road, Behind Lal Bungalow, Ellis Bridge, Ahmedabad – 380006 Tel: 079-30082468/69. AGARTALA: Advisor Chowmuhani (Ground Floor), Krishnanagar, Agartala, Agartala-799001, Tel: 09862923301. AGRA: No. 8, II Floor, Maruti Tower, Sanjay Place, Agra-282002, Tel: 0562-324 2267. AHMEDNAGAR: B, 1+3, Krishna Enclave Complex, Near Hotel Natraj, Nagar- Aurangabad Road, Ahmednagar -414 001, Tel: 241-6450282. AJMER: AMC No. 423/30, Near Church, Brahampuri,Opp T B Hospital, Jaipur Road, Ajmer-305001, Tel: 0145-329 2040. AKOLA : Opp. RLT Science College, Civil Lines, Akola-444001, Tel: 724-3203830. ALIGARH: City Enclave, Opp. Kumar Nursing Home, Ramghat Road, Aligarh-202001, Tel: 571-3200301. ALLAHABAD: 30/2, A&B, Civil Lines Station, Besides Vishal Mega Mart, Strachey Road, Allahabad-211001, Tel: 0532-329 1274. ALLEPPEY: Doctor’s Tower Building, Door No. 14/2562, 1st floor, North of Iorn Bridge, Near Hotel Arcadia Regency, Alleppey-688011, Tel: 477-3209718. ALWAR: 256A, Scheme No:1, Arya Nagar, Alwar-301001, Tel: 0144-3200451. AMARAVATI : 81, Gulsham Tower, 2nd Floor, Near Panchsheel Talkies, Amaravati-444601, Tel: 0721-329 1965. AMBALA: Opposite PEER, Bal Bhavan Road, Ambala, Ambala-134003, Tel: 171-3248787. AMRITSAR: SCO - 18J, ‘C’, Block Ranjit Avenue, Amritsar-140001, Tel: 0183-5099995, 3221379. ANAND: 101, A.P. Tower, B/H, Sardhar Gunj, Next to Nathwani Chambers, Anand-388001, Tel: 02692-325071. ANANTAPUR: 15-570-33, I Floor, Pallavi Towers, Anantapur, Anantapur -515 001, Tel: 8554-326980, 326921. ANDHERI : CTS No 411, Citipoint, Gundivali, Teli Gali, Above C.T. Chatwani Hall, Andheri, Andheri-400069, Tel: 22-32208018. ANKLESHWAR: Shop No - F -56, First Floor,Omkar Complex, Opp Old Colony,Nr Valia Char Rasta, GIDC, Ankleshwar- Bharuch -393002, Tel: 02646-310207. ARAMBAGH: Ward No 5,Basantapur More, PO Arambag, Hoogly Arambagh – 712601, West Bengal, Tel no. 03211-211003. ASANSOL: Block – G 1st Floor, P C Chatterjee Market Complex, Rambandhu Talab P O Ushagram, Asansol-713303, Tel: 0341-329 5235, 329 8306. AURANGABAD : Office No. 1, 1st Floor, Amodi Complex, Juna Bazar, Aurangabad-431001, Tel: 0240-329 5202, 2050664. BAGALKOT: 1st floor, E Block Melligeri Towers, station road, Bagalkot-587101, Tel: 8354-225329. BALASORE: B C Sen Road, Balasore-756001, Tel: 06782-326808. BANGALORE: Trade Centre, 1st Floor, 45, Dikensen Road, (Next to Manipal Centre), Bangalore-560 042, Tel: 080-3057 4709, 3057 4710, 30578004, 30578006. BANKURA: Cinema Road, Nutanganj, Beside Mondal Bakery, PO & District Bankura, Bankura – 722101, West Bengal, Tel. no. 03242-252668. BAREILLY: F-62-63, Butler Plaza, Civil Lines, Bareilly, Bareilly-243001, Tel: 581-3243322. BASTI: Office no 3, Ist Floor, Jamia Shopping Complex, (Opposite Pandey School), Station Road, Basti-272002, Tel: 5542-327979. BELGAUM: 1st Floor, 221/2A/1B, Vaccine Depot Road, Near 2nd Railway gate, Tilakwadi, Belgaum-590006, Tel: 0831-329 9598. BELLARY: 60/5, Mullangi Compound, Gandhinagar Main Road, ( Old Gopalswamy Road), Bellary-583101, Tel: 08392-326848. BERHAMPUR: First Floor, Upstairs of Aaroon Printers, Gandhi Nagar Main Road, Orissa, Berhampur-760001, Tel: 0680-3205855. BHAGALPUR: Krishna, I Floor, Near Mahadev Cinema, Dr.R.P.Road, Bhagalpur, Bhagalpur-812002, Tel: 641-3209094. BHARUCH (PARENT: ANKLESHWAR TP): F-108, Rangoli Complex, Station Road, Bharuch, Bharuch -392001, Tel: -098253 04183. BHATINDA: 2907 GH,GT Road, Near Zila Parishad, BHATINDA, BHATINDA-151001, Tel: 164-3204511. BHAVNAGAR: 305-306, Sterling Point, Waghawadi Road, OPP. HDFC BANK, Bhavnagar-364002, Tel: 0278-3208387, 2567020. BHILAI: Shop No. 117, Ground Floor, Khicharia Complex, Opposite IDBI Bank, Nehru Nagar Square, Bhilai-490020, Tel: 9203900630. BHILWARA: Indraparstha tower, Second floor, Shyam ki sabji mandi, Near Mukharji garden, Bhilwara-311001, Tel: 01482-231808, 321048. BHOPAL: Plot no 10, 2nd Floor, Alankar Complex, Near ICICI Bank, MP Nagar, Zone II, Bhopal-462011, Tel: 0755-329 5873. BHUBANESWAR: Plot No - 111, Varaha Complex Building, 3rd Floor, Station Square, Kharvel Nagar,Unit 3, Bhubaneswar-751 001, Tel: 0674-325 3307, 325 3308. BHUJ: Data Solution, Office No:17, I st Floor, Municipal Building Opp Hotel Prince, Station Road, Bhuj - Kutch-370001, Tel: 02832-320924. BHUSAWAL (PARENT: JALGAON TP): 3, Adelade Apartment, Christain Mohala, Behind Gulshan-E-Iran Hotel, Amardeep Talkies Road, Bhusawal, Bhusawal-425201, Tel: -. BIJAPUR: 1st floor, Gajanan Complex, Azad Road, Bijapur-586101, Tel: 8352-259520. BIKANER: F 4,5 Bothra Complex, Modern Market, Bikaner, Bikaner-334001, Tel: 151-3201590. BILASPUR: 2nd Floor, Gwalani Chambers,St Xavier School Road,In Front of CIT (Income Tax) Office,Vyapar Vihar, Bilaspur – 495001,Tel: 9203900626. BOKARO: Mazzanine Floor, F-4, City Centre, Sector 4, Bokaro Steel City, Bokaro -827004, Tel: 06542-324 881. BURDWAN: 399, G T Road, Basement of Talk of the Town, Burdwan-713101, Tel: 0342-320 7077. CALICUT: 29/97G 2nd Floor, Gulf Air Building, Mavoor Road, Arayidathupalam, Calicut-673016, Tel: 0495-325 5984. CHANDIGARH: Deepak Tower, SCO 154-155,1st Floor, Sector 17-C, Chandigarh-160 017, Tel: 0172-304 8720, 304 8721, 304 8722, 3048723. CHANDRAPUR: Near Bangalore Bakery, Kasturba Road, Chandrapur, Chandrapur-442402, Tel: 7172-253108. CHENNAI: Ground Floor No.178/10, Kodambakkam High Road, Opp. Hotel Palmgrove, Nungambakkam, Chennai-600 034, Tel: 044-39115 561, 39115 562, 39115 563, 39115 565. CHENNAI: Rayala Towers, 158, Anna Salai, Chennai – 600002 Tel: 044 30407236. CHHINDWARA: Shop No. 01, Near Puja Lawn, Parasia Road,

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Chhindwara - 480 001, Madhya Pradesh, Tel No: 9203900507. CHIDAMBARAM: Shop No. 1 & 2, saradaram complex door no 6-7, Theradi kadai street, Chidambaram, Chidambaram-608001, Tel: 4144-221746. CHITTORGARH: 3 Ashok Nagar, Near Heera Vatika, Chittorgarh -312001, Tel: 1472-324810. COCHIN: Ittoop’s Imperial Trade Center, Door No. 64/5871 – D, 3rd Floor, M. G. Road (North), Cochin-682 035, Tel: 0484-323 4658. COIMBATORE: Old # 66 New # 86, Lokamanya Street (West), Ground Floor, R.S.Puram, Coimbatore-641 002, Tel: 0422-301 8000. COOCHBEHAR: N. N. Road, Power House Choupathi, Coochbehar – 736101, West Bengal, Tel. no.: 9378451365. CUTTACK: Near Indian Overseas Bank, Cantonment Road, Mata Math, Cuttack-753001. DARBHANGA: Shahi Complex,1st Floor, Near RB Memorial hospital,V.I.P. Road, Benta, Laheriasarai, Darbhanga, Darbhanga-846001, Tel: 6272-326989. DAVENEGERE: 13, Ist Floor, Akkamahadevi Samaj Complex, Church Road, P.J.Extension, Devengere-577002, Tel: 08192-326226. DEHRADUN: 204/121 Nari Shilp Mandir Marg, Old Connaught Place, Dehradun-248001, Tel: 0135-325 8460. DEOGHAR: S S M Jalan Road, Ground floor, Opp. Hotel Ashoke, Caster Town, Deoghar-814112, Tel: 6432-320227. DEWAS: Tarani Colony, Near Pushp Tent House, Dewas - 455001, Madhya Pradesh, Tel no: 07272-403382, DHANBAD: Urmila Towers, Room No: 111(1st Floor), Bank More, Dhanbad-826001, Tel: 0326-2304675. DHARMAPURI : 16A/63A, Pidamaneri Road, Near Indoor Stadium, Dharmapuri, Dharmapuri -636 701, Tel: 4342-310304. DHULE: H. No. 1793 / A, J.B. Road, Near Tower Garden, Dhule-424 001, Tel: 2562-329902. DURGAPUR: City Plaza Building, 3rd floor, City Centre, Durgapur-713 216, Tel: 0343-329 8890, 329 8891, 6451419. ERODE: 197, Seshaiyer Complex, Agraharam Street, Erode-638001, Tel: 0424-320 7730. FAIZABAD: Amar Deep Building,3/20/14, IInd floor, Niyawan, Faizabad – 224001, Tel No: 9235406436. FARIDHABAD: B-49, Ist Floor, Nehru Ground, Behind Anupam Sweet House, NIT, Faridhabad-121001, Tel: 0129-3241148. GANDHIDHAM: S-7, Ratnakala Arcade,Plot No. 231, Ward – 12/B, Gandhidham – 370201, Gujarat. Tel. No. - 02836-650116. GHAZIABAD: 113/6 I Floor, Navyug Market, Gazhiabad-201001, Tel: 0120-3266917, 9910480189 (mobile of CH). GOA: No.108, 1st Floor, Gurudutta Bldg, Above Weekender, M G Road, Panaji (Goa) -403 001, Tel: 0832-325 1755, 325 1640. GONDAL (PARENT RAJKOT): A/177, Kailash Complex, Opp. Khedut Decor, GONDAL-360 311, Tel: 0281-329 8158. GORAKHPUR: Shop No. 3, Second Floor, The Mall, Cross Road, A.D. Chowk, Bank Road, Gorakhpur-273001, Tel: 0551-329 4771. GULBARGA: Pal Complex, Ist Floor, Opp. City Bus Stop,SuperMarket, Gulbarga, Gulbarga-585 101, Tel: 8472-310119. GUNTUR: Door No 5-38-44, 5/1 BRODIPET, Near Ravi Sankar Hotel, Guntur-522002, Tel: 0863-325 2671. GURGAON: SCO - 16, Sector - 14, First floor, Gurgaon-122001, Tel: 0124-326 3763. GUWAHATI: A.K. Azad Road, Rehabari, Guwahati-781008, Tel: 0361-260 7771. GWALIOR: G-6 Global Apartment, Kailash Vihar Colony, Opp. Income Tax Office,City Centre, Gwalior-474002, Tel: 0751-320 2311. HALDIA: 2nd Floor, New Market Complex, 2nd Floor, New Market Complex, Durgachak Post Office,Purba Medinipur District, Haldia, Haldia-721 602, Tel: 3224-320273. HALDWANI: Durga City Centre, Nainital Road, Haldwani, Haldwani -263139, Tel: 5946-313500. HARIDWAR: No. 7, Kanya Gurukul Road, Krishna Nagar, Haridwar - 249404, Uttarakhand, Phone no: 1334-245828, HAZARIBAG: Municipal Market, Annanda Chowk, Hazaribagh, Hazaribagh-825301, Tel: 6546-320250. HIMMATNAGAR: D-78 First Floor, New Durga Bazar, Near Railway Crossing, Himmatnagar, Himmatnagar -383 001, Tel: 2772-321080. HISAR: 12, Opp. Bank of Baroda, Red Square Market, Hisar, Hisar-125001, Tel: 1662-329580. HOSHIARPUR : Near Archies Gallery, Shimla Pahari Chowk, Hoshiarpur, Hoshiarpur-146 001, Tel: 1882-321082. HOSUR: No.9/2, 1st Floor,Attibele Road, HCF Post, Behind RTO Office,Mathigiri, Hosur – 635110,Tel: 04344-645010. HUBLI: No.204 - 205, 1st Floor, ‘ B ‘ Block, Kundagol Complex, Opp. Court, Club Road, Hubli-580029, Tel: 0836-329 3374. HYDERABAD: 208, II Floor, Jade Arcade, Paradise Circle, Secunderabad-500 003, Tel: 040-3918 2471, 3918 2473, 3918 2468, 3918 2469. INDORE: 101, Shalimar Corporate Centre, 8-B, South tukogunj, Opp.Greenpark, Indore-452 001, Tel: 0731-325 3692, 325 3646. JABALPUR: 8, Ground Floor, Datt Towers, Behind Commercial Automobiles, Napier Town, Jabalpur-482001, Tel: 0761-329 1921. JAIPUR: R-7, Yudhisthir Marg, C-Scheme, Behind Ashok Nagar Police Station, Jaipur-302 001, Tel: 0141-326 9126, 326 9128, 5104373, 5104372. JALANDHAR: 367/8, Central Town, Opp. Gurudwara Diwan Asthan, Jalandhar-144001, Tel: 0181-2222882. JALGAON: Rustomji Infotech Services, 70, Navipeth, Opp. Old Bus Stand, Jalgaon-425001, Tel: 0257-3207118. JALNA : Shop No 6, Ground Floor, Anand Plaza Complex, Bharat Nagar,Shivaji Putla Road, Jalna, Jalna-431 203, Tel: -. JAMMU: JRDS Heights, Lane Opp. S&S Computers, Near RBI Building, Sector 14, Nanak Nagar, Jammu-180004, Tel: 09205432061, 2432601. JAMNAGAR: 217/218, Manek Centre, P.N. Marg, Jamnagar-361008, Tel: 0288-3206200. JAMSHEDPUR: Millennium Tower, “R” Road, Room No:15 First Floor, Bistupur, Jamshedpur-831001, Tel: 0657-3294202. JAUNPUR : 248, FORT ROAD, Near AMBER HOTEL, Jaunpur -222001, Tel: 5452-321630. JHANSI: Opp SBI Credit Branch, Babu Lal Kharkana Compound, Gwalior Road, Jhansi-284001, Tel: 510-3202399. JODHPUR: 1/5, Nirmal Tower, Ist Chopasani Road, Jodhpur-342003, Tel: 0291-325 1357. JORHAT: Ganesh Chandra Baruah Complex. K.B.Road, Near Doss & Co., Jorhat 785001 AAssam. Phone no.- 0376-2932558. JUNAGADH: “AASTHA PLUS”, 202-A, 2nd floor, Sardarbag road, Near Alkapuri, Opp. Zansi Rani Statue, Junagadh – 362001, Gujarat, Tel: 0285-6540002. KADAPA: Bandi Subbaramaiah Complex, D.No:3/1718, Shop No: 8, Raja Reddy Street, Kadapa, Kadapa-516 001, Tel: 8562-322099. KAKINADA: No.33-1, 44 Sri Sathya Complex, Main Road, Kakinada, Kakinada-533 001, Tel: 884-320 7474, 320 4595. KALYANI: A - 1/50, Block - A, Dist Nadia, Kalyani-741235, Tel: 033-32422712. KANNUR: Room No.14/435, Casa Marina Shopping Centre, Talap, Kannur, Kannur-670004, Tel: 497-324 9382. KANPUR: I Floor 106 to 108, CITY CENTRE Phase II, 63/ 2, THE MALL, Kanpur-208 001, Tel: 0512-3918003, 3918000, 3918001, 3918002. KARIMNAGAR: HNo.7-1-257, Upstairs S B H, Mangammathota, Karimnagar, Karimnagar -505 001, Tel: 878-3205752, 3208004. KARNAL (PARENT :PANIPAT TP): 7, 2nd Floor, Opp Bata Showroom, Kunjapura Road, Karnal -132001, KARUR: 126 G, V.P.Towers, Kovai Road, Basement of Axis Bank, Karur, Karur -639002, Tel: 4324-311329. KATNI: 1st FLOOR, GURUNANAK DHARMAKANTA, Jabalpur Road, BARGAWAN, KATNI-483 501, Tel: 7622-322104. KESTOPUR: S.D. Tower, Sreeparna Apartment, AA-101, Prafulla Kannan (West), Shop No. 1M, Block –C (Ground Floor), Kestopur – 700101, Kolkata. KHAMMAM : Shop No: 11 - 2 - 31/3, 1st floor, Philips Complex, Balajinagar, Wyra Road, Near Baburao Petrol Bunk, KHAMMAM-507

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001, Tel: 8742-323973. KHARAGPUR: H.NO.291/1, Ward No-15, Malancha Main Road, Opposite UCO Bank, Kharagpur, Kharagpur-721301, Tel: 3222-323984. KOLHAPUR: 2 B, 3rd Floor, Ayodhya Towers, Station Road, Kolhapur-416001, Tel: 0231-3209 356. KOLKATA: Saket Building, 44 Park Street, 2nd Floor, Kolkata-700016, Tel: 033-3058 2285, 3058 2303, 30582281. KOLLAM: Kochupilamoodu Junction, Near VLC, Beach Road, Kollam-691001, Tel: 474-3248376, Cell:9847067534. KORBA: Shop No 6, Shriram Commercial Complex, Infront of Hotel Blue Diamond, Ground Floor, T.P. Nagar, Korba-495677, Chhattisgarh. KOTA: B-33 ‘Kalyan Bhawan, Triangle Part, Vallabh Nagar, Kota-324007, Tel: 0744-329 3202. KOTTAYAM: Jacob Complex, Building No - Old No-1319F, New No - 2512D,Behind Makkil Centre,Good Sheperd Road,Kottayam – 686001 Tel: 0481-3207 011. KUMBAKONAM: Jailani Complex, 47, Mutt Street, Kumbakonam-612001, Tel: 435-3200911. KURNOOL: H.No.43/8, Upstairs, Uppini Arcade, N R Peta, Kurnool, Kurnool -518 004, Tel: 8518-312 978, 312 970. LUCKNOW: Off # 4,1st Floor,Centre Court Building, 3/c, 5 - Park Road, Hazratganj, Lucknow-226 001, Tel: 0522-391 8000, 391 8001, 391 8002, 3918003. LUDHIANA: U/ GF, Prince Market, Green Field, Near Traffic Lights, Sarabha Nagar Pulli, Pakhowal Road, Ludhiana-141 002, Tel: 0161-301 8000, 301 8001. MADURAI: Ist Floor,278, North Perumal Maistry street, Nadar Lane, Madurai-625 001, Tel: 0452-325 2468. MALDA: Daxhinapan Abasan, Opp Lane of Hotel Kalinga, SM Pally, Malda, Malda-732 101, Tel: 3512-329951. MANGALORE: No. G 4 & G 5, Inland Monarch, Opp. Karnataka Bank, Kadri Main Road, Kadri, Mangalore-575 003, Tel: 0824-325 1357, 325 2468. MANIPAL: Basement Floor, Academy Tower,Opposite Corporation Bank, Manipal – 576 104, Karnataka, Tel: 9243689046. MAPUSA (PARENT ISC : GOA): Office no.CF-8, 1st Floor, Business Point, Above Bicholim Urban Co-op Bank, Angod, Mapusa, Mapusa-403 507, Tel: 09326126122. MARGAO: Virginkar Chambers I Floor, Near Kamath Milan Hotel, New Market, Near Lily Garments, Old Station Road, Margao, Margao-403 601, Tel: 832-3224658. MATHURA: 159/160 Vikas Bazar, Mathura-281001, Tel: 0565-3207007. MEERUT: 108 Ist Floor Shivam Plaza, Opposite Eves Cinema, Hapur Road, Meerut -250002, Tel: 0121-325 7278. MEHSANA: 1st Floor, Subhadra Complex, Urban Bank Road, Mehsana, Mehsana-384 002, Tel: 2762-323985, 323117. MIRZAPUR: Dhundhi Katra, Mirzapur-231001, Tel: 5442-220282. MOGA: Gandhi Road, Opp Union Bank of India, Moga, Moga-142001, Tel: 1636-310088. MORADABAD: B-612 ‘Sudhakar’, Lajpat Nagar, Moradabad-244001, Tel: 0591-329 9842. MUMBAI: Rajabahdur Compound, Ground Floor, Opp Allahabad Bank, Behind ICICI Bank, 30, Mumbai Samachar Marg, Fort, Mumbai-400 023, Tel: 022-30282468, 30282469, 30282471, 65257932. MUZZAFARPUR: Brahman toli, Durgasthan, Gola Road, Muzaffarpur-842001, Tel: 0621-3207052. MYSORE: No.1, 1st Floor, CH.26 7th Main, 5th Cross, (Above Trishakthi Medicals), Saraswati Puram, Mysore-570009, Tel: 0821-3294503. NADIAD (PARENT TP: ANAND TP): F 142, First Floor, Ghantakarna Complex, Gunj Bazar, Nadiad - 387001, Gujrat. NAGERCOIL: 47,Court Road, Nagercoil-629 001, Tel: 4652-229549. NAGPUR: 145 Lendra, New Ramdaspeth, Nagpur-440 010, Tel: 0712-325 8275, 3258272, 2432447. NAMAKKAL: 156A / 1, First Floor, Lakshmi Vilas Building, Opp. To District Registrar Office, Trichy Road, Namakkal, Namakkal-637001, Tel: 4286-322540. NASIK: Ruturang Bungalow, 2 Godavari Colony, Behind Big Bazar, Near Boys Town School, Off College Road, Nasik-422005, Tel: 0253-325 0202. NANDED: Shop No. 303, 1st Floor, Raj Mohd. Complex, Main Road, Shrinagar, Nanded - 431 605, Maharashtra, Tel no: 9579444034, NAVSARI: 16, 1st Floor, Shivani Park, Opp. Shankheswar Complex, Kaliawadi, Navsari - 396 445, Gujarat, Tel: 02637-650144. NELLORE: 97/56, I Floor Immadisetty Towers, Ranganayakulapet Road, Santhapet, Nellore-524001, Tel: 0861-329 8154, 320 1042. NEW DELHI : 7-E, 4th Floor, Deen Dayaal Research Institute Building, Swami Ram Tirath Nagar, Near Videocon Tower Jhandewalan Extension, New Delhi -110 055, Tel: 011-30482468, 30588103, 30482468. NOIDA: C-81,1st floor, Sector - 2, Noida-201301, Tel: 120-3043335. ONGOLE: Old govt hospital Road, Opp Konigeti guptha Apartments., Ongole-523001, Tel: 8592-281514. PALAKKAD: 10 / 688, Sreedevi Residency, Mettupalayam Street, Palakkad, Palakkad-678 001, Tel: 491-3261114. PALANPUR: 3rd Floor, T - 11, Opp.Goverment Quarter, College Road, Palanpur, Palanpur-385001, Tel: 2742-321811. PANIPAT: 83, Devi Lal Shopping Complex, Opp ABN Amro Bank, G.T.Road, Panipat-132103, Tel: 0180-325 0525, 400 9802. PATHANKOT: 13 - A, Ist Floor, Gurjeet Market Dhangu Road, Pathankot – 145001, Punjab. Tel no. 0186 – 3205010. PATIALA: 35, New lal Bagh Colony, Patiala-147001, Tel: 0175-329 8926, 222 9633. PATNA: G-3, Ground Floor, Om Vihar Complex, SP Verma Road, Patna-800 001, Tel: 0612-325 5284, 325 5285, 3255286. PERINTHALMANNA: 1st floor, Mashreq Trade centre, Calicut Road, Perinthalmanna, Malappuram (Dist ) – 679322 Kerala, Phone no 4933315153, PHAGWARA: Opposite BSNL Telephone Exchange, Model Town, Phagwara - 144401, Punjab, Phone no: 1824-260336, PONDICHERRY: S-8, 100, Jawaharlal Nehru Street, (New Complex, Opp. Indian Coffee House), Pondicherry-605001, Tel: 0413-421 0030, 329 2468. PORT BLAIR: IInd Floor,PLA Building, Opp.ITF Ground,VIP Road, Junglighat, Port Blair-744 103 Phone no.- 03192-230506 PUNE: Nirmiti Eminence, Off No. 6, I Floor, Opp Abhishek Hotel Mehandale Garage Road, Erandawane, Pune-411 004, Tel: 020-3028 3005, 3028 3003, 3028 3000. RAE BARELI: 17, Anand Nagar Complex, Rae Bareli, Rae Bareli -229001, Tel: 535-3203360. RAIPUR: HIG,C-23, Sector - 1, Devendra Nagar, Raipur-492004, Tel: 0771-3296 404, 3290830. RAJAHMUNDRY: Door No: 6-2-12, 1st Floor,Rajeswari Nilayam, Near Vamsikrishna Hospital, Nyapathi Vari Street, T Nagar, Rajahmundry-533 101, Tel: 0883-325 1357. RAJAPALAYAM: No 59 A/1, Railway Feeder Road, Near Railway Station, Rajapalayam, Rajapalayam-626117, Tel: 4563-327520. RAJKOT: Office 207 - 210, Everest Building, Harihar Chowk, Opp Shastri Maidan, Limda Chowk, Rajkot-360001, Tel: 0281-329 8158. RANCHI: 4, HB Road, No: 206, 2nd Floor Shri Lok Complex, H B Road Near Firayalal, Ranchi-834001, Tel: 0651-329 8058. RATLAM: Dafria & Co, 18, Ram Bagh, Near Scholar’s School, Ratlam-457001, Tel: 07412-324817. RATNAGIRI: Kohinoor Complex, Near Natya Theatre, Nachane Road, Ratnagiri, Ratnagiri-415 639, Tel: 2352-322950. ROHTAK: 205, 2ND Floor, Blg. No. 2, Munjal Complex, Delhi Road, Rohtak-124001, Tel: 01262-318589. ROORKEE: 22 CIVIL LINES GROUND FLOOR, HOTEL KRISH RESIDENCY, Roorkee, Roorkee-247667, Tel: 1332-312386. ROURKELA: 1st Floor, Mangal Bhawan, Phase II, Power House Road, Rourkela-769001, Tel: 0661-329 0575. SAGAR: Opp. Somani Automobiles, Bhagwanganj, Sagar, Sagar-470 002, Tel: 7582-326894. SAHARANPUR: I Floor, Krishna Complex, Opp. Hathi Gate, Court Road, Saharanpur, Saharanpur-247001, Tel: 132-2712507. SALEM: No.2, I Floor Vivekananda Street, New

85

Fairlands, Salem-636016, Tel: 0427-325 2271. SAMBALPUR: C/o Raj Tibrewal & Associates, Opp.Town High School,Sansarak, Sambalpur-768001, Tel: 0663-329 0591. SANGLI : Jiveshwar Krupa Bldg,Shop. No.2, Ground Floor,Tilak Chowk, Harbhat Road,Sangli – 416416, Tel: - 0233 – 6600510. SATARA: 117 / A / 3 / 22, Shukrawar Peth, Sargam Apartment, Satara-415002, Tel: 2162-320989. SHAHJAHANPUR: Bijlipura, Near Old Distt Hospital, Near Old Distt Hospital, Shahjahanpur-242001, Tel: 5842-327901. SHILLONG: D’Mar Shopping Complex, Lakari Building, 2nd Floor, Police Bazar, Shillong-793001, Tel. no. : 0364-2502511 .SHIMLA: I Floor, Opp. Panchayat Bhawan Main gate, Bus stand, Shimla, Shimla -171001, Tel: 177-3204944. SHIMOGA: Nethravathi, Near Gutti Nursing Home, Kuvempu Road, Shimoga, Shimoga-577 201, Tel: 8182-322 980. SILIGURI: No 7, Swamiji Sarani, Ground Floor, Ground Floor,Hakimpara, Siliguri-734001, Tel: 0353-329 1103. SIRSA: Beside Overbridge, Next to Nissan car showroom, Hissar Road, Sirsa, Sirsa -125055, Tel: 1666-327248. SITAPUR: Arya Nagar, Near Arya Kanya School, Sitapur, Sitapur-261001, Tel: 5862-324356. SOLAN : 1st Floor, Above Sharma General Store, Near Sanki Rest house, The Mall, Solan, Solan -173 212, Tel: 1792-321075. SOLAPUR: Flat No 109, 1st Floor, A Wing, Kalyani Tower, 126 Siddheshwar Peth, Near Pangal High School, Solapur-413001, Tel: 0217-3204200. SREERAMPUR - 102, Alokalaya, Ground Floor,N.S. Avenue, Sreerampur -712 201, Phone no.- 033 - 26628176. SRIGANGANAGAR: 18 L Block, Sri Ganganagar, Sri Ganganagar -335001, Tel: 154-3206580. SRIKAKULAM: Door No 4-4-96, First Floor, Vijaya Ganapathi Back Side, Nanubala Street, Srikakulam-532 001, Tel: 8942- 650110. SULTANPUR: 967, Civil Lines, Near Pant Stadium, Sultanpur -228 001, Tel: 09389 403149. SURAT: Plot No.629,2nd Floor, Office No.2-C/2-D, Mansukhlal Tower, Beside Seventh Day Hospital, Opp.Dhiraj Sons, Athwalines, Surat-395 001, Tel: 0261-326 2267, 326 2468, 326 0352. SURENDRANAGAR: 2 M I Park, Near Commerce College, Wadhwan City, Surendranagar, Surendranagar-363035, Tel: 2752-320233. THANE: 3rd Floor, Nalanda Chambers, “B” Wing, Gokhale Road,Near Hanuman Temple, Naupada, Thane -400 602, Tel: 22-31920050. THIRUPPUR: 1(1), Binny Compound, II Street, Kumaran Road, Thiruppur-641601, Tel: 0421-3201271. THIRUVALLA: 24/590-14, C.V.P Parliament Square Building, Cross Junction, Thiruvalla – 689 101, Kerala, Tel no: 0469 – 6061004. TINSUKIA: Dhawal Complex, Ground Floor, Durgabari, Rangagora Road,Near Dena Bank, Tinsukia-786125, Tel: 374-2336742. TIRUNELVELI: 1 Floor, Mano Prema Complex, 182 / 6, S.N High Road, Tirunelveli-627001, Tel: 0462-320 0308. TIRUPATHI: Door No : 18-1-597, Near Chandana Ramesh Showroom, Bhavani Nagar, Tirumala Byepass Road, Tirupathi-517 501, Tel: 0877-3206887. TRICHUR: Room No. 26 & 27, DEE PEE PLAZA, Kokkalai, Trichur-680001, Tel: 0487-325 1564. TRICHY: No 8, I Floor, 8th Cross West Extn, Thillainagar, Trichy-620018, Tel: 0431-329 6909. TRIVANDRUM: R S Complex, Opposite of LIC Building, Pattom PO, Trivandrum-695004, Tel: 0471-324 0202. TUTICORIN: Ground Floor, Mani Nagar, Tuticorin, Tuticorin, Tuticorin-628 008, Tel: 461-3209960. UDAIPUR: 32 Ahinsapuri, Fatehpura Circle, Udaipur-313004, Tel: 0294-3200054. UDHAMPUR: Guru Nanak Institute, NH-1A, Udhampur - 182101, Jammu, Tel no: 191-2432601, UJJAIN : 123, 1st Floor, Siddhi Vinanyaka Trade Centre, Saheed Park, Ujjain -456 010, Tel: 734-3206291. UNJHA (PARENT: MEHSANA): 10/11, Maruti Complex, Opp. B R Marbles, Highway Road, Unjha, Unjha -384 170, Tel: -. VADODARA: 103 Aries Complex, BPC Road, Off R.C. Dutt Road, Alkapuri, Vadodara -390 007, Tel: 0265-301 8032, 301 8031. VALSAD: 3rd floor, Gita Nivas, opp Head Post Office, Halar Cross Lane, Valsad-396001, Tel: 02632-324623. VAPI: 208, 2nd Floor, Heena Arcade, Opp. Tirupati Tower, Near G.I.D.C, Char Rasta, Vapi, Vapi-396195, Tel: 0260 - 6540104. VARANASI: Varanasi- Office no. 1, Second floor, Bhawani Market, Building No. D-58/2-A1, Rathyatra, Beside Kuber Complex, Varanasi-221010, Uttar Pradesh, VASO(PARENT GOA): No DU 8, Upper Ground Floor, Behind Techoclean Clinic, Suvidha Complex, Near ICICI Bank, Vasco da gama -403802, Tel: -. VELLORE: No.1, Officer’s Line, 2nd Floor, MNR Arcade, Opp. ICICI Bank, Krishna Nagar, Vellore-632 001, Tel: 0416-3209017. VIJAYAWADA: 40-1-68, Rao & Ratnam Complex, Near Chennupati Petrol Pump, M.G Road, Labbipet, Vijayawada-520 010, Tel: 0866-329 9181, 329 5202. VISAKHAPATNAM: 47/ 9 / 17, 1st Floor, 3rd Lane, Dwaraka Nagar, Visakhapatnam-530 016, Tel: 0891-329 8397, 329 8374, 2554893. WARANGAL: A.B.K Mall, Near Old Bus Depot Road, F-7, Ist Floor, Ramnagar, Hanamkonda, Warangal – 506001, Tel. no. 0870 - 6560141. YAMUNA NAGAR: 124-B/R Model Town, Yamunanagar, Yamuna Nagar-135 001, Tel: 1732-316770. YAVATMAL: Pushpam, Tilakwadi, Opp. Dr. Shrotri Hospital, Yavatma, Yavatmal-445 001, Tel: 7232-322780.

Place : Mumbai

Date : May 14, 2018

Mutual Fund investments are subject to market risks,read all scheme related documents carefully.

Asset Management Company:SBI Funds Management Private Limited

(A Joint Venture between SBI & AMUNDI), (CIN : U65990MH1992PTC065289),Trustee : SBI Mutual Fund Trustee Company Pvt. Ltd. (CIN : U65991MH2003PTC138496),

Sponsor : State Bank of India.Regd. Office: 9th Floor, Crescenzo, C-38 & 39, G Block, Bandra-Kurla Complex,

Bandra (E), Mumbai – 400 051. Tel.: 91-22-61793000 • Fax: 91-22-67425687E-mail: [email protected] • Website: www.sbimf.com

This is with reference to the notice cum addendum published on April 13, 2018 pertaining to categorization of different open-ended Schemes of SBI Mutual Fund. In respect of SBI Regular Savings Fund, investors are requested to note the changes in benchmark details as follows:

For SBI Funds Management Private LimitedSd/-

Anuradha RaoManaging Director & CEO

Corrigendum to the notice cum addendum published on April 13, 2018 to the Scheme Information Document (SID) / Key information Memorandum (KIM), of the Schemes of

SBI Mutual Fund

This Addendum forms an integral part of the Scheme Information Document/Key Information Memorandum of the Scheme as amended from time to time.

NOTICE CUM ADDENDUM

ExistingScheme Name

RevisedScheme Name

Benchmark in Notice/Addendum (under the

proposed features)


SBI Magnum Medium Duration Fund

CRISIL AA Medium Term Bond index

NIFTY Medium Duration Debt Index

Benchmark tobe read as

Page:1 (continued....)

NOTICE

Notice is hereby given that SEBI vide its Circular no. SEBI/HO/IMD/DF3/CIR/P/2017/114 dated October 6, 2017 read with SEBI Circularno. SEBI/HO/IMD/DF3/CIR/P/2017/126 dated December 4, 2017, had advised to re-classify and categorise different open-ended Schemesmanaged by AMCs in line with the categories defined in the said Circular(s) in order to ensure that different schemes launched by a MutualFund are clearly distinct in terms of asset allocation, investment strategy etc. In this regard, the Board of Directors of SBI FundsManagement Private Limited (the AMC) & SBI Mutual Fund Trustee Company Private Limited (Trustee to the Fund) have approved themodifications in the provisions of the Scheme(s) in line with the requirement of the said Circular(s).

In this regard, the following sections under the Scheme Information Document (SID)/Key information Memorandum (KIM), as applicable, ofthe Scheme(s) will be modified as under:

1. SBI Blue Chip Fund

Attribute/feature Existing Features Proposed Features

Type of Scheme An open-ended Growth Scheme. An open-ended Equity Scheme predominantly investing inlarge cap stocks.

InvestmentObjective

To provide investors with opportunities for long-term growthin capital through an active management of investments ina diversified basket of equity stocks of companies whosemarket capitalization is atleast equal to or more than theleast market capitalised stock of S&P BSE 100 Index.

To provide investors with opportunities for long-term growthin capital through an active management of investments ina diversified basket of large cap equity stocks (as specifiedby SEBI/AMFI from time to time).

Asset Allocation Type of Normal Allocation RiskInstruments (% of Net Assets) Profile

70-100

High

0-10

0-30 Medium

0-30 Low

Maximum limit for stock lending - Not more than 20% of thenet assets of the scheme.

Limit for Derivative transactions - Limits as permitted underSEBI Regulations from time to time.

~Investments in foreign securities/ADR/GDR would complywith the Guidelines and overall limits laid down for MutualFunds by SEBI for investments in foreign securities.Investments in foreign securities/ADR/GDR would also bein companies regarded as blue chip companies.

* Money Market Instruments will include Commercial Paper,Commercial Bills, Certificates of Deposit, Treasury Bills,Bills Rediscounting, Repos, CBLO, Government securitieshaving an unexpired maturity of less than 1 year, alternateto Call or notice money, Usance Bills and any other suchshort-term instruments as may be allowed under theregulations prevailing from time to time.

Investment in equities would be through primary as well assecondary market, private placement, preferential/firmallotments etc and in derivatives. Performance will dependon the Asset Management Company’s ability to assessaccurately and react to changing market conditions. Thescheme may also enter into repurchase and reverserepurchase obligation in all securities held by it as per theguidelines and regulations applicable for such transactions.Any investment in Government securities may be insecurities supported by ability to borrow from the Treasury,or sovereign or state government guarantee, or supportedby the Government of India/a State Government in anyother manner. Further, the scheme may participate insecurities lending, invest in foreign securities and trade inderivatives as permitted under SEBI (MF) Regulations,1996. The scheme would not invest in Securitized Debt.

The above investment pattern is indicative and may bechanged by the Fund Manager from time to time, keepingin view market conditions, market opportunities, applicableregulations, legislative amendments and other political andeconomic factors. It must be clearly understood that thepercentages stated above are only indicative and notabsolute and that they can vary substantially dependingupon the perception of the AMC, the intention being at alltimes to seek to protect the interests of the Magnum/UnitHolders. The funds raised under the scheme shall beinvested only in transferable securities as per Regulation44(1), Schedule 7 of the SEBI (Mutual Funds) Regulations,1996 as amended from time to time.

There can be no assurance that the investment objectiveof the scheme will be realized. The scheme will also reviewthese investments from time to time and the Fund Managermay churn the portfolio to the extent as consideredbeneficial to the investors.

Instruments Indicative Asset RiskAllocation Profile

Minimum Maximum

Equity and equity 80% 100% Highrelated instruments oflarge cap companies*(including Derivatives)

Other equities and 0% 20% Highequity relatedinstruments

Units issued by 0% 10% MediumREIT/InVIT^ to High

Debt instruments 0% 20% Medium(including securitizeddebt)

Money Market 0% 20% LowInstruments

• The scheme may engage in stock lending - upto 20% ofthe net assets of the scheme.

• Exposure to derivatives instruments to the extent of50% of the Net Assets as permitted by SEBI.

• The Scheme may seek investment opportunities inforeign securities including ADRs/GDRs/Foreign equityand debt securities subject to the Regulations. Suchinvestment shall not exceed 20% of the net assets ofthe Scheme.

• The scheme may invest in mutual fund units aspermissible.

• The Scheme may invest in repo in corporate debt.

*Large Cap Stocks - 1st - 100th company in terms of fullmarket capitalization. This will be in line with limits/classification defined by AMFI/SEBI from time to time.

Other equities could include mid and small cap stocks. MidCap:101st to 250th company in terms of full marketcapitalization. Small Cap: 251st company onwards in termsof full market capitalization. The exposure across thesestocks will be in line with limits/classification defined byAMFI/SEBI from time to time.

^The exposure will be in line with SEBI/AMFI limits specifiedfrom time to time.

The Investment Managers may at their discretion, alter thepattern of investment in keeping with the long-term objectivesof the scheme and in the interest of the investors providedsuch changes do not result in a change in the fundamentalattributes/investment profile of the scheme and are short-term changes on defensive consideration.


It must be clearly understood that the percentages statedabove are only indicative and not absolute and that theycan vary substantially depending upon the perception ofthe AMC, the intention being at all times to seek to protectthe interests of the Unit Holders.

The above investment pattern is indicative and may bechanged by the Fund Manager for a short-term period ondefensive considerations, keeping in view marketconditions, market opportunities, applicable SEBI (MutualFunds) Regulations 1996, legislative amendments and otherpolitical and economic factors, the intention being at alltimes to seek to protect the interests of the Unit Holders.If the exposure falls outside the above mentioned assetallocation pattern, the portfolio to be rebalanced by AMCwithin 30 days from the date of said deviation.

Above rebalancing will be subject to market conditions andin the interest of the investors. If the fund manager for anyreason is not able to rebalance the asset allocation withinabove mentioned period, the matter would be escalated toInvestment Committee for further direction. The InvestmentCommittee shall record the reason in writing leading thereason for falling the exposure outside the asset allocationand the Committee shall review and as consider necessarymay further direct the manner for rebalancing the samewithin the range of the asset allocation as mentioned above/further course of action required in this regard. The fundsraised under the scheme shall be invested only intransferable securities as per Regulation 44(1), Schedule 7of the SEBI (Mutual Funds) Regulations, 1996.

There can be no assurance that the investment objectiveof the scheme will be achieved.

InvestmentStrategy

The scheme would at all times have an exposure of atleast70% of its investments in the equity stocks. The schemewould invest in a diversified basket of equity stocks ofcompanies whose market capitalization is atleast equal toor more than the least market capitalized stock of BSE 100Index. Within the permissible universe of stocks for thescheme, blue chip stocks would normally qualify as thosestocks which are typically large companies with anestablished business presence, good reputation and arepossibly market leaders in their industries with lessuncertainty in topline/bottom line growth. Blue chipcompanies normally have a history of successful growth,high visibility and reach, good credit ratings and excellentbrand equity amongst the general public and widespreadinterest amongst investing public.

The scheme follows a blend of growth and value style ofinvesting. The scheme will follow a combination of topdown and bottom-up approach to stock-picking and choosecompanies across sectors. The scheme will predominantlyinvest in diversified portfolio of large cap stocks. LargeCap Stocks are - 1st - 100th company in terms of full marketcapitalization. This will be in line with limits/classificationdefined by AMFI/SEBI from time to time.

2. SBI Magnum Equity Fund


Name of Scheme SBI Magnum Equity Fund SBI Magnum Equity ESG Fund

InvestmentObjective

To provide the investor long-term capital appreciation byinvesting in high growth companies along with the liquidityof an open-ended scheme through investments primarilyin equities and the balance in debt and money marketinstruments.

To provide investors with opportunities for long-term growthin capital through an active management of investments ina diversified basket of companies following Environmental,Social and Governance (ESG) criteria.

Asset Allocation Instruments Indicative Asset RiskAllocation Profile

Minimum & Maximum

Equity and Equity Not less than 70% Mediumrelated Instruments to High

Debt instruments Not more than 30% Low to Medium

Securitized debt Not more than 10% Mediumof the investments to Highin debt instruments

Money market Balance Lowinstruments*


Minimum Maximum

Equity and equity 80% 100% Highrelated instrumentsfollowing Environmental,Social and Governance(ESG) criteria(including derivativesand foreign securities)

Other equities and equity 0% 20% Highrelated instruments

Type of Scheme An open-ended Equity Scheme. An open-ended Equity Scheme investing in companiesfollowing the ESG theme.

2. SBI Magnum Equity Fund (contd.)

* Money Market Instruments will include Commercial Paper,Commercial Bills, Certificates of Deposit, Treasury Bills,Bills Rediscounting, Repos, Government securities havingan unexpired maturity of less than 1 year, alternate to callor notice money, Usance Bills and any other such short-term instruments as may be allowed under the regulationsprevailing from time to time.

Investment in derivatives will be upto 50% of the net assets.

However, the above investment pattern may be changedat the discretion of Fund Manager in the interest of theinvestors provided such changes do not result in a changein the fundamental attributes/investment profile of thescheme and are short-term changes on defensiveconsideration. Investment in equities would be throughprimary as well as secondary market, private placement,preferential/firm allotments etc. The funds raised under thescheme shall be invested only in transferable securities asper Regulation 44(1), Schedule 7 of the SEBI (Mutual Funds)Regulations, 1996.

Investment in debentures and corporate bonds will be ofinvestment grade rated securities. In case of short-terminstruments, investments will be restricted to the instrumentshaving CRISIL rating of P-2 and above and/or ICRA ratingof A-2 and above or equivalent rating by other ratingagencies.

The fund may invest in foreign equities and may use anyhedging technique that are permissible or in future maybecome permissible under SEBI regulations. Suchinvestments carry the risk of fluctuations in foreignexchange rates.


Minimum Maximum

Units issued byREIT/ 0% 10% MediumInVIT* to High



* The exposure will be in line with SEBI/AMFI limits specifiedfrom time to time.


• Exposure to derivatives instruments to the extent of50% of the Net Assets as permitted by SEBI. Thecumulative gross exposure through Equity and equityrelated instruments including derivative position, debt,Money Market Instruments will not exceed 100% of thenet assets of the scheme.




The proportion of the scheme portfolio invested in eachtype of security will vary in accordance with economicconditions, interest rates, liquidity and other relevantconsiderations, including the risks associated with eachinvestment. Performance of the scheme will depend on theAsset Management Company’s ability to assess accuratelyand react to changing market conditions.

The above investment pattern is indicative and may bechanged by the Fund Manager for a short-term period ondefensive considerations, keeping in view marketconditions, market opportunities, applicable SEBI (MutualFunds) Regulations 1996, legislative amendments and otherpolitical and economic factors, the intention being at alltimes to seek to protect the interests of the Unit Holders.If the exposure falls outside the above-mentioned assetallocation pattern, the portfolio to be rebalanced by AMCwithin 30 days from the date of said deviation.



Asset Allocation

InvestmentStrategy

The scheme will be investing in primarily in equity & equityrelated instruments derivatives as also debt instruments(including securitized debt), Government Securities andmoney market instruments (such repos, reverse repos andany alternative to the call money market as may be directedby the RBI) and derivative instruments.

The scheme is likely to have a comprehensive check listacross parameters from Governance, Social &Environmental aspects of the company’s management ofits affairs. The endeavour would be to follow ‘ESGFramework’ in order to delve deeper into a company’smanagement practices, culture and risk profile which wouldthereby help us in understanding the impact on long-termshareholders.

Each security will be scored, using publicly available data,on ESG parameters which can impact or pose risks to thelong-term sustainability of the business. External specialistservice providers may be sought to enable this.

Active weights of a security will be determined by the ESGscores. A positive score will enable a positive active weight,and vice-versa. For securities lacking data, the portfoliomanager will look to engage with the company. Active weightsmay be capped to zero.

BenchmarkIndex

Nifty 50 Nifty 100 ESG Index

3. SBI Magnum Multicap Fund


Type of Scheme An open-ended Growth Scheme. An open-ended Equity Scheme investing across large cap,mid cap, small cap stocks.

Asset Allocation Type of Normal Allocation RiskInstruments (% of Net Assets) Profile

Equities and equity 70-100related instrumentsincluding derivatives High

Foreign Securities/ 0-10ADRs/GDRs ^

Fixed/Floating Rate 0-30 MediumDebt instruments

Money Market 0-30 Lowinstruments*


The allocation of investments between the various marketcapitalization segments in equity instruments would be asfollows:

Market Capitalization Minimum MaximumSegment allocation allocation

Large Cap 50% 90%

Mid Cap 10% 40%

Small Cap 0% 10%

The scheme would at all times have an exposure of atleast70% of its investments in the equity stocks. Exposure toderivatives instruments in the scheme can be upto amaximum of 50% of the equity portfolio of the scheme.Exposure to derivatives would be in addition to the equityexposure in the scheme and the scheme’s trading inderivatives shall be restricted to hedging and portfoliobalancing purposes only. The Mutual Fund has set exposurelimits in respect of the various types of derivativetransactions that are permitted by the SEBI guidelines asdetailed in this chapter.

^Investments in foreign securities/ADR/GDR would complywith the Guidelines and overall limits laid down for MutualFunds by SEBI for investments in foreign securities.

* Money Market Instruments will include Commercial Paper,Commercial Bills, Certificates of Deposit, Treasury Bills,Bills Rediscounting, Repos, Government securities havingan unexpired maturity of less than 1 year, Call or noticemoney, Usance Bills and any other such short-terminstruments as may be allowed under the regulationsprevailing from time to time.

Investment in equities would be through primary as well assecondary market, private placement, preferential/firmallotments etc and in derivatives.

Performance will depend on the Asset ManagementCompany’s ability to assess accurately and react tochanging market conditions. The scheme may also enterinto repurchase and reverse repurchase obligation in allsecurities held by it as per the guidelines and regulations


Minimum Maximum

Equity and equity 65% 100% Highrelated instruments(including derivatives)

Units issued by 0% 10% MediumREIT/InVIT* to High



*The exposure will be in line with SEBI/AMFI limits specifiedfrom time to time.









The above investment pattern is indicative and may bechanged by the Fund Manager for a short-term period ondefensive considerations, keeping in view market

Equities and equityrelated instrumentsincluding derivatives

Foreign Securities/ADRs/GDRs ~

Fixed/Floating Rate Debtinstruments

Money Marketinstruments*


NOTICE

3. SBI Magnum Multicap Fund (contd.)


Asset Allocation applicable for such transactions. Any investment inGovernment securities may be in securities supported byability to borrow from the Treasury, or sovereign or stategovernment guarantee, or supported by the Governmentof India/a State Government in any other manner. Further,the scheme may participate in securities lending, invest inforeign securities and trade in derivatives as permittedunder SEBI (MF) Regulations, 1996. The scheme would notinvest in Securitized Debt.

The above investment pattern is indicative and may bechanged by the Fund Manager from time to time, keepingin view market conditions, market opportunities, applicableregulations, legislative amendments and other political andeconomic factors. It must be clearly understood that thepercentages stated above are only indicative and notabsolute and that they can vary substantially dependingupon the perception of the AMC, the intention being at alltimes to seek to protect the interests of the MagnumHolders/Unit Holders. The funds raised under the schemeshall be invested only in transferable securities as perRegulation 44(1), Schedule 7 of the SEBI (Mutual Funds)Regulations, 1996 as amended from time to time.


conditions, market opportunities, applicable SEBI (MutualFunds) Regulations 1996, legislative amendments and otherpolitical and economic factors, the intention being at alltimes to seek to protect the interests of the Unit Holders.If the exposure falls outside the above mentioned assetallocation pattern, the portfolio to be rebalanced by AMCwithin 30 days from the date of said deviation.



InvestmentStrategy

The scheme would at all times have an exposure of atleast70% of its investments in the equity stocks. Exposure toderivatives instruments in the scheme can be upto amaximum of 50% of the equity portfolio of the scheme.Exposure to derivatives would be in addition to the equityexposure in the scheme and the scheme’s trading inderivatives shall be restricted to hedging and portfoliobalancing purposes only. The allocation of investmentsbetween the various market capitalization segments in equityinstruments would be as follows:

Large Cap - 50% - 90%, Midcap - 10% - 40%, Small Cap -0% - 10%.

The scheme will follow a bottom-up approach to stock-picking and choose companies across sectors/styles.The scheme will invest in diversified portfolio of stocksacross market capitalization. Large Cap Stocks : 1st - 100th

company in terms of full market capitalization. Mid CapStocks : 101st to 250th company in terms of full marketcapitalization. Small Cap Stocks: 251st company onwardsin terms of full market capitalization. The exposure acrossthese stocks will be in line with limits/classification definedby AMFI/SEBI from time to time.

4. SBI Magnum Midcap Fund


Asset Allocation Instruments Indicative Allocation Risk(% of Total Assets)* Profile

Minimum Maximum

Equities and equity 65% 100% Highrelated instruments ofMidcap companies

Equity and equity 0% 35% Highrelated instruments ofsmallcap Companies

Equity and equity 0% 20% Highrelated instruments oflargecap Companies

Foreign Securities/ 0% 10% HighADRs/GDRs

Debt and Money 0% 30% Low toMarket instruments Medium

• Largecaps are defined as top 100 stocks in terms ofmarket capitalisation.

• Midcaps are defined as 101st to the 400th stock in termsof market capitalisation.

• Smallcaps are defined as any stock beyond 401st stockin terms of market capitalisation.

*Exposure to derivatives instruments in the scheme canbe upto a maximum of 50% of the equity portfolio of thescheme. The cumulative gross exposure through equity,debt, foreign securities/ADR’s/GDR’s and derivativeposition will not exceed 100% of the net assets of thescheme.

Investments in foreign securities/ADRs/GDRs will be inaccordance with the Guidelines and overall limits laid downfor Mutual Funds by SEBI.

Money Market Instruments will include Commercial Paper,Commercial Bills, Certificates of Deposit, Treasury Bills,Bills Rediscounting, Repos, Collateralised Borrowing &Lending Obligation (CBLO), Government securities havingan unexpired maturity of less than 1 year, Call or noticemoney, Usance Bills and any other such short-terminstruments as may be allowed under the regulationsprevailing from time to time.

Investment in equities would be through primary as well assecondary market, private placement, preferential/firmallotments etc and in derivatives. The funds raised underthe scheme shall be invested only in transferable securitiesas per Regulation 44(1), Schedule 7 of the SEBI (MutualFunds) Regulations, 1996.

Performance will depend on the Asset ManagementCompany’s ability to assess accurately and react tochanging market conditions. The scheme may also enterinto repurchase and reverse repurchase obligation in allsecurities held by it as per the guidelines and regulationsapplicable for such transactions. Any investment inGovernment securities may be in securities supported byability to borrow from the Treasury, or sovereign or stategovernment guarantee, or supported by the Governmentof India/a State Government in any other manner. Further,the scheme may participate in securities lending, invest inforeign securities and trade in derivatives as permittedunder SEBI (MF) Regulations, 1996.

The above investment pattern is indicative and may bechanged by the Fund Manager from time to time, keepingin view market conditions, market opportunities, applicableregulations, legislative amendments and other political andeconomic factors. It must be clearly understood that thepercentages stated above are only indicative and notabsolute and thatthey can vary substantially dependingupon the perception of the AMC, the intention being at alltimes to seek to protect the interests of the Magnum Holders/Unit holders. The funds raised under the scheme shall beinvested only in transferable securities as per Regulation44(1), Schedule 7 of the SEBI (Mutual Funds) Regulations,1996 as amended from time to time.



Minimum Maximum

Equity and equity 65% 100% Highrelated instruments ofmidcap* companies(including derivatives)







• *Mid Cap Stocks : 101st to 250th company in terms of fullmarket capitalization. The exposure will be as per limits/classification defined by AMFI/SEBI from time to time.

• Other equities may include large cap stocks and smallcap stocks. Large Cap Stocks : 1st - 100th company interms of full market capitalization. Small Cap Stocks :251st company onwards in terms of full marketcapitalization. The exposure across these stocks will bein line with limits/classification defined by AMFI/SEBIfrom time to time.

• ^The exposure will be in line with SEBI/AMFI limitsspecified from time to time.










Type of Scheme An open-ended Growth Scheme. An open-ended Equity Scheme predominantly investing inmid cap stocks.

InvestmentStrategy

The scheme would invest the monies in a diversified basketof equity and equity related instruments, debt and moneymarket instruments. The Scheme will invest in diversifiedportfolio of equities of high growth companies.

The scheme follows a blend of growth and value style ofinvesting. The fund will follow a combination of top downand bottom-up approach to stock-picking and choosecompanies across sectors. The scheme will invest indiversified portfolio of large cap and mid cap stocks. LargeCap: 1st - 100th company in terms of full market capitalization.Mid Cap: 101st to 250th company in terms of full marketcapitalization. The exposure to these will be as per limits/classification defined by AMFI/SEBI from time to time.

Benchmark Index S&P BSE 200 S&P BSE Large Mid Cap

5. SBI Magnum Multiplier Fund


Name of Scheme SBI Magnum Multiplier Fund SBI Large & Midcap Fund

InvestmentObjective

To provide the investor with long-term capital appreciation/dividends along with the liquidity of an open-ended scheme.The Scheme will invest in diversified portfolio of equities ofhigh growth companies.

To provide the investor with the opportunity of long-termcapital appreciation by investing in diversified portfoliocomprising predominantly large cap and mid cap companies.

Asset Allocation Instruments Indicative Allocation Risk(% of Total Net Assets) ProfileMinimum & Maximum High/

Medium/Low

Equities and equity Not less than 70% Mediumrelated instruments to High

Debt instruments Not more than 30% Low to(including Securitized MediumDebt) and Govt.Securities Debt

Securitized Debt Not more than 10% Mediumof investments in to Highdebt instrument

Money Market Balance Lowinstruments^

^Money Market Instruments will include Commercial Paper,Commercial Bills, Certificates of Deposit, Treasury Bills,Bills Rediscounting, Repos, Government securities havingan unexpired maturity of less than 1 year, alternate toCall or notice money, Usance Bills and any other suchshort-term instruments as may be allowed under theregulations prevailing from time to time.

Investment in derivatives will be upto 50% of the netassets.

However, the above investment pattern may be changedat the discretion of the Fund Manager in the interest of theinvestors provided such changes do not result in a changein the fundamental attributes/investment profile of thescheme and are short-term changes on defensiveconsideration.

Investment in equities would be through primary as well assecondary market, private placement, preferential/firmallotments etc. The funds raised under the scheme shall beinvested only in transferable securities as per Regulation44(1) of the SEBI (Mutual Funds) Regulations, 1996.

The fund may invest in foreign securities and may use anyhedging techniques that are permissible now or in the futuremay become permissible under SEBI Regulations.Investment in debentures and corporate bonds will be ininvestment grade rated securities. In case of short-terminstruments, investments will be restricted to the instrumentshaving CRISIL rating of P-2 and above and/or ICRA ratingof A-2 and above or equivalent rating by other ratingagencies.


Minimum Maximum

Equity and equity 35% 65% Highrelated instruments oflarge cap* companies(including derivatives)

Equity and equity 35% 65% Highrelated instrumentsof mid cap* companies(including derivatives)





The scheme may engage in stock lending - upto 20% of thenet assets of the scheme.

Exposure to derivatives instruments to the extent of 50%of the Net Assets as permitted by SEBI. The cumulativegross exposure through Equity and equity relatedinstruments including derivative position, debt, MoneyMarket Instruments will not exceed 100% of the net assetsof the scheme.

*Large Cap: 1st - 100th company in terms of full marketcapitalization. Mid Cap: 101st to 250th company in terms offull market capitalization. The exposure will be as per limits/classification defined by AMFI/SEBI from time to time.Other equities may include small cap stocks. Small Cap -251st company onwards in terms of full market capitalization.The exposure across these stocks will be in line with limits/classification defined by AMFI/SEBI from time to time.


The Scheme may seek investment opportunities in foreignsecurities including ADRs/GDRs/Foreign equity and debtsecurities subject to the Regulations. Such investmentshall not exceed 30% of the net assets of the Scheme.

The scheme may invest in mutual fund units as permissible.

The Scheme may invest in repo in corporate debt.







Type of Scheme An open-ended Equity Scheme. An open-ended Equity Scheme investing in both large capand mid cap stocks.

6. SBI Magnum Global Fund


InvestmentObjective

To provide the investors maximum growth opportunitythrough well researched investments in Indian equities,PCDs, and FCDs from selected industries with high growthpotential, and Bonds.

To provide the investor with the opportunity of long-termcapital appreciation by investing in diversified portfoliocomprising primarily of MNC companies.

Asset Allocation Instruments Indicative Allocation Risk(% of Total Net Assets) ProfileMinimum Maximum High/

Medium/Low

Equity Partly 80 100 Mediumconvertible to Highdebentures andfully convertibledebentures andBondsMoney Market 0 20 Lowinstruments^

^ Money Market Instruments will include Commercial Paper,Commercial Bills, Certificates of Deposit, Treasury Bills,Bills Rediscounting, Repos, Government securities havingan unexpired maturity of less than 1 year, alternate to Callor notice money, Usance Bills and any other such short-term instruments as may be allowed under the regulationsprevailing from time to time.


Minimum Maximum

Equity and equity 80% 100% Highrelated companieswithin MNC spaceincluding derivativesand foreign securities#





Type of Scheme An open-ended Equity Scheme. An open-ended Equity Scheme investing in companiesfollowing the MNC theme.

InvestmentStrategy

The scheme shall invest in a well-diversified basket ofequity stocks of Midcap companies. Large caps are the top100 stocks in terms of market capitalisation,midcaps arethe 101st to the 400th stock in terms of market capitalisation& Smallcaps are any stock beyond 401st stock in terms ofmarket capitalisation.

The scheme follows a blend of growth and value style ofinvesting. The fund will follow a bottom-up approach to stock-picking and choose companies across sectors. The schemewill invest predominantly in diversified portfolio of mid capstocks. Mid Cap: 101st to 250th company in terms of fullmarket capitalization. The exposure will be as per limits/classification defined by AMFI/SEBI from time to time.

Benchmark Index Nifty Midsmall Cap 400 Nifty Free Float Midcap 150

Benchmark Index S&P BSE Midsmall Cap Nifty MNC


NOTICE

6. SBI Magnum Global Fund (contd.)

Attribute/feature Existing Features Proposed FeaturesInvestment in derivatives will be upto 50% of the netassets.

However, the above investment pattern may be changedat the discretion of Fund Manager in the interest of theinvestors provided such changes do not result in a changein the fundamental attributes/investment profile of thescheme and are short-term changes on defensiveconsideration. Accordingly, investments may be made inselect companies in other industries.

Investment in equities would be through primary as well assecondary market, private placement, preferential/firmallotments etc. The portfolio will be sufficiently diversifiedso as to reduce the risk of underperformance due tounexpected security-specific factors. The funds raisedunder the scheme shall be invested only in transferablesecurities as per Regulation 44(1), 7 Schedule of the SEBI(Mutual Funds) Regulations, 1996. Investment in FCDs &PCDs will be of investment grade rated securities. In casea debt instrument is not rated, mutual funds may constitutecommittees who can approve such proposals forinvestments in unrated instruments subject to the approvalof the detailed parameters for such investments by theBoard of Directors and the Board of Trustees.

The fund may invest in foreign equities or debt and mayuse any hedging techniques that are permissible underSEBI Regulations. Investments in foreign securities carrythe risk of fluctuations in foreign exchange rates.

The Scheme being open-ended, some portion of the portfoliowill be invested in highly liquid money market instrumentsor government paper so as to meet the normal repurchaserequirements. The remaining investments will be made insecurities which are either expected to be reasonably liquidor of varying maturities. However, the NAV of the Schememay be impacted if the securities invested in are renderedilliquid after investment.

* The exposure will be in line with SEBI/AMFI limits specifiedfrom time to time.



#The Scheme may seek investment opportunities in foreignsecurities including ADRs/GDRs/Foreign equity and debtsecurities subject to the Regulations. Such investmentshall not exceed 35% of the net assets of the Scheme.




The proportion of the scheme portfolio invested in eachtype of security will vary in accordance with economicconditions, interest rates, liquidity and other relevantconsiderations, including the risks associated with eachinvestment. Performance of the scheme will depend onthe Asset Management Company’s ability to assessaccurately and react to changing market conditions.


Above rebalancing will be subject to market conditions andin the interest of the investors. If the fund manager forany reason is not able to rebalance the asset allocationwithin above mentioned period, the matter would be escalatedto Investment Committee for further direction. TheInvestment Committee shall record the reason in writingleading the reason for falling the exposure outside theasset allocation and the Committee shall review and asconsider necessary may further direct the manner forrebalancing the same within the range of the asset allocationas mentioned above/further course of action required inthis regard. The funds raised under the scheme shall beinvested only in transferable securities as perRegulation 44(1), Schedule 7 of the SEBI (Mutual Funds)Regulations, 1996.


InvestmentStrategy

The scheme will invest in select securities, primarily inequities, FCDs, PCDs, NCDs listed on Indian StockExchanges, other capital market related instruments, FDsof scheduled commercial banks, call and other moneymarket instruments etc.

The fund will follow a bottom-up approach to stock-pickingand choose companies across sectors/market capitalizationwhich fall under the criteria of MNC. MNC Companies willbe those: 1. Major Shareholding is by foreign entity,2. Indian companies having over 50% turnover from regionsoutside India, 3. Foreign listed Companies.

7. SBI Emerging Businesses Fund


InvestmentObjective

To participate in the growth potential presented by variouscompanies that are considered emergent and have exportorientation/outsourcing opportunities or are globallycompetitive by investing in the stocks representing suchcompanies. The fund may also evaluate emergingbusinesses with growth potential and domestic focus.

To provide the investor with the opportunity of long-termcapital appreciation by investing in a concentrated portfolioof equity and equity related securities.

Type of Scheme An open-ended Equity Fund. An open-ended Equity Scheme investing in maximum30 stocks across multicap space.

Asset Allocation Type of Instruments Normal Allocation Risk(% of Net Assets) Profile

Equities or equity At least 90 % Mediumrelated instruments to Highincluding derivativesacross diversifiedsectors *

Money Market Upto 10% LowInstruments

*Investments in equities would be well diversified acrossvarious emerging sectors with exposure to a particularbusiness would be restricted to 25% of the total investmentportfolio under normal market conditions. For exampleexposure to stocks of companies belonging to thePharmaceutical sector may be capped at 25% of the totalinvestment portfolio. Exposure to a particular sector maybe however increased upto a maximum limit of 35% underexceptional circumstances at the discretion of the FundManager based on his assessment about the potential ofthat sector with the approval of the Investment Committee.In addition to the above restriction, this Fund shall notinvest more than 10% of its assets in equity shares orequity related instruments of any company and shall notinvest more than 5% of its assets in unlisted equity sharesor equity related instruments of companies.

The business areas listed in the highlights to this sub-fundare only indicative and investments may not be restrictedto the above areas only. Since the theme for this sub-fundis ‘emerging businesses’, the Fund Manager may in futurealso invest in other business areas which maybe consideredemergent with domestic focus and/or provide export/outsourcing opportunities and are globally competitive.

The Emerging Businesses Fund would primarily focus itsinvestments in emerging business themes, primarily basedon the export/outsourcing opportunities and/or globalcompetitiveness of such themes. It will also focus onemerging domestic investment themes. Over the last threeto four years a large number of companies have been ableto leverage the “low cost and high skill” advantage of Indiato make a strong foray into the global markets. This movestarted with companies in the IT and Pharma sectors wherecompanies like Infosys, Wipro, Ranbaxy etc have made astrong mark in the overseas markets and have establishedthe “India” brand name. Subsequently this brand name hasbeen well leveraged by other companies in these industriesand today we have a whole array of companies from theseindustries doing well in the overseas markets.

However the India advantage is not restricted to just thesesectors. Similar skills combined with the ability to take uphigh technology customized work for overseas clients hasmade a number of companies in industries like auto, autoancillaries, Agrochemicals, Engineering etc to make strongmoves overseas. This has resulted in a greater acceptanceof India as a destination of high quality work not only in theservices sector but also in manufacturing. Over the nextfew years there will be a number of other such emergingthemes. For example, with the phasing out of quotas Indiashare of the overall textiles trade is set to go up exponentiallyover the next few years. Jewellery exports are also anemerging opportunity for Indian companies operating inthis field. The advantage of a large domestic base combinedwith the recent initiatives on duty free import of raw materialshas brightened the prospects for this industry.

In the domestic arena, businesses which have actuallyemerged over the last three to four years have been in thegrowth areas of Telecom and Infrastructure. So in this


Minimum Maximum

Equity and equity 65% 100% Highrelated instrumentsincluding derivatives






Exposure to derivatives instruments to the extent of 50%of the Net Assets as permitted by SEBI.








Above rebalancing will be subject to market conditions andin the interest of the investors. If the fund manager for anyreason is not able to rebalance the asset allocation withinabove mentioned period, the matter would be escalated toInvestment Committee for further direction. The InvestmentCommittee shall record the reason in writing leading thereason for falling the exposure outside the asset allocationand the Committee shall review and as consider necessarymay further direct the manner for rebalancing the samewithin the range of the asset allocation as mentioned above/further course of action required in this regard. The fundsraised under the scheme shall be invested only in

Name of thescheme

SBI Emerging Businesses Fund SBI Focused Equity Fund

7. SBI Emerging Businesses Fund (contd.)

Attribute/feature Existing Features Proposed Featuresregard the investment themes would be companies likeBharati Televentures, Gammon India, and IVRCLConstruction etc. These companies are primarily focusedon the domestic market. Retailing is likely to be a largeemerging domestic oriented sector. Also with the focus onpower reforms there is the likelihood of some new growthopportunities in this segment. The cost of capital goingdown significantly in India in combination with the economicreforms is likely to drive new initiatives from companiesacross sectors. This has the potential of creating tremendouswealth for shareholders if these initiatives are well executed.With the growth rate in the economy accelerating we believethat the potential for new businesses is also likely toaccelerate, thus creating good investment opportunities.Theinvestments may be made in primary as well as secondarymarkets. The portfolio will be sufficiently diversified so asto reduce the risk of underperformance due to unexpectedsecurity specific factors. If allowed in future, the fundmay invest in overseas markets (subject to relevant RBIguidelines and subject to RBI approval).

The above investment pattern is indicative and may bechanged by the fund manager on defensive considerations.The funds raised under the scheme shall be invested onlyin transferable securities as per Regulation 44(1), Schedule7 of the SEBI (Mutual Funds) Regulations, 1996.


transferable securities as per Regulation 44(1), Schedule 7of the SEBI (Mutual Funds) Regulations, 1996.


InvestmentStrategy

Investment in equities would be well diversified acrossvarious emerging sectors with exposure to a particularbusiness would be restricted to 25% of the total investmentportfolio under normal market condition. This Fund shall notinvest more than 10% of its assets in equity shares orequity related instruments of any company and shall notinvest more than 5% of its assets in unlisted equity sharesor equity related instruments of companies.

The fund will follow a bottom-up approach to stock-pickingand invest in companies across market capitalization andsectors. The fund will take high conviction bets and thetotal number of securities would be equal to or under 30.

8. SBI Small & Midcap Fund


InvestmentObjective

To generate income and long-term capital appreciation byinvesting in a diversified portfolio of predominantly in equityand equity related securities of small & midcap Companies.

To provide investors with opportunities for long-term growthin capital along with the liquidity of an open-ended schemeby investing predominantly in a well diversified basket ofequity stocks of small cap companies.

Type of Scheme An open-ended Equity Scheme. An open-ended Equity Scheme predominantly investing insmall cap stocks.

Asset Allocation Instruments Asset Allocation(% of Net Assets)

Minimum Maximum

Equity and equity related 90% 100%Instruments

Debt & Money Market Securities* 0% 10%

* Investments in asset backed securities (securitized debt)will not exceed 10% of the net assets of the Scheme. TheScheme will not invest in foreign securitised debt.

The corpus of the Scheme will be primarily invested inSmall and Midcap equity and equity related securities ofthe companies in the small and midcap segment. Theportfolio will comprise of a maximum of 30 stocks. Allocationbetween the various market capitalization segments in equityinstruments will be on the basis of the entire portfolio andwill be subject to the allocations as mentioned below:

Market Capitalization Minimum MaximumSegment Allocation Allocation

Small Cap 50% 70%

Midcap 30% 40%

Large Cap 0% 20%

• Large caps are defined as top 100 stocks in terms ofmarket capitalisation.

• Midcaps are defined as 101st stock in terms of marketcapitalisation to 400th stock in terms of marketcapitalisation.

• Small Caps are defined as any stock beyond401st stock in terms of market capitalisation.

The fund will have a capacity constraint of INR 750 crores.Depending on the evolution of the equity markets andliquidity scenario, the trustee reserve the right to changethe capacity.

If the scheme decides to invest in Foreign Securities inaccordance with SEBI Regulations, it is the intention of thefund manager that such investments will not normally exceed20% of the net assets of the scheme.

If the Scheme decides to invest in derivatives, it is theintention of the fund manager that such investments willnot normally exceed 50% of the net assets of the Scheme.The cumulative gross exposure through Equity & Equityrelated instruments, Debt & Money Market Securitiesincluding derivative positions will not exceed 100% of thenet assets of the scheme. The Scheme will enter intoderivatives transactions for the purposes of hedging andportfolio rebalancing in accordance with the guidelines issuedby SEBI to protect the value of the portfolio. Further, thefund manager may engage in short selling of securities inaccordance with the Regulations.


Minimum Maximum

Equity and equity 65% 100% Highrelated instruments ofsmall cap* companies(including derivatives)







*Small Cap: 251st company onwards in terms of full marketcapitalization. The exposure will be as per limits/classificationdefined by AMFI/SEBI from time to time.

Other equities could include stocks other than small cap.Large Cap: 1st - 100th company in terms of full marketcapitalization. Mid Cap: 101st to 250th company in terms offull market capitalization. The exposure will be as perlimits/classification defined by AMFI/SEBI from timeto time.









Above rebalancing will be subject to market conditions andin the interest of the investors. If the fund manager for anyreason is not able to rebalance the asset allocation withinabove mentioned period, the matter would be escalated toInvestment Committee for further direction. The InvestmentCommittee shall record the reason in writing leading thereason for falling the exposure outside the asset allocationand the Committee shall review and as consider necessarymay further direct the manner for rebalancing the samewithin the range of the asset allocation as mentionedabove/further course of action required in this regard.The funds raised under the scheme shall be invested onlyin transferable securities as per Regulation 44(1),Schedule 7 of the SEBI (Mutual Funds) Regulations, 1996.


Name of thescheme

SBI Small & Midcap Fund SBI Small Cap Fund


NOTICE

8. SBI Small & Midcap Fund (contd.)


InvestmentStrategy

The primary investment strategy of the fund is to invest inthe stocks of small & midcap companies. A small portionwill be invested in large cap stocks and debt & moneymarket securities. Stocks will be selected on the basis ofbottom-up & top-down approach.

Basis for selection of approach:

The transition of the economy towards a free market/openeconomy, which began post the 1991 reforms, has continuedlargely unabated. This has been despite changing politicalstewardship and a volatile global macro.

India is poised for a higher economic growth on a sustainedbasis given the structural factors. There is a large investmentuniverse (over 5000 listed stocks) across various sectorsoffering ample opportunities for bottom up stock picking.

The changes that offers equity investor’s opportunities foractive alpha generation are:

• Changes in the pattern of consumption

• Rural consumption

• Consumption of financial services.

• Mechanism of providing government support

• Asset ownership

• Opportunities in outsourcing/exports

• Change in ownership patters

A high degree of efficiency probably exists in large partsof financial markets, but we believe, it is possible to identifymispriced opportunities due to the market’s structural andbehavioural tendencies, some of which are elaborated below:

• Time arbitrage

• Special situations

• Research arbitrage.

These opportunities/arbitrages are recognized at each stepof our investment process. Identification of marketopportunities is an output of our research process. Thescheme will look at following parameters to identify theseopportunities:

� Bottom-up

Business Model, Management quality, Valuations andLiquidity are the important ingredients in the bottom-upstock picking process.

• Business Model: The competitive edge of the business,its position vis-à-vis competition, impact of geo politicalissues, impact of policy (Local and Global), the scopeof business expansion.

• Management Quality: Management’s vision, executionability, ability to adapt the change, corporate governanceand transparency.

• Valuations: Fair value of the company, Return of capital,Growth, Relative value, current premium/discount,expectations.

• Liquidity: The scheme will have internal liquidity measureswhich will be considered by the fund manager beforemaking a buy decision.

� Top Down:

Top down views are essentially used to blend the macrounderstanding and analysis in bottom up stock-picking.Given the nature of economy and regulatory evolution,government policies and regulatory developments can havesignificant impact on certain sectors.

Some of the domestic variables that are actively trackedto form a top down view:

• Fiscal policy

• Macro indicators and industry data

• Government Policies and regulatory developments

• Monetary conditions and policy

The Top down approach helps us to effectively tilt theportfolio (Defensive, High Beta, Cyclicals etc).

The combination of the top down and bottom up approachwill help the fund manager to identify market opportunities/arbitrage.

The scheme follows a blend of growth and value style ofinvesting. The scheme will follow a bottom-up approach tostock-picking and choose companies within the small capspace. Small Cap: 251st company onwards in terms of fullmarket capitalization. The exposure will be as per limits/classification defined by AMFI/SEBI from time to time.

Please note that “The Board of Directors of Trustee Company and the Board of Directors of the AMC, after evaluating the marketconditions, may decide to limit/stop accepting fresh subscriptions in the Scheme till such time the market conditions change and canaccommodate further investments in the Scheme.”

9. SBI Contra Fund


InvestmentObjective

To provide the investors maximum growth opportunitythrough equity investments in stocks of growth orientedsectors of the economy.

To provide the investor with the opportunity of long-termcapital appreciation by investing in a diversified portfolioof equity and equity related securities following a contrarianinvestment strategy.

Type of Scheme An open-ended Equity Scheme. An open-ended Equity Scheme following contrarianinvestment strategy.

Asset Allocation Instruments Indicative Asset RiskAllocation Profile

Minimum Maximum

Equities of a particular 90% 100% Highsector

Money market 0% 10% Lowinstruments*


* Money Market Instruments will include Commercial Paper,Certificates of Deposit, Treasury Bills, Bills Rediscounting,Repos, short-term bank deposits, short-term Governmentsecurities (of maturities less than 1 year) and any othersuch short-term instruments as may be allowed under theregulations prevailing from time to time.

The Investment Managers may, however, at their discretion,alter the pattern of investment in keeping with the long-term objectives of the scheme and in the interest of theinvestors provided such changes do not result in a changein the fundamental attributes/investment profile of thescheme and are short-term changes on defensiveconsideration. Accordingly, investments may also be madein select companies in other industries.

The investments may be made in primary as well assecondary markets. The portfolio will be sufficientlydiversified so as to reduce the risk of underperformancedue to unexpected security specific factors. If allowed infuture, the fund may invest in overseas markets (subjectto relevant RBI guidelines and subject to RBI approval).




Minimum Maximum

Equity and equity 65% 100% Highrelated instrumentsof companies whichfollow the contrarianinvestment theme(including derivatives)

Other equities 0% 35% Highand equity relatedinstruments













The above investment pattern is indicative and may bechanged by the Fund Manager for a short-term period on

defensive considerations, keeping in view marketconditions, market opportunities, applicable SEBI (MutualFunds) Regulations 1996, legislative amendments and otherpolitical and economic factors, the intention being at alltimes to seek to protect the interests of the Unit Holders. Ifthe exposure falls outside the above mentioned assetallocation pattern, the portfolio to be rebalanced by AMCwithin 30 days from the date of said deviation.



9. SBI Contra Fund (contd.)


InvestmentStrategy

Fund invests in stocks which are currently out of favour.At least 90% of the funds collected under the scheme shallbe invested in equities of a particular sector.

The fund will follow a combination of top-down and bottom-up approach to stock-picking and choose companies withinthe contrarian investment theme.

BenchmarkIndex

S&P BSE 100 S&P BSE 500

10. SBI FMCG Fund


InvestmentObjective


To provide the investor with the opportunity of long-termcapital appreciation by investing in a diversified portfolio ofequity and equity related securities in Consumption space.

Type of Scheme An open-ended Equity Fund. An open-ended Equity Scheme following consumption theme.


Equities of a particular 90 - 100 Highsector

Money Market 0 - 10 LowInstruments*

*Money Market Instruments will include Commercial Paper,Certificates of Deposit, Treasury Bills, Bills Rediscounting,Repos, short-term bank deposits, short-term Governmentsecurities (of maturities less than 1 year) and any othersuch short-term instruments as may be allowed under theregulations prevailing from time to time.


At least 90% of the funds collected under the scheme shallbe invested in equities of a particular sector. Remainingfunds will be invested in money market instruments.






Minimum Maximum

Equities and equity 80% 100% Highrelated securities inConsumption sector(including derivativesand foreign securities*)







*The Scheme may seek investment opportunities in foreignsecurities including ADRs/GDRs/Foreign equity and debtsecurities subject to the Regulations. Such investmentshall not exceed 35% of the net assets of the Scheme.








Name of thescheme

SBI FMCG Fund SBI Consumption Opportunities Fund

BenchmarkIndex

S&P BSE Fast Moving Consumer Goods Index Nifty India Consumption

InvestmentStrategy

At least 90% of the funds collected under the scheme shallbe invested in equities of a particular sector.

The fund will follow a bottom-up approach to stock-pickingand choose companies within the Consumption space. Thescheme will invest in stocks of companies engaged in:

1. Consumer durables

2. Consumer non-durables

3. Retail

4. Textiles

5. Auto OEM’s

6. Media & entertainment

7. Hotels, resorts & travel services.

8. Education services

9. Airlines

10. E-commerce

11.Consumer transportation & logistics services.

11. SBI IT Fund


InvestmentObjective


To provide the investor with the opportunity of long-termcapital appreciation by investing in a diversified portfolioof equity and equity related securities in technology andtechnology related companies.

Type of Scheme An open-ended Equity Fund. An open-ended Equity Scheme investing in technology andtechnology related sectors.

Name of thescheme

SBI IT Fund SBI Technology Opportunities Fund

BenchmarkIndex

S&P BSE - Information Technology Index S&P BSE Teck


NOTICE

11. SBI IT Fund (contd.)













Minimum Maximum

Equities and equity 80% 100% Highrelated securities intechnology andtechnology relatedsecurities (includingderivatives andforeign securities*)















InvestmentStrategy


The fund will follow a bottom-up approach to stock-pickingand choose companies which are expected to derive benefitfrom development, use and advancement of technology.These will predominantly include companies in the followingindustries: • Technology services, including IT management,software, Data and IT Infrastructure services includingCloud computing, mobile computing infrastructure • Internettechnology enabled services including e-commerce,technology platforms, IoT (Internet of Things) and otheronline services • Electronic technology, including computers,computer products, and electronic components• Telecommunications, including networking, wireless, andwireline services, equipment and support; • Media andinformation services, including the distribution of informationand content providers • IT products, hardware andcomponents like PCs, Laptops, Servers, Chips,Semi-conductors etc.

12. SBI Pharma Fund


InvestmentObjective


To provide the investors with the opportunity of long-termcapital appreciation by investing in a diversified portfolioof equity and equity related securities in Healthcare space.

Type of Scheme An open-ended Equity Fund. An open-ended Equity Scheme investing in healthcare sector.












Minimum Maximum

Equities and equity 80% 100% Highrelated securities inHealthcare space(including derivativesand foreign securities*)












Name of thescheme

SBI Pharma Fund SBI Healthcare Opportunities Fund

InvestmentStrategy


The fund will follow a bottom-up approach to stock-pickingand choose companies within the healthcare space.Thescheme will invest in stocks of companies engaged in:1. Pharmaceuticals2. Hospitals3. Medical Equipment4. Healthcare service providers5. Biotechnology

12. SBI Pharma Fund (contd.)







13. SBI Magnum COMMA Fund


InvestmentObjective

To generate opportunities for growth along with possibility ofconsistent returns by investing predominantly in a portfolioof stocks of companies engaged in the commodity businesswithin the following sectors - Oil & Gas, Metals, Materials &Agriculture and in debt & money market instruments.

To generate opportunities for growth along with possibilityof consistent returns by investing predominantly in aportfolio of stocks of companies engaged in the commodityand commodity related businesses.

Type of Scheme An open-ended Scheme Investing in Stocks of CommodityBased Companies.

An open-ended Equity Scheme investing in commodityand commodity related sectors.


Equities and equity 65 - 100 Highrelated instruments ofcommodity basedcompanies#

Foreign Securities/ADRs/ 0 - 10 HighGDRs of commoditybased companies^

Fixed/Floating Rate 0 - 30 MediumDebt instrumentsincluding derivatives

Money Market 0 - 30 Lowinstruments*


*Money Market Instruments will include Commercial Paper,Commercial Bills, Certificates of Deposit, Treasury Bills,Bills Rediscounting, Repos, Government securities havingan unexpired maturity of less than 1 year, alternate to Callor notice money, Usance Bills and any other such short-term instruments as may be allowed under the regulationsprevailing from time to time.

#The scheme would at all times have an exposure ofatleast 65% of its investments in stocks of companiesengaged in the commodity business. The scheme intendsto take exposure only in the following four sectors - (i) Oil& Gas (Petrochemicals, Power, and Gas etc.), (ii) Metals(Zinc, Copper, Aluminum, Bullion, and Silver etc.), (iii)Materials (Paper, jute, cement etc.) (iv) Agriculture (Sugar,Edible Oil, Soya, Tea and Tobacco etc.). The schemecould invest in companies providing inputs to commoditymanufacturing companies. A few companies that thescheme intends to invest in within the above commoditysectors, is detailed below: TATA Steel, National AluminumCompany, Sterlite Industries, Ballarpur Industries, HPCL,ONGC, IPCL, GMDC, Hindustan Zinc, Foseco Ltd.Vesuvius India Ltd., ACC and Gujarat Ambuja, TATA Tea,GNFC and BalrampurChini Mills. Exposure to derivativesinstruments in the scheme can be upto a maximum of50% of the portfolio of the scheme. Exposure to derivativeinstruments maybe either through Stock Options andFutures or Index Options or Futures. However,investments in Stock Options and Futures would be limitedonly to the stocks within the four sectors of Oil & Gas,Metals, Materials and Agriculture. The scheme’s trading inderivatives shall be restricted to hedging and portfoliobalancing purposes. The Mutual Fund has set exposurelimits in respect of the various types of derivativetransactions that are permitted by the SEBI guidelines,which is detailed in Section ‘Trading in Derivatives’ in thischapter.

^Investments in foreign securities/ADR/GDR would complywith the Guidelines and overall limits laid down for MutualFunds by SEBI for investments in foreign securities.Investments in foreign securities would also be only in thestocks of the following sectors - Oil & Gas, Metals, Materialsand Agriculture. Investments in debt instruments may bein debt instruments of any Company and may also includeGovernment Securities. The scheme would not invest inSecuritized Debt.


Minimum Maximum

Equity and equity 80% 100% Highrelated securities ofcommodity and relatedcompanies (includingforeign securities*)

















InvestmentStrategy

The scheme would at all times have an exposure of atleast65% of its investments in stocks of companies engaged inthe commodity business. The scheme intends to takeexposure only in the following four sectors - (i) Oil & Gas(Petrochemicals, Power, and Gas etc.), (ii) Metals (Zinc,Copper, Aluminum, Bullion, and Silver etc.), (iii) Materials(Paper, jute, cement etc.) (iv) Agriculture (Sugar, EdibleOil, Soya, Tea and Tobacco etc.). The scheme could investin companies providing inputs to commodity manufacturingcompanies.

The scheme would at all times have an exposure of atleast80% of its investments in stocks of companies engaged inthe commodity and commodity related businesses (derivedfrom commodities). The scheme could invest in companiesproviding inputs to commodity manufacturing companies.

The scheme will invest in stocks of companies engaged in:

1. Oil & Gas (Petrochemicals, Power, and Gas etc.),

2. Metals (Zinc, Copper, Aluminum, Bullion, and Silver etc.),

3. Materials (Paper, jute, cement etc.) Agriculture (Sugar,Edible Oil, Soya, Tea and Tobacco etc.),

4. Textiles

5. Tea & Coffee


NOTICE

14. SBI Infrastructure Fund


Asset Allocation Instruments Indicative Allocation Risk(% of Total Assets) Profile

Minimum Maximum

Equities and equity 65% 100% Highrelated instrumentsincluding derivatives^

Debt and Money 0% 35% MediumMarket instruments to Low

^ Exposure to derivatives instruments in the scheme canbe up to a maximum of 50% of the equity portfolio of thescheme. For example, if the exposure to equity stocks inthe scheme is 65%, then exposure to derivatives would beup to a maximum of 32.5% in addition to the exposure toequity stocks in the scheme. Exposure to derivativeinstruments will be for hedging and portfolio balancingpurposes in addition to exploring opportunities for returnsenhancement.

Investment in equities would be through primary as well assecondary market, private placement, preferential/firmallotments etc and in derivatives.

Performance will depend on the Asset ManagementCompany’s ability to assess accurately and react tochanging market conditions. The scheme may also enterinto repurchase and reverse repurchase obligation in allsecurities held by it as per the guidelines and regulationsapplicable for such transactions. Further, the scheme mayparticipate in securities lending and trade in derivatives aspermitted under SEBI (MF) Regulations, 1996. The schemewould not invest in Securitized Debt.

The above investment pattern is indicative and may bechanged by the Fund Manager for a short-term period ondefensive considerations, keeping in view marketconditions, market opportunities, applicable SEBI (MF)Regulations 1996, legislative amendments and other politicaland economic factors, the intention being at all times toseek to protect the interests of the Magnum/Unit Holders.Review and rebalancing of the portfolio will be done whenthe asset allocation falls outside the range given above. Ifthe exposure falls outside the above mentioned assetallocation pattern, it will endeavour to restore within 3-6months. The funds raised under the scheme shall be investedonly in transferable securities as per Regulation 44(1),Schedule 7 of the SEBI (Mutual Funds) Regulations, 1996.



Minimum Maximum

Equity and equity 80% 100% Highrelated securities ofcompanies ininfrastructure sector(including foreignsecurities*)






Exposure to derivatives instruments to the extent of 50%of the Net Assets as permitted by SEBI. The cumulativegross exposure through equity and equity relatedinstruments (including derivatives), debt (including MoneyMarket Instrument) will not exceed 100% of the net assetsof the scheme.









Type of Scheme An open-ended Growth Scheme. An open-ended Equity Scheme investing in infrastructureand allied sectors.

InvestmentStrategy

The scheme will follow internal norms with respect to singlesector exposures. The scheme will be positioned as athematic “multi-sector” fund and not as a diversified equityfund. The scheme will invest in companies broadly withinthe following areas/sectors of the economy namely -1. Airports 2. Banks, Financial Institutions & Term lendingInstitutions 3. Cement & Cement Products 4. Coal5. Construction 6. Electrical & Electronic components7. Engineering 8. Energy including Coal, Oil & Gas, Petroleum& Pipelines 9. Industrial Capital Goods & Products10. Metals & Minerals 11. Ports 12. Power andPower equipment 13. Road & Railway initiatives14. Telecommunication 15. Transportation 16. UrbanInfrastructure including Housing & Commercial Infrastructure

The scheme will be positioned as a sectoral fund and not asa diversified equity fund. The scheme will invest incompanies broadly within the following areas/sectors ofthe economy namely - 1. Airports 2. Banks, FinancialInstitutions, Term lending Institutions and NBFCs 3. Cement& Cement Products 4. Coal 5. Construction 6. Electrical &Electronic components 7. Engineering 8. Energy includingCoal, Oil & Gas, Petroleum & Pipelines 9. Industrial CapitalGoods & Products 10. Metals & Minerals 11. Ports12. Power and Power equipment 13. Road & Railwayinitiatives 14. Telecommunication 15. Transportation 16.Urban Infrastructure including Housing & CommercialInfrastructure 17. Commercial Vehicles 18. IndustrialManufacturing 19. Logistic Service provider

15. SBI PSU Fund


Asset Allocation Instruments Indicative Allocation Risk(% of Total Assets) Profile

Minimum Maximum

Equity and equity 65 100 Mediumrelated instruments to Highcovered under theuniverse of PSUCompanies includingderivatives

Debt and Money 0 35 Low toMarket Instruments Medium

*Exposure to derivatives instruments in the scheme maybe to the extent of 50% of the net assets. The Cumulativegross total exposure of debt (excluding CBLO/repo),equity & derivatives (gross notional exposure) shall notexceed 100%.

Exposure to securitized debt may be to the extent of 20%of the net assets.

Investment in equities would be through primary as well assecondary market.

Performance will depend on the Asset ManagementCompany’s ability to assess accurately and react tochanging market conditions. The scheme may also enterinto repurchase and reverse repurchase obligation in allsecurities held by it as per the guidelines and regulationsapplicable for such transactions. Further, the scheme mayparticipate in securities lending and trade in derivatives aspermitted under SEBI (MF) Regulations, 1996.

The above investment pattern is indicative and maychanged by the Fund Manager for a short-term period ondefensive considerations, keeping in view marketconditions, market opportunities, applicable SEBI (MF)Regulations 1996, legislative amendments and other politicaland economic factors, the intention being at all times toseek to protect the interests of the Unit Holders. Reviewand rebalancing of the portfolio will be done when the assetallocation falls outside the range given above. If the exposurefalls outside the above mentioned asset allocation pattern,it will endeavour to restore within one month. If the fundmanager for any reason is not able to rebalance the assetallocation within one month, the matter would escalated to


Minimum Maximum

Equities of PSU 80% 100% Highcompanies and theirsubsidiaries (includingderivatives)





*The exposure will be in line with SEBI/AMFI limits specifiedfrom time to time.The scheme may engage in stock lending - upto 20% of thenet assets of the scheme.Exposure to derivatives instruments to the extent of 50%of the Net Assets as permitted by SEBI. The cumulativegross exposure through Equity and equity relatedinstruments including derivative position, debt, MoneyMarket Instruments will not exceed 100% of the net assetsof the scheme.The Scheme may invest in mutual fund units as permissible.The Scheme may invest in repo in corporate debt.The Investment Managers may at their discretion, alter thepattern of investment in keeping with the long-term objectivesof the scheme and in the interest of the investors providedsuch changes do not result in a change in the fundamentalattributes/investment profile of the scheme and are short-term changes on defensive consideration.There can be no assurance that the investment objectiveof the scheme will be realized. The scheme will also reviewthese investments from time to time and the Fund Managermay churn the portfolio to the extent as consideredbeneficial to the investors.

Type of Scheme An open-ended Equity Scheme. An open-ended Equity Scheme investing in PSU/PSUsubsidiaries.

InvestmentObjective

To provide investors with opportunities for long-term growthin capital along with the liquidity of an open-ended schemethrough an active management of investments in adiversified basket of equity stocks of domestic PublicSector Undertakings and in debt and money marketinstruments issued by PSUs and others.

To provide investors with opportunities for long-term growthin capital along with the liquidity of an open-ended schemethrough an active management of investments in adiversified basket of equity stocks of domestic PublicSector Undertakings (and their subsidiaries) and in debtand money market instruments issued by PSUs and others.

Investment Committee for further direction. The InvestmentCommittee shall record the reason in writing leading thereason for falling the exposure outside the asset allocationand the Committee shall review and as consider necessarymay further direct the manner for rebalancing the samewithin the range of the asset allocation as mentioned above.The funds raised under the scheme shall be invested onlyin transferable securities as per Regulation 44(1), Schedule7 of the SEBI (Mutual Funds) Regulations, 1996.

There can be no assurance that the investment objectiveof the scheme will be realized.

15. SBI PSU Fund (contd.)


InvestmentStrategy

The primary strategy of the scheme would be to invest inthe stocks of the PSU companies. The scheme wouldendeavor to identify market opportunities and at the sametime would sufficiently diversify its equity portfolio andcontrol liquidity risks and non-systematic risks by selectingwell researched stocks which have growth prospects on along and mid-term basis in order to provide stability andpossibility of returns in the scheme.

Investment in equities would be done through primary aswell as secondary market, private placement/QIP,preferential/firm allotments or any other mode as may beprescribed/available from time to time.

The primary strategy of the scheme would be to invest inthe stocks of the PSU companies and their subsidiaries.The scheme may invest in quasi PSUs/subsidiaries ofPSUs: 1. which could be part of PSU index 2. defined bymanagement control or ability to appoint key managerialpersonnel and not necessarily by equity stake of 51% (butminimum PSU/Central govt/state govt stake of 35% andhighest among others is required).The scheme wouldendeavor to identify market opportunities and at the sametime would sufficiently diversify its equity portfolio andcontrol liquidity risks and non-systematic risks by selectingwell researched stocks which have growth prospects on along and mid-term basis in order to provide stability andpossibility of returns in the scheme Investment in equitieswould be done through primary as well as secondarymarket, private placement/QIP, preferential/firm allotmentsor any other mode as may be prescribed/available fromtime to time.





16. SBI Banking & Financial Services Fund


Asset Allocation Instruments Indicative Allocation Risk(% of Total Assets)* Profile

Minimum Maximum

Equity and equity 80 100 Highrelated securities ofcompanies engagedin banking &financial services

Debt and Money 0 20 Low toMarket instruments Medium

*Exposure to derivatives may be to the extent of 50% ofthe net assets. Cumulative gross exposure through debt,equity & derivative shall not exceed 100% of the net assetsof the Scheme.

Exposure to securitized debt may be to the extent of 20%of the net assets.

The Scheme shall not invest in ADR/GDR/Foreign securities/Foreign securitized debt.

The Scheme shall not invest in repo in corporate debt.

The Scheme shall not engage in short selling and securitieslending.

The above investment pattern is indicative and may bechanged by the Fund Manager for a short-term period ondefensive considerations, keeping in view marketconditions, market opportunities, applicable SEBI (MutualFunds) Regulations 1996, legislative amendments and otherpolitical and economic factors, the intention being at alltimes to seek to protect the interests of the Unit Holders.If the exposure falls outside the above mentioned assetallocation pattern, the portfolio will be rebalanced by AMCwithin 30 days from the date of said deviation. If the fundmanager for any reason is not able to rebalance the assetallocation within above mentioned period, the matter wouldescalated to Investment Committee for further direction.The Investment Committee shall record the reason in writingleading the reason for falling the exposure outside theasset allocation and the Committee shall review and asconsider necessary may further direct the manner forrebalancing the same within the range of the asset allocationas mentioned above.The funds raised under the schemeshall be invested only in transferable securities as perRegulation 44(1), Schedule 7 of the SEBI (Mutual Funds)Regulations, 1996.


Minimum Maximum

Equity and equity 80% 100% Highrelated securities ofcompanies engagedin banking & financialservices





*The exposure will be in line with SEBI/AMFI limits specifiedfrom time to time.The scheme may engage in stock lending - upto 20% of thenet assets of the scheme.Exposure to derivatives instruments to the extent of 50%of the Net Assets as permitted by SEBI.The Scheme may seek investment opportunities in foreignsecurities including ADRs/GDRs/Foreign equity and debtsecurities subject to the Regulations. Such investmentshall not exceed 20% of the net assets of the Scheme.The scheme may invest in mutual fund units as permissible.The Scheme may invest in repo in corporate debtThe Investment Managers may at their discretion, alter thepattern of investment in keeping with the long-term objectivesof the scheme and in the interest of the investors providedsuch changes do not result in a change in the fundamentalattributes/investment profile of the scheme and are short-term changes on defensive consideration.There can be no assurance that the investment objectiveof the scheme will be realized. The scheme will also reviewthese investments from time to time and the Fund Managermay churn the portfolio to the extent as consideredbeneficial to the investors.It must be clearly understood that the percentages statedabove are only indicative and not absolute and that theycan vary substantially depending upon the perception ofthe AMC, the intention being at all times to seek to protectthe interests of the Unit Holders.The above investment pattern is indicative and may bechanged by the Fund Manager for a short-term period ondefensive considerations, keeping in view marketconditions, market opportunities, applicable SEBI (MutualFunds) Regulations 1996, legislative amendments and otherpolitical and economic factors, the intention being at alltimes to seek to protect the interests of the Unit Holders.If the exposure falls outside the above mentioned assetallocation pattern, the portfolio to be rebalanced by AMCwithin 30 days from the date of said deviation.Above rebalancing will be subject to market conditions andin the interest of the investors. If the fund manager for anyreason is not able to rebalance the asset allocation withinabove mentioned period, the matter would be escalated toInvestment Committee for further direction. The InvestmentCommittee shall record the reason in writing leading thereason for falling the exposure outside the asset allocationand the Committee shall review and as consider necessarymay further direct the manner for rebalancing the samewithin the range of the asset allocation as mentioned above/further course of action required in this regard. The fundsraised under the scheme shall be invested only intransferable securities as per Regulation 44(1), Schedule 7of the SEBI (Mutual Funds) Regulations, 1996.There can be no assurance that the investment objectiveof the scheme will be achieved.

Type of Scheme An open-ended Sector Fund. An open-ended Equity Scheme investing in Banking andFinancial Services sector.

17. SBI Magnum Balanced Fund


Name of Scheme SBI Magnum Balanced Fund SBI Equity Hybrid Fund

Type of Scheme An open-ended Balanced Scheme. An open-ended Hybrid Scheme investing predominantly inequity and equity related instruments.

InvestmentObjective

To provide investors long-term capital appreciation alongwith the liquidity of an open-ended scheme by investing ina mix of debt and equity. The scheme will invest in adiversified portfolio of equities of high growth companiesand balance the risk through investing the rest in a relativelysafe portfolio of debt.

To provide investors long-term capital appreciation alongwith the liquidity of an open-ended scheme by investing ina mix of debt and equity. The scheme will invest in adiversified portfolio of equities of high growth companiesand balance the risk through investing the rest in fixedincome securities.


NOTICE

Asset Allocation Instruments Indicative Allocation Risk(% of Total Net Assets) ProfileMinimum & Maximum

Equities Not less than 50% Mediumto High

Debt instruments Up to 40% Mediumlike Debenture, to Lowbonds etc.

Securitized Debt Not more than 10% Mediumof investments in to Highdebt instrument

Money Market Balance Lowinstruments*

Units issued by 0-10% MediumREITs & InvITs to High

*Money Market Instruments will include Commercial Paper,Commercial Bills, Certificates of Deposit, Treasury Bills,Bills Rediscounting, Repos, Government securities havingan unexpired maturity of less than 1 year, alternate to Callor notice money, Usance Bills and any other such short-term instruments as may be allowed under the regulationsprevailing from time to time.


However, the above investment pattern may be changedat the discretion of the Fund Manager in the interest of theinvestors provided such changes do not result in a changein the fundamental attributes/investment profile of thescheme and are short-term changes on defensiveconsideration.

The funds raised under the scheme shall be invested onlyin transferable securities as per Regulation 44(1), Schedule7 of the SEBI (Mutual Funds) Regulations, 1996.

Investment in equities would be through primary as well assecondary market, private placement, preferential/firmallotments etc. Debt instruments in which the schemeinvests shall be rated as not below investment grade by atleast one recognized credit rating agency authorized underthe SEBI Act, 1992. In case of short-term instruments,investments will be restricted to the instruments havingCRISIL rating of P-2 and above and/or ICRA rating of A-2and above or equivalent rating by other rating agencies. Incase a debt instrument is not rated, mutual funds mayconstitute committees who can approve such proposalsfor investments in unrated instruments subject to theapproval of the detailed parameters for such investmentsby the Board of Directors of AMC and Trustee Company.


Minimum Maximum

Equity and equity 65% 80% Highrelated instruments(including derivatives)


Debt instruments 20% 35% Low to(including securitized Mediumdebt) and moneymarket instruments






The scheme may invest in repo in corporate debt.

Debt instruments in which the scheme invests shall berated as not below investment grade (at the time ofinvestment) by at least one recognized credit rating agencyauthorized under the SEBI Act, 1992. In case a debtinstrument is not rated, mutual funds may constitutecommittees who can approve such proposals for subject tothe approval of the detailed parameters for suchinvestments by the Board of Directors of AMC and TrusteeCompany.





17. SBI Magnum Balanced Fund (contd.)


Benchmark 70% Crisil Liquid Fund Index + 30% Nifty 50 35% Nifty 50 Arbitrage Index + 35% Nifty 50 + 30% CRISILLiquid Fund Index.

The fund invests in 3 categories namely: Long Equity,Arbitrage and Debt, we believe a composite indexcomprising Nifty 50, Nifty 50 Arbitrage Index and CrisilLiquid Fund Index would be more representative of theunderlying portfolio.

18. SBI Nifty Index Fund


Type of scheme An open-ended Index Fund. An open-ended Scheme tracking Nifty 50 Index.


Stocks comprising the Not more than 100% MediumNifty 50 Index to High

Cash and call money* Not more than 10% Low

* Pursuant to RBI Guidelines, presently Mutual Funds arenot allowed to participate in Call Money.

The Scheme shall make investment in derivative aspermitted under the SEBI Regulations. Investment inderivatives will be upto 100% of the net assets.

The funds raised under the scheme shall be invested onlyin the stocks comprising the Nifty 50 Index and will be asper Regulation 44(1), Schedule 7 of the SEBI (Mutual Funds)Regulations, 1996.

There can be no assurance that the investment objectiveof the scheme will be realized. The Fund Manager maychurn the portfolio to the extent as considered necessaryto replicate the index.


Minimum Maximum

Stocks comprising 95% 100% Highthe Nifty 50 Index

Cash and Money 0% 5% LowMarket Instruments

The Scheme shall make investment in derivative aspermitted under the SEBI Regulations. Investment inderivatives will be upto 100% of the net assets. Thecumulative gross exposure through Equity and equity relatedinstruments including derivative position, debt, MoneyMarket Instruments will not exceed 100% of the net assetsof the scheme.


The funds raised under the scheme shall be invested onlyin the stocks comprising the Nifty 50 Index and will be asper Regulation 44(1), Schedule 7 of the SEBI (Mutual Funds)Regulations, 1996.

There can be no assurance that the investment objectiveof the scheme will be realized. The Fund Manager maychurn the portfolio to the extent as considered necessaryto replicate the index.

InvestmentStrategy

The scheme will adopt a passive investment strategy. Thescheme will invest in stocks comprising the Nifty 50 indexin the same proportion as in the index with the objective ofachieving returns equivalent to the Total Returns Index ofNifty 50 index by minimizing the performance differencebetween the benchmark index and the scheme. The TotalReturns Index is an index that reflects the returns on theindex from index gain/loss plus dividend payments by theconstituent stocks.

The scheme will primarily invest in the securities constitutingthe underlying index. However, due to changes in underlyingindex the scheme may temporarily hold securities whichare not part of the index. For example, the portfolio mayhold securities not included in the respective underlyingindex as result of certain changes in the underlying indexsuch as such as reconstitution, addition, deletion etc. Thefund manager’s endeavour would be to rebalance the portfolioin order to mirror the index; however, there may be a shortperiod where the constituents of the portfolio may differfrom that of the underlying index.

These investments which fall outside the underlying indexas mentioned above shall be rebalanced within a period of30 days.

19. SBI Equity Savings Fund


Asset Allocation

Type of Scheme An open-ended Equity Scheme. An open-ended Scheme investing in equity, arbitrage anddebt.

a) Asset allocation under normal circumstances: a) Under normal circumstances, the anticipated assetallocation would be:

The scheme will adopt a passive investment strategy. Thescheme will invest in stocks comprising the Nifty 50 indexin the same proportion as in the index with the objective ofachieving returns equivalent to the Total Returns Index ofNifty 50 index by minimizing the performance differencebetween the benchmark index and the scheme. The TotalReturns Index is an index that reflects the returns on theindex from index gain/loss plus dividend payments by theconstituent stocks.

Type of Instruments Indicative Allocation Risk(% of Net Assets) Profile

Equity and Equityrelated Instrumentsincluding derivativesOut of which:

i) Cash-future 65%-90% Mediumarbitrage: 15%-70%; to High

ii) Net long equityexposure: 20%-50%

Debt* and Money 10%-35% Low toMarketInstruments Medium(includingmargin forderivatives)

Units issued by 0%-10% MediumREITs &InvITs to High

b) Asset Allocation when adequate arbitrage opportunitiesare not available in the Derivative and Equity markets,

The alternate asset allocation# on defensive considerationswould be in as per the allocation given below:


Equity and Equityrelated Instrumentsincluding derivativesOut of which:-Cash-future arbitrage: 30%-70% Medium0% - 45% - Net long to Highequity exposure:20% - 50%

Debt* and Money 30%-70% Low toMarket Instruments Medium(including margin forderivatives)

Units issued by 0%-10% MediumREITs & InvITs to High

#The above alternate asset allocation will be for temporaryperiod and would be rebalanced by the AMC within 30 days.

a. The cumulative gross exposure through Equity andequity related instruments including derivative position,debt, Money Market Instruments will not exceed 100%of the net assets of the scheme.

b. *Exposure to domestic securitized debt may be to theextent of 20% of the net assets.

c. The Scheme shall not invest in ADR/GDR/ForeignSecurities/foreign securitized debt.

d. The Scheme shall invest in repo in corporate debt.

e. The Scheme shall not engage in Stock lending.

The Scheme shall not engage in short selling.


Minimum Maximum


i) Cash-future 65% 90% Mediumarbitrage: 15% - 70%; to High

ii) Net long equityexposure: 20% - 50%

Debt* and Money 10% 35% Low toMarket Instruments Medium(including margin forderivatives)

Units issued by REITs 0% 10% Medium& InvITs to High

Unhedged Equity: 20%-50%

b) Asset Allocation when adequate arbitrage opportunitiesare not available in the Derivative and Equity markets,

The alternate asset allocation# on defensive considerationswould be in as per the allocation given below:


Minimum Maximum


i) Cash-future 30% 70% Mediumarbitrage: 0% - 45%; to High

ii) Net long equityexposure: 20% - 50%

Debt* and Money 30% 70% Low toMarket Instruments Medium(including margin forderivatives)

Units issued by 0% 10% MediumREITs & InvITs to High

Unhedged Equity: 20%-50%

#The above alternate asset allocation will be for temporaryperiod and would be rebalanced by the AMC within 30 days.

a. The cumulative gross exposure through Equity and equityrelated instruments including derivative position, debt,Money Market Instruments will not exceed 100% of thenet assets of the scheme.

b. *Exposure to domestic securitized debt may be to theextent of 20% of thenet assets.

c. The Scheme shall not invest in ADR/GDR/ForeignSecurities/foreign securitized debt.

d. The Scheme shall invest in repo in corporate debt.

e. The Scheme shall not engage in Stock lending.

The Scheme shall not engage in short selling.

19. SBI Equity Savings Fund (Contd.)


InvestmentStrategy

The scheme will invest in a diversified portfolio of equitiesof high growth companies and balance the risk throughinvesting the rest in a relatively safe portfolio of debt.

The scheme will invest in a diversified portfolio of equitiesof high growth companies and balance the risk throughinvesting the rest in fixed income securities.

20. SBI Arbitrage Opportunities Fund


Type of scheme An open-ended Scheme. An open-ended Scheme investing in arbitrage opportunities.


Equities and equity 65%-85% Highrelated instruments

Derivatives including 65%-85% HighIndex Futures,Stock Futures,Index Options andStock Options

Debt instruments 15%-35% Mediumand Money Market to Lowinstruments** Not more than 10% MediumOf which of the investments to HighSecuritized Debt in debt instruments

1. The notional value exposure in derivatives would bereckoned for the purposes of the specified limit.

2. The margin money deployed on these positions wouldbe included in the money market category.

** Money Market Instruments will include Commercial Paper,Commercial Bills, Certificates of Deposit, Treasury Bills,Bills Rediscounting, Repos, Collateralised.

Borrowing & Lending Obligation (CBLO), Governmentsecurities having an unexpired maturity of less than 1year, Call or notice money, Usance Bills and any othersuch short-term instruments as may be allowed under theregulations prevailing from time to time.

The cumulative gross exposure through equity and equityrelated instruments (including derivatives), debt (includingMoney Market Instrument will not exceed 100% of the netassets of the scheme.

The Scheme shall invest in repo in corporate debt securities.

Under normal circumstances, the anticipated assetallocation would be:

Type of Instruments Indicative Asset IndicativeAllocation Asset

Minimum Maximum Allocation

Equities and equity 65% 85% Highrelated instruments

Derivatives including 65% 85% HighIndex Futures,Stock Futures,Index Options andStock Options

Debt instruments 15% 35% Mediumand Money Market to Lowinstruments**



3. Exposure to securitized debt will be not more than 10%of the net assets of the Scheme.

When adequate arbitrage opportunities are not available inthe Derivative and Equity markets, the anticipated alternateasset allocation on defensive considerations would be inaccordance with the allocation given below. However, incase no arbitrage opportunity is available, then 100% ofthe remaining investible corpus (to the extent not deployedin arbitrage opportunities in the asset allocation patternmentioned above) will be deployed in short-term debt andmoney market instruments with tenure not exceeding 91days (including investments in securitized debt).

In this scenario also, the allocation in Equities and equityrelated instruments, Derivatives including index futures,stock futures, index options,and stock options, etc willcontinue to be made in arbitrage opportunities only.

Type of Instrument Indicative Asset IndicativeAllocation Asset

Minimum Maximum Allocation

Equities and equity 0% 65% Highrelated instruments

Derivatives including 0% 65% HighIndex Futures,Stock Futures,Index Options andStockOptions

Debt and Money 0% 100% Mediummarket instruments** to Low



3. Exposure to securitized debt will be not more than 10%of the net assets of the Scheme.

** Money Market Instruments will include Commercial Paper,Commercial Bills, Certificates of Deposit, Treasury Bills,Bills Rediscounting, Repos, Collateralised Borrowing &Lending Obligation (CBLO), Government securities havingan unexpired maturity of less than 1 year, Call or noticemoney, Usance Bills andany other such short-terminstruments as may be allowed under the regulationsprevailing from time to time.

The cumulative gross exposure through equity and equityrelated instruments (including derivatives), debt (includingMoney Market Instrument) will not exceed 100% of the netassets of the scheme.

The Scheme shall invest in repo in corporate debt securities.

Benchmark CRISIL Liquid Fund Index Nifty 50 Arbitrage Index.

Asset Allocation


NOTICE

21. SBI Magnum InstaCash Fund - Liquid Floater


Name of scheme SBI Magnum InstaCash Fund - Liquid Floater SBI Overnight Fund

Type of Instruments Normal Allocation Risk(% of Net Assets) Profile

Debt instruments Upto 100% Low to(including Debt Mediumderivatives) andMoney Marketinstruments (includingcash/CBLO/Repoand equivalent) witha residual maturityin line with SEBIregulation

Securitized Debt Up to 20% Mediumto High

The scheme will invest in floating rate securities and moneymarket instruments would constitute atleast 65% of thetotal investments.

The investments may be made in primary as well assecondary markets. The portfolio will be sufficientlydiversified so as to reduce the risk of underperformancedue to unexpected scrip specific factors. If allowed infuture, the fund may invest in foreign debt (subject torelevant RBI guidelines and subject to SEBI and RBIapproval). Any investment in Government securities maybe in securities supported by ability to borrow from theTreasury, or sovereign or state government guarantee, orsupported by the Government of India/a State Governmentin any other manner.

The Scheme is classified as liquid scheme and in accordancewith SEBI Circular SEBI/IMD/CIR NO. 13/150975/09 datedJanuary 19, 2009, the Scheme shall make investment in/purchase debt and money market securities with maturityof upto 91 days only.

Instruments Asset Allocation RiskMinimum Maximum Profile

Overnight securities or 0% 100% Lowinstruments maturingin the next businessday (including CBLO,Reverse Repo andequivalent)

The Scheme may invest in Repo in Corporate Debt aspermitted by SEBI.



Above rebalancing will be subject to market conditions andin the interest of the investors. If the fund manager for anyreason is not able to rebalance the asset allocation withinabove mentioned period, the matter would be escalated toInvestment Committee for further direction. The InvestmentCommittee shall record the reason in writing leading thereason for falling the exposure outside the asset allocationand the Committee shall review and as consider necessarymay further direct the manner for rebalancing the samewithin the range of the asset allocation as mentioned above.The funds raised under the scheme shall be invested onlyin transferable securities as per Regulation 44(1), Schedule7 of the SEBI (Mutual Funds) Regulations, 1996.


InvestmentStrategy

Fund will invest their entire corpus in debt (Corporatedebentures & bonds, PSU/FI/Govt. guaranteed bonds),Govt. securities, and money market instruments(commercial paper, certificates of deposit, T-bills, billsrediscounting, repos, short-term bank deposits etc.). Fundwill try to mitigate interest rate risk and generate opportunitiesfor regular income through a portfolio investingpredominantly in floating rate securities and money marketinstruments. The scheme would invest in debt instrumentshaving a residual maturity not exceeding 91 days.Investments under the fund in floating rate securities andmoney market instruments would constitute at least 65%of the total investments.

The Fund will invest in overnight securities to generatereturns corresponding to the overnight rates in the moneymarkets.

Type of Scheme An open-ended Liquid Fund. An open-ended Debt Scheme investing in overnight securities.

InvestmentObjective

To mitigate interest rate risk and generate opportunities forregular income through a portfolio investing predominantlyin floating rate securities and money market instruments.

To provide the investors an opportunity to invest in overnightsecurities maturing on the next business day.

Asset Allocation

22. SBI Magnum InstaCash Fund


Name of scheme SBI Magnum InstaCash Fund SBI Magnum Ultra Short Duration Fund


Debt instruments Upto 100% Low to(including Debt Mediumderivatives) andMoney Marketinstruments (includingcash/CBLO/Repo andequivalent) with aresidual maturityin line with SEBIregulation



The Scheme is classified as liquid scheme and in accordancewith SEBI Circular SEBI/IMD/CIR NO. 13/150975/09 datedJanuary 19, 2009, the Scheme shall make investment in/purchase debt and money market securities with maturityof upto 91 days only.


Asset Allocation RiskInstruments Minimum Maximum Profile

Debt instruments 0% 100% Low to(including Central and mediumState Government(s)securities, Debtderivatives) and MoneyMarket instruments

The Scheme may invest in ADR/GDR/foreign securitiesupto 25% of the net assets of the scheme.The Scheme may invest in securitized debt upto 20% ofthe net assets of the scheme.The Scheme may invest in Repo in Corporate Debt aspermitted by SEBI.As per SEBI circular SEBI/HO/IMD/DF2/CIR/P/2017/109dated September 27, 2017, the Scheme may indulge in‘Imperfect hedging’ using IRFs upto maximum of 20% ofthe net assets of the scheme.The scheme may invest in Mutual Fund units.Debt instruments in which the scheme invests shall be ratedas not below investment grade by at least one recognizedcredit rating agency authorized under the SEBI Act, 1992. Incase a debt instrument is not rated, mutual funds mayconstitute committees who can approve such proposals forinvestments in unrated instruments subject to the approvalof the detailed parameters for such investments by theBoard of Directors and the Board of Trustees.The proportion of the scheme portfolio invested in eachtype of security will vary in accordance with economicconditions, interest rates, liquidity and other relevantconsiderations, including the risks associated with eachinvestment. Performance of the scheme will depend on theAsset Management Company’s ability to assess accuratelyand react to changing market conditions.The above investment pattern is indicative and may bechanged by the Fund Manager for a short-term period ondefensive considerations, keeping in view marketconditions, market opportunities, applicable SEBI (MutualFunds) Regulations 1996, legislative amendments and otherpolitical and economic factors, the intention being at alltimes to seek to protect the interests of the Unit Holders.If the exposure falls outside the above mentioned assetallocation pattern, the portfolio to be rebalanced by AMCwithin 30 days from the date of said deviation.Above rebalancing will be subject to market conditions andin the interest of the investors. If the fund manager for anyreason is not able to rebalance the asset allocation withinabove mentioned period, the matter would be escalated toInvestment Committee for further direction. The InvestmentCommittee shall record the reason in writing leading thereason for falling the exposure outside the asset allocationand the Committee shall review and as consider necessarymay further direct the manner for rebalancing the samewithin the range of the asset allocation as mentioned above.The funds raised under the scheme shall be invested onlyin transferable securities as per Regulation 44(1), Schedule7 of the SEBI (Mutual Funds) Regulations, 1996.There can be no assurance that the investment objectiveof the scheme will be achieved.

Type of Scheme An open-ended Liquid Scheme. An open-ended ultra-short-term Debt Scheme investing ininstruments such that the Macaulay Duration of the portfoliois between 3 months to 6 months.

InvestmentObjective

To provide the investors an investment opportunity to earnreturns through investment in debt & money marketsecurities, while having the benefit of very high degree ofliquidity.

To provide investors with an opportunity to generate regularincome with high degree of liquidity through investments ina portfolio comprising predominantly of debt and moneymarket instruments.

Asset Allocation

InvestmentStrategy

This is a liquid category scheme. The investment strategywould be oriented towards providing high degree of liquiditywhile seeking to maintain stable returns. The scheme wouldinvest in debt and money market instruments having aresidual maturity not exceeding 91 days.

An open-ended ultra-short duration debt scheme investing ininstruments such that the Macaulay durationof Portfolio isbetween 3 months and 6 months. The scheme will invest itscorpus in the entire range of debt and money marketsecurities in line with the investment objective to provideattractive risk-adjusted returns to its investors through activemanagement of credit risk and interest rate risk in its portfolio.

23. SBI Ultra Short Term Debt Fund


Name of scheme SBI Ultra Short Term Debt Fund SBI Magnum Low Duration Fund


Money market 65-100 % Low toinstruments (including Mediumcash/CBLO/Repo andequivalent) and debtsecurities withmaturity/residualmaturity up to oneyear including debtderivatives

Debt securities with 0-35 % Low tomaturity/residual Mediummaturity more thanone year includingdebt derivatives


Money Market Instruments will include Commercial Paper,Commercial Bills, Certificates of Deposit, Treasury Bills,Bills Rediscounting, Repos, Government securities havingan unexpired maturity of less than 1 year, Call or noticemoney, Usance Bills and any other such short-terminstruments as may be allowed under the regulationsprevailing from time to time.


Debt instruments 0% 100% Low to(including Central and MediumState Government(s)securities, Debtderivatives), andMoney Marketinstruments

The Scheme may invest in ADR/GDR/Foreign securitiesupto 25% of the net assets of the scheme.


The Scheme may invest in securitized debt upto 30% ofthe net assets of the scheme.

As per SEBI circular SEBI/HO/IMD/DF2/CIR/P/2017/109dated September 27, 2017, the Scheme may indulge in‘Imperfect hedging’ using IRFs upto maximum of 20% ofthe net assets of the scheme.

The scheme may invest in Mutual Fund units as permissible.

Debt instruments in which the scheme invests shall berated as not below investment grade by at least onerecognized credit rating agency authorized under the SEBIAct, 1992. In case a debt instrument is not rated, mutualfunds may constitute committees who can approve suchproposals for investments in unrated instruments subjectto the approval of the detailed parameters for suchinvestments by the Board of Directors and the Board ofTrustees.




Type of Scheme An open-ended Income Scheme. An open-ended low duration Debt Scheme investing in debtinstruments such that the Macaulay duration of the portfoliois between 6 months and 12 months.

InvestmentObjective

To provide investors with an opportunity to generate regularincome with high degree of liquidity through investments ina portfolio comprising predominantly of money marketinstruments with maturity/residual maturity up to one yearand debt instruments which are rated not below investmentgrade by a credit rating agency.

To provide investors an opportunity to generate regularincome with reasonable degree of liquidity throughinvestments in debt and money market instruments insuch a manner that the Macaulay duration of the portfoliois between 6 months and 12 months.

Asset Allocation

InvestmentStrategy

• Higher proportion of investment in Money MarketInstruments.

• Average maturity not to exceed 2 years. In normalmarket conditions it is expected to be maintained between3 months and 9 months.

• Endeavour to minimize interest rate risk and credit risk.

• Ideally suited for investors with an investment horizonof more than 1 month up to 6 months.

The scheme will not be categorized as Liquid Fund.

The scheme will invest its corpus in the entire range of debtand money market securities in line with the investmentobjective to provide attractive risk-adjusted returns to itsinvestors through active management of credit risk andinterest rate risk in its portfolio.

24. SBI Savings Fund


Instruments Indicative Allocation Risk(% of Total Assets) Profile

Minimum Maximum

Floating rate debt, 65 100 Mediummoney market andderivativesinstruments

Fixed rate debt, 0 35 Low tomoney market and Mediumderivativesinstruments

Fixed/Floating rate Money market instruments will includeCommercial Paper, Commercial Bills, Certificates ofDeposit, Treasury Bills, Bills Rediscounting, Repos,Government securities having an unexpired maturity ofless than 1 year, alternate to Call or notice money, UsanceBills and any other such short-term instruments as may beallowed under the Regulations. The Plan may also in investin short-term deposits of scheduled commercial banks aspermitted under the Regulations.

Fixed/Floating rate debt instruments will include CorporateDebenture and Bonds/PSU, FI, Government guaranteedBonds, Government Securities including Securitized Debtand International Bonds. Investments in Securitized Debtwill not exceed 30% of the investment in Floating rate/fixedrate instruments while investments in International Bondswill be within the SEBI stipulated limits.

In the absence of Floating Rate securities, the Fund Managermay swap fixed rate returns for floating rate returns throughderivatives like Interest Rate Swap/Forward Ratearrangements as permitted under Regulations.

Investment in Corporate Bonds and Debentures in theScheme will be in securities with maturities not exceeding 3years. This Scheme will be ideal for investors with a short-term investment horizon of not more than 1 year.

The investments may be made in primary as well assecondary markets. The portfolio will be sufficientlydiversified so as to reduce the risk of underperformancedue to unexpected security specific factors. If allowed infuture, the fund may invest in foreign debt (subject torelevant RBI guidelines and subject to RBI approval).Any investment in Government securities may be insecurities supported by ability to borrow from the Treasury,or sovereign or state government guarantee, or supportedby the Government of India/a State Government in anyother manner.


Money market 0% 100% Lowinstruments includingCPs, CDs,Commercial Bills,T-Bills, Governmentsecurities having anunexpired maturityup to one year, callor notice money,Usance bills, andNon-ConvertibleDebentures (NCDs)of original or initialmaturity up to one year.

The Scheme may invest in debt derivatives upto 100% ofthe net assets of the scheme.



The scheme may invest in eligible foreign securities up to25% of the net assets of the scheme.

The scheme may invest in Mutual Fund units as permissible


Money Market instruments in which the scheme investsshall be rated as not below investment grade by at leastone recognized credit rating agency authorized under theSEBI Act, 1992. In case a Money Market instrument is notrated, mutual funds may constitute committees who canapprove such proposals for investments in unratedinstruments subject to the approval of the detailedparameters for such investments by the Board of Directorsand the Board of Trustees.

The proportion of the scheme portfolio invested in eachtype of security will vary in accordance with economicconditions, interest rates, liquidity and other relevantconsiderations, including the risks associated with eachinvestment. Performance of the scheme will depend on theAsset Management Company’s ability to assessaccuratelyand react to changing market conditions.

Type of Scheme An open-ended Debt Fund. An open-ended Debt Scheme investing in money marketinstruments.

InvestmentObjective

To endeavour to mitigate interest rate risk and seek togenerate regular income alongwith opportunities for capitalappreciation through a portfolio investing in Floating ratedebt securities, Fixed rate securities, derivative instrumentsas well as in Money Market instruments.

However there is no guarantee or assurance that theinvestment objective of the scheme will be achieved. Thescheme doesn’t assure or guarantee any returns.

To provide the investors an opportunity to invest in moneymarket instruments.

Asset Allocation


NOTICE

24. SBI Savings Fund (contd.)


The Scheme being open-ended, some portion of the portfoliowill be invested in highly liquid money market instrumentsor government paper so as to meet the normal repurchaserequirements. The remaining investments will be made insecurities which are either expected to be reasonably liquidor of varying maturities. However, the NAV of the Schememay be impacted if the securities invested in are renderedilliquid after investment. Please refer to the paragraph “Rightto Limit Redemptions” in the SID.

Debt instruments in which the scheme invests shall berated as not below investment grade by at least onerecognized credit rating agency authorized under the SEBIAct, 1992. In case of short-term instruments, investmentswill be restricted to the instruments having CRISIL rating ofP-2 and above and/or ICRA rating of A-2 and above orequivalent rating by other rating agencies. In case a debtinstrument is not rated, mutual funds may constitutecommittees who can approve such proposals forinvestments in unrated instruments subject to the approvalof the detailed parameters for such investments by theBoard of Directors and the Board of Trustees.

However, the above investment pattern may be changedat the discretion of the Fund Manager in the interest ofthe investors provided such changes do not result in achange in the fundamental attributes/investment profileof the scheme and are short-term changes on defensiveconsideration. The funds raised under the scheme shallbe invested only in transferable securities as perRegulation 44(1), Schedule 7 of the SEBI (Mutual Funds)Regulations, 1996.




InvestmentStrategy

In the absence of Floating Rate securities, the Fund Managermay swap fixed rate returns for floating rate returns throughderivatives like Interest Rate Swap/Forward Ratearrangements as permitted under Regulations.

Investment in Corporate Bonds and Debentures will be insecurities with maturities not exceeding 3 years. This Planwill be ideal for investors with a short-term investmenthorizon of not more than 1 year.

The investments may be made in primary as well assecondary markets. The portfolio will be sufficientlydiversified so as to reduce the risk of underperformancedue to unexpected security specific factors. If allowed infuture, the fund may invest in foreign debt (subject torelevant RBI guidelines and subject to RBI approval).Any investment in Government securities may be insecurities supported by ability to borrow from the Treasury,or sovereign or state government guarantee, or supportedby the Government of India/a State Government in anyother manner.

The Scheme being open-ended, some portion of the portfoliowill be invested in highly liquid money market instrumentsor government paper so as to meet the normal repurchaserequirements. The remaining investments will be made insecurities which are either expected to be reasonably liquidor of varying maturities. However, the NAV of the Schememay be impacted if the securities invested in are renderedilliquid after investment. Please refer to the paragraph“Right to Limit Redemptions” in the section “Redemptionsand Repurchase”. Please refer to the section “NAV andValuation of Assets of the Scheme”.

Debt instruments in which the scheme invests shall berated as not below investment grade by at least onerecognized credit rating agency authorized under the SEBIAct, 1992. In case of short-term instruments, investmentswill be restricted to the instruments having CRISIL rating ofP-2 and above and/or ICRA rating of A-2 and above orequivalent rating by other rating agencies. In case a debtinstrument is not rated, mutual funds may constitutecommittees who can approve such proposals forinvestments in unrated instruments subject to the approvalof the detailed parameters for such investments by theBoard of Directors and the Board of Trustees.

However, the above investment pattern may be changedat the discretion of the Fund Manager in the interest ofthe investors provided such changes do not result in achange in the fundamental attributes/investment profileof the scheme and are short-term changes on defensiveconsideration. The funds raised under the scheme shallbe invested only in transferable securities as perRegulation 44(1), Schedule 7 of the SEBI (Mutual Funds)Regulations, 1996.

An open-ended debt scheme investing in money marketinstruments as defined by SEBI/RBI from time to time.The investment strategy would be towards generating stablereturns through a portfolio of Money Market instrumentsseeking to capture the term and credit spreads.

25. SBI Short Term Debt Fund



Debt Securities 65-100 Low toincluding Money Mediummarket Instruments& debt derivatives

Securitized Debt 0-35 Medium

The above asset allocation pattern, including the averagematurity for fund is only indicative and may be changedby the Fund Manager in the interest of the unit holders butwill be short-term changes on defensive considerationsand will not result in a change in fundamental attributes.


Debt instruments 65% 100% Low to(including Central and mediumState Government(s)securities, debtderivatives) andMoney Marketinstruments

Securitized Debt 0% 35% Mediumto High



The Scheme may invest in Mutual Fund units as permissible.


Debt instruments in which the scheme invests shall berated as not below investment grade by at least onerecognized credit rating agency authorized under the SEBIAct, 1992. In case a debt instrument is not rated, mutualfund may constitute committees who can approve suchproposals for investments in unrated instruments subjectto the approval of the detailed parameters for suchinvestments by the Board of Directors and the Board ofTrustees.


The above investment pattern is indicative and may bechanged by the Fund Manager for a short-term period ondefensive considerations, keeping in view marketconditions, market opportunities, applicable SEBI (MutualFunds) Regulations 1996, legislative amendments and otherpolitical and economic factors, the intention being at alltimes to seek to protect the interests of the Unit Holders.If the exposure falls outside the abovementioned assetallocation pattern, the portfolio to be rebalanced by AMCwithin 30 days from the date of said deviation.

Type of Scheme An open-ended Income Scheme. An open-ended short term Debt Scheme investing ininstruments such that the Macaulay Duration of the portfoliois between 1 year and 3 years.

InvestmentObjective

To provide investors with an opportunity to generate regularincome through investments in a portfolio comprising ofdebt instruments which are rated not below investmentgrade by a credit rating agency and money marketinstruments.

To provide investors an opportunity to generate regularincome through investments in a portfolio comprisingpredominantly of debt instruments which are rated notbelow investment grade and money market instrumentssuch that the Macaulay duration of the portfolio is between1 year and 3 years.

Asset Allocation

25. SBI Short Term Debt Fund (Contd.)




InvestmentStrategy

• Higher proportion of investments in mark to marketinstruments.

• Average maturity not to exceed 3 years.

• Ideally suited for investors with an investment horizonof more than 6 months up to 18 months.

The scheme will not be categorized as Liquid Fund.

The proportion of each of the Fund portfolio invested ineach type of security will vary in accordance with economicconditions, interest rates, liquidity and other relevantconsiderations, including the risks associated with eachinvestment. Performance of the scheme will depend on theAsset Management Company’s ability to assess accuratelyand react to changing market conditions. Individual Fundsmay also enter into repurchase and reverse repurchaseobligation in securities held by it as per the guidelines andregulations applicable for such transactions.

The above investment pattern is indicative and may bechanged by the Fund Manager for a short-term period ondefensive considerations, keeping in view marketconditions, market opportunities, applicable SEBI (MF)Regulations 1996, legislative amendments and otherpolitical and economic factors, the intention being at alltimes to seek to protect the interests of the Magnum/UnitHolders. Review and rebalancing of the portfolio will bedone when the asset allocation falls outside the rangegiven above. If the exposure falls outside the abovementioned asset allocation pattern, it will endeavour torestore within one month. The funds raised under thescheme(s) shall be invested only in transferable securitiesas per Regulation 44(1), Schedule 7 of the SEBI (MutualFunds) Regulations, 1996.

The Mutual Fund reserves the right to suitably alter thefrequency of the dividend payments under the variousFunds introduced under various Series depending on theperformance and any change in the tax laws.

There can be no assurance that the investment objectiveof the scheme will be realized. However, the scheme willlargely invest in bonds of reputed and sound companiesand Government Securities in accordance with theinvestment pattern stated above. The scheme will alsoreview these investments from time to time and the FundManager may churn the portfolio to the extent as consideredbeneficial to the investors.

The scheme will invest based on a continuous evaluationof macro-economic factors, market dynamics and debt-issuer specific factors. The scheme will invest its corpus inthe entire range of debt and money market securities in linewith the investment objective to provide attractive risk-adjusted returns to its investors through active managementof credit risk and interest rate risk in its portfolio.

26. SBI Regular Savings Fund


Type of Instruments (% of Riskportfolio) Profile

Corporate Debenture Up to 100% Low toand Bonds/PSU, FI, MediumGovernment guaranteedBonds, GovernmentSecurities includingSecuritized Debt andInternational Bonds

Of which Securitized Not more than MediumDebt 10% of the to High

investments indebt instruments

Of which International Within SEBI MediumBonds stipulated limits to High

Equity and Equity Upto 20%* Highrelated instrument

Derivatives Within approved Mediuminstrument limits to High

Cash and call and Upto 25% LowMoney Marketinstrument @

*Only such stocks that comprise the S&P BSE 100 indexwill be considered for investment under this Plan.

@ Money Market Instruments will include Commercial Paper,Commercial Bills, Certificates of Deposit, Treasury Bills,Bills Rediscounting, Repos, Government securities havingan unexpired maturity of less than 1 year, alternate to Callor notice money, Usance Bills and any other such short-term instruments as may be allowed under the regulationsprevailing from time to time.

@ Pursuant to RBI Guidelines, presently Mutual Funds arenot allowed to participate in Call Money.

Investments in Cash and Money Market instruments maybe increased beyond the limit indicated above at thediscretion of the Fund Manager on temporary defensiveconsiderations and in the interest of the Magnum holders/Unit holders. The Plans under the scheme may under normalcircumstances have investments in a combination ofCorporate Debenture and Bonds/PSU, FI, Governmentguaranteed Bonds, Government Securities includingSecuritized Debt and International Bonds although the mixand the portfolio maturities would to a large extent dependon market conditions. The purpose of investment inGovernment Securities would primarily be for durationmanagement and to take advantage of any tradingopportunities that may arise on account of interest ratemovements while investments in Corporate Bonds andDebentures would primarily be to build a core portfolio forgenerating income on the portfolio.

The investments will be made in primary as well assecondary markets. The portfolio will be sufficientlydiversified so as to reduce the risk of underperformancedue to unexpected security specific factors. The proportionof the scheme portfolio invested in each type of securitywill vary in accordance with economic conditions, interestrates, liquidity and other relevant considerations, includingthe risks associated with each investment. The schemebeing open-ended, some portion of the portfolio will beinvested in highly liquid money market instruments orGovernment Papers so as to meet normal repurchaserequirements. The remaining investments will be made in


Debt instruments 0% 100% Low to(including Central and MediumState Governmentsecurities, debtderivatives) andMoney Marketinstruments

Units issued by 0% 10% MediumREITs and InVITs^ to High





The Scheme shall invest in securitized debt upto 20% ofthe net assets of the scheme.



In the event of anticipated adverse market conditions andwith the view to protect the interest of the investors, thefund manager may reduce the portfolio Macaulay Durationto one year according to his view on the interest ratemovements. In such an event, the AMC shall be requiredto record the reasons for the same with adequatejustification and maintain the same for inspection. Thewritten justifications shall be placed before the Trustees inthe subsequent Trustee meeting. Further, the Trustees shallalso review the portfolio and report the same in their HalfYearly Trustee Report to SEBI.



The above investment pattern is indicative and may bechanged by the Fund Manager for a short-term period ondefensive considerations, keeping in view marketconditions, market opportunities, applicable SEBI (MutualFunds) Regulations 1996, legislative amendments and otherpolitical and economic factors, the intention being at alltimes to seek to protect the interests of the Unit Holders.If the exposure falls outside the above-mentioned asset

Type of Scheme An open-ended Income Scheme. An open-ended medium term Debt Scheme investing ininstruments such that the Macaulay Duration of the portfoliois between 3 years and 4 years.

InvestmentObjective

To provide attractive returns to the Magnum holders/Unitholders either through periodic dividends or through capitalappreciation through an actively managed portfolio of debt,equity and money market instruments.

However, there is no guarantee or assurance that theinvestment objective of the scheme will be achieved. Thescheme doesn’t assure or guarantee any returns.

To provide investors an opportunity to generate attractivereturns with moderate degree of liquidity throughinvestments in debt and money market instruments suchthat the Macaulay duration of the portfolio is between 3years - 4 years.


Asset Allocation

Name of theScheme

SBI Regular Savings Fund SBI Magnum Medium Duration Fund

BenchmarkIndex

CRISIL MIP Blended Fund Index CRISIL AA Medium Term index


NOTICE

26. SBI Regular Savings Fund (contd.)


securities, which are either expected to be reasonably liquid,or of varying maturities. However, the NAV of the schememay be impacted if the securities invested in are renderedilliquid after investment.

Debt instruments in which the scheme invests shall berated as not below investment grade by atleast onerecognized credit rating agency authorized under the SEBIAct, 1992. In case of short-term instruments, investmentswill be restricted to the instruments having CRISIL rating ofP-2 and above and/or ICRA rating of A-2 and above orequivalent rating by other rating agencies. In case a debtinstrument is not rated, mutual funds may constitutecommittees who can approve such proposals forinvestments in unrated instruments subject to the approvalof the detailed parameters for such investments by theBoard of Directors and Board of Trustees.

The investment in ADRs/GDRs/Foreign Securities by theMutual Fund shall be within overall all limit of US $ 7 billionwith a sub - ceiling for individual mutual funds, subject to amaximum of US $ 300 million per mutual fund as allowedunder SEBI Circular dated September 26, 2007. Further theAMC shall comply with all guidelines issued by SEBI fromtime to time.

Performance will depend on the Asset ManagementCompany’s ability to assess accurately and react tochanging market conditions. The scheme may also enterinto repurchase and reverse repurchase obligation in allsecurities held by it as per the guidelines and regulationsapplicable for such transactions. Any investment inGovernment securities may be in securities supported byability to borrow from the Treasury, or sovereign or stategovernment guarantee, or supported by the Governmentof India/a State Government in any other manner. Further,the scheme may participate in securities lending, invest inforeign securities, trade in derivatives as permitted underSEBI (MF) Regulations, 1996.

The above investment pattern is indicative and may bechanged by the Fund Manager from time to time, keepingin view market conditions, market opportunities, applicableregulations, legislative amendments and other political andeconomic factors. It must be clearly understood that thepercentages stated above are only indicative and notabsolute and that they can vary substantially dependingupon the perception of the AMC, the intention being at alltimes to seek to protect the interests of the Magnum holders/Unit holders. The funds raised under the scheme shall beinvested only in transferable securities as per Regulation44(1), Schedule 7 of the SEBI (Mutual Funds) Regulations,1996 as amended from time to time.

There can be no assurance that the investment objectiveof the scheme will be realized. However, the scheme willlargely invest in Corporate Papers of reputed and soundcompanies, Government Securities, Money Marketinstruments and also in the stocks of similar companies inaccordance with the investment pattern stated above. Thescheme will also review these investments from time totime and the Fund Manager may churn the portfolio to theextent as considered beneficial to the investors.

allocation pattern, the portfolio to be rebalanced by AMCwithin 30 days from the date of said deviation.

Above rebalancing will be subject to market conditions andin the interest of the investors. If the fund manager forany reason is not able to rebalance the asset allocationwithin above mentioned period, the matter would be escalatedto Investment Committee for further direction. TheInvestment Committee shall record the reason in writingleading the reason for falling the exposure outside theasset allocation and the Committee shall review and asconsider necessary may further direct the manner forrebalancing the same within the range of the asset allocationas mentioned above. The funds raised under the schemeshall be invested only in transferable securities as perRegulation 44(1), Schedule 7 of the SEBI (Mutual Funds)Regulations, 1996.


InvestmentStrategy

SBI Regular Savings Fund will be investing at least 80% ofits corpus in investment grade Debt instruments and Moneymarket instruments and the balance will be invested inequity and equity related instruments. The stocks will beselected from the S&P BSE 100 index only.

The scheme will invest its corpus in the entire range of debtand money market securities in line with the investmentobjective to provide attractive risk-adjusted returns to itsinvestors through active management of credit risk andinterest rate risk in its portfolio.

27. SBI Magnum Income Fund


Type of Instruments % of RiskCorpus Profile

Corporate debentures Upto 90% Low to& Bonds/PSU/FI/ MediumGovt. GuaranteedBonds/Other includingSecuritized Debt

Securitized Debt Not more than 10% Mediumof the investment to High

in debt

Government Securities Upto 90% Low

Cash & Call Money^ Upto 25% Low

Money Market Upto 25% Lowinstrument*

Units of other Upto 5% LowMutual Fund

^Pursuant to RBI Guidelines, presently Mutual Funds arenot allowed to participate in Call Money.




Debt instruments 0% 100% Low to(including Central and MediumState Governmentsecurities, debtderivatives) andMoney Marketinstruments






The Scheme may invest in debt derivatives upto 75% ofthe net assets of the scheme. The cumulative grossexposure through Debt & Money market instruments andderivative positions will not exceed 100% of the net assetsof the scheme.



In the event of anticipated adverse market conditions andwith the view to protect the interest of the investors, thefund manager may reduce the portfolio Macaulay Durationto one year according to his view on the interest ratemovements. In such an event, the AMC shall be requiredto record the reasons for the same with adequatejustification and maintain the same for inspection. Thewritten justifications shall be placed before the Trustees inthe subsequent Trustee meeting. Further, the Trustees shallalso review the portfolio and report the same in their HalfYearly Trustee Report to SEBI.



The above investment pattern is indicative and may bechanged by the Fund Manager for a short-term period ondefensive considerations, keeping in view marketconditions, market opportunities, applicable SEBI (MutualFunds) Regulations 1996, legislative amendments and otherpolitical and economic factors, the intention being at alltimes to seek to protect the interests of the Unit Holders.

Type of Scheme An open-ended Debt Scheme. An open-ended medium to long-term Debt Scheme investingin instruments such that the Macaulay Duration of theportfolio is between 4 years to 7 years.

InvestmentObjective

To provide the investors an opportunity to earn, in accordancewith their requirements, through capital gains or throughregular dividends, returns that would be higher than thereturns offered by comparable investment avenues throughinvestment in debt & money market securities.

To provide investors an opportunity to generate regularincome through investments in debt and money marketinstruments such that the Macaulay duration of the portfoliois between 4 years and 7 years.


Asset Allocation

27. SBI Magnum Income Fund (contd.)


If the exposure falls outside the above-mentioned assetallocation pattern, the portfolio to be rebalanced by AMCwithin 30 days from the date of said deviation.



InvestmentStrategy

The objective of the scheme is to provide the investors anopportunity to earn, in accordance with their requirements,through capital gains or through regular dividends, returnsthat would be higher than the returns offered by comparableinvestment avenues through investment in debt & moneymarket securities. Accordingly, based on a continuousevaluation of macro-economic factors, market dynamicsand debt-issuer specific factors, investments are carriedout under this scheme.

The scheme will invest based on a continuous evaluationof macro-economic factors, market dynamics and debt-issuer specific factors. The scheme will invest its corpus inthe entire range of debt and money market securities in linewith the investment objective to provide attractive risk-adjusted returns to its investors through active managementof credit risk and interest rate risk in its portfolio.

28. SBI Dynamic Bond Fund


Instruments As % of Net Assets RiskMinimum-Maximum Profile

Debt Instruments* 0-100% Mediumincluding GovernmentSecurities andCorporate Debt

Money Market 0-100% LowInstruments

* Debt Instruments may include securitized debt up to 40%of the net assets.

The investments will be made in primary as well assecondary markets. The portfolio will be sufficientlydiversified so as to reduce the risk of underperformancedue to unexpected security specific factors. The proportionof the scheme portfolio invested in each type of securitywill vary in accordance with economic conditions, interestrates, liquidity and other relevant considerations, includingthe risks associated with each investment. The schemebeing open-ended, some portion of the portfolio will beinvested in highly liquid money market instruments orGovernment Papers so as to meet normal repurchaserequirements. The remaining investments will be made insecurities, which are either expected to be reasonably liquid,or of varying maturities. However, the NAV of the schememay be impacted if the securities invested in are renderedilliquid after investment.

Performance will depend on the Asset ManagementCompany’s ability to assess accurately and react tochanging market conditions. The scheme may also enterinto repurchase and reverse repurchase obligation in allsecurities held by it as per the guidelines and regulationsapplicable for such transactions. Any investment inGovernment securities may be in securities supported byability to borrow from the Treasury, or sovereign or stategovernment guarantee, or supported by the Governmentof India/a State Government in any other manner.

The above investment pattern is indicative and may bechanged by the Fund Manager from time to time, keepingin view market conditions, market opportunities, applicableregulations, legislative amendments and other political andeconomic factors. It must be clearly understood that thepercentages stated above are only indicative and notabsolute and that they can vary substantially dependingupon the perception of the AMC, the intention being at alltimes to seek to protect the interests of the Magnum/UnitHolders. The funds raised under the scheme shall beinvested only in transferable securities as per Regulation44(1), Schedule 7 of the SEBI (Mutual Funds) Regulations,1996 as amended from time to time.



Debt Instruments 0% 100% Low to(including Central and MediumState Governmentsecurities, debtderivatives)

Money Market 0% 100% Low toInstruments Medium












Type of Scheme An open-ended Income Scheme. An open-ended Dynamic Debt Scheme investing acrossduration.

InvestmentObjective

To actively manage a portfolio of good quality debt as wellas Money Market Instruments so as to provide reasonablereturns and liquidity to the Unit holders. However there isno guarantee or assurance that the investment objectiveof the scheme will be achieved. The scheme doesn’t assureor guarantee any returns.

To provide investors attractive returns through investmentin an actively managed portfolio of high quality debtsecurities of varying maturities.

Asset Allocation

InvestmentStrategy

The investment strategy of the Scheme would be to allocatefund corpus across debt and money market instruments ofvarious maturities on the basis of the expected interestrate scenario. Since the interest rates can be volatile attimes, the fund will always endeavor to invest in highlyliquid debt and money market instruments.

The fund will follow an active duration management strategyas a result of which the portfolio turnover could be high.

The investment strategy of the Scheme would be to allocatefund corpus across debt securities including Central andState Government securities, debt derivatives and moneymarket instruments of various maturities on the basis ofthe expected interest rate scenario. Since the interest ratescan be volatile at times, the fund will always endeavor toinvest in highly liquid debt and money market instruments.The fund will follow an active duration management strategyas a result of which the portfolio turnover could be high.

29. SBI Corporate Bond Fund


Instruments Indicative Allocations Risk(% of Total Net Assets) ProfileMinimum Maximum

Corporate Debt 80 100 MediumSecurities* includingsecuritised debt#

Money Market 0 20 Low toInstruments Mediumincluding T-Bills

Units issued by 0 10 MediumREITs &InvITs to High

* Corporate Debt securities will include Debenture and Bondsissued by Corporate (private institutions across sectorsincluding NBFC’s, banks and other financial institutions),PSU’s, Securitized Debt#, and International Bonds.


Corporate Bonds rated 65% 100% MediumAA* and below only to High

Debt instruments rated 0% 35% Low tohigher than AA, Central Mediumand State Government(s)dated securities andMoney marketinstruments

ADR/GDR/Foreign 0% 25% MediumSecurities to High


* excludes AA+ rated corporate bonds

Name of theScheme

SBI Corporate Bond Fund SBI Credit Risk Fund

InvestmentObjective

To actively manage a portfolio of good quality corporatedebt as well as Money Market Instruments so as to providereasonable returns and liquidity to the Unit holders.


To provide the investors an opportunity to predominantlyinvest in corporate bonds rated AA and below(excludingAA+ rated corporate bonds) so as to generate attractivereturns while maintaining moderate liquidity in the portfoliothrough investment in money market securities.

Asset Allocation

Type of Scheme An open-ended Debt Fund. An open-ended Debt Scheme predominantly investing inAA and below rated corporate bonds (excluding AA+ ratedcorporate bonds).


NOTICE

29. SBI Corporate Bond Fund (contd.)


# Investment in securitized debt will be to the extent of 40%of the net assets of the scheme.

Exposure to derivatives instruments in the scheme will beto the extent of 50% of the net assets of the scheme.

The cumulative gross exposure through Debt & Moneymarket instruments and derivative positions will not exceed100% of the net assets of the scheme. However, trading inderivatives by the scheme shall be restricted to hedgingand portfolio balancing purposes as permitted by theregulations.

The above investment pattern is indicative and may bechanged by the Fund Manager for a short-term period ondefensive considerations, keeping in view marketconditions, market opportunities, applicable SEBI (MF)Regulations 1996, legislative amendments and other politicaland economic factors, the intention being at all times toseek to protect the interests of the Unit Holders. Reviewand rebalancing of the portfolio will be done when the assetallocation falls outside the range given above. If the exposurefalls outside the above-mentioned asset allocation pattern,it will endeavour to restore within one month. If the fundmanager for any reason is not able to rebalance the assetallocation within one month, the matter would be escalatedto Investment Committee for further direction. TheInvestment Committee shall record the reason in writingleading the reason for falling the exposure outside theasset allocation and the Committee shall review and asconsider necessary may further direct the manner forrebalancing the same within the range of the asset allocationas mentioned above. The funds raised under the schemeshall be invested only in transferable securities as perRegulation 44(1), Schedule 7 of the SEBI (Mutual Funds)Regulations, 1996 as amended from time to time.








In case a debt instrument is not rated, mutual funds mayconstitute committees who can approve such proposalsfor investments in unrated instruments subject to theapproval of the detailed parameters for such investmentsby the Board of Directors and the Board of Trustees.


Above rebalancing will be subject to market conditions andin the interest of the investors. If the fund manager for anyreason is not able to rebalance the asset allocation withinabove mentioned period, the matter would be escalated toInvestment Committee for further direction. The InvestmentCommittee shall record the reason in writing leading thereason for falling the exposure outside the asset allocationand the Committee shall review and as consider necessarymay further direct the manner for rebalancing the samewithin the range of the asset allocation as mentioned above/further course of action. The funds raised under the schemeshall be invested only in transferable securities as perRegulation 44(1), Schedule 7 of the SEBI (Mutual Funds)Regulations, 1996.


InvestmentStrategy

Corporate debt securities yields normally trade abovegovernment securities yields. The fund aims to provideinvestors with yield spread on corporate debt securities bycautiously managing the excess risk on its corporateinvestments. The fund will follow an active credit qualitymanagement strategy.

Performance will depend on the Asset ManagementCompany’s ability to assess accurately and react to generalmarket conditions and changing financial characteristics ofthe security issuers.

The investments may be made in primary as well assecondary markets. The portfolio will be sufficientlydiversified so as to reduce the risk of underperformancedue to unexpected security specific factors.

The Scheme being open-ended, some portion of the portfoliowill be invested in money market instruments so as tomeet the normal repurchase requirements. The remaininginvestments will be made in corporate debt securities whichare either expected to be reasonably liquid or of varyingmaturities. However, the NAV of the Scheme may beimpacted if the securities invested in are rendered illiquidafter investment.

The scheme aims to generate attractive returns throughhigh-yielding corporate debt securities which are rated belowthe highest rating. The fund will follow an active creditmanagement strategy. Performance will depend on the AssetManagement Company’s ability to accurately assess thefinancial position of the security issuers regarding payingoff its debt. The investments may be made in primary aswell as secondary markets. The portfolio will be sufficientlydiversified to minimize credit risk. The Scheme being open-ended, some portion of the portfolio will be invested inmoney market instruments so as to meet the liquidityrequirements.

30. SBI Treasury Advantage Fund


Instruments Asset Allocation Risk (% of Net Assets) Profile

Minimum Maximum

Money market 50% 100% Low toinstruments with Mediumresidual maturityof upto 1 year

Debt securities 0% 50% Mediumincluding corporatedebt, securitiseddebt* and governmentsecurities.

*Investments in securitized debt will not exceed 20% of thenet assets of the Scheme. The Scheme will not invest inforeign securitized debt.

The average maturity would be maintained between 6 monthsto 18 months.

If the Scheme decides to invest in Foreign Securities inaccordance with SEBI Regulations, it is the intention of thefund manager that such investments will not normally exceed20% of the net assets of the Scheme.

Investment in debt derivatives instruments will be up to50% of the net assets of the Scheme for the purpose ofhedging and portfolio rebalancing.

Change in Asset Allocation

Subject to the Regulations, the asset allocation patternindicated above may change from time to time, keeping inview market conditions and opportunities, applicableregulations and political and economic factors. It must beclearly understood that the percentages stated above areonly indicative and not absolute and that they can varysubstantially depending upon the perception of the fundmanager, the intention being at all times to seek to protectthe interests of the Unit Holders. Such changes in theinvestment pattern will be for short-term and for defensiveconsiderations only. The fund manager will endeavour torebalance the portfolio within 30 days from the date ofdeviation. In case the same is not aligned to the assetallocation pattern indicated above within the said period,appropriate justification will be provided to the Boards ofDirectors of the AMC and Trustee.

It may be noted that no prior intimation/indication will begiven to investors when the composition/asset allocationpattern under the Scheme(s) undergo changes within thepermitted bands as indicated above. Investors/Unit Holderscan ascertain details of asset allocation of the Scheme(s)as on the last date of each month on the Mutual Fund’swebsite at www.sbimf.com that will display the assetallocation of the Scheme(s) as on the given day.

Provided further and subject to the above, any change inthe asset allocation affecting the investment profile of theScheme(s) shall be effected only in accordance with the


Debt and money 80% 100% Low tomarket instruments mediumissued by Banks,PSUs, PFIs andMunicipal bodies

Debt instruments 0% 20% Low to(including Central and MediumState Government(s)securities) and moneymarket instrumentsother than above




The Scheme may invest in Mutual Fund units as permissible-





Above rebalancing will be subject to market conditions andin the interest of the investors. If the fund manager for any

Name of theScheme

SBI Treasury Advantage Fund SBI Banking and PSU Fund

InvestmentObjective

To generate regular income through a judicious mix ofportfolio comprising, predominantly of money marketinstruments and short-term debt securities.

There can be no assurance that the investment objectiveof the scheme will be realized.

The scheme seeks to generate regular income through ajudicious mix of portfolio comprising predominantly debtand money market securities of Banks, Public SectorUndertakings, Public Financial Institutions and Municipalbodies.

Asset Allocation

Type of Scheme An open-ended Income Scheme. An open-ended Debt Scheme predominantly investing indebt instruments of banks, Public Sector Undertakings,Public Financial Institutions and Municipal bodies.

30. SBI Treasury Advantage Fund (contd.)


provisions of sub regulation (15A) of Regulation 18 of theRegulations, as detailed in Section II (I) - FundamentalAttributes of this Document.

reason is not able to rebalance the asset allocation withinabove mentioned period, the matter would be escalated toInvestment Committee for further direction. The InvestmentCommittee shall record the reason in writing leading thereason for falling the exposure outside the asset allocationand the Committee shall review and as consider necessarymay further direct the manner for rebalancing the samewithin the range of the asset allocation as mentioned above.The funds raised under the scheme shall be invested onlyin transferable securities as per Regulation 44(1), Schedule7 of the SEBI (Mutual Funds) Regulations, 1996.


InvestmentStrategy

This Scheme is meant for investors looking at avenues todeploy their surplus funds in primarily debt securities andmoney market instruments with a short-term investmenthorizon. The Scheme will be managed according to theinvestment objective and will endeavour to generate regularincome with low risk. The Scheme will invest in moneymarket and investment grade debt securities such ascertificates of deposit, commercial papers, corporatedebentures, structured obligations, treasury bills, etc. andshall maintain reasonable liquidity. Under normal conditionsthe average maturity of the portfolio of the Scheme wouldbe maintained between 6 months to 18 months. In theevent of any deviation in the average maturity of thePortfolio the Scheme would be rebalancing the portfoliowith a period of one month from the date of such deviation.

The credit quality of the portfolio will be maintained andmonitored using in-house research capabilities as well asinputs from external sources such as independent creditrating agencies. The investment team will primarily use abottom up approach to assess the quality of the security/instrument (including the financial health of the issuer) aswell as the liquidity of the security.

Investments in debt instruments carry various risks suchas interest rate risk, liquidity risk, market risk, reinvestmentrisk, etc. While such risks cannot be eliminated, they maybe minimized through appropriate credit monitoring, portfoliodiversification and effective use of hedging techniques.

An open-ended debt scheme predominantly investing indebt & money market securities issued by Banks, PublicSector Undertakings, Public Financial Institutions andMunicipal bodies.

31. SBI Magnum Gilt Fund - Long Term Plan


Asset Class Maximum Credit RiskExposure Profile

Government of India 100% Sovereigndated Securities

State Government 100% Lowdated Securities

Government of India 100% SovereignTreasury bill



Central and State 80% 100% SovereignGovernment securities,T-Bills

CBLO, Repo and Cash 0% 20% Low






Type of Scheme An open-ended Gilt Fund. An open-ended Debt Scheme investing in governmentsecurities across maturity.

InvestmentObjective

To provide the investors/unitholders with returns generatedthrough investments in government securities issued bythe Central Government and/or a State Government.

To provide returns to the investors generated throughinvestments in Government securities issued by the CentralGovernment and/or State Government(s).

Asset Allocation

Name of theScheme

SBI Magnum Gilt Fund - Long Term Plan SBI Magnum Gilt Fund

InvestmentStrategy

To provide the investors with returns generated throughinvestments in government securities issued by the CentralGovernment and/or a State Government. A portfolio investedin securities issued by Government of India (G-Secs) orthe state government securities is normally associatedwith an investment strategy in the debt markets that is freeof credit risk (i.e. the risk of default by the issuer). Thescheme may also invest in the term/notice money market(or in any alternative investment to the call market as maybe directed by RBI), repos and reverse repos to meet theliquidity requirements of the scheme or on defensiveconsiderations. Income may be generated through thereceipt of the coupon payments, the amortization of thediscount on debt instruments or the purchase and sale ofsecurities in the underlying portfolio. To ensure total safetyof the Magnum holder’s Funds, the scheme will not investin any other securities such as shares or corporatedebentures.The Fund will seek to underwrite issuance ofGovernment Securities if and to the extent permitted bySEBI/RBI and subject to the prevailing rules and regulationsspecified in this respect and may also participate in theirauction from time to time. The funds will be normallymanaged to a maximum average portfolio-maturity longerthan three years.

Investment in Central and/or State Government securitiesare considered to be free of credit risk. However the aim ofthe portfolio will be to make capital gains by activelymanaging interest rate risk.

BenchmarkIndex

I-sec Li-bex Crisil Gilt Index

32. SBI Magnum Gilt Fund - Short Term Plan


Type of Scheme An open-ended Gilt Fund. An open-ended Debt Scheme investing in governmentsecurities having a constant maturity of around 10 years.

BenchmarkIndex

I-sec Si-bex Crisil 10 Year Gilt Index

Name of theScheme

SBI Magnum Gilt Fund - Short Term Plan SBI Magnum Constant Maturity Fund

InvestmentObjective

To provide the investors/unitholders with returns generatedthrough investments in government securities issued bythe Central Government and/or a State Government.

To provide returns to the investors generated throughinvestments predominantly in Government securities issuedby the Central Government and/or State Governmentsuch that the Average Maturity of the portfolio is around10 years.


NOTICE

32. SBI Magnum Gilt Fund - Short Term Plan (contd.)


Asset Class Maximum Credit RiskExposure Profile

Government of India 100% Sovereigndated Securities

State Government 100% Lowdated Securities

Government of India 100% SovereignTreasury bill



Central Government 80% 100% Sovereignand State Governmentsecurities, T-Bills

CBLO, Repo and Cash 0% 20% Low



While the portfolio will maintain a constant maturity of around10 years, the Fund manager will rebalance the portfolioevery 6 months to achieve the investment objective.

The above investment pattern is indicative and may bechanged by the Fund Manager for a short-term period ondefensive considerations, keeping in view marketconditions, market opportunities, applicable SEBI (MutualFunds) Regulations 1996, legislative amendments and otherpolitical and economic factors, the intention being at alltimes to seek to protect the interests of the Unit Holders.If the exposure falls outside the above mentioned assetallocation pattern, the portfolio to be rebalanced by AMCwithin the stipulated time as mentioned above from thedate of said deviation.



Asset Allocation

InvestmentStrategy

To provide the investors with returns generated throughinvestments in government securities issued by the CentralGovernment and/or a State Government. A portfolio investedin securities issued by Government of India (G-Secs) orthe state government securities is normally associatedwith an investment strategy in the debt markets that is freeof credit risk (i.e. the risk of default by the issuer). Thescheme may also invest in the term/notice money market(or in any alternative investment to the call market as maybe directed by RBI), repos and reverse repos to meet theliquidity requirements of the scheme or on defensiveconsiderations. Income may be generated through thereceipt of the coupon payments, the amortization of thediscount on debt instruments or the purchase and sale ofsecurities in the underlying portfolio. To ensure total safetyof the Magnum holder’s Funds, the scheme will not investin any other securities such as shares or corporatedebentures.The Fund will seek to underwrite issuance ofGovernment Securities if and to the extent permitted bySEBI/RBI and subject to the prevailing rules and regulationsspecified in this respect and may also participate in theirauction from time to time. The funds will be normallymanaged to a maximum average portfolio-maturity longerthan three years.

Investment in Central and/or State Government securitiesare considered to be free of credit risk. However the aim ofthe portfolio will be to make capital gains by activelymanaging interest rate risk.

33. SBI Magnum Children’s Benefit Plan


Type of Scheme An open-ended Income Scheme. An open-ended fund for investment for children having alock-in for at least 5 years or till the child attains age ofmajority (whichever is earlier).

Name of theScheme

SBI Magnum Children’s Benefit Plan SBI Magnum Children’s Benefit Fund

InvestmentObjective

To provide attractive returns to the Magnum holders/Unitholders by means of capital appreciation through an activelymanaged portfolio of debt, equity and money marketinstruments. Income generated through the receipt ofcoupon payments, the amortization of the discount on thedebt instruments, receipt of dividends or purchase andsale of securities in the underlying portfolio, will bereinvested.


To provide the investors an opportunity to earn regularincome predominantly through investment in debt andmoney market instruments and capital appreciation throughan actively managed equity portfolio.

Type of Instruments % of RiskCorpus Profile

Equities or equity Not more than 25% Mediumrelated instruments to High

Debt instruments Upto 100% Low to(including Securitized Mediumdebt) and Govt.Securities and Moneymarket instruments

Securitized Debt Not more than 10% Mediumof the investment to High in debt instrument

Units issued by 0 - 10% MediumREITs &InvITs to High

The proportion of the scheme portfolio invested in eachtype of security will vary in accordance with economicconditions, interest rates, liquidity and other relevantconsiderations, including the risks associated with eachinvestment. The fund manager with the approval of theInvestment Committee may invest the entire assets inGOI securities only depending on the above factors.

The scheme however intends to invest only 20% of thecorpus in equity and equity related instruments. Anyinvestment in equity and equity related instruments above20% but within 25% would depend on market conditions if itis deemed to be in the larger interests of the Magnumholders/Unit holders and would be with the prior approval ofthe Managing Director & CEO. Investment in derivativeswill be upto 50% of the net assets.

The above investment pattern is indicative and may bechanged by the Fund Manager from time to time, keepingin view market conditions, market opportunities, applicableregulations, legislative amendments and other economicfactors. It must be clearly understood that the percentagesstated above are only indicative and not absolute and thatthey can vary substantially depending upon the perceptionof the AMC, the intention being at all times to seek toprotect the interests of the Magnum holders/Unit holders.The funds raised under the scheme shall be invested onlyin transferable securities as per Regulation 44(1), Schedule7 of the SEBI (MF) Regulations, 1996 as amended fromtime to time.

There can be no assurance that the investment objectiveof the scheme will be realized. However, the scheme willlargely invest in Government Securities, Corporate Papersof reputed and sound companies, Money Market instrumentsand also in equities in accordance with the investmentpattern stated above. The scheme will also review theseinvestments from time to time and the Fund Manager maychurn the portfolio to the extent as considered beneficial tothe investors.


Equities or equity 0% 25% Mediumrelated instruments to High(including derivatives)

Debt instruments 75% 100% Low to(including Central and mediumState Government(s)securities) and Moneymarket instruments(including CBLO,Reverse repo andequivalent)


Units issued by 0% 10% MediumREITs &InvITs^ to High





The Scheme may engage in stock lending upto 20% of itsnet assets.



The above investment pattern is indicative and may bechanged by the Fund Manager for a short-term period ondefensive considerations, keeping in view marketconditions, market opportunities, applicable SEBI (MutualFunds) Regulations 1996, legislative amendments and otherpolitical and economic factors, the intention being at alltimes to seek to protect the interests of the Unit Holders.

Asset Allocation

33. SBI Magnum Children’s Benefit Plan (contd.)


InvestmentStrategy

The proportion of the scheme portfolio invested in eachtype of security will vary in accordance with economicconditions, interest rates, liquidity and other relevantconsiderations, including the risks associated with eachinvestment. The scheme intends to invest upto 25% of thecorpus in equity and equity related instruments.

SBI Magnum Children’s Benefit Plan will be investing indebt instruments (including securitized debt), GovernmentSecurities and money market instruments (such term/noticemoney market, repos, reverse repos and any alternativeto the call money market as may be directed by the RBI)as also equity & equity related instruments.

The proportion of the scheme portfolio invested in eachtype of security will vary in accordance with economicconditions, interest rates, liquidity and other relevantconsiderations, including the risks associated with eachinvestment. The fund manager with the approval of theInvestment Committee may invest the entire assets inGOI securities only depending on the factors.

The scheme however intends to invest only 20% of thecorpus in equity and equity related instruments. Anyinvestment in equity and equity related instruments above20% but within 25% would depend on market conditions if itis deemed to be in the larger interests of the Magnumholders/Unit holders and would be with the prior approval ofthe Managing Director.

If the exposure falls outside the above mentioned assetallocation pattern, the portfolio to be rebalanced by AMCwithin 30 days from the date of said deviation.



Other features of the Scheme:

• The scheme is designed for the benefit of a minor investor and therefore will have a lock-in period of 5 years or till the minor attains majority,whichever happens earlier. However premature redemption beyond the above conditions may be permitted in the scheme in the event ofdeath of the parent/guardian/relative who has invested on behalf of the minor child.

• Parents/Guardians/Relatives/Institutions and NRIs can invest on behalf of the child. Investment can be made on behalf of a child who isabove 3 months of age to avail the benefit of personal accident insurance cover which is provided as an additional facility to the investor.If the child is above 15 years of age as on the date of investment, the applicable lock-in period in the fund will be 3 years. Proof of ageis not required. However, the Trustees and/or the AMC may, if considered necessary, in their sole discretion ask for proof of the same.

• Units under the scheme can be repurchased on any business day at NAV related prices post completion of lock-in period of 5 years or tillthe child attains age of majority, whichever is earlier. If the child is above 15 years of age on the date of investment, units under thescheme can be repurchased on any business day at NAV related prices post completion of lock-in period of 3 years.

• The funds collected under the scheme shall generally be invested in equity, debt and money market instruments consistent with theobjective of the scheme.

• On reaching 18 years of age, Magnum holders/Unit holders will have an option to withdraw their holdings either as a lumpsum amount orstaggered over a period of five years on annual/semiannual basis. In the case of the staggered redemption option, it is deemed that theMagnum holder/Unit holder has redeemed his investment under the scheme and will no longer be eligible for any benefits under the scheme.Alternatively, Magnum holders/Unit holders may also be permitted to continue their investment under the scheme even on completion of18 years of age.

• The scheme will provide group accident insurance cover to the Magnum holders/Unit holders or either parent against accidental death orpermanent total disability relating to these accidents. In addition to this, on the accidental death of either parent the Magnum holder/Unitholder will stand to receive an additional 10% of the claim amount towards educational expenses. The cost of providing the insurance coverwould be borne by the AMC. This cover will be available only for Resident Indian Magnum holders/Unit holders.

• At the time of application or subsequently, the investor may nominate an alternate child not exceeding 15 years of age.

34. SBI Magnum Monthly Income Plan


Type of Scheme An open-ended Debt Scheme. An open-ended Hybrid Scheme investing predominantly indebt instruments.

Name of theScheme

SBI Magnum Monthly Income Plan SBI Debt Hybrid Fund

InvestmentObjective

The objective of the scheme will be to provide regularincome, liquidity and attractive returns to the investorsthrough an actively managed portfolio of debt, equity andmoney market instruments. Income may be generatedthrough the receipt of coupon payments, the amortizationof the discount on the debt instruments, receipt of dividendsor purchase and sale of securities in the underlying portfolio.

However there is no guarantee or assurance that theinvestment objective of the scheme will be achieved. Thescheme doesn’t assure or guarantee any returns.

To provide the investors an opportunity to invest primarilyin Debt and Money market instruments and secondarily inequity and equity related instruments.

Type of Instruments % of RiskPortfolio Profile

Equity and equity Not More than 15% Mediumrelated instrument to High

Debt instrument Not less than 85% Low to(including securitized Mediumdebt) and Govt.Securities and MoneyMarket instrument

Securitized Debt Not more than 10% Medium of investment in to Highdebt instrument

Investment in derivatives will be upto 50% of the netassets. The proportion of the scheme portfolio invested ineach type of security will vary in accordance with economicconditions, interest rates, liquidity and other relevantconsiderations, including the risks associated with eachinvestment. Performance will depend on the AssetManagement Company’s ability assess accurately andreact to changing market conditions. The scheme may alsoenter into repurchase and reverse repurchase obligation inall securities held by it as per the guidelines and regulationsapplicable for such transactions. Further, the scheme mayparticipate in securities lending as permitted under SEBI(MF) Regulations, 1996.

The above investment pattern is indicative and may bechanged by the Fund Manager on defensive considerations.The funds raised under the scheme shall be invested onlyin transferable securities as per Regulation 44(1), Schedule7 of the SEBI (Mutual Funds) Regulations, 1996.

The Mutual Fund reserves the right to suitably alter thefrequency of the dividend payments under the variousplans depending on the performance and any and soundcompanies, Government Securities, Money Marketinstruments and also in the scrips of similar companieschange in the tax laws. There can be no assurance that theinvestment objective of the scheme will be realized.However, the scheme will largely invest in Corporate Papersof reputed in accordance with the investment pattern statedabove. The scheme will also review these investmentsfrom time to time and the Fund Manager may churn theportfolio to the extent as considered beneficial to theinvestors.


Equity and Equity 10% 25% Mediumrelated Instruments(including derivatives) to High

Debt instruments 75% 90% Low to(including Central and mediumState Governmentsecurities, debtderivatives) and MoneyMarket instruments(including CBLO,Reverse repo andequivalent)






The Scheme may engage in stock lending upto 20% of itsnet assets.




Above rebalancing will be subject to market conditions andin the interest of the investors. If the fund manager for anyreason is not able to rebalance the asset allocation withinabove mentioned period, the matter would be escalated toInvestment Committee for further direction. The InvestmentCommittee shall record the reason in writing leading the

Asset Allocation


NOTICE

34. SBI Magnum Monthly Income Plan (contd.)


reason for falling the exposure outside the asset allocationand the Committee shall review and as consider necessarymay further direct the manner for rebalancing the samewithin the range of the asset allocation as mentioned above.The funds raised under the scheme shall be invested onlyin transferable securities as per Regulation 44(1), Schedule7 of the SEBI (Mutual Funds) Regulations, 1996.


InvestmentStrategy

Investments under the fund will be a mix of debt, equity &money market instruments. Debt instruments will be investedbased on evaluation of macro-economic factors, marketdynamics and issuer specific factors. Maximum exposureto equities is capped at 25% in this scheme.

Investments under the fund will be a mix of debt, equity &money market instruments. Debt instruments will be investedbased on evaluation of macro-economic factors, marketdynamics and issuer specific factors. Maximum exposureto equities is capped at 15% in this scheme.

35. SBI Magnum Monthly Income Plan - Floater


BenchmarkIndex

CRISIL MIP Blended Fund Index 1/3 NIFTY+1/3 CRISIL Composite Bond Fund Index+1/3Price of Gold.

Name of theScheme

SBI Magnum Monthly Income Plan - Floater SBI Multi Asset Allocation Fund

InvestmentObjective

To provide regular income, liquidity and attractive returnsto investors in addition to mitigating the impact of interestrate risk through an actively managed portfolio of floatingrate and fixed rate debt instruments, equity, money marketinstruments and derivatives.

To provide the investors an opportunity to invest in anactively managed portfolio of multiple asset classes.

Instruments % of RiskPortfolio Profile

Equity and equity 0 % -15% Mediumrelated instrument to Highincluding derivatives

Debt and debt 85% - 100%related instrumentsincluding derivatives

Of which Floating 65% - 100% Low toRate Debt, Money MediumMarket instrumentsand derivatives

Fixed Rate Debt, 0% - 20%Money Marketinstruments* andderivatives

Securitized Debt Not more than 10% Mediumof investment in to Highdebt instrument

Investment in Foreign Securities - Upto 20% of the netassets of the scheme.

Maximum limit for stock lending - Not more 5% of the netassets of the scheme.

Investments in Floating rate securities/money marketinstruments would constitute atleast 65% of the net assetsof the scheme while the balance would be invested in fixedrate securities, money market instruments and/or equityrelated instruments. In the absence of Floating Ratesecurities, the Fund Manager may swap fixed rate returnsfor floating rate returns through derivatives like InterestRate Swap/Forward Rate arrangements as permitted underRegulations. The scheme may also invest in short-termdeposits of scheduled commercial banks as permitted underthe Regulations.

Fixed/Floating rate Money market instruments will includeCommercial Paper, Commercial Bills, Certificates ofDeposit, Treasury Bills, Bills Rediscounting, Repos,Government securities having an unexpired maturity ofless than 1 year, Call or notice money, Usance Bills andany other such short-term instruments as may be allowedunder the Regulations. The Scheme may also in invest inshort-term deposits of scheduled commercial banks aspermitted under the Regulations.

* Money Market Instruments will include Commercial Paper,Commercial Bills, Certificates of Deposit, Treasury Bills,Bills Rediscounting, Repos, Government securities havingan unexpired maturity of less than 1 year, Call or noticemoney, Usance Bills and any other such short-terminstruments as may be allowed under the regulationsprevailing from time to time.

Fixed/Floating rate debt instruments will include CorporateDebenture and Bonds/PSU, FI, Government guaranteedBonds, Government Securities including Securitized Debtand International Bonds.

Investments in Securitized Debt will not exceed 10% of theinvestment in Floating rate/fixed rate instruments whileinvestments in International Bonds will be within the SEBIstipulated limits.

The Mutual Fund has set exposure limits in respect of thevarious types of derivative transactions that are permittedby the SEBI guidelines, which is detailed in this SchemeInformation Document.

Debt instruments in which the scheme invests shall berated as not below investment grade by atleast onerecognized credit rating agency authorized under the SEBIAct, 1992. In case of short-term instruments, investmentswill be restricted to the instruments having CRISIL rating ofP-2 and above and/or ICRA rating of A-2 and above orequivalent rating by other rating agencies. In case a debtinstrument is not rated, mutual funds may constitutecommittees who can approve such proposals forinvestments in unrated instruments subject to the approvalof the detailed parameters for such investments by theBoard of Directors and Board of Trustees.

Investment in equities would be through primary as well assecondary market, private placement, preferential/firmallotments etc and in derivatives. The funds raised underthe scheme shall be invested only in transferable securitiesas per Regulation 44(1), Schedule 7 of the SEBI (MutualFunds) Regulations, 1996.

The investments will be made in primary as well as secondarymarkets. The portfolio will be sufficiently diversified so asto reduce the risk of underperformance due to unexpectedsecurity specific factors. Performance will depend on theAsset Management Company’s ability to assess accuratelyand react to changing market conditions. The scheme mayalso enter into repurchase and reverse repurchase obligationin all securities held by it as per the guidelines and regulationsapplicable for such transactions. Any investment inGovernment securities may be in securities supported byability to borrow from the Treasury, or sovereign or stategovernment guarantee, or supported by the Government ofIndia/a State Government in any other manner. Further, thescheme may participate in securities lending, invest in foreignsecurities and trade in derivatives as permitted under SEBI(MF) Regulations, 1996.

The above investment pattern is indicative and may bechanged by the Fund Manager from time to time, keepingin view market conditions, market opportunities, applicableregulations, legislative amendments and other political andeconomic factors. It must be clearly understood that thepercentages stated above are only indicative and notabsolute and that they can vary substantially dependingupon the perception of the AMC, the intention being at alltimes to seek to protect the interests of the Magnum Holders.The funds raised under the scheme shall be invested onlyin transferable securities as per Regulation 44(1), Schedule7 of the SEBI (Mutual Funds) Regulations, 1996 as amendedfrom time to time.

Asset Allocation RiskInstruments Min Max Profile

Equity and Equity 10% 80% Mediumrelated Instruments to High(including derivatives)

Debt instruments 10% 80% Low to(including Central and MediumState Government(s)securities, debtderivatives) andMoney marketinstruments

Gold and gold related 10% 80% Mediuminstruments* to High


The Fund shall invest in securitized debt upto 20% of thenet assets of the scheme.

The Fund may invest in ADR/GDR/Foreign securities upto25% of the net assets of the scheme.

The Fund may invest in Mutual Fund units as permissible.

The Fund may engage in stock lending upto 20% of its netassets.


*The Fund may invest in other commodities as permittedby SEBI from time to time.






Asset Allocation

Type of Scheme An open-ended Debt Scheme. An open-ended Scheme investing in equity, debt and goldand gold related instruments.

35. SBI Magnum Monthly Income Plan - Floater (contd.)



InvestmentStrategy

Investments under the fund will be predominantly in a mixof debt, equity & commodity instruments (as permitted bySEBI from time to time). Debt instruments will be investedbased on evaluation of macro-economic factors, marketdynamics and issuer specific factors.

Investments in Floating rate securities would be at least65% of the net assets of the scheme while the balancewould be invested in fixed rate securities, money marketinstruments and/or equity related instruments. In theabsence of Floating Rate securities, the Fund Managermay swap fixed rate returns for floating rate returns throughderivatives like Interest Rate Swap/Forward Ratearrangements as permitted under Regulations. Maximumexposure to equities is capped at 15% in this scheme. Thescheme may also invest in short-term deposits of scheduledcommercial banks as permitted under the Regulations.

Investments in Securitized Debt will not exceed 10% of theinvestment in Floating rate/fixed rate instruments whileinvestments in International Bonds will be within the SEBIstipulated limits. Debt instruments in which the schemeinvests shall be rated as not below investment grade by atleast one recognized credit rating agency authorized underthe SEBI Act, 1992.

36. SBI Dynamic Asset Allocation Fund


Type of Scheme An open-ended Dynamic Asset Allocation Scheme. An open-ended Dynamic Asset Allocation Fund.

Instruments Indicative Allocations Risk(% of Total Assets) Profile

Minimum Maximum

Equity & Equity 0 100 Highrelated instrumentsincluding foreignsecurities#

Debt & Money 0 100 Low toMarket Instrument* Medium

The Scheme shall invest in derivatives within the limits, asprescribed by SEBI from time to time.

* Exposure to securitized debt may be to the extent of 20%of the net assets.

Exposure in derivatives will not exceed 50% of the netasset of the Scheme. The cumulative gross exposure throughEquity & Equity related instruments, Debt & Money MarketSecurities including derivative positions will not exceed100% of the net assets of the scheme.

The Scheme shall not invest in repo in corporate debt.

The Scheme may engage in securities lending and shortselling in accordance with SEBI (MF) Regulations.

Apart from the investment restrictions prescribed underSEBI (MF) regulations, the fund follows internal norms vis-à-vis exposure to a particular scrip or sector. These normsare reviewed on a periodic basis and monitored regularly.

#Investments in foreign securities/ADR/GDR would complywith the Guidelines and overall limits laid down for Mutualfunds by SEBI for investments in foreign securities.

In the event of the asset allocation falling outside the rangeas indicated above, rebalancing will be done by the FundManager within a period 30 days from the date of deviation.Any alteration in the investment pattern will be for a short-term on defensive considerations; the intention being at alltimes to protect the interests of the Unit Holders.

The funds raised under the scheme shall be invested onlyin transferable securities as per Regulation 44(1), Schedule7 of the SEBI (Mutual Funds) Regulations, 1996.


Asset AllocationInstruments Minimum Maximum

Equity & Equity related instruments 0% 100%including foreign securities andderivatives

Debt instruments (including Central 0% 100%and State Government(s) securities,debt derivatives) & Money MarketInstruments (including CBLO,Reverse Repo and equivalent)

Exposure to securitized debt may be to the extent of 20%of the net assets.The Scheme may invest in Repo in Corporate Debt aspermitted by SEBI.Investments in foreign securities/ADR/GDR/would complywith the Guidelines and overall limits laid down for Mutualfunds by SEBI for investments in foreign securities.The Scheme may engage in securities lending and shortselling in accordance with SEBI (MF) Regulations. Apartfrom the investment restrictions prescribed under SEBI(MF) Regulations, the fund follows internal norms vis-a-visexposure to a particular scrip or sector. These norms arereviewed on a periodic basis and monitored regularly.Debt instruments in which the scheme invests shall berated as not below investment grade by at least onerecognized credit rating agency authorized under the SEBIAct, 1992. In case a debt instrument is not rated, mutualfunds may constitute committees who can approve suchproposals for investments in unrated instruments subjectto the approval of the detailed parameters for suchinvestments by the Board of Directors and the Board ofTrustees.The proportion of the scheme portfolio invested in eachtype of security will vary in accordance with economicconditions, interest rates, liquidity and other relevantconsiderations, including the risks associated with eachinvestment. Performance of the scheme will depend on theAsset Management Company’s ability to assess accuratelyand react to changing market conditions.The above investment pattern is indicative and may bechanged by the Fund Manager for a short-term period ondefensive considerations, keeping in view marketconditions, market opportunities, applicable SEBI (MutualFunds) Regulations 1996, legislative amendments and otherpolitical and economic factors, the intention being at alltimes to seek to protect the interests of the Unit Holders.If the exposure falls outside the above mentioned assetallocation pattern, the portfolio to be rebalanced by AMCwithin 30 days from the date of said deviation.Above rebalancing will be subject to market conditions andin the interest of the investors. If the fund manager for anyreason is not able to rebalance the asset allocation withinabove mentioned period, the matter would be escalated toInvestment Committee for further direction. The InvestmentCommittee shall record the reason in writing leading thereason for falling the exposure outside the asset allocationand the Committee shall review and as consider necessarymay further direct the manner for rebalancing the samewithin the range of the asset allocation as mentioned above.The funds raised under the scheme shall be invested onlyin transferable securities as per Regulation 44(1), Schedule7 of the SEBI (Mutual Funds) Regulations, 1996.There can be no assurance that the investment objectiveof the scheme will be achieved.

Asset Allocation

InvestmentObjective

To provide investors with an opportunity to invest in aportfolio of a mix of equity and equity related securitiesand fixed income instruments. The allocation between fixedincome and equity instruments will be managed dynamicallyso as to provide investors with long-term capitalappreciation.

However, there can be no assurance that the investmentobjective of the Scheme will be achieved.

To provide investors with an opportunity to invest in aportfolio which is a mix of equity and equity related securitiesand fixed income instruments. The allocation between fixedincome and equity instruments will be managed dynamicallyso as to provide investors with long-term capitalappreciation.

InvestmentStrategy

SBI Dynamic Asset Allocation Fund endeavors to meet theobjective of this fund mainly from asset allocation betweenasset classes. This approach will help reduce the risk oftracking the individual asset classes. Based on historicalobservation, these asset classes exhibit very differentrisk - return profile and a low correlation to each other. BothDebt and Equity tend to outperform each other on a relativerisk adjusted basis under different market conditions. Thefund strategy is based on the persistence of suchoutperformance over longer periods. The Scheme willallocate higher weight to the asset class that is relativelyfavourable under the prevailing market and economicconditions. The fund manager will aim for a superior riskadjusted returns over long time periods. The entire approachis rule based and involves a list of checklists and filters togenerate buy and sell signals. The key feature of thisapproach is its design to buy into weakness and to sell intostrength.

The optimal allocation between Equity, Debt and Cash willbe based on three principles:

• Momentum

• Rate of change in momentum

• Exhaustion of momentum

1. Momentum: The model assesses the relative strengthof momentum for each asset class by examining whethercurrent prices are above or below historical movingaverage prices for short and medium-term periods. Byusing a combination of moving averages for differentterms, we expect a higher stability and confidence inthe momentum indicator. The asset class that shows ahigher ratio between current price and the moving averageprice will get a higher weighting.

2. Rate of change: The model uses the rate of change inthe momentum of the underlying assets in addition tothe relative strength of the momentum to mitigate therisk of frequent changes in the signals. For an assetclass to be considered strongly trending higher not onlydoes the current price need to be above the movingaverages but also the rate of change for the movingaverages also need to be positive.

3. Exhaustion of momentum: A system based onmomentum indicators attempt to identify a trend that is

SBI Dynamic Asset Allocation Fund endeavors to meet theobjective of this fund mainly from asset allocation betweenasset classes. This approach will help reduce the risk oftracking the individual asset classes. Based on historicalobservation, these asset classes exhibit very differentrisk - return profile and a low correlation to each other. BothDebt and Equity tend to outperform each other on a relativerisk adjusted basis under different market conditions. Thefund strategy is based on the persistence of suchoutperformance over longer periods. The Scheme willallocate higher weight to the asset class that is relativelyfavourable under the prevailing market and economicconditions. The fund manager will aim for a superior riskadjusted returns over long time periods. The entire approachis rule based and involves a list of checklists and filters togenerate buy and sell signals. The key feature of thisapproach is its design to buy into weakness and to sell intostrength.

The optimal allocation between Equity, Debt and Cash willbe based on three principles:

• Momentum

• Rate of change in momentum

• Exhaustion of momentum

1. Momentum: The model assesses the relative strengthof momentum for each asset class by examining whethercurrent prices are above or below historical movingaverage prices for short and medium-term periods. Byusing a combination of moving averages for differentterms, we expect a higher stability and confidence inthe momentum indicator. The asset class that shows ahigher ratio between current price and the movingaverage price will get a higher weighting.

2. Rate of change: The model uses the rate of change inthe momentum of the underlying assets in addition tothe relative strength of the momentum to mitigate therisk of frequent changes in the signals. For an assetclass to be considered strongly trending higher not onlydoes the current price need to be above the movingaverages but also the rate of change for the movingaverages also need to be positive.

3. Exhaustion of momentum: A system based onmomentum indicators attempt to identify a trend that is


NOTICE

36. SBI Dynamic Asset Allocation Fund (contd.)

Attribute/feature Existing Features Proposed FeaturesInvestment

Strategylikely to persist and remain strong for a long period.However, even with very strong well-defined trends,there is likely to be a point at which the trend getsexhausted and there will be a reversal in price. Themodel incorporates the third and essential componentof “momentum-exhaustion” which attempts to identifythe price and time points at which the probability of ashort-term reversal in price trend is quite high. Thestrategy involves tracking price behavior and identifyingprice relationships that typically appear prior to andcoincident with market turning points.

This framework requires the fund manager to monitor thelevel, rate of change and pattern of changes in themomentum for these asset classes on a regular basis.Under normal conditions, the fund manager would take thedecision to reallocate the funds based on the relativestrength of momentum and its rate of change for eachasset class. However, given the indications of momentumexhaustion reallocation will be based on the contrary stanceto the existing momentum signal. In this framework, FundManager will use the “momentum-exhaustion” strategy solelyon the equity asset class. When either a buy or sell signalis triggered using this strategy, the weight obtained forequity using the Momentum and Rate of change frameworkwill be over-ruled. In other words, under a “Buy” signal, theportfolio will entirely shift to the equity asset class whileunder the “Sell” signal, the equity weight in the portfolio willbe reduced to zero. This will last as long as the buy or sellsignal is active. The “momentum-exhaustion” signals willeventually get deactivated either upon realizing a pre-calculated profit target or upon reaching a stop-loss level.Buy and sell signals using the “momentum-exhaustion”strategy is triggered relatively infrequently.

The frequency of reallocation and portfolio turnover will bemaintained under control by allowing small deviation fromthe target weights suggested by the above strategy. Theasset classes will retain market adjusted weights as long asthe deviation from targeted weight is below an absolutepercentage threshold. The allocation strategy of SBIDynamic Asset Allocation Fund, under certain volatile marketconditions, may signal frequent rebalancing of the portfolioin a short period of time.

The Scheme will use the derivatives for portfoliorebalancing. Use of derivatives will provide us the ability tofollow these frequent signals and efficiently manage thefund. Derivatives on major equity indices are more liquidand less expensive to transact in comparison to selling orbuying each individual securities in the portfolio. Derivativeswill provide the ability to make larger changes in the allocationwithout increasing the risk of illiquidity. The exposure toderivatives will be gradually reduced as the market retainsa stable trend.

likely to persist and remain strong for a long period.However, even with very strong well-defined trends,there is likely to be a point at which the trend getsexhausted and there will be a reversal in price. Themodel incorporates the third and essential componentof “momentum-exhaustion” which attempts to identifythe price and time points at which the probability of ashort-term reversal in price trend is quite high. Thestrategy involves tracking price behavior and identifyingprice relationships that typically appear prior to andcoincident with market turning points.

This framework requires the fund manager to monitor thelevel, rate of change and pattern of changes in themomentum for these asset classes on a regular basis.Under normal conditions, the fund manager would take thedecision to reallocate the funds based on the relativestrength of momentum and its rate of change for eachasset class. However, given the indications of momentumexhaustion reallocation will be based on the contrary stanceto the existing momentum signal. In this framework, FundManager will use the “momentum-exhaustion” strategy solelyon the equity asset class. When either a buy or sell signalis triggered using this strategy, the weight obtained forequity using the Momentum and Rate of change frameworkwill be over-ruled. In other words, under a “Buy” signal, theportfolio will entirely shift to the equity asset class whileunder the “Sell” signal, the equity weight in the portfolio willbe reduced to zero. This will last as long as the buy or sellsignal is active. The “momentum-exhaustion” signals willeventually get deactivated either upon realizing a pre-calculated profit target or upon reaching a stop-loss level.Buy and sell signals using the “momentum-exhaustion”strategy is triggered relatively infrequently.

The frequency of reallocation and portfolio turnover will bemaintained under control by allowing small deviation fromthe target weights suggested by the above strategy. Theasset classes will retain market adjusted weights as long asthe deviation from targeted weight is below an absolutepercentage threshold. The allocation strategy of SBIDynamic Asset Allocation Fund, under certain volatile marketconditions, may signal frequent rebalancing of the portfolioin a short period of time.

The Scheme will use the derivatives for portfoliorebalancing. Use of derivatives will provide us the ability tofollow these frequent signals and efficiently manage thefund. Derivatives on major equity indices are more liquidand less expensive to transact in comparison to selling orbuying each individual securities in the portfolio. Derivativeswill provide the ability to make larger changes in the allocationwithout increasing the risk of illiquidity. The exposure toderivatives will be gradually reduced as the market retainsa stable trend.

37. SBI Premier Liquid Fund


InvestmentObjective

To provide attractive returns to the Magnum/Unit holderseither through periodic dividends or through capitalappreciation through an actively managed portfolio of debtand money market instruments. Income may be generatedthrough the receipt of coupon payments, the amortizationof the discount on the debt instruments, receipt of dividendsor purchase and sale of securities in the underlying portfolio.

To provide the investors an opportunity to invest in theentire range of debt and money market securities withresidual maturity upto 91 days only.

Instruments Indicative Allocations Risk(% of Total Net Assets) ProfileMinimum & Maximu

Debt instruments Up to 100% Low to(including Debt Mediumderivatives) andMoney Marketinstruments(including cash/CBLO/Repo andequivalent) with aresidual maturityin line with SEBIregulation

Securitized Debt Up to 20% Medium to High

Pursuant to SEBI Circular SEBI/IMD/CIR NO. 13/150975/09dated January 19, 2009, the Scheme shall make investmentin/purchase debt and money market securities with maturityof upto 91 days only.


Debt instruments 0% 100% Low(including Debtderivatives) and MoneyMarket instruments witha residual maturity upto91 Days only

Securitized Debt with 0% 20% Mediuma residual maturity to Highupto 91 Days only

The scheme may invest in units of Mutual Funds.







Asset Allocation

Type of Scheme An open-ended Liquid Scheme An open-ended Liquid Scheme

InvestmentStrategy

The scheme will invest in the entire range of debt andmoney market instruments in line with the investmentobjective to provide attractive risk-adjusted returns to itsinvestors while maintaining a high degree of liquidity to theinvestments.

To invest the monies in Cash and alternate to Call MoneyMarket instrument, Corporate debenture and Bonds/PSU,FI Government guaranteed Bonds, Government Securitiesincluding Securitized Debt, International bonds andDerivative instruments to provide attractive returns to theMagnum/Unitholders either through periodic dividends orthrough capital appreciation through an actively managedportfolio of debt and money market instrument. The schemewould invest in debt and money market instruments havinga residual maturity not exceeding 91 days.

CHANGE IN THE FUNDAMENTAL ATTRIBUTESThe proposed changes in Type of Scheme, Asset Allocation Pattern and Investment Objective amount to change in the fundamentalattributes of the Schemes in terms of regulation 18(15A) of the SEBI (Mutual Funds) Regulations, 1996. Unitholders, who are not inagreement with aforesaid changes, have the option to redeem/switch their units at applicable NAV without any exit load. The option to exitwithout payment of exit load is valid from April 16, 2018 to May 15, 2018 (both days inclusive) up to 3.00 p.m. Such exit option will not beavailable to unitholders whose units have been pledged and the Mutual Fund has been instructed to mark a lien on such units unless therelease of the pledge is obtained and appropriately communicated to the Mutual Fund/Registrar prior to applying for redemption/switch. Anyredemption/switch request received after May 15, 2018 will be subject to the prevailing load structure as applicable and will not qualify forthe waiver of the exit load as mentioned above.Existing Systematic Investment Plan (SIP)/Systematic Transfer Plan (STP)/Systematic Withdrawal Plan (SWP)/Dividend Transfer Plan(DTP) etc., (wherever applicable) will be processed under the Schemes on their respective due dates subsequent to aforesaid changes, inthe folios where unitholders have not submitted request for cancellation of SIP/STP/SWP/DTP.Further, we request you to update your bank account details, if there is any change in the bank account, before submitting the redemptionrequest during the exit window.

Unitholders may note that no action is required in case they are in agreement with the aforesaid change which shall be deemedas acceptance of the same. This offer to exit or switch is merely an option and is not compulsory.Redemption/Switch-out by the Unit holders due to aforesaid change or due to any other reasons may entail tax consequences. Unit holdersare advised to consult their tax advisor for the same.

OTHER CHANGES IN THE SCHEME

38. SBI - ETF Gold

Investors are requested to note following changes in SBI - ETF Gold:


Type of Normal Allocation RiskInstruments (% of Net Assets) Profile

Minimum & Maximum

Gold and gold 90% - 100% Mediumbullion to High

Debt & Money 0% - 10% LowMarket Instruments


Gold, gold bullion and 95% 100% Lowgold related securities/instruments#

Debt & Money Market 0% 5% MediumInstruments to High

# Gold related instruments that may be permitted by SEBIfrom time to time.a. The cumulative Investment by the scheme in gold

deposit schemes (“GDS”) and GMS will not exceed 20%,or as prescribed by SEBI from time to time, of the totalassets under management.

b. All other conditions applicable to investments in GDSof banks will also be applicable to investments bySBI - ETF Gold in GMS.

c. GMS will be designated as a gold related instrument.

Asset Allocation

Type of Scheme An open-ended Gold Exchange Traded scheme An open-ended Gold Exchange Traded scheme

Further, in accordance with SEBI vide its Circular no. SEBI/HO/IMD/DF3/CIR/P/2017/114 dated October 6, 2017 read with SEBI Circular no.SEBI/HO/IMD/DF3/CIR/P/2017/126 dated December 4, 2017, there are few modifications in the Scheme(s) features which are not changesin fundamental attributes of the Scheme(s).

The details of the Scheme(s) are mentioned below:

Sr.No. Scheme Name Existing Type of Scheme Proposed Type of Scheme1. SBI - ETF SENSEX An open-ended Exchange Traded Scheme An open-ended scheme tracking S&P BSE

SENSEX index2. SBI - ETF Nifty Next 50 An open-ended Exchange Traded Scheme An open-ended scheme tracking Nifty Next 50 Index3. SBI - ETF Nifty Bank An open-ended Exchange Traded Scheme An open-ended Exchange Traded Scheme tracking

Nifty Bank Index4. SBI - ETF BSE 100 An open-ended Exchange Traded Scheme An open-ended Exchange Traded Scheme tracking

S&P BSE 100 index5. SBI - ETF Nifty 50 An open-ended Exchange Traded Scheme An open-ended Exchange Traded Scheme tracking

Nifty 50 Index6. SBI - ETF 10 Year Gilt An open-ended Exchange Traded Scheme An open-ended Exchange Traded Scheme tracking

Nifty 10 year Benchmark G-Sec Index7. SBI Gold Fund An open-ended Fund of Fund Scheme An open-ended Fund of Fund Scheme investing in

SBI-ETF Gold8. SBI Magnum Taxgain An open-ended Equity Linked Saving Scheme An open-ended Equity Linked Saving Scheme with a

Scheme * statutory lock-in period of 3 years and tax benefit

*The Benchmark Index of the Scheme to be changed from S&P BSE 100 Index to S&P BSE 500 Index as the scheme invests across marketcapitalizations.

APPLICABLE INVESTMENT RESTRICTIONS FOR REITs AND InvITs:• SBI Mutual Fund will invest in the units of REITs and InvITs subject to the following:

(a) SBI Mutual Fund under all its schemes shall not own more than 10% of units issued by a single issuer of REIT and InvIT; and(b) The scheme shall not invest -

i. more than 10% of its NAV in the units of REIT and InvIT; andii. more than 5% of its NAV in the units of REIT and InvIT issued by a single issuer

RISK FACTORS ASSOCIATED WITH INVESTMENTS IN REITs AND InvITs:Risk of lower than expected distributions: The distributions by the REIT or InvIT will be based on the net cash flows available fordistribution. The amount of cash available for distribution principally depends upon the amount of cash that the REIT/InvIT receives asdividends or the interest and principal payments from portfolio assets. The cash flows generated by portfolio assets from operations mayfluctuate primarily based on the below, among other things:• success and economic viability of tenants and off-takers• economic cycles and risks inherent in the business which may negatively impact valuations, returns and profitability of portfolio assets• force majeure events related such as earthquakes, floods etc. rendering the portfolio assets inoperable• debt service requirements and other liabilities of the portfolio assets• fluctuations in the working capital needs of the portfolio assets• ability of portfolio assets to borrow funds and access capital markets• changes in applicable laws and regulations, which may restrict the payment of dividends by portfolio assets• amount and timing of capital expenditures on portfolio assets• insurance policies may not provide adequate protection against various risks associated with operations of the REIT/InvIT such as fire,

natural disasters, accidents• taxation and other regulatory factorsPrice-Risk: The valuation of the REIT/InvIT units may fluctuate based on economic conditions, fluctuations in markets (eg. real estate) inwhich the REIT/InvIT operates and the resulting impact on the value of the portfolio of assets, regulatory changes, force majeure eventsetc. REITs & InvITs may have volatile cash flows. As an indirect shareholder of portfolio assets, unit holders rights are subordinated to therights of creditors, debt holders and other parties specified under Indian law in the event of insolvency or liquidation of any of theportfolio assets.Interest-Rate Risk: Generally, there would be an inverse relationship between the interest rates and the price of units. Generally, when theinterest rates rise, prices of units fall and when interest rates drop, such prices increase.Liquidity Risk: This refers to the ease with which REIT/InvIT units can be sold. There is no assurance that an active secondary marketwill develop or be maintained. Hence there would be time when trading in the units could be infrequent. The subsequent valuation of illiquidunits may reflect a discount from the market price of comparable securities for which a liquid market exists.

RISK CONTROL:The Investment Manager endeavours to invest in REITs/InvITs, where adequate due diligence and research has been performed by theInvestment Manager. The Investment Manager also relies on its own research as well as third party research. This involves one-to-onemeetings with the managements, attending conferences and analyst meets and also tele-conferences. The analysis will focus, amongstothers, on the predictability and strength of cash flows, value of assets, capital structure, business prospects, policy environment, strengthof management, responsiveness to business conditions, etc.

RISK FACTORS ASSOCIATED WITH INVESTMENTS IN STOCK LENDING:There are risks inherent to securities lending, including the risk of failure of the other party, in this case the approved intermediary, to complywith the terms of the agreement. Such failure can result in the possible loss of rights to the collateral, the inability of the approvedintermediary to return the securities deposited by the lender and the possible loss of any corporate benefits accruing thereon.

RISKS FACTORS ASSOCIATED WITH INVESTING IN FOREIGN SECURITIES (FOR EQUITY ORIENTED SCHEMES):• Subject to necessary approvals and within the investment objectives of the Scheme, the Scheme may invest in Foreign Securities

including foreign equities, ADRs, GDRs, mutual funds and exchange traded funds, unlisted securities, government securities,corporate debt securities, money market instruments, repos not involving borrowing and short-term deposits with overseas banks. Suchinvestments carry risks related to fluctuations in the foreign exchange rates, the nature of the securities market of the country,repatriation of capital due to exchange controls and political circumstances.

• It is the AMC’s belief that investment in Foreign Securities offers new investment and portfolio diversification opportunities into multi-market and multi-currency products. However, such investments also entail additional risks. Such investment opportunities may bepursued by the AMC provided they are considered appropriate in terms of the overall investment objectives of the Scheme. Since theScheme(s) would invest only partially in Foreign Securities, there may not be readily available and widely accepted benchmarks tomeasure performance of the Scheme.

• Overseas investments will be made subject to any/all approvals, conditions thereof as may be stipulated under the SEBI Regulationsor by RBI and provided such investments do not result in expenses to the Scheme(s) in excess of the ceiling on expenses prescribedby and consistent with costs and expenses attendant to international investing. The Mutual Fund may, where necessary, appoint otherintermediaries of repute as advisors, custodian/sub-custodians, etc. for managing and administering such investments. The appointmentof such intermediaries shall be in accordance with the applicable requirements of SEBI and within the permissible ceilings of expenses.

· To the extent that the assets of the Scheme(s) will be invested in Foreign Securities denominated in foreign currencies, the Indian Rupeeequivalent of the net assets, distributions and income may be adversely affected by changes in the value of certain foreign currenciesrelative to the Indian Rupee. The repatriation of capital to India may also be hampered by changes in regulations concerning exchangecontrols or political circumstances as well as the application to it of other restrictions on investment.

RISKS FACTORS ASSOCIATED WITH INVESTING IN FOREIGN SECURITIES (FOR DEBT ORIENTED SCHEMES):a. Currency Risk:

Moving from Indian Rupee (INR) to any other currency entails currency risk. To the extent that the assets of the Scheme will beinvested in securities denominated in foreign currencies, the Indian Rupee equivalent of the net assets, distributions and income maybe adversely affected by changes in the value of certain foreign currencies relative to the Indian Rupee.

b. Interest Rate Risk:The pace and movement of interest rate cycles of various countries, though loosely co-related, can differ significantly. Hence byinvesting in securities of countries other than India, the Scheme stand exposed to their interest rate cycles.

c. Credit Risk:Investment in Foreign Debt Securities are subject to the risk of an issuer’s inability to meet interest and principal payments on itsobligations and market perception of the creditworthiness of the issuer. This is substantially reduced since the SEBI (MF) Regulationsstipulate investments only in debt instruments with rating not below investment grade by accredited/registered credit rating agency. Tomanage risks associated with foreign currency and interest rate exposure, the Mutual Fund may use derivatives for efficient portfoliomanagement including hedging and in accordance with conditions as may be stipulated by SEBI/RBI from time to time.

d. Country Risk:The Country risk arises from the inability of a country, to meet its financial obligations. It is the risk encompassing economic, socialand political conditions in a foreign country, which might adversely affect foreign investors’ financial interests. In addition, countryrisks would include events such as introduction of extraordinary exchange controls, economic deterioration, bi-lateral conflict leadingto immobilisation of the overseas financial assets and the prevalent tax laws of the respective jurisdiction for execution of trades orotherwise.To manage risks associated with foreign currency and interest rate exposure, the Mutual Fund may use derivatives for efficientportfolio management including hedging and in accordance with conditions as may be stipulated by SEBI/RBI from time to time.

RISK FACTORS ASSOCIATED WITH REPO TRANSACTIONS IN CORPORATE DEBT SECURITIES:Corporate Bond Repo transactions are currently done on OTC basis and settled on non guaranteed basis. Credit risks could arise if thecounterparty does not return the security as contracted on due date. The liquidation of underlying bonds in case of counterparty defaultwould depend on the liquidity of the bond and market conditions at that time. This risk is largely mitigated, as the choice of counterpartiesis largely restricted and also haircuts are applicable on the underlying bonds depending on credit ratings. Also operational risks are lower assuch trades are settled on a DVP basis.

Name of Scheme SBI Premier Liquid Fund SBI Liquid Fund


NOTICE

In the event of the scheme(s) being unable to pay back the money to the counterparty as contracted in case of transactions as a borrower,the counter party may dispose of the assets (as they have sufficient margin) and the net proceeds may be refunded to the Mutual Fund. Thus,the scheme(s) may in remote cases suffer losses. This risk is normally mitigated by better cash flow planning to take care of such repayments.

RISK FACTORS ASSOCIATED WITH INVESTMENTS IN SECURITISED DEBT:(i) The Scheme may be exposed to risks associated with investing in asset backed securities (ABS), i.e. securitised debt. The underlying assets

in the case of investment in securitised debt could be mortgages [being mortgage backed securities (MBS)] or other assets like credit cardreceivables, automobile/vehicle, consumer durables, personal, commercial or corporate loans and any other receivables, loans or debt.

(ii) Different types of securitised debt/structured instruments carry different levels and types of risks and the NAV(s) of the Scheme may,to the extent that its assets are invested in such instruments, fluctuate depending on the value of such instruments. For instance,credit risk on securitised bonds depends upon the credit worthiness of the originator and would vary depending on whether such bondsare issued with recourse to the originator or otherwise (a structure with recourse will have a lower credit risk than a structure withoutrecourse). Even within securitised debt, AAA rated securitised debt offers lesser risk of default than AA rated securitised debt. Changesin/withdrawal of the credit rating of the instruments issued by the originator may affect the value of the Scheme’s investments andconsequently, the NAV of the Units.

(iii) Underlying assets in securitised debt may assume different forms and the general types of receivables include Auto Finance, CreditCards, Personal Loans/Receivables, Home Loans/Receivables, Corporate Loans/Receivables and other retail loans. Credit risksrelating to these types of receivables depend upon various factors including macro economic factors impacting each of theseindustries. Specific factors like nature and adequacy of property mortgaged against these borrowings and the nature of loan agreement/mortgage deed in case of Home Loans, adequacy of documentation in case of Auto Finance and Home Loans, capacity of the borrowerto meet its obligations in case of Credit Cards and intentions of the borrower influence the risks relating to the asset borrowingsunderlying the securitised debt.

(iv) If a court/regulatory authority concludes that the sale from the originator to the securitisation trust was not a “true sale”, the Scheme(s)may, in the event that it has invested in instruments issued by such trust, experience losses or delays in the payments due and theNAV of the Units may be affected thereby. Care is generally taken while structuring the transaction so as to minimize the risk of thesale to the trust not being construed as a “true sale” and legal opinion confirming that the sale constitutes a true sale is usually obtained.

(v) Presently, the secondary market for securitised papers is not very liquid and there is no assurance that a deep secondary market will developfor such securities. This could limit the ability of the Scheme(s) to resell such securities. Even if a secondary market develops and sales wereto take place, these secondary transactions may be at a discount to the initial issue price due to changes in the interest rate structure.

(vi) In case of securitised debt, changes in market interest rates and pre-payments may not change the absolute amount of receivables forthe investors but may have an impact on the re-investment of the periodic cash flows that an investor receives on securitised papers.

(vii) Securitised debt papers carry credit risk of the obligors and are dependent on the servicing of the Pass Through Certificates,contributions, etc. However, these are offset suitably by appropriate pool selection as well as credit enhancements specified by CreditRating Agencies. However, the credit enhancement stipulated in a securitization transaction represents a limited loss cover only.Delinquencies and credit losses may cause depletion of the amount available under the cash collateral account and thereby thescheduled payouts of the investors may get affected if the amount available in the cash collateral account is not enough to cover theshortfall. In cases where the underlying facilities are linked to benchmark rates, the securitized debt papers may be adversely impactedby adverse movements in benchmark rates. However, this risk is mitigated to an extent by appropriate credit enhancement specifiedby Credit Rating Agencies.

Risk of Co-mingling:The servicers normally deposit all payments received from the obligors into the collection account. However, there could be a time gapbetween collection by a servicer and depositing the same into the collection account especially considering that some of the collections maybe in the form of cash. In this interim period, collections from the loan agreements may not be segregated from other funds of the servicer.If the servicer fails to remit such funds due to investors, the investors may be exposed to a potential loss. Due care is normally taken toensure that the servicer enjoys highest credit rating on stand alone basis to minimize co-mingling risk.

RISK FACTORS ASSOCIATED WITH IMPERFECT HEDGE USING INTEREST RATE FUTURES:1. The cost of hedge can be higher than adverse impact of market movements.

2. Price/change in price of a security may or may not be the same in spot/cash and futures segment of the market. This may lead to thehedging position not giving the exact desired hedge result.

3. Derivatives will entail a counter-party risk to the extent of amount that can become due from the party.

4. Efficiency of a derivatives market depends on the development of a liquid and efficient market for underlying securities.

ILLUSTRATION OF IMPERFECT HEDGE USING INTEREST RATE FUTURES:Security Market Value Weight in the Yield Modified Weighted

(in Cr.) Portfolio (%) Duration Modified DurationGOI 7.35% 22.06.2024 50.00 10.64% 7.05 5.00 0.53

GOI 6.79% 15.05.2027 400.00 85.11% 7.03 6.85 5.83

GOI 6.68% 17.09.2031 20.00 4.26% 7.08 8.71 0.37

470

679GS2027 IRF 100.99

Consider a hypothetical portfolio or a part of a larger portfolio composed of 3 different securities with a Portfolio Average Modified Durationof 6.74. On account of change in economic factors, it is expected that the interest rates could go up by 1% over the coming days. Theportfolio would look to hedge the impact on this portfolio through selling IRF, of which the underlying security is different as given. Thiswould be an example of imperfect hedge where the portfolio that is hedged and the instrument underlying the futures contract are different.

The maximum number of contracts in IRF to sold is given by the following formula=( Market Value portfolio * Modified Duration of portfolio)/(Market Value of 1 Futures contract* Modified Duration of futures).

Market Value Portfolio* Modified Duration of Portfolio 31,654,557,509.18

Market Value of 1 Futures Contract 201,985.00

No of contracts to be sold 23,183.04

Market Value of Futures (in Cr.) 468.26

Negative Impact on Portfolio (in Cr.) -31.65

Positive Gain on Futures (in Cr.) 31.65

The impact on portfolio due to a 1% rise in yields is approx ` 31.65 crs. Since the portfolio has sold IRF contracts , the gain on account ofthe same is around ` 31.65 crs. Accordingly the loss on the underlying portfolio is hedged through IRF even as the underlying securitiesare different. The scheme would pursue imperfect hedging to the extent permitted by extant SEBI guidelines.

CONCEPT OF MACAULAY DURATION:The Macaulay duration measures the weighted average term to maturity of the bond’s cash flow. The weights in this weighted average arethe present value of each cash flow as a percent of the present value of all the bond’s cash flows.

Macaulay’s Duration is linked to the price volatility of a bond.

Duration is the fund manager’s tool for structuring a portfolio of bonds to have the desired sensitivity.

Illustration :Macaulay Duration is a measure of the average life of a security. More specifically, it is the weighted average term-to-maturity of thesecurity’s cash flows. Mathematically, it is:

t1 x PVCF1 + t2 x PVCF2+ t3 x PVCF3 +.... + tn x PVCFtDuration =

k x PVTCFwhere

PVCFt = the present value of the cash flow in period t discounted at the yield-to-maturity.

PVTCF = the total present value of the cash flow of the security determined by the yield-to-maturity, or simply the price of the security.

K = number of payments per year.

The following is an example of duration

Coupon rate: 8%

Term: 5 Years

Yield to Maturity 8%

Price 100

Period Cash Flow PVCF t x PVCFt

1 4.00 3.85 3.852 4.00 3.70 7.403 4.00 3.56 10.674 4.00 3.42 13.685 4.00 3.29 16.446 4.00 3.16 18.977 4.00 3.04 21.288 4.00 2.92 23.389 4.00 2.81 25.2910 104.00 70.26 702.59

Total 100.00 843.53The Macaulay Duration of the portfolio is 843.5331/(2*100) = 4.2177

DISCLOSURES PERTAINING TO SECURTIZED DEBT:Risk profile of securitized debt vis-a-vis risk appetite of the schemeThe risk of investing in securitized debt is similar to investing in debt securities. However it differs from other debt securities in two ways:• Liquidity: Typically the liquidity of securitized debt is less than similar debt securities.• Pre-payment: For certain types of securitized debt (backed by mortgages, personal loans, credit card debt, etc.), there is an additional

pre-payment risk. Pre-payment risk refers to the possibility that loans are repaid before they are due, which may reduce returns if there-investment rates are lower than initially envisaged.

Policy relating to originators:A securitization transaction involves sale of receivables by the originator (a bank, non-banking finance company, housing finance company,or a manufacturing/service company) to a Special Purpose Vehicle (SPV), typically set up in the form of a trust. Investors are issued ratedPass Through Certificates (PTCs), the proceeds of which are paid as consideration to the originator. In this manner, the originator, by sellinghis loan receivables to an SPV, receives consideration from investors much before the maturity of the underlying loans. Investors are paidfrom the collections of the underlying loans from borrowers. Typically, the transaction is provided with a limited amount of creditenhancement (as stipulated by the rating agency for a target rating), which provides protection to investors against defaults by theunderlying borrowers.The scheme will invest in instruments of the originator only if the originator has an investment grade rating. Over and above the credit ratingassigned by credit rating agencies to the originator, SBI MF will conduct an additional evaluation on:• Previous track record on origination, servicing and performance of existing pools• Willingness to pay, through credit enhancement facilities etc.• Ability to pay• Business risk assessment, wherein following factors are considered:

- Outlook for the economy (domestic and global)- Outlook for the industry- Originator/Pool specific factors

For single loan PTC, credit evaluation of the underlying corporate will be carried out as with any other debt instruments

RISK MITIGATION STRATEGIES:

Risk mitigation strategies will depend on each asset class, whether they are unsecured loans or secured, seasoning, collection history, pastrecovery rates, originator’s financial profile, servicing performance, etc for each asset class. SBI MF will invest in pools with investmentgrade rating by SEBI recognised rating agencies. In addition some specific risk mitigation measures will include:

Risk Mitigants

Credit Risk Analysis of originator with respect to past track record, systems and processes, performance of pools, collateraladequacy and disclosure frequency; Analysis of specific pool with respect to nature of underlying asset,seasoning, loan sizes, loan to value ratio, geographical diversity, etc

Counterparty Risk Past track record of handling securitized transactions, disclosure adequacy and frequency

Legal Risk Check with rating agency that investors’ interest is not compromised, specific protection measures likebankruptcy remoteness, etc are built in separate in-house legal opinion on transactions,

Market Risk Liquidity, Prepayment and Interest Rate Risk Analysis and level of their mitigation through transaction structureand credit enhancements provided.

The level of diversification with respect to the underlying assets, and risk mitigation measures for less diversified investments:

Framework that will be applied while evaluating investment decision relating to a pool securitization transaction:

Characteristics/ Mortgage Commercial CAR 2 Micro Personal Single OthersType of Pool Loan Vehicle and wheelers Finance Loans Sell

Construction Pools DownsEquipment

Approximate Average 60 -120 12 - 48 12 - 48 12 - 24 12 12 - 36 NA NAmaturity (in Months) months months months months months months

Collateral margin 5 - 20% 5 - 20% 5 - 20% 5 - 20% 10 - 30% 10 - 30% NA NA(including cash,guarantees, excessinterest spread,subordinate tranche)

Average Loan to Less than Less than Less than Less than NA NA NA NAValue Ratio 90% 90% 90% 90%

Average seasoning 6 - 12 months 3 - 6 months 3 - 6 months 3 - 6 months 3 - 12 weeks 1 - 3 months 0 - 3 months NAof the Pool

Maximum single 3 - 4% 3 - 4% Retail Retail Retail Retail NA NAexposure range

Average single 1 - 1.5% 1.5 - 2% Retail Retail Retail Retail NA NAexposure range%

Information illustrated in the Table above, is based on the current scenario relating to Securitized Debt market and is subject to changedepending upon the change in the related factors. The investment committee will review the above guidelines considering the extantRBI guidelines pertaining to securitization.

We endeavor to consider some of the important risk mitigating factors for securitized pool i.e.

• Average original maturity of the pool: based on different asset classes and current market practices

• Collateral margin including cash collateral and other credit enhancements

• Loan to Value Ratio

• Average seasoning of the pool, which is a key indicator of past pool performance

• Default rate distribution

• Geographical Distribution

• Maximum single exposure: Retail pools (passenger cars, 2-wheelers, Micro finance, personal loans, etc) are generally well diversifiedwith maximum and average single exposure limits within 1%.

As illustrated above, these factors vary for different asset classes and would be based on interactions with each originator as well as thecredit rating agency.

Minimum retention period of the debt by originator prior to securitization:

The scheme shall invest in securitized debt as per final RBI guidelines issued on May 7, 2012 and as amended till date.

Minimum retention percentage by originator of debts to be securitized

The scheme shall invest in securitized debt as per final RBI guidelines issued on May 7, 2012 and as amended till date.

The mechanism to tackle conflict of interest when the mutual fund invests in securitized debt of an originator and the originatorin turn makes investments in that particular scheme of the fund.

Investments made by the Scheme in any asset are done based on the requirements of the Scheme and is in accordance with the investmentpolicy. All Investments are made entirely at an arm’s length basis with no consideration of any existing/consequent investments by anyparty related to the transaction (originator, issuer, borrower etc.). Investments made in Securitized debt are made as per the Investmentpattern of the Scheme and are done after detailed analysis of the underlying asset. There might be instances of Originator investing in thesame scheme but both the transactions are at arm’s length and avoid any conflict of interest.

The resources and mechanism of individual risk assessment with the AMC for monitoring investment in securitized debt.

As with any other debt instruments, investment in securitized debt instruments will be closely monitored by a dedicated team of creditanalysts, ratings of any such instruments will be continuously tracked and periodic performance report from Trustee and MIS fromOriginators, if any would be scrutinized closely.

RISK FACTORS ASSOCIATED WITH TRADING IN DERIVATIVES:

a) Derivatives are high risk, high return instruments as they may be highly leveraged. A small price movement in the underlying securitycould have a large impact on their value and may also result in a loss.

b) Derivative products are leveraged instruments and can provide disproportionate gains as well as disproportionate losses to theinvestor. Execution of such strategies depends upon the ability of the fund manager to identify such opportunities. Identification andexecution of the strategies to be pursued by the fund manager involve uncertainty and decision of fund manager may not always beprofitable. No assurance can be given that the fund manager will be able to identify or execute such strategies.

c) The risks associated with the use of derivatives are different from or possibly greater than, the risks associated with investing directlyin securities and other traditional investments.

d) The fund may use derivative instruments like Interest Rate Swaps, Forward Rate Agreements or other fixed income derivatives.

e) Credit Risk: The credit risk in a derivative transaction is the risk that the counter party will default on its obligations and is generally low,as there is no exchange of principal amounts in a derivative transaction.

f ) Market risk: Derivatives carry the risk of adverse changes in the market price.

g) Illiquidity risk: The risk that a derivative cannot be sold or purchased quickly enough at a fair price, due to lack of liquidity in the market.

h) Floating Leg Risk: The fund pays the daily compounded rate. In practice however there can be a difference in the actual rate at whichmoney is lent in the call market and the benchmark, which appears and is used.

It may be mentioned here that the guidelines issued by Reserve Bank of India from time to time for forward rate agreements and interestrate swaps and other derivative products would be adhered to.

INVESTMENT IN REPO IN CORPORATE BONDS:

In accordance with the SEBI Circular no. CIR/IMD/DF/19/2011 dated November 11, 2011 read with SEBI Circular no. CIR/IMD/DF/23/2012dated November 15, 2012 on participation in repo in corporate debt securities, the following broad guidelines as per the policy approved byBoard of AMC and Trustee shall be followed by the Scheme:

1. The gross exposure of the scheme to repo transactions in corporate debt securities shall not be more than 10% of the net assets of theconcerned scheme.

2. The cumulative gross exposure through repo transactions in corporate debt securities along with equity, debt and derivatives shall notexceed 100% of the net assets of the concerned scheme.


4. The Schemes shall borrow through repo transactions only if the tenor of the transaction does not exceed a period of 6 months in termsof Regulation 44 (2) of SEBI (Mutual Funds) Regulations, 1996.

Further, the following conditions and norms shall apply to repo in corporate debt securities as approved by the Board of AMC & TrusteeCompany:

1. Category of counterparty - The schemes of SBI Mutual Fund would transact in corporate bond repo only with counterparties in theapproved list applicable for secondary market transactions in Corporate and Money market securities.

2. Credit Rating of the counterparty - The schemes shall participate in corporate bond repo transactions with only those counterpartieswho have a credit rating of AA and above and are part of the approved counterparty universe. Corporate bond repo transactions withcounterparties rated below AA- would be with prior approval of the Board.

3. Tenor of collateral - The tenor of the repo would be capped at 3 months. This would apply to transactions where the schemes are eithera lender or a borrower. The tenor of the collateral would be capped at 10 years. Prior approval of the investment committee of SBI MutualFund would be taken for any extension of the term of the repo or increase in the tenor of the collateral in compliance with the applicableSEBI guidelines.

4. Applicable haircuts - The applicable minimum haircut would be as per the extant RBI and SEBI guidelines. As per RBI circular RBI/2012-13/365 IDMD.PCD. 09/14.03.02/2012-13 dated 07/01/2013, all corporate bond repo transactions will be subject to a minimumhaircut given as below. The minimum haircut will be applicable on the market value of the corporate debt securities prevailing on the dayof trade of the 1st leg. The schemes may ask for a higher haircut (while lending) or give a higher haircut (while borrowing) dependingon the prevailing market situation.

Rating AAA AA+ AA

Minimum Haircut 7.50% 8.50% 10%

STOCK LENDING:

The scheme may also engage in stock lending. Stock lending means the lending of stock to another person or entity for a fixed period oftime, at a negotiated compensation. The securities lent will be returned by the borrower on expiry of the stipulated period. The Fund mayin future carry out stock-lending activity under the scheme, in order to augment its income. Stock lending may involve risk of default onpart of the borrower. However, this risk will be substantially reduced as the Fund has opted for the “Principal Lender Scheme of StockLending”, where entire risk of borrower’s default rests with approved intermediary and not with the Fund. There may also be risks associatedwith Stock Lending such as liquidity and other market risks. Any stock lending done by the scheme shall be in accordance with anyRegulations or guidelines regarding the same. The AMC will apply the following limits, should it desire to engage in Stock Lending:

(a) Not more than 20% of the net assets can generally be deployed in Stock Lending.

(b) Not more than 5% of the net assets can generally be deployed in Stock Lending to any single counter party.

This notice/addendum forms an integral part of the Scheme Information Document/Key Information Memorandum cum Application Form ofthe Schemes as amended from time to time.

For further information/assistance in this regard, please visit www.sbimf.com or call us at our toll free number 1800 425 5425 or visit yournearest Official Point of Acceptance of SBI Mutual Fund.


NOTICE

PRODUCT LABELINGSBI Arbitrage Opportunities Fund


• Short term investment.

• Investments to exploit profitable arbitrage opportunities between the spot andderivative market segments to provide capital appreciation and regular income.

These products are suitable for investors who are seeking*:

Long term capital appreciation

SBI Blue Chip Fund: Investment in equity and equity-related instruments of largecap companies.

SBI Contra Fund: Investments in a diversified portfolio of equity and equity relatedsecurities following a contrarian investment strategy.

SBI Focused Equity Fund (presently known as SBI Emerging BusinessesFund): Investment in equity and equity related instruments with maximum 30 stocksacross multicap space.

SBI Equity Hybrid Fund (presently known as SBI Magnum Balanced Fund):Investments primarily in equity and equity related instruments, with exposure in debtand money market instruments.

SBI Magnum Multicap Fund: Investments in a diversified basket of equity stocksspanning the entire market capitalization spectrum to provide both long-term growthopportunities and liquidity.

SBI Large & Midcap Fund (presently known as SBI Magnum Multiplier Fund):Investments in a diversified portfolio of large and midcap companies.

SBI Magnum Midcap Fund: Investments predominantly in a well diversified equitystocks of midcap companies.

SBI Nifty Index Fund: Passive Investment in stocks comprising the Nifty 50 Indexin the same proportion as in the index to achieve returns equivalent to the Totalreturns Index of Nifty 50 Index.

SBI Small Cap Fund (presently known as SBI Small & Midcap Fund): Investmentin equity and equity-related securities predominantly of small cap companies.

SBI-ETF Gold: Investment in Gold, gold bullion and gold related securities.


Regular income for medium term

SBI Credit Risk Fund (presently known as SBI Corporate Bond Fund):Predominantly investment in corporate debt securities rated AA and below.

SBI Magnum Medium Duration Fund (presently known as SBI Regular SavingsFund): Investment in Debt and Money Market securities.


Regular income for medium to long-term

SBI Dynamic Bond Fund: Investment in high quality debt securities of varyingmaturities.

SBI Magnum Income Fund: Investment in Debt and Money Market Instruments.


Regular income and capital growth for medium to long-term

SBI Magnum Constant Maturity Fund (presently known as SBI Magnum GiltFund - Short Term Plan): Investment in government securities having a constantmaturity of around 10 years.

SBI Magnum Gilt Fund (presently known as SBI Magnum Gilt Fund - Long TermPlan): Investment in government securities.

SBI Banking and PSU Fund (presently known as SBI Treasury Advantage Fund)


• Regular income over medium term

• Investment in Debt instruments predominantly issued by Banks PSUs, PFIs andMunicipal bodies.

SBI Debt Hybrid Fund (presently known as SBI Magnum Monthly Income Plan)


• Regular income and capital growth.

• Investment primarily in Debt and Money market instruments and secondarily inequity and equity related instruments.


Regular income and capital growth

SBI Dynamic Asset Allocation Fund: Dynamic Asset allocation between equity andequity related Instruments and fixed income instruments so as to provide with long-term capital appreciation.

SBI Multi Asset Allocation Fund (presently known as SBI Magnum MonthlyIncome Plan - Floater): Investment in actively managed portfolio of multiple assetclasses viz, equity, debt, gold and gold related instruments.

SBI Magnum Children’s Benefit Fund (presently known as SBI Magnum Children’s Benefit Plan)


• Regular income and capital appreciation.

• Investment primarily in debt and money market instruments and secondarily inactively managed equity and equity related instruments.


Sd/-Place : Mumbai Anuradha RaoDate : April 12, 2018 Managing Director & CEO

For further details kindly contact:Asset Management Company: SBI Funds Management Private Limited

(A Joint Venture between SBI & AMUNDI) (CIN: U65990MH1992PTC065289),

Trustee: SBI Mutual Fund Trustee Company Private Limited (CIN: U65991MH2003PTC138496), Sponsor: State Bank of India.

Registered Office - 9th Floor, Crescenzo, C- 38 & 39, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051,Tel: 91-022-61793000 Fax: 91-022-67425687, E-mail: [email protected] • www.sbimf.com.

Mutual Fund investments are subject to market risks,read all scheme related documents carefully

3 2 9 x 4 0 0


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SBI Equity Savings Fund


• Regular income & capital appreciation

• To generate income by investing in arbitrage opportunities in the cash andderivatives segment of the equity market, and capital appreciation through amoderate exposure in equity.

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Long term capital appreciation

SBI Banking & Financial Services Fund: Investment predominantly in a portfolioof equity & equity related instruments of companies engaged in banking & financialservices sector.

SBI Magnum COMMA Fund: Equity investments in a portfolio of stocks of companiesin the commodity and commodity related sectors.

SBI Consumption Opportunities Fund (presently known as SBI FMCG Fund):Equity investments in stock of companies following consumption theme.

SBI Infrastructure Fund: Equity investments in stocks of companies directly orindirectly involved in the infrastructure growth of the Indian economy.

SBI Technology Opportunities Fund (presently known as SBI IT Fund): Equityinvestments in stock of companies in the technology and technology related sectors.

SBI Magnum Equity ESG Fund (presently known as SBI Magnum Equity Fund):Investments in companies following the ESG theme.

SBI Magnum Global Fund: Investments in equity stocks of MNC companies.

SBI Healthcare Opportunities Fund (presently known as SBI Pharma Fund):Equity investments in stocks of companies in the healthcare sector.

SBI PSU Fund: Investments in diversified basket of equity stocks of domesticPublic Sector Undertakings and their subsidiaries.

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Regular income for short-term

SBI Magnum Ultra Short Duration Fund (presently known as SBI MagnumInstaCash Fund): Investment in Debt and Money Market instruments.

SBI Overnight Fund (presently known as SBI Magnum InstaCash Fund - LiquidFloater): Investment in overnight securities.

SBI Liquid Fund (presently known as SBI Premier Liquid Fund): Investment inDebt and Money Market securities with residual maturity upto 91 days only.

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Regular income for short-term

SBI Savings Fund: Investment in money market instruments.

SBI Short Term Debt Fund: Investment in Debt and Money Market securities.

SBI Magnum Low Duration Fund (presently known as SBI Ultra Short TermDebt Fund): Investment in Debt and Money Market instruments.

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