Investment update May 2016

Transcription

1 Investment update May 2016

2 Equity Fund Index From the Managing or s Desk Market Overview Equity Schemes Snapshot How to read Factsheet SBI Blue Chip Fund SBI Magnum Balanced Fund SBI Magnum Global Fund SBI Magnum MidCap Fund SBI Magnum Equity Fund SBI Magnum Taxgain Scheme SBI Emerging Businesses Fund SBI FMCG Fund SBI Pharma Fund SBI IT Fund SBI Contra Fund SBI Magnum Multicap Fund SBI Magnum Multiplier Fund SBI Nifty Index Fund SBI Magnum Comma Fund SBI PSU Fund SBI Infrastructure Fund SBI Arbitrage Opportunities Fund SBI Small & Midcap Fund SBI Dynamic Asset Allocation Fund SBI Banking And Financial Services Fund SBI Gold Fund

3 Debt Fund Index Debt and Liquid Schemes Snapshot SBI Ultra Short Term Debt Fund SBI Short Term Debt Fund SBI Magnum Monthly Income Plan SBI Premier Liquid Fund SBI Magnum Children' Benefit Plan SBI Magnum Income Fund SBI Magnum Gilt Fund Short Term Plan SBI Magnum Gilt Fund Long Term Plan SBI Magnum Monthly Income Plan Floater SBI Savings Fund SBI Dynamic Bond Fund SBI Corporate Bond Fund SBI Savings Fund SBI Magnum InstaCash Fund SBI Magnum InstaCash Fund Liquid Floater SBI Treasury Advantage Fund Comparative Performance for all Schemes Systematic Investment Plan () Total Expense Ratios Disclaimer SBI Funds Management Pvt Ltd Branches History of Debt Funds

4 From the Managing or s Desk Dinesh Kumar Khara MD & CEO Dear Friends, The Indian equity market remained in the positive territory for the second consecutive month in April, though gains were much lower than in March. s Nifty 50 and S&P BSE Sensex rose 1.44% and 1.04%, respectively, thanks to positive domestic and international cues. The month started with increasing expectations of an interest rate cut by the Reserve Bank of India (RBI). It became reality after the RBI cut the repo rate by 25 basis points to 6.5%. Indices were also bolstered by the Indian Meteorological Department's (IMD s) forecast of above-normal monsoon, and better-than-expected domestic industrial production and consumer price inflation numbers. Sentiments improved further after the domestic wholesale price index (WPI)-based inflation fell for the 17th consecutive month in March. Announcement of better-than-expected earnings results from some corporates, strong rupee and strong buying by FIIs augured well for the local indices. More gains were however capped as investors booked profits in the rate-sensitive stocks such as banks and realty sector after the RBI reduced its key policy rate. The forthcoming sessions in Parliament will be keenly watched as bills like GST and Bankruptcy remain on the table and have the potential to further boost the Indian economy. Globally, equities rallied after US Federal Reserve (Fed) Chief Janet Yellen signalled that the central bank would be cautious while raising interest rates. Gains in the European equities amid rebound in the crude oil prices propelled the market higher. All this buoyancy needs to be channelised in the right manner to make your money work better for you and realise your financial goals. We, at SBI Mutual Fund, continue to urge our investors to invest through Systematic Investment Plans (s) and benefit from staying invested for the long-term in equities through mutual funds as they have the potential to generate better inflation-adjusted returns. 1

5 FY has been a momentous year for us at SBI Mutual Fund, as we went all out to promote mutual funds and investing through Systematic Investment Plans (s) to every corner of the country. We did a lot of ground-work by working with our business associates and investors (new/existing) through interactions and social media to develop a lot of our messages on Investor Awareness. A lot of initiatives were rolled out in print, online and through our website to aid investors. The result was heartening as not only did we see growth in our Assets under Management but that the growth came through a lot of retail investors investing through s. We look to continue to serve you and help you build wealth for your dreams. As always, we value your investments and look forward to your continued patronage. For SBI Funds Management Private Ltd. Warm Regards, Dinesh Kumar Khara Managing or & Chief Executive Officer 2

6 Market Overview Navneet Munot ED & CIO Global financial markets stabilized recently after a turbulent start to the year. Massive stimulus from Chinese authorities, positive macro data in China and elsewhere Asia and depreciating US dollar led to return of a risk-on environment. Commodities prices surged, with crude oil rallying 15% during the month and nearly 60% from the bottom. Upward movement in commodities market helped in reviving interest in emerging markets. Sensex rose 10% from its February lows and FIIs turned net buyers since March, having bought US$ 5.1 billion in last two months. While the risk-on rally has exactly been in line with our expectations, it wouldn t be a oneway street. The huge stimulus and recent rally has revived retail speculation not only in equities but also in metals markets in China. Flows into emerging markets may slow down after the sharp rally. US Fed sounded less dovish and Bank of Japan chose against increasing the quantitative easing. Despite moving rates further into the negative territory and aggressive easing in the previous meeting, Japanese Yen continued to appreciate. Our view has been that monetary policy has almost reached its maximum potential and it is time for the policymakers to return to the fiscal policy and structural reforms to revive growth. Markets would also closely watch the referendum for Britain s exit from EU (BREXIT). Locally, investors are also focused on the ongoing earnings season for quarter ending March Corporate results announced so far are a mixed bag. Some of the companies in IT, cements and retail lending space surprised positively. Aggregate earnings have been under pressure from depressed commodity prices, higher NPA provisioning, muted rural demand, delay in investment cycle and challenging external environment. The worst on most of these counts should be behind us and we are likely to get back to normalized earnings growth cycle in line with recovery in nominal GDP growth. Markets have already priced in this improvement and current valuations are at an above average forward PE of 17.4x FY17 consensus earnings. India s growth has been gradually improving since past two quarters as captured by a wide range of activity indicators. More so, this recovery is becoming increasingly broad-based across sectors. The weak external demand, high leverage in some of the key sectors and NPA stress in banks will keep the private investment growth tempered. Nevertheless, the optimism comes on the back of sustained pick-up in urban consumption demand, expectation of normal monsoon and consequent betterment of rural demand, accelerated foreign directed investment, government capital expenditure and a growth supportive monetary and fiscal policy. In an environment of weakening trade and a more inward looking approach being adopted by the key economies, key driver to a growth recovery in FY17 will be a pick-up in domestic demand. 3

7 While the legislative action pertaining to passage of GST bill is stuck at various stages of political economy, government continues to accelerate small reforms that have large developmental implications. Taking stock of last month s reform development, unique enterprise number for companies and the comprehensive direct tax data release are commendable steps in establishing transparency in taxation. Passage of amendment in Mines and Minerals Bill enables mergers and acquisitions of steel and cement companies, and parliamentary panel s nod to the Bankruptcy code will help improving the business operating conditions in India. Acute water shortages in western India since last few months have resurfaced the issue of inefficient utilization of scarce resources in the country. The water woes need to be looked beyond myopic lenses of agriculture and should be actively addressed for retaining stability in growth. IMD (Government weather Bureau) has forecasted an above normal monsoon at 106% +/- 5% of the long period average for 2016 South West Monsoon Season, in line with other private forecasts. The agency has an expectation of normal monsoon in June and above-normal in August-September This should provide respite given that two back-to-back droughts have led to widespread distress in rural economic conditions. A favourable monsoon would also provide more comfort in keeping food inflation benign over the coming months. While keeping an eye on the macro developments, we remain focused on bottom up stock picking which we believe is the best way to generate alpha on a sustainable basis. The RBI s revised liquidity framework could entail substantial OMO operations while also aligning short term rates closer to the policy rate. The central bank has already conducted ` 300 billion of OMO thus far in April and we estimate that it may need to conduct a total of `1-1.5 trillion of bond purchase in the current fiscal year. This is equivalent to 25-35% of the fullyear net Gsec supply of `4.3 trillion. However, at the same time, there is a possibility of increased supply of State bonds (both SDL and UDAY bonds) and reduced demand appetite from banks as the SLR limits gets lowered and deposit growth stay sluggish. Additionally, CPI trajectory remains sticky around 5% and further softening of inflation requires substantial supply side and productivity enhancing measures/reforms. Against this current growth-inflation matrix, additional policy accommodation over the current cycle remains rather limited. As such, the near term direction of yields would largely be determined by the OMO schedule as also the domestic banking system s credit demand given that deposit growth has been moderate so far. Given the current demand- supply dynamics as well as expected evolution of policy rates, the 3-7 year segment of the sovereign curve remains the preferred investment space. This segment could also benefit from any possible additional OMO interventions and also interest from foreign investors over the coming months. Navneet Munot Executive or & CIO SBI Funds Management Private Limited 4

8 EQUITY SCHEMES SNAPSHOT Fund Name SBI Magnum Balanced Fund SBI Magnum Taxgain Scheme SBI Magnum Multicap Fund SBI Magnum Equity Fund SBI Nifty Index Fund (Previously known as SBI Magnum Index Fund) SBI Magnum Multiplier Fund (Previously known as SBI Magnum Multiplier Plus Scheme) SBI Blue Chip Fund SBI Contra Fund (Previously known as SBI MSFU - Contra Fund) SBI Emerging Businesses Fund (Previously known as SBI MSFU - Emerging Businesses Fund) SBI FMCG Fund (Previously known as SBI MSFU - FMCG Fund) Type of the Scheme An Open-ended Balanced Scheme 31/12/1995 An Openended Equity Linked Savings Scheme 31/03/1993 An Open-ended Scheme 29/09/2005 An Open ended Equity Scheme 01/01/1991 An Open-ended Index Fund 17/01/2002 An Open-ended Equity Scheme 28/02/1993 An Open-ended Scheme 14/02/2006 An Open-ended Equity Fund 14/07/1999 An Open-ended Equity Fund 11/10/2004 An Open-ended Equity Fund 14/07/1999 Mr. R. Srinivasan Mr. Dinesh Ahuja Mr. Jayesh Shroff Mr. Richard D'souza Mr. R. Srinivasan Mr. Raviprakash Sharma Mr. Jayesh Shroff Ms. Sohini Andani Mr. R. Srinivasan Mr. R. Srinivasan Mr. Saurabh Pant Jan-2012 Oct-2008 Dec-2011 May-2009 Feb-2011 Jun-2007 Sep-2010 Jun-2011 May-2009 Jun-2011 Ideal Investment Horizon 3 Year + 3 Year + 3 Year + 3 Year + 3 Year + 3 Year + 3 Year + 3 Year + 3 Year + 3 Year + Minimum Investment Amount ` 5000 & in multiples of ` 1 ` 500 & in multiples of ` 500 ` 1000 & in multiples of ` 1 ` 5000 & in multiples of ` 1 ` 5000 & in multiples of ` 1 ` 5000 & in multiples of ` 1 ` 5000 & in multiples of ` 1 ` 5000 & in multiples of ` 1 ` 5000 & in multiples of ` 1 ` 5000 & in multiples of ` 1 Additional Investment Amount ` 1000 & in multiples of ` 1 ` 500 & in multiples of ` 500 ` 1000 & in multiples of ` 1 ` 1000 & in multiples of ` 1 ` 1000 & in multiples of ` 1 ` 1000 & in multiples of ` 1 ` 1000 & in multiples of ` 1 ` 1000 & in multiples of ` 1 ` 1000 & in multiples of ` 1 ` 1000 & in multiples of ` 1 For exit within 12 months from the date of allotment: For 10% of investment - Nil For remaining investments %; For exit after 12 months from the date of allotment - Nil NIL For exit within 6 months from the date of allotment - 1 %; For exit after 6 months but within one year from the date of allotment 0.50% For exit after one year from the date of allotment - Nil For exit within 1 year from the date of allotment - 1%; For exit after 1 year from the date of allotment - Nil Nil For exit within 12 months from the date of allotment %; For exit after 12 months from the date of allotment - Nil For exit within 1 year from the date of allotment - 1 %; For exit after 1 year from the date of allotment - Nil For exit within 1 year from the date of allotment 1 %; For exit after 1 year from the date of allotment Nil For exit within 1 year from the date of allotment - 1 %; For exit after 1 year from the date of allotment - Nil Nil Available,,,,,,,,, (Minimum Amount) Dates Weekly Monthly Quarterly Weekly - Weekly & in & in multiples multiples of `1 of ` 500 thereafter for a thereafter for a minimum of 6 minimum of 6 Monthly - Monthly & in & in multiples multiples of ` of ` thereafter for minimum six months (or) minimum ` 500 & in multiples of ` 1 thereafter for year Quarterly & in multiples of ` 1 thereafter for year 15th/20th/25t h/30th (in case of February last business day) 15th/20th/25th /30th (in case of February last business day) Weekly & in multiples of `1 thereafter for a minimum of 6 Monthly & in multiples of ` 1 thereafter for minimum six months (or) minimum ` 500 & in multiples of ` 1 thereafter for minimum one year Quarterly & in multiples of ` 1 thereafter for minimum one year 15th/20th/25th /30th (in case of February last business day) Weekly & in multiples of `1 thereafter for a minimum of 6 Monthly & in multiples of ` 1 thereafter for minimum six months (or) minimum ` 500 & in multiples of ` 1 thereafter for year Quarterly & in multiples of ` 1 thereafter for year 15th/20th/25th /30th (in case of February last business day) Weekly & in multiples of `1 thereafter for a minimum of 6 Monthly & in multiples of ` 1 thereafter for minimum six months (or) minimum ` 500 & in multiples of ` 1 thereafter for minimum one year Quarterly & in multiples of ` 1 thereafter for minimum one year 15th/20th/25t h/30th (in case of February last business day) Weekly & in multiples of `1 thereafter for a minimum of 6 Monthly & in multiples of ` 1 thereafter for minimum six months (or) minimum ` 500 & in multiples of ` 1 thereafter for year Quarterly & in multiples of ` 1 thereafter for year 15th/20th/25th /30th (in case of February last business day) Weekly & in multiples of `1 thereafter for a minimum of 6 Monthly & in multiples of ` 1 thereafter for minimum six months (or) minimum ` 500 & in multiples of ` 1 thereafter for minimum one year Quarterly & in multiples of ` 1 thereafter for minimum one year 15th/20th/25th /30th (in case of February last business day) Weekly & in multiples of `1 thereafter for a minimum of 6 Monthly & in multiples of ` 1 thereafter for minimum six months (or) minimum ` 500 & in multiples of ` 1 thereafter for minimum one year Quarterly & in multiples of ` 1 thereafter for minimum one year 15th/20th/25th /30th (in case of February last business day) Weekly & in multiples of `1 thereafter for a minimum of 6 Monthly & in multiples of ` 1 thereafter for minimum six months (or) minimum ` 500 & in multiples of ` 1 thereafter for minimum one year Quarterly & in multiples of ` 1 thereafter for minimum one year 15th/20th/25th /30th (in case of February last business day) Weekly & in multiples of `1 thereafter for a minimum of 6 Monthly & in thereafter for minimum six months (or) minimum ` 500 & in multiples of ` 1 thereafter for year Quarterly & in thereafter for year 15th/20th/25th /30th (in case of February last business day) CRISIL Balanced Fund Index S&P BSE 100 Index S&P BSE 500 Index Nifty 50 Index Nifty 50 Index S&P BSE 200 Index S&P BSE 100 Index S&P BSE 100 Index S&P BSE 500 Index S&P BSE Fast Moving Consumer Goods Index Please consult your financial advisor before investing. 5

9 EQUITY SCHEMES SNAPSHOT Fund Name SBI IT Fund (Previously known as SBI MSFU - IT Fund) SBI Pharma Fund (Previously known as SBI MSFU - Pharma Fund) SBI Magnum COMMA Fund Fund invests in stocks of commodity based companies SBI Magnum Global Fund SBI Magnum Midcap Fund SBI Arbitrage Opportunities Fund SBI Infrastructure Fund (Previously known as SBI Infrastructure Fund- Series 1) SBI PSU Fund SBI Small & Midcap Fund Type of the Scheme An Open-ended Equity Fund An Open-ended Equity Fund An Open-ended Equity Scheme An Open-ended Scheme An Open-ended Scheme An Open-ended Scheme An Open-ended Scheme An Open-ended Equity Fund An Open-ended Equity Scheme 14/07/ /07/ /08/ /09/ /03/ /11/ /07/ /07/ /09/2009 Mr. Anup Upadhyay Mr. Tanmaya Desai Mr. Richard D'souza Mr. R. Srinivasan Ms. Sohini Andani Mr. Neeraj Kumar Mr. Richard D'souza Mr. Richard D'souza Mr. R. Srinivasan Jun-2011 Jun-2011 Aug-2014 May-2009 July-2010 Oct-2012 Aug-2014 Aug-2014 Nov Ideal Investment Horizon 3 Year + 3 Year + 3 Year + 3 Year + 3 Year + 1 Year + 3 Year + 3 Year + 3 Year + Minimum Investment Amount ` 5000 & in ` 5000 & in ` 5000 & in ` 5000 & in ` 5000 & in ` 5000 & in ` 5000 & in ` 5000 & in NA Additional Investment Amount ` 1000 & in ` 1000 & in ` 1000 & in ` 1000 & in ` 1000 & in ` 1000 & in ` 1000 & in ` 1000 & in NA Nil Nil For exit within 1 year from the date of allotment - 1 %; For exit after 1 year from the date of allotment - Nil For exit within 12 months from the date of allotment %; For exit after 12 months from the date of allotment - Nil For exit within 1 year from the date of allotment - 1 %; For exit after 1 year from the date of allotment - Nil For exit within 3 months from the date of allotment %; For exit after 3 months from the date of allotment - Nil For exit within 1 year from the date of allotment - 1 %; For exit after 1 year from the date of allotment - Nil For exit within 1 year from the date of allotment - 1%; For exit after 1 year from the date of allotment - Nil For exit within 1 year from the date of allotment - 1%; For exit after 1 year from the date of allotment - Nil Available,,,,,,,, (Minimum Amount) Weekly & in multiples of `1 thereafter for a minimum of 6 Monthly & in thereafter for minimum six months (or) minimum ` 500 & in multiples of ` 1 thereafter for year Quarterly & in thereafter for year Weekly & in multiples of `1 thereafter for a minimum of 6 Monthly & in thereafter for minimum six months (or) minimum ` 500 & in multiples of ` 1 thereafter for year Quarterly & in thereafter for year Weekly & in multiples of `1 thereafter for a minimum of 6 Monthly & in thereafter for minimum six months (or) minimum ` 500 & in multiples of ` 1 thereafter for minimum one year Quarterly & in thereafter for year Weekly & in multiples of `1 thereafter for a minimum of 6 Monthly & in thereafter for minimum six months (or) minimum ` 500 & in multiples of ` 1 thereafter for minimum one year Quarterly & in thereafter for year Weekly & in multiples of `1 thereafter for a minimum of 6 Monthly & in thereafter for minimum six months (or) minimum ` 500 & in multiples of ` 1 thereafter for minimum one year Quarterly & in thereafter for year Weekly & in multiples of `1 thereafter for a minimum of 6 Monthly & in thereafter for minimum six months (or) minimum ` 500 & in multiples of ` 1 thereafter for year Quarterly & in thereafter for year Weekly - Weekly & in 1000 & in multiples of `1 multiples of `1 thereafter for a thereafter for a minimum of 6 minimum of 6 Monthly - Monthly & in 1000 & in thereafter for thereafter for minimum six minimum six months (or) months (or) minimum ` 500 minimum ` 500 & in multiples & in multiples of of ` 1 thereafter ` 1 thereafter for minimum for minimum one year one year Quarterly - Quarterly & in 1500 & in thereafter for thereafter for year year NA Dates Weekly Monthly Quarterly 15th/20th/25th /30th (in case of February last business day) 15th/20th/25t h/30th (in case of February last business day) 15th/20th/25t h/30th (in case of February last business day) 15th/20th/25th /30th (in case of February last business day) 15th/20th/25th /30th (in case of February last business day) 15th/20th/25th /30th (in case of February last business day) 15th/20th/25th /30th (in case of February last business day) 15th/20th/25 th/30th (in case of February last business day) 15th/20th/25th/3 0th (in case of February last business day) S&P BSE - Information Technology Index S&P BSE HEALTH CARE Index Nifty Commodities Index S&P BSE Midcap Index S&P BSE Midcap Index CRISIL Liquid Fund Index Nifty Infrastructure Index S&P BSE PSU INDEX S&P BSE Small Cap Index Please consult your financial advisor before investing. 6

10 EQUITY SCHEMES SNAPSHOT Fund Name SBI Dynamic Asset Allocation Fund SBI Banking & Financial Services Fund SBI Gold Fund Type of the Scheme An Open Ended Dynamic Asset Allocation Scheme An Open Ended Sector Fund An Open Ended Fund of Fund Scheme 26/03/ /02/ /09/2011 Mr. Dinesh Balachandran - Equity & Equity related instruments & Debt and Money Market Instruments portion- Ms. Nidhi Chawlainvestments in foreign securities of the Scheme. Ms. Sohini Andani Mr. Raviprakash Sharma Mar-2015 Feb-2015 Sep-2011 Ideal Investment Horizon 3 Year + 3 Year + 3 Year + Minimum Investment Amount ` 5000 & in multiples of ` 1 ` 5000 & in multiples of ` 1 ` 5000 & in Additional Investment Amount ` 1000 & in multiples of ` 1 ` 1000 & in multiples of ` 1 ` 1000 & in For exit within 12 months from the date of allotment %; For exit after 12 months from the date of allotment - Nil For exit within 12 months from the date of allotment %; For exit after 12 months from the date of allotment - Nil Exit after 1 year from the date of allotment - Nil. Exit within 1 year from the date of allotment 1% Available,,, (Minimum Amount) Dates Weekly Monthly Quarterly Weekly - Weekly & in 1000 & in multiples of `1 multiples of `1 thereafter for a thereafter for a minimum of 6 minimum of 6 Monthly - Monthly & in 1000 & in thereafter for thereafter for minimum six minimum six months (or) months (or) minimum ` 500 minimum ` 500 & in multiples & in multiples of ` 1 of ` 1 thereafter for thereafter for minimum 12 minimum 12 months months Quarterly - Quarterly & in 1500 & in thereafter for thereafter for year year 15th/20th/25th 15th/20th/25th /30th (in case /30th (in case of February last of February last business day) business day) Weekly & in multiples of `1 thereafter for a minimum of 6 The minimum amount of investment for transactions is `6000 (aggregate) either through: (1) `100/- per month and in multiples of `1/- thereafter for minimum 60 months (2) `500/- per month and in multiples of `1/- thereafter for minimum 12 months (3) `1000/- per month and in multiples of `1/- thereafter for minimum 6 months (4) `500/- per quarter and in multiples of `1/- thereafter for minimum 12 quarters (5) `1500/- per quarter and in multiples of `1/- thereafter for minimum 4 quarters 5th/20th/25th/30th (in case of February last business day) 50% Crisil 1 year CD Index + 50% BSE S&P Sensex Nifty Financial Services Price of Physical Gold Please consult your financial advisor before investing. 7

11 How to read Factsheet? : An employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts. Application Amount for Fresh Subscription : This is the minimum investment amount for a new investor in a mutual fund scheme. Minimum Additional Amount : This is the minimum investment amount for an existing investor in a mutual fund scheme. Yield to Maturity : The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed as an annual rate. The YTM factors in the bond's current market price, par value, coupon interest rate and time to maturity. : or systematic investment plan works on the principle of making periodic investments of a fixed sum. It works similar to a recurring bank deposit. For instance, an investor may opt for an that invests Rs 500 every 15th of the month in an equity fund for a period of three years. NAV : The NAV or the net asset value is the total asset value per unit of the mutual fund after deducting all related and permissible expenses. The NAV is calculated at the end of every business day. It is the value at which the investor enters or exits the mutual fund. : A group of securities, usually a market index, whose performance is used as a standard or benchmark to measure investment performance of mutual funds, among other investments. Some typical benchmarks include the Nifty, Sensex, BSE200, BSE500, 10-Year Gsec. : A mutual fund may have a sales charge or load at the time of entry and/or exit to compensate the distributor/agent. Entry load is charged at the time an investor purchases the units of a mutual fund. The entry load is added to the prevailing NAV at the time of investment. For instance, if the NAV is Rs. 100 and the entry load is 1%, the investor will enter the fund at Rs 101. Note: SEBI, vide circular dated June 30, 2009 has abolished entry load and mandated that the upfront commission to distributors will be paid by the investor directly to the distributor, based on his assessment of various factors including the service rendered by the distributor : Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is deducted from the prevailing NAV at the time of redemption. For instance, if the NAV is Rs 100 and the exit load is 1%, the redemption price would be Rs 99 Per Unit. Modified Duration : Modified duration is the price sensitivity and the percentage change in price for a unit change in yield Standard Deviation : Standard deviation is a statistical measure of the range of an investment's performance. When a mutual fund has a high standard deviation, its means its range of performance is wide, implying greater volatility. Sharpe Ratio : The Sharpe Ratio, named after its founder, the Nobel Laureate William Sharpe, is a measure of riskadjusted returns. It is calculated using standard deviation and excess return to determine reward per unit of risk. Beta : Beta is a measure of an investment's volatility vis-à-vis the market. Beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 implies that the security's price will be more volatile than the market. AUM : AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm. Holdings : The holdings or the portfolio is a mutual fund's latest or updated reported statement of investments/securities. These are usually displayed in terms of percentage to net assets or the rupee value or both. The objective is to give investors an idea of where their money is being invested by the fund manager. Nature of Scheme : The investment objective and underlying investments determine the nature of the mutual fund scheme. For instance, a mutual fund that aims at generating capital appreciation by investing in stock markets is an equity fund or growth fund. Likewise, a mutual fund that aims at capital preservation by investing in debt markets is a debt fund or income fund. Each of these categories may have sub-categories. Rating Profile : Mutual funds invest in securities after evaluating their creditworthiness as disclosed by the ratings. A depiction of the mutual fund in various investments based on their ratings becomes the rating profile of the fund. Typically, this is a feature of debt funds. Tracking Error : Measure that indicates how closely the portfolio return tracks the benchmark return. Tracking error is the standard deviation of the difference of returns between a portfolio and the benchmark over a specified holding period. 8

12 Investment Objective To provide investors with opportunities for long-term growth in capital through an active management of investments in a diversified basket of equity stocks of companies whose market capitalization is at least equal to or more than the least market capitalized stock of S&P BSE 100 Index. An Open - Ended Scheme 14/02/2006 ` 5, Crores ` 5, Crores Ms. Sohini Andani Sep-2010 Over 19 years S&P BSE 100 Index For exit within 1 year from the date of allotment - 1 %; For exit after 1 year from the date of allotment - Nil Weekly & in multiples of ` 1 thereafter for a minimum of 6 Monthly & in multiples of ` 1 thereafter for minimum six months (or) minimum ` 500 & in thereafter for year Quarterly & in multiples of ` 1 thereafter for year. ` 5000 & in ` 1000 & in Standard Deviation Beta Sharpe Ratio Portfolio Turnover* : 14.55% : 0.87 : 0.85 : 0.76 Source: CRISIL Fund Analyser *Portfolio Turnover = lower of total sale or total purchase for the last 12 months upon Avg. AUM of trailing twelve months. Risk Free rate: FBIL Overnight Mibor rate (6.57% th as on 29 April 2016) Basis for Ratio Calculation: 3 Years Monthly Data Points NET ASSET VALUE Reg-Plan Reg-Plan Dir-Plan Dir-Plan EQUITY DEBT SBI Blue Chip Fund Of HDFC BANK LTD INFOSYS LTD RELIANCE INDUSTRIES LTD SUN PHARMACEUTICALS INDUSTRIES LTD TATA MOTORS LTD INDUSIND BANK LTD ULTRATECH CEMENT LTD MARUTI SUZUKI INDIA LTD TATA CONSULTANCY SERVICES LTD AXIS BANK LTD Grand Total will be at Moderately risk FINANCIAL SERVICES PHARMA AUTOMOBILE 9.67 IT 9.44 ENERGY 7.94 CEMENT & CEMENT PRODUCTS 6.60 CONSUMER GOODS 4.66 CONSTRUCTION 4.62 INDUSTRIAL MANUFACTURING 4.57 FERTILISERS & PESTICIDES 3.64 HEALTHCARE SERVICES 1.65 CHEMICALS 1.19 METALS 0.77 SERVICES 0.46 LAST DIVIDENDS Record Date Nav ( `) (in `/Unit) 17-Jul-15 (Reg Plan) Jul-15 (Dir Plan) Mar-14 (Reg Plan) Nov Nov Pursuant to payment of dividend, the NAV of Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable % Large Cap 12.67% Cash & Other Current Assets Other Current Assets comprise of Futures 4.51% Long term capital appreciation. Investment in equity shares of companies whose market capitalization is atleast equal to or more than the least market capitalized stock of S&P BSE 100 index to provide long term capital growth opportunities % Midcap 9

13 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. An Open - Ended Balanced Scheme 31/12/1995 ` 4, Crores ` 4, Crores s Mr. R. Srinivasan -Equity Mr. Dinesh Ahuja -Debt Jan-2012 Mr. R. Srinivasan -Over 22 years Mr. Dinesh Ahuja -Over 16 years CRISIL Balanced Fund Aggressive Index For exit within 12 months from the date of allotment: For 10% of investment - Nil For remaining investments %; For exit after 12 months from the date of allotment - Nil. Weekly & in multiples of ` 1 thereafter for a minimum of 6 Monthly & in multiples of ` 1 thereafter for minimum six months (or) minimum ` 500 & in thereafter for year Quarterly & in multiples of ` 1 thereafter for year. ` 5000 & in ` 1000 & in Standard Deviation : 11.38% Beta : 0.94 Sharpe Ratio : 1.07 Portfolio Turnover* : 0.24 Source: CRISIL Fund Analyser *Portfolio Turnover = lower of total sale or total purchase for the last 12 months upon Avg. AUM of trailing twelve months. Risk Free rate: FBIL Overnight Mibor rate (6.57% th as on 29 April 2016) Basis for Ratio Calculation: 3 Years Monthly Data Points NET ASSET VALUE Reg-Plan Reg-Plan Dir-Plan Dir-Plan EQUITY DEBT TOP HOLDINGS SBI Magnum Balanced Fund Of INFOSYS LTD HDFC BANK LTD STATE BANK OF INDIA 3.02 ECLERX SERVICES LTD PROCTER & GAMBLE HYGIENE & HEALTH CARE LTD ICICI BANK LTD SJVN LTD KOTAK MAHINDRA BANK LTD BAJAJ FINANCE LTD COAL INDIA LTD % CGL % CGL % CGL ADANI PROPERTIES PRIVATE LTD % CGL JANALAKSHMI FINANCIAL SERVICES PVT. LTD REPCO HOME FINANCE LTD NATIONAL WAYS AUTHORITY OF INDIA 1.07 POWER FINANCE CORPORATION LTD % CGL Grand Total will be at Moderately risk LAST DIVIDENDS Record Date Nav ( `) (in `/Unit) 23-Mar-16 (Reg Plan) Mar-16 (Dir Plan) Dec-15 (Reg Plan) Dec-15 (Dir Plan) Sep-15 (Reg Plan) Sep-15 (Dir Plan) Jun-15 (Reg Plan) Jun-15 (Dir Plan) Mar-15 (Reg Plan) Mar-15 (Dir Plan) Pursuant to payment of dividend, the NAV of Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable. Long term capital appreciation % 6.80% Large Cap Cash & Other Current Assets (Include Debt) 27.01% FINANCIAL SERVICES IT SERVICES INDUSTRIAL MANUFACTURING 5.05 CONSUMER GOODS 4.73 AUTOMOBILE 4.68 ENERGY 3.93 METALS 2.17 CHEMICALS 1.81 CEMENT & CEMENT PRODUCTS 1.75 HEALTHCARE SERVICES 1.57 MEDIA & ENTERTAINMENT 0.64 PHARMA 0.23 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 % Midcap Small Cap 10

14 Investment Objective To provide investors maximum growth opportunity through well researched investments in Indian equities, PCDs and FCDs from selected industries with high growth potential and in Bonds. An Open - Ended Equity Scheme NET ASSET VALUE Reg-Plan Reg-Plan Dir-Plan Dir-Plan LAST DIVIDENDS Record Date Nav ( `) (in `/Unit) 30-Oct-15 (Reg Plan) Oct-15 (Dir Plan) Jun-14 (Reg Plan) May Mar Mar Pursuant to payment of dividend, the NAV of Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable. 30/09/1994 ` 2, Crores ` 2, Crores Mr. R. Srinivasan May-2009 Over 22 years S&P BSE Midcap Index For exit within 12 months from the date of allotment %; For exit after 12 months from the date of allotment - Nil Weekly & in multiples of ` 1 thereafter for a minimum of 6 Monthly & in multiples of ` 1 thereafter for minimum six months (or) minimum ` 500 & in thereafter for year Quarterly & in multiples of ` 1 thereafter for year. ` 5000 & in ` 1000 & in Standard Deviation Beta Sharpe Ratio Portfolio Turnover* : 14.96% : 0.69 : 1.16 : 0.16 Source: CRISIL Fund Analyser *Portfolio Turnover = lower of total sale or total purchase for the last 12 months upon Avg. AUM of trailing twelve months. Risk Free rate: FBIL Overnight Mibor rate (6.57% th as on 29 April 2016) Basis for Ratio Calculation: 3 Years Monthly Data Points Of PROCTER & GAMBLE HYGIENE AND HEALTH CARE LTD WHIRLPOOL OF INDIA LTD DR. LAL PATHLABS LTD SOLAR INDUSTRIES INDIA LTD GRINDWELL NORTON LTD PAGE INDUSTRIES LTD CHOLAMANDALAM INVESTMENT AND FINANCE CO. LTD PIDILITE INDUSTRIES LTD DIVI'S LABORATORIES LTD BRITANNIA INDUSTRIES LTD Grand Total SBI Magnum Global Fund will be at Moderately risk CONSUMER GOODS INDUSTRIAL MANUFACTURING FINANCIAL SERVICES CHEMICALS 8.98 SERVICES 8.33 AUTOMOBILE 6.50 TEXTILES 4.88 HEALTHCARE SERVICES 3.66 PHARMA 3.09 IT 1.96 CONSTRUCTION 1.95 MEDIA & ENTERTAINMENT % Large Cap Long term capital appreciation. 8.74% Cash & Other Current Assets 67.23% Investments in Indian equities, PCDs and FCDs from selected industries with high growth potential to provide investors maximum growth opportunity % Midcap Small Cap 11

15 Investment Objective To provide investors with opportunities for long-term growth in capital along with the liquidity of an open-ended scheme by investing predominantly in a well diversified basket of equity stocks of Midcap companies. NET ASSET VALUE Reg-Plan Reg-Plan Dir-Plan Dir-Plan LAST DIVIDENDS Record Date Nav ( `) (in `/Unit) 20-Mar-15 (Reg-Plan) Mar-15 (Dir-Plan) Aug-13 (Reg-Plan) Dec Pursuant to payment of dividend, the NAV of Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable. An Open - Ended Scheme 29/03/2005 ` 1, Crores ` 1, Crores Ms. Sohini Andani July-2010 Over 19 years S&P BSE Midcap index For exit within 1 year from the date of allotment - 1 %; For exit after 1 year from the date of allotment - Nil Weekly & in multiples of ` 1 thereafter for a minimum of 6 Monthly & in multiples of ` 1 thereafter for minimum six months (or) minimum ` 500 & in thereafter for year Quarterly & in multiples of ` 1 thereafter for year. ` 5000 & in ` 1000 & in Standard Deviation : 17.26% Beta : 0.80 Sharpe Ratio : 1.43 Portfolio Turnover* : 0.21 Source: CRISIL Fund Analyser *Portfolio Turnover = lower of total sale or total purchase for the last 12 months upon Avg. AUM of trailing twelve months. Risk Free rate: FBIL Overnight Mibor rate (6.57% th as on 29 April 2016) Basis for Ratio Calculation: 3 Years Monthly Data Points Of CHOLAMANDALAM INVESTMENT AND FINANCE CO. LTD THE RAMCO CEMENTS LTD STRIDES SHASUN LTD DR. LAL PATHLABS LTD VA TECH WABAG LTD PI INDUSTRIES LTD 2.90 MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD PERSISTENT SYSTEMS LTD SANOFI INDIA LTD VOLTAS LTD Grand Total SBI Magnum MidCap Fund will be at Moderately risk FINANCIAL SERVICES INDUSTRIAL MANUFACTURING PHARMA CONSUMER GOODS 8.55 FERTILISERS & PESTICIDES 7.98 HEALTHCARE SERVICES 5.92 CEMENT & CEMENT PRODUCTS 5.55 CONSTRUCTION 5.39 SERVICES 5.16 IT 4.45 MEDIA & ENTERTAINMENT 2.88 ENERGY 1.94 AUTOMOBILE 1.80 TEXTILES 1.29 TELECOM % Large Cap Long term capital appreciation 9.35% Cash & Other Current Assets 7.94% Investment predominantly in a well diversified equity stocks of Midcap companies % Midcap Small Cap 12

16 Investment Objective 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. An Open - Ended Equity Fund 01/01/1991 ` 1, Crores ` 1, Crores Mr. R. Srinivasan May-2009 Over 22 years Nifty 50 Index NET ASSET VALUE Reg-Plan Reg-Plan Dir-Plan Dir-Plan Of HDFC BANK LTD INFOSYS LTD ITC LTD AXIS BANK LTD STATE BANK OF INDIA 5.13 KOTAK MAHINDRA BANK LTD COAL INDIA LTD ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD INTERGLOBE AVIATION LTD BHARAT PETROLEUM CORPORATION LTD Grand Total LAST DIVIDENDS Record Date Nav ( `) (in `/Unit) 29-Apr-16 (Reg Plan) Apr-16 (Dir Plan) Apr-15 (Reg Plan) Apr-15 (Dir Plan) May-14 (Reg Plan) Dec Jan Dec Pursuant to payment of dividend, the NAV of Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable. Large Cap 6.19% 93.81% Cash & Other Current Assets For exit within 1 year from the date of allotment - 1 %; For exit after 1 year from the date of allotment - Nil Weekly & in multiples of ` 1 thereafter for a minimum of 6 Monthly & in multiples of ` 1 thereafter for minimum six months (or) minimum ` 500 & in thereafter for year Quarterly & in multiples of ` 1 thereafter for year. ` 5000 & in FINANCIAL SERVICES IT CONSUMER GOODS 9.01 ENERGY 8.47 SERVICES 7.44 AUTOMOBILE 6.24 PHARMA 5.97 METALS 4.01 CEMENT & CEMENT PRODUCTS 2.27 CHEMICALS 1.96 INDUSTRIAL MANUFACTURING 1.94 MEDIA & ENTERTAINMENT 0.27 ` 1000 & in Standard Deviation : 15.29% Beta : 0.95 Sharpe Ratio : 0.59 Portfolio Turnover* : 0.81 SBI Magnum Equity Fund Long term capital appreciation Investments in high growth companies along with the liquidity of an open-ended scheme through investments primarily in equities. Source: CRISIL Fund Analyser *Portfolio Turnover = lower of total sale or total purchase for the last 12 months upon Avg. AUM of trailing twelve months. Risk Free rate: FBIL Overnight Mibor rate (6.57% th as on 29 April 2016) Basis for Ratio Calculation: 3 Years Monthly Data Points will be at Moderately risk 13

17 Investment Objective The prime objective of this scheme is to deliver the benefit of investment in a portfolio of equity shares, while offering deduction on such investments made in the scheme under Section 80 C of the Incometax Act, It also seeks to distribute income periodically depending on distributable surplus. An Open - Ended Equity Linked Saving Scheme 31/03/1993 ` 4, Crores ` 4, Crores Mr. Jayesh Shroff Oct-2008 Over 13 years NET ASSET VALUE Reg-Plan Reg-Plan Dir-Plan Dir-Plan Of HDFC BANK LTD INFOSYS LTD TATA MOTORS LTD SHREE CEMENTS LTD RELIANCE INDUSTRIES LTD AXIS BANK LTD UPL LTD VA TECH WABAG LTD SKF INDIA LTD STATE BANK OF INDIA 2.71 Grand Total LAST DIVIDENDS Record Date Nav ( `) (in `/Unit) 11-Mar-16 (Reg Plan) Mar-16 (Dir Plan) Mar-15 (Reg Plan) Mar-15 (Dir Plan) Mar-14 (Reg Plan) Mar-13 (Reg Plan) Mar Mar Pursuant to payment of dividend, the NAV of Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable % Large Cap 0.42% 8.23% Cash & Other Current Assets 70.35% Midcap Small Cap S&P BSE 100 Index NIL Weekly & in multiples of ` 500 thereafter for a minimum of 6 Monthly & in multiples of ` 500. ` 500 & in multiples of ` 500 ` 500 & in multiples of ` 500 Standard Deviation Beta Sharpe Ratio Portfolio Turnover* : 16.15% : 0.97 : 0.71 : 0.16 Source: CRISIL Fund Analyser *Portfolio Turnover = lower of total sale or total purchase for the last 12 months upon Avg. AUM of trailing twelve months. Risk Free rate: FBIL Overnight Mibor rate (6.57% th as on 29 April 2016) Basis for Ratio Calculation: 3 Years Monthly Data Points SBI Magnum Taxgain Scheme FINANCIAL SERVICES ENERGY IT AUTOMOBILE 8.73 SERVICES 6.62 PHARMA 6.44 CEMENT & CEMENT PRODUCTS 6.14 CONSUMER GOODS 4.41 CONSTRUCTION 4.05 INDUSTRIAL MANUFACTURING 3.48 FERTILISERS & PESTICIDES 2.90 TEXTILES 2.24 Long term capital appreciation Investment in a portfolio of equity shares, while offering deduction under Section 80 C of IT Act, will be at Moderately risk Investment under the Scheme has a lock-in period of 3 years. 14

18 (Previously known as SBI MSFU - Emerging Businesses Fund) Investment Objective The investment objective of the Emerging Businesses Fund would be 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 stock representing such companies. The fund may also evaluate Emerging Businesses with growth potential and domestic focus. An Open - Ended Equity Fund 11/10/2004 ` 1, Crores ` 1, Crores Mr. R. Srinivasan May-2009 Over 22 years S&P BSE 500 Index For exit within 1 year from the date of allotment - 1 %; For exit after 1 year from the date of allotment - Nil. Weekly & in multiples of ` 1 thereafter for a minimum of 6 Monthly & in multiples of ` 1 thereafter for minimum six months (or) minimum ` 500 & in thereafter for year Quarterly & in multiples of ` 1 thereafter for year. ` 5000 & in ` 1000 & in Standard Deviation Beta Sharpe Ratio Portfolio Turnover* : 15.39% : 0.81 : 0.82 : 0.54 Source: CRISIL Fund Analyser *Portfolio Turnover = lower of total sale or total purchase for the last 12 months upon Avg. AUM of trailing twelve months. Risk Free rate: FBIL Overnight Mibor rate (6.57% th as on 29 April 2016) Basis for Ratio Calculation: 3 Years Monthly Data Points NET ASSET VALUE Reg-Plan Reg-Plan Dir-Plan Dir-Plan Of PROCTER & GAMBLE HYGIENE AND HEALTH CARE LTD HDFC BANK LTD SOLAR INDUSTRIES INDIA LTD MANPASAND BEVERAGES LTD M INDIA LTD ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD ELGI EQUIPMENTS LTD DIVI'S LABORATORIES LTD DR. LAL PATHLABS LTD NAVKAR CORPORATION LTD Grand Total SBI Emerging Businesses Fund will be at Moderately risk LAST DIVIDENDS Record Date Nav ( `) (in `/Unit) 07-Apr-16 (Reg Plan) Apr-16 (Dir Plan) Nov-14 (Reg Plan) Apr-13 (Reg Plan) Mar Jul Mar Oct Pursuant to payment of dividend, the NAV of Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable. CONSUMER GOODS SERVICES FINANCIAL SERVICES INDUSTRIAL MANUFACTURING 9.85 PHARMA 8.17 CHEMICALS 7.12 HEALTHCARE SERVICES 4.67 AUTOMOBILE 2.72 Long term capital appreciation 47.72% Large Cap 9.38% 3.97% Cash & Other Current Assets 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 % Midcap Small Cap 15

19 (Previously known as SBI MSFU - FMCG Fund) NET ASSET VALUE Reg-Plan Reg-Plan Dir-Plan Dir-Plan LAST DIVIDENDS Record Date Nav ( `) (in `/Unit) 29-May-15 (Reg Plan) May-15 (Dir Plan) May-13 (Reg Plan) Mar Investment Objective To provide the investors maximum growth opportunity through equity investments in stocks of growth oriented sectors of the economy. An Open - Ended Equity Fund 14/07/1999 ` Crores ` Crores Mr. Saurabh Pant Jun-2011 Over 8 years S&P BSE Fast Moving Consumer Goods Index Nil Weekly & in multiples of ` 1 thereafter for a minimum of 6 Monthly & in multiples of ` 1 thereafter for minimum six months (or) minimum ` 500 & in thereafter for year Quarterly & in multiples of ` 1 thereafter for year. ` 5000 & in Of ITC LTD TITAN CO. LTD PROCTER & GAMBLE HYGIENE AND HEALTH CARE LTD MANPASAND BEVERAGES LTD JUBILANT FOODWORKS LTD UNITED BREWERIES LTD NESTLE INDIA LTD INDIAN TERRAIN FASHIONS LTD BRITANNIA INDUSTRIES LTD VIP INDUSTRIES LTD Grand Total Pursuant to payment of dividend, the NAV of Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable % Large Cap CONSUMER GOODS TEXTILES % 2.76% Cash & Other Current Assets 67.00% Midcap Small Cap ` 1000 & in Standard Deviation Beta Sharpe Ratio Portfolio Turnover* : 14.87% : 0.95 : 0.40 : 0.44 Source: CRISIL Fund Analyser *Portfolio Turnover = lower of total sale or total purchase for the last 12 months upon Avg. AUM of trailing twelve months. Risk Free rate: FBIL Overnight Mibor rate (6.57% th as on 29 April 2016) for Ratio Calculation: 3 Years Monthly Data Points SBI FMCG Fund Long term capital appreciation Equity Investments in stock of FMCG sector of the economy to provide sector specific growth opportunities. will be at risk 16

20 (Previously known as SBI MSFU - Pharma Fund) NET ASSET VALUE Reg-Plan Reg-Plan Dir-Plan Dir-Plan LAST DIVIDENDS Record Date Nav ( `) (in `/Unit) 30-Jan-15 (Reg Plan) Investment Objective To provide the investors maximum growth opportunity through equity investments in stocks of growth oriented sectors of the economy. An Open - Ended Equity Fund 14/07/1999 ` Crores ` 1, Crores Mr. Tanmaya Desai Jun-2011 Over 6 years S&P BSE HEALTH CARE Index Nil Weekly & in multiples of ` 1 thereafter for a minimum of 6 Monthly & in multiples of ` 1 thereafter for minimum six months (or) minimum ` 500 & in thereafter for year Quarterly & in multiples of ` 1 thereafter for year. ` 5000 & in ` 1000 & in Standard Deviation Beta Sharpe Ratio Portfolio Turnover* : 18.41% : 0.96 : 1.14 : 0.32 Source: CRISIL Fund Analyser *Portfolio Turnover = lower of total sale or total purchase for the last 12 months upon Avg. AUM of trailing twelve months. Risk Free rate: FBIL Overnight Mibor rate (6.57% th as on 29 April 2016) for Ratio Calculation: 3 Years Monthly Data Points Of SUN PHARMACEUTICALS INDUSTRIES LTD LUPIN LTD AUROBINDO PHARMA LTD STRIDES SHASUN LTD DIVI'S LABORATORIES LTD DR. LAL PATHLABS LTD TORRENT PHARMACEUTICALS LTD GLENMARK PHARMACEUTICALS LTD NATCO PHARMA LTD AJANTA PHARMA LTD Grand Total PHARMA HEALTHCARE SERVICES 8.10 Pursuant to payment of dividend, the NAV of Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable. Large Cap Cash & Other Current Assets SBI Pharma Fund 34.75% Long term capital appreciation 1.49% 5.66% E q u i t y I n v e s t m e n t s i n s t o c k o f Pharmaceuticals sector of the economy to p r o v i d e s e c t o r s p e c i f i c g r o w t h opportunities % Midcap Small Cap will be at risk 17