EQUITY SAVINGS FUND An Open-ended Equity Scheme ONE FUND. THREE BENEFITS. INCOME OPPORTUNITY GROWTH POTENTIAL OF EQUITY TAX EFFICIENCY
PRESENTING SBI EQUITY SAVINGS FUND: SBI Equity Savings Fund, is an open-ended equity scheme, which aims to generate income by investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and capital appreciation through a moderate exposure in equity. So your investment enjoys 3 benefits in one fund: income opportunity, the growth potential of equity and tax efficiency, as it is classified as an equity fund. PORTFOLIO CLASSIFICATION BY INDUSTRY ALLOCATION (%) Financial Services 29.76 Consumer Goods 10.18 Automobile 8.65 Energy 6.57 Metals 5.15 Margin Fixed Deposits 4.86 Services 4.58 IT 4.53 Cement & Cement Products 3.49 Pharma 3.20 Construction 2.80 Telecom 2.23 Healthcare Services 1.23 Textiles 1.08 Media And Entertainment 0.93 Fertilisers & Pesticides 0.70 Chemicals 0.68 Industrial Manufacturing 0.40 Futures -20.41 Cash And Other Receivables 22.78 CBLO 6.62 FUND DETAILS: Fund Manager: Mr. Neeraj Kumar (Arbitrage Portion) Managing Since: May 2015 Mr. Ruchit Mehta (Equity and Debt) Total Experience: Mr. Neeraj Kumar Over 20 years Mr. Ruchit Mehta Over 13 years Benchmark: Plans Available: Options: Minimum Investment: 30% in Nifty 50 + 70% of Crisil Liquid Fund Index Regular and Direct Growth and Dividend `1000/- and in multiples of `1 thereafter Additional Investment: `1000/- and in multiples of `1 thereafter Exit Load: For exit within 1 year from the date of allotment: For 9% of the investments Nil; For remaining investments 1.00% For exit after 1 year from the date of allotment Nil Entry Load: N.A. Data as on: November 30, 2017.
PORTFOLIO Stock Name (%) Of Total AUM HDFC Bank Ltd. 4.09 ITC Ltd. 2.45 Reliance Industries Ltd. 2.32 ICICI Bank Ltd. 2.16 HDFC Ltd. 2.02 Maruti Suzuki India Ltd. 1.95 Tata Motors Ltd. 1.89 Kotak Mahindra Bank Ltd. 1.70 Dewan Housing Finance Corporation Ltd. 1.59 Hero Motocorp Ltd. 1.58 Yes Bank Ltd. 1.53 State Bank Of India 1.48 Infosys Ltd. 1.47 Bharti Airtel Ltd. 1.47 Dixon Technologies (India) Ltd. 1.31 Fortis Healthcare Ltd. 1.23 Shriram Transport Finance Company Ltd. 1.22 HCL Technologies Ltd. 1.22 Aurobindo Pharma Ltd. 1.20 LIC Housing Finance Ltd. 1.14 Larsen & Toubro Ltd. 1.13 Grasim Industries Ltd. 1.10 Tata Consultancy Services Ltd. 0.99 ACC Ltd. 0.97 Hindustan Petroleum Corporation Ltd. 0.95 Motherson Sumi Systems Ltd. 0.94 Bajaj Finance Ltd. 0.91 Indian Terrain Fashions Ltd. 0.81 The Ramco Cements Ltd. 0.80 Reliance Infrastructure Ltd. 0.77 UPL Ltd. 0.70 Interglobe Aviation Ltd. 0.70 Hindustan Unilever Ltd. 0.69 Axis Bank Ltd. 0.69 Sun Pharmaceutical Industries Ltd. 0.68 Tata Chemicals Ltd. 0.68 Greenply Industries Ltd. 0.67 JSW Steel Ltd. 0.66 Muthoot Finance Ltd. 0.66 IndusInd Bank Ltd. 0.64 Gabriel India Ltd. 0.56 Petronet Lng Ltd. 0.55 Ujjivan Financial Services Ltd. 0.55 TV Today Network Ltd. 0.53 Tata Communications Ltd. 0.51 Reliance Capital Ltd. 0.51 Mahindra & Mahindra Ltd. 0.49 Tata Steel Ltd. 0.48 SREI Infrastructure Finance Ltd. 0.47 Coal India Ltd. 0.45 Colgate Palmolive (India) Ltd. 0.45 Apollo Tyres Ltd. 0.44 Procter & Gamble Hygiene And Health Care Ltd. 0.42 NTPC Ltd. 0.42 Vedanta Ltd. 0.42 Suzlon Energy Ltd. 0.40 Asian Paints Ltd. 0.39 Hindustan Zinc Ltd. 0.39 Oil & Natural Gas Corporation Ltd. 0.39 Strides Shasun Ltd. 0.38 Manpasand Beverages Ltd. 0.38 Reliance Nippon Life Asset Management Ltd. 0.35 Power Grid Corporation Of India Ltd. 0.34 Bajaj Auto Ltd. 0.34 Stock Name (%) Of Total AUM NIIT Technologies Ltd. 0.34 Wockhardt Ltd. 0.34 United Breweries Ltd. 0.33 Ultratech Cement Ltd. 0.33 Eicher Motors Ltd. 0.31 Indian Oil Corporation Ltd. 0.30 Bharat Petroleum Corporation Ltd. 0.30 Indiabulls Housing Finance Ltd. 0.30 United Spirits Ltd. 0.28 Wipro Ltd. 0.28 Bajaj Finserv Ltd. 0.27 Ganesha Ecosphere Ltd. 0.27 Hindalco Industries Ltd. 0.26 Bharti Infratel Ltd. 0.25 Adani Ports And Special Economic Zone Ltd. 0.24 Zee Entertainment Enterprises Ltd. 0.24 Dr. Reddy'S Laboratories Ltd. 0.23 Tech Mahindra Ltd. 0.23 Cipla Ltd. 0.23 Gail (India) Ltd. 0.23 Jubilant Foodworks Ltd. 0.17 Sun TV Network Ltd. 0.17 The Federal Bank Ltd. 0.16 Lupin Ltd. 0.15 Bosch Ltd. 0.14 Ambuja Cements Ltd. 0.14 The India Cements Ltd. 0.13 DLF Ltd. 0.11 IRB Infrastructure Developers Ltd. 0.10 IDFC Ltd. 0.10 Adani Enterprises Ltd. 0.09 Balrampur Chini Mills Ltd. 0.08 Multi Commodity ExchanGE Of India Ltd. 0.06 Manappuram Finance Ltd. 0.02 Century Textiles & Industries Ltd. 0.02 Equitas Holdings Ltd. 0.01 Equity Shares Total 68.97 Vedanta Ltd.(Preference Shares) 2.48 Preference Shares Total 2.48 AU Small Finance Bank Ltd. 3.40 Muthoot Finance Ltd. 1.74 Indiabulls Housing Finance Ltd. 1.46 Floreat Investments Ltd. 1.45 Equitas Small Finance Bank Ltd. 0.48 Vadodara Bharuch Tollway Ltd. 0.48 Blue Dart Express Ltd. 0.14 LIC Housing Finance Ltd. 0.05 Non Convertible Debentures Total 9.20 Essel Corporate Resources Pvt. Ltd. 2.94 Aditya Birla Retail Ltd. 2.55 Zero Coupon Bonds Total 5.50 HDFC Bank Ltd. 3.72 Axis Bank Ltd. 1.14 Margin Fixed Deposits Total 4.86 CBLO 6.62 Stock Futures Total -20.41 Cash & Other Receivables 22.78 Grand Total 100.00
ASSET ALLOCATION UNDER NORMAL CIRCUMSTANCES Instruments Equity and Equity-related Instruments including derivatives out of which: -Cash-future arbitrage: 15%-70% -Net long equity exposure: 20%-50% Debt* and Money Market Instruments (including margin for derivatives) Indicative Allocations (% of total assets) Minimum Maximum 65 90 10 35 Risk Profile High / Medium / Low Medium to High Low to Medium (i) The cumulative gross exposure through Equity and equity-related instruments including derivative position, debt and Money Market Instruments will not exceed 100% of the net assets of the scheme. (ii) *Exposure to domestic securitized debt may be to the extent of 20% of the net assets. (iii) The Scheme shall not invest in ADR / GDR / Foreign Securities / Foreign Securitized Debt. (iv) The Scheme shall invest in repo in corporate debt. (v) The Scheme shall not engage in stock lending. (vi) The Scheme shall not engage in short selling. The scheme shall follow an alternate asset allocation on defensive considerations when there are not adequate arbitrage opportunities available in the Derivative and Equity markets. Investors are advised to refer to the Scheme Information Document or Key Information Memorandum for more details. TAX EFFICIENCY Non-Equity Taxation Equity Taxation Gain required in non-equity tax product Amount of Investment 1,00,000 1,00,000 Assumed Pre-tax annualized return 9% 9% Gains / Interest Earned after 1 year 9,000 9,000 Amount at the end of 1 year 1,09,000 1,09,000 Taxable Gains / Income 9,000 9,000 Applicable Tax Rate* 34.61% 0% Tax Liability 3,115 0 Post Tax Gains / Income 5,885 9,000 Post Tax Annualised Yield 5.89% 9.00% To reproduce similar gains 1,00,000 14% 13,763 1,13,763 13,763 34.61% 4,763 9,000 9.00% * Assuming highest tax bracket & including surcharge & cess. The above table is only to illustrate the tax treatment of different types of funds and in no way should be construed as any indication of returns. Past performance may or may not be sustained in future. This calculation is based on prevailing tax laws and is applicable only in case of resident investors. Investors are advised to consult their tax / financial advisor before taking any investment decision. HOW DIFFERENT IS THIS FUND FROM OTHER STRATEGIES? Debt Hybrid Balanced Arbitrage Equity Savings Funds Funds Funds Funds Type of Scheme Debt Balanced Equity Equity Typical Equity Allocation Range (including equity derivatives) Cash Future Arbitrage Strategies followed <=35% >=50% >=65% >=65% X X Volatility Medium High Low Medium Equity Taxation* No May have Yes Yes
PERFORMANCE OF SBI EQUITY SAVINGS FUND SBI Equity Savings Fund Scheme Benchmark: - 30% Nifty 50 + 70% CRISIL Liquid Fund Index S&P BSE Sensex 11.66 11,166 N.A. N.A. N.A. N.A. 8.67 12,325 11.76 11,176 N.A. N.A. N.A. N.A. 7.84 12,090 24.37 12,437 N.A. N.A. N.A. N.A. 7.61 12,026 Inception Date 27-05-2015, Managing Since May - 2015 PERFORMANCE OF OTHER FUNDS MANAGED BY MR. RUCHIT MEHTA (JOINT FUND MANAGER OF SBI EQUITY SAVINGS FUND) FUNDS MANAGED BY MR. RUCHIT MEHTA JOINTLY WITH MR. DINESH AHUJA SBI Magnum Monthly Income Plan Scheme Benchmark: - CRISIL MIP Blended Fund Index CRISIL 10 Year Gilt Index 6.83 10,683 10.30 13,430 10.48 16,467 8.38 38,179 6.76 10,676 8.91 12,926 9.60 15,818 N.A. N.A. -0.14 9,986 8.47 12,770 7.53 14,381 N.A. N.A. Inception Date 09-04-2001, Managing Since July - 2011 SBI Regular Savings Fund- Reg Plan Scheme Benchmark: - CRISIL MIP Blended Fund Index CRISIL 10 Year Gilt Index 7.72 10,772 9.33 13,079 9.81 15,968 8.04 29,668 6.76 10,676 8.91 12,926 9.60 15,818 8.14 30,033-0.14 9,986 8.47 12,770 7.53 14,381 5.50 21,234 Inception Date 12-11-2003, Managing Since July - 2011 SBI Magnum Monthly Income Plan-Floater Scheme Benchmark: - CRISIL MIP Blended Index CRISIL 1 Year T-Bill Index 9.08 10,908 9.72 13,220 10.95 16,814 8.19 25,616 6.76 10,676 8.91 12,926 9.60 15,818 8.40 26,229 5.67 10,567 7.23 12,336 7.21 14,168 6.27 20,686 Inception Date 21-12-2005, Managing Since July - 2011 PERFORMANCE OF OTHER FUNDS MANAGED BY MR. NEERAJ KUMAR (JOINT FUND MANAGER OF SBI EQUITY SAVINGS FUND) SBI Arbitrage Opportunities Fund-Reg Plan Scheme Benchmark: - CRISIL Liquid Fund Index S&P BSE Sensex 5.43 10,543 6.42 12,058 7.34 14,255 7.46 22,198 6.62 10,662 7.51 12,435 8.14 14,794 7.54 22,387 24.37 12,437 4.92 11,553 11.37 17,140 8.72 25,246 Inception Date 03-11-2006, Managing Since Oct - 2012
NOTES: a. The details of the period since the Fund Manager is managing the scheme(s) & inception date are provided below the table. The total no. of schemes managed by Mr. Neeraj Kumar is 2 (1 scheme is jointly managed by Mr. Ruchit Mehta). The total no. of schemes managed by Mr. Ruchit Mehta are 4 (all are jointly managed). b. Different plans shall have a different expense structure. The performance details provided for SBI Equity Savings Fund is of Growth Option-Regular Plan. The performance details provided for SBI Equity Savings Fund, SBI Arbitrage Opportunities Fund, SBI Magnum Monthly Income Plan, SBI Magnum Monthly Income Plan Floater and SBI Regular Savings Fund, are of Growth Option-Regular Plan. In case of return calculated for the dividend option, it is assumed that dividend declared under the schemes has been reinvested at the prevailing NAV. c. Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other investments. d. Load is not considered for computation of returns. e. Period for which scheme s performance has been provided is computed basis last day of the month-end preceding the date of advertisement. In case, the start/end date of the concerned period is a non-business day, the NAV of the previous date is considered for computation of returns. f. Scheme count for the total schemes managed by the Fund Managers, does not include close ended schemes. g. SBI Equity Savings Fund has not completed 3 & 5 years period, hence the performance for such period is not provided. h. The data of the last working day has been considered for the calculation of performance i.e. November 30, 2017. WHY SHOULD YOU INVEST? Potential for Capital Appreciation Moderate exposure to equity allows the fund to participate in the long-term growth of equity markets. Income with medium volatility Net long exposure in the range of 20% 50%. Limited directional equity exposure reduces the volatility compared to regular equity funds. Regular Rebalancing Directional equity exposure in the range of 20% 50% ensures disciplined rebalancing. Tax Efficiency The fund is an equity fund for tax purposes*. * Investors are advised to consult their tax / financial advisor before taking any investment decision. Riskometer SBI Equity Savings Fund is suitable for investors who are seeking^: Regular income & capital appreciation. To generate income by investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and capital appreciation through a moderate exposure in equity. ^Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Distributed by: Toll-free: 1800 425 5425 SMS: SBIMF to 7065611100 Visit: www.sbimf.com Follow us: Mutual Fund investments are subject to market risks, read all scheme related documents carefully.