Product Labeling This product is suitable for investors who are seeking*: 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) *Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Table of Content Characteristics of Equity and Debt Portfolio Investors Conundrum & Solution SBI Magnum Monthly Income Plan SBI MMIP Asset allocation & Active Management Portfolio Holding Performance Regular Cash Flow & SWP Illustration Synopsis Annexures
% CAGR Returns % CAGR Returns Characteristics of Equity & Debt Portfolio CRISIL Composite Bond Fund Index (CCBFI) Vs BSE Sensex CAGR Returns during different market phases 7% 7% 7% CAGR Returns during different market phases 37% 4% 1% 13% Jan'04 - Dec'07 Jan'08 - Mar'09 Dec'10 - Dec'13 Jan'04 - May'17 Period Jan'04 - Dec'07-45% Jan'08 - Mar'09 Dec'10 - Dec'13 Jan'04 - May'17 Period Crisil composite bond fund index has delivered almost similar returns in various time period Sensex has relatively given high volatile returns during the period as illustrated above Under the different market phases & different investment horizon, debt asset class has given relatively stable return, which has added stability to investors net asset value But pure debt portfolio returns might not beat inflation. It is important to add a portion of equity to your debt portfolio to improve the performance over longer holding period. Source: BSE and MFI Explorer
Monthly standard deviation Monthly standard deviation Characteristics of Equity & Debt Portfolio CRISIL Composite Bond Fund Index (CCBFI) Vs BSE Sensex Voaltility during different market phases Voaltility during different market phases 6% 35% 4% 3% 22% 18% 23% 2% Jan'04 - Dec'07 Jan'08 - Mar'09 Dec'10 - Dec'13 Jan'04 - May'17 Period Jan'04 - Dec'07 Jan'08 - Mar'09 Dec'10 - Dec'13 Jan'04 - May'17 Period Crisil composite bond fund index is relatively less volatile BSE Sensex Index has been highly volatile with maximum in the period of Jan 08- Mar 09 Volatility of Debt asset class is relative low, in different market phases & different investment horizon But low volatility comes with low returns. Source: BSE and MFI Explorer
Characteristics of Equity & Debt Portfolio CRISIL Composite Bond Fund Index (CCBFI) Vs BSE Sensex CAGR Returns as on May 31, 2017 CAGR Returns as on May 31, 2017 17% 11% 11% 14% 9% 9% 1 Year 3 Year 5 Year Period 1 Year 3 Year 5 Year Period Crisil composite bond fund index has delivered almost similar returns in 1, 3 and 5 yr bases BSE Sensex has given a very volatile return in 1yr, 3 yr and 5 yr bases Equity returns are volatile. There are period of up-markets and down markets. Debt returns are less volatile and stable over long investment period. A hybrid portfolio of debt and equity gets stability from its debt component and growth opportunities from equity component. Source: BSE and MFI Explorer
Investors Conundrum So investors face a difficult task to choose between: Debt asset class which comes with relatively stable return & low volatility but might not beat inflation Equity asset class which can build wealth for investors but comes with high volatility The key is an efficient asset allocation between debt & equity asset classes
Indian Investor: Investment Pattern Risk averse investors Most of the investible surplus goes into bank and post office deposits Prefers to Play Safe and invest in debt instruments Still aspires for higher returns Reasons for such paradox Equity market volatile, high risk - high returns trade off Access to debt papers is limited Corporate debt inflation leading to volatility in interest rates Investors are willing to invest into equity markets but not at risk of high volatility
Investors Requirement : Low volatility investment solution Returns with Volatility Relatively steady returns Hybrid Fund A product that can captures both the opportunities Optimizing returns with low volatility
Presenting Product Labeling This product is suitable for investors who are seeking*: 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) *Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
In a Nut Shell: SBI Magnum Monthly Income Plan Portfolio Debt Portfolio Less Volatility Stable Returns Equity Portfolio Alpha Strategy Relatively High Volatility Highly Liquid Stocks Bottom Up Strategy Fund Strategy Investments under the fund will be a mix of debt, equity & money market instruments. Debt instruments is invested based on evaluation of macro-economic factors, market dynamics and issuer specific factors. Maximum exposure to equities is capped at 15% in the scheme. SBI MMIP invests across large, mid and Small-cap stocks.
SBI Magnum Monthly Income Plan 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. FUND FEATURES Date of Inception 09/04/2001 Benchmark Crisil MIP Blended Fund Index Fund Managers Mr. Ruchit Mehta Equity; Mr. Dinesh Ahuja Debt Exit Load For exit within 1 Year from date of allotment: For 10% of investments Nil; For remaining 1% For exit after 1 Year from date of allotment- Nil Investment Plans Direct Plan & Regular Plan Investment Options Growth Monthly, Quarterly & Annual Dividend (Payout, Re-investment & Transfer Facility) Investment Amount Minimum investments Rs. 5000 & in multiples of Re. 1 Additional investments Rs. 1000 & in multiples of Re. 1 SIP Rs. 500 / month 12 months Rs. 1000 / month 6 months Rs. 1500 / quarter 4 quarters
SBI Magnum Monthly Income Plan Fund Philosophy Invests in a mix of equity & debt securities QUANTITATIVE ANALYSIS* Exposure in equity is limited to 15% and exposure in debt & money market securities can be up to 100% Modified Duration 4.67 Debt portion is invested in investment grade securities with active duration management. Debt portfolio is manage in two parts viz. Core & Tactical Average Maturity 7.08 years Fund invests the equity portion across all market caps. Equity portion is managed as a welldiversified portfolio with tightly defined internal guidelines. Yield to Maturity 7.70% * As on May 31, 2017
SBI Magnum Monthly Income Plan Asset Allocation 15.0 15.3 14.2 13.64 14.77 13.6 14.48 13.83 13.37 14.06 13.96 14.06 2.2 2.0 3.2 3.05 30.4 26.43 33.59 33.19 5.09 7.35 31.5 30.87 16.89 28.9 14.04 27.22 24.00 2.14 27.10 6.60 7.58 27.81 24.36 29.91 52.5 56.2 49.0 50.12 48.64 48.18 39.73 44.91 32.72 56.70 51.63 54.00 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 SOV,AAA, AA+ and Equivalent Below AA+ NCA (Incl. Cash Deposits) Equity Data is for the respective month end Allocation between equity and debt & money market is stable
Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 SBI Magnum Monthly Income Plan Actively Managed Debt Portfolio Avg Maturity (In Years) 8.39 8.49 8.24 8.93 7.44 7.50 6.46 7.54 6.99 7.08 5.86 4.15 Debt portfolio is managed actively based on macro economic views & fundamental research Data is for the respective month end
May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 SBI Magnum Monthly Income Plan Actively managed equity portfolio Residual maturity breakup (in %) 19 18 24 28 37 42 50 33 40 30 26 25 15 2 11 7 8 8 7 8 8 15 19 17 18 18 16 10 6 2 0 2 20 2 2 2 3 3 6 7 31 4 12 21 0 18 7 7 21 33 16 11 16 20 2 0 24 14 22 33 12 14 2 18 29 14 17 2 8 Cash/CBLO/NCA Less than 1 year Between 1 to 3 years Between 3 to 5 years Between 5 to 10 years Above 10 years Data is for the respective month end Equity portfolio is managed actively based on fundamental research
Portfolio Holdings Top Equity Holdings % Of NAV UPL LTD. 0.78 ITC LTD. 0.78 SREI INFRASTRUCTURE FINANCE LTD. 0.74 KOTAK MAHINDRA BANK LTD. 0.73 THE RAMCO CEMENTS LTD. 0.73 TITAN COMPANY LTD. 0.72 STATE BANK OF INDIA 0.69 PETRONET LNG LTD. 0.69 MARUTI SUZUKI INDIA LTD. 0.64 INDIAN TERRAIN FASHIONS LTD. 0.63 CBLO, 4.54 SDL, 8.11 G-Sec, 15.14 Cash, 3.04 Equity, 14.07 NCD, 55.10 Data as on 31.05.2017
Performance 25.0 20.0 15.0 10.0 5.0 SBI Magnum Monthly Income Plan - Reg Plan - Growth Scheme Benchmark: - Crisil MIP Blended Index Additional Benchmark: - Crisil 10 Yr Gilt Index 0.0 31-Mar-2016 to 31- Mar-2017 31-Mar-2015 to 31- Mar-2016 31-Mar-2014 to 31- Mar-2015 Since Inception 31-Mar-2016 to 31-Mar-2017 31-Mar-2015 to 31-Mar-2016 Absolute Returns (%) 31-Mar-2014 to 31-Mar-2015 CAGR Returns (%) Since Inception PTP Returns (INR) SBI Magnum Monthly Income Plan 14.17 6.12 19.15 8.40 36286.37 Crisil MIP Blended Index (Scheme Benchmark) 12.30 5.67 16.45 N.A. N.A. Crisil 10 year Gilt Index (Additional Benchmark) 11.87 7.97 14.57 N.A. N.A. Past performance may or may not be sustained in future. Returns (in %) other than since inception are absolute, calculated for growth option and in INR are point-to-point (PTP) returns calculated on a standard investment of 10,000/-. Inception date of the scheme is 09/04/2001. NAV (Regular plan Growth option) 31-Mar-2013: INR 23.8065, 28-Mar- 2014: INR 25.1706, 31-Mar-2015: INR 30.0184, 31-Mar-2016: INR 31.8566. Additional benchmark as prescribed by SEBI for long-term debt schemes is used for comparison purposes. Please refer page no. 27-30 for the performance of other schemes managed by fund managers of the scheme; Data as on 31/03/2017
Regular Cash Flows Dividend Option Plan Name Record date Individual Corporate NAV Monthly Dividend Regular Plan 26-May-17 0.06 0.06 12.9093 Direct Plan 26-May-17 0.06 0.06 15.5891 Regular Plan 28-Apr-17 0.06 0.06 12.8108 Direct Plan 28-Apr-17 0.06 0.06 15.4472 Regular Plan 31-Mar-17 0.06 0.06 12.8024 Direct Plan 31-Mar-17 0.06 0.06 15.4140 Quarterly Dividend Regular Plan 24-Mar-17 0.20 0.20 12.5242 Direct Plan 24-Mar-17 0.20 0.20 13.5871 Regular Plan 30-Dec-16 0.20 0.20 12.3062 Direct Plan 30-Dec-16 0.20 0.20 13.3247 Regular Plan 30-Sep-16 0.20 0.20 12.3501 Direct Plan 30-Sep-16 0.20 0.20 13.3235 Annual Dividend Regular Plan 24-Mar-17 0.80 0.80 14.9604 Direct Plan 24-Mar-17 0.80 0.80 17.1046 Regular Plan 23-Mar-16 0.75 0.75 13.1919 Direct Plan 23-Mar-16 0.75 0.75 14.9221 Regular Plan 20-Mar-15 1.20 1.20 13.1654 Direct Plan 20-Mar-15 1.20 1.20 14.6305 Face value INR 10/-. Pursuant to payment of dividend,nav of Dividend option of schemes/plans would fall to the extent of pay out and statutory levy, if applicable.
Regular Cash Flows Growth Option From growth option investor can get the regular cash flow through Systematic Withdrawal Plan (SWP) facility Multiple frequency Weekly, Monthly, Quarterly, Half-yearly & Annual Multiple date option for Monthly, Quarterly, Half-yearly & Annual - 1st/5th/ 10th/15th/20th/25th/30th (For February, last business day) Back testing of SWP is given below: 10 Year SWP 5 Year SWP 3 Year SWP Date of Investment 30-Apr-07 30-Apr-12 30-Apr-14 Amount of Investment (INR) 2,000,000 2,000,000 2,000,000 Units Allotted 119,436 92,819 78,677 SWP Start Date 31-May-07 31-May-12 31-May-14 Enter SWP Amount (INR) 10,000 10,000 10,000 Report Date 31-May-17 31-May-17 31-May-17 No of SWP installments Completed 120 60 36 Amount Withdrawn through SWP (INR) 1,200,000 600,000 360,000 Principal Component (INR) 900,590 468,262 294,229 Interest Component (INR) 299,410 131,738 65,771 Units withdrawn through SWP 53,781 21,732 11,575 Balance Units Available 65,654 71,087 67,102 Value of Investment as on Report Date (INR) 2,433,901 2,635,292 2,487,581 Total value (amount withdrawn + current value of remaining units) 3,633,901 3,235,292 2,847,581 Return (CAGR) 7.67% 11.19% 13.11% Getting regular cash flow through SWP facility can be a tax efficient mode. In case of SWP, at the time of redemption of each instalment, investor need to pay STCG/LTCG tax only on the gains part and not on the invested amount. Over a period of time with market appreciation, in each SWP instalment, invested amount (principal) component decreases and growth/gains part increases. Thus it helps investor whereby over a period of time less principal amount is consumed and thereby allowing balance principal amount to grow further. Additionally after three years LTCG is taxed at 20% (plus applicable surcharge & cess) with indexation benefit.
Regular Cash Flows Growth Option SWP illustration Date NAV (Rs.) Amount (Rs.) Units transacted Balance units Cost of investment Taxable Profit Net Profit Value of balance Profit (Rs.) Tax (Rs.) (Rs.) (Rs.) (Rs.) units (Rs.) 30-Apr-14 25.42 2,000,000 78677 78,677 - - 31-May-14 26.02 (15,000) -576 78,100 14,655 345 345 107 238 2,032,104 31-Aug-14 27.03 (15,000) -555 77,545 14,109 891 891 275 616 2,095,751 30-Nov-14 28.49 (15,000) -526 77,019 13,382 1,618 1618 500 1118 2,194,534 28-Feb-15 29.87 (15,000) -502 76,517 12,767 2,233 2233 690 1543 2,285,234 28-May-15 30.11 (15,000) -498 76,019 12,665 2,335 2335 722 1613 2,288,690 28-Aug-15 30.68 (15,000) -489 75,530 12,430 2,570 2570 794 1776 2,316,876 28-Nov-15 31.16 (15,000) -481 75,048 12,236 2,764 2764 854 1910 2,338,727 28-Feb-16 30.83 (15,000) -487 74,562 12,368 2,632 2632 813 1819 2,298,714 28-May-16 32.59 (15,000) -460 74,101 11,700 3,300 3300 1020 2281 2,415,054 28-Aug-16 34.42 (15,000) -436 73,666 11,079 3,921 3921 1212 2709 2,535,356 28-Nov-16 35.68 (15,000) -420 73,245 10,686 4,314 4314 1333 2981 2,613,697 28-Feb-17 35.83 (15,000) -419 72,827 10,642 4,358 4358 1347 3012 2,609,501 28-May-17 37.02 (15,000) -405 72,421 10,301 4,699 1563 322 4377 2,680,808 28-Aug-17 37.56 (15,000) -399 72,022 10,151 4,849 1021 210 4638 2,705,343 28-Nov-17 37.56 (15,000) -399 71,623 10,151 4,849 1021 210 4638 2,690,343 28-Feb-18 37.56 (15,000) -399 71,223 10,151 4,849 1021 210 4638 2,675,343 28-May-18 37.56 (15,000) -399 70,824 10,151 4,849 1021 210 4638 2,660,343 28-Aug-18 37.56 (15,000) -399 70,425 10,151 4,849 452 93 4756 2,645,343 28-Nov-18 37.56 (15,000) -399 70,025 10,151 4,849 452 93 4756 2,630,343 31-May-17 37.07 70,025 2,595,939 Particulars Invested amount (Rs.) SWP amount (Rs.) Principal component (Rs.) Growth/Gains component (Rs.) Tax (Rs.) Tax as % of SWP Units Outstanding Value of investments (Rs.) Amount 2,000,000 225,000 179,322 45,678 10,409 4.63% 70025 2,595,939 Source: Internal data compilation. The above calculation is for illustration purpose only. SBIMF does not guarantee returns on investment to the investor in the scheme or those opting for SWP on their holding in the growth option. Valuation date December 31, 2016. In the above calculation it has been assumed that investor falls under highest tax bracket (i.e. 30%) and total income of the investor does not exceed R. 1 crore. Indexation has been done using the actual cost inflation index numbers. Gains on the redemption of units of mutual fund are treated as capital gains for income tax purpose. For non-equity oriented schemes, gains on the investments for less than 3 years are treated as short term capital gains (STCG) and gains on the investment above 3 years are treated as long term capital gains (LTCG). STCG are taxed at marginal tax rate applicable to the investor and LTCG are taxed at 20% (plus applicable surcharge & cess) with indexation benefit. At the time of the redemption of units, redemption amount comprises two parts. One is the invested amount and other is gains on the invested amount. STCG/LTCG tax are applicable only on the gains made on the redemption units. In case of Systematic Withdrawal Plan (SWP), at the time of redemption of each instalment, investor need to pay STCG/LTCG tax only on the gains part and not on the invested amount. Over a period of time with market appreciation, in each SWP instalment, invested amount (principal) component decreases and growth/gains part increases. Thus it helps investor whereby over a period of time less principal amount is consumed and thereby allowing balance principal amount to grow further. Additionally after three years LTCG is taxed at 20% (plus applicable surcharge & cess) with indexation benefit.
Synopsis A debt oriented hybrid scheme with allocation in equity up to 15% & balance in debt Backed by a robust investment management process Endeavour to bring both - Growth from equity and Stability from debt Active management within each asset class The equity portion is dynamically managed based on a bottom up approach. The debt portion is managed actively among government debt, corporate debt and money market instruments based on interest rate view, inflation & credit risk.
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Annexures
SBI Funds Management Private Limited India s premier and largest bank with over 200 years experience (Estd.: 1806) Asset base of USD 423 bn.* Pan-India network of ~23,010 branches and 56,930 ATM s as at end of September 2015 Servicing over 290 million customers Only Indian bank in Fortune 500 list; ranked among the top 100 banks in the world Global leader in asset management Backed by Credit Agricole and listed in Euronext Paris More than 2,000 institutional clients and distributors in 30 countries Over 100 million retail clients via its partner networks 985 bn AuM as at end of December 2015 63% 37% *Source: SBI Analyst Presentation as on end September 2015. USD 1 = INR 65.74 # Source : Amundi website as on end December 2015 24
SBI FM: Strengths Transforms To Experience 25 Established in 1987: A leading asset manager in India INR 1,57,025 Crores* AAUM in mutual funds Asset management across mutual funds, segregated managed accounts, domestic advisory & offshore advisory business Broad Investor Base AUM INR 1,53,884 Cr Multiple asset classes ranging from equities and debt, money market to ETFs and structured funds Investment team of 34 professionals with strong track record Broad customer base with over 40 lakh folios of individual, corporate and institutional investors Wide Distribution Network Extensive Product Range Experienced Investment Team * Quarterly average March, 2017
Biographies Mr. Navneet Munot - Chief Investment Officer Mr. Navneet Munot joined SBI Funds Management Pvt. Ltd. as Chief Investment Officer in Dec. 2008. Prior to SBIFM he was the Head of Multi Strategies fund at Morgan Stanley Investment Management before which he worked as the Chief Investment Officer (Fixed Income and Hybrid Funds) of Birla Sun Life Asset Management Company Ltd. Navneet has been associated with the financial services business of the Birla group for over 13 years and worked in various areas such as fixed income, equities and foreign exchange. His articles on matters related to financial markets have widely been published. Navneet holds a Masters in Commerce and is also a rank holder Chartered Accountant. He is a charter holder of Chartered Financial Analyst Institute, US and Chartered Alternative Analyst Institute, US. He has also done Financial Risk Management, FRM from Global Association of Risk Professionals (GARP). Mr. Ruchit Mehta Fund Manager Equity portion Ruchit joined SBIFM in 2010. Ruchit joins us from HSBC Asset Management where he was an analyst and assistant portfolio manager for four years. Prior to HSBC, Ruchit was as a sell side analyst with leading broking firms like ASK Raymond James and Prabhudas Liladhar for two years. Ruchit is a Commerce graduate from Mumbai University and holds Masters Degree in finance from Lancaster University, UK. He is also a Charter holder of the CFA Institute, USA. Mr. Dinesh Ahuja - Fund Manager Debt portion Dinesh joined SBI Funds Management Pvt. Ltd. as a fixed income portfolio manager in 2010. Prior to joining SBI Funds Management Pvt. Ltd. Dinesh was a portfolio manager at L&T Asset Management and Reliance Group for four years. Dinesh started his career in 1998 as a fixed income dealer on the sell side. Thereafter he worked in leading broking outfits for eight years before moving on the buy side in 2006. Dinesh is a commerce graduate and has completed his Masters in Management Studies from Mumbai University
Performance of other schemes managed by Mr. Dinesh Ahuja Managing since January, 2011 SBI Magnum Gilt Fund - Short Term - Growth 31-Mar- 2016 to 31- Mar-2017 31-Mar-2015 to 31-Mar- 2016 Absolute Returns (%) 31-Mar-2014 to 31-Mar- 2015 Since Inception CAGR Returns (%) PTP Returns (INR) 11.96 8.93 13.20 7.97 34,711 Managing since January, 2011 SBI Magnum Gilt Fund - Long Term - Growth 31-Mar- 2016 to 31- Mar-2017 31-Mar- 2015 to 31- Mar-2016 Absolute Returns (%) 31-Mar-2014 to 31-Mar- 2015 Since Inception CAGR Returns (%) PTP Returns (INR) 14.74 5.90 21.34 8.36 36,894 I Sec Si-BEX* 8.38 9.06 9.75 N.A. N.A. I Sec Li-BEX* 12.47 7.26 19.88 N.A. N.A. Crisil 1 Year T-Bill Index 7.15 7.69 8.74 6.31 26,994 Crisil 10 Year Gilt Index 11.87 7.97 14.57 N.A. N.A. *Returns for scheme benchmark index Isec and SI-BEX is calculated using CRISIL Fund Analyser Managing since January, 2011 31-Mar-2016 to 31-Mar- 2017 31-Mar- 2015 to 31- Mar-2016 Absolute Returns (%) 31-Mar- 2014 to 31- Mar-2015 Since Inception CAGR Returns (%) PTP Returns (INR) SBI Dynamic Bond Fund - Reg Plan - Growth 13.62 5.57 13.69 5.65 20,600 Crisil Composite Bond Fund Index 11.09 8.24 14.59 6.75 23,617 *Returns for scheme benchmark index I Sec and Li-BEX is calculated using CRISIL Fund Analyser SBI Regular Savings Fund Crisil MIP Blended Index 31-Mar- 2016 to 31-Mar- 2017 31-Mar- 2015 to 31- Mar-2016 Absolute Returns (%) 31-Mar- 2014 to 31-Mar- 2015 Since Inception CAGR Returns (%) PTP Returns (INR) 13.29 6.67 16.18 8.06 28,221 12.30 5.67 16.45 8.13 28,483 Crisil 10 Yr Gilt Index Crisil 10 Yr Gilt Index 11.87 7.97 14.57 5.80 20,995 11.87 7.97 14.57 5.72 21,074 Past performance may or may not be sustained in the future. Returns (in %) other than since inception are absolute calculated for growth option and in INR are point-to-point (PTP) returns calculated on a standard investment of 10, 000/-. Additional benchmark as prescribed by SEBI for long-term and short-term debt schemes is used for comparison purposes only. Performance calculated for regular plan.
Performance of schemes managed by Dinesh Ahuja Managing since January, 2011 Magnum Income Fund Crisil Composite Bond Fund Index Crisil 10 year Gilt Index 31-Mar-2016 to 31-Mar- 2017 31-Mar- 2015 to 31- Mar-2016 Absolute Returns (%) 31-Mar- 2014 to 31- Mar-2015 Since inception NAV has been assumed at Rs.10. Since Inception CAGR Returns (%) PTP Returns (INR) 12.71 5.86 13.09 7.86 40,132 11.09 8.24 14.59 N.A. N.A. 11.87 7.97 14.57 N.A. N.A. NAV of the Schemes Managing since July, 2011 31-Dec-2015 to 31-Dec- 2016 31-Dec-2014 to 31-Dec- 2015 Scheme Name Absolute Returns (%) SBI Magnum MIP - Floater Growth Crisil MIP Blended Index 31-Dec-2013 to 31-Dec- 2014 Since Inception CAGR Returns (%) PTP Returns (INR) 11.42 7.50 18.52 8.15 24192 12.30 5.67 16.45 8.41 24876 Crisil 1 Yr T-Bill Index 7.15 7.69 8.74 6.30 19929 Scheme Name 31-Mar-14 31-Mar-15 31-Mar-16 31-Mar-17 SBI Corporate Bond Fund - Growth 19.6494 21.8093 23.8333 26.2086 SBI Dynamic Bond Fund - Growth 15.1043 17.1727 18.1288 20.5979 SBI Equity Savings Fund - Reg - Growth N.A. N.A. 10.4162 11.5373 SBI Magnum Balanced Fund - Growth 66.1133 94.9637 94.7017 109.1553 SBI Magnum Gilt LTP - Growth 25.0246 30.3645 32.1573 36.8972 SBI Magnum Gilt STP - Growth 25.2424 28.5746 31.1272 34.8494 SBI Magnum Income Fund - Growth 29.9174 33.8345 35.8163 40.3685 SBI Magnum MIP - Floater - Growth 17.0401 20.1965 21.7115 24.1917 SBI Magnum MIP - Growth 25.1929 30.0184 31.8566 36.3691 SBI Regular Savings Fund - Growth 20.1442 23.4027 24.9638 28.2815
Disclaimer Mutual Fund investments are subject to market risks, read all scheme related documents carefully. This presentation is for information purposes only and is not an offer to sell or a solicitation to buy any mutual fund units/securities. These views alone are not sufficient and should not be used for the development or implementation of an investment strategy. It should not be construed as investment advice to any party. All opinions and estimates included here constitute our view as of this date and are subject to change without notice. Neither SBI Funds Management Private Limited, nor any person connected with it, accepts any liability arising from the use of this information. The recipient of this material should rely on their investigations and take their own professional advice