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MAGNUM SECTOR FUNDS UMBRELLA

Abridged Annual Report 2011-12 1

REPORT OF THE BOARD OF DIRECTORS OF SBI MUTUAL FUND TRUSTEE COMPANY

PRIVATE LIMITED FOR THE YEAR 2011-12The Directors of SBI Mutual Fund Trustee Company Private Limited are pleased to present the Audited Accounts in respect of the schemes of SBI Mutual

Fund for the year ended 31st March, 2012. The scheme-wise financial statements for the year 2011-12, are enclosed with the report of the auditors. The

significant accounting policies through which the financial statements of the schemes are drawn and the explanatory notes to accounts of each of the

schemes are also attached. The financial statements have been prepared as per the SEBI (Mutual Fund) Regulations 1996, in the manner required and

exhibit true and fair view of the operating results.

1. SCHEME PERFORMANCE, FUTURE OUTLOOK AND OPERATIONS OF THE SCHEMES

Magnum Sector Funds Umbrella - FMCG Fund has generated a return of 26.63% (31st March 2011 to 31st March 2012) as compared to a return of

24.94% for its benchmark. (BSE FMCG Index). The fund has outperformed the benchmark due to overweight on VST Industries, TTK Prestige, Marico

and underweight on United Spirits and Dabur.

Magnum Sector Funds Umbrella - IT Fund has generated a return of (3.15%) (31st March 2011 to 31st March 2012) as compared to a return of (7.12%)

for its benchmark (BSE IT Index). The outperformance was driven by higher allocation to midcaps and prudent stock selection among large-caps.

Magnum Sector Funds Umbrella - Pharma Fund has generated a return of 9.66% (31st March 2011 to 31st March 2012) as compared to a return of

10.00% for its benchmark (BSE Healthcare Index). Though, the fund benefited from positive active exposure in Ipca, Divis, Strides and from holding

Lupin, the fund underperformed the benchmark from being underweight Sun Pharma, GSK Pharma and Ranabxy.

Magnum Sector Funds Umbrella - Contra Fund has generated a return of (7.15%) (31st March 2011 to 31st March 2012) as compared to a return of

(9.23%) for its benchmark (BSE100). The fund has outperformed the benchmark primarily due to its active underweight on Financials and IT and the

overweight on Consumers; stock specific, the under-weight in L&T, Reliance and Infosys were the key contributors.

Magnum Sector Funds Umbrella - Emerging Business Fund has generated a return of 12.35% (31st March 2011 to 31st March 2012) as compared to a

return of (9.11%) for its benchmark (BSE500). The portfolio did very well primarily on account of stock selection, top attributors being Page Industries,

Hawkins and Goodyear India.

Name of Scheme Latest Latest Latest Latest Since6 Months 1 Year 3 Years 5 Years Inception

Magnum Sector Funds Umbrella - FMCG 15.31 26.63 42.77 23.13 13.57

Benchmark : BSE FMCG 14.90 24.94 30.19 20.88 10.31

Magnum Sector Funds Umbrella - IT 15.58 (3.15) 42.88 (0.35) 12.36

Benchmark : BSE IT 15.29 (7.12) 38.57 4.41 12.43

Magnum Sector Funds Umbrella - Pharma - Growth 11.23 9.66 39.49 7.24 11.22

Benchmark : BSE-HC 12.92 10.00 32.78 12.65 11.25Dividend 11.24 9.70 39.56 7.32 15.40

Benchmark : BSE-HC 12.92 10.00 32.78 12.65 13.40

Magnum Sector Funds Umbrella - Contra - Growth 6.28 (7.15) 20.26 7.74 18.09

Benchmark : BSE100 6.40 (9.23) 22.85 6.82 15.25

Dividend 6.29 (7.16) 20.26 7.73 22.65

Benchmark : BSE100 6.40 (9.23) 22.85 6.82 12.58

Magnum Sector Funds Umbrella - Emerging Business Fund - Growth 3.41 12.35 47.73 9.92 21.91

Benchmark : BSE 500 5.85 (9.11) 24.26 6.40 15.18

FUTURE OUTLOOK:

EQUITY OUTLOOK:

As the Murphys law says, anything that can go wrong will go wrong. India was a classic example of this. Sticky inflation, depreciating currency and

rising interest rates coupled with policy inaction and execution failure led to a poor performance by Indian capital markets during FY 2012. Corporate

profitability took a major hit further impacting asset creation. Political situation remained worrisome which put the whole policy making in jeopardy.Headwinds from overseas markets, mostly fuelled by debt crisis in Europe, were also the key triggers for the poor performance of stock markets in India.

Corporate profitability is likely to remain depressed in the near future given the higher input costs, wages, interest rates, steep depreciation in currency

and higher competitive intensity. With a hazy outlook and depressed profitability, corporate India seems reluctant to commit new capital locally. Most

of the capex has been stalled, delayed or suspended. The situation will certainly put to test Indian corporates wherewithal to navigate this challenging

business environment.

The economy cannot afford continuance of sticky inflation, rising interest rates and a weaker currency. While demand is an addressable issue with

marginal stretch from the policy side it is the governance that needs to step-up its response to the glaring supply gap on most of the input parameters.

One can expect a tactical readjustment by polity to get the structural India story back on track sooner. There exists a possibility of an outlier blue-swan

of synchronized occurrence of favorable events like softened interest rates, global commodities and reversal of the currency slide (they all have high

interlinks).

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In Todays pain lies tomorrows gain. We expect this period to offer a good opportunity to investors to participate in the long term India story. In this

scenario we prefer to focus on bottom up stock picking with core beliefs in terms of quality (business, management, and cash flows), prudence (on cash

utilization) and agility (in terms of timing and allocation). We prefer to look for businesses with strong franchise value, large consumption compulsioncanvass opportunity and penetration potential. We also remain alert to opportunities that provide tactical returns on Asset plays at attractive valuations

and rate sensitives given impending policy response. We recommend investors to maintain the discipline of asset allocation and use the downturn in

equity market as an opportunity to gradually build exposure.

FIXED INCOME OUTLOOK & STRATEGY:

Long term funds

We have been maintaining a conservative duration strategy in the long term funds and MIPs on account of:

Supply issues which are likely to dominate as the borrowing is front loaded with 65% of borrowing in the first half of FY13. Gross supply in Q1

is ` 1,88,000 crs and redemptions are ` 60,574 crs.

Weaker rupee and international crude oil price movements & its pass through would continue to be the main variable affecting the domestic

inflation/ policy rates trajectory.

Over the coming year, we expect policy rates to be reduced, but in a gradual/ sequenced manner enabling yields to move lower.

We would continue with our trading strategy with moderately invested positions in government bonds and would look to build in duration with

more clarity on the rate cycle. MIPs and Balanced Fund would focus to have a core portfolio of corporate credit (1-3 year segment) and CDs which have been available at

attractive spreads and provide high accrual and roll down.

Short term funds/ Money market funds

Money market schemes have repriced the portfolios aggressively during the month with investments predominantly in CDs. We anticipate that

rates could trend down in the beginning of the new fiscal year due to net infusion of liquidity via government spending and bond maturities.

The mark to market exposure in Ultra Short would be around 10% considering the attractive levels and on expectations of easing liquidity leading

to mark to market gains.

The new fair valuation norms eventually could result in average maturities moving down in the liquid category and also repositioning of funds on

maturity profiles.

Short term fund with positioning largely in the 9mth-1 yr CD and short term bonds in the AAA segment could benefit substantially on reduction

in liquidity premium.

Money market funds would focus on generating consistent returns and would strive to contain volatility. Particular emphasis will be laid on security /

portfolio liquidity and credit quality.

Operations of the schemes

SBI Mutual Fund manages 28 open ended and 11 close ended schemes, out of which 17 are equity schemes (2 close ended),1 balance scheme, 2 liquid

schemes,1 gilt scheme,16 debt schemes (9 close ended) and 1 Gold ETF scheme & 1 Gold Fund scheme.

SBI Mutual Fund continues to hold certain securities which were sold by it but these have not been got transferred by the buyers in their names. These

securities do not belong to SBIMF, but are held on behalf of the unknown buyers and not as Owners/Investors. Such securities are transferred to the

buyers against claims after establishing the genuineness of the claim. The market value of such securities as on 31st March 2012 is ` 14.89 crore.

2. BRIEF BACKGROUND OF SPONSORS, TRUST, TRUSTEE CO. AND AMC CO.

a. State Bank of India

SBI Mutual Fund is sponsored by State Bank of India, the largest public sector bank in India. The Sponsor is the Settler of the Mutual Fund Trust.

The Sponsor has entrusted a sum of ` 5 Lakhs to the Trustee as the initial contribution towards the corpus of the Mutual Fund.

The State Bank of India SBI having its Corporate Office at State Bank Bhavan, Madame Cama Road, Mumbai - 400 021, is the largest public sector

bank in India with 14,097 branches in India and 173 offices in 34 countries worldwide. SBI also has 5 Banking Subsidiaries in addition to other non-

banking subsidiaries in India. State Bank of India holds 63% stake in SBI Funds Management Private Limited.

Financial Performance of the SBI (Sponsor) {past three years}:

Particulars 2012 2011 2010

Net Worth (` Cr.)(Paid up Capital and Reserves & Surplus) 83,951 64,986 65,949.00

Total Income (` Cr.) 1,20,873 97,219 85,962.00

Net Profit (` Cr.) 11,707 8,265 9,166.00

b. SBI Mutual Fund

SBI Mutual Fund ( SBIMF) was set up as a Trust by the settlers, State Bank of India on June 29, 1987 with SBI Mutual Fund Trustee Company Private

Limited (The Trustee Company) as a Trustee in accordance with the provisions of the Indian Trust Act,1882 and is duly registered under the

Registration Act, 1908. The Trustee has entered into an Investment Management Agreement dated May 14, 1993 and also a supplemental thereto

on April 28, 2003, which was replaced by Restated and Amended Investment Management Agreement December 29, 2004 with SBI Funds

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Management Private Ltd. (the AMC) to function as the investment Manager for all the Schemes of SBI MF. SBI MF was registered with SEBI on

December 23, 1993 under Registration Code MF-009/93/3.

c. SBI Mutual Fund Trustee Company Private Limited

The Trustee is the exclusive owner of the Trust Fund and holds the same in trust for the benefit of the unit holders. The Trustee has been

discharging its duties and carrying out the responsibilities as provided in the Regulations and the Trust Deed. The Trustee seeks to ensure that

the Fund and the Schemes floated there under are managed by the AMC in accordance with the Trust Deed, the Regulations, directions and

guidelines issued by the SEBI, the Stock Exchanges, the Association of Mutual Funds in India and other regulatory agencies.

d. SBI Funds Management Private Limited

SBI Funds Management Private Limited (SBIFMPL) is a private limited company incorporated under the Companies Act, 1956 on February 17,

1992, having its Registered Office at 191, Maker Tower E, 19th Floor, Cuffe Parade, Mumbai 400 005. SBIFMPL has been appointed as the Asset

Management Company of the SBI Mutual Fund by the Trustee vide Investment Management Agreement (IMA) dated May 14, 1993 and also a

supplemental thereto on April 28, 2003 and the same have been replaced by Restated and Amended Investment Management Agreement entered

into between SBIMFTCPL and SBIFMPL on December 29, 2004.

As per the audited accounts on 31st March, 2012, the authorized and paid-up capital of the AMC was `50 crores and the Networth of the AMC was

` 304.39 Crores. SBI FMPL is a joint venture between State Bank of India (SBI) and Amundi India Holding (AMUNDI), a leading European asset

management company. A shareholder agreement in this regard has been entered on April 13, 2011 amongst SBI & AMUNDI. Accordingly, SBI

currently holds 63% stake in SBI FMPL and the 37% stake is held by AMUNDI through Amundi India Holding. AMUNDI shall provide strategic

support to the Company. SBI & AMUNDI shall jointly develop the Company as an asset management company of international repute by adopting

global best practices and maintaining international standards.

In terms of Investment Management Agreement, SBIFMPL has assumed the day to day investment management of the fund and in that capacity

makes investment decisions and manages the SBI Mutual Fund Schemes in accordance with the scheme objectives, Trust Deed, provisions of

Investment Management Agreement and SEBI Regulations & Guidelines.

In addition to the investment management activity, SBI Funds Management Private Limited has also been granted a certificate of registration as a

Portfolio Manager with Registration Code INP000000852. SEBI has renewed the certificate for a period from January 16, 2010 to January 15, 2013.

Apart from this SBI Funds Management Private Limited has received an In-principle approval from SEBI for SBI Resurgent India Opportunities

Fund (Offshore Fund) vide letter no. IMD/RK/53940/2005 dated November 16, 2005.

The AMC certifies that there would be no conflict of interest between the Asset Management activity and these other activities.

3. INVESTMENT OBJECTIVES, BASIS AND POLICY OF INVESTMENT OF THE SCHEMES


Objective:

An open-ended Growth Scheme, the investment objective is to provide the investors maximum growth opportunity through equity investments in

stocks of growth oriented secto`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 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.

Magnum Sector Funds Umbrella (MSFU) - An open-ended scheme in which there are five sub-funds, viz. Information Technology (IT), Pharmaceuticals

(Pharma), Fast Moving Consumer Goods (FMCG) and a Contra subfund - investing in stocks currently out of favour and Emerging Businesses Fund (EBF)

is currently invested in high conviction stocks, with a bottom up strategy. The fund has no restriction in terms of market cap of the stocks. It is positioned

as a high risk-high return fund. The endeavor is to relate value for investors through early identification of stocks that are likely to outperform in the

future. It is extremely important for investors to stay invested in the fund long enough to benefit from the growth in the components of the portfolio.

Accordingly, investors can chose to invest in one or more of the five subfunds.

The sector specific funds (IT, FMCG and Pharma) focus on stock selection within the sector by identifying the potential outliers within the sector to

maximize returns relative to the respective sectoral benchmarks. The Contra fund takes contrarian approach by investing in sectors/stocks which are

under owned or have underperformed the broader market, but has good fundamental/valuation support and are expected to turnaround in the medium

term.

Magnum Sector Funds Umbrella IT

Launch Date : June 04, 1999.

As on 31.03.12

Unit NAV : ` 23.39

Corpus : ` 18.37 crores

Total assets under management:`42.97 crores.

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Magnum Sector Funds Umbrella Pharma

Launch Date : June 04, 1999.

Growth Option: December 31, 2004.

As on 31.03.12

Unit NAV:

Dividend Option : ` 39.54

Growth Option : ` 47.84


Total assets under management: ` 41.33 crores.

Magnum Sector Funds Umbrella Contra

Launch Date : June 04, 1999

Growth Option- May 06, 2005.

As on 31.03.12Unit NAV:

Dividend Option : `16.95

Growth Option : `51.62


Total assets under management:` 2766.64 crores.

Magnum Sector Funds Umbrella FMCG

Launch Date: June 04, 1999.

As on 31.03.12

Unit NAV : ` 37.05

Corpus : ` 19.29 crores.


Magnum Sector Funds Umbrella EBF

Launch Date : August 23, 2004

As on 31.03.12

Unit NAV:

Dividend Option: ` 14.37

Growth Option : ` 44.54



4. SIGNIFICANT ACCOUNTING POLICIES: ACCOUNTING POLICIES ARE IN ACCORDANCE WITH SECURITIES & EXCHANGE

BOARD OF INDIA (MUTUAL FUND) REGULATIONS 1996.

5. UNCLAIMED DIVIDENDS & REDEMPTIONS

Summary of No. of Investors & Corresponding amount scheme wise:

Unclaimed Dividends Unclaimed Redemptions

Scheme No. of Investors Amount (`````) No. of Investors Amount (`````)

MAGNUM SECTOR FUNDS UMBRELLA - FMCG 56 239,389.78 23 325,863.09

MAGNUM SECTOR FUNDS UMBRELLA - IT 1715 3,741,484.49 240 2,055,340.90

MAGNUM SECTOR FUNDS UMBRELLA-PHARMA 741 1,716,293.42 35 391,923.26

MAGNUM SECTOR FUNDS UMBRELLA-CONTRA 2898 11,208,975.32 243 3,828,443.65

MAGNUM SECTOR FUNDS UMBRELLA-EMERGING BUSINESS FUND 802 2,268,647.07 132 2,623,422.67

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6. REDRESSAL OF COMPLAINTS RECEIVED AGAINST MUTUAL FUNDS (MFS) DURING 2011 -2012

SBI Funds Management Private Limited : Total Number of Folios : 52,05,329 as on 31.3.2012

Complaint Type of (a) No. of (b) No. of Action on (a) and (b)Code Complaint # complaints complaints

pending received Resolved Non Pendingat the during the Actionable*

beginning yearof the year

within 30 - 60 60 - 180 Beyond 0-3 3-6 6-9 9-1230 days days days 180 days months months months months

I A Non receipt of Dividend of Units 1 87 88

I B Interest on delayed payment of dividend 3 3

IC Non receipt of Redemption Proceeds 89 87 2

ID Interest on delayed payment of Redemption 9 9

I I A Non receipt of Statement of Account / 80 79 1Unit Certificate

I I B Discrepancy in Statement of Account 1 1

I I C Non receipt of Annual Report /Abridged Summary

I II A Wrong switch between Schemes 1 1

I II B Unauthorized switch between schemes

I II C Deviation from Scheme attributes

I II D Wrong or excess charges / load

III E Non updation of changes viz. address, 2 3976 3978PAN, bank details, nominations, etc

IV Others 268 262 6

Total 3 4514 4508 9

# including against its authorized persons / distributors / employees, etc.

* Non actionable means the complaint that are incomplete / outside the scope of the mutual fund

7. STATUTORY INFORMATION:

a. The Sponsors are not responsible or liable for any loss resulting from the operation of the schemes of the Fund beyond their initial contribution( to the extent contributed) of ` 5 lakhs for setting up the Fund, and such other accretions / additions to the same.

b. The price and redemption value of the units, and income from them, can go up as well as down with fluctuations in the market value of itsunderlying investments in securities or fair value in underlying real estate asset, as the case may be.

c. The Abridged Annual Report has been extracted from the Audited Balance Sheet, Revenue Account and Notes to Accounts. The full Annual Reportis disclosed on our website (www.sbimf.com) and is available for inspection at the Head Office of Mutual Fund. The present and prospective unitholders can obtain a copy of the Trust Deed, the full Annual Report of the Fund/AMC and the text of the relevant scheme at a price.

PROXY VOTING

The general voting policies and procedures of SBI Funds Management Pvt Limited for the Schemes of SBI Mutual Fund and the actual exercise of votesin the general meetings of investee companies for financial year 2011-12 have been disclosed on our website (www.sbimf.com) and in the full AnnualReport for financial year 2011-12.

LIABILITY AND RESPONSIBILITY OF TRUSTEE AND SETTLER

The main responsibility of the Trustee is to safeguard the interest of the Unit holders and inter-alia ensure that SBI Funds Management Pvt. Ltd. (SBIFM)functions in the interest of the investors and in accordance of the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, theprovisions of the Trust Deed and the Scheme Information Document of the respective schemes. From the information provided to the Trustee and thereviews the Trustee has undertaken, the Trustee believes SBIFM has operated in the interest of the Unit holders.`

The settler is not responsible or liable for any loss or shortfall resulting from the operation of the Schemes beyond the initial contribution of ` 5 lacsmade by it towards setting of SBI Mutual Fund.

ACKNOWLEDGEMENT

The Directors take this opportunity to express their gratitude for the continued support and co-operation extended by the State Bank of India, AMUNDI,the Registrars & Transfer Agents, the Custodians, the Collecting Banks, Government Agencies, Auditors, SEBI, AMFI, the Board of Directors of SBI FundsManagement Private Limited, market intermediaries and the large body of investors in various schemes of the Fund.

For and on behalf of the Board of DirectorsSBI Mutual Fund Trustee Company Pvt. Ltd.

Sd/-Place : Mumbai Shriniwas JoshiDate : June 20, 2012 (Director)

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FINANCIAL STATEMENTS MARCH 31, 2012 TOGETHER WITH AUDITOR'S REPORT

To the Board of Directors of

SBI MUTUAL FUND TRUSTEE COMPANY PRIVATE LIMITED - MAGNUM SECTOR FUNDS UMBRELLA

1. We have audited the attached Balance Sheet of Magnum Sector Funds Umbrella, (the Scheme) of the SBI Mutual Fund (the Fund) as at March 31,

2012, the Revenue Account and Cash Flow Statement for the year ended on that date annexed thereto. These financial statements are the

responsibility of the managements of the Trustees and the Asset Management Companies. Our responsibility is to express an opinion on these

financial statements based on our audit.

2. We conducted our audit in accordance with generally accepted auditing standards in India. Those standards require that we plan and perform the

audit to obtain reasonable assurance about whether the financial statements are free of material misstatements. An audit includes examining, on

a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting

principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that

our audit provides a reasonable basis for our opinion.

3. We report that:

i) We have obtained all information and explanations, which, to the best of our knowledge and belief were necessary for the purpose of our

audit.

ii) The Balance Sheet and the Revenue Account dealt with by this report are in agreement with the books of accounts of the scheme and are inaccordance with the accounting policies and standards as specified in Ninth schedule to the Securities and Exchange Board of India (Mutual

Funds) Regulations, 1996.

iii) In our opinion, valuation method for Non Traded Securities, adopted by the scheme are fair and reasonable.

iv) In our opinion and to the best of our information and according to the explanation given to us, the said accounts read together with the notes

thereon, gives a true and fair view in conformity with the accounting principles generally accepted in India:

a. In case of the Balance Sheet, of the state of affairs of the Scheme as at March 31, 2012;

b. In case of Revenue Account, of the surplus/(deficit) of the scheme for the year ended on March 31, 2012; and

c. In the case of Cash Flow Statement, of the cash flow of the scheme for the year ended on March 31, 2012.

For Chandabhoy & JassoobhoyChartered Accountants

Firm Regn. No.: 101647W

Place : Mumbai Samir M. Chinoy

Date : June 20, 2012 (Partner)

Membership No.: F 40853

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ABRIDGEDBALANCESHEET

ASATMARCH31,2012

AsatMarch31,2012

AsatMarch31,2011

(`````inLakhs)

(`````inLakhs)

FMCG

ITFund

Pharma

Con

tra

Emerging

TOTAL

FMCG

IT

Fund

Pharma

Contra

Emerging

T

OTAL

Fund

Fund

Fu

nd

Business

Fund

Fund

Fund

Business

Fund

Fund

LIABILITIES

1

UnitCapital

1,929

1,837

988

93,6

71

23,791

1,22,216

1,231

2,082

1,038

92,540

16,574

1,1

3,465

2

Reserves&Surplus

2.1

UnitPremiumReserves

3,222

1,044

624

77,2

86

19,963

1,02,139

1,811

1,358

561

79,140

7,814

9

0,684

2.2

UnrealisedAppreciation

Reserve

1,141

1,150

856

4,3

77

3,751

11,275

498

2,183

772

29,616

1,885

3

4,953

2.3

OtherReserves

853

266

1,665

1,01,3

30

7,212

1,11,326

61

(596)

1,537

1,18,710

7,422

1,2

7,134

3

Loans&Borrowings

-

-

-

-

-

-

-

-

-

-

-

-

4

CurrentLiabilities&Provisions

4.1

ProvisionfordoubtfulIncome/

Deposits

0

-

-

-

-

0

0

-

-

-

-

0

4.2

OtherCurrentLiabilities

&Provisions

69

205

95

2,2

17

2,695

5,281

62

196

62

4,589

672

5,582

TOTAL

7,214

4,502

4,228

2,78,8

81

57,412

3,52,237

3,664

5,223

3,970

3,24,595

34,367

3,7

1,819

ASSETS

1

Investments

1.1.

ListedSecurities:

1.1.1

EquityShares

7,044

4,118

4,038

2,69,9

54

45,619

3,30,773

3,477

4,802

3,705

3,06,954

30,621

3,4

9,558

1.1.2

PreferenceShares

-

-

-

-

-

-

-

-

-

-

-

-

1.1.3

EquityLinked

Debentures

-

-

-

-

-

-

-

-

-

1,898

-

1,898

1.1.4

OtherDebentures

&Bonds

-

-

-

-

-

-

-

-

-

-

-

-

1.1.5

SecuritisedDebt

securities

-

-

-

-

-

-

-

-

-

-

-

-

1.2

SecuritiesAwaitedListing:

1.2.1

EquityShares

-

-

-

-

-

-

-

-

-

176

-

176

1.2.2

PreferenceShares

-

-

-

-

-

-

-

-

-

-

-

-

1.2.3

EquityLinked

Debentures

-

-

-

-

-

-

-

-

-

-

-

-

1.2.4

OtherDebentures

&Bonds

-

-

-

-

-

-

-

-

-

-

-

-

1.2.5

SecuritisedDebt

securities

-

-

-

-

-

-

-

-

-

-

-

-

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NotestoAccounts-AnnexureI

1.3

UnlistedSecurities

1.3.1

EquityShares

-

0

-

84

-

84

-

0

-

0

-

0

1.3.2

PreferenceShares

-

-

-

-

-

-

-

-

-

-

-

-

1.3.3

EquityLinkedDebentures-

-

-

-

-

-

-

-

-

-

-

-

1.3.4

OtherDebentures&

Bonds

-

-

-

-

-

-

-

-

11

-

-

11

1.3.5

SecuritisedDebt

securities

-

-

-

-

-

-

-

-

-

-

-

-

1.4

GovernmentSecurities

-

-

-

-

-

-

-

-

-

-

-

-

1.5

TreasuryBills

-

-

-

-

-

-

-

-

-

-

-

-

1.6

CommercialPaper

-

-

-

1,4

94

-

1,494

-

-

-

-

-

-

1.7

CertificateofDeposits

-

-

-

5,2

01

(0)

5,201

-

-

-

9,787

1,986

1

1,773

1.8

BillRediscounting

-

-

-

-

-

-

-

-

-

-

-

-

1.9

UnitsofDomestic

MutualFund

-

-

-

-

-

-

-

-

-

-

-

-

1.10

ForeignSecurities

-

-

-

-

-

-

-

-

-

-

-

-

1.11

Gold

-

-

-

-

-

-

-

-

-

-

-

-

TotalInvestments

7,044

4,118

4,038

2,76,7

33

45,619

3,37,553

3,477

4,802

3,716

3,18,815

32,607

3,6

3,416

2

Deposits

2

4

2

1

1,890

1,898

2

4

2

1

-

8

3

OtherCurrentAssets

3.1

Cash&BankBalance

18

76

48

6

55

352

1,149

166

417

242

1,757

1,239

3,821

3.2

CBLO/ReverseRepoLending

5

302

139

5

45

8,576

9,567

(0)

-

-

-

-

(0)

3.3

Others

145

2

1

9

47

975

2,070

19

0

10

4,022

521

4,573

4

DeferredRevenueExpenditure

-

-

-

-

-

-

-

-

-

-

-

-

(totheextentnotwrittenoff)

TOTAL

7,214

4,502

4,228

2,78,8

81

57,412

3,52,237

3,663

5,223

3,970

3,24,595

34,367

3,7

1,819

AsatMarch31,2012

AsatMarch31,2011

(`````inLakhs)

(`````inLakhs)

FMCG

ITFund

Pharma

Con

tra

Emerging

TOTAL

FMCG

IT

Fund

Pharma

Contra

Emerging

T

OTAL

Fund

Fund

Fu

nd

Business

Fund

Fund

Fund

Business

Fund

Fund

7/31/2019 MSFU

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ABRIDGEDREVENUEACCOUNT

FORTHEYEARENDEDMARC

H31,2012

FortheYearendedMarch3

1,2012

FortheYearendedMarch31,2011

(`````inLakhs)

(`````inLakhs)

FMCG

ITFund

Pharma

Con

tra

Emerging

TOTAL

FMCG

IT

Fund

Pharma

Contra

Emerging

T

OTAL

Fund

Fund

Fu

nd

Business

Fund

Fund

Fund

Business

Fund

Fund

1

INCOME

1.1

Dividend

83

61

35

3,1

75

552

3,906

37

94

50

4,963

280

5,424

1.2

Interest

18

25

10

1,3

47

372

1,772

9

7

10

835

83

944

1.3

RealisedGain/(Loss)on

ForeignExchange

Transactions

-

-

-

-

-

-

-

-

-

-

-

-

1.4

RealisedGains/(Losses)on

Interschemesaleof

investments

19

-

28

(2)

(10)

35

35

-

0

(8)

872

900

1.5


Externalsale/redemption

ofinvestments

720

841

310

3,4

54

3,056

8,381

141

1,362

569

39,319

4,364

4

5,755

1.6


DerivativeTransactions

-

-

-

-

(106)

(106)

-

-

-

(237)

64

(173)

1.7

OtherIncome

-

-

-

0

-

0

-

-

-

1,010

-

1,010

(A)

840

927

383

7,9

74

3,864

13,989

223

1,463

629

45,882

5,663

5

3,861

2

EXPENSES

2.1

Managementfees

71

53

51

2,1

00

441

2,717

32

64

47

3,088

302

3,533

2.2

Servicetaxon

Managementfees

7

6

5

2

16

45

280

3

7

5

318

31

364

2.3

Transferagentsfeesand

expenses

15

12

9

8

33

141

1,010

7

15

9

1,101

73

1,205

2.4

Custodianfees

1

1

1

63

10

76

1

1

1

81

6

90

2.5

Trusteeshipfees

1

1

1

31

5

38

0

1

0

38

3

43

2.6

CommissiontoAgents

43

17

27

1,8

26

302

2,216

19

20

23

1,326

201

1,590

2.7

Marketing&Distribution

expenses

1

1

1

2

18

22

0

0

0

172

18

190

2.8

Auditfees

0

0

0

2

0

2

0

0

0

2

0

2

2.9

Otheroperatingexpenses

3

0

1

1

92

33

229

1

1

1

220

9

231

(B)

142

91

96

5,2

65

995

6,590

63

109

86

6,346

643

7,247

3

NETREALISEDGAINS/

(LOSSES)

FORTHEYEAR/

PERIOD(A-B=C)

698

836

287

2,7

09

2,869

7,399

160

1,354

543

39,536

5,020

4

6,613

4

ChangeinUnrealised

Depreciation

invalueofinvestments(D)

-

-

-

83

-

83

-

-

-

(89)

10

(79)

5

NETGAINS/(LOSSES)

FORTHEYEAR/

PERIOD(E=(C+D))

698

836

287

2,7

92

2,869

7,482

160

1,354

543

39,447

5,030

4

6,534

6

Changeinunrealisedappreciation

inthevalueofinvestments(F)

643

(1,033)

85

(25,239)

1,866

(23,678)

193

(326)

7

(35,499)

(1,025)

(36,651)

7/31/2019 MSFU

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FortheYearendedMarch3

1,2012

FortheYearendedMarch31,2011

(`````inLakhs)

(`````inLakhs)

FMCG

ITFund

Pharma

Con

tra

Emerging

TOTAL

FMCG

IT

Fund

Pharma

Contra

Emerging

T

OTAL

Fund

Fund

Fu

nd

Business

Fund

Fund

Fund

Business

Fund

Fund

7

NETSURPLUS/(DEFICIT)FOR

THEYEAR/PERIOD(E+F=G)

1,341

(197)

372

(22,447)

4,735

(16,196)

353

1,028

550

3,948

4,005

9,883

7.1

Add:Balancetransferfrom


Reserve

-

1,033

-

25,2

39

-

26,272

-

326

-

35,499

1,025

3

6,851

7.2

Less:Balancetransferto


Reserve

(643)

-

(85)

-

(1,866)

(2,594)

(193)

-

(7)

-

-

(199)

7.3

Add/(Less):Equalisation

95

26

(160)

(408)

877

429

(38)

348

(117)

(1,485)

1,604

313

8

Total

793

862

127

2,3

83

3,746

7,911

123

1,702

426

37,962

6,634

4

6,847

9

Dividendappropriation

9.1

IncomeDistributedduring

theyear/period

-

(0)

0

19,7

64

3,956

23,720

-

0

-

21,644

3,024

2

4,667

9.2

Taxonincomedistributed

duringtheyear/period

-

-

-

-

-

-

-

-

-

-

-

-

10

RetainedSurplus/(Deficit)

carriedforwardtoBalancesheet

793

862

127

(17,380)

(210)

(15,809)

123

1,702

426

16,318

3,610

2

2,179

NotestoAccounts-AnnexureI

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NOTES TO ACCOUNTS - ANNEXURE I TO THE ABRIDGED BALANCE SHEET AND REVENUE ACCOUNT FOR THE YEAR / PERIOD

ENDED 31ST MARCH 2012

Amount in ````` in Lakhs unless otherwise stated

1 Investments :-

1.1 The investments of the Scheme are held in the custody of the Funds custodian HDFC Bank Ltd. Investments are registered in the name of

the scheme except where dispute exist or where the delivery has not become due.

1.2 Open Position of derivatives (outstanding market value & % to Net Assets as of the Year end).

Options As at 31st March 2012 As at 31st March 2011

Market Value % to Net Assets Market Value % to Net Assets

MSFU FMCG Nil Nil Nil Nil

MSFU IT Nil Nil Nil Nil

MSFU- PHARMA Nil Nil Nil Nil

MSFU CONTRA Nil Nil Nil Nil

MSFU EBF 6,122.62 11.19 Nil Nil

1.3 Disclosure in accordance with SEBI Circular No. Cir/IMD/DF/11/2010 dated August 18, 2010:

i. Hedging Positions through Futures :

Options As on Underlying Long/Short Future Price Current Price Margin

when Purchased of the Contract Maintained

(In Lakhs)

MSFUFMCG 31-03-2012 Nil Nil Nil Nil Nil

31-03-2011 Nil Nil Nil Nil Nil

MSFU IT 31-03-2012 Nil Nil Nil Nil Nil


MSFUPHARMA 31-03-2012 Nil Nil Nil Nil Nil


MSFU CONTRA 31-03-2012 Nil Nil Nil Nil Nil


MSFU EBF 31-03-2012 Nil Nil Nil Nil Nil31-03-2011 Nil Nil Nil Nil Nil

Total exposure due to futures(hedging positions)as a 0.0 %age of net assets

The following hedging transactions through futures have been squared off/expired :

MSFUFMCG- NIL

MSFU IT NIL

MSFUPHARMA- NIL

MSFU CONTRA

For the period 01-04-2011 to 01-04-2010 to

31-03-2012 31-03-2011

Total Number of contracts where futures were bought Nil 194.00

Total Number of contracts where futures were sold Nil 194.00

Gross Notional Value of contracts where futures were bought (in `) Nil 6,87,63,498.85

Gross Notional Value of contracts where futures were sold (in `) Nil 6,30,77,664.40

Net Profit/Loss value on all contracts combined (in `)* Nil (56,85,834.45)

MSFU EBF


31-03-2012 31-03-2011

Total Number of contracts where futures were bought Nil 603.00

Total Number of contracts where futures were sold Nil 603.00

Gross Notional Value of contracts where futures were bought (in `) Nil 16,45,59,743.10

Gross Notional Value of contracts where futures were sold (in `) Nil 16,56,26,569.45

Net Profit/Loss value on all contracts combined (in `)* Nil 10,66,826.35

*Excluding brokerage on derivatives

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ii. Other than hedging Positions through Futures:

Options As on Underlying Long/Short Future Price Current Price Margin

when Purchased of the Contract Maintained(In Lakhs)

MSFUFMCG 31-03-2012 Nil Nil Nil Nil Nil


MSFU IT 31-03-2012 Nil Nil Nil Nil Nil


MSFUPHARMA 31-03-2012 Nil Nil Nil Nil Nil


MSFU CONTRA 31-03-2012 Nil Nil Nil Nil Nil


MSFU EBF 31-03-2012 Dr. Reddys Long 1,695.35 1,780.40 360.85

Laboratories Ltd.

Hindustan Long 304.95 306.80 180.25

PetroleumCorporation Ltd.

United Spirits Ltd. Long 600.57 613.25 439.03

Zee Entertainment Long 125.06 128.30 172.08

Enterprises Ltd.


Total exposure due to futures(non hedging positions)as a 11.19 %age of net assets


The following hedging transactions through futures have been squared off/expired :

MSFUFMCG- NIL

MSFU IT NIL

MSFUPHARMA- NIL

MSFU CONTRA

For the period 01-04-2011 to 01-04-2010 to31-03-2012 31-03-2011

Total Number of contracts where futures were bought Nil 4,202.00

Total Number of contracts where futures were sold Nil 4,202.00

Gross Notional Value of contracts where futures were bought (in `) Nil 1,14,34,31,092.29

Gross Notional Value of contracts where futures were sold (in `) Nil 1,12,61,09,194.67

Net Profit/Loss value on all contracts combined (in `)* Nil (1,73,21,897.62)


MSFU EBF


31-03-2012 31-03-2011

Total Number of contracts where futures were bought 11,998.00 1,472.00

Total Number of contracts where futures were sold 12,983.00 1,428.00

Gross Notional Value of contracts where futures were bought (in `) 299,68,99,295.56 41,65,48,862.92

Gross Notional Value of contracts where futures were sold (in `) 316,07,74,655.66 44,83,62,153.21

Net Profit/Loss value on all contracts combined (in `)* (84,84,314.90) 56,40,068.33


Particulars As at 31st March 2012 As at 31st March 2011

Hedging Positions through Put Options Nil Nil

Other than Hedging Positions through Options Nil Nil

Hedging Position through swaps Nil Nil

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1.4 Investment in Sponsors / Associates and Group Companies by all schemes.

MSFU - CONTRA

Issuer and instrument Under this scheme All schemes of the Fund

As at 31-03-12 As at 31-03-11 As at 31-03-12 As at 31-03-11

Equity shares of State Bank of India 10,684.50 5,543.44 32,534.48 61,643.47

Equity shares of State Bank of Mysore Nil Nil Nil 683.11

Non Convertible Debentures of State Bank of India Nil Nil 426.10 431.71

Total 10,684.50 5,543.44 32,960.58 62,758.29

MSFU FMCG, MSFU PHARMA, MSFU- IT, MSFU EBF

Issuer and instrument Under this scheme All schemes of the Fund

As at 31-03-12 As at 31-03-11 As at 31-03-12 As at 31-03-11

Equity shares of State Bank of India Nil Nil 32,534.48 61,643.47

Equity shares of State Bank of Mysore Nil Nil Nil 6,83.11

Non Convertible Debentures of State Bank of India Nil Nil 426.10 431.71

Total Nil Nil 32,960.58 62,758.29

1.5 Open position of Securities Borrowed and /or Lend by the scheme : NIL (Previous Year : NIL)

1.6 Details of NPA: Aggregate market value and provision thereof.

Investment category As at 31st March 2012 As at 31st March 2011

Outstanding Provision Made Book Value Outstanding Provision Made Book Value

- Nil Nil Nil Nil Nil Nil

1.7 Aggregate Unrealised Gain / Loss as at the end of the Financial Year / Period and percentage to net assets.


Amount % to Net Assets Amount % to Net Assets

MSFU FMCG 1,141.15 15.97 497.70 13.82

MSFU IT 1,150.17 26.77 2,183.24 43.43

MSFUPHARMA 856.29 20.72 771.96 19.75

MSFU CONTRA 4,370.05 1.58 29,526.25 9.23

MSFU EBF 3,751.01 6.86 1,884.77 6.48

1.8 Aggregate Value of Purchase and Sale with Percentage to average net assets.

Options Current Year Previous Year

Purchase % to Avg Sale % to Avg Purchase % to Avg Sale % to Avg

Daily Net Daily Net Daily Net Daily Net

Assets Value Assets Value Assets Value Assets Value

MSFU-FMCG 7,649.88 134.48 5,465.42 96.08 3,370.68 133.34 1,145.28 45.31

MSFU-IT 2,133.54 50.11 2,625.30 61.66 1,571.21 30.52 3,121.93 60.64

MSFU-PHARMA 1,782.26 43.54 1,882.17 45.98 2,902.20 77.03 3,273.26 86.88

MSFU- CONTRA 578,926.24 204.11 599,651.15 211.42 2,10,633.55 60.50 2,41,877.41 69.47

MSFU-EBF 62,634.40 143.47 54,381.06 124.56 51,950.28 187.72 42,303.71 152.86

1.9 Non-Traded securities in the portfolio :


Market Value % to Net Assets Market Value % to Net Assets

Value Value

MSFU FMCG Nil Nil Nil Nil

MSFU IT 0.00 0.00 Nil Nil

MSFU PHARMA Nil Nil 10.71 0.27

MSFU CONTRA 6,779.46 2.45 9,962.77 3.11

MSFU EBF Nil Nil 1,986.51 5.90

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2. Details of Transaction with Associates under regulation 25(8).

a. Brokerage Paid to Associates/Related Parties/ Group Companies of Sponsor/AMC by all schemesSegment Name of Related Party Nature of Period Value of Transaction and % Brokerage & % of Total

Relationship Covered of Total Value of Transactions Brokerage

% %

Equity SBICAP Securities Ltd. Group Company Current Year 1,24,342.18 4.05 207.97 4.07

CLSA India Ltd. Group Company Current Year 1,26,969.99 4.14 229.60 4.50

Futures & SBICAP Securities Ltd. Group Company Current Year 29.11 0.01 0.01 0.01

Options CLSA India Ltd. Group Company Current Year 413.34 0.12 0.12 0.11

Debt No Transaction Executed Through Related Party

Segment Name of Related Party Nature of Period Value of Transaction and % Brokerage & % of Total

Relationship Covered of Total Value of Transactions Brokerage

% %Equity SBICAP Securities Ltd. Group Company Previous Year 94,065.85 3.71 179.20 4.40

CLSA India Ltd. Group Company Previous Year N.A. - N.A. -

Futures & SBICAP Securities Ltd. Group Company Previous Year 998.88 0.24 0.47 0.36

Options CLSA India Ltd. Group Company Previous Year N.A. - N.A. -

Debt No Transaction Executed Through Related Party

b. Commission Paid to Associates/Related Parties/ Group Companies of Sponsor/AMC by all schemes

Name of Related Party Nature of Period Business Given and %of Commission paid & %

Relation Covered Total Business Received of Total Commission

paid by the Fund

% %

SBI DFHI Ltd. Group Company Current Year 10,350.18 0.03 0.35 0.00

SBICAP Securities Ltd. Group Company Current Year 2,82,997.55 0.77 20.22 0.14

State Bank of Bikaner & Jaipur Group Company Current Year 36,671.84 0.10 43.08 0.30

State Bank of Hyderabad Group Company Current Year 5,33,699.43 1.46 56.65 0.40

State Bank of India Sponsor Current Year 40,79,648.40 11.14 2,757.83 19.36

State Bank of Indore Group Company Current Year - - - -

State Bank of Mysore Group Company Current Year 2,50,560.17 0.68 47.59 0.33

State Bank of Patiala Group Company Current Year 5,88,104.52 1.61 109.58 0.77

State Bank of Travancore Group Company Current Year 1,27,216.43 0.35 96.34 0.68

SBI Capital Markets Ltd. Group Company Current Year - - - -

SBI Commercial & Group Company Current Year - - - -

International Bank Ltd.

Malwa Gramin Bank Associate* Current Year 0.15 0.00 0.21 0.00

Uttaranchal Gramin Bank Associate* Current Year 0.00 0.00 0.00 0.00

Purvanchal Gramin Bank Associate* Current Year - - - -

Chattisgarh Gramin Bank Associate* Current Year 68.68 0.00 0.24 0.00

Vananchal Gramin Bank Associate* Current Year 0.00 0.00 0.01 0.00

Total 59,09,317.36 16.13 3,132.10 21.99

7/31/2019 MSFU

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Name of Related Party Nature of Period Business Given and %of Commission paid & %

Relation Covered Total Business Received of Total Commission

paid by the Fund

% %

SBI DFHI Ltd. Group Company Previous Year 17,850.83 0.01 0.62 0.02

SBICAP Securities Ltd. Group Company Previous Year - - - -

State Bank of Bikaner & Jaipur Group Company Previous Year 1,58,879.07 0.01 85.30 0.27

State Bank of Hyderabad Group Company Previous Year 18,36,533.48 0.15 109.55 0.51

State Bank of India Sponsor Previous Year 58,11,152.67 5.68 3,295.39 15.39

State Bank of Indore Group Company Previous Year 0.00 0.00 15.62 0.00

State Bank of Mysore Group Company Previous Year 4,00,413.77 0.36 55.36 0.33

State Bank of Patiala Group Company Previous Year 7,77,852.09 0.33 163.84 0.75

State Bank of Travancore Group Company Previous Year 82,257.33 0.11 126.26 0.48

SBI Capital Markets Ltd. Group Company Previous Year 4,15,074.24 0.03 28.99 0.09SBI Commercial & International Bank Ltd. Group Company Previous Year 28,124.10 0.01 7.23 0.03

Malwa Gramin Bank Associate* Previous Year 0.48 0.00 3.65 0.01

Uttaranchal Gramin Bank Associate* Previous Year 0.05 0.00 0.00 0.00

Purvanchal Gramin Bank Associate* Previous Year 105.65 0.01 1.49 0.01

Chattisgarh Gramin Bank Associate* Previous Year 50.09 0.00 0.30 0.00

Total 95,28,293.84 6.70 3,893.62 17.89

0.00 Indicate amount less than ` 500

* indicate Associate as per SEBI Regulations

c. The transactions entered into during the year by the scheme with the related parties are as under:

MSFU -FMCG

Type of Transaction Name of Related Party Current Year Previous Year

Bank Charges State Bank of Bikaner & Jaipur 0.01 0.00

State Bank of Hyderabad 0.02 0.00

State Bank of India 1.65 0.27

State Bank of Mysore 0.01 0.00

State Bank of Patiala 0.14 0.00

State Bank of Travancore 0.00 0.00

Management Fees SBI Funds Management Pvt. Ltd. 71.11 31.60

Other Operating Charges Clearing Corporation of India Ltd. 0.06 0.03

Trusteeship Fee SBI Mutual Fund Trustee Company Pvt. Ltd. 0.57 0.28

Brokerage on Issue of Units SBICAP Securities Ltd. 0.10 Nil

State Bank of Bikaner & Jaipur 0.03 0.02



State Bank of Indore Nil 0.00




Chhattisgarh Gramin Bank 0.00 0.00

SBI Capital Markets Ltd. Nil 0.01

Brokerage on Investments CLSA India Ltd. 0.55 N.A.

SBICAP Securities Ltd. 0.01 Nil

7/31/2019 MSFU

18/28



MSFU -IT











Brokerage on Issue of Units SBI Commercial & International Bank Ltd. Nil 0.02










Brokerage on Investments SBICAP Securities Ltd. 0.14 1.17

MSFU -PHARMA











Brokerage on Issue of Units SBICAP Securities Ltd. 0.05 Nil









SBI Commercial & International Bank Ltd. Nil 0.07


7/31/2019 MSFU

19/28



MSFU -CONTRA








Dividend Paid State Bank of India Nil 270.90

Vananchal Gramin Bank 3.83 3.83

Vananchal Gramin Bank- Dumka 18.06 7.91

Dividend Received State Bank of India 30.08 107.28

Interest Received on Fixed Deposits Vananchal Gramin Bank Nil 2.13

Management Fees SBI Funds Management Pvt. Ltd. 2,099.90 3,088.36


Purchase of Securities State Bank of India Nil 11,894.52

Issue/Reissue of Units (In Lakhs) Vananchal Gramin Bank- Dumka 2.76 Nil

Repurchase of Units (In Lakhs) State Bank of India Nil 77.40

State Bank of Hyderabad Nil 7.87

Krishna Grameena Bank Nil 0.09

Sale of Securities State Bank of India 7,971.10 21,925.08

State Bank of Patiala 996.37 Nil


Brokerage on Issue of Units SBI Commercial & International Bank Ltd. Nil 1.70

SBI DFHI Ltd. 0.01 0.00










Malwa Gramin Bank 0.00 0.00

Purvanchal Gramin Bank Nil 0.18


Uttaranchal Gramin Bank 0.00 0.00

Vananchal Gramin Bank 0.00 Nil


CLSA India Ltd. 77.24 N.A.

7/31/2019 MSFU

20/28



MSFU EBF










Purchase of Securities State Bank of Mysore Nil 184.93

Sale of Securities State Bank of Mysore Nil 437.61

State Bank of Patiala 1,995.35 Nil


Brokerage on Issue of Units State Bank of Bikaner & Jaipur 0.67 0.37








SBI Capital Markets Ltd. 0.71 0.16


CLSA India Ltd. 3.60 N.A.

Dividend Received State Bank of Mysore Nil 4.86

Issue/Reissue of Units (In Lakhs) Vananchal Gramin Bank 4.20 Nil

Repurchase of Units (In Lakhs) State Bank of Hyderabad Nil 11.64

Dividend Paid Vananchal Gramin Bank 10.51 Nil

0.00 Indicate amount less than ` 500

3. Large Holdings in the Scheme (i.e. in excess of 25% of the net assets) : NIL ( Previous year : NIL )

4. Unit Capital movement during the year ended / period ended. Plan wise details of movement in units - opening, subscription, redemption, closing.

Indicate planwise face value of units.

MSFU-IT

Current Year Previous Year No. of Units in Lakhs No. of Units in Lakhs

Face Value 10.00 10.00

Opening 208.16 273.95

Subscription 19.60 30.41

Dividend Reinvestment 0.00 (0.00)

Redemption 44.02 96.19

Closing 183.74 208.16

7/31/2019 MSFU

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MSFU-PHARMA

Current Year Previous Year

No. of Units in Lakhs No. of Units in Lakhs

Dividend Growth Total Dividend Growth Total

Face Value 10.00 10.00 10.00 10.00

Opening 81.65 22.11 103.76 91.48 20.00 111.49

Subscription 6.82 14.19 21.01 12.36 15.44 27.80

Dividend Reinvestment (0.00) - (0.00) - - -

Redemption 17.12 8.88 26.00 22.19 13.33 35.52

Closing 71.35 27.42 98.77 81.65 22.11 103.76

MSFU-FMCG

Current Year Previous Year No. of Units in Lakhs No. of Units in Lakhs

Face Value 10.00 10.00

Opening 123.14 43.46

Subscription 122.84 130.30

Dividend Reinvestment -

Redemption 53.11 50.62

Closing 192.87 123.14

MSFU-CONTRA




Face Value 10.00 10.00 10.00 10.00

Opening 5,821.72 3,432.29 9,254.01 6,094.74 3,612.26 9,707.00

Subscription 888 867 1,755 1,468.99 1,195.75 2,664.74

Dividend Reinvestment 502 - 502 337.13 - 337.13

Redemption 1,245 899 2,144 2,079.15 1,375.73 3,454.87

Closing 5,967 3,400 9,367 5,821.72 3,432.29 9,254.01

MSFU-EBF




Face Value 10.00 10.00 10.00 10.00

Opening 1,299.35 358.08 1,657.43 785.29 243.72 1,029.01Subscription 569.80 554.66 1,124.47 902.09 349.91 1,252.01

Dividend Reinvestment 115.34 - 115.34 89.24 - 89.24

Redemption 286.09 232.09 518.18 477.27 235.55 712.82

Closing 1,698.40 680.66 2,379.06 1,299.35 358.08 1,657.43

5. Expenses other than management fees are disclosed inclusive of service tax.

6. Figures of the previous year have been regrouped, wherever necessary to confirm with the current years figures.

7. Contingent liability in respect of Underwriting Commitments, Uncalled liability on partly paid shares and other commitments are Nil (Previous Year

Nil).

8. The name of the Scheme has been changed w.e.f. 25th April, 2012 as SBI Magnum Sector Funds Umbrella.

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KEY STATISTICS FOR THE YEAR / PERIOD ENDED 31/03/2012

Current PreviousYear / Period Year / Period

ended 31/03/2012 ended 31/03/2011

MAGNUM SECTOR FUNDS UMBRELLA - FMCG FUND

1. NAV per unit (`):

Open 29.24 22.57

High 37.05 31.37

Low 29.56 22.80

End 37.05 29.24

2. Closing Assets Under Management (` in Lakhs)

End 7,145.02 3,600.85

Average (AAuM) 5,688.50 2,527.93

3. Gross income as % of AAuM1 14.77 8.82

4. Expense Ratio:a. Total Expense as % of AAuM (plan wise) ### 2.50 2.48

b. Management Fee as % of AAuM (plan wise) 1.25 1.25

5. Net Income as a percentage of AAuM2 12.27 6.34

6. Portfolio turnover ratio4 0.94 0.43

7. Total Dividend per unit distributed during the year / period (plan wise) NIL NIL

8. Returns:

a. Last One Year

Scheme

Plan Dividend 26.63 29.78

Benchmark-BSE-FMCG 24.94 27.02

b. Since Inception

Scheme

Plan Dividend 13.57 12.52

Benchmark-BSE-FMCG 10.31 9.34

1. Gross income = amount against (A) in the Revenue account i.e. Income.

2. Net income = amount against (C) in the Revenue account i.e. NET REALISED GAINS / (LOSSES) FOR THE YEAR / PERIOD

3. AAuM=Average daily net assets

4. Portfolio Turnover = Lower of sales or purchase divided by the Average AuM for the year/period.

### Total Expenditure does not include loss on sale/redemption of investments, loss on inter-scheme tranfer/sale of investments, net

change in unrealised depreciation in value of investments, deferred revenue expenditure amortised and Provision for Doubtful Debt,

Income, Deposits.

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ended 31/03/2012 ended 31/03/2011

MAGNUM SECTOR FUNDS UMBRELLA - IT FUND


Open 24.15 19.78

High 24.57 25.44

Low 18.22 18.56

End 23.39 24.15


End 4,297.26 5,027.02

Average (AAUM) 4,257.40 5,148.30


4. Expense Ratio:

a. Total Expense as % of AAUM ### 2.13 2.13

b. Management Fee as % of AAUM 1.25 1.25

5. Net Income as a percentage of AAUM2 19.65 26.30

6. Portfol io turnover ratio4 0.50 0.31

7. Total Dividend per unit distributed during the year / period NIL NIL

8. Returns:

a. Last One Year

Scheme (3.15) 21.70

Benchmark - BSE - IT (7.12) 25.02

b. Since InceptionScheme 12.36 13.80

Benchmark - BSE - IT 12.43 14.93







Income, Deposits.

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Current Previous

Year / Period Year / Period

ended 31/03/2012 ended 31/03/2011

MAGNUM SECTOR FUNDS UMBRELLA-PHARMA


Open

Dividend 36.05 30.98

Growth 43.62 37.49

High


Growth 48.06 46.83

Low


Growth 42.17 37.78

End


Growth 47.84 43.62


End 4,132.76 3,908.18

Average (AAuM) 4,093.44 3,767.76


4. Expense Ratio:

a. Total Expense as % of AAuM (plan wise) ### 2.34 2.29




7. Total Dividend per unit distributed during the year / period (plan wise) NIL NIL

8. Returns:

a. Last One Year

Scheme

Growth 9.66 16.29

Dividend 9.70 16.29

Benchmark - BSE - HC

Growth 10.00 13.05


b. Since Inception

Scheme

Growth 11.22 17.87


Benchmark - BSE - HC

Growth 11.25 11.40








Income, Deposits.

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ended 31/03/2012 ended 31/03/2011

MAGNUM SECTOR FUNDS UMBRELLA-CONTRA


Open


Growth 55.57 55.96

High


Growth 57.31 65.58

Low


Growth 43.12 50.75End


Growth 51.62 55.57


End 276,663.93 320,005.55

Average (AAuM) 283,629.37 348,158.29


4. Expense Ratio:





7. Total Dividend per unit distributed during the year / period (plan wise)

Dividend Option 3.50 3.50

8. Returns:

a. Last One Year

Scheme

Dividend (7.15) (0.19)

Growth (7.16) (0.22)

Benchmark - BSE 100

Dividend (9.23) 8.55

Growth (9.23) 8.55

b. Since Inception

Scheme

Dividend 18.09 25.61Growth 22.65 22.86

Benchmark - BSE 100


Growth 12.58 19.78







Income, Deposits.

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ended 31/03/2012 ended 31/03/2011

MAGNUM SECTOR FUNDS UMBRELLA - EMERGING BUSINESS FUND


Open


Growth Option 39.64 34.87

High



Low


Growth Option 37.7 33.85End




End 54,716.84 33,694.86

Average (AAuM) 43,657.33 27,674.78


4. Expense Ratio:





7. Total Dividend per unit distributed during the year / period (plan wise) 2.50 2.50

8. Returns:

a. Last One Year

Scheme

Growth 12.35 13.65

Benchmark - BSE 500 -9.11 7.48

b. Since Inception

Scheme

Growth 21.91 23.45

Benchmark - BSE 500 15.18 20.11







Income, Deposits.

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12

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COMPUTER AGE MANAGEMENT SERVICES PVT. LTD.Unit : SBI Mutual Fund148, Old Mahabalipuram Road, (Adjacent to Hotel Fortune),Okkiyam Thuraipakkam, Chennai 600097, Tamil NaduTel: 044-30407000 & 24587000, Fax: 044-24580982Tollfree : 1800 4255 425Email: [email protected],Website : www.camsonline.com

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