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*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Product LabelingThis product is suitable for investors
who are seeking*: Riskometer
Long term investment. Investments in Indian equities, PCDs and
FCDs from selected industries with high growth potential to provide investors maximum growth opportunity.
Midcap Biased PortfolioStock Story
Performance and Risk AnalyticsFund Details
Flow of the Presentation
• In upward trending markets generally midcaps outperform large caps• In downward trending markets, generally large caps outperform midcaps
Short Term Trends
Source: Bloomberg & internal calculation. Data as on 31.12.2015
2009 2010 2011 2012 2013 2014 2015-60%-40%-20%
0%20%40%60%80%
100%120%140%
Annual Returns
S&P BSE Large Cap S&P BSE Mid Cap S&P BSE Small Cap
Midcap Portfolio
Bottom up midcap allocation
Business Outlook
ManagementValuations
Sell-Side
Primary Research
Management Interaction
Earnings ModelStress Testing
Valuations
Quantitative Tools
Bottom up stock selection process for Mid Caps
Drivers of stock selection
The stock selection is tilted towards following factors
Strong Business Franchise
Return Expectations on Capital
High Barriers to Entry
Secular Business Models
Buy and Hold Strategy
Some stocks in the portfolio
P&G Hygiene
Source: Bloomberg Data as on 31.12.15
• Strong secular growth potential for the product category• Robust brand franchise being not only the incumbent but gaining incremental share• Expensive valuations but offset by growth visibility and profitability• Potential strong growth & high profitabilityStock is being held in the portfolio of the scheme as on 30.11.2015 & may/may not be in the portfolio in the future depending on the fund house view on the stock. This should not be construed as recommendation to buy/sell the stock in any way. Past performance may or may not be sustained in future.
Jan/
13Fe
b/13
Mar/1
3Ap
r/13
May/
13Ju
n/13
Jul/1
3Au
g/13
Sep/
13Oc
t/13
Nov/
13De
c/13
Jan/
14Fe
b/14
Mar/1
4Ap
r/14
May/
14Ju
n/14
Jul/1
4Au
g/14
Sep/
14Oc
t/14
Nov/
14De
c/14
Jan/
15Fe
b/15
Mar/1
5Ap
r/15
May/
15Ju
n/15
Jul/1
5Au
g/15
Sep/
15Oc
t/15
Nov/
15De
c/15
50
100
150
200
250
300
P&G Hygiene S&P BSE Midcap Index
Stoc
k Pr
ice
Mov
emen
t (b
ase
100)
Shriram City Union Finance
Source: Bloomberg Data as on 31.12.15
• Strong client franchise coming from the group ecosystem• Strong ROE profile & growth prospects• Reasonable price-book valuations• Sizeable customer baseStock is being held in the portfolio of the scheme as on 30.11.2015 & may/may not be in the portfolio in the future depending on the fund house view on the stock. This should not be construed as recommendation to buy/sell the stock in any way. Past performance may or may not be sustained in future.
Jan/
13Fe
b/13
Mar/1
3Ap
r/13
May/
13Ju
n/13
Jul/1
3Au
g/13
Sep/
13Oc
t/13
Nov/
13De
c/13
Jan/
14Fe
b/14
Mar/1
4Ap
r/14
May/
14Ju
n/14
Jul/1
4Au
g/14
Sep/
14Oc
t/14
Nov/
14De
c/14
Jan/
15Fe
b/15
Mar/1
5Ap
r/15
May/
15Ju
n/15
Jul/1
5Au
g/15
Sep/
15Oc
t/15
Nov/
15De
c/15
50 70 90
110 130 150 170 190 210 230
Shriram City Union Finance S&P BSE Midcap Index
Stoc
k Pr
ice
Mov
emen
t (
base
100
)
In a Nut Shell: Magnum Global Fund Portfolio
Midcap Portfolio• Bottom up stock selection
• Buy and hold strategy
Large cap Portfolio • Hedge against
falling markets
• Create liquidity in the portfolio
Fund Details
Investment Management Process
Stock Universe
Quant Screening
Investment Universe
Fundamental analysis
Fund Mandate Risk ControlsPortfolio
2500
sto
cks
500
stock
s
350
stock
s
35 to
50
stock
s
Benchmark: S&P BSE Midcap
Inception Date: September 30, 1994
Load Structure: For exit within 12 months from date of allotment- 1%For exit after 12 months from date of allotment- Nil
Minimum Investment:Rs. 5000
Fund Details
Type of Instrument Normal Allocation (% of Net Assets) Risk Profile
Equity Partly convertible debentures and fully convertible debentures and Bonds 80-100% Medium to
High
Money Market instruments 0-20% Low
Asset Allocation
Asset Allocation
Fund Details
Skewed towards Midcap for alpha play
Sector Exposure (%)
Data as on 31.12.2015
Highest weights on Consumer Goods & Industrial Manufacturing
INDUSTRIAL MANUFACTURING
CONSUMER GOODS
FINANCIAL SERVICES
AUTOMOBILE
CHEMICALS
SERVICES
TEXTILES
CONSTRUCTION
IT
HEALTHCARE SERVICES
PHARMA
MEDIA & ENTERTAINMENT
17.60
15.81
14.85
11.26
8.21
7.72
4.84
2.78
2.41
2.35
2.19
1.89
14.3%
70.2%
7.5%
8.1% Large Cap
Mid Cap
Small Cap
Other Current Assets
Funds Details
Top 10 Holdings Dividend History
Top 10 stocks comprise 31.50% of the fund
Data as on 31.12.2015
Past performance may not be sustained in the future. Pursuant to payment of dividend, the NAV of Dividend option of scheme/plan would fall to the extent of payout and statutory levy, if applicable.
Face Value: Rs. 10/-Past performance may or may not be sustained in future.
Stock Name % of Total AUM
SOLAR INDUSTRIES INDIA LTD. 3.95
PROCTER & GAMBLE HYGIENE AND HEALTH CARE LTD. 3.87
BRITANNIA INDUSTRIES LTD. 3.48
CHOLAMANDALAM INVESTMENT AND FINANCE CO. LTD. 3.35
MRF LTD. 3.06
GRINDWELL NORTON LTD. 3.02
KAJARIA CERAMICS LTD. 2.78
SUNDARAM FINANCE LTD. 2.73
PAGE INDUSTRIES LTD. 2.70
SHRIRAM CITY UNION FINANCE LTD. 2.57
Record Date Dividend (in Rs./ Unit)
NAV(on the day of declaration of
dividend)30-Oct-14
(Regular Plan) 5.10 49.980330-Oct-14
(Direct Plan) 5.10 59.554906-June-14
(Regular Plan) 5.70 38.0774
31-May-11 5.00 26.5112-Mar-10 5.00 27.5223-Mar-07 5.00 27.34
Risk Analysis
Source: CRISIL Fund Analyser Risk Free rate : Overnight Mumbai Interbank Outright Rate (7.03% as on 31/Dec/2015). Basis for Ration Calculation : 6 Years Daily Data Points
Quantitative Data Ratio
Standard Deviation 13.79%
Beta 0.65
Sharpe Ratio 1.21
Expense Ratio (Regular Plan) 2.06%
Expense Ratio (Direct Plan) 1.32%
Synopsis
Predominantly mid cap fund
Benchmark aware but with no specific active stock limits
Bottom up strategy based on stock selection rather than sector calls
Defensive portfolio, due to the nature of stocks owned
Past performance may or may not be sustained in future. Returns (in %) other than since inception are absolute, calculated for dividend option and in INR are point-to-point (PTP) returns calculated on a standard investment of 10,000/-. It is assumed that dividends declared under the scheme have been reinvested at the then prevailing NAV. Growth option introduced on 27/06/2005. Additional benchmark as prescribed by SEBI for long-term equity schemes is used for comparison purposes. Performance calculated for Regular Plan. Performance of dividend plan for investor would be net of dividend distribution tax as applicable.
Performance
31-Dec-2014 to 31-Dec-
2015
31-Dec-2013 to 31-Dec-
2014
31-Dec-2012 to 31-Dec-
2013 Since Inception
Absolute Returns (%) CAGR Returns (%)
PTP Returns (INR)
SBI Magnum Global Fund 7.92 66.56 9.71 15.39 209,735.65S&P BSE Midcap Index (Scheme Benchmark) 7.43 54.69 -5.73 N.A. N.A.
S&P BSE Sensex (Additional Benchmark) -5.03 29.89 8.98 8.88 61,008.00
31-Dec-2014 To 31-Dec-2015
31-Dec-2013 To 31-Dec-2014
31-Dec-2012 To 31-Dec-2013
Since Inception-10.000.00
10.0020.0030.0040.0050.0060.0070.0080.00
SBI Magnum Global Fund
S&P BSE MID CAP Index (Scheme Benchmark)
S&P BSE SENSEX (Additional Benchmark)
Performance of Schemes Managed by R. Srinivasan31-Dec-2014 to 31-Dec-
2015
31-Dec-2013 to 31-Dec-
2014
31-Dec-2012 to 31-Dec-
2013Since Inception
Absolute Returns (%)CAGR
Returns (%)
PTP Returns (INR)
SBI Magnum Equity Fund 2.43 42.65 5.54 14.84 318,516.59
CNX Nifty Index (Scheme Benchmark) -4.06 31.39 6.76 13.72 249,141.00
S&P BSE Sensex (Additional
Benchmark) -5.03 29.89 8.98 13.94 261,369.00Past performance may or may not be sustained in future. Returns (in %) other than since inception are absolute, calculated for dividend option and in INR are point-to-point (PTP) returns calculated on a standard investment of 10,000/-. It is assumed that dividends declared under the scheme have been reinvested at the then prevailing NAV. Growth option introduced on 27/11/2006. Additional benchmark as prescribed by SEBI for equity schemes is used for comparison purposes. Performance calculated for Regular Plan Performance of dividend plan for investor would be net of dividend distribution tax as applicable. Performance calculated for Regular Plan
31-Dec-2014 to 31-Dec-2015
31-Dec-2013 to 31-Dec-
2014
31-Dec-2012 to 31-Dec-2013
Since Inception
Absolute Returns (%) CAGR Returns (%) PTP Returns (INR)
SBI Contra Fund -0.10 47.66 -1.75 20.45 215,501.85S&P BSE 100 Index
(Scheme Benchmark) -3.25 32.28 5.87 13.01 75,294.70S&P BSE Sensex
(Additional Benchmark) -5.03 29.89 8.98 11.54 60,648.20
Past performance may or may not be sustained in future. Returns (in %) other than since inception are absolute, calculated for dividend option and in INR are point-to-point (PTP) returns calculated on a standard investment of 10,000/-. It is assumed that dividends declared under the scheme have been reinvested at the then prevailing NAV. Growth option introduced on 06/05/2005. Additional benchmark as prescribed by SEBI for equity schemes is used for comparison purposes. Performance of dividend plan for investor would be net of dividend distribution tax as applicable. Performance calculated for Regular Plan
31-Dec-2014 to 31-Dec-
2015
31-Dec-2013 to 31-Dec-
2014
31-Dec-2012 to 31-Dec-
2013Since Inception
Absolute Returns (%)CAGR
Returns (%)
PTP Returns
(INR)SBI Emerging Businesses
Fund 4.33 58.02 -7.87 21.82 92,919.50S&P BSE 500 Index
(Scheme Benchmark) -0.82 36.96 3.25 14.77 47,368.00S&P BSE Sensex
(Additional Benchmark) -5.03 29.89 8.98 14.68 46,964.30Past 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/-. Additional benchmark as prescribed by SEBI for equity schemes is used for comparison purposes. Performance calculated for Regular Plan.
Performance of Schemes Managed by R. Srinivasan
Performance of Scheme Managed by R. Srinivasan & Dinesh Ahuja
31-Dec-2014 to 31-Dec-
2015
31-Dec-2013 to 31-Dec-
2014
31-Dec-2012 to 31-Dec-2013 Since Inception
Absolute Returns (%) CAGR Returns (%) PTP Returns (INR)
SBI Small and Midcap Fund – Growth 20.56 110.66 7.85 21.76 34,650.80
S&P BSE Small Cap Index (Scheme Benchmark) 6.76 69.24 -11.23 8.23 16,477.91
S&P BSE Sensex (Additional Benchmark) -5.03 29.89 8.98 7.88 16,138.33
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/-. Additional benchmark as prescribed by SEBI for equity schemes is used for comparison purposes. Performance calculated for Regular Plan
31-Dec-2014 to 31-Dec-
2015
31-Dec-2013 to 31-Dec-
2014
31-Dec-2012 to 31-Dec-2013 Since Inception
Absolute Returns (%) CAGR Returns (%) PTP Returns (INR)
SBI Magnum Balanced Fund – Growth 7.36 43.24 11.86 16.56 222,225.23
Crisil Balanced Fund Index (Scheme Benchmark) 0.48 25.34 6.05 N.A. N.A.
S&P BSE Sensex (Additional Benchmark) -5.03 29.89 8.98 10.31 72,895.00
Past performance may or may not be sustained in future. Returns (in %) other than since inception are absolute, calculated for dividend option and in INR are point-to-point (PTP) returns calculated on a standard investment of 10,000/-. It is assumed that dividends declared under the scheme have been reinvested at the then prevailing NAV. Growth option introduced on 25/05/2005. Additional benchmark as prescribed by SEBI for equity schemes is used for comparison purposes. Performance calculated for Regular Plan Performance of dividend plan for investor would be net of dividend distribution tax as applicable. Performance calculated for Regular Plan
• Mr. Navneet Munot 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. R. SrinivasanMr. Srinivasan joined SBI Funds Management as a Senior Fund Manager in May 2009, now heads equities and also directly manages a few funds. He has an experience of nearly 20 years in capital markets having worked with FCH, Principal PNB, Oppenheimer & Co, Indosuez WI Carr and Motilal Oswal, among others. Srinivasan is a post graduate in commerce and has done his MFM from the University of Bombay.
Biographies
SBI Funds Management Private Limited
63% 37%
• India’s premier and largest bank with over 200 years experience (Estd: 1806)
• Asset base of USD 399 bn*• Pan-India network of ~22,972 branches
and ~ 50,000 ATM’s as at end of Dec 2014
• Servicing over 256 million customers
• Global leader in asset management• Backed by Credit Agricole and Société
Générale • More than 2,000 institutional clients and
distributors in 30 countries • Over 100 million retail clients via its partner
networks • € 866 bn AuM as at end of December 2014#
*Source: SBI Analyst Presentation as on end December 2014# Source : Amundi website as on end December 2014
SBI Funds Management: India’s First Bank Sponsored Funds
Source: SBI Funds Management Private Limited, AMFI; Average AUM (AAUM) for the quarter ending on June 30, 2015
Established in 1987: A leading asset manager in India
• Expertise in managing assets across mutual funds, segregated managed accounts, domestic advisory and offshore advisory business
• Multiple asset classes ranging from equities and debt, money market to ETFs and structured funds
• Investment team of 33 professionals with strong track record
• Broad customer base with ~ 4.09 million folios related to individual, corporate and institutional investors
Broad Investor
Base
AUM USD 14.09 bn
Wide Distribution
Network
Experienced Investment
Team
ExtensiveProductRange
Broad Investor
Base
AAUM Rs. 83693 crs
Wide Distribution
Network
Experienced Investment
Team
ExtensiveProductRange
SBIFM: A Complete Framework
ExpertiseHighly
experienced team
Strong industry relations
Complete in-house research Processe
sStructured & DisciplinedRigorous
investment templatesAgility with Flexibility
Risk Manage
mentSix member independent
teamInternational
standardsCoherent
monitoring
Group Advantag
e25 years of experience
Both domestic and
international strengths
Investors trust
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. The views expressed herein are based on the basis of internal data, publicly available information & other sources believed to be reliable. Any calculations made are approximations meant as guidelines only, which need to be confirmed before relying on them. 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, SBI Mutual Fund 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
