KIM) Sets Forth the Information, Which a Prospective Investor Ought to Know Before Investing

Asset Management Company: SBI Funds Management Pvt. Ltd. (A Joint Venture between State Bank of India & AMUNDI)

KEY INFORMATION MEMORANDUM

Product Labelling

This product is suitable for investors who are seeking*: Riskometer

• Regular income for medium to long term • Investment in high quality debt securities of varying maturities.

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Continuous offer of Units at NAV related prices on ongoing basis

Sponsor: State Bank of India Trustee Company: SBI Mutual Fund Trustee Company Pvt. Ltd. (CIN: U65991MH2003PTC138496) Asset Management Company: SBI Funds Management Pvt. Ltd., (CIN: U65990MH1992PTC065289) Registered Office: 9th Floor, Crescenzo, C-38 & 39, G Block, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051. Visit us at www.sbimf.com

This Key Information Memorandu m (KIM) sets forth the information, which a prospective investor ought to know before investing. For further details of the Scheme/Mutual Fund, due diligence certificate by the AMC, Key Personnel, investors’ rights & services, risk factors, penalties & pending litigations etc. Investors should, before investment, refer to the Scheme Information Document and Statement of Additional Information available free of cost at any of the SBIFMPL branches or distributors or from the website www.sbimf.com.

The Scheme particulars have been prepared in accordance with Securities and Exchange Board of India (Mutual Funds) Regulations 1996, as amended till date, and filed with Securities and Exchange Board of India (SEBI). The units being offered for public subscription have not been approved or disapproved by SEBI, nor has SEBI certified the accuracy or adequacy of this KIM.

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Name of the SBI Dynamic Bond Fund Scheme Type of Scheme An open ended dynamic debt scheme investing across duration

Investment The investment objective is to provide investors attractive returns through investment in an Objective actively managed portfolio of high quality debt securities of varying maturities. However, there is no guarantee or assurance that the scheme’s objective will be achieved. The scheme does not guarantee or assure any returns. Asset Allocation The funds collected under the scheme shall generally be invested consistent with the objective of Pattern the scheme in the following manner:

Asset Allocation Risk profile Instruments Min Max Debt Instruments (including Central and State 0% 100% Low to Medium Government(s) securities, debt derivatives) Money Market Instruments 0% 100% Low to Medium Units issued by REITs and InVITs^ 0% 10% Medium to High

^The exposure will be in line with SEBI/AMFI limits specified from time to time The Scheme may invest in ADR/GDR/Foreign securities upto 25% of the net assets of the scheme The Scheme shall invest in securitized debt upto 20% of the net assets of the scheme The Scheme may invest in Repo in Corporate Debt as permitted by SEBI The Scheme may invest in Mutual Fund units as permissible As per SEBI circular SEBI/HO/IMD/DF2/CIR/P/2017/109 dated September 27, 2017, the Scheme may indulge in ‘Imperfect hedging’ using IRFs upto maximum of 20% of the net assets of the scheme. For detailed asset allocation, please refer to SID Investment The investment strategy of the Scheme would be to allocate fund corpus across debt securities Strategy including Central and State Government securities, debt derivatives and money market instruments of various maturities based on the expected interest rate scenario. Since the interest rates can be volatile at times, the fund will always endeavour to invest in highly liquid debt and money market instruments. The fund will follow an active duration management strategy because of which the portfolio turnover could be high.

Risk Profile of the Mutual Fund Units involve investment risks including the possible loss of principal. Please read Scheme the SID carefully for details on risk factors before investment. Scheme specific risk factors are summarized below: SBI Dynamic Bond Fund would be investing debt Instruments (including Securitized debt), Government Securities, foreign securities and Corporate Debt including Money Market Instruments & Units issued by REITs and InVITs. The liquidity of the scheme’s investments is inherently restricted by trading volumes and settlement periods. In the event of an inordinately large number of redemption requests, or of a restructuring of the scheme’s investment portfolio, these periods may become significant. In view of the same, the Trustees have the right in their sole discretion to limit redemptions (including suspending redemptions) under certain circumstances as specified in the Scheme Information Document.

The Scheme is subjected to risk factors associated with investments in Debt & Money Market Instruments, Derivatives, Securitized Debt, REITs and InVITs, ADR/GDR/Foreign Securities and segregated portfolio. Besides, the scheme is also subjected to risk associated with imperfect hedge using interest rate futures, Foreign Securities, repo transactions in corporate debt

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securities, Currency Risk, and Settlement Risk associated with securities as detailed in the SID.

Risk Control Investments in debt and debt related securities carry various risks such as inability to sell securities, trading volumes and settlement periods, market risk, interest rate risk, liquidity risk, default risk, reinvestment risk etc. Whilst such risks cannot be eliminated, they may be mitigated by diversification and hedging.

Further, the AMC has necessary framework in place for risk mitigation at an enterprise level. The Risk Management division is an independent division within the organization. Internal limits are defined and judiciously monitored. Risk indicators on various parameters are computed and are monitored on a regular basis. There is a Board Level Committee, the Risk Management Committee of the Board, which enables a dedicated focus on risk factors and the relevant risk mitigates.

For risk control, the following may be noted:

Liquidity risks: The liquidity of the Scheme’s investments may be inherently restricted by trading volumes, transfer procedures and settlement periods. Liquidity Risk can be partly mitigated by diversification, staggering of maturities as well as internal risk controls that lean towards purchase of liquid securities.

Interest Rate Risk: Changes in interest rates affect the prices of bonds. If interest rates rise the prices of bonds fall and vice versa. A well-diversified portfolio may help to mitigate this risk.

Credit Risks Credit risk shall be mitigated by investing in rated papers of the companies having the sound back ground, strong fundamentals, and quality of management and financial strength of the Company.

Risks Associated with Investment in REITs AND InvITs: The Investment Manager endeavours to invest in REITs/InvITs, where adequate due diligence and research has been performed by the Investment Manager. The Investment Manager also relies on their own research as well as third party research. This involves one-to-one meetings with the managements, attending conferences and analyst meets and also tele-conferences. The analysis will focus, amongst others, on the predictability and strength of cash flows, value of assets, capital structure, business prospects, policy environment, strength of management, responsiveness to business conditions, etc. Plans /Options The scheme would have two plans viz. Direct Plan & Regular Plan.

Direct Plan:

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Direct Plan is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund or through Registered Investment Advisor (RIA) and is not available for investors who route their investments through a Distributor. All the features of the Direct Plan under Scheme like the investment objective, asset allocation pattern, investment strategy, risk factors, facilities offered, load structure etc. will be the same except for a lower expense ratio as detailed in Section IV – Fees and Expenses – B. – Annual Recurring Expenses of the SID. Brokerage/Commission paid to distributors will not be paid / charged under the Direct Plan. Both the plans shall have a common portfolio.

Eligible investors: All categories of investors as permitted under the Scheme Information Document of the Scheme are eligible to subscribe under Direct Plan.

Modes for applying: Investments under Direct Plan can be made through various modes offered by the Mutual Fund for investing directly with the Mutual Fund.

How to apply: Investors desirous of subscribing under Direct Plan of a Scheme will have to ensure to indicate “Direct Plan” against the Scheme name in the application form. Investors should also indicate “Direct” in the ARN column of the application form.

Regular Plan This Plan is for investors who wish to route their investment through any distributor.

The default plan in following cases will be:

Broker Code mentioned Plan mentioned by Default Plan to be Scenario by the investor the investor captured

1 Not mentioned Not mentioned Direct Plan

2 Not mentioned Direct Direct Plan

3 Not mentioned Regular Direct Plan

4 Mentioned Direct Direct Plan

5 Direct Not Mentioned Direct Plan

6 Direct Regular Direct Plan

7 Mentioned Regular Regular Plan

8 Mentioned Not Mentioned Regular Plan

In cases of wrong/ invalid/ incomplete ARN codes mentioned on the application form, the application shall be processed under Regular Plan. The AMC shall contact and obtain the correct ARN code within 30 calendar days of the receipt of the application form from the investor/ distributor. In case, the correct code is not received within 30 calendar days, the AMC shall reprocess the transaction under Direct Plan from the date of application without any exit load.

Default Options

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Both plans will have growth and dividend option. Between “Growth” or “Dividend” option, the default will be treated as “Growth”. Dividend option will have Reinvestment, Payout and Transfer facilities. Between “Reinvestment”, “Payout” or “Transfer”, the default will be treated as Payout .

Accordingly, any change in dividend option (payout / reinvestment) will reflect for all the units held under the scheme / folio. 1. Applicable NAV For subscription of below Rs. 2 lakhs

In respect of valid applications received upto 3 p.m. by the Mutual Fund at any of the OPAT of SBI MF along with a local cheque or a demand draft payable at par at the place where the application is received, the closing NAV of the day on which application is received shall be applicable. In respect of valid applications received after 3 p.m. by the Mutual Fund at any of the OPAT along with a local cheque or a demand draft payable at par at the place where the application is received, the closing NAV of the next business day shall be applicable.

Note In case where more than one application is received for purchase/subscription/switch-in in a debt scheme (irrespective of the plan/option/sub-option) of the Fund for an aggregate investment amount equal to or more than Rs.2 lakh on any business day, then such applications shall be aggregated at Permanent Account Number (PAN) level of the first holder. Such aggregation shall be done irrespective of the number of folios under which the investor is investing and irrespective of source of funds, mode, location and time of application and payment.

Accordingly, the applicable NAV for such investments shall be the day on which the clear funds are available for utilization before the cut off time. In case the funds are received on separate days and are available for utilization on different business days before the cut off time, the applicable NAV shall be of the Business day/s on which the cleared funds are available for utilization for the respective application amount.

For Redemptions including Switch out: In respect of valid applications received upto 3.00 p.m. by the Mutual Fund, same days closing NAV shall be applicable. In respect of valid applications received after the cut off time by the Mutual Fund, the closing NAV of the next business day shall be applicable. Minimum Purchase: Rs. 5000/- and in multiples of Re. 1 thereafter Investment Additional Purchase: Rs. 1000/- and in multiples of Re. 1 thereafter Amount/Number Repurchase: Rs.500/- or 1 Unit or account balance whichever is lower. Please note that because of units of redemption, if the outstanding balance amount falls below the minimum redemption amount as per the scheme features, SBIMF reserves the right to redeem the balance units at applicable repurchase price.

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AUM of the AUM: Rs. 2,673.44 Crores Scheme & Number No. of Folios: 43,980 of Folios as on December 31, 2020

Despatch of Within 10 business days of the receipt of the repurchase (redemption) request at the authorized Repurchase Point of Acceptance of SBI Mutual Fund. (Redemption) request Benchmark Index NIFTY Composite Debt Index Dividend Policy Dividend declaration under the dividend option of the scheme is subject to the availability of distributable surplus and recommendation of the AMC, subject to approval of the trustees and no returns are assured under the schemes. Fund Manager Mr. Dinesh Ahuja Mr. Mohit Jain is the dedicated fund manager for overseas securities Fund Manager - Mr. Dinesh Ahuja: 10 Years; Managing since January 2011. Tenure of Mr. Mohit Jain – Managing since November 2017 Managing the Scheme Trustee Company SBI Mutual Fund Trustee Company Private Limited

Segregation of Creation of segregated portfolio shall be subject to following guidelines specified by SEBI as per Portfolio circular no. SEBI/HO/IMD/DF2/CIR/ P/2018/160 dated December 28, 2018 and circular no. SEBI/HO/IMD/DF2/CIR/P/2019/127 dated November 07, 2019. Performance of the Performance of the scheme (As on December 31, 2020) scheme Scheme Name 1 year 3 years 5 years Since Inception SBI Dynamic Bond Fund - Regular Plan - Growth 10.34 9.34 9.40 6.22 Benchmark: - NIFTY Composite Debt Index 12.46 9.62 9.07 7.34 Inception Date: 9th Feb 2004

Financial Year Wise Returns 16.00 14.00 12.00 10.00 8.00

6.00 Returns (%) 4.00 2.00 0.00 2015-16 2016-17 2017-18 2018-19 2019-20 Financial Year

SBI Dynamic Bond Fund NIFTY Composite Debt Index

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Scheme’s Portfolio Fund Allocation towards Various Sectors Holdings Sector Name % of Net Asset (December 31, SOVEREIGN 57.13 2020) TELECOM 10.95

Top Ten Holdings

Issuer % of Net Asset GOVERNMENT OF INDIA 57.13 BHARAT SANCHAR NIGAM LTD. 6.24 MAHANAGAR TELEPHONE NIGAM LTD. 4.71

Portfolio Turnover N.A. Ratio Website link to obtain scheme’s https://www.sbimf.com/en-us/portfolios latest monthly portfolio holdings

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Expenses of the scheme (i) Load Structure Entry Load: Not applicable Exit Load: For exit within one month from the date of allotment: • For 10% of investments: Nil • For remaining investment: 0.25%

For exit after one month from the date of allotment – Nil (ii) Recurring expenses The AMC has estimated that upto 2.00% (plus allowed under regulation 52(6A) of the daily net asset will be charged to the scheme as expenses. The maximum annual recurring expenses that can be charged to the Scheme, excluding issue or redemption expenses, whether initially borne by the mutual fund or by the asset management company, but including the investment management and advisory fee shall be within the limits stated in Regulations 52 read with SEBI circular no. CIR/IMD/DF/21/2012 dated September 13, 2012. The AMC may charge the investment and advisory fees within the limits of total expenses prescribed under Regulation 52 of the SEBI (Mutual Funds) Regulations.

Pursuant to SEBI Circular No. SEBI /HO/IMD/DF2/CIR/P/2018/15 dated February 02, 2018, additional expenses under regulation 52 (6A) (c) shall not be levied if the scheme doesn’t have exit load.

Any other expenses which are directly attributable to the Scheme, may be charged with the approval of the Trustee within the overall limits as specified in the Regulations except those expenses which are specifically prohibited.

These estimates have been made in good faith as per the information available to the Investment Manager based on past experience and are subject to change inter-se. Types of expenses charged shall be as per the SEBI (MF) Regulations. Pursuant to SEBI Notification dated December 13, 2018, the maximum total expenses of the scheme under Regulation 52(6)(c) shall be subject to following limits Assets under management (in Rs Crores) Total expense ratio limits On the first Rs.500 crores of the daily net assets 2.00% On the next Rs.250 crores of the daily net assets 1.75% On the next Rs.1,250 crores of the daily net 1.50% assets On the next Rs.3,000 crores of the daily net 1.35% assets On the next Rs.5,000 crores of the daily net 1.25% assets On the next Rs.40,000 crores of the daily net Total expense ratio reduction of 0.05% for assets every increase of Rs.5,000 crores of daily net assets or part thereof. On balance of the assets 0.80%

The scheme may charge additional expenses incurred towards different heads mentioned under regulations (2) and (4), not exceeding 0.05% of the daily net assets. In addition to expenses as permissible under Regulation 52 (6) (c), the AMC may charge the following additional costs or expenses to the scheme: 1. The Goods & service tax on investment management and advisory fees would be charged in addition to above limit.

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2. Brokerage and transaction costs which are incurred for the purpose of execution of trade and is included in the cost of investment, not exceeding 0.12 per cent in case of cash market transactions and 0.05 percent for derivative transaction. Further, In terms of SEBI circular CIR/IMD/DF/24/2012 dated November 19, 2012, It is clarified that the brokerage and transaction cost incurred for the purpose of execution of trade may be capitalized to the extent of 12bps and 5bps for cash market transactions and derivatives transactions respectively. Any payment towards brokerage and transaction cost, over and above the said 12 bps and 5bps for cash market transactions and derivatives transactions respectively may be charged to the scheme within the maximum limit of Total Expense Ratio (TER) as prescribed under regulation 52 of the SEBI (Mutual Funds) Regulations, 1996. Goods & service tax on brokerage and transaction cost paid for execution of trade, if any, shall be within the limit prescribed under regulation 52 of the Regulations 3. In terms of Regulation 52 (6A) (b), expenses not exceeding of 0.30 per cent of daily net assets will be charged, if the new inflows from such cities as specified from time to time are at least – (i) 30 percent of gross new inflows in the scheme, or; (ii) 15 percent of the average assets under management (year to date) of the scheme, whichever is higher: Provided that if inflows from such cities is less than the higher of sub-clause (i) or sub- clause (ii), such expenses on daily net assets of the scheme shall be charged on proportionate basis: Provided further that expenses charged under this clause shall be utilised for distribution expenses incurred for bringing inflows from such cities: Provided further that amount incurred as expense on account of inflows from such cities shall be credited back to the scheme in case the said inflows are redeemed within a period of one year from the date of investment. 4. Further, GST on expenses other than investment and advisory fees shall be borne by the Scheme within the maximum limit of annual recurring expenses as prescribed in Regulation 52.

Actual expenses for the previous financial year ended March 31, 2020:

Scheme Name Regular Plan Direct Plan SBI Dynamic Bond Fund 1.65% 1.05%

Tax treatment for Investors will be advised to refer to the details in the Statement of Additional Information & also the Investors independently refer to their tax advisor.

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Daily Net Asset NAV of the Scheme shall be computed and declared on every business day and shall be disclosed Value (NAV) in the manner as may be specified by SEBI. NAV can be viewed on www.sbimf.com and Publication www.amfiindia.com Monthly/Fortnightl The Fund shall disclose the scheme’s portfolio (along with the ISIN) in the prescribed format as on y Disclosure of the last day of the month for all the Schemes of SBI Mutual Fund on its website i.e. Schemes’ Portfolio www.sbimf.com and on the AMFI’s website i.e. www.amfiindia.com within 10 days from the close Statement of the month. Further, the Statement of Scheme portfolio shall be emailed to those unitholders whose email addresses are registered with the Fund within the above prescribed timeline. Further, the AMC shall provide physical copy of the statement of scheme portfolio, without charging any cost, on receipt of a specific request from the unitholder. Pursuant to SEBI Circular no. SEBI/HO/IMD/DF3/CIR/P/2020/130 dated July 22, 2020, the fund shall also disclose the scheme’s portfolio in the prescribed format along with the ISIN on fortnightly basis within 5 days of every fortnight on its website www.sbimf.com Prudential limits on The Fund shall ensure that total exposure of the Scheme, in a particular sector (excluding portfolio investments in Bank CDs, TRIPARTY REPO, G-Secs, TBills, short term deposits of scheduled concentration commercial banks and AAA rated securities issued by Public Financial Institutions and Public- Sector Banks) shall not exceed 20% of the net assets of the scheme; Provided that an additional exposure to financial services sector (over and above the limit of 20%) not exceeding 10% of the net assets of the scheme shall be allowed only by way of increase in exposure to Housing Finance Companies (HFCs); Further, an additional exposure of 5% of the net assets of the scheme has been allowed for investments in securitized debt instruments based on retail housing loan portfolio and/or affordable housing loan portfolio. Provided further that the additional exposure to such securities issued by HFCs are rated AA and above and these HFCs are registered with National Housing Bank (NHB) and the total investment/ exposure in HFCs shall not exceed 20% of the net assets of the scheme. Annual Report Scheme wise Annual Report or an abridged summary thereof shall be provided to all unitholders within four months from the date of closure of the relevant accounts year i.e. 31st March each year as follows: 1. The Scheme wise annual report / abridged summary thereof shall be hosted on website of the Fund i.e., www.sbimf.com and on the website of AMFI i.e. www.amfiindia.com. The physical copy of the scheme-wise annual report or abridged summary shall be made available to the unitholders at the registered office of SBI Mutual Fund at all times. 2. The scheme annual report or an abridged summary thereof shall be emailed to those unitholders whose email addresses are registered with the Fund. 3. The AMC shall publish an advertisement on annual basis, in the all India edition of at least two daily newspapers, one each in English and Hindi; disclosing the hosting of the scheme wise annual report on its website viz. www.sbimf.com and on the website of AMFI i.e. www.amfiindia.com and the modes through which a written request can be submitted by the unitholder for obtaining a physical or electronic copy of the scheme-wise annual report or abridged summary. 4. The AMC shall provide physical copy of the abridged summary of the Annual report, without charging any cost, on receipt of a specific request from the unitholder. For Investor Grievances, please Registrar SBI Mutual Fund Contact

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Computer Age Management Mr. C.A.Santosh Services Ltd., (Investor Relations Officer) (SEBI Registration No.: INR000002813) SBI Funds Management Pvt. Ltd. Rayala Towers 158, Anna Salai 9th Floor, Crescenzo, Chennai - 600002 C-38 & 39, G Block, Tel No.: (044) 28881101/36 Bandra Kurla Complex, Bandra (East), Fax: (044) 30407101 Mumbai – 400 051 Email: [email protected], Tel: 022- 61793537 Website: www.camsonline.com Email: [email protected] Unit holders’ Pursuant to Regulation 36 of the SEBI Regulation, the following shall be applicable with respect to Information account statement: The asset management company shall ensure that consolidated account statement for each calendar month is issued, on or before tenth day of succeeding month, detailing all the transactions and holding at the end of the month including transaction charges paid to the distributor, across all schemes of all mutual funds, to all the investors in whose folios transaction has taken place during that month:

Provided that the asset management company shall ensure that a consolidated account statement every half yearly (September/March) is issued, on or before tenth day of succeeding month, detailing holding at the end of the six months, across all schemes of all mutual funds, to all such investors in whose folios no transaction has taken place during that period.

Provided further that the asset management company shall identify common investor across fund houses by their permanent account number for the purposes of sending consolidated account statement. • Account Statements for investors holding demat accounts: Subsequent account statement may be obtained from the depository participants with whom the investor holds the DP account. • The asset management company shall issue units in dematerialized form to a unitholder of the Scheme within two working days of the receipt of request from the unitholder.

In terms of SEBI Circular No. IR/MRD/DP/31/2014 dated November 12, 2014 on Consolidated Account Statement, investors having Demat account has an option to receive consolidated account statement:

• Investors having MF investments and holding securities in Demat account shall receive a single Consolidated Account Statement (CAS) from the Depository.

• Consolidation of account statement shall be done on the basis of Permanent Account Number (PAN). In case of multiple holding, it shall be PAN of the first holder and pattern of holding. The CAS shall be generated on a monthly basis.

• If there is any transaction in any of the Demat accounts of the investor or in any of his mutual fund folios, depositories shall send the CAS within ten days from the month end. In case, there is no transaction in any of the mutual fund folios and demat accounts then CAS with holding details shall be sent to the investor on half yearly basis.

• In case an investor has multiple accounts across two depositories, the depository with whom the account has been opened earlier will be the default depository.

The half yearly portfolio of scheme (along with the ISIN) shall be disclosed within 10 days from close of each half year on the Website of the Mutual Fund (www.sbimf.com) and on the Website

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of AMFI (www.amfiindia.com). Also, the Fund shall email the half yearly portfolio to the unitholders whose email address is registered with the Fund within 10 days from close of each half year. The AMC shall publish an advertisement in all India edition of at least two daily newspapers, one each in English and Hindi, every half year disclosing the hosting of the half- yearly statement of the schemes portfolio on the Website of the Mutual Fund and on the Website of AMFI and shall also specify the modes through which a written request can be submitted by the unitholder for obtaining a copy of the statement of scheme portfolio. Further, before expiry of one month from the close of each half year i.e. on March 31 or September 30, the Fund shall host a soft copy of half – yearly unaudited financial results on the website of the Fund and that of AMFI. A notice shall be published disclosing the hosting of such financial results on the website of the mutual fund, in atleast one English daily newspaper having nationwide circulation and in a newspaper having wide circulation published in the language of the region where the Head Office of the mutual fund is situated. Note - For further details of the Scheme, investors are requested to refer Scheme Information Document How this scheme is different from the existing schemes of SBI Mutual Fund:

AUM (Rs in Folio crores) (as (as on Scheme Investment Investment Strategy Asset Allocation on December 31, Name objectives December 2020) 31, 2020) SBI Debt To provide the Investments under the fund will • Equity and Equity related 1,013.12 26772 Hybrid investors an be a mix of debt, equity & Instruments (including Fund opportunity to money market instruments. derivatives) - 10% - 25%; invest primarily in Debt instruments will be • Debt instruments (including debt derivatives) and Money Debt and Money invested based on evaluation of Market instruments market macro-economic factors, (including TRIPARTY REPO, instruments and market dynamics and issuer Reverse repo and equivalent) secondarily in specific factors. Maximum - 75% 90%; equity and equity exposure to equities is capped • Units issued by REITs and related at 25% in this scheme. InVITs – 0% - 10%. instruments.

SBI To provide the The scheme aims to generate • Debt (including securitized 3,670.30 48987 Credit investors an attractive returns through high- debt) and Money Market Risk Fund opportunity to yielding corporate debt Instruments -upto 100% securities which are rated predominantly • ADR/GDR/Foreign Securities below the highest rating. The – 0% - 25% invest in corporate fund will follow an active credit • Units issued by REITs and bonds rated AA or management strategy. InVITs – 0% - 10% below (excluding Performance will depend on AA+ rated the Asset Management corporate bonds) Company’s ability to accurately so as to generate assess the financial position of the security issuers regarding attractive returns paying off its debt. The while maintaining investments may be made in moderate liquidity primary as well as secondary in the portfolio markets. The portfolio will be through sufficiently diversified to investment in minimize credit risk. The Scheme being open-ended,

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AUM (Rs in Folio crores) (as (as on Scheme Investment Investment Strategy Asset Allocation on December 31, Name objectives December 2020) 31, 2020) money market some portion of the portfolio securities. will be invested in money market instruments so as to meet the liquidity requirements.

SBI Multi To provide the Investments under the fund will • Equity and Equity 224.43 11640 Asset investors an be predominantly in a mix of related Instruments Allocatio opportunity to debt & debt related (including derivatives instruments, equity n Fund invest in an actively and Equity ETFs*) - 10 & equity related instruments, & managed portfolio gold & gold related instruments %-80%; of multiple asset including domestic and • Debt instruments classes. overseas (including Central and ETFs, units of REITs and InvITs State Government and such other asset classes as securities, debt SEBI may prescribe from time derivatives and debt to time. ETFs*) and Money Debt instruments will be invested based on evaluation of market instruments – macro-economic factors, 10% - 80% market dynamics • Gold related and issuer specific factors. instruments^^/Gold ETFs – 10% - 80%

*including domestic and overseas ETFs

Units of REITs and InvITs and such other asset classes as SEBI may prescribe from time to time. 0%-10%

• ^^ As defined in SEBI (Mutual Funds) Regulation, 1996 and circulars issued from time to time and in terms of SEBI circular no. SEBI/HO/IMD/DF2/CIR/P/20 19/65 dated May 21, 2019,

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AUM (Rs in Folio crores) (as (as on Scheme Investment Investment Strategy Asset Allocation on December 31, Name objectives December 2020) 31, 2020) the Scheme may participate in ETCDs having gold as the Underlying and hence may hold the underlying gold in case of physical settlement of contracts, in that case the mutual fund scheme shall dispose of gold from the books of the scheme, at the earliest, not exceeding 30 days from the date of holding of the physical gold.

SBI To provide the An open-ended debt scheme • Money market instruments 22,089.86 209255 Savings investors an investing in money market including CPs, CDs, Fund opportunity to instruments as defined by Commercial Bills, T-Bills, invest in money SEBI / RBI from time to time. Government securities having an unexpired maturity market instruments The investment strategy up to one year, call or notice would be towards generating money, Usance bills, and stable returns through a Non-Convertible Debentures portfolio of Money Market (NCDs) of original or initial instruments seeking to maturity up to one year – 0% capture the term and credit - 100% spreads

SBI To provide The scheme will invest its • Debt instruments (including 16,336.89 72707 Magnum investors an corpus in the entire range of Central and State Low opportunity to debt and money market Government(s) securities, Debt derivatives), and Duration generate regular securities in line with the Money Market instruments – Fund income with investment objective to 0% - 100% reasonable degree provide attractive risk- of liquidity adjusted returns to its through investors through active investments in management of credit risk debt and money and interest rate risk in its market portfolio. instruments in such a manner that the Macaulay duration of the portfolio is between 6 months

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AUM (Rs in Folio crores) (as (as on Scheme Investment Investment Strategy Asset Allocation on December 31, Name objectives December 2020) 31, 2020) and 12 months

SBI Liquid To provide the The scheme will invest in the • Debt instruments (including 45,215.15 68345 Fund investors an entire range of debt and Debt derivatives) and Money opportunity to money market instruments Market instruments with a invest in the entire in line with the investment residual maturity upto 91 Days only – 0% - 100% range of debt and objective to provide • Securitized Debt with a money market attractive risk-adjusted residual maturity upto 91 securities with returns to its investors while Days only – 0% -20% residual maturity maintaining a high degree of upto 91 days only liquidity to the investments.

SBI Short To provide The scheme will invest based • Debt instruments (including 23,370.29 89277 Term investors an on a continuous evaluation Central and State Debt opportunity to of macro-economic factors, Government(s) securities, debt derivatives) and Money Fund generate regular market dynamics and debt- Market instruments – 65% - income through issuer specific factors. The 100%; investments in a scheme will invest its corpus • Securitized Debt – 0% - 35%. portfolio in the entire range of debt comprising and money market securities predominantly of in line with the investment debt instruments objective to provide which are rated attractive risk-adjusted not below returns to its investors investment grade through active management and money market of credit risk and interest instruments such rate risk in its portfolio. that the Macaulay duration of the

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AUM (Rs in Folio crores) (as (as on Scheme Investment Investment Strategy Asset Allocation on December 31, Name objectives December 2020) 31, 2020) portfolio is between 1 year and 3 years

SBI To provide returns Investment in Central and/or • Central and State Government 4,398.67 35695 Magnu to the investors State Government securities securities, T-Bills – 80% - m Gilt generated through are considered to be free of 100%; Fund investments in credit risk. However the aim • TRIPARTY REPO, Repo and Cash – 0% - 20%; Government of the portfolio will be to

securities issued by make capital gains by actively the Central managing interest rate risk. Government and/or State Government(s).

SBI To provide returns Investment in Central and/or • Central Government and State 852.60 27541 Magnu to the investors State Government securities Government securities, T-Bills m generated through are free of credit risk. – 80% - 100% Consta investments However, the aim of the • TRIPARTY REPO, Repo and Cash – 0% - 20% nt predominantly in portfolio will be to make Maturit Government capital gains by actively y Fund securities issued by managing interest rate risk. the Central Government and/or State Government such that the Average Maturity of the portfolio is around 10 years.

SBI To provide An open ended ultra-short • Debt instruments (including 14,315.62 41376 Magnum investors with an duration debt scheme Central and State Ultra opportunity to investing in instruments such Government(s) securities, Debt derivatives) and Money Short generate regular that the Macaulay duration Market instruments - 0% - Duration income with high of Portfolio is between 3 100% Fund degree of liquidity months and 6 months. The through scheme will invest its corpus investments in a in the entire range of debt portfolio and money market securities comprising in line with the investment predominantly of objective to provide debt and money attractive risk-adjusted market instruments returns to its investors through active management of credit risk and interest

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AUM (Rs in Folio crores) (as (as on Scheme Investment Investment Strategy Asset Allocation on December 31, Name objectives December 2020) 31, 2020) rate risk in its portfolio.

SBI To provide the The proportion of the • Equities or equity related 73.48 9499 Magnum investors an scheme portfolio invested in instruments (including Children’ opportunity to earn each type of security will derivatives) – 0% - 25% s Benefit regular income vary in accordance with • Debt instruments (including Central and State Fund – predominantly economic conditions, Government(s) securities) Savings through investment interest rates, liquidity and and Money market Plan in debt and money other relevant instruments (including market instruments considerations, including the TRIPARTY REPO, Reverse and capital risks associated with each repo and equivalent) – 75% - appreciation investment. The scheme 100% through an actively intends to invest upto 25% • Securitized Debt – 0% - 10% • Units issued by REITs & InvITs managed equity of the corpus in equity and – 0% -10% portfolio equity related instruments

SBI To provide The scheme will invest its Debt instruments 6,920.69 95273 Magnu investors an corpus in the entire range of m opportunity to debt and money market • (including Central and State Government(s) Mediu generate attractive securities in line with the securities, debt m returns with investment objective to derivatives) and Money Duratio moderate degree provide attractive risk- Market instruments -0%- n Fund of liquidity adjusted returns to its 100%; through investors through active • Units issued by REITs and investments in management of credit risk InVITs – 0% - 10% debt and money and interest rate risk in its market portfolio. instruments such that the Macaulay duration of the portfolio is between 3 years – 4 years.

However, there is no guarantee or assurance that the investment objective of the scheme will be achieved. The scheme doesn’t assure or guarantee any returns.

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AUM (Rs in Folio crores) (as (as on Scheme Investment Investment Strategy Asset Allocation on December 31, Name objectives December 2020) 31, 2020) SBI To provide The scheme will invest based • Debt instruments 1,765.87 27558 Magnu investors an on a continuous evaluation (including Central and State m opportunity to of macro-economic factors, Government securities, debt Income generate regular market dynamics and debt- derivatives) and Money Market Fund income through issuer specific factors. The instruments – 0% - 100% investments in scheme will invest its corpus • debt and money in the entire range of debt Units issued by REITs and InVITs – 0% -10% market and money market securities

instruments such in line with the investment • Securitized Debt – 0% -20% that the Macaulay objective to provide duration of the attractive risk-adjusted portfolio is returns to its investors between 4 years through active management and 7 years. of credit risk and interest rate risk in its portfolio. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved. The scheme doesn’t assure or guarantee any returns.

SBI To provide the The Fund will invest in • Overnight securities or 9,157.93 8810 Overnig investors an overnight securities to instruments maturing in ht Fund opportunity to generate returns the next business day invest in overnight corresponding to the (including TRIPARTY REPO, Reverse Repo and securities maturing overnight rates in the money equivalent) – 0% - 100% on the next markets. business day.

SBI To provide SBI Dynamic Asset Allocation • Equity & Equity related 602.08 18992 Dynami investors with an Fund endeavours to meet the instruments including foreign c Asset opportunity to objective of this fund mainly securities and derivatives – 0% – 100% Allocati invest in a from asset allocation between • Debt instruments (including on portfolio which is a asset classes. This approach Central and State Fund mix of equity and will help reduce the risk of Government securities, debt equity related tracking the individual asset derivatives) & Money Market securities and classes. Based on historical Instruments (including fixed income observation, these asset TRIPARTY REPO, Reverse instruments. The classes exhibit very different Repo and equivalent) - 0% – 100%

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AUM (Rs in Folio crores) (as (as on Scheme Investment Investment Strategy Asset Allocation on December 31, Name objectives December 2020) 31, 2020) allocation between risk – return profile and a low fixed income and correlation to each other. equity instruments Both Debt and Equity tend to will be managed outperform each other on a dynamically so as relative risk adjusted basis to provide under different market investors with long conditions. The fund strategy term capital is based on the persistence of appreciation such outperformance over longer periods. The Scheme will allocate higher weight to the asset class that is relatively favourable under the prevailing market and economic conditions. The fund manager will aim for a superior risk adjusted returns over long time periods. The entire approach is rule based and involves a list of checklists and filters to generate buy and sell signals. The key feature of this approach is its design to buy into weakness and to sell into strength.

The optimal allocation between Equity, Debt and Cash will be based on three principles:

• Momentum

• Rate of change in momentum

• Exhaustion of momentum

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AUM (Rs in Folio crores) (as (as on Scheme Investment Investment Strategy Asset Allocation on December 31, Name objectives December 2020) 31, 2020) using a combination of moving averages for different terms, we expect a higher stability and confidence in the momentum indicator. The asset class that shows a higher ratio between current price and the moving average price will get a higher weighting.

2. Rate of change: The model uses the rate of change in the momentum of the underlying assets in addition to the relative strength of the momentum to mitigate the risk of frequent changes in the signals. For an asset class to be considered strongly trending higher not only does the current price need to be above the moving averages but also the rate of change for the moving averages also need to be positive.

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AUM (Rs in Folio crores) (as (as on Scheme Investment Investment Strategy Asset Allocation on December 31, Name objectives December 2020) 31, 2020) reversal in price trend is quite high. The strategy involves tracking price behaviour and identifying price relationships that typically appear prior to and coincident with market turning points.

This framework requires the fund manager to monitor the level, rate of change and pattern of changes in the momentum for these asset classes on a regular basis. Under normal conditions, the fund manager would take the decision to reallocate the funds based on the relative strength of momentum and its rate of change for each asset class. However, given the indications of momentum exhaustion reallocation will be based on the contrary stance to the existing momentum signal. In this framework, Fund Manager will use the “momentum-exhaustion” strategy solely on the equity asset class. When either a buy or sell signal is triggered using this strategy, the weight obtained for equity using the Momentum and Rate of change framework will be over-ruled. In other words, under a “Buy” signal, the portfolio will entirely shift to the equity asset class while under the “Sell” signal, the equity weight in the portfolio will be reduced to zero. This will last as long as the buy or sell signal is active. The “momentum-exhaustion”

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AUM (Rs in Folio crores) (as (as on Scheme Investment Investment Strategy Asset Allocation on December 31, Name objectives December 2020) 31, 2020) signals will eventually get deactivated either upon realizing a pre-calculated profit target or upon reaching a stop-loss level. Buy and sell signals using the “momentum-exhaustion” strategy is triggered relatively infrequently.

The frequency of reallocation and portfolio turnover will be maintained under control by allowing small deviation from the target weights suggested by the above strategy. The asset classes will retain market adjusted weights as long as the deviation from targeted weight is below an absolute percentage threshold. The allocation strategy of SBI Dynamic Asset Allocation Fund, under certain volatile market conditions, may signal frequent rebalancing of the portfolio in a short period of time.

The Scheme will use the derivatives for portfolio rebalancing. Use of derivatives will provide us the ability to follow these frequent signals and efficiently manage the fund. Derivatives on major equity indices are more liquid and less expensive to transact in comparison to selling or buying each individual securities in the portfolio. Derivatives will provide the ability to make larger changes in the allocation without

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AUM (Rs in Folio crores) (as (as on Scheme Investment Investment Strategy Asset Allocation on December 31, Name objectives December 2020) 31, 2020) increasing the risk of illiquidity. The exposure to derivatives will be gradually reduced as the market retains a stable trend.

SBI To provide the The scheme aims to generate • Corporate Bonds rated AA+ 28,564.38 284299 Corpor investors an attractive returns through and above only- 80%-100% ate opportunity to high quality corporate debt • Debt instruments other than Bond predominantly securities which are rated AA+ above including Central and State Government (s) dated Fund invest in corporate and above. Performance will securities and Money market bonds rated AA+ depend on the Asset instruments- 0%-20% and above to Management Company’s • Units of REITs and InVITs- generate ability to accurately assess the 0%-10% additional spread financial position of the on part of their security issuers regarding debt investments paying off its debt. The from high quality investments may be made in corporate debt primary as well as secondary securities while markets. The portfolio will be maintaining sufficiently diversified to moderate liquidity minimize credit risk. The in the portfolio Scheme being open-ended, through some portion of the portfolio investment in will be invested in money money market market instruments to meet securities. the liquidity requirements. However, there is no guarantee or assurance that the scheme’s objective will be achieved. The scheme does not guarantee or assure any returns.

SBI The scheme seeks An open-ended debt • Debt and money market 12,066.43 37670 Bankin to generate regular scheme predominantly instruments issued by Banks, g and income through a investing in debt & money PSUs, PFIs and Municipal bodies – 80% - 100% PSU judicious mix of market securities issued by • Debt instruments (including Fund portfolio comprising Banks, Public Sector Central and State predominantly debt Undertakings, Public Government(s) securities) and money market Financial Institutions and and money market securities of Banks, Municipal bodies. instruments other than Public Sector above – 0% -20%

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AUM (Rs in Folio crores) (as (as on Scheme Investment Investment Strategy Asset Allocation on December 31, Name objectives December 2020) 31, 2020) Undertakings, Public Financial Institutions and Municipal bodies.

SBI The investment The scheme proposes to • Floating rate securities* 70.64 1270 Floatin objective of the invest substantially in (including fixed rate g Rate scheme is to floating interest rate securities converted to generate regular floating rate exposures Debt securities, fixed income through using swaps / derivatives) Fund interest rate securities investment – 65%-100% in a portfolio swapped for floating rate • Fixed rate debt securities, comprising returns. The scheme may securitized debt, money substantially of also invest a market instruments and floating rate debt part of the portfolio in units of mutual funds instruments. The fixed rate debt securities including debt ETF – 0%- scheme may 35% and money market invest a portion of • Units issued by REIT/InVIT instruments. The aim of its net assets in – 0%-10% fixed rate debt the investment strategy * Floating rate securities securities swapped will be to allocate the include Floating rate Money for floating rate assets of the scheme Market Securities returns and money between various fixed market interest rate securities and instruments. floating interest rate However, there is no guarantee or securities and use assurance that the derivatives like swaps scheme’s objective and FRAs effectively with will be achieved. the objective of achieving The scheme does stable returns in the short not guarantee or as well as assure any returns. long term. Investment decision will be primarily guided by fundamental research and analysis. The fund manager will manage the portfolio based on the outlook on interest rates and liquidity etc. Such outlook will be developed by in-house assessment of various macro factors like economic growth, inflation, credit pick-up,

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AUM (Rs in Folio crores) (as (as on Scheme Investment Investment Strategy Asset Allocation on December 31, Name objectives December 2020) 31, 2020) liquidity and other such factors as considered relevant. The Scheme may also invest in the securities viz. units of REITs and InvITs subject to necessary stipulations by SEBI from time to time. Please refer to Common Debt KIM for guidelines, application forms and terms & conditions (including SIP, STP, SWP, Trigger, etc.)

Date: January 20, 2021

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Asset Management Company: SBI Funds Management Pvt. Ltd. (A Joint Venture between State Bank of India & AMUNDI)

KEY INFORMATION MEMORANDUM

Product Labelling

This product is suitable for investors who are seeking*: Riskometer

• Long term capital appreciation • Investment in equity and equity related instruments with maximum 30 stocks across multicap space

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Continuous offer of Units at NAV related prices on ongoing basis

This Key Information Memorandum (KIM) sets forth the information, which a prospective investor ought to know before investing. For further details of the Scheme/Mutual Fund, due diligence certificate by the AMC, Key Personnel, investors’ rights & services, risk factors, penalties & pending litigations etc. Investors should, before investment, refer to the Scheme Information Document and Statement of Additional Information available free of cost at any of the SBIFMPL branches or distributors or from the website www.sbimf.com.

KIM – SBI Focused Equity Fund Page 1

Type of Scheme An open ended equity scheme investing in maximum 30 stocks across multicap space Investment Objective The investment objective of the scheme is to provide the investor with the opportunity of long term capital appreciation by investing in a concentrated portfolio of equity and equity related securities. However, there can be no assurance that the investment objective of the scheme will be achieved. Asset Allocation The funds collected under the scheme shall generally be invested consistent with the objective of the Pattern scheme in the following manner: Indicative Allocation Instruments Risk Profile (% of total assets) Equity and equity related 65%-100% High instruments including derivatives Units issued by REIT/InVIT* 0%- 10% Medium to High Debt instruments (including 0%-35% Medium securitized debt) Money Market Instruments 0%-35% Low *The exposure will be in line with SEBI/AMFI limits specified from time to time The scheme may engage in stock lending - upto 20% of the net assets of the scheme Exposure to derivatives instruments to the extent of 50% of the Net Assets as permitted by SEBI The Scheme may seek investment opportunities in foreign securities including ADRs / GDRs / Foreign equity and debt securities subject to the Regulations. Such investment shall not exceed 35% of the net assets of the Scheme. The scheme may invest in mutual fund units as permissible. The Scheme may invest in repo in corporate debt. For detailed asset allocation, please refer the Scheme Information Document.

Investment Strategy The fund will follow a bottom-up approach to stock-picking and invest in companies across market capitalization and sectors. The fund will take high conviction bets and the total number of securities would be equal to or under 30.

Risk Profile of the Mutual Fund Units involve investment risks including the possible loss of principal. Please read the SID Scheme carefully for details on risk factors before investment. Scheme specific risk factors are summarized below: SBI Focused Equity Fund would be exposed to the following Scheme-specific Risk Factors i. Since investments are proposed to be made in the stocks of companies engaged in potentially emerging

businesses, a failure of such businesses to take off could pose a risk.

ii. Since a large part of the SBI Focused Equity Fund portfolio would be invested in companies which are

export dependant, a slowdown in the global economy could be a risk. iii. A sharp appreciation of the rupee in the short term may affect the export profitability of the companies adversely. iv. SBI Focused Equity Fund would be investing in equity & equity related instruments including derivatives, foreign securities, Units issued by REIT/InVIT, Debt instruments (including securitized debt) and money

market instruments (such as money market instrument, term/notice money market, repos, reverse repos

and any alternative to the call money market as may be directed by the RBI). The liquidity of the scheme’s investments is inherently restricted by trading volumes and settlement periods. In the event of an inordinately large number of redemption requests, or of a restructuring of the scheme’s investment portfolio, these periods may become significant. In view of the same, the Trustees have the right in their sole discretion to limit redemptions (including suspending redemptions) under certain circumstances. The scheme shall be subject to risk associated with equity and equity related instruments, REITs/InVIT, foreign securities, debt and money market instruments, securitized debt, derivatives and repo transactions in corporate debt securities. Besides, the scheme is also subjected to risk associated with Liquidity Risk, Settlement Risk, Stock lending risk & Regulatory Risk associated with securities as detailed in the SID.

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Further, the AMC has necessary framework in place for risk mitigation at an enterprise level. The Risk Management division is an independent division within the organization. Internal limits are defined and judiciously monitored. Risk indicators on various parameters are computed and are monitored on a regular basis. There is a Board level Committee, the Risk Management Committee of the Board, which enables a dedicated focus on risk factors and the relevant risk mitigates.

For risk control, the following may be noted:

Interest Rate Risk: Changes in interest rates affect the prices of bonds. If interest rates rise the prices of bonds fall and vice versa. A well-diversified portfolio may help to mitigate this risk.

Plans /Options The scheme would have two plans viz Direct Plan & Regular Plan. Direct Plan: Direct Plan is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund or through Registered Investment Advisor (RIA) and is not available for investors who route their investments through a Distributor. All the features of the Direct Plan under Scheme like the investment objective, asset allocation pattern, investment strategy, risk factors, facilities offered, load structure etc. will be the same except for a lower expense ratio as detailed in Section IV – Fees and Expenses – B. – Annual Recurring Expenses of the SID. Brokerage/Commission paid to distributors will not be paid / charged under the Direct Plan. Both the plans shall have a common portfolio. Eligible investors: All categories of investors as permitted under the Scheme Information Document of the Scheme are eligible to subscribe under Direct Plan. Modes for applying: Investments under Direct Plan can be made through various modes offered by the Mutual Fund for investing directly with the Mutual Fund. How to apply:

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Investors desirous of subscribing under Direct Plan of a Scheme will have to ensure to indicate “Direct Plan” against the Scheme name in the application form. Investors should also indicate “Direct” in the ARN column of the application form. Regular Plan This Plan is for investors who wish to route their investment through any distributor.

The default plan in following cases will be: Broker Code mentioned by Plan mentioned by the Default Plan to be Scenario the investor investor captured

1 Not mentioned Not mentioned Direct Plan

2 Not mentioned Direct Direct Plan

3 Not mentioned Regular Direct Plan

4 Mentioned Direct Direct Plan

5 Direct Not Mentioned Direct Plan

6 Direct Regular Direct Plan

7 Mentioned Regular Regular Plan

8 Mentioned Not Mentioned Regular Plan

Default Options Both plans will have growth and dividend option. Between “Growth” or “Dividend” option, the default will be treated as “Growth”. Dividend option will have Reinvestment, Payout and Transfer facilities. Between “Reinvestment”, “Payout” or “Transfer”, the default will be treated as Reinvestment.

Applicable NAV For subscription of below Rs. 2 lakhs - In respect of valid applications received upto 3 p.m. by the Mutual Fund at any of the OPAT of SBI Mutual Fund along with a local cheque or a demand draft payable at par at the place where the application is received, the closing NAV of the day on which application is received shall be applicable. In respect of valid applications received after 3 p.m. by the Mutual Fund at any of the OPAT of SBI Mutual Fund along with a local cheque or a demand draft payable at par at the place where the application is received, the closing NAV of the next business day shall be applicable.

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For subscription of Rs. 2 lakh & above: In respect of purchase of units of the scheme, the closing NAV of the day on which the funds are available for utilization shall be applicable, provided the funds are realised up to 3.00 pm on a business day, subject to the transaction being time stamped appropriately.

For Redemptions including switch-out: In respect of valid applications received on a business day, upto the 3.00 pm by the Mutual Fund, same day’s closing NAV shall be applicable. In respect of valid applications received after the 3.00 pm by the Mutual Fund, the closing NAV of the next business day shall be applicable. Minimum Application Minimum Investment Amount : Rs. 5000/- and in multiples of Re. 1 thereafter Amount Additional Purchase Amount: Rs. 1000/- and in multiples of Re. 1 thereafter Repurchase: Rs.500/- or 1 Unit or account balance whichever is lower. Please note that as a result of redemption, if the outstanding balance amount falls below the minimum redemption amount as per the scheme features, SBIMF reserves the right to redeem the balance units at applicable repurchase price Minimum Amount of Weekly – Minimum Rs 1000 & in multiples of Re. 1 thereafter for minimum 6 weeks SIP Monthly – Minimum Rs 1000 & in multiples of Re. 1 thereafter for minimum 6 months (or) minimum Rs 500 & in multiples of Re. 1 thereafter for minimum one year Quarterly – Minimum Rs 1500 & in multiples of Re. 1 thereafter for minimum one year Semi-Annual - Minimum Rs. 3000 & in multiples of Re. 1 thereafter for minimum of 4 instalments. Annual - Minimum Rs. 5000 & in multiples of Re. 1 thereafter for minimum of 4 instalments. Despatch of Within 10 business days of the receipt of the repurchase (redemption) request at the authorized Point of Repurchase Acceptance of SBI Mutual Fund. (Redemption) request Benchmark Index S&P BSE 500 TRI Dividend Policy Dividend declaration under the dividend option of the scheme is subject to the availability of distributable surplus and at the recommendation of the AMC, subject to approval of the trustees and no returns are assured under the schemes. Fund Manager Mr. R. Srinivasan Mr. Mohit Jain is the dedicated fund manager for managing overseas investments of the scheme Fund Manager – 10 Years. Managing since May 2009 Tenure of managing the scheme Trustee Company SBI Mutual Fund Trustee Company Private Limited Performance of the Performance of the scheme (As on April 30, 2019) scheme Scheme Name 1 year 3 years 5 years Since Inception SBI Focused Equity Fund - Regular Plan - 2.12 14.21 18.47 19.87 Growth

Benchmark: S&P BSE 500 TRI 2.87 15.07 14.36 15.35

As scheme benchmark TRI data is not available since inception of the scheme, benchmark performance is calculated using composite CAGR of S&P BSE 500 PRI values from 17-Sep-04 to 31-Jul-06 and TRI values since 01-Aug-06 Financial Year performance:

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Financial Year Wise Returns 60

20 Returns (%) 10

-10 2014-15 2015-16 2016-17 2017-18 2018-19 Financial Year

SBI Focused Equity Fund - Reg Growth S&P BSE 500 TRI

Schemes Portfolio Top 10 Holdings: Holding Issuer Name % of Net Asset (April 30, 2019) HDFC BANK LTD. 9.69 PROCTER & GAMBLE HYGIENE AND HEALTH CARE LTD. 6.02 INTERGLOBE AVIATION LTD. 5.34 STATE BANK OF INDIA 5.12 KOTAK MAHINDRA BANK LTD. 4.91 DIVI'S LABORATORIES LTD. 4.54 RELAXO FOOTWEARS LTD. 4.16 HATSUN AGRO PRODUCT LTD. 4.06 BAJAJ FINANCE LTD. 4.02 ALPHABET INC. 3.21

Fund Allocation towards various Sectors: Sector Name % of Net Asset FINANCIAL SERVICES 30.95 CONSUMER GOODS 25.17 SERVICES 7.45 INDUSTRIAL MANUFACTURING 6.43 CHEMICALS 5.42 PHARMA 4.54 IT 3.21 CONSTRUCTION 2.99 TELECOM 2.88 AUTOMOBILE 1.89

Portfolio Turnover 0.78 ratio (April 30, 2019) Website link to obtain https://www.sbimf.com/en-us/portfolios schemes latest

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monthly portfolio holding Expenses of the scheme (i) Load Structure Entry Load : Not applicable Exit Load: For exit within 1 year from the date of allotment - 1%; For exit after 1 year from the date of allotment - Nil. The AMC reserves the right to modify / change the load structure on a prospective basis.

The AMC has estimated that upto 2.25% (plus allowed under regulation 52(6A)) of the daily net asset will (ii) Recurring be charged to the scheme as expenses. The maximum annual recurring expenses that can be charged to expenses the Scheme, excluding issue or redemption expenses, whether initially borne by the mutual fund or by the asset management company, but including the investment management and advisory fee shall be within the limits stated in Regulations 52 read with SEBI circular no. CIR/IMD/DF/21/2012 dated September 13, 2012. The AMC may charge the investment and advisory fees within the limits of total expenses prescribed under Regulation 52 of the SEBI (Mutual Funds) Regulations.

Pursuant to SEBI Circular No. SEBI /HO/IMD/DF2/CIR/P/2018/15 dated February 02, 2018, additional expenses under regulation 52 (6A) (c) shall not be levied if the scheme doesn’t have exit load. Any other expenses which are directly attributable to the Scheme, may be charged with the approval of the Trustee within the overall limits as specified in the Regulations except those expenses which are specifically prohibited.

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• Brokerage and transaction costs (including Goods and Services Tax) which are incurred for the purpose of execution of trade and is included in the cost of investment, not exceeding 0.12 per cent in case of cash market transactions and 0.05 percent for derivative market trades. Further, in terms of SEBI circular CIR/IMD/DF/24/2012 dated November 19, 2012, it is clarified that the brokerage and transaction cost incurred for the purpose of execution of trade may be capitalized to the extent of 12bps and 5bps for cash market transactions and derivatives transactions respectively. Any payment towards brokerage and transaction cost, over and above the said 12 bps and 5bps for cash market transactions and derivatives transactions respectively may be charged to the scheme within the maximum limit of Total Expense Ratio (TER) as prescribed under regulation 52 of the SEBI (Mutual Funds) Regulations, 1996. Any expenditure more than the said prescribed limit (including brokerage and transaction cost, if any) shall be borne by the AMC or by the trustee or sponsors. • In terms of Regulation 52 (6A) (b), expenses not exceeding of 0.30 per cent of daily net assets will be charged, if the new inflows from such cities as specified from time to time are at least – i. 30 percent of gross new inflows in the scheme, or; ii. 15 percent of the average assets under management (year to date) of the scheme, whichever is higher:

Provided that if inflows from such cities is less than the higher of sub-clause (i) or subclause (ii), such expenses on daily net assets of the scheme shall be charged on proportionate basis:

Provided further that expenses charged under this clause shall be utilised for distribution expenses incurred for bringing inflows from such cities:

Provided further that amount incurred as expense on account of inflows from such cities shall be credited back to the scheme in case the said inflows are redeemed within a period of one year from the date of investment. • Further, GST on expenses other than investment and advisory fees shall be borne by the Scheme within the maximum limit of annual recurring expenses as prescribed in Regulation 52.

Any recurring expenses incurred over and above the aforesaid limit shall be borne by AMC.

Actual expenses for the previous financial year ending March 31, 2019: Scheme Name Regular Plan Direct Plan SBI Focused Equity Fund 2.41% 1.38%

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Waiver of Load for Pursuant to SEBI Circular No. SEBI/IMD/CIR No.4/168230/09 dated June 30, 2009 no entry load shall be Direct Applications charged for all mutual fund schemes. Therefore the procedure for waiver of load for direct applications is no longer applicable.

Tax treatment for the Investors will be advised to refer to the details in the Statement of Additional Information & also Investors independently refer to their tax advisor. Daily Net Asset Value NAV of the Scheme shall be computed and declared on every business day and shall be disclosed in the (NAV) manner as may be specified by SEBI. NAV can be viewed on www.sbimf.com and www.amfiindia.com Publication Monthly Disclosure of The Fund shall disclose the scheme’s portfolio (along with the ISIN) in the prescribed format as on the last Schemes’ Portfolio day of the month for all the Schemes of SBI Mutual Fund on its website i.e. www.sbimf.com and on the Statement AMFI’s website i.e. www.amfiindia.com within 10 days from the close of the month. Further, the Statement of Scheme portfolio shall be emailed to those unitholders whose email addresses are registered with the Fund within the above prescribed timeline. Further, the AMC shall provide physical copy of the statement of scheme portfolio, without charging any cost, on receipt of a specific request from the unitholder. Annual Report Scheme wise Annual Report or an abridged summary thereof shall be provided to all unitholders within four months from the date of closure of the relevant accounts year i.e. 31st March each year as follows: 1. The Scheme wise annual report / abridged summary thereof shall be hosted on website of the Fund i.e., www.sbimf.com and on the website of AMFI i.e. www.amfiindia.com. The physical copy of the scheme- wise annual report or abridged summary shall be made available to the unitholders at the registered office of SBI Mutual Fund at all times. 2. The scheme annual report or an abridged summary thereof shall be emailed to those unitholders whose email addresses are registered with the Fund. 3. The AMC shall publish an advertisement on annual basis, in the all India edition of at least two daily newspapers, one each in English and Hindi; disclosing the hosting of the scheme wise annual report on its website viz. www.sbimf.com and on the website of AMFI i.e. www.amfiindia.com and the modes through which a written request can be submitted by the unitholder for obtaining a physical or electronic copy of the scheme-wise annual report or abridged summary. 4. The AMC shall provide physical copy of the abridged summary of the Annual report, without charging any cost, on receipt of a specific request from the unitholder. For Investor Grievances please Registrar SBI Mutual Fund Contact Computer Age Management Mr. Rahul Mayor Services Pvt. Ltd., (Investor Relations Officer) (SEBI Registration No.: INR000002813) SBI Funds Management Pvt. Ltd. Rayala Towers 158, Anna Salai 9th Floor, Crescenzo, Chennai - 600002 C-38 & 39,G Block, Tel No.: (044) 28881101/36 Bandra Kurla Complex, Bandra (East), Fax : (044) 30407101 Mumbai – 400 051 Email: [email protected], Tel: 022- 61793537 Website: www.camsonline.com Email: [email protected]

Unit holders’ Pursuant to Regulation 36 of the SEBI Regulation, the following shall be applicable with respect to account Information statement: The asset management company shall ensure that consolidated account statement for each calendar month is issued, on or before tenth day of succeeding month, detailing all the transactions and holding at the end of the month including transaction charges paid to the distributor, across all schemes of all mutual funds, to all the investors in whose folios transaction has taken place during that month:

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In terms of SEBI Circular No. IR/MRD/DP/31/2014 dated November 12, 2014 on Consolidated Account Statement, investors having Demat account has an option to receive consolidated account statement:

• Investors having MF investments and holding securities in Demat account shall receive a single Consolidated Account Statement (CAS) from the Depository.

• In case an investor has multiple accounts across two depositories, the depository with whom the account has been opened earlier will be the default depository.

The half yearly portfolio of scheme (along with the ISIN) shall be disclosed within 10 days from close of each half year on the Website of the Mutual Fund (www.sbimf.com) and on the Website of AMFI (www.amfiindia.com). Also, the Fund shall email the half yearly portfolio to the unitholders whose email address is registered with the Fund within 10 days from close of each half year. The AMC shall publish an advertisement in all India edition of at least two daily newspapers, one each in English and Hindi, every half year disclosing the hosting of the half-yearly statement of the schemes portfolio on the Website of the Mutual Fund and on the Website of AMFI and shall also specify the modes through which a written request can be submitted by the unitholder for obtaining a copy of the statement of scheme portfolio. Further, before expiry of one month from the close of each half year i.e. on March 31 or September 30, the Fund shall host a soft copy of half – yearly unaudited financial results on the website of the Fund and that of AMFI. A notice shall be published disclosing the hosting of such financial results on the website of the mutual fund, in atleast one English daily newspaper having nationwide circulation and in a newspaper having wide circulation published in the language of the region where the Head Office of the mutual fund is situated. Note - For further details of the Scheme, investors are requested to refer Scheme Information Document

How this scheme is different from the existing schemes of SBI Mutual Fund:

KIM – SBI Focused Equity Fund Page 10

AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2019) 2019) SBI Magnum To provide The scheme is likely to • Equity and equity 2314.59 374826 Equity ESG Fund investors with have a comprehensive related instruments opportunities check list across of following for long-term parameters from Environmental, Social and growth in Governance, Social & Governance (ESG) capital through Environmental aspects criteria (including an active of the company’s derivatives and management management of its foreign securities)– of investments affairs. The endeavour 80% - 100% in a diversified would be to follow ‘ESG • Other equities and equity related basket of Framework’ in order to instruments - 0%- companies delve deeper into a 20% following company’s • Units issued by Environmental management practices, REIT/InVIT - 0% - , Social and culture and risk profile 10% Governance which would thereby • Debt instruments (ESG) criteria help us in (including understanding the securitized debt) - 0% - 20% impact on long term • Money Market shareholders. Instruments - 0% - 20% Each security will be scored, using publicly available data, on ESG parameters which can impact or pose risks to the long-term sustainability of the business. External specialist service providers may be sought to enable this.

Active weights of a security will be determined by the ESG scores. A positive score will enable a positive active weight, and vice- versa. For securities lacking data, the portfolio manager will look to engage with the company. Active

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2019) 2019) weights may be capped to zero.

SBI Equity To provide The scheme will invest • Equity and equity 29,385.83 10,28,686 Hybrid Fund investors long in a diversified portfolio related instruments term capital of equities of high (including derivatives) – 65% - appreciation growth companies and 80% along with the balance the risk through • Units issued by liquidity of an investing the rest in REIT/InVIT – 0% to open-ended fixed income securities. 10% scheme by • Debt instruments investing in a (including mix of debt securitized debt) and equity. and money market instruments – 20% The scheme to 35% will invest in a diversified portfolio of equities of high growth companies and balance the risk through investing the rest in fixed income securities.

SBI Large & To provide the The scheme follows a • Equity and equity 2562.67 343224 Midcap Fund investor with blend of growth and related instruments the value style of investing. of large cap companies opportunity of The fund will follow a (including long term combination of top derivatives) - 35% - capital down and bottom-up 65% appreciation approach to stock- • Equity and equity by investing in picking and choose related instruments diversified companies across of mid cap portfolio sectors. The scheme will companies (including comprising invest in diversified derivatives) – 35% - predominantly portfolio of large cap 65% large cap and and mid cap stocks. • Other equities and mid cap Large Cap: 1st -100th equity related companies. company in terms of full instruments – 0% - market capitalization. 30% Mid Cap:101st to 250th • Units issued by company in terms of full REIT/InVIT – 0%- 10%

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2019) 2019) market capitalization. • Debt instruments The exposure to these (including will be as per securitized debt) – limits/classification 0% - 30% • Money Market defined by AMFI/SEBI Instruments – 0% - from time to time 30%

SBI Magnum To provide the The fund will follow a • Equity and equity 3,584.12 4,61,480 Global Fund investor with bottom-up approach to related companies the stock-picking and within MNC space including opportunity of choose companies derivatives and long term across sectors/market foreign securities – capital capitalization which fall 80-100% appreciation under the criteria of • Other equities and by investing in MNC. MNC Companies equity related diversified will be those: 1. Major instruments – 0% - portfolio Shareholding is by 20% comprising foreign entity, 2. Indian • Units issued by REIT/InVIT – 0% - primarily of companies having over 10% MNC 50% turnover from • Debt instruments companies regions outside India, 3. (including Foreign listed securitized debt) – Companies 0% - 20% • Money Market Instruments – 0% - 20% SBI Technology To provide the The fund will follow a • Equities and equity 154.81 29353 Opportunities investor with bottom-up approach to related securities in Fund the stock-picking and technology and opportunity of choose companies technology related securities (including long term which are expected to derivatives and capital derive benefit from foreign securities) – appreciation development, use and 80%-100% by investing in advancement of • Other equities and a diversified technology. These will equity related portfolio of predominantly include instruments – 0% - 20% equity and companies in the • Units issued by equity related following industries: REIT/InVIT – 0%- securities in Technology services, 10% technology including IT • Debt instruments and management, software, (including technology Data and IT securitized debt) – related Infrastructure services 0% - 20% companies. including Cloud • Money Market Instruments – 0%- computing, mobile 20% computing

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2019) 2019) infrastructure Internet technology enabled services including e- commerce, technology platforms, IoT (Internet of Things) and other online services Electronic technology, including computers, computer products, and electronic components

Telecommunications, including networking, wireless, and wireline services, equipment and support; Media and information services, including the distribution of information and content providers IT products, hardware and components like PCs, Laptops, Servers, Chips, Semi-conductors etc.

SBI Healthcare To provide the The fund will follow a • Equities and equity 1026.83 99883 Opportunities investors with bottom-up approach to related securities in Fund the stock-picking and Healthcare space (including opportunity of choose companies derivatives and long term within the healthcare foreign securities) – capital space. The scheme will 80%-100% appreciation invest in stocks of • Other equities and by investing in companies engaged in: equity related a diversified instruments – 0%- portfolio of 1. Pharmaceuticals 20% 2. Hospitals equity and • Units issued by 3. Medical Equipment REIT/InVIT – 0% - equity related 4. Healthcare service 10% securities in providers • Debt instruments Healthcare 5. Biotechnology (including space securitized debt) – 0% to 20% • Money Market Instruments – 0% - 20%

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2019) 2019) SBI To provide the The fund will follow a • Equities and equity 728.95 80,117 Consumption investor with bottom-up approach to related securities in Opportunities the stock-picking and Consumption Fund opportunity of choose companies sector (including derivatives and long term within the Consumption foreign securities) – capital space. The scheme will 80%-100% appreciation invest in stocks of • Other equities and by investing in companies engaged in: equity related a diversified instruments – 0%- portfolio of 1. Consumer durables 20% 2. Consumer non- equity and • Units issued by durables REIT/InVIT – 0% - equity related 3. Retail 10% securities in 4. Textiles • Debt instruments Consumption 5. Auto OEM’s (including space. 6. Media & securitized debt) – entertainment 0% -20% 7. Hotels, resorts & • Money Market travel services. Instruments – 0% - 8. Education services 20% 9. Airlines 10. E-commerce 11. Consumer transportation & logistics services. SBI Equity to provide long The scheme will • Equity and equity 46.53 1444 Minimum term capital invest in related instruments Variance Fund appreciation by companies including derivatives – 90% - investing in a forming a part of 100% Nifty 50 Index, diversified • Debt and money basket of weighting the market instrument companies in stocks with the including units of Nifty 50 Index endeavor to mutual fund - 0% - while aiming for minimise the 10% minimizing the variance of the portfolio portfolio. volatility.

SBI Arbitrage To provide Market neutral trading A) Under normal 2576.65 8025 Opportunities capital strategy. Arbitrage circumstances, the Fund appreciation opportunities arise due anticipated asset and regular to market inefficiencies. allocation would be: income for Fund seeks to exploit unitholders by such inefficiencies that • Equity & Equity related instruments identifying will manifest as mis - – 65 – 85% profitable pricing in cash (stock) • Derivatives arbitrage and derivative markets. including Index opportunities Fund Manager will lock Futures, Stock

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2019) 2019) between the into such arbitrage futures, Index spot and opportunities seeking to options and Stock derivative generate tax efficient options – 65% -85% • Debt instrument & market risk free returns. Money Market segments as Fund will not take naked Instruments 15% - also through 35% (of which exposures to stocks i.e. investment of securitized debt not surplus cash in will not invest in stocks more than 10% of debt and with a view to generate the investment in money market market related returns. debt instruments)

instruments Exposure to stocks will be offset by B) When adequate simultaneous arbitrage equivalent exposure in opportunities are not derivatives. available in the SEBI has also vide Derivative and Equity circular DNPD/Cir- markets, the 29/2005 dated 14th anticipated alternate September 2005 asset allocation on permitted Mutual Funds defensive to participate in the considerations would derivatives market at be in accordance with par with Foreign the allocation given Institutional Investors below. However, in (FII). Accordingly, case no arbitrage Mutual Funds shall be opportunity is treated at part with a available, then 100% registered FII in respect of the remaining of position limits in investible corpus (to index futures, index the extent not options, stock options deployed in arbitrage and stock futures opportunities in the contracts. These asset allocation guidelines have been pattern mentioned further revised vide SEBI above) will be circular DNPD/Cir- deployed in short 31/2006 dated term debt and money September 22nd, 2006. market instruments with tenure not The scheme would be a exceeding 91 days "pure arbitrage fund" (including and would hold spot investments in market positions only securitized debt). for the purpose of arbitrage opportunities

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2019) 2019) and not to benefit from • Equities and equity any upside potential related instruments that the stocks may – 0%-65% provide in the present or • Derivatives including Index in future. In cases where Futures, Stock gainful arbitrage Futures, Index opportunities does not Options and Stock exist, the scheme may Options - 0% - 65% hold its assets in debt • Debt and Money and money market market instruments instruments till such – 0% - 100% time reasonable arbitrage opportunities present itself.

The scheme would seize arbitrage opportunities by buying stock in the spot market of NSE or BSE and simultaneously selling futures on the same stock in F&O segment of NSE when the price of the future exceeds the price of the stock. It is the intention of the scheme to hold the cash/spot market position and the derivative position till expiry to realize the arbitrage.

However if the opportunity is available the same positions will be rolled over to next month expiry by buying the current month future and selling the next month future. In this instance, the strategy would be to keep the underlying, buy back the current future position and sell

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2019) 2019) the next month future position.

SBI BlueChip To provide The scheme follows a • Equity and equity 22220.03 2030872 Fund investors with blend of growth and related instruments opportunities value style of investing. of large cap companies* for long-term The scheme will follow a (including growth in combination of top Derivatives) – 80% – capital through down and bottom-up 100% an active approach to stock- • Other equities and management picking and choose equity related of investments companies across instruments – 0% - in a diversified sectors. The scheme will 20% basket of large predominantly invest in • Units issued by REIT/InVIT – 0% - cap equity diversified portfolio of 10% stocks (as large cap stocks. Large • Debt instruments specified by Cap Stocks are – 1st - (including SEBI/AMFI 100th company in terms securitized debt) – from time to of full market 0% -20% time). capitalization. This will • Money Market be in line with Instruments – 0% - 20% limits/classification defined by AMFI/SEBI from time to time.

SBI Magnum To provide The scheme follows a • Equity and equity 3,635.23 4,77,674 Midcap Fund investors with blend of growth and related instruments opportunities value style of investing. of midcap The fund will follow a companies for long-term bottom-up approach to (including growth in stock-picking and derivatives) – 65%- capital along choose companies 100% with the across sectors. The • Other equities and liquidity of an scheme will invest equity related open-ended predominantly in instruments – 0- scheme by diversified portfolio of 35% mid cap stocks. Mid Cap investing • Units issued by means:101st to 250th REIT/InVIT – 0% - predominantly company in terms of full 10% in a well market capitalization. • Debt instruments diversified The exposure will be as (including basket of per limits/classification securitized debt) – equity stocks defined by AMFI/SEBI 0% - 35% of Midcap from time to time. • Money Market companies. Instruments – 0% - 35%

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2019) 2019) SBI Magnum To generate The scheme would at all • Equity and equity 263.12 51,326 Comma Fund opportunities times have an exposure related securities of for growth of atleast 80% of its commodity and along with investments in stocks of related companies (including foreign possibility of companies engaged in securities)– 80% - consistent the commodity and 100% returns by commodity related • Other equities and investing businesses (derived equity related predominantly from commodities). The instruments – 0%- in a portfolio of scheme could invest in 20% stocks of companies providing • Units issued by REIT/InVIT – 0% - companies inputs to commodity 10% engaged in the manufacturing • Debt instruments commodity companies. (including and securitized debt) – commodity The scheme will invest 0% - 20% related in stocks of companies • Money Market businesses. engaged in: Instruments – 0% - 20% 1. Oil & Gas (Petrochemicals, Power, and Gas etc.), 2. Metals (Zinc, Copper, Aluminum, Bullion, and Silver etc.), 3. Materials (Paper, jute, cement etc.) Agriculture (Sugar, Edible Oil, Soya, Tea and Tobacco etc.), 4. Textiles 5. Tea & Coffee SBI Magnum To provide The scheme will follow a • Equity and equity 7235.51 658864 Multicap Fund investors with bottom-up approach to related instruments opportunities stock-picking and (including for long-term choose companies derivatives)– 65% - growth in across sectors/styles. 100% capital along The scheme will invest • Units issued by with the in diversified portfolio of REIT/InVIT – 0% - liquidity of an stocks across market 10% open-ended capitalization. Large Cap • Debt instruments scheme Stocks – 1st -100th (including through an company in terms of full securitized debt) – active market capitalization. 0% - 35% management Mid Cap:101st to 250th • Money Market of investments company in terms of full Instruments – 0% - in a diversified market capitalization. 35% basket of Small Cap: 251st equity stocks company onwards in spanning the terms of full market

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2019) 2019) entire market capitalization. The capitalization exposure across these spectrum and stocks will be in line in debt and with limits/classification money market defined by AMFI/SEBI instruments. from time to time

SBI To provide The scheme will be • Equity and equity 495.70 146168 Infrastructure investors with positioned as a sectoral related securities of Fund opportunities fund and not as a companies in infrastructure for long-term diversified equity fund. sector (including growth in The scheme will invest foreign securities*) capital through in companies broadly – 80% - 100% an active within the following • Other equities and management areas/sectors of the equity related of investments economy namely – 1. instruments – 0% - in a diversified Airports 2. Banks, 20% basket of Financial Institutions, • Units issued by REIT/InVIT – 0% - equity stocks Term lending 10% of companies Institutions and NBFCs • Debt instruments directly or 3. Cement & Cement (including indirectly Products 4. Coal 5. securitized debt) – involved in the Construction 6. 0% - 20% infrastructure Electrical & Electronic • Money Market growth in the components 7. Instruments – 0% - 20% Indian Engineering 8. Energy

economy and including Coal, Oil & in debt & Gas, Petroleum & money market Pipelines 9. Industrial instruments. Capital Goods & Products 10. Metals & Minerals 11. Ports 12. Power and Power equipment 13. Road & Railway initiatives 14. Telecommunication 15. Transportation 16. Urban Infrastructure including Housing & Commercial Infrastructure 17. Commercial Vehicles 18. Industrial Manufacturing 19. Logistic Service provider

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2019) 2019) SBI PSU Fund To provide The primary strategy of • Equities of PSU 164.61 35,606 investors with the scheme would be to companies and opportunities invest in the stocks of their subsidiaries for long-term the PSU companies and (including derivatives) – 80% - growth in their subsidiaries. The 100% capital along scheme may invest in • Other equities and with the quasi PSUs /subsidiaries equity related liquidity of an of PSUs: 1. which could instruments – 0% - open-ended be part of PSU index 2. 20% scheme defined by management • Units issued by through an control or ability to REIT/InVIT – 0% - 10% active appoint key managerial • Debt instruments management personnel and not (including of investments necessarily by equity securitized debt) – in a diversified stake of 51% (but 0% - 20% basket of minimum PSU/ Central • Money Market equity stocks govt / state govt stake Instruments – 0% - of domestic of 35% and highest 20%

Public Sector among others is Undertakings required).The scheme (and their would endeavor to subsidiaries) identify market and in debt opportunities and at the and money same time would market sufficiently diversify its instruments equity portfolio and issued by PSUs control liquidity risks and others. and non-systematic risks by selecting well researched stocks which have growth prospects on a long and mid-term basis in order to provide stability and possibility of returns in the scheme Investment in equities would be done through primary as well as secondary market, private placement / QIP, preferential/firm allotments or any other mode as may be prescribed/ available from time to time.

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2019) 2019) SBI Small Cap To provide The scheme follows a • Equity and equity 2003.43 590174 Fund investors with blend of growth and related instruments opportunities value style of investing. of small cap for long-term The scheme will follow a companies (including growth in bottom-up approach to derivatives) – 65% - capital along stock-picking and 100% with the choose companies • Other equities and liquidity of an within the small cap equity related open-ended space. Small Cap means: instruments – 0% - scheme by 251st company onwards 35% investing in terms of full market • Units issued by REIT/InVIT – 0% - predominantly capitalization. The 10% in a well- exposure will be as per • Debt instruments diversified limits/classification (including basket of defined by AMFI/SEBI securitized debt) – equity stocks from time to time 0% - 35% of small cap • Money Market companies. Instruments – 0% - 35% SBI Banking The The Scheme aims to • Equity and equity 1,673.65 7,536 and Financial investment maximize long-term related securities of Services Fund objective of capital appreciation by companies engaged the scheme is investing primarily in in banking & financial services - to generate equity and equity 80% - 100% long-term related securities of • Other equities and capital companies engaged in equity related appreciation to Banking and Financial instruments – 0% - unit holders services. The portfolio 20% from a manager will adopt an • Units issued by portfolio that active management REIT/InVIT – 0% - 10% is invested style to optimize • Debt instruments predominantly returns. The scheme (including in equity and would invest in Banks as securitized debt) – equity related well as Non-banking 0% - 20% securities of Financial Services • Money Market companies companies, Insurance Instruments – 0% - engaged in companies, Rating 20% banking and agencies, Broking financial companies, services. Microfinance companies, Housing However, Finance, Wealth there can be Management, Stock/ no assurance commodities exchange that the etc. investment

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2019) 2019) objective of Financial services the Scheme companies are firms will be that are engaged in realized. providing non-banking financial services to customers. The classification of Financial service companies will be largely guided by AMFI sector classification. The indicative list of industry under financial services includes:

• Housing Finance • Micro Finance • Stock broking & Allied • Wealth Management • Rating Agencies • Asset Management Companies • Insurance Companies • Stock/ Commodities Exchange • Other NBFC’s • Any other company which may derive 70% or more of its revenue from companies engaged in financial services SBI Equity The investment The net assets of the A) Asset allocation 2129.04 48800 Savings Fund objective of the Scheme are invested under normal scheme is to primarily into equity circumstances: • generate and equity related Equity and Equity related income by instruments including Instruments investing in equity derivatives. The including arbitrage Scheme invests rest of derivatives - 65% opportunities in the assets into debt - 90% the cash and and money market derivatives instruments for Out of which: segment of the liquidity and regular - Cash future equity market, income. The expected arbitrage: 15%- 70%; and capital returns from this

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2019) 2019) appreciation Scheme can be - Net long equity through a attributed to the exposure: 20%- moderate following return 50%

exposure in drivers: • Debt and Money equity. ■ Cash and Futures Market Equity Arbitrage: The However, Instruments scheme endeavors to (including margin there is no achieve its primary for derivatives) – guarantee or objective of generating 10% - 35% assurance that income by exploitation • Units issued by the investment of arbitrage REITs & InvITs – 0% - 10% objective of opportunities in

the scheme equities market. B) Asset Allocation will be ■ Net Long Equity: The achieved. when adequate Scheme may take arbitrage limited long only opportunities are exposures to equity not available in stocks in order to the Derivative and generate market Equity markets,

related returns. The alternate asset ■ Debt and Money allocation on Market Instruments: defensive The Scheme may invest considerations would upto 35% of the net be in as per the assets of the Scheme allocation given into debt and money below: market instruments. This portion of the • Equity and Equity scheme assets is related discretionary to Instruments provide liquidity into including the scheme, derivatives - 30% - 70% management of

derivative margins and accrual of regular Out of which: income.

- Cash future arbitrage: 0%- 45%; - Net long equity exposure: 20%- 50% • Debt and Money Market Instruments

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2019) 2019) (including margin for derivatives) – 30% - 70% • Units issued by REITs & InvITs – 0% - 10% SBI Nifty Index The scheme The scheme will adopt a Stocks comprising the 426.66 16062 Fund will adopt a passive investment Nifty 50 Index – 95% - passive strategy. The scheme 100% investment will invest in stocks strategy. The comprising the Nifty 50 Cash and Money scheme will index in the same Market Instruments – invest in stocks proportion as in the 0% - 5% comprising the index with the objective

Nifty 50 index of achieving returns in the same equivalent to the Total proportion as Returns Index of Nifty 50 in the index index by minimizing the with the performance difference objective of between the benchmark achieving index and the scheme. returns The Total Returns Index equivalent to is an index that reflects the Total the returns on the index Returns Index from index gain/ loss of Nifty 50 plus dividend payments index by by the constituent minimizing the stocks. performance difference The scheme will between the primarily invest in the benchmark securities constituting index and the the underlying index. scheme. The However, due to Total Returns changes in underlying Index is an index the scheme may index that temporarily hold reflects the securities which are not returns on the part of the index. For index from example, the portfolio index gain/ loss may hold securities not plus dividend included in the payments by respective underlying the constituent index as result of certain stocks. changes in the underlying index such as such as reconstitution,

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2019) 2019) addition, deletion etc. The fund manager’s endeavour would be to rebalance the portfolio in order to mirror the index; however, there may be a short period where the constituents of the portfolio may differ from that of the underlying index.

These investments which fall outside the underlying index as mentioned above shall be rebalanced within a period of 30 days.

SBI Contra Fund To provide the The fund will follow a • Equity and equity 1559.82 264952 investor with combination of top- related instruments the down and bottom-up of companies which follow the opportunity of approach to stock- contrarian long term picking and choose investment theme capital companies within the (including appreciation contrarian investment derivatives) – 65%- by investing in theme. 100% a diversified • Other equities and portfolio of equity related instruments – 0%- equity and 35% equity related • Units issued by securities REIT/InVIT – 0%- following a 10% contrarian • Debt instruments investment (including strategy. securitized debt) – 0%-35% • Money Market Instruments – 0% - 35% The prime Fund will be investing in 7028.64 1201787 • Equities, objective of equity & equity related Cumulative scheme is to instruments as also debt SBI Magnum Convertible deliver the instruments, and money Tax gain Preference Shares, benefit of market instruments Scheme and Fully Convertible investment in a (such as money market, Debentures (FCDs) & portfolio of term/notice money Bonds – 80 -100% equity shares, market, repos, reverse

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2019) 2019) while offering repos and any • Money Market deduction on alternative to the call Instruments – 0% - such money market as may 20% investment be directed by the RBI). made in the Investment shall also be scheme under made in Partly section 80C of Convertible Debentures the Income-tax (PCDs) and bonds Act, 1961. It including those issued also seeks to on rights basis subject to distribute the condition that as far income as possible the non- periodically convertible portion of depending on the debentures so distributable acquired or subscribed surplus. shall be divested within Investments in a period of 12 months. this scheme The balance funds shall would be be invested in short subject to a term money market statutory lock- instruments or other in of 3 years liquid instruments or from the date both. of allotment to In line with CBDT avail Section guidelines, the Fund will 80C benefits. invest at least 80% of the net assets in equity and equity related instruments.

Please refer to Common Equity KIM for guidelines, application forms and terms & conditions (including SIP, STP, SWP, Trigger, etc.)

Date: May 15, 2019

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Asset Management Company: SBI Funds Management Pvt. Ltd. (A Joint Venture between State Bank of India & AMUNDI)

KEY INFORMATION MEMORANDUM

Product Labelling

This product is suitable for investors who are seeking*: Riskometer

 Long term capital appreciation  Equity investments in stocks of companies directly or indirectly involved in the infrastructure growth of the Indian economy.

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Continuous offer of Units at NAV related prices on ongoing basis

This Key Information Memorandum (KIM) sets forth the information, which a prospective investor ought to know before investing. For further details of the Scheme/Mutual Fund, due diligence certificate by the AMC, Key Personnel, investors’ rights & services, risk factors, penalties & pending litigations etc. Investors should, before investment, refer to the Scheme Information Document and Statement of Additional Information available free of cost at any of the SBIFMPL branches or distributors or from the website www.sbimf.com.

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Type of Scheme An open-ended equity scheme investing in infrastructure and allied sectors Investment Objective The investment objective of the scheme is to provide investors with opportunities for long-term growth in capital through an active management of investments in a diversified basket of equity stocks of companies directly or indirectly involved in the infrastructure growth of the Indian economy and in debt & money market instruments. However, there can be no assurance that the investment objective of the scheme will be achieved. The scheme does not guarantee or assure any returns. Asset Allocation The asset allocation of the scheme under normal circumstances would be as under: Pattern Indicative Allocation Type of instrument (% of Net Assets) Risk Profile Minimum Maximum Equity and equity related securities of companies in infrastructure sector 80% 100% High (including foreign securities*) Other equities and equity related 0% 20% High instruments Units issued by REIT/InVIT^ 0% 10% Medium to High Debt instruments (including 0% 20% Medium securitized debt) Money Market Instruments 0% 20% Low The scheme may engage in stock lending - upto 20% of the net assets of the scheme Exposure to derivatives instruments to the extent of 50% of the Net Assets as permitted by SEBI. The cumulative gross exposure through equity and equity related instruments (including derivatives), debt (including Money Market Instrument) will not exceed 100% of the net assets of the scheme. *The Scheme may seek investment opportunities in foreign securities including ADRs / GDRs / Foreign equity and debt securities subject to the Regulations. Such investment shall not exceed 35% of the net assets of the Scheme. ^The exposure will be in line with SEBI/AMFI limits specified from time to time The scheme may invest in mutual fund units as permissible. The Scheme may invest in repo in corporate debt. For detailed asset allocation, please refer to the Scheme Information Document.

Investment Strategy The scheme will be positioned as sectoral fund and not as a diversified equity fund. The scheme will invest in companies broadly within the following areas/sectors of the economy namely – 1. Airports 2. Banks, Financial Institutions, Term lending Institutions and NBFCs 3. Cement & Cement Products 4. Coal 5. Construction 6. Electrical & Electronic components 7. Engineering 8. Energy including Coal, Oil & Gas, Petroleum & Pipelines 9. Industrial Capital Goods & Products 10. Metals & Minerals 11. Ports 12. Power and Power equipment 13. Road & Railway initiatives 14. Telecommunication 15. Transportation 16. Urban Infrastructure including Housing & Commercial Infrastructure 17. Commercial Vehicles 18. Industrial Manufacturing 19. Logistic Service provider Risk Profile of the Mutual Fund Units involve investment risks including the possible loss of principal. Please read the SID Scheme carefully for details on risk factors before investment. Scheme specific risk factors are summarized below: SBI Infrastructure Fund would be investing in Equity and equity related securities of companies in infrastructure sector, Other equities and equity related instruments, Units issued by REIT/InVIT, Debt instruments (including securitized debt). The liquidity of the scheme’s investments is inherently restricted by trading volumes and settlement periods. In the event of an inordinately large number of redemption requests, or of a restructuring of the scheme’s investment portfolio, these periods may become significant. In view of the same, the trustees have the right in their sole discretion to limit redemptions (including suspending redemptions) under certain circumstances.

The scheme shall be subject to risk associated with equity and equity related instruments, REITs/InVIT, debt and money market instruments, securitized debt, foreign securities, derivatives and repo transactions in corporate debt securities. Besides, the scheme is also subjected to risk associated with

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Liquidity Risk, Settlement Risk, Stock lending risk & Regulatory Risk associated with securities as detailed in the SID. Risk Control Investments in equity and equity related securities including derivatives and debt and Money Market Instruments shall carry various risks such as inability to sell securities, trading volumes and settlement periods, liquidity risk, default risk, reinvestment risk etc. Whilst such risks cannot be eliminated, they may be mitigated by diversification. In order to mitigate the various risks, the portfolio of the Scheme will be constructed in accordance with the investment restriction specified under the Regulations which would help in mitigating certain risks relating to investments in securities market.

Further, the AMC has necessary framework in place for risk mitigation at an enterprise level. The Risk Management division is an independent division within the organization. Internal limits are defined and judiciously monitored. Risk indicators on various parameters are computed and are monitored on a regular basis. There is a Board level Committee, the Risk Management Committee of the Board, which enables a dedicated focus on risk factors and the relevant risk mitigants.

For risk control, the following may be noted:

Interest Rate Risk: Changes in interest rates affect the prices of bonds. If interest rates rise the prices of bonds fall and vice versa. A well-diversified portfolio may help to mitigate this risk.

Further, the Investment Manager endeavours to invest in REITs/InvITs, where adequate due diligence and research has been performed by the Investment Manager. The Investment Manager also relies on its own research as well as third party research. This involves one-to-one meetings with the managements, attending conferences and analyst meets and also tele-conferences. The analysis will focus, amongst others, on the predictability and strength of cash flows, value of assets, capital structure, business prospects, policy environment, strength of management, responsiveness to business conditions, etc. Plans /Options The scheme would have two plans viz Direct Plan & Regular Plan. Direct Plan: Direct Plan is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund or through Registered Investment Advisor (RIA) and is not available for investors who route their investments through a Distributor. All the features of the Direct Plan under Scheme like the investment objective, asset allocation pattern, investment strategy, risk factors, facilities offered, load structure etc. will be the same except for a lower expense ratio as detailed in Section IV – Fees and Expenses – B. – Annual Recurring Expenses of the SID. Brokerage/Commission paid to distributors will not be paid / charged under the Direct Plan. Both the plans shall have a common portfolio. Eligible investors: All categories of investors as permitted under the Scheme Information Document of the Scheme are eligible to subscribe under Direct Plan. Modes for applying: Investments under Direct Plan can be made through various modes offered by the Mutual Fund for investing directly with the Mutual Fund How to apply: Investors desirous of subscribing under Direct Plan of a Scheme will have to ensure to indicate “Direct Plan” against the Scheme name in the application form. Investors should also indicate “Direct” in the ARN column of the application form. Regular Plan This Plan is for investors who wish to route their investment through any distributor.

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The default plan in following cases will be: Broker Code mentioned by Plan mentioned by the Default Plan to be Scenario the investor investor captured

1 Not mentioned Not mentioned Direct Plan

2 Not mentioned Direct Direct Plan

3 Not mentioned Regular Direct Plan

4 Mentioned Direct Direct Plan

5 Direct Not Mentioned Direct Plan

6 Direct Regular Direct Plan

7 Mentioned Regular Regular Plan

8 Mentioned Not Mentioned Regular Plan

Applicable NAV For subscription of below Rs. 2 lakhs - In respect of valid applications received upto 3 p.m. by the Mutual Fund at any of the OPAT of SBI Mutual Fund alongwith a local cheque or a demand draft payable at par at the place where the application is received, the closing NAV of the day on which application is received shall be applicable. In respect of valid applications received after 3 p.m. by the Mutual Fund at any of the OPAT of SBI Mutual Fund alongwith a local cheque or a demand draft payable at par at the place where the application is received, the closing NAV of the next business day shall be applicable.

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Minimum Application Minimum Investment Amount : Rs. 5000/- and in multiples of Re. 1 thereafter Amount Additional Purchase Amount: Rs. 1000/- and in multiples of Re. 1 thereafter Repurchase: Rs.500/- or 1 Unit or account balance whichever is lower. Please note that as a result of redemption, if the outstanding balance amount falls below the minimum redemption amount as per the scheme features, SBIMF reserves the right to redeem the balance units at applicable repurchase price. Minimum Amount of Weekly – Minimum Rs 1000 & in multiples of Re. 1 thereafter for minimum 6 weeks SIP Monthly – Minimum Rs 1000 & in multiples of Re. 1 thereafter for minimum 6 months (or) minimum Rs 500 & in multiples of Re. 1 thereafter for minimum one year Quarterly – Minimum Rs 1500 & in multiples of Re. 1 thereafter for minimum one year Semi-Annual - Minimum Rs. 3000 & in multiples of Re. 1 thereafter for minimum of 4 instalments. Annual - Minimum Rs. 5000 & in multiples of Re. 1 thereafter for minimum of 4 instalments. Despatch of Within 10 business days of the receipt of the repurchase (redemption) request at the authorized Point of Repurchase Acceptance of SBI Mutual Fund. (Redemption) request Benchmark Index Nifty Infrastructure TRI Index Dividend Policy Dividend declaration under the dividend option of the scheme is subject to the availability of distributable surplus and at the recommendation of the AMC, subject to approval of the trustees and no returns are assured under the schemes. Fund Manager Mrs. Nidhi Chawla Mr. Mohit Jain is the dedicated fund manager for managing overseas investments of the scheme Fund Manager – 1.6 years, Managing since Nov 2018 Tenure for managing the scheme Trustee Company SBI Mutual Fund Trustee Company Private Limited Performance of the Performance of the scheme (As on April 30, 2020) scheme Scheme Name 1 year 3 years 5 years Since Inception SBI Infrastructure Fund - Regular Plan - Growth -15.74 -3.94 2.10 1.89

Benchmark: Nifty Infrastructure Index TRI -9.53 -3.65 -1.11 -1.43

Financial Year performance:

Financial Year Wise Returns 40.00

30.00

20.00 10.00 0.00

Returns (%) -10.00 -20.00 -30.00 2015-16 2016-17 2017-18 2018-19 2019-20 Financial Year

SBI Infrastructure Fund-Reg-Growth Nifty Infrastructure TRI

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Schemes Portfolio Top 10 Holdings: Holdings Issuer Name % of Net Asset (April 30, 2020) RELIANCE INDUSTRIES LTD. 16.02 LARSEN & TOUBRO LTD. 11.12 BHARTI AIRTEL LTD. 10.15 TIMKEN INDIA LTD. 5.49 ULTRATECH CEMENT LTD. 4.88 JK CEMENT LTD. 4.20 KENNAMETAL INDIA LTD. 3.74 ICICI BANK LTD. 3.62 AXIS BANK LTD. 3.36 THE GREAT EASTERN SHIPPING COMPANY LTD. 3.35

Fund Allocation towards various Sectors:

Sector Name % of Net Asset OIL & GAS 19.08 INDUSTRIAL MANUFACTURING 15.15 CONSTRUCTION 15.07 CEMENT & CEMENT PRODUCTS 12.27 TELECOM 10.15 FINANCIAL SERVICES 10.10 SERVICES 9.99 POWER 2.37 METALS 2.23

Portfolio Turnover 0.94 ratio (April 30, 2020) Website link to obtain https://www.sbimf.com/en-us/portfolios schemes latest monthly portfolio holding

Expenses of the scheme (i) Load Structure Entry Load : Not applicable Exit Load: For exit load within 1 year from the date of allotment – 1%. For exit after 1 year from the date of allotment - Nil

The AMC reserves the right to modify / change the load structure on a prospective basis.

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the asset management company, but including the investment management and advisory fee shall be within the limits stated in Regulations 52 read with SEBI circular no. CIR/IMD/DF/21/2012 dated September 13, 2012. The AMC may charge the investment and advisory fees within the limits of total expenses prescribed under Regulation 52 of the SEBI (Mutual Funds) Regulations. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission, etc., vis-à-vis the Regular plan and no commission shall be paid from Direct plan. Both the plans viz. Regular and Direct plan shall have common portfolio. However, Regular Plan and Direct Plan shall have different NAVs.

These estimates have been made in good faith as per the information available to the Investment Manager based on past experience and are subject to change inter-se. Types of expenses charged shall be as per the SEBI (MF) Regulations. However, as per regulation 52 of SEBI (MF) Regulations, Maximum limit of recurring expenses under Regulation 52 are as under:

Assets under management Slab (in Rs Crores) Total expense ratio limits On the first Rs 500 crores of the daily net assets 2.25% On the first Rs 250 crores of the daily net assets 2.00% On the first Rs 1,250 crores of the daily net assets 1.75% On the first Rs 3,000 crores of the daily net assets 1.60% On the first Rs 5,000 crores of the daily net assets 1.50% On the next Rs 40,000 crores of the daily net Total expense ratio reduction of 0.05% for assets every increase of Rs 5000 crores of daily net assets or part thereof. On balance of the assets 1.05% The scheme may charge additional expenses incurred towards different heads mentioned under regulations (2) and (4), not exceeding 0.05% of the daily net assets. Pursuant to SEBI Circular No. SEBI /HO/IMD/DF2/CIR/P/2018/15 dated February 02, 2018, additional expenses under regulation 52 (6A) (c) shall not be levied if the scheme doesn’t have exit load.

In addition to expenses as permissible under Regulation 52 (6) (c), the AMC may charge the following additional costs or expenses to the scheme: • The goods & services tax on investment management and advisory fees would be charged in addition to above limit. • Brokerage and transaction costs (including Goods and Services Tax) which are incurred for the purpose of execution of trade and is included in the cost of investment, not exceeding 0.12 per cent in case of cash market transactions and 0.05 percent for derivative market trades. Further, in terms of SEBI circular CIR/IMD/DF/24/2012 dated November 19, 2012, it is clarified that the brokerage and transaction cost incurred for the purpose of execution of trade may be capitalized to the extent of 12bps and 5bps for cash market transactions and derivatives transactions respectively. Any payment towards brokerage and transaction cost, over and above the said 12 bps and 5bps for cash market transactions and derivatives transactions respectively may be charged to the scheme within the maximum limit of Total Expense Ratio (TER) as prescribed under regulation 52 of the SEBI (Mutual Funds) Regulations, 1996. • In terms of Regulation 52 (6A) (b), expenses not exceeding of 0.30 per cent of daily net assets will be charged, if the new inflows from such cities as specified from time to time are at least – i. 30 percent of gross new inflows in the scheme, or; ii. 15 percent of the average assets under management (year to date) of the scheme, whichever is higher:

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Provided that if inflows from such cities is less than the higher of sub-clause (i) or subclause (ii), such expenses on daily net assets of the scheme shall be charged on proportionate basis:

Provided further that expenses charged under this clause shall be utilised for distribution expenses incurred for bringing inflows from such cities:

The additional TER in terms of Regulation 52(6A)(b) of SEBI (Mutual Funds) Regulations, 1996 shall be charged based on inflows from Retail Investors from beyond top 30 cities (B-30 cities). Accordingly, the inflows of amount upto Rs 2,00,000/- per transaction, by individual investors shall be considered as inflows from “Retail Investors”.

Actual expenses for the previous financial year ending March 31, 2020: Scheme Name Regular Plan Direct Plan SBI Infrastructure Fund 2.59% 2.01%

Waiver of Load for Pursuant to SEBI Circular No. SEBI/IMD/CIR No.4/168230/09 dated June 30, 2009 no entry load shall be Direct Applications charged for all mutual fund schemes. Therefore, the procedure for waiver of load for direct applications is no longer applicable.

Tax treatment for the Investors will be advised to refer to the details in the Statement of Additional Information & also Investors independently refer to their tax advisor. Daily Net Asset Value The NAV will be declared on all business days and shall be computed on daily basis and shall (NAV) be disclosed in the manner as be specified by the SEBI. NAV can also be viewed on Publication www.sbimf.com and www.amfiindia.com. Monthly Disclosure of The fund shall disclose the scheme’s portfolio in the prescribed format along with the ISIN as on Schemes’ Portfolio the last day of the month for all the Schemes of SBI Mutual Fund on its website www.sbimf.com Statement within 10 days from the close of the month. The Fund shall also email within the stipulated time frame, the monthly portfolio to the unitholders whose email address is registered with the Fund. Annual Report Scheme wise Annual Report or an abridged summary thereof shall be provided to all unitholders within four months from the date of closure of the relevant accounts year i.e. 31st March each year as follows: 1. The Scheme wise annual report / abridged summary thereof shall be hosted on website of the Fund i.e., www.sbimf.com and on the website of AMFI i.e. www.amfiindia.com. The physical copy of the scheme-wise annual report or abridged summary shall be made available to the unitholders at the registered office of SBI Mutual Fund at all times.

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For Investor Grievances please Registrar SBI Mutual Fund Contact Computer Age Management Mr. Rahul Mayor Services Ltd., (Investor Relations Officer) (SEBI Registration No.: INR000002813) SBI Funds Management Pvt. Ltd. Rayala Towers 158, Anna Salai 9th Floor, Crescenzo, Chennai - 600002 C-38 & 39,G Block, Tel No.: (044 ) 28881101/36 Bandra Kurla Complex, Bandra (East), Fax : (044) 30407101 Mumbai – 400 051 Email: [email protected], Tel: 022- 61793537 Website: www.camsonline.com Email: [email protected]

Unit holders’ Pursuant to Regulation 36 of the SEBI Regulation, the following shall be applicable with respect to Information account statement: The asset management company shall ensure that consolidated account statement for each calendar month is issued, on or before tenth day of succeeding month, detailing all the transactions and holding at the end of the month including transaction charges paid to the distributor, across all schemes of all mutual funds, to all the investors in whose folios transaction has taken place during that month:

In terms of SEBI Circular No. IR/MRD/DP/31/2014 dated November 12, 2014 on Consolidated Account Statement, investors having Demat account has an option to receive consolidated account statement:

• Investors having MF investments and holding securities in Demat account shall receive a single Consolidated Account Statement (CAS) from the Depository.

• Consolidation of account statement shall be done on the basis of Permanent Account Number (PAN).

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In case of multiple holding, it shall be PAN of the first holder and pattern of holding. The CAS shall be generated on a monthly basis.

• In case an investor has multiple accounts across two depositories, the depository with whom the account has been opened earlier will be the default depository.

The half yearly portfolio of scheme (along with the ISIN) shall be disclosed within 10 days from close of each half year on the Website of the Mutual Fund (www.sbimf.com) and on the Website of AMFI (www.amfiindia.com). Also, the Fund shall email the half yearly portfolio to the unitholders whose email address is registered with the Fund within 10 days from close of each half year. The AMC shall publish an advertisement in all India edition of at least two daily newspapers, one each in English and Hindi, every half year disclosing the hosting of the half- yearly statement of the schemes portfolio on the Website of the Mutual Fund and on the Website of AMFI and shall also specify the modes through which a written request can be submitted by the unitholder for obtaining a copy of the statement of scheme portfolio. Further, before expiry of one month from the close of each half year i.e. on March 31 or September 30, the Fund shall host a soft copy of half – yearly unaudited financial results on the website of the Fund and that of AMFI. A notice shall be published disclosing the hosting of such financial results on the website of the mutual fund, in atleast one English daily newspaper having nationwide circulation and in a newspaper having wide circulation published in the language of the region where the Head Office of the mutual fund is situated.

Note - For further details of the Scheme, investors are requested to refer Scheme Information Document

How this scheme is different from the existing schemes of SBI Mutual Fund:

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) basket of Framework’ in order 20% companies to delve deeper into a  Units issued by following company’s REIT/InVIT - 0% - 10% Environmenta management  Debt instruments l, Social and practices, culture and (including Governance risk profile which securitized debt) - (ESG) criteria would thereby help 0% - 20% us in understanding  Money Market the impact on long Instruments - 0% - term shareholders. 20%

Each security will be scored, using publicly available data, on ESG parameters which can impact or pose risks to the long-term sustainability of the business. External specialist service providers may be sought to enable this.

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) along with companies and - 80% the liquidity balance the risk  Units issued by of an open- through investing the REIT/InVIT – 0% to 10% ended rest in fixed income  Debt instruments scheme by securities. (including investing in a securitized debt) mix of debt and money and equity. market The scheme instruments – will invest in a 20% to 35% diversified portfolio of equities of high growth companies and balance the risk through investing the rest in fixed income securities.

SBI Large & To provide The scheme follows a  Equity and equity 2,455.35 356,394 Midcap Fund the investor blend of growth and related with the value style of instruments of opportunity investing. The fund large cap companies of long term will follow a (including capital combination of top derivatives) - 35% appreciation down and bottom-up - 65% by investing approach to stock-  Equity and equity in diversified picking and choose related portfolio companies across instruments of mid cap comprising sectors. The scheme companies predominantl will invest in (including y large cap diversified portfolio of derivatives) – 35% and mid cap large cap and mid cap - 65% companies. stocks. Large Cap: 1st  Other equities -100th company in and equity related terms of full market instruments – 0% - 30% capitalization. Mid  Units issued by

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) Cap:101st to 250th REIT/InVIT – 0%- company in terms of 10% full market  Debt instruments (including capitalization. The securitized debt) – exposure to these will 0% - 30% be as per  Money Market limits/classification Instruments – 0% defined by AMFI/SEBI - 30% from time to time

SBI Magnum To provide The fund will follow a  Equity and equity 3,509.73 426,640 Global Fund the investor bottom-up approach related companies with the to stock-picking and within MNC space including opportunity choose companies derivatives and of long term across sectors/market foreign securities capital capitalization which – 80-100% appreciation fall under the criteria  Other equities by investing of MNC. MNC and equity related in diversified Companies will be instruments – 0% portfolio those: 1. Major - 20% comprising Shareholding is by  Units issued by REIT/InVIT – 0% - primarily of foreign entity, 2. 10% MNC Indian companies  Debt instruments companies having over 50% (including turnover from regions securitized debt) – outside India, 3. 0% - 20% Foreign listed  Money Market Companies Instruments – 0% - 20% SBI Technology To provide The fund will follow a  Equities and 157.25 29,368 Opportunities the investor bottom-up approach equity related Fund with the to stock-picking and securities in opportunity choose companies technology and technology of long term which are expected to related securities capital derive benefit from (including appreciation development, use and derivatives and by investing advancement of foreign securities) in a technology. These will – 80%-100% diversified predominantly include  Other equities and equity related portfolio of companies in the instruments – 0% equity and following industries: -20% equity related Technology services,  Units issued by

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) securities in including IT REIT/InVIT – 0%- technology management, 10% and software, Data and IT  Debt instruments (including technology Infrastructure services securitized debt) – related including Cloud 0% - 20% companies. computing, mobile  Money Market computing Instruments – 0%- infrastructure 20% Internet technology enabled services including e- commerce, technology platforms, IoT (Internet of Things) and other online services Electronic technology, including computers, computer products, and electronic components

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) of long term within the healthcare (including capital space. The scheme derivatives and appreciation will invest in stocks of foreign securities) – 80%-100% by investing companies engaged  Other equities in a in: and equity related diversified instruments – 0%- 1. Pharmaceuticals portfolio of 20% 2. Hospitals equity and  3. Medical Equipment Units issued by equity related 4. Healthcare service REIT/InVIT – 0% - securities in providers 10% Healthcare 5. Biotechnology  Debt instruments (including space securitized debt) – 0% to 20%  Money Market Instruments – 0% -20% SBI Focused To provide The fund will follow a  Equity and equity 7,978.23 718,854 Equity Fund the investor bottom-up approach related with the to stock-picking and instruments including opportunity invest in companies derivatives – 65% of long term across market - 100% capital capitalization and  Units issued by appreciation sectors. The fund will REIT/InVIT – 0% - by investing take high conviction 10% in a bets and the total  Debt instruments concentrated number of securities (including portfolio of would be equal to or securitized debt) – 0% - 35% equity and under 30.  Money Market equity related Instruments – 0% securities - 35%

SBI Equity to provide The scheme  Equity and equity 44.96 3,433 Minimum long term will invest in related Variance Fund capital companies instruments including appreciation forming a part derivatives – 90% by investing in of Nifty 50 a diversified - 100% Index, basket of  Debt and money weighting the companies in market Nifty 50 Index stocks with the instrument while aiming endeavor to including units of for minimizing minimise the mutual fund - 0% - 10% the portfolio variance of the

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) volatility. portfolio.

SBI Arbitrage To provide Market neutral A) Under normal 4,776.61 15,073 Opportunities capital trading strategy. circumstances, the Fund appreciation Arbitrage anticipated asset and regular opportunities arise allocation would be: income for due to market unitholders inefficiencies. Fund  Equity & Equity related by identifying seeks to exploit such instruments – 65 profitable inefficiencies that will – 85% arbitrage manifest as mis -  Derivatives opportunities pricing in cash (stock) including Index between the and derivative Futures, Stock spot and markets. Fund futures, Index derivative Manager will lock into options and Stock options – 65% - market such arbitrage 85% segments as opportunities seeking  Debt instrument also through to generate tax & Money Market investment of efficient risk free Instruments 15% - surplus cash returns. 35% (of which in debt and securitized debt money Fund will not take not more than naked exposures to 10% of the market stocks i.e. will not investment in instruments debt instruments) invest in stocks with a

view to generate market related B) When adequate returns. Exposure to arbitrage stocks will be offset by opportunities are simultaneous not available in the equivalent exposure Derivative and in derivatives. Equity markets, the anticipated SEBI has also vide alternate asset circular DNPD/Cir- allocation on 29/2005 dated 14th defensive September 2005 considerations permitted Mutual would be in Funds to participate in accordance with the the derivatives market allocation given at par with Foreign

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) Institutional Investors below. However, in (FII). Accordingly, case no arbitrage Mutual Funds shall be opportunity is treated at part with a available, then registered FII in 100% of the respect of position remaining investible limits in index futures, corpus (to the index options, stock extent not deployed options and stock in arbitrage futures contracts. opportunities in the These guidelines have asset allocation been further revised pattern mentioned vide SEBI circular above) will be DNPD/Cir-31/2006 deployed in short dated September term debt and 22nd, 2006. money market instruments with The scheme would be tenure not a "pure arbitrage exceeding 91 days fund" and would hold (including spot market positions investments in only for the purpose securitized debt). of arbitrage opportunities and not  Equities and to benefit from any equity related upside potential that instruments – 0%- the stocks may 65%  Derivatives provide in the present including Index or in future. In cases Futures, Stock where gainful Futures, Index arbitrage Options and Stock opportunities does Options - 0% - not exist, the scheme 65% may hold its assets in  Debt and Money market debt and money instruments – 0% market instruments - 100% till such time reasonable arbitrage opportunities present itself.

The scheme would

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) seize arbitrage opportunities by buying stock in the spot market of NSE or BSE and simultaneously selling futures on the same stock in F&O segment of NSE when the price of the future exceeds the price of the stock. It is the intention of the scheme to hold the cash/spot market position and the derivative position till expiry to realize the arbitrage.

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) SBI BlueChip To provide The scheme follows a  Equity and equity 19,795.44 2,023,952 Fund investors with blend of growth and related opportunities value style of instruments of large cap for long-term investing. The scheme companies* growth in will follow a (including capital combination of top Derivatives) – 80% through an down and bottom-up – 100% active approach to stock-  Other equities management picking and choose and equity related of companies across instruments – 0% -20% investments sectors. The scheme  Units issued by in a will predominantly REIT/InVIT – 0% - diversified invest in diversified 10% basket of portfolio of large cap  Debt instruments large cap stocks. Large Cap (including equity stocks Stocks are – 1st - securitized debt) – (as specified 100th company in 0% -20% by SEBI/AMFI terms of full market  Money Market Instruments – 0% from time to capitalization. This will - 20% time). be in line with limits/classification defined by AMFI/SEBI from time to time.

SBI Magnum To provide The scheme follows a  Equity and equity 430,961 Midcap Fund investors with blend of growth and related opportunities value style of instruments of investing. The fund for long-term midcap will follow a bottom- companies growth in up approach to stock- (including capital along picking and choose derivatives) – with the companies across 65%-100% liquidity of an sectors. The scheme  Other equities open-ended will invest and equity related scheme by predominantly in instruments – 0- diversified portfolio of 35% investing mid cap stocks. Mid  Units issued by predominantl Cap means:101st to REIT/InVIT – 0% - y in a well 250th company in 10% diversified terms of full market  Debt instruments basket of capitalization. The (including equity stocks exposure will be as securitized debt) – of Midcap per 0% - 35% limits/classification  Money Market

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) companies. defined by AMFI/SEBI Instruments – 0% from time to time. - 35%

SBI Magnum To generate The scheme would at  Equity and equity 207.20 47,469 Comma Fund opportunities all times have an related securities for growth exposure of atleast of commodity and along with 80% of its investments related companies (including foreign possibility of in stocks of companies securities)– 80% - consistent engaged in the 100% returns by commodity and  Other equities investing commodity related and equity related predominantl businesses (derived instruments – 0%- y in a from commodities). 20% portfolio of The scheme could  Units issued by REIT/InVIT – 0% - stocks of invest in companies 10% companies providing inputs to  Debt instruments engaged in commodity (including the manufacturing securitized debt) – commodity companies. 0% - 20% and  Money Market The scheme will invest commodity Instruments – 0% - 20% related in stocks of companies

businesses. engaged in: 1. Oil & Gas (Petrochemicals, Power, and Gas etc.), 2. Metals (Zinc, Copper, Aluminum, Bullion, and Silver etc.), 3. Materials (Paper, jute, cement etc.) Agriculture (Sugar, Edible Oil, Soya, Tea and Tobacco etc.), 4. Textiles 5. Tea & Coffee SBI Magnum To provide The scheme will  Equity and equity 7,920.23 770,041 Multicap Fund investors with follow a bottom-up related opportunities approach to stock- instruments for long-term picking and choose (including growth in companies across derivatives)– 65%

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) capital along sectors/styles. The -100% with the scheme will invest in  Units issued by liquidity of an diversified portfolio of REIT/InVIT – 0% - open-ended stocks across market 10% scheme capitalization. Large  Debt instruments through an Cap Stocks – 1st - (including active 100th company in securitized debt) – management terms of full market 0% - 35% of capitalization. Mid  Money Market investments Cap:101st to 250th Instruments – 0% in a company in terms of -35% diversified full market basket of capitalization. Small equity stocks Cap: 251st company spanning the onwards in terms of entire market full market capitalization capitalization. The spectrum and exposure across these in debt and stocks will be in line money with market limits/classification instruments. defined by AMFI/SEBI from time to time

SBI PSU Fund To provide The primary strategy  Equities of PSU 149.31 33,999 investors with of the scheme would companies and opportunities be to invest in the their subsidiaries (including for long-term stocks of the PSU derivatives) – 80% growth in companies and their -100% capital along subsidiaries. The  Other equities with the scheme may invest in and equity related liquidity of an quasi PSUs instruments – 0% open-ended /subsidiaries of PSUs: -20% scheme 1. which could be part  Units issued by through an of PSU index 2. REIT/InVIT – 0% - 10% active defined by  Debt instruments management management control (including of or ability to appoint securitized debt) – investments key managerial 0% - 20% in a personnel and not  Money Market diversified necessarily by equity Instruments – 0% basket of stake of 51% (but - 20%

equity stocks minimum PSU/ of domestic Central govt / state

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) Public Sector govt stake of 35% and Undertakings highest among others (and their is required).The subsidiaries) scheme would and in debt endeavor to identify and money market opportunities market and at the same time instruments would sufficiently issued by diversify its equity PSUs and portfolio and control others. liquidity risks and non- systematic risks by selecting well researched stocks which have growth prospects on a long and mid-term basis in order to provide stability and possibility of returns in the scheme Investment in equities would be done through primary as well as secondary market, private placement / QIP, preferential/firm allotments or any other mode as may be prescribed/ available from time to time.

SBI Small Cap To provide The scheme follows a  Equity and equity 3,290.53 764,851 Fund investors with blend of growth and related opportunities value style of instruments of for long-term investing. The scheme small cap companies growth in will follow a bottom- (including capital along up approach to stock- derivatives) – 65% with the picking and choose - 100% liquidity of an companies within the  Other equities and equity related

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) open-ended small cap space. Small instruments – 0% scheme by Cap means: 251st - 35% investing company onwards in  Units issued by REIT/InVIT – 0% - predominantl terms of full market 10% y in a well- capitalization. The  Debt instruments diversified exposure will be as (including basket of per securitized debt) – equity stocks limits/classification 0% - 35% of small cap defined by AMFI/SEBI  Money Market companies. from time to time Instruments – 0% - 35% SBI Banking The The Scheme aims to  Equity and equity 1,267.96 208,459 and Financial investment maximize long-term related securities Services Fund objective of capital appreciation of companies the scheme is by investing primarily engaged in banking & to generate in equity and equity financial services - long-term related securities of 80% - 100% capital companies engaged in  Other equities appreciation Banking and Financial and equity related to unit services. The portfolio instruments – 0% holders from manager will adopt an - 20% a portfolio active management  Units issued by REIT/InVIT – 0% - that is style to optimize 10% invested returns. The scheme  Debt instruments predominantl would invest in Banks (including y in equity as well as Non- securitized debt) – and equity banking Financial 0% - 20% related Services companies,  Money Market securities of Insurance companies, Instruments – 0% - 20% companies Rating agencies, engaged in Broking companies, banking and Microfinance financial companies, Housing services. Finance, Wealth Management, Stock/ However, commodities there can be exchange etc. no assurance that the Financial services investment companies are firms objective of that are engaged in the Scheme providing non-banking

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) will be financial services to realized. customers. The classification of Financial service companies will be largely guided by AMFI sector classification. The indicative list of industry under financial services includes:

 Housing Finance  Micro Finance  Stock broking & Allied  Wealth Management  Rating Agencies  Asset Management Companies  Insurance Companies  Stock/ Commodities Exchange  Other NBFC’s  Any other company which may derive 70% or more of its revenue from companies engaged in financial services SBI Equity The The net assets of the A) Asset allocation 1,352.41 40,307 Savings Fund investment Scheme are invested under normal objective of primarily into equity circumstances:  the scheme is and equity related Equity and Equity related to generate instruments including Instruments income by equity derivatives. including investing in The Scheme invests derivatives - arbitrage rest of the assets into 65% - 90%

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) opportunities debt and money in the cash market instruments Out of which: and for liquidity and - Cash future derivatives regular income. The arbitrage: 15%- segment of expected returns 70%; - Net long equity the equity from this Scheme can exposure: 20%- market, and be attributed to the 50% capital following return appreciation drivers:  Debt and through a ■ Cash and Futures Money Market moderate Equity Arbitrage: The Instruments exposure in scheme endeavors to (including equity. achieve its primary margin for derivatives) – objective of 10% - 35% However, generating income by there is no  Units issued by exploitation of REITs & InvITs – guarantee or arbitrage 0% - 10% assurance opportunities in that the equities market. B) Asset Allocation investment ■ Net Long Equity: when adequate objective of The Scheme may arbitrage opportunities the scheme take limited long only are not available will be exposures to equity achieved. in the Derivative stocks in order to and Equity generate market markets, related returns. ■ Debt and Money The alternate asset Market Instruments: allocation on The Scheme may defensive invest upto 35% of considerations the net assets of the would be in as per Scheme into debt the allocation given and money market below: instruments. This  Equity and portion of the Equity related scheme assets is Instruments discretionary to including provide liquidity into derivatives - the scheme, 30% - 70% management of derivative margins

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) and accrual of regular Out of which: income.

- Cash future arbitrage: 0%- 45%; - Net long equity exposure: 20%- 50%  Debt and Money Market Instruments (including margin for derivatives) – 30% - 70%  Units issued by REITs & InvITs – 0% - 10% SBI Nifty The scheme The scheme will adopt Stocks comprising 793.05 34,955 Index Fund will adopt a a passive investment the Nifty 50 Index – passive strategy. The scheme 95% - 100% investment will invest in stocks strategy. The comprising the Nifty Cash and Money Market Instruments scheme will 50 index in the same invest in proportion as in the – 0% - 5% stocks index with the comprising objective of achieving the Nifty 50 returns equivalent to index in the the Total Returns same Index of Nifty 50 index proportion as by minimizing the in the index performance with the difference between objective of the benchmark index achieving and the scheme. The returns Total Returns Index is equivalent to an index that reflects the Total the returns on the Returns Index index from index gain/ of Nifty 50 loss plus dividend index by payments by the minimizing

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) the constituent stocks. performance difference The scheme will between the primarily invest in the securities constituting benchmark index and the the underlying index. scheme. The However, due to changes in underlying Total Returns Index is an index the scheme may index that temporarily hold securities which are reflects the returns on not part of the index. the index For example, the portfolio may hold from index gain/ loss plus securities not included dividend in the respective underlying index as payments by result of certain the constituent changes in the underlying index such stocks. as such as reconstitution, addition, deletion etc. The fund manager’s endeavour would be to rebalance the portfolio in order to mirror the index; however, there may be a short period where the constituents of the portfolio may differ from that of the underlying index.

These investments which fall outside the underlying index as mentioned above shall be rebalanced within a period of 30

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) days.

SBI Contra To provide The fund will follow a  Equity and equity 1,043.94 249,503 Fund the investor combination of top- related with the down and bottom-up instruments of opportunity approach to stock- companies which follow the of long term picking and choose contrarian capital companies within the investment theme appreciation contrarian investment (including by investing theme. derivatives) – in a 65%-100% diversified  Other equities and equity related portfolio of instruments – 0%- equity and 35% equity related  Units issued by securities REIT/InVIT – 0%- following a 10% contrarian  Debt instruments investment (including strategy. securitized debt) – 0%-35%  Money Market Instruments – 0% - 35% The prime Fund will be investing Equities, 6,219.14 1,188,643 objective of in equity & equity Cumulative SBI Long Term scheme is to related instruments as Convertible Equity Fund deliver the also debt instruments, Preference Shares, (previously benefit of and money market and Fully known as SBI investment in instruments (such as Convertible Magnum a portfolio of money market, Debentures (FCDs) Taxgain equity shares, term/notice money & Bonds – 80 -100% Scheme) while offering market, repos, reverse Money Market deduction on repos and any Instruments – 0% - such alternative to the call 20%

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) investment money market as may made in the be directed by the scheme RBI). Investment shall under section also be made in Partly 80C of the Convertible Income-tax Debentures (PCDs) Act, 1961. It and bonds including also seeks to those issued on rights distribute basis subject to the income condition that as far periodically as possible the non- depending on convertible portion of distributable the debentures so surplus. acquired or Investments subscribed shall be in this divested within a scheme period of 12 months. would be The balance funds subject to a shall be invested in statutory short term money lock-in of 3 market instruments or years from other liquid the date of instruments or both. allotment to In line with CBDT avail Section guidelines, the Fund 80C benefits. will invest at least 80% of the net assets in equity and equity related instruments. SBI To provide The fund will follow a  Equities and 526.55 72,000 Consumption the investor bottom-up approach equity related Opportunities with the to stock-picking and securities in Fund opportunity choose companies Consumption of long term sector (including within the capital derivatives and appreciation Consumption space. foreign securities) by investing The scheme will invest – 80%-100% in a in stocks of companies  Other equities diversified engaged in: and equity related portfolio of instruments – 0%- equity and 1. Consumer durables 20% equity related 2. Consumer non-  Units issued by securities in durables REIT/InVIT – 0% - Consumption 3. Retail 10% space. 4. Textiles  Debt instruments 5. Auto OEM’s (including 6. Media & securitized debt) –

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) entertainment 0% -20% 7. Hotels, resorts & Money Market travel services. Instruments – 0% - 8. Education services 20% 9. Airlines 10. E-commerce Consumer transportation & logistics services.

Please refer to Common Equity KIM for guidelines, application forms and terms & conditions (including SIP, STP, SWP, Trigger, etc.)

Date: May 14, 2020

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Asset Management Company: SBI Funds Management Pvt. Ltd. (A Joint Venture between State Bank of India & AMUNDI)

KEY INFORMATION MEMORANDUM

Product Labelling

This product is suitable for investors who are seeking*: Riskometer

• Regular income for short term. • Investment in Debt and Money Market securities with residual maturity upto 91 days only.

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Continuous offer of Units at NAV related prices on ongoing basis

This Key Information Memorandum (KIM) sets forth the information, which a prospective investor ought to know before investing. For further details of the Scheme/Mutual Fund, due diligence certificate by the AMC, Key Personnel, investors’ rights & services, risk factors, penalties & pending litigations etc. Investors should, before investment, refer to the Scheme Information Document and Statement of Additional Information available free of cost at any of the SBIFMPL branches or distributors or from the website www.sbimf.com.

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Name of the SBI Liquid Fund Scheme Type of Scheme An Open – ended Liquid Scheme

Investment The investment objective is to provide the investors an opportunity to invest in the entire Objective range of debt and money market securities with residual maturity upto 91 days only. However, there is no guarantee or assurance that the scheme’s objective will be achieved. The scheme does not guarantee or assure any returns.

Asset Allocation Pattern Asset Allocation Risk Profile Instruments Min Max

Debt instruments (including Debt derivatives) and 0% 100% Low Money Market instruments with a residual maturity upto 91 Days only Securitized Debt with a residual maturity upto 91 Days 0% 20% Medium to only High

The scheme may invest in units of Mutual Funds The Scheme may invest in Repo in Corporate Debt as permitted by SEBI For detailed asset allocation, please refer to SID

Investment The scheme will invest in the entire range of debt and money market instruments in line with Strategy the investment objective to provide attractive risk-adjusted returns to its investors while maintaining a high degree of liquidity to the investments. Risk Profile of the Mutual Fund Units involve investment risks including the possible loss of principal. Please read Scheme the SID carefully for details on risk factors before investment. Scheme specific risk factors are summarized below: SBI Liquid Fund will be investing in debt instruments (including Securitized debt), and money market instruments. Trading volumes and settlement periods inherently restricts the liquidity of the scheme's investments.. The Scheme is subjected to risk factors associated with investments in debt and money market instrument, Securitized Debt, Repo in Corporate Debt and segregated portfolio as detailed in the SID.

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Committee of the Board, which enables a dedicated focus on risk factors and the relevant risk mitigates.

For risk control, the following may be noted: Liquidity risks: The liquidity of the Scheme’s investments may be inherently restricted by trading volumes, transfer procedures and settlement periods. Liquidity Risk can be partly mitigated by diversification, staggering of maturities as well as internal risk controls that lean towards purchase of liquid securities. Interest Rate Risk: Changes in interest rates affect the prices of bonds. If interest rates rise the prices of bonds fall and vice versa. A well-diversified portfolio may help to mitigate this risk. Credit Risks Credit risk shall be mitigated by investing in rated papers of the companies having the sound back ground, strong fundamentals, and quality of management and financial strength of the Company. Volatility risks: There is the risk of volatility in markets due to external factors like liquidity flows, changes in the business environment, economic policy etc. The scheme will manage volatility risk through diversification. Plans /Options The scheme would have two plans viz. Direct Plan & Regular Plan. Direct Plan: Direct Plan is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund or through Registered Investment Advisor (RIA) and is not available for investors who route their investments through a Distributor. All the features of the Direct Plan under Scheme like the investment objective, asset allocation pattern, investment strategy, risk factors, facilities offered, load structure etc. will be the same except for a lower expense ratio as detailed in Section IV – Fees and Expenses – B. – Annual Recurring Expenses of the SID. Brokerage/Commission paid to distributors will not be paid / charged under the Direct Plan. Both the plans shall have a common portfolio. Eligible investors: All categories of investors as permitted under the Scheme Information Document of the Scheme are eligible to subscribe under Direct Plan. Modes for applying: Investments under Direct Plan can be made through various modes offered by the Mutual Fund for investing directly with the Mutual Fund. How to apply: Investors desirous of subscribing under Direct Plan of a Scheme will have to ensure to indicate “Direct Plan” against the Scheme name in the application form. Investors should also indicate “Direct” in the ARN column of the application form. Regular Plan This Plan is for investors who wish to route their investment through any distributor.

The default plan in following cases will be:

Broker Code mentioned Plan mentioned by Default Plan to be Scenario by the investor the investor captured

1 Not mentioned Not mentioned Direct Plan

2 Not mentioned Direct Direct Plan

3 Not mentioned Regular Direct Plan

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4 Mentioned Direct Direct Plan

5 Direct Not Mentioned Direct Plan

6 Direct Regular Direct Plan

7 Mentioned Regular Regular Plan

8 Mentioned Not Mentioned Regular Plan

Applicable NAV For Purchases 1. 2. 1. Where the application is received upto 1.30 p.m. on a day and funds for the entire amount of subscription/purchase as per the application are credited to the bank account of the respective liquid schemes/plans before the cut-off time i.e. available for utilization before the cut-off time – the closing NAV of the day immediately preceding the day of receipt of application shall be applicable; 3. 4. 2. Where the application is received after 1.30 p.m. on a day and funds for the entire amount of subscription/purchase as per the application are credited to the bank account of the respective liquid schemes/plans on the same day i.e. available for utilization on the same day– the closing NAV of the day immediately preceding the next business day shall be applicable; 5. 6. 3. Irrespective of the time of receipt of application, where the funds for the entire amount of subscription/purchase as per the application are not credited to the bank account for the respective liquid schemes/plans before the cut-off time i.e. not available for utilization before the cut-off time – the closing NAV of the day immediately preceding the day on which the funds are available for utilization shall be applicable.

For Allotment of units in respect of Switch – ins from Other Schemes:

It is necessary that:

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1. Application for switch-in is received before the applicable cut-off time.

2. Funds for the entire amount of subscription/purchase as per the switch-in request are credited to the bank account of the respective switch-in schemes before the cut-off time.

3. The funds are available for utilization before the cut-off time, by the respective switch-in schemes.

For Redemption: In respect of valid application received under the Scheme, the following repurchase NAV shall be applicable: 1. Where the application is received upto 3.00 pm – the closing NAV of the day immediately preceding the next business day; and 2. Where the application is received after 3.00 pm – the closing NAV of the next business day. Minimum Purchase: Rs. 5,000/- and in multiples of Re.1. Investment Amount/ Number of units Minimum Additional amount for investment: Rs. 5,000/- & in multiples of Re.1

Repurchase: Rs.5000/- or 1 Unit or account balance whichever is lower. Please note that because of redemption, if the outstanding balance amount falls below the minimum redemption amount as per the scheme features, SBIMF reserves the right to redeem the balance units at applicable repurchase price.

Pursuant to SEBI Circular no. SEBI/HO/IMD/DF2/CIR/P/2017/39 dated May 8, 2017, the Scheme also offers ‘Instant Redemption facility’ (‘the facility’). AUM & Number of AUM: Rs. 45,215.15 Crores Folios of the No. of Folios: 68, 345 Scheme as on December 31, 2020 Despatch of Within 10 business days of the receipt of the repurchase (redemption) request at the authorized Repurchase Point of Acceptance of SBI Mutual Fund. (Redemption) request Benchmark Index Crisil Liquid Fund Index

Fund Manager - 2.8 years, Managing since May 2018 Tenure of Managing the Scheme Trustee Company SBI Mutual Fund Trustee Company Private Limited Segregation of Creation of segregated portfolio shall be subject to following guidelines specified by SEBI as per Portfolio circular no. SEBI/HO/IMD/DF2/CIR/ P/2018/160 dated December 28, 2018 and circular no. SEBI/HO/IMD/DF2/CIR/P/2019/127 dated November 07, 2019.

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Performance of Performance of the scheme (As on Dec 31, 2020) the scheme Scheme Name 1 year 3 years 5 years Since Inception SBI Liquid Fund - Regular Plan - 4.17 5.99 6.42 7.31 Growth 4.60 6.34 6.63 7.30 Benchmark: - Crisil Liquid Fund Index Inception Date:24th Nov 2003

Financial Year Wise Returns 9 8 7 6 5 4

3 Returns (%) 2 1 0 2015-16 2016-17 2017-18 2018-19 2019-20 Financial Year

SBI Liquid Fund Crisil Liquid Fund Index

Scheme’s Portfolio Fund Allocation towards Various Sectors Holdings (As on Sector Name % of Net Asset December 31, 2020) SOVEREIGN 37.72

FINANCIAL SERVICES 17.86

POWER 6.66

OIL & GAS 6.60

INDUSTRIAL MANUFACTURING 4.62

SERVICES 3.98

CONSUMER GOODS 1.64

CONSTRUCTION 1.53

CEMENT & CEMENT PRODUCTS 0.66

Top 10 Holdings

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Issuer % of Net Asset

91 DAY T-BILL 01.04.21 7.52

RELIANCE INDUSTRIES LTD. 6.60

91 DAY T-BILL 04.03.21 5.13

91 DAY T-BILL 21.01.21 4.81

HOUSING DEVELOPMENT FINANCE CORPORATION LTD. 4.37

91 DAY T-BILL 25.03.21 4.35

HINDUSTAN AERONAUTICS LTD. 4.35

NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT 3.93

91 DAY T-BILL 11.03.21 3.27

ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD. 2.89

Portfolio Turnover N.A. Ratio Website link to https://www.sbimf.com/en-us/portfolios obtain scheme’s latest monthly portfolio holdings Expenses of the scheme (i) Load Entry Load: Not applicable Structure Exit Load:

Investor exit upon subscription / switch-in Exit Load as a % of redemption proceeds Day1 0.0070%

Day2 0.0065%

Day3 0.0060% Day4 0.0055% Day5 0.0050% Day6 0.0045% Day7 Onwards NIL

The AMC reserves the right to modify / change the load structure on a prospective basis.

The AMC has estimated that upto 2.00% (plus allowed under regulation 52(6A) of the daily net asset will be charged to the scheme as expenses. The maximum annual recurring expenses that

(ii) Recurring can be charged to the Scheme, excluding issue or redemption expenses, whether initially borne expenses by the mutual fund or by the asset management company, but including the investment management and advisory fee shall be within the limits stated in Regulations 52 read with SEBI circular no. CIR/IMD/DF/21/2012 dated September 13, 2012. The AMC may charge the

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investment and advisory fees within the limits of total expenses prescribed under Regulation 52 of the SEBI (Mutual Funds) Regulations.

Pursuant to SEBI Circular No. SEBI /HO/IMD/DF2/CIR/P/2018/15 dated February 02, 2018, additional expenses under regulation 52 (6A) (c) shall not be levied if the scheme doesn’t have exit load.

These estimates have been made in good faith as per the information available to the Investment Manager based on past experience and are subject to change inter-se. Types of expenses charged shall be as per the SEBI (MF) Regulations. Pursuant to SEBI Notification dated December 13, 2018, the maximum total expenses of the scheme under Regulation 52(6)(c) shall be subject to following limits Assets under management (in Rs Crores) Total expense ratio limits On the first Rs.500 crores of the daily net assets 2.00% On the next Rs.250 crores of the daily net assets 1.75% On the next Rs.1,250 crores of the daily net assets 1.50% On the next Rs.3,000 crores of the daily net assets 1.35% On the next Rs.5,000 crores of the daily net assets 1.25% On the next Rs.40,000 crores of the daily net assets Total expense ratio reduction of 0.05% for every increase of Rs.5,000 crores of daily net assets or part thereof. On balance of the assets 0.80%

The scheme may charge additional expenses incurred towards different heads mentioned under regulations (2) and (4), not exceeding 0.05% of the daily net assets.

In addition to expenses as permissible under Regulation 52 (6) (c), the AMC may charge the following additional costs or expenses to the scheme:

1. The Goods & service tax on investment management and advisory fees would be charged in addition to above limit. 2. Brokerage and transaction costs which are incurred for the purpose of execution of trade and is included in the cost of investment, not exceeding 0.12 per cent in case of cash market transactions and 0.05 percent for derivative transaction. Further, in terms of SEBI circular CIR/IMD/DF/24/2012 dated November 19, 2012, It is clarified that the brokerage and transaction cost incurred for the purpose of execution of trade may be capitalized to the extent of 12bps and 5bps for cash market transactions and derivatives transactions respectively. Any payment towards brokerage and transaction cost, over and above the said 12 bps and 5bps for cash market transactions and derivatives transactions respectively may be charged to the scheme within the maximum limit of Total Expense Ratio (TER) as prescribed under regulation 52 of the SEBI (Mutual Funds) Regulations, 1996. Goods & service tax on brokerage and transaction cost paid for execution of trade, if any, shall be within the limit prescribed under regulation 52 of the Regulations 3. In terms of Regulation 52 (6A) (b), expenses not exceeding of 0.30 per cent of daily net assets will be charged, if the new inflows from such cities as specified from time to time are at least – (i) 30 percent of gross new inflows in the scheme, or;

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(ii) 15 percent of the average assets under management (year to date) of the scheme, whichever is higher: Provided that if inflows from such cities is less than the higher of sub-clause (i) or sub- clause (ii), such expenses on daily net assets of the scheme shall be charged on proportionate basis: Provided further that expenses charged under this clause shall be utilised for distribution expenses incurred for bringing inflows from such cities: Provided further that amount incurred as expense on account of inflows from such cities shall be credited back to the scheme in case the said inflows are redeemed within a period of one year from the date of investment. 4. Further, GST on expenses other than investment and advisory fees shall be borne by the Scheme within the maximum limit of annual recurring expenses as prescribed in Regulation 52.

Actual expenses for the previous financial year ended March 31, 2020:

Scheme Name Regular Plan Direct Plan SBI Liquid Fund 0.25% 0.18%

Tax treatment for Investors will be advised to refer to the details in the Statement of Additional Information & the Investors also independently refer to their tax advisor.

Daily Net Asset NAV of the Scheme shall be computed and declared on daily basis and shall be disclosed in the Value (NAV) manner as may be specified by SEBI. NAV can be viewed on www.sbimf.com and Publication www.amfiindia.com

Monthly/Fortnight The Fund shall disclose the scheme’s portfolio (along with the ISIN) in the prescribed format as ly Disclosure of on the last day of the month for all the Schemes of SBI Mutual Fund on its website i.e. Schemes’ Portfolio www.sbimf.com and on the AMFI’s website i.e. www.amfiindia.com within 10 days from the Statement close of the month. Further, the Statement of Scheme portfolio shall be emailed to those unitholders whose email addresses are registered with the Fund within the above prescribed timeline. Further, the AMC shall provide physical copy of the statement of scheme portfolio, without charging any cost, on receipt of a specific request from the unitholder. Pursuant to SEBI Circular no. SEBI/HO/IMD/DF3/CIR/P/2020/130 dated July 22, 2020, the fund shall also disclose the scheme’s portfolio in the prescribed format along with the ISIN on fortnightly basis within 5 days of every fortnight on its website www.sbimf.com

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Provided that an additional exposure to financial services sector (over and above the limit of 20%) not exceeding 10% of the net assets of the scheme shall be allowed only by way of increase in exposure to Housing Finance Companies (HFCs); Further, an additional exposure of 5% of the net assets of the scheme has been allowed for investments in securitized debt instruments based on retail housing loan portfolio and/or affordable housing loan portfolio.

Provided further that the additional exposure to such securities issued by HFCs are rated AA and above and these HFCs are registered with National Housing Bank (NHB) and the total investment/ exposure in HFCs shall not exceed 20% of the net assets of the scheme.

Annual Report Scheme wise Annual Report or an abridged summary thereof shall be provided to all unitholders within four months from the date of closure of the relevant accounts year i.e. 31st March each year as follows: 1. The Scheme wise annual report / abridged summary thereof shall be hosted on website of the Fund i.e., www.sbimf.com and on the website of AMFI i.e. www.amfiindia.com. The physical copy of the scheme-wise annual report or abridged summary shall be made available to the unitholders at the registered office of SBI Mutual Fund at all times. 2. The scheme annual report or an abridged summary thereof shall be emailed to those unitholders whose email addresses are registered with the Fund. 3. The AMC shall publish an advertisement on annual basis, in the all India edition of at least two daily newspapers, one each in English and Hindi; disclosing the hosting of the scheme wise annual report on its website viz. www.sbimf.com and on the website of AMFI i.e. www.amfiindia.com and the modes through which a written request can be submitted by the unitholder for obtaining a physical or electronic copy of the scheme- wise annual report or abridged summary. 4. The AMC shall provide physical copy of the abridged summary of the Annual report, without charging any cost, on receipt of a specific request from the unitholder. For Investor Grievances, please Registrar SBI Mutual Fund Contact Computer Age Management Mr. C.A Santosh Services Ltd., (Investor Relations Officer) (SEBI Registration No.: INR000002813) SBI Funds Management Pvt. Ltd. Rayala Towers 158, Anna Salai 9th Floor, Crescenzo, Chennai - 600002 C-38 & 39, G Block, Tel No.: (044) 28881101/36 Bandra Kurla Complex, Bandra (East), Fax: (044) 30407101 Mumbai – 400 051 Email: [email protected], Tel: 022- 61793537 Website: www.camsonline.com Email: [email protected]

Unit holders’ Pursuant to Regulation 36 of the SEBI Regulation, the following shall be applicable with Information respect to account statement:

The asset management company shall ensure that consolidated account statement for each calendar month is issued, on or before tenth day of succeeding month, detailing all the transactions and holding at the end of the month including transaction charges

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paid to the distributor, across all schemes of all mutual funds, to all the investors in whose folios transaction has taken place during that month:

In terms of SEBI Circular No. IR/MRD/DP/31/2014 dated November 12, 2014 on Consolidated Account Statement, investors having Demat account has an option to receive consolidated account statement:

• Investors having MF investments and holding securities in Demat account shall receive a single Consolidated Account Statement (CAS) from the Depository.

• In case an investor has multiple accounts across two depositories, the depository with whom the account has been opened earlier will be the default depository.

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circulation and in a newspaper having wide circulation published in the language of the region where the Head Office of the mutual fund is situated.

Note - For further details of the Scheme, investors are requested to refer Scheme Information Document

How this scheme is different from the existing schemes of SBI Mutual Fund:

AUM (Rs Folio in crores) Scheme Investment (as on Investment Strategy Asset Allocation (as on Name objectives December December 31, 2020) 31, 2020) SBI Debt To provide the Investments under the • Equity and Equity related 1,013.12 26772 Hybrid investors an fund will be a mix of Instruments (including derivatives) - Fund opportunity to debt, equity & money 10% - 25%; invest primarily in market instruments. • Debt instruments (including debt derivatives) and Money Market Debt and Money Debt instruments will instruments (including TRIPARTY market be invested based on REPO, Reverse repo and equivalent) instruments and evaluation of macro- - 75% 90%; secondarily in economic factors, • Units issued by REITs and InVITs – 0% equity and equity market dynamics and - 10%. related issuer specific factors. instruments. Maximum exposure to equities is capped at 25% in this scheme.

SBI Credit To provide the The scheme aims to • Debt (including securitized debt) and 3,670.30 48987 Risk Fund investors an generate attractive Money Market Instruments -upto opportunity to returns through high- 100% yielding corporate predominantly • ADR/GDR/Foreign Securities – 0% - debt securities which 25% invest in corporate are rated below the • Units issued by REITs and InVITs – 0% bonds rated AA or highest rating. The - 10% below (excluding fund will follow an AA+ rated active credit corporate bonds) management strategy. so as to generate Performance will depend on the Asset attractive returns Management while maintaining Company’s ability to moderate liquidity accurately assess the in the portfolio financial position of through the security issuers investment in regarding paying off its money market debt. The investments may be made in securities. primary as well as secondary markets.

The portfolio will be sufficiently diversified to minimize credit risk. The Scheme being open-ended, some portion of the KIM- SBI Liquid Fund Page 12

AUM (Rs Folio in crores) Scheme Investment (as on Investment Strategy Asset Allocation (as on Name objectives December December 31, 2020) 31, 2020) portfolio will be invested in money market instruments so as to meet the liquidity requirements.

SBI Multi To provide the Investments under the • Equity and Equity related 224.43 11640 Asset investors an fund will be Instruments (including Allocation opportunity to predominantly in a mix derivatives and Equity ETFs*) - of debt & debt related Fund invest in an actively 10 %-80%; instruments, equity managed portfolio & equity related • Debt instruments (including of multiple asset instruments, & gold & Central and State Government classes. gold related securities, debt derivatives and instruments including debt ETFs*) and Money market domestic and overseas instruments – 10% - 80% ETFs, units of REITs • Gold related and InvITs and such other asset classes as instruments^^/Gold ETFs – 10% SEBI may prescribe - 80% from time to time. Debt instruments will *including domestic and overseas ETFs be invested based on evaluation of macro- Units of REITs and InvITs and such other economic factors, asset classes as SEBI may prescribe from market dynamics time to time. 0%-10% and issuer specific factors. • ^^ As defined in SEBI (Mutual Funds) Regulation, 1996 and circulars issued from time to time and in terms of SEBI circular no. SEBI/HO/IMD/DF2/CIR/P/2019/65 dated May 21, 2019, the Scheme may participate in ETCDs having gold as the Underlying and hence may hold the underlying gold in case of physical settlement of contracts, in that case the mutual fund scheme shall dispose of gold from the books of the scheme, at the earliest, not

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AUM (Rs Folio in crores) Scheme Investment (as on Investment Strategy Asset Allocation (as on Name objectives December December 31, 2020) 31, 2020) exceeding 30 days from the date of holding of the physical gold.

SBI Savings To provide the An open-ended • Money market instruments including 22,089.86 209255 Fund investors an debt scheme CPs, CDs, Commercial Bills, T-Bills, opportunity to investing in money Government securities having an invest in money market instruments unexpired maturity up to one year, call or notice money, Usance bills, market instruments as defined by SEBI / and Non-Convertible Debentures RBI from time to (NCDs) of original or initial maturity time. The up to one year – 0% - 100% investment strategy would be towards generating stable returns through a portfolio of Money Market instruments seeking to capture the term and credit spreads

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AUM (Rs Folio in crores) Scheme Investment (as on Investment Strategy Asset Allocation (as on Name objectives December December 31, 2020) 31, 2020) SBI To provide The scheme will • Debt instruments (including Central 16,336.89 72707 Magnum investors an invest its corpus in and State Government(s) securities, Low opportunity to the entire range of Debt derivatives), and Money Market instruments – 0% - 100% Duration generate regular debt and money Fund income with market securities in reasonable degree line with the of liquidity investment through objective to provide investments in attractive risk- debt and money adjusted returns to market its investors instruments in through active such a manner management of that the Macaulay credit risk and duration of the interest rate risk in portfolio is its portfolio. between 6 months and 12 months

SBI Short To provide The scheme will • Debt instruments (including Central 23,370.29 89277 Term Debt investors an invest based on a and State Government(s) securities, Fund opportunity to continuous debt derivatives) and Money Market generate regular evaluation of instruments – 65% - 100%; • Securitized Debt – 0% - 35%. income through macro-economic investments in a factors, market portfolio dynamics and debt- comprising issuer specific predominantly of factors. The scheme debt instruments will invest its corpus which are rated in the entire range not below of debt and money investment grade market securities in and money market line with the instruments such investment that the Macaulay objective to provide duration of the attractive risk- portfolio is adjusted returns to between 1 year its investors and 3 years through active management of credit risk and interest rate risk in its portfolio.

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AUM (Rs Folio in crores) Scheme Investment (as on Investment Strategy Asset Allocation (as on Name objectives December December 31, 2020) 31, 2020) SBI To provide returns Investment in • Central and State Government 4,398.67 35695 Magnum to the investors Central and/or State securities, T-Bills – 80% - 100%; Gilt Fund generated through Government • TRIPARTY REPO, Repo and Cash – 0% - investments in securities are 20%;

Government considered to be securities issued by free of credit risk. the Central However the aim of Government the portfolio will be and/or State to make capital Government(s). gains by actively managing interest rate risk.

SBI To provide returns Investment in • Central Government and State 852.60 27541 Magnum to the investors Central and/or State Government securities, T-Bills – 80% - Constant generated through Government 100% Maturity investments securities are free of • TRIPARTY REPO, Repo and Cash – 0% - 20% Fund predominantly in credit risk. Government However, the aim of securities issued by the portfolio will be the Central to make capital Government gains by actively and/or State managing interest Government such rate risk. that the Average Maturity of the portfolio is around 10 years.

SBI To provide An open ended • Debt instruments (including Central 14,315.62 41376 Magnum investors with an ultra-short duration and State Government(s) securities, Ultra Short opportunity to debt scheme Debt derivatives) and Money Market Duration generate regular investing in instruments - 0% - 100%

Fund income with high instruments such degree of liquidity that the Macaulay through duration of Portfolio investments in a is between 3 portfolio months and 6 comprising months. The predominantly of scheme will invest debt and money its corpus in the market entire range of debt instruments and money market securities in line with the investment

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AUM (Rs Folio in crores) Scheme Investment (as on Investment Strategy Asset Allocation (as on Name objectives December December 31, 2020) 31, 2020) objective to provide attractive risk- adjusted returns to its investors through active management of credit risk and interest rate risk in its portfolio.

SBI To provide the The proportion of • Equities or equity related 73.48 9499 Magnum investors an the scheme instruments (including derivatives) – Children’s opportunity to earn portfolio invested in 0% - 25% Benefit regular income each type of • Debt instruments (including Central and State Government(s) securities) Fund – predominantly security will vary in and Money market instruments Savings through investment accordance with (including TRIPARTY REPO, Reverse Plan in debt and money economic repo and equivalent) – 75% - 100% market instruments conditions, interest • Securitized Debt – 0% - 10% and capital rates, liquidity and • Units issued by REITs & InvITs – 0% - appreciation other relevant 10% through an actively considerations, managed equity including the risks portfolio associated with each investment. The scheme intends to invest upto 25% of the corpus in equity and equity related instruments

SBI To provide The scheme will Debt instruments 6,920.69 95273 Magnum investors an invest its corpus in Medium opportunity to the entire range of • (including Central and State Government(s) securities, debt Duration generate debt and money derivatives) and Money Market Fund attractive returns market securities in instruments -0%- 100%; with moderate line with the • Units issued by REITs and InVITs – degree of liquidity investment 0% - 10% through objective to provide investments in attractive risk- debt and money adjusted returns to market its investors instruments such through active that the Macaulay management of duration of the credit risk and portfolio is

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AUM (Rs Folio in crores) Scheme Investment (as on Investment Strategy Asset Allocation (as on Name objectives December December 31, 2020) 31, 2020) between 3 years – interest rate risk in 4 years. its portfolio.

However, there is no guarantee or assurance that the investment objective of the scheme will be achieved. The scheme doesn’t assure or guarantee any returns.

SBI To provide The scheme will • Debt instruments 1,765.87 27558 Magnum investors an invest based on a (including Central and State Income opportunity to continuous Government securities, debt derivatives) Fund generate regular evaluation of and Money Market instruments – 0% - income through macro-economic 100% investments in factors, market • debt and money dynamics and debt- Units issued by REITs and InVITs – 0% -10% market issuer specific

instruments such factors. The scheme • Securitized Debt – 0% -20% that the Macaulay will invest its corpus duration of the in the entire range portfolio is of debt and money between 4 years market securities in and 7 years. line with the investment However, there is objective to provide no guarantee or attractive risk- assurance that the adjusted returns to investment its investors objective of the through active scheme will be management of achieved. The credit risk and scheme doesn’t interest rate risk in assure or its portfolio. guarantee any returns.

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AUM (Rs Folio in crores) Scheme Investment (as on Investment Strategy Asset Allocation (as on Name objectives December December 31, 2020) 31, 2020) SBI To provide the The Fund will invest • Overnight securities or instruments 9,157.93 8810 Overnight investors an in overnight maturing in the next business day Fund opportunity to securities to (including TRIPARTY REPO, Reverse Repo and equivalent) – 0% - 100% invest in overnight generate returns securities corresponding to maturing on the the overnight rates next business day. in the money markets.

SBI To provide The investment • Debt Instruments (including Central 2,673.44 43980 Dynamic investors strategy of the and State Government securities, Bond attractive Scheme would be to debt derivatives) – 0%-100%; Fund returns through allocate fund corpus • Money Market Instruments – 0% - 100%. investment in across debt • Units issued by REITs and InVITs – 0% an actively securities including - 10% managed Central and State portfolio of Government high quality securities, debt debt securities derivatives and of varying money market maturities instruments of various maturities on the basis of the expected interest rate scenario. Since the interest rates can be volatile at times, the fund will always endeavour to invest in highly liquid debt and money market instruments. The fund will follow an active duration management strategy as a result of which the portfolio turnover could be high.

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AUM (Rs Folio in crores) Scheme Investment (as on Investment Strategy Asset Allocation (as on Name objectives December December 31, 2020) 31, 2020) SBI To provide SBI Dynamic Asset • Equity & Equity related instruments 602.08 18992 Dynamic investors with an Allocation Fund including foreign securities and Asset opportunity to endeavours to meet derivatives – 0% – 100% Allocation invest in a the objective of this • Debt instruments (including Central and State Government securities, Fund portfolio which is a fund mainly from debt derivatives) & Money Market mix of equity and asset allocation Instruments (including TRIPARTY equity related between asset REPO, Reverse Repo and equivalent) securities and classes. This - 0% – 100% fixed income approach will help instruments. The reduce the risk of allocation tracking the between fixed individual asset income and equity classes. Based on instruments will historical be managed observation, these dynamically so as asset classes exhibit to provide very different risk – investors with long return profile and a term capital low correlation to appreciation each other. Both Debt and Equity tend to outperform each other on a relative risk adjusted basis under different market conditions. The fund strategy is based on the persistence of such outperformance over longer periods. The Scheme will allocate higher weight to the asset class that is relatively favourable under the prevailing market and economic conditions. The fund manager will aim for a superior risk adjusted returns over long time periods. The entire

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AUM (Rs Folio in crores) Scheme Investment (as on Investment Strategy Asset Allocation (as on Name objectives December December 31, 2020) 31, 2020) approach is rule based and involves a list of checklists and filters to generate buy and sell signals. The key feature of this approach is its design to buy into weakness and to sell into strength.

The optimal allocation between Equity, Debt and Cash will be based on three principles:

• Momentum

• Rate of change in momentum

• Exhaustion of momentum

1. Momentum: The model assesses the relative strength of momentum for each asset class by examining whether current prices are above or below historical moving average prices for short and medium- term periods. By using a combination of moving averages for different terms, we expect a higher stability and confidence in the momentum indicator. The asset class that shows a KIM- SBI Liquid Fund Page 21

AUM (Rs Folio in crores) Scheme Investment (as on Investment Strategy Asset Allocation (as on Name objectives December December 31, 2020) 31, 2020) higher ratio between current price and the moving average price will get a higher weighting.

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AUM (Rs Folio in crores) Scheme Investment (as on Investment Strategy Asset Allocation (as on Name objectives December December 31, 2020) 31, 2020) reversal in price. The model incorporates the third and essential component of “momentum- exhaustion” which attempts to identify the price and time points at which the probability of a short-term reversal in price trend is quite high. The strategy involves tracking price behaviour and identifying price relationships that typically appear prior to and coincident with market turning points.

AUM (Rs Folio in crores) Scheme Investment (as on Investment Strategy Asset Allocation (as on Name objectives December December 31, 2020) 31, 2020) based on the contrary stance to the existing momentum signal. In this framework, Fund Manager will use the “momentum- exhaustion” strategy solely on the equity asset class. When either a buy or sell signal is triggered using this strategy, the weight obtained for equity using the Momentum and Rate of change framework will be over-ruled. In other words, under a “Buy” signal, the portfolio will entirely shift to the equity asset class while under the “Sell” signal, the equity weight in the portfolio will be reduced to zero. This will last as long as the buy or sell signal is active. The “momentum- exhaustion” signals will eventually get deactivated either upon realizing a pre- calculated profit target or upon reaching a stop-loss level. Buy and sell signals using the “momentum- exhaustion” strategy

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AUM (Rs Folio in crores) Scheme Investment (as on Investment Strategy Asset Allocation (as on Name objectives December December 31, 2020) 31, 2020) is triggered relatively infrequently.

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AUM (Rs Folio in crores) Scheme Investment (as on Investment Strategy Asset Allocation (as on Name objectives December December 31, 2020) 31, 2020) in comparison to selling or buying each individual securities in the portfolio. Derivatives will provide the ability to make larger changes in the allocation without increasing the risk of illiquidity. The exposure to derivatives will be gradually reduced as the market retains a stable trend.

SBI To provide the The scheme aims to • Corporate Bonds rated AA+ and 28,564.38 284299 Corporate investors an generate attractive above only- 80%-100% Bond opportunity to returns through high • Debt instruments other than above Fund predominantly quality corporate including Central and State Government (s) dated securities and invest in corporate debt securities which Money market instruments- 0%-20% bonds rated AA+ are rated AA+ and • Units of REITs and InVITs- 0%-10% and above to above. Performance generate will depend on the additional spread Asset Management on part of their Company’s ability to debt investments accurately assess the from high quality financial position of corporate debt the security issuers securities while regarding paying off maintaining its debt. The moderate liquidity investments may be in the portfolio made in primary as through well as secondary investment in markets. The money market portfolio will be securities. sufficiently However, there is diversified to no guarantee or minimize credit risk. assurance that the The Scheme being scheme’s objective open-ended, some will be achieved. portion of the The scheme does portfolio will be not guarantee or invested in money KIM- SBI Liquid Fund Page 26

AUM (Rs Folio in crores) Scheme Investment (as on Investment Strategy Asset Allocation (as on Name objectives December December 31, 2020) 31, 2020) assure any market instruments returns. to meet the liquidity requirements.

SBI The scheme seeks to An open-ended • Debt and money market instruments 12,066.43 37670 Banking generate regular debt scheme issued by Banks, PSUs, PFIs and and PSU income through a predominantly Municipal bodies – 80% - 100% Fund judicious mix of investing in debt • Debt instruments (including Central and State Government(s) securities) portfolio comprising & money market and money market instruments other predominantly debt securities issued than above – 0% -20% and money market by Banks, Public securities of Banks, Sector Public Sector Undertakings, Undertakings, Public Public Financial Financial Institutions and Institutions and Municipal bodies. Municipal bodies.

SBI The investment The scheme • Floating rate securities* (including 70.64 1270 Floating objective of the proposes to fixed rate securities converted to Rate Debt scheme is to invest floating rate exposures using generate regular Fund substantially in swaps / derivatives) – 65%-100% income through • Fixed rate debt securities, floating interest investment securitized debt, money market in a portfolio rate securities, instruments and units of mutual comprising fixed funds including debt ETF – 0%-35% substantially of interest rate • Units issued by REIT/InVIT – 0%- floating rate debt securities 10% instruments. The swapped for * Floating rate securities include scheme may floating rate Floating rate Money Market Securities invest a portion of its net assets in returns. The fixed rate debt scheme may also securities swapped invest a for floating rate part of the returns and money portfolio in fixed market rate debt instruments. securities and However, there is no guarantee or money market assurance that the instruments. The scheme’s objective aim of will be achieved. the investment strategy will be to allocate the assets of the KIM- SBI Liquid Fund Page 27

AUM (Rs Folio in crores) Scheme Investment (as on Investment Strategy Asset Allocation (as on Name objectives December December 31, 2020) 31, 2020) The scheme does scheme between not guarantee or various fixed assure any returns. interest rate securities and floating interest rate securities and use derivatives like swaps and FRAs effectively with the objective of achieving stable returns in the short as well as long term. Investment decision will be primarily guided by fundamental research and analysis. The fund manager will manage the portfolio based on the outlook on interest rates and liquidity etc. Such outlook will be developed by in-house assessment of various macro factors like economic growth, inflation, credit pick-up, liquidity and other such factors as considered relevant. The Scheme may also invest in the securities viz.

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AUM (Rs Folio in crores) Scheme Investment (as on Investment Strategy Asset Allocation (as on Name objectives December December 31, 2020) 31, 2020) units of REITs and InvITs subject to necessary stipulations by SEBI from time to time.

Please refer to Common Debt KIM for guidelines, application forms and terms & conditions (including SIP, STP, SWP, Trigger, etc.)

Date: January 20, 2021

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Asset Management Company: SBI Funds Management Pvt. Ltd. (A Joint Venture between State Bank of India & AMUNDI)

KEY INFORMATION MEMORANDUM

Product Labelling

This product is suitable for investors who are seeking*: Riskometer

• Long term capital appreciation • Investments in equity stocks of MNC companies.

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Continuous offer of Units at NAV related prices on ongoing basis

This Key Information Memorandum (KIM) sets forth the information, which a prospective investor ought to know before investing. For further details of the Scheme/Mutual Fund, due diligence certificate by the AMC, Key Personnel, investors’ rights & services, risk factors, penalties & pending litigations etc. Investors should, before investment, refer to the Scheme Information Document and Statement of Additional Information available free of cost at any of the SBIFMPL branches or distributors or from the website www.sbimf.com.

KIM – SBI Magnum Global Fund Page 1

Type of Scheme An open ended equity scheme investing in companies following the MNC theme Investment Objective The investment objective of the scheme is to provide the investor with the opportunity of long term capital appreciation by investing in diversified portfolio comprising primarily of MNC companies However, there is no guarantee or assurance that the scheme’s objective will be achieved. The scheme does not guarantee or assure any returns. Asset Allocation Asset Allocation of the Scheme Indicative Allocation Pattern Instruments Risk Profile (% of total assets) Equity and equity related companies within MNC space 80%-100% High including derivatives and foreign securities# Other equities and equity related 0%-20% High instruments

Units issued by REIT/InVIT* 0%-10% Medium to High

Debt instruments (including 0%-10% Medium securitized debt) Money market instruments 0%-20% Low * The exposure will be in line with SEBI/AMFI limits specified from time to time The scheme may engage in stock lending - upto 20% of the net assets of the scheme Exposure to derivatives instruments to the extent of 50% of the Net Assets as permitted by SEBI. The cumulative gross exposure through Equity and equity related instruments including derivative position, debt, Money Market Instruments will not exceed 100% of the net assets of the scheme. #The Scheme may seek investment opportunities in foreign securities including ADRs / GDRs / Foreign equity and debt securities subject to the Regulations. Such investment shall not exceed 35% of the net assets of the Scheme. The scheme may invest in mutual fund units as permissible. The Scheme may invest in repo in corporate debt. For detailed asset allocation, please refer the Scheme Information Document.

Investment Strategy The fund will follow a bottom-up approach to stock-picking and choose companies across sectors/market capitalization which fall under the criteria of MNC. MNC Companies will be those: 1. Major Shareholding is by foreign entity, 2. Indian companies having over 50% turnover from regions outside India, 3. Foreign listed Companies Risk Profile of the Mutual Fund Units involve investment risks including the possible loss of principal. Please read the SID Scheme carefully for details on risk factors before investment. Scheme specific risk factors are summarized below: SBI Magnum Global Fund investing in equity & equity related companies within MNC space instruments, including derivatives and foreign securities, other equity and equity related instruments, as also debt instruments (including securitized debt), money market instruments, units issued by REIT/InVIT. The liquidity of the scheme’s investments is inherently restricted by trading volumes and settlement periods. In the event of an inordinately large number of redemption requests, or of a restructuring of the scheme’s investment portfolio, these periods may become significant. In view of the same, the Trustees have the right in their sole discretion to limit redemptions (including suspending redemptions) under certain circumstances.

The scheme shall be subject to risk associated with equity and equity related instruments, foreign securities, REITs/InVIT, debt and money market instruments, securitized debt, derivatives and repo transactions in corporate debt securities. Besides, the scheme is also subjected to risk associated with Liquidity Risk, Settlement Risk, Stock lending risk & Regulatory Risk associated with securities as detailed in the SID.

KIM – SBI Magnum Global Fund Page 2

Risk Control Investments in Equity and equity related instruments including derivatives, debt, money market instruments carry various risks such as inability to sell securities, trading volumes and settlement periods, market risk, interest rate risk, liquidity risk, default risk, reinvestment risk etc. Whilst such risks cannot be eliminated, they may be mitigated by diversification and hedging. In order to mitigate the various risks, the portfolio of the Scheme will be constructed in accordance with the investment restriction specified under the Regulations which would help in mitigating certain risks relating to investments in securities market. Further, the AMC has necessary framework in place for risk mitigation at an enterprise level. The Risk Management division is an independent division within the organization. Internal limits are defined and judiciously monitored. Risk indicators on various parameters are computed and are monitored on a regular basis. There is a Board level Committee, the Risk Management Committee of the Board, which enables a dedicated focus on risk factors and the relevant risk mitigates. For risk control, the following may be noted:

Interest Rate Risk: Changes in interest rates affect the prices of bonds. If interest rates rise the prices of bonds fall and vice versa. A well-diversified portfolio may help to mitigate this risk.

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Modes for applying: Investments under Direct Plan can be made through various modes offered by the Mutual Fund for investing directly with the Mutual Fund How to apply: Investors desirous of subscribing under Direct Plan of a Scheme will have to ensure to indicate “Direct Plan” against the Scheme name in the application form. Investors should also indicate “Direct” in the ARN column of the application form. Regular Plan This Plan is for investors who wish to route their investment through any distributor.

The default plan in following cases will be:

Broker Code mentioned by Plan mentioned by the Default Plan to be Scenario the investor investor captured

1 Not mentioned Not mentioned Direct Plan

2 Not mentioned Direct Direct Plan

3 Not mentioned Regular Direct Plan

4 Mentioned Direct Direct Plan

5 Direct Not Mentioned Direct Plan

6 Direct Regular Direct Plan

7 Mentioned Regular Regular Plan

8 Mentioned Not Mentioned Regular Plan

Investor can select only one option either pay out or reinvestment in dividend plan at a Scheme and folio level. Any subsequent request for change in Dividend option viz. Payout to Reinvestment or vice-versa would be processed at the Folio / Scheme level and not at individual transaction level. Accordingly, any change in dividend option (payout / reinvestment) will reflect for all the units held under the scheme / folio. Applicable NAV For subscription of below Rs. 2 lakhs - In respect of valid applications received upto 3 p.m. by the Mutual Fund at any of the OPAT of SBI Mutual Fund alongwith a local cheque or a demand draft payable at par at the place where the application is received, the closing NAV of the day on which application is received shall be applicable. In respect of valid applications received after 3 p.m. by the Mutual Fund at any of the OPAT of SBI Mutual Fund alongwith a local cheque or a demand draft payable at par at the place where the application is received, the closing NAV of the next business day shall be applicable.

KIM – SBI Magnum Global Fund Page 4

For Redemptions including switch-out: In respect of valid applications received on a business day, upto the 3.00 pm by the Mutual Fund, same day’s closing NAV shall be applicable. In respect of valid applications received after the 3.00 pm by the Mutual Fund, the closing NAV of the next business day shall be applicable. Minimum Application Minimum Investment Amount : Rs. 5000/- and in multiples of Re. 1 thereafter Amount Additional Purchase Amount: Rs. 1000/- and in multiples of Re. 1 thereafter Repurchase: Rs.500/- or 1 Units or account balance whichever is lower. Please note that as a result of redemption, if the outstanding balance amount falls below the minimum redemption amount as per the scheme features, SBIMF reserves the right to redeem the balance units at applicable repurchase price. Minimum Amount of Weekly – Minimum Rs 1000 & in multiples of Re. 1 thereafter for minimum 6 weeks SIP Monthly – Minimum Rs 1000 & in multiples of Re. 1 thereafter for minimum 6 months (or) minimum Rs 500 & in multiples of Re. 1 thereafter for minimum one year Quarterly – Minimum Rs 1500 & in multiples of Re. 1 thereafter for minimum one year Semi-Annual - Minimum Rs. 3000 & in multiples of Re. 1 thereafter for minimum of 4 instalments. Annual - Minimum Rs. 5000 & in multiples of Re. 1 thereafter for minimum of 4 instalments. Despatch of Within 10 business days of the receipt of the repurchase (redemption) request at the authorized Point of Repurchase Acceptance of SBI Mutual Fund. (Redemption) request Benchmark Index Nifty MNC Index TRI Dividend Policy Dividend declaration under the dividend option of the scheme is subject to the availability of distributable surplus and at the recommendation of the AMC, subject to approval of the trustees and no returns are assured under the schemes. Fund Manager Mr. Anup Upadhyay. Mr. Mohit Jain is the dedicated fund manager for managing overseas investments of the scheme. Fund Manager – 2 Years. Managing since May 05, 2018 Tenure of managing the scheme Trustee Company SBI Mutual Fund Trustee Company Private Limited

KIM – SBI Magnum Global Fund Page 5

Performance of the Performance of the scheme (As on April 30, 2020) scheme Scheme Name 1 year 3 years 5 years Since Inception SBI Magnum Global Fund - Regular Plan - -0.45 3.68 5.06 13.59 Dividend

Benchmark: Nifty MNC TRI -2.52 5.21 6.90 N.A.

Returns are CAGR calculated for dividend option and it has been assumed that the dividend declared under the scheme have been reinvested at the then prevailing NAV As the scheme was launched before the launch of the benchmark index, benchmark index figures since inception or the required period are not available.

Financial Year performance:

Financial Year Wise Returns 35 30 25 20 15 10

5 0 -5 2015-16 2016-17 2017-18 2018-19 2019-20 -10 -15 -20 SBI Magnum Global Fund-Reg-Dividend Nifty MNC TRI

Schemes Portfolio Top 10 Holdings: Holding (March April 30, 2020) Issuer Name % of Net Assets COLGATE PALMOLIVE (INDIA) LTD. 9.13 HINDUSTAN UNILEVER LTD. 7.84 NESTLE INDIA LTD. 7.44 BRITANNIA INDUSTRIES LTD. 4.16 PROCTER & GAMBLE HYGIENE AND HEALTH CARE LTD. 4.00 ABB INDIA LTD. 3.55 SANOFI INDIA LTD. 3.53 GRINDWELL NORTON LTD. 3.47 DIVI'S LABORATORIES LTD. 3.43 PI INDUSTRIES LTD. 3.31

KIM – SBI Magnum Global Fund Page 6

Fund Allocation towards various Sectors: Sector Name % of Net Assets CONSUMER GOODS 37.77 INDUSTRIAL MANUFACTURING 17.85 PHARMA 16.49 AUTOMOBILE 4.84 CHEMICALS 4.46 IT 3.34 FERTILISERS & PESTICIDES 3.31 SERVICES 2.87 CEMENT & CEMENT PRODUCTS 1.74 TEXTILES 1.69 METALS 1.29 FINANCIAL SERVICES 0.50

Portfolio Turnover 0.26 ratio ( April 30, 2020) Website link to obtain https://www.sbimf.com/en-us/portfolios schemes latest monthly portfolio holdings Expenses of the scheme (i) Load Structure Entry Load : Not applicable Exit Load: For exit within 12 months from the date of allotment - 1%; For exit after 12 months from the date of allotment - Nil. The AMC reserves the right to modify / change the load structure on a prospective basis.

(ii) Recurring The AMC has estimated that upto 2.25% (plus allowed under regulation 52(6A)) of the daily net asset will expenses be charged to the scheme as expenses. The maximum annual recurring expenses that can be charged to the Scheme, excluding issue or redemption expenses, whether initially borne by the mutual fund or by the asset management company, but including the investment management and advisory fee shall be within the limits stated in Regulations 52 read with SEBI circular no. CIR/IMD/DF/21/2012 dated September 13, 2012. The AMC may charge the investment and advisory fees within the limits of total expenses prescribed under Regulation 52 of the SEBI (Mutual Funds) Regulations.

These estimates have been made in good faith as per the information available to the Investment Manager based on past experience and are subject to change inter-se. Types of expenses charged shall be as per the SEBI (MF) Regulations. However, as per regulation 52 of SEBI (MF) Regulations, Maximum limit of recurring expenses under Regulation 52 are as under:

KIM – SBI Magnum Global Fund Page 7

Assets under management Slab (in Rs Crores) Total expense ratio limits On the first Rs 500 crores of the daily net assets 2.25% On the next Rs 250 crores of the daily net assets 2.00% On the next Rs 1,250 crores of the daily net 1.75% assets On the next Rs 3,000 crores of the daily net 1.60% assets On the next Rs 5,000 crores of the daily net 1.50% assets On the next Rs 40,000 crores of the daily net Total expense ratio reduction of 0.05% for assets every increase of Rs 5000 crores of daily net assets or part thereof. On balance of the assets 1.05% The scheme may charge additional expenses incurred towards different heads mentioned under regulations (2) and (4), not exceeding 0.05% of the daily net assets. Pursuant to SEBI Circular No. SEBI /HO/IMD/DF2/CIR/P/2018/15 dated February 02, 2018, additional expenses under regulation 52 (6A) (c) shall not be levied if the scheme doesn’t have exit load. In addition to expenses as permissible under Regulation 52 (6) (c), the AMC may charge the following additional costs or expenses to the scheme: • The goods & services tax on investment management and advisory fees would be charged in addition to above limit. • Brokerage and transaction costs (including Goods and Services Tax) which are incurred for the purpose of execution of trade and is included in the cost of investment, not exceeding 0.12 per cent in case of cash market transactions and 0.05 percent for derivative market trades. Further, in terms of SEBI circular CIR/IMD/DF/24/2012 dated November 19, 2012, it is clarified that the brokerage and transaction cost incurred for the purpose of execution of trade may be capitalized to the extent of 12bps and 5bps for cash market transactions and derivatives transactions respectively. Any payment towards brokerage and transaction cost, over and above the said 12 bps and 5bps for cash market transactions and derivatives transactions respectively may be charged to the scheme within the maximum limit of Total Expense Ratio (TER) as prescribed under regulation 52 of the SEBI (Mutual Funds) Regulations, 1996. • In terms of Regulation 52 (6A) (b), expenses not exceeding of 0.30 per cent of daily net assets will be charged, if the new inflows from such cities as specified from time to time are at least – i. 30 percent of gross new inflows in the scheme, or; ii. 15 percent of the average assets under management (year to date) of the scheme, whichever is higher:

Provided that if inflows from such cities is less than the higher of sub-clause (i) or subclause (ii), such expenses on daily net assets of the scheme shall be charged on proportionate basis:

Provided further that expenses charged under this clause shall be utilised for distribution expenses incurred for bringing inflows from such cities:

KIM – SBI Magnum Global Fund Page 8

Actual expenses for the previous financial year ending March 31, 2020: Scheme Name Regular Plan Direct Plan SBI Magnum Global Fund 2.15% 1.35%

Waiver of Load for Pursuant to SEBI Circular No. SEBI/IMD/CIR No.4/168230/09 dated June 30, 2009 no entry load shall be Direct Applications charged for all mutual fund schemes. Therefore, the procedure for waiver of load for direct applications is no longer applicable.

Tax treatment for the Investors will be advised to refer to the details in the Statement of Additional Information & also Investors independently refer to their tax advisor. Daily Net Asset Value The NAV will be declared on all business days and shall be computed on daily basis and shall be disclosed (NAV) in the manner as be specified by the SEBI. NAV can also be viewed on www.sbimf.com and Publication www.amfiindia.com Monthly Disclosure of The fund shall disclose the scheme’s portfolio in the prescribed format along with the ISIN as on the last Schemes’ Portfolio day of the month for all the Schemes of SBI Mutual Fund on its website www.sbimf.com within 10 days Statement from the close of the month. The Fund shall also email within the stipulated time frame, the monthly portfolio to the unitholders whose email address is registered with the Fund. Annual Report Scheme wise Annual Report or an abridged summary thereof shall be provided to all unitholders within four months from the date of closure of the relevant accounts year i.e. 31st March each year as follows: 1. The Scheme wise annual report / abridged summary thereof shall be hosted on website of the Fund i.e., www.sbimf.com and on the website of AMFI i.e. www.amfiindia.com. The physical copy of the scheme- wise annual report or abridged summary shall be made available to the unitholders at the registered office of SBI Mutual Fund at all times. 2. The scheme annual report or an abridged summary thereof shall be emailed to those unitholders whose email addresses are registered with the Fund. 3. The AMC shall publish an advertisement on annual basis, in the all India edition of at least two daily newspapers, one each in English and Hindi; disclosing the hosting of the scheme wise annual report on its website viz. www.sbimf.com and on the website of AMFI i.e. www.amfiindia.com and the modes through which a written request can be submitted by the unitholder for obtaining a physical or electronic copy of the scheme-wise annual report or abridged summary. 4. The AMC shall provide physical copy of the abridged summary of the Annual report, without charging any cost, on receipt of a specific request from the unitholder.

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For Investor Grievances please Registrar SBI Mutual Fund Contact Computer Age Management Mr. Rahul Mayor Services Ltd., (Investor Relations Officer) (SEBI Registration No.: INR000002813) SBI Funds Management Pvt. Ltd. Rayala Towers 158, Anna Salai 9th Floor, Crescenzo, Chennai - 600002 C-38 & 39,G Block, Tel No.: (044)28881101/36 Bandra Kurla Complex, Bandra (East), Fax : (044) 30407101 Mumbai – 400 051 Email: [email protected], Tel: 022- 61793537 Website: www.camsonline.com Email: [email protected]

In terms of SEBI Circular No. IR/MRD/DP/31/2014 dated November 12, 2014 on Consolidated Account Statement, investors having Demat account has an option to receive consolidated account statement:

• Investors having MF investments and holding securities in Demat account shall receive a single Consolidated Account Statement (CAS) from the Depository.

• In case an investor has multiple accounts across two depositories, the depository with whom the account has been opened earlier will be the default depository.

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How this scheme is different from the existing schemes of SBI Mutual Fund:

AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) SBI Magnum To provide The scheme is likely • Equity and equity 2,324.01 391,717 Equity ESG investors to have a related Fund with comprehensive check instruments of opportunities list across parameters following Environmental, for long-term from Governance, Social and growth in Social & Governance (ESG) capital Environmental criteria (including through an aspects of the derivatives and active company’s foreign management management of its securities)– 80% - 100% of affairs. The • Other equities investments endeavour would be and equity related in a to follow ‘ESG instruments - 0%- diversified Framework’ in order 20% basket of to delve deeper into a • Units issued by companies company’s REIT/InVIT - 0% - following management 10% Environment practices, culture and • Debt instruments (including al, Social and risk profile which securitized debt) - Governance would thereby help 0% - 20% (ESG) criteria us in understanding • Money Market Instruments - 0% - 20%

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) the impact on long term shareholders.

SBI Equity To provide The scheme will • Equity and equity 29,112.29 1,175,823 Hybrid Fund investors long invest in a diversified related term capital portfolio of equities instruments (including appreciation of high growth derivatives) – 65% along with companies and - 80% the liquidity balance the risk • Units issued by of an open- through investing the REIT/InVIT – 0% to ended rest in fixed income 10% scheme by securities. • Debt instruments investing in a (including mix of debt securitized debt) and money

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) and equity. market The scheme instruments – will invest in a 20% to 35% diversified portfolio of equities of high growth companies and balance the risk through investing the rest in fixed income securities.

SBI Large & To provide The scheme follows a • Equity and equity 2,455.35 356,394 Midcap Fund the investor blend of growth and related with the value style of instruments of large cap opportunity investing. The fund companies of long term will follow a (including capital combination of top derivatives) - 35% appreciation down and bottom-up - 65% by investing approach to stock- • Equity and equity in diversified picking and choose related portfolio companies across instruments of mid cap comprising sectors. The scheme companies predominantl will invest in (including y large cap diversified portfolio of derivatives) – 35% and mid cap large cap and mid cap - 65% companies. stocks. Large Cap: 1st • Other equities -100th company in and equity related terms of full market instruments – 0% - 30% capitalization. Mid • Units issued by Cap:101st to 250th REIT/InVIT – 0%- company in terms of 10% full market • Debt instruments capitalization. The (including exposure to these will securitized debt) be as per – 0% - 30% limits/classification

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) defined by AMFI/SEBI • Money Market from time to time Instruments – 0% - 30% SBI Technology To provide The fund will follow a • Equities and 157.25 29,368 Opportunities the investor bottom-up approach equity related Fund with the to stock-picking and securities in technology and opportunity choose companies technology of long term which are expected to related securities capital derive benefit from (including appreciation development, use and derivatives and by investing advancement of foreign securities) in a technology. These will – 80%-100% diversified predominantly • Other equities and equity related portfolio of include companies in instruments – 0% equity and the following -20% equity industries: • Units issued by related Technology services, REIT/InVIT – 0%- securities in including IT 10% technology management, • Debt instruments and software, Data and IT (including technology Infrastructure securitized debt) – 0% - 20% related services including • Money Market companies. Cloud computing, Instruments – 0%- mobile computing 20% infrastructure Internet technology enabled services including e- commerce, technology platforms, IoT (Internet of Things) and other online services Electronic technology, including computers, computer products, and electronic components

Telecommunications , including

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) networking, wireless, and wireline services, equipment and support; Media and information services, including the distribution of information and content providers IT products, hardware and components like PCs, Laptops, Servers, Chips, Semi- conductors etc.

SBI Healthcare To provide The fund will follow a • Equities and 1,116.48 89,337 Opportunities the investors bottom-up approach equity related Fund with the to stock-picking and securities in opportunity choose companies Healthcare space (including of long term within the healthcare derivatives and capital space. The scheme foreign securities) appreciation will invest in stocks of – 80%-100% by investing companies engaged • Other equities in a in: and equity related diversified instruments – 0%- 20% portfolio of 1. Pharmaceuticals 2. Hospitals • Units issued by equity and 3. Medical REIT/InVIT – 0% - equity Equipment 10% related 4. Healthcare service • Debt instruments securities in providers (including Healthcare 5. Biotechnology securitized debt) space – 0% to 20% • Money Market Instruments – 0% -20% SBI Focused To provide The fund will follow a • Equity and equity 7,978.23 718,854 Equity Fund the investor bottom-up approach related with the to stock-picking and instruments including opportunity invest in companies derivatives – 65% of long term across market - 100% capital capitalization and

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) appreciation sectors. The fund will • Units issued by by investing take high conviction REIT/InVIT – 0% - in a bets and the total 10% concentrated number of securities • Debt instruments (including portfolio of would be equal to or securitized debt) equity and under 30. – 0% - 35% equity • Money Market related Instruments – 0% securities - 35%

SBI Equity to provide The scheme • Equity and equity 44.96 3,433 Minimum long term will invest in related Variance Fund capital companies instruments including appreciation forming a part derivatives – 90% by investing in of Nifty 50 a diversified - 100% Index, basket of • Debt and money weighting the companies in market Nifty 50 Index stocks with the instrument while aiming endeavor to including units of for minimizing minimise the mutual fund - 0% - 10% the portfolio variance of the volatility. portfolio.

SBI Arbitrage To provide Market neutral A) Under normal 4,776.61 15,073 Opportunities capital trading strategy. circumstances, the Fund appreciation Arbitrage anticipated asset and regular opportunities arise allocation would income for due to market be: unitholders inefficiencies. Fund by identifying seeks to exploit such • Equity & Equity related profitable inefficiencies that will instruments – 65 arbitrage manifest as mis - – 85% opportunities pricing in cash (stock) • Derivatives between the and derivative including Index spot and markets. Fund Futures, Stock derivative Manager will lock into futures, Index market such arbitrage options and Stock options – 65% - segments as opportunities seeking 85% also through to generate tax • Debt instrument investment of & Money Market surplus cash Instruments 15% -

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) in debt and efficient risk free 35% (of which money returns. securitized debt market not more than 10% of the instruments Fund will not take naked exposures to investment in stocks i.e. will not debt instruments)

invest in stocks with a view to generate B) When adequate market related arbitrage returns. Exposure to opportunities are stocks will be offset by not available in the simultaneous Derivative and equivalent exposure Equity markets, the in derivatives. anticipated alternate asset SEBI has also vide allocation on circular DNPD/Cir- defensive 29/2005 dated 14th considerations September 2005 would be in permitted Mutual accordance with Funds to participate in the allocation given the derivatives below. However, in market at par with case no arbitrage Foreign Institutional opportunity is Investors (FII). available, then Accordingly, Mutual 100% of the Funds shall be treated remaining at part with a investible corpus registered FII in (to the extent not respect of position deployed in limits in index futures, arbitrage index options, stock opportunities in the options and stock asset allocation futures contracts. pattern mentioned These guidelines have above) will be been further revised deployed in short vide SEBI circular term debt and DNPD/Cir-31/2006 money market dated September instruments with 22nd, 2006. tenure not

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) The scheme would be exceeding 91 days a "pure arbitrage (including fund" and would hold investments in spot market positions securitized debt). only for the purpose of arbitrage • Equities and equity related opportunities and not instruments – 0%- to benefit from any 65% upside potential that • Derivatives the stocks may including Index provide in the present Futures, Stock or in future. In cases Futures, Index where gainful Options and Stock Options - 0% - arbitrage 65% opportunities does • Debt and Money not exist, the scheme market may hold its assets in instruments – 0% debt and money - 100% market instruments till such time reasonable arbitrage opportunities present itself.

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) expiry to realize the arbitrage.

SBI BlueChip To provide The scheme follows a • Equity and equity 19,795.44 2,023,952 Fund investors blend of growth and related with value style of instruments of opportunities investing. The scheme large cap companies* for long-term will follow a (including growth in combination of top Derivatives) – capital down and bottom-up 80% – 100% through an approach to stock- • Other equities active picking and choose and equity related management companies across instruments – 0% -20% of sectors. The scheme • Units issued by investments will predominantly REIT/InVIT – 0% - in a invest in diversified 10% diversified portfolio of large cap • Debt instruments basket of stocks. Large Cap (including large cap Stocks are – 1st - securitized debt) equity stocks 100th company in – 0% -20% (as specified terms of full market • Money Market Instruments – 0% by SEBI/AMFI capitalization. This - 20% will be in line with limits/classification

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) from time to defined by AMFI/SEBI time). from time to time.

SBI Magnum To provide The scheme follows a • Equity and equity 2,944.46 430,961 Midcap Fund investors blend of growth and related with value style of instruments of investing. The fund opportunities midcap will follow a bottom- companies for long-term up approach to stock- (including growth in picking and choose derivatives) – capital along companies across 65%-100% with the sectors. The scheme • Other equities liquidity of an will invest and equity related open-ended predominantly in instruments – 0- diversified portfolio of 35% scheme by mid cap stocks. Mid • Units issued by investing Cap means:101st to REIT/InVIT – 0% - predominantl 250th company in 10% y in a well terms of full market • Debt instruments diversified capitalization. The (including basket of exposure will be as securitized debt) equity stocks per – 0% - 35% limits/classification of Midcap • Money Market defined by AMFI/SEBI Instruments – 0% companies. from time to time. - 35%

SBI Magnum To generate The scheme would at • Equity and equity 207.20 47,469 Comma Fund opportunities all times have an related securities for growth exposure of atleast of commodity and related along with 80% of its companies possibility of investments in stocks (including foreign consistent of companies

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) returns by engaged in the securities)– 80% - investing commodity and 100% predominantl commodity related • Other equities y in a businesses (derived and equity related instruments – 0%- portfolio of from commodities). 20% stocks of The scheme could • Units issued by companies invest in companies REIT/InVIT – 0% - engaged in providing inputs to 10% the commodity • Debt instruments commodity manufacturing (including and companies. securitized debt) – 0% - 20% commodity • Money Market related The scheme will invest in stocks of Instruments – 0% businesses. - 20% companies engaged

in:

1. Oil & Gas (Petrochemicals, Power, and Gas etc.), 2. Metals (Zinc, Copper, Aluminum, Bullion, and Silver etc.), 3. Materials (Paper, jute, cement etc.) Agriculture (Sugar, Edible Oil, Soya, Tea and Tobacco etc.), 4. Textiles 5. Tea & Coffee SBI Magnum To provide The scheme will • Equity and equity 7,920.23 770,041 Multicap Fund investors follow a bottom-up related with approach to stock- instruments opportunities picking and choose (including for long-term companies across derivatives)– 65% growth in sectors/styles. The -100% capital along scheme will invest in • Units issued by with the diversified portfolio of REIT/InVIT – 0% - liquidity of an stocks across market 10% open-ended capitalization. Large • Debt instruments scheme Cap Stocks – 1st - (including through an 100th company in

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) active terms of full market securitized debt) management capitalization. Mid – 0% - 35% of Cap:101st to 250th • Money Market investments company in terms of Instruments – 0% in a full market -35% diversified capitalization. Small basket of Cap: 251st company equity stocks onwards in terms of spanning the full market entire market capitalization. The capitalization exposure across these spectrum and stocks will be in line in debt and with money limits/classification market defined by AMFI/SEBI instruments. from time to time

SBI To provide The scheme will be • Equity and equity 387.20 138,941 Infrastructure investors positioned as a related securities Fund with sectoral fund and not of companies in infrastructure opportunities as a diversified equity sector (including for long-term fund. The scheme will foreign growth in invest in companies securities*) – 80% capital broadly within the - 100% through an following • Other equities active areas/sectors of the and equity related management economy namely – 1. instruments – 0% - 20% of Airports 2. Banks, • Units issued by investments Financial Institutions, REIT/InVIT – 0% - in a Term lending 10% diversified Institutions and • Debt instruments basket of NBFCs 3. Cement & (including equity stocks Cement Products 4. securitized debt) of companies Coal 5. Construction – 0% - 20% directly or 6. Electrical & • Money Market Instruments – 0% indirectly Electronic -20% involved in components 7. the Engineering 8. Energy infrastructure including Coal, Oil & growth in the Gas, Petroleum & Indian Pipelines 9. Industrial economy and Capital Goods &

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) in debt & Products 10. Metals & money Minerals 11. Ports 12. market Power and Power instruments. equipment 13. Road & Railway initiatives 14. Telecommunication 15. Transportation 16. Urban Infrastructure including Housing & Commercial Infrastructure 17. Commercial Vehicles 18. Industrial Manufacturing 19. Logistic Service provider SBI PSU Fund To provide The primary strategy • Equities of PSU 149.31 33,999 investors of the scheme would companies and with be to invest in the their subsidiaries opportunities stocks of the PSU (including derivatives) – 80% for long-term companies and their -100% growth in subsidiaries. The • Other equities capital along scheme may invest in and equity related with the quasi PSUs instruments – 0% liquidity of an /subsidiaries of PSUs: -20% open-ended 1. which could be part • Units issued by scheme of PSU index 2. REIT/InVIT – 0% - 10% through an defined by • Debt instruments active management control (including management or ability to appoint securitized debt) of key managerial – 0% - 20% investments personnel and not • Money Market in a necessarily by equity Instruments – 0% diversified stake of 51% (but - 20%

basket of minimum PSU/ equity stocks Central govt / state of domestic govt stake of 35% and Public Sector highest among others Undertakings is required).The (and their scheme would

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) subsidiaries) endeavor to identify and in debt market opportunities and money and at the same time market would sufficiently instruments diversify its equity issued by portfolio and control PSUs and liquidity risks and others. non-systematic risks by selecting well researched stocks which have growth prospects on a long and mid-term basis in order to provide stability and possibility of returns in the scheme Investment in equities would be done through primary as well as secondary market, private placement / QIP, preferential/firm allotments or any other mode as may be prescribed/ available from time to time.

SBI Small Cap To provide The scheme follows a • Equity and equity 3,290.53 764,851 Fund investors blend of growth and related with value style of instruments of small cap opportunities investing. The scheme companies for long-term will follow a bottom- (including growth in up approach to stock- derivatives) – 65% capital along picking and choose - 100% with the companies within the • Other equities liquidity of an small cap space. Small and equity related open-ended Cap means: 251st instruments – 0% - 35% scheme by company onwards in investing terms of full market

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) predominantl capitalization. The • Units issued by y in a well- exposure will be as REIT/InVIT – 0% - diversified per 10% basket of limits/classification • Debt instruments (including equity stocks defined by AMFI/SEBI securitized debt) of small cap from time to time – 0% - 35% companies. • Money Market Instruments – 0% - 35% SBI Banking The The Scheme aims to • Equity and equity 1,267.96 208,459 and Financial investment maximize long-term related securities Services objective of capital appreciation of companies engaged in Fund the scheme is by investing primarily banking & to generate in equity and equity financial services - long-term related securities of 80% - 100% capital companies engaged in • Other equities appreciation Banking and Financial and equity related to unit services. The portfolio instruments – 0% holders from manager will adopt an - 20% a portfolio active management • Units issued by REIT/InVIT – 0% - that is style to optimize 10% invested returns. The scheme • Debt instruments predominantl would invest in Banks (including y in equity as well as Non- securitized debt) and equity banking Financial – 0% - 20% related Services companies, • Money Market securities of Insurance companies, Instruments – 0% - 20% companies Rating agencies, engaged in Broking companies, banking and Microfinance financial companies, Housing services. Finance, Wealth Management, Stock/ However, commodities there can be exchange etc. no assurance that the Financial services investment companies are firms objective of that are engaged in the Scheme providing non- banking financial

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) will be services to customers. realized. The classification of Financial service companies will be largely guided by AMFI sector classification. The indicative list of industry under financial services includes:

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) arbitrage Scheme invests rest derivatives - opportunities of the assets into 65% - 90% in the cash debt and money and market instruments Out of which: derivatives for liquidity and - Cash future arbitrage: 15%- segment of regular income. The 70%; the equity expected returns - Net long equity market, and from this Scheme can exposure: 20%- capital be attributed to the 50% appreciation following return through a drivers: • Debt and moderate ■ Cash and Futures Money Market exposure in Equity Arbitrage: The Instruments (including equity. scheme endeavors to margin for achieve its primary However, derivatives) – objective of 10% - 35% there is no generating income • Units issued by guarantee or by exploitation of REITs & InvITs – assurance arbitrage 0% - 10% that the opportunities in investment equities market. B) Asset Allocation when adequate objective of ■ Net Long Equity: arbitrage the scheme The Scheme may will be opportunities take limited long only are not available achieved. exposures to equity in the Derivative stocks in order to and Equity generate market markets, related returns. The alternate asset ■ Debt and Money allocation on Market Instruments: defensive The Scheme may considerations invest upto 35% of would be in as per the net assets of the the allocation given Scheme into debt below: and money market instruments. This • Equity and portion of the Equity related scheme assets is Instruments discretionary to including provide liquidity into derivatives - 30% - 70%

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) the scheme, management of derivative margins Out of which: and accrual of regular income. - Cash future arbitrage: 0%- 45%; - Net long equity exposure: 20%- 50% • Debt and Money Market Instruments (including margin for derivatives) – 30% - 70% • Units issued by REITs & InvITs – 0% - 10% SBI Nifty The scheme The scheme will adopt Stocks comprising 793.05 34,955 Index Fund will adopt a a passive investment the Nifty 50 Index – passive strategy. The scheme 95% - 100% investment will invest in stocks strategy. The comprising the Nifty Cash and Money Market Instruments scheme will 50 index in the same – 0% - 5% invest in proportion as in the stocks index with the comprising objective of achieving the Nifty 50 returns equivalent to index in the the Total Returns same Index of Nifty 50 index proportion as by minimizing the in the index performance with the difference between objective of the benchmark index achieving and the scheme. The returns Total Returns Index is equivalent to an index that reflects the Total the returns on the Returns Index index from index

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) of Nifty 50 gain/ loss plus index by dividend payments by minimizing the constituent the stocks. performance The scheme will difference between the primarily invest in the benchmark securities constituting the underlying index. index and the scheme. The However, due to Total Returns changes in underlying index the scheme may Index is an index that temporarily hold reflects the securities which are not part of the index. returns on the index For example, the from index portfolio may hold securities not gain/ loss plus dividend included in the payments by respective underlying index as result of the constituent certain changes in the stocks. underlying index such as such as reconstitution, addition, deletion etc. The fund manager’s endeavour would be to rebalance the portfolio in order to mirror the index; however, there may be a short period where the constituents of the portfolio may differ from that of the underlying index.

These investments which fall outside the

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) underlying index as mentioned above shall be rebalanced within a period of 30 days.

SBI Contra To provide The fund will follow a • Equity and equity 1,043.94 249,503 Fund the investor combination of top- related with the down and bottom-up instruments of companies which opportunity approach to stock- follow the of long term picking and choose contrarian capital companies within the investment appreciation contrarian investment theme (including by investing theme. derivatives) – in a 65%-100% diversified • Other equities and equity related portfolio of instruments – 0%- equity and 35% equity • Units issued by related REIT/InVIT – 0%- securities 10% following a • Debt instruments contrarian (including investment securitized debt) – 0%-35% strategy. • Money Market Instruments – 0% - 35% The prime Fund will be investing 6,219.14 1,188,643 objective of in equity & equity Equities, SBI Long Term scheme is to related instruments Cumulative Equity Fund deliver the as also debt Convertible (previously benefit of instruments, and Preference Shares, known as SBI investment in money market and Fully Magnum a portfolio of instruments (such as Convertible Taxgain equity shares, money market, Debentures (FCDs) Scheme) while offering term/notice money & Bonds – 80 -100% deduction on market, repos,

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) such reverse repos and any Money Market investment alternative to the call Instruments – 0% - made in the money market as may 20% scheme be directed by the under section RBI). Investment shall 80C of the also be made in Partly Income-tax Convertible Act, 1961. It Debentures (PCDs) also seeks to and bonds including distribute those issued on rights income basis subject to the periodically condition that as far depending on as possible the non- distributable convertible portion of surplus. the debentures so Investments acquired or in this subscribed shall be scheme divested within a would be period of 12 months. subject to a The balance funds statutory shall be invested in lock-in of 3 short term money years from market instruments the date of or other liquid allotment to instruments or both. avail Section In line with CBDT 80C benefits. guidelines, the Fund will invest at least 80% of the net assets in equity and equity related instruments. SBI To provide The fund will follow a • Equities and 526.55 72,000 Consumption the investor bottom-up approach equity related Opportunities with the to stock-picking and securities in Fund opportunity choose companies Consumption of long term sector (including within the capital derivatives and appreciation Consumption space. foreign securities) by investing The scheme will invest – 80%-100% in a in stocks of • Other equities diversified companies engaged and equity related portfolio of in: instruments – 0%- equity and 20% equity 1. Consumer • Units issued by related durables REIT/InVIT – 0% - securities in 10%

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) Consumption 2. Consumer non- • Debt instruments space. durables (including 3. Retail securitized debt) 4. Textiles – 0% -20% 5. Auto OEM’s Money Market 6. Media & Instruments – 0% - entertainment 20% 7. Hotels, resorts & travel services. 8. Education services 9. Airlines 10. E-commerce Consumer transportation & logistics services.

Please refer to Common Equity KIM for guidelines, application forms and terms & conditions (including SIP, STP, SWP, Trigger, etc.)

Date: May 14, 2020

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Asset Management Company: SBI Funds Management Pvt. Ltd. (A Joint Venture between State Bank of India & AMUNDI)

KEY INFORMATION MEMORANDUM

An open ended medium-term debt scheme investing in instruments such that the Macaulay Duration of the portfolio is between 3 years and 4 years (Please refer to the page no. 2 for details on Macaulay’s Duration.)

Product labelling

This product is suitable for investors who are seeking*: Riskometer

• Regular income for medium term • Investment in Debt and Money Market securities.

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Continuous offer of Units at NAV related prices on ongoing basis

This Key Information Memorandum (KIM) sets forth the information, which a prospective investor ought to know before investing. For further details of the Scheme/Mutual Fund, due diligence certificate by the AMC, Key Personnel, investors’ rights & services, risk factors, penalties & pending litigations etc. Investors should, before investment, refer to the Scheme Information Document and Statement of Additional Information available free of cost at any of the SBIFMPL branches or distributors or from the website www.sbimf.com.

KIM- SBI Magnum Medium Duration Fund Page 1

Name of the SBI Magnum Medium Duration Fund Scheme Type of Scheme An open ended medium-term debt scheme investing in instruments such that the Macaulay Duration of the portfolio is between 3 years and 4 years

Investment The investment objective is to provide investors an opportunity to generate attractive returns Objective with moderate degree of liquidity through investments in debt and money market instruments such that the Macaulay duration of the portfolio is between 3 years – 4 years.

However, there is no guarantee or assurance that the investment objective of the scheme will be achieved. The scheme doesn’t assure or guarantee any returns.

Asset Allocation The funds collected under the scheme shall generally be invested consistent with the objective Pattern of the scheme in the following manner:

Asset Allocation Risk Profile

Instruments Min Max

Debt instruments (including Central and State 0% 100% Low to Government(s) securities, debt derivatives) and Medium Money Market instruments Units issued by REITs and InVITs^ 0% 10% Medium to High

^The exposure will be in line with SEBI/AMFI limits specified from time to time The Scheme may invest in ADR/GDR/Foreign securities upto 25% of the net assets of the scheme The Scheme may invest in Repo in Corporate Debt as permitted by SEBI The Scheme may invest in debt derivatives upto 50% of the net assets of the scheme The Scheme shall invest in securitized debt upto 20% of the net assets of the scheme The Scheme may invest in Mutual Fund units as permissible As per SEBI circular SEBI/HO/IMD/DF2/CIR/ P/2017/109 dated September 27, 2017, the Scheme may indulge in ‘Imperfect hedging’ using IRFs upto maximum of 20% of the net assets of the scheme.

For details, please refer Scheme Information Document Investment Strategy The scheme will invest its corpus in the entire range of debt and money market securities in line with the investment objective to provide attractive risk-adjusted returns to its investors through active management of credit risk and interest rate risk in its portfolio.

The scheme is an open-ended medium-term debt scheme investing in instruments such that the Macaulay Duration of the portfolio is between 3 years and 4 years

CONCEPT OF MACAULAY DURATION: The Macaulay duration measures the weighted average term to maturity of the bond’s cash flow. The weights in this weighted average are the present value of each cash flow as a percent of the present value of all the bond’s cash flows.

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Macaulay’s Duration is linked to the price volatility of a bond. Duration is the fund manager’s tool for structuring a portfolio of bonds to have the desired sensitivity.

Illustration

Macaulay Duration is a measure of the average life of a security. More specifically, it is the weighted average term-to-maturity of the security's cash flows. Mathematically, it is:

t1 x PVCF1 + t2 x PVCF2+ t3 x PVCF3 +.... + tn x PVCFt Duration = k x PVTCF where

PVCFt = the present value of the cash flow in period t discounted at the yield-to-maturity. PVTCF = the total present value of the cash flow of the security determined by the yield- to-maturity, or simply the price of the security.

K = number of payments per year.

The following is an example of Duration:

Coupon rate: 8% Term: 5 Years Yield to Maturity 8% Price 100 Period Cash Flow PVCF t x PVCFt 1 4.00 3.85 3.85 2 4.00 3.70 7.40 3 4.00 3.56 10.67 4 4.00 3.42 13.68 5 4.00 3.29 16.44 6 4.00 3.16 18.97 7 4.00 3.04 21.28 8 4.00 2.92 23.28 9 4.00 2.81 25.29 10 104.00 70.26 702.59 Total 100.0 843.53

The Macaulay Duration of the portfolio is 843.5331/ (2*100) = 4.2177

Risk Profile of the Mutual Fund Units involve investment risks including the possible loss of principal. Please read Scheme the SID carefully for details on risk factors before investment. Scheme specific risk factors are summarized below: SBI Magnum Medium Duration Fund will be investing in debt instruments (including Securitized debt), Government Securities, money market instruments, and units issued by REITs and InVITs. The liquidity of the scheme’s investments is inherently restricted by trading volumes and settlement. In view of the same; the Trustees may limit redemptions (including suspending redemptions) under certain circumstances as specified in the Scheme Information

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Document.In the event of an inordinately large number of redemption requests, or of a restructuring of the scheme’s investment portfolio, these periods may become significant.

The Scheme is subjected to risk factors associated with investments in debt and money market instrument, Government securities, Repo in Corporate Debt securities , derivatives, securitized debt, ADR/GDR/Foreign Securities and segregated portfolio. Besides, the scheme is also subjected to risk associated with REITs and InvITs, Currency Risk, , Credit Risk, imperfect hedge using interest rate futures associated with securities as detailed in the SID. Risk Control Investments in various securities/instruments carry various risks such as inability to sell securities, trading volumes and settlement periods, interest rate risk, liquidity risk, default risk, reinvestment risk etc. Whilst such risks cannot be eliminated, they may be mitigated by diversification and hedging.

To mitigate the various risks, the portfolio of the Scheme will be constructed in accordance with the investment restriction specified under the Regulations which would help in mitigating certain risks relating to investments in securities market.

For risk control, the following may be noted:

Liquidity risks:

The liquidity of the Scheme’s investments may be inherently restricted by trading volumes, transfer procedures and settlement periods. Liquidity Risk can be partly mitigated by diversification, staggering of maturities as well as internal risk controls that lean towards purchase of liquid securities.

Interest Rate Risk:

Changes in interest rates affect the prices of bonds. If interest rates rise the prices of bonds fall and vice versa. A well-diversified portfolio may help to mitigate this risk.

Credit Risks

Credit risk shall be mitigated by investing in rated papers of the companies having the sound back ground, strong fundamentals, and quality of management and financial strength of the Company.

Volatility risks:

There is the risk of volatility in markets due to external factors like liquidity flows, changes in the business environment, economic policy etc. The scheme will manage volatility risk through diversification.

Risks Mitigants for Investment in REITs AND InvITs:

The Investment Manager endeavours to invest in REITs/InvITs, where adequate due diligence and research has been performed by the Investment Manager. The Investment Manager also relies on their own research as well as third party research. This involves one-to-one meetings with the managements, attending conferences and analyst meets and also tele-conferences. The analysis will focus, amongst others, on the predictability and strength of cash flows, value

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of assets, capital structure, business prospects, policy environment, strength of management, responsiveness to business conditions, etc.

Plans /Options The scheme would have two plans viz. Direct Plan & Regular Plan.

Direct Plan:

Eligible investors: All categories of investors as permitted under the Scheme Information Document of the Scheme are eligible to subscribe under Direct Plan.

Modes for applying: Investments under Direct Plan can be made through various modes offered by the Mutual Fund for investing directly with the Mutual Fund

Regular Plan This Plan is for investors who wish to route their investment through any distributor.

In case of Regular and Direct plan the default plan under following scenarios will be::

Broker Code mentioned Plan mentioned by the Default Plan to be Scenario by the investor investor captured

1 Not mentioned Not mentioned Direct Plan

2 Not mentioned Direct Direct Plan

3 Not mentioned Regular Direct Plan

4 Mentioned Direct Direct Plan

5 Direct Not Mentioned Direct Plan

6 Direct Regular Direct Plan

7 Mentioned Regular Regular Plan

8 Mentioned Not Mentioned Regular Plan

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Minimum Purchase: Rs. 5000/- and in multiples of Re. 1 thereafter Investment Additional Purchase: Rs. 1000/- and in multiples of Re. 1 thereafter Amount/Number of Repurchase: Rs. 500/- or 1 Unit or account balance whichever is lower. Please note that as a Units result of redemption, if the outstanding balance amount falls below the minimum redemption amount as per the scheme features, SBIMF reserves the right to redeem the balance units at applicable repurchase price. AUM & Number of AUM: Rs. 6,920.69 Crores Folios of the No. of Folios: 95,273 Scheme as on December 31, 2020

Despatch of Within 10 business days of the receipt of the repurchase (redemption) request at the Repurchase authorized Point of Acceptance of SBI Mutual Fund. (Redemption) request Benchmark Index NIFTY Medium Duration Debt Index

Dividend Policy Dividend declaration under the dividend option of the scheme is subject to the availability of distributable surplus and recommendation of the AMC, subject to approval of the trustees and no returns are assured under the schemes. Fund Manager Mr. Dinesh Ahuja; Mr. Mohit Jain is the dedicated fund manager for overseas investments Fund Manager - Mr. Dinesh Ahuja - 9.5 Years; Managing since July 2011 Tenure of Managing Mr. Mohit Jain – 3.2 years; Managing since November 2017 the scheme

Trustee Company SBI Mutual Fund Trustee Company Private Limited

Segregation of Creation of segregated portfolio shall be subject to following guidelines specified by SEBI as Portfolio per circular no. SEBI/HO/IMD/DF2/CIR/ P/2018/160 dated December 28, 2018 and circular no. SEBI/HO/IMD/DF2/CIR/P/2019/127 dated November 07, 2019.

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Performance of the Performance of the scheme (As on Since 1 year 3 years 5 years scheme December 31, 2020) Inception

SBI Magnum Medium Duration Fund - Regular Plan-Growth 12.23 9.78 10.19 8.30

Benchmark: - NIFTY Medium Duration Debt Index 12.90 9.57 9.04 7.77

Inception Date: 12th Nov 2003

Financial Year Wise Returns 14

10 8 6

Returns (%) 4

0 2015-16 2016-17 2017-18 2018-19 2019-20

Financial Year

SBI Magnum Medium Duration Fund NIFTY Medium Duration Debt Index

Scheme’s Portfolio Fund Allocation towards Various Sectors Holdings (December Sector Name % of Net Asset 31, 2020) FINANCIAL SERVICES 31.65

SOVEREIGN 26.59

POWER 12.49

CONSTRUCTION 8.52

SERVICES 3.13

TELECOM 1.84

AUTOMOBILE 0.40

Top 10 Holdings Issuer Name % of Net Asset

GOVERNMENT OF INDIA 25.43

STATE BANK OF INDIA 6.97

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TATA REALTY AND INFRASTRUCTURE LTD. 4.55

PUNJAB NATIONAL BANK 3.87

MUTHOOT FINANCE LTD. 3.71

LATUR RENEWABLE PVT. LTD. 3.59

INDIA GRID TRUST 3.42

MAHINDRA RURAL HOUSING FINANCE LTD. 2.97 COASTAL GUJARAT POWER LTD. (GUARANTEED BY TATA POWER LIMITED) 2.85

AADHAR HOUSING FINANCE LTD. 2.57

Portfolio Turnover N.A. Ratio

Website link to https://www.sbimf.com/en-us/portfolios obtain scheme’s latest monthly portfolio holdings

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Expenses of the scheme (i) Load Structure Entry Load: Not applicable • Exit Load: For exit within 12 months from the date of allotment: - For 8% of investment - Nil - For remaining investments - 1.50%;

For exit after 12 months from the date of allotment - Nil.

The AMC reserves the right to modify / change the load structure on a prospective basis. (ii) Recurring expenses The AMC has estimated that upto 2.00% (plus allowed under regulation 52(6A) of the daily net asset will be charged to the scheme as expenses. The maximum annual recurring expenses that can be charged to the Scheme, excluding issue or redemption expenses, whether initially borne by the mutual fund or by the asset management company, but including the investment management and advisory fee shall be within the limits stated in Regulations 52 read with SEBI circular no. CIR/IMD/DF/21/2012 dated September 13, 2012. The AMC may charge the investment and advisory fees within the limits of total expenses prescribed under Regulation 52 of the SEBI (Mutual Funds) Regulations.

Pursuant to SEBI Circular No. SEBI /HO/IMD/DF2/CIR/P/2018/15 dated February 02, 2018, additional expenses under regulation 52 (6A) (c) shall not be levied if the scheme doesn’t have exit load.

These estimates have been made in good faith as per the information available to the Investment Manager based on past experience and are subject to change inter-se. Types of expenses charged shall be as per the SEBI (MF) Regulations. Pursuant to SEBI Notification dated December 13, 2018, the maximum total expenses of the scheme under Regulation 52(6)(c) shall be subject to following limits Assets under management (in Rs Crores) Total expense ratio limits On the first Rs.500 crores of the daily net assets 2.00% On the next Rs.250 crores of the daily net assets 1.75% On the next Rs.1,250 crores of the daily net assets 1.50% On the next Rs.3,000 crores of the daily net assets 1.35% On the next Rs.5,000 crores of the daily net assets 1.25% On the next Rs.40,000 crores of the daily net Total expense ratio reduction of assets 0.05% for every increase of Rs.5,000 crores of daily net assets or part thereof. On balance of the assets 0.80%

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2. Brokerage and transaction costs which are incurred for the purpose of execution of trade and is included in the cost of investment, not exceeding 0.12 per cent in case of cash market transactions and 0.05 percent for derivative transaction. Further, In terms of SEBI circular CIR/IMD/DF/24/2012 dated November 19, 2012, It is clarified that the brokerage and transaction cost incurred for the purpose of execution of trade may be capitalized to the extent of 12bps and 5bps for cash market transactions and derivatives transactions respectively. Any payment towards brokerage and transaction cost, over and above the said 12 bps and 5bps for cash market transactions and derivatives transactions respectively may be charged to the scheme within the maximum limit of Total Expense Ratio (TER) as prescribed under regulation 52 of the SEBI (Mutual Funds) Regulations, 1996. Goods & service tax on brokerage and transaction cost paid for execution of trade, if any, shall be within the limit prescribed under regulation 52 of the Regulations. 3. In terms of Regulation 52 (6A) (b), expenses not exceeding of 0.30 per cent of daily net assets will be charged, if the new inflows from such cities as specified from time to time are at least – (i) 30 percent of gross new inflows in the scheme, or; (ii) 15 percent of the average assets under management (year to date) of the scheme, whichever is higher: Provided that if inflows from such cities is less than the higher of sub-clause (i) or sub- clause (ii), such expenses on daily net assets of the scheme shall be charged on proportionate basis: Provided further that expenses charged under this clause shall be utilised for distribution expenses incurred for bringing inflows from such cities: Provided further that amount incurred as expense on account of inflows from such cities shall be credited back to the scheme in case the said inflows are redeemed within a period of one year from the date of investment. 4. Further, GST on expenses other than investment and advisory fees shall be borne by the Scheme within the maximum limit of annual recurring expenses as prescribed in Regulation 52.

Actual expenses for the previous financial year ended 31st March, 2020

Scheme Name Regular Plan Direct Plan SBI Magnum Medium Duration 1.12% 0.75% Fund

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Tax treatment for Investors will be advised to refer to the details in the Statement of Additional Information & the Investors also independently refer to their tax advisor.

Daily Net Asset NAV of the Scheme shall be computed and declared on every business day and shall be Value (NAV) disclosed in the manner as may be specified by SEBI. NAV can be viewed on www.sbimf.com Publication and www.amfiindia.com Monthly/Fortnightly The Fund shall disclose the scheme’s portfolio (along with the ISIN) in the prescribed format Disclosure of as on the last day of the month for all the Schemes of SBI Mutual Fund on its website i.e. Schemes’ Portfolio www.sbimf.com and on the AMFI’s website i.e. www.amfiindia.com within 10 days from the Statement close of the month. Further, the Statement of Scheme portfolio shall be emailed to those unitholders whose email addresses are registered with the Fund within the above prescribed timeline. Further, the AMC shall provide physical copy of the statement of scheme portfolio, without charging any cost, on receipt of a specific request from the unitholder. Pursuant to SEBI Circular no. SEBI/HO/IMD/DF3/CIR/P/2020/130 dated July 22, 2020, the fund shall also disclose the scheme’s portfolio in the prescribed format along with the ISIN on fortnightly basis within 5 days of every fortnight on its website www.sbimf.com Prudential limits on The Fund shall ensure that total exposure of the Scheme, in a particular sector (excluding portfolio investments in Bank CDs, Triparty Repo, G-Secs, TBills, short term deposits of scheduled concentration commercial banks and AAA rated securities issued by Public Financial Institutions and Public- Sector Banks) shall not exceed 20% of the net assets of the scheme;

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4. The AMC shall provide physical copy of the abridged summary of the Annual report, without charging any cost, on receipt of a specific request from the unitholder. For Investor Grievances, please Registrar SBI Mutual Fund Contact Computer Age Management Mr. C.A.Santosh Services Ltd., (Investor Relations Officer) (SEBI Registration No.: INR000002813) SBI Funds Management Pvt. Ltd. Rayala Towers 158, Anna Salai 9th Floor, Crescenzo, Chennai - 600002 C-38 & 39, G Block, Tel No.: (044) 28881101/36 Bandra Kurla Complex, Bandra (East), Fax: (044) 30407101 Mumbai – 400 051 Email: [email protected], Tel: 022- 61793537 Website: www.camsonline.com Email: [email protected]

Unit holders’ Pursuant to Regulation 36 of the SEBI Regulation, the following shall be applicable with respect Information to account statement: The asset management company shall ensure that consolidated account statement for each calendar month is issued, on or before tenth day of succeeding month, detailing all the transactions and holding at the end of the month including transaction charges paid to the distributor, across all schemes of all mutual funds, to all the investors in whose folios transaction has taken place during that month:

In terms of SEBI Circular No. IR/MRD/DP/31/2014 dated November 12, 2014 on Consolidated Account Statement, investors having Demat account has an option to receive consolidated account statement:

• Investors having MF investments and holding securities in Demat account shall receive a single Consolidated Account Statement (CAS) from the Depository.

• If there is any transaction in any of the Demat accounts of the investor or in any of his mutual fund folios, depositories shall send the CAS within ten days from the month end. In case, there

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is no transaction in any of the mutual fund folios and demat accounts then CAS with holding details shall be sent to the investor on half yearly basis.

• In case an investor has multiple accounts across two depositories, the depository with whom the account has been opened earlier will be the default depository.

The half yearly portfolio of scheme (along with the ISIN) shall be disclosed within 10 days from close of each half year on the Website of the Mutual Fund (www.sbimf.com) and on the Website of AMFI (www.amfiindia.com). Also, the Fund shall email the half yearly portfolio to the unitholders whose email address is registered with the Fund within 10 days from close of each half year. The AMC shall publish an advertisement in all India edition of at least two daily newspapers, one each in English and Hindi, every half year disclosing the hosting of the half- yearly statement of the schemes portfolio on the Website of the Mutual Fund and on the Website of AMFI and shall also specify the modes through which a written request can be submitted by the unitholder for obtaining a copy of the statement of scheme portfolio. Further, before expiry of one month from the close of each half year i.e. on March 31 or September 30, the Fund shall host a soft copy of half – yearly unaudited financial results on the website of the Fund and that of AMFI. A notice shall be published disclosing the hosting of such financial results on the website of the mutual fund, in atleast one English daily newspaper having nationwide circulation and in a newspaper having wide circulation published in the language of the region where the Head Office of the mutual fund is situated.

Note - For further details of the Scheme, investors are requested to refer Scheme Information Document

How this scheme is different from the existing schemes of SBI Mutual Fund:

AUM (Rs in Folio Scheme Investment crores) (as on (as on Asset Allocation Name objectives Investment Strategy December 31, December 31, 2020) 2020) SBI Debt To provide the Investments under the fund will • Equity and Equity 1,013.12 26772 Hybrid investors an be a mix of debt, equity & related Instruments Fund opportunity to money market instruments. (including derivatives) - 10% - 25%; invest primarily in Debt instruments will be • Debt instruments Debt and Money invested based on evaluation of (including debt market macro-economic factors, derivatives) and instruments and market dynamics and issuer Money Market secondarily in specific factors. Maximum instruments (including equity and equity exposure to equities is capped TRIPARTY REPO, related at 25% in this scheme. Reverse repo and instruments. equivalent) - 75% 90%; • Units issued by REITs and InVITs – 0% - 10%.

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AUM (Rs in Folio Scheme Investment crores) (as on (as on Asset Allocation Name objectives Investment Strategy December 31, December 31, 2020) 2020) SBI To provide the The scheme aims to generate • Debt (including 3,670.30 48987 Credit investors an attractive returns through high- securitized debt) and Risk Fund opportunity to yielding corporate debt Money Market securities which are rated predominantly Instruments -upto below the highest rating. The 100% invest in corporate fund will follow an active credit • ADR/GDR/Foreign bonds rated AA or management strategy. Securities – 0% - 25% below (excluding Performance will depend on • Units issued by REITs AA+ rated the Asset Management and InVITs – 0% - 10% corporate bonds) Company’s ability to accurately so as to generate assess the financial position of the security issuers regarding attractive returns paying off its debt. The while maintaining investments may be made in moderate liquidity primary as well as secondary in the portfolio markets. The portfolio will be through sufficiently diversified to investment in minimize credit risk. The money market Scheme being open-ended, some portion of the portfolio securities. will be invested in money market instruments so as to

meet the liquidity requirements. SBI Multi To provide the Investments under the fund will • Equity and 224.43 11640 Asset investors an be predominantly in a mix of Equity related Allocatio opportunity to debt & debt related Instruments instruments, equity n Fund invest in an actively (including & equity related instruments, & managed portfolio gold & gold related instruments derivatives and of multiple asset including domestic and Equity ETFs*) - classes. overseas 10 %-80%; ETFs, units of REITs and InvITs • Debt and such other asset classes as instruments SEBI may prescribe from time (including to time. Debt instruments will be Central and invested based on evaluation of State macro-economic factors, Government market dynamics securities, debt and issuer specific factors. derivatives and debt ETFs*) and Money market instruments – 10% - 80% • Gold related instruments^^/G old ETFs – 10% - 80%

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AUM (Rs in Folio Scheme Investment crores) (as on (as on Asset Allocation Name objectives Investment Strategy December 31, December 31, 2020) 2020) *including domestic and overseas ETFs

Units of REITs and InvITs and such other asset classes as SEBI may prescribe from time to time. 0%-10%

• ^^ As defined in SEBI (Mutual Funds) Regulation, 1996 and circulars issued from time to time and in terms of SEBI circular no. SEBI/HO/IMD/DF2/CIR /P/2019/65 dated May 21, 2019, the Scheme may participate in ETCDs having gold as the Underlying and hence may hold the underlying gold in case of physical settlement of contracts, in that case the mutual fund scheme shall dispose of gold from the books of the scheme, at the earliest, not exceeding 30 days from the date of holding of the physical gold. SBI To provide the An open-ended debt scheme • Money market 22,089.86 209255 Savings investors an investing in money market instruments including Fund opportunity to instruments as defined by CPs, CDs, Commercial Bills, T-Bills, invest in money SEBI / RBI from time to time. Government securities market instruments The investment strategy having an unexpired would be towards generating maturity up to one stable returns through a year, call or notice portfolio of Money Market money, Usance bills, instruments seeking to and Non-Convertible capture the term and credit Debentures (NCDs) of original or initial spreads maturity up to one year – 0% - 100%

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AUM (Rs in Folio Scheme Investment crores) (as on (as on Asset Allocation Name objectives Investment Strategy December 31, December 31, 2020) 2020) SBI To provide The scheme will invest its • Debt instruments 16,336.89 72707 Magnum investors an corpus in the entire range of (including Central and Low opportunity to debt and money market State Government(s) Duration generate regular securities in line with the securities, Debt derivatives), and Fund income with investment objective to Money Market reasonable degree provide attractive risk- instruments – 0% - of liquidity adjusted returns to its 100% through investors through active investments in management of credit risk debt and money and interest rate risk in its market portfolio. instruments in such a manner that the Macaulay duration of the portfolio is between 6 months and 12 months

SBI Liquid To provide the The scheme will invest in the • Debt instruments 45,215.15 68345 Fund investors an entire range of debt and (including Debt opportunity to money market instruments derivatives) and invest in the entire in line with the investment Money Market instruments with a range of debt and objective to provide residual maturity upto money market attractive risk-adjusted 91 Days only – 0% - securities with returns to its investors while 100% residual maturity maintaining a high degree of • Securitized Debt with upto 91 days only liquidity to the investments. a residual maturity upto 91 Days only – 0% -20% SBI Short To provide The scheme will invest based • Debt instruments 23,370.29 89277 Term investors an on a continuous evaluation (including Central and Debt opportunity to of macro-economic factors, State Government(s) Fund generate regular market dynamics and debt- securities, debt derivatives) and income through issuer specific factors. The Money Market investments in a scheme will invest its corpus instruments – 65% - portfolio in the entire range of debt 100%; comprising and money market securities • Securitized Debt – 0% predominantly of in line with the investment - 35%. debt instruments objective to provide which are rated attractive risk-adjusted not below returns to its investors investment grade through active management and money market of credit risk and interest instruments such rate risk in its portfolio. that the Macaulay

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AUM (Rs in Folio Scheme Investment crores) (as on (as on Asset Allocation Name objectives Investment Strategy December 31, December 31, 2020) 2020) duration of the portfolio is between 1 year and 3 years

SBI To provide returns Investment in Central and/or • Central and State 4,398.67 35695 Magnu to the investors State Government securities Government securities, m Gilt generated through are considered to be free of T-Bills – 80% - 100%; Fund investments in credit risk. However the aim • TRIPARTY REPO, Repo and Cash – 0% - 20%; Government of the portfolio will be to

securities issued by make capital gains by actively the Central managing interest rate risk. Government and/or State Government(s).

SBI To provide returns Investment in Central and/or • Central Government 852.60 27541 Magnu to the investors State Government securities and State Government m generated through are free of credit risk. securities, T-Bills – 80% - 100% Consta investments However, the aim of the • TRIPARTY REPO, Repo nt predominantly in portfolio will be to make and Cash – 0% - 20% Maturit Government capital gains by actively y Fund securities issued by managing interest rate risk. the Central Government and/or State Government such that the Average Maturity of the portfolio is around 10 years.

SBI To provide An open ended ultra-short • Debt instruments 14,315.62 41376 Magnum investors with an duration debt scheme (including Central and Ultra opportunity to investing in instruments such State Government(s) Short generate regular that the Macaulay duration securities, Debt derivatives) and Duration income with high of Portfolio is between 3 Money Market Fund degree of liquidity months and 6 months. The instruments - 0% - through scheme will invest its corpus 100% investments in a in the entire range of debt portfolio and money market securities comprising in line with the investment predominantly of objective to provide debt and money attractive risk-adjusted market instruments returns to its investors through active management

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AUM (Rs in Folio Scheme Investment crores) (as on (as on Asset Allocation Name objectives Investment Strategy December 31, December 31, 2020) 2020) of credit risk and interest rate risk in its portfolio.

SBI To provide the The proportion of the • Equities or equity 73.48 9499 Magnum investors an scheme portfolio invested in related instruments Children’ opportunity to earn each type of security will (including derivatives) – 0% - 25% s Benefit regular income vary in accordance with • Debt instruments Fund – predominantly economic conditions, (including Central and Savings through investment interest rates, liquidity and State Government(s) Plan in debt and money other relevant securities) and Money market instruments considerations, including the market instruments and capital risks associated with each (including TRIPARTY appreciation investment. The scheme REPO, Reverse repo and equivalent) – 75% through an actively intends to invest upto 25% - 100% managed equity of the corpus in equity and • Securitized Debt – 0% portfolio equity related instruments - 10% • Units issued by REITs & InvITs – 0% -10% SBI To provide The scheme will invest based • Debt instruments 1,765.87 27558 Magnu investors an on a continuous evaluation (including Central and m opportunity to of macro-economic factors, State Government Income generate regular market dynamics and debt- securities, debt Fund income through issuer specific factors. The derivatives) and Money investments in scheme will invest its corpus Market instruments – 0% debt and money in the entire range of debt - 100% market and money market securities • instruments such in line with the investment Units issued by REITs and InVITs – 0% - that the Macaulay objective to provide 10% duration of the attractive risk-adjusted portfolio is returns to its investors • Securitized Debt – between 4 years through active management 0% -20% and 7 years. of credit risk and interest rate risk in its portfolio. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved. The scheme doesn’t assure or guarantee any returns.

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AUM (Rs in Folio Scheme Investment crores) (as on (as on Asset Allocation Name objectives Investment Strategy December 31, December 31, 2020) 2020) SBI To provide the The Fund will invest in • Overnight securities 9,157.93 8810 Overnig investors an overnight securities to or instruments ht Fund opportunity to generate returns maturing in the next invest in overnight corresponding to the business day (including TRIPARTY securities maturing overnight rates in the money REPO, Reverse Repo on the next markets. and equivalent) – 0% business day. - 100%

SBI To provide The investment strategy of • Debt Instruments 2,673.44 43980 Dynami investors the Scheme would be to (including Central and c Bond attractive allocate fund corpus across State Government securities, debt Fund returns through debt securities including derivatives) – 0%- investment in Central and State 100%; an actively Government securities, debt • Money Market managed derivatives and money Instruments – 0% - portfolio of market instruments of 100%. high quality various maturities on the • Units issued by REITs debt securities basis of the expected interest and InVITs – 0% - 10% of varying rate scenario. Since the maturities interest rates can be volatile

at times, the fund will always endeavour to invest in highly liquid debt and money market instruments. The fund will follow an active duration management strategy as a result of which the portfolio turnover could be high.

SBI To provide SBI Dynamic Asset Allocation • Equity & Equity 602.08 18992 Dynami investors with an Fund endeavours to meet the related instruments c Asset opportunity to objective of this fund mainly including foreign securities and Allocati invest in a from asset allocation between derivatives – 0% – on portfolio which is a asset classes. This approach 100% Fund mix of equity and will help reduce the risk of • Debt instruments equity related tracking the individual asset (including Central and securities and classes. Based on historical State Government fixed income observation, these asset securities, debt instruments. The classes exhibit very different derivatives) & Money Market Instruments allocation between risk – return profile and a low (including TRIPARTY fixed income and correlation to each other. REPO, Reverse Repo equity instruments Both Debt and Equity tend to and equivalent) - 0% – will be managed outperform each other on a 100% dynamically so as relative risk adjusted basis to provide under different market

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AUM (Rs in Folio Scheme Investment crores) (as on (as on Asset Allocation Name objectives Investment Strategy December 31, December 31, 2020) 2020) investors with long conditions. The fund strategy term capital is based on the persistence of appreciation such outperformance over longer periods. The Scheme will allocate higher weight to the asset class that is relatively favourable under the prevailing market and economic conditions. The fund manager will aim for a superior risk adjusted returns over long time periods. The entire approach is rule based and involves a list of checklists and filters to generate buy and sell signals. The key feature of this approach is its design to buy into weakness and to sell into strength.

The optimal allocation between Equity, Debt and Cash will be based on three principles:

• Momentum

• Rate of change in momentum

• Exhaustion of momentum

1. Momentum: The model assesses the relative strength of momentum for each asset class by examining whether current prices are above or below historical moving average prices for short and medium-term periods. By using a combination of moving averages for different terms, we expect a higher stability and confidence in the momentum indicator. The asset class that shows a higher ratio between current

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AUM (Rs in Folio Scheme Investment crores) (as on (as on Asset Allocation Name objectives Investment Strategy December 31, December 31, 2020) 2020) price and the moving average price will get a higher weighting.

3. Exhaustion of momentum: A system based on momentum indicators attempt to identify a trend that is likely to persist and remain strong for a long period. However, even with very strong well-defined trends, there is likely to be a point at which the trend gets exhausted and there will be a reversal in price. The model incorporates the third and essential component of “momentum-exhaustion” which attempts to identify the price and time points at which the probability of a short-term reversal in price trend is quite high. The strategy involves tracking price behaviour and identifying price relationships that typically appear prior to and coincident with market turning points.

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AUM (Rs in Folio Scheme Investment crores) (as on (as on Asset Allocation Name objectives Investment Strategy December 31, December 31, 2020) 2020) This framework requires the fund manager to monitor the level, rate of change and pattern of changes in the momentum for these asset classes on a regular basis. Under normal conditions, the fund manager would take the decision to reallocate the funds based on the relative strength of momentum and its rate of change for each asset class. However, given the indications of momentum exhaustion reallocation will be based on the contrary stance to the existing momentum signal. In this framework, Fund Manager will use the “momentum-exhaustion” strategy solely on the equity asset class. When either a buy or sell signal is triggered using this strategy, the weight obtained for equity using the Momentum and Rate of change framework will be over-ruled. In other words, under a “Buy” signal, the portfolio will entirely shift to the equity asset class while under the “Sell” signal, the equity weight in the portfolio will be reduced to zero. This will last as long as the buy or sell signal is active. The “momentum-exhaustion” signals will eventually get deactivated either upon realizing a pre-calculated profit target or upon reaching a stop-loss level. Buy and sell signals using the “momentum-exhaustion”

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AUM (Rs in Folio Scheme Investment crores) (as on (as on Asset Allocation Name objectives Investment Strategy December 31, December 31, 2020) 2020) strategy is triggered relatively infrequently.

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AUM (Rs in Folio Scheme Investment crores) (as on (as on Asset Allocation Name objectives Investment Strategy December 31, December 31, 2020) 2020) SBI To provide the The scheme aims to generate • Corporate Bonds 28,564.38 284299 Corpor investors an attractive returns through rated AA+ and above ate opportunity to high quality corporate debt only- 80%-100% Bond predominantly securities which are rated AA+ • Debt instruments other than above Fund invest in corporate and above. Performance will including Central and bonds rated AA+ depend on the Asset State Government (s) and above to Management Company’s dated securities and generate ability to accurately assess the Money market additional spread financial position of the instruments- 0%-20% on part of their security issuers regarding • Units of REITs and debt investments paying off its debt. The InVITs- 0%-10% from high quality investments may be made in corporate debt primary as well as secondary securities while markets. The portfolio will be maintaining sufficiently diversified to moderate liquidity minimize credit risk. The in the portfolio Scheme being open-ended, through some portion of the portfolio investment in will be invested in money money market market instruments to meet securities. the liquidity requirements. However, there is no guarantee or assurance that the scheme’s objective will be achieved. The scheme does not guarantee or assure any returns.

SBI The scheme seeks to An open-ended debt • Debt and money 12,066.43 37670 Bankin generate regular scheme predominantly market instruments g and income through a investing in debt & money issued by Banks, PSUs, PSU judicious mix of market securities issued by PFIs and Municipal bodies – 80% - 100% Fund portfolio comprising Banks, Public Sector • Debt instruments predominantly debt Undertakings, Public (including Central and and money market Financial Institutions and State Government(s) securities of Banks, Municipal bodies. securities) and money Public Sector market instruments Undertakings, Public other than above – 0% -20% Financial Institutions and Municipal bodies.

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AUM (Rs in Folio Scheme Investment crores) (as on (as on Asset Allocation Name objectives Investment Strategy December 31, December 31, 2020) 2020) SBI The investment The scheme proposes to • Floating rate 70.64 1270 Floatin objective of the invest substantially in securities* g Rate scheme is to floating interest rate (including fixed rate generate regular Debt securities, fixed securities converted income through to floating rate Fund interest rate securities investment exposures using in a portfolio swapped for floating rate swaps / derivatives) comprising returns. The scheme may – 65%-100% substantially of also invest a • Fixed rate debt floating rate debt part of the portfolio in securities, instruments. The fixed rate debt securities securitized debt, scheme may money market and money market invest a portion of instruments and instruments. The aim of its net assets in units of mutual fixed rate debt the investment strategy funds including debt securities swapped will be to allocate the ETF – 0%-35% for floating rate assets of the scheme • Units issued by returns and money between various fixed REIT/InVIT – 0%- market interest rate securities and 10% instruments. * Floating rate securities floating interest rate However, there is include Floating rate securities and use no guarantee or Money Market Securities assurance that the derivatives like swaps scheme’s objective and FRAs effectively with will be achieved. the objective of achieving The scheme does stable returns in the short not guarantee or as well as assure any returns. long term. Investment decision will be primarily guided by fundamental research and analysis. The fund manager will manage the portfolio based on the outlook on interest rates and liquidity etc. Such outlook will be developed by in-house assessment of various macro factors like economic growth, inflation, credit pick-up, liquidity and other such factors as considered relevant. The Scheme may also invest in the securities viz. units of REITs and InvITs subject to necessary

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AUM (Rs in Folio Scheme Investment crores) (as on (as on Asset Allocation Name objectives Investment Strategy December 31, December 31, 2020) 2020) stipulations by SEBI from time to time.

Please refer to Common Debt KIM for guidelines, application forms and terms & conditions (including SIP, STP, SWP, Trigger, etc.)

Date: January 20, 2021

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Asset Management Company: SBI Funds Management Pvt. Ltd. (A Joint Venture between State Bank of India & AMUNDI)

KEY INFORMATION MEMORANDUM

Product Labelling This product is suitable for investors who are seeking*: Riskometer

• Regular income for short term. • Investment in overnight securities.

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Continuous offer of Units at NAV related prices on ongoing basis

This Key Information Memorandum (KIM) sets forth the information, which a prospective investor ought to know before investing. For further details of the Scheme/Mutual Fund, due diligence certificate by the AMC, Key Personnel, investors’ rights & services, risk factors, penalties & pending litigations etc. Investors should, before investment, refer to the Scheme Information Document and Statement of Additional Information available free of cost at any of the SBIFMPL branches or distributors or from the website www.sbimf.com.

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Name of the SBI Overnight Fund (earlier known as SBI Magnum Instacash Fund – Liquid Floater) Scheme Type of Scheme An open-ended debt scheme investing in overnight securities Investment The investment objective is to provide the investors an opportunity to invest in overnight Objective securities maturing on the next business day.

However, there is no guarantee or assurance that the scheme’s objective will be achieved. The scheme does not guarantee or assure any returns.

Asset Allocation Pattern Instruments Min Max Risk Profile

Overnight securities or instruments maturing in the 0% 100% Low next business day (including TRIPARTY REPO, Reverse Repo and equivalent)

The Scheme may invest in Repo in Corporate Debt as permitted by SEBI.

Investment The Fund will invest in overnight securities to generate returns corresponding to the overnight Strategy rates in the money markets.

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purchase of liquid securities.

Interest Rate Risk: Changes in interest rates affect the prices of bonds. If interest rates rise the prices of bonds fall and vice versa. A well-diversified portfolio may help to mitigate this risk. Credit Risks Credit risk shall be mitigated by investing in rated papers of the companies having the sound back ground, strong fundamentals, and quality of management and financial strength of the Company. Volatility risks: There is the risk of volatility in markets due to external factors like liquidity flows, changes in the business environment, economic policy etc. The scheme will manage volatility risk through diversification.

Plans /Options The scheme would have two plans viz. Direct Plan & Regular Plan. Direct Plan: Direct Plan is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund or through Registered Investment Advisor (RIA) and is not available for investors who route their investments through a Distributor. All the features of the Direct Plan under Scheme like the investment objective, asset allocation pattern, investment strategy, risk factors, facilities offered, load structure etc. will be the same except for a lower expense ratio as detailed in Section IV – Fees and Expenses – B. – Annual Recurring Expenses of the SID. Brokerage/Commission paid to distributors will not be paid / charged under the Direct Plan. Both the plans shall have a common portfolio. Eligible investors: All categories of investors as permitted under the Scheme Information Document of the Scheme are eligible to subscribe under Direct Plan. Modes for applying: Investments under Direct Plan can be made through various modes offered by the Mutual Fund for investing directly with the Mutual Fund How to apply: Investors desirous of subscribing under Direct Plan of a Scheme will have to ensure to indicate “Direct Plan” against the Scheme name in the application form. Investors should also indicate “Direct” in the ARN column of the application form. Regular Plan This Plan is for investors who wish to route their investment through any distributor. The default plan in following cases will be: Broker Code mentioned Plan mentioned by Default Plan to be Scenario by the investor the investor captured 1 Not mentioned Not mentioned Direct Plan 2 Not mentioned Direct Direct Plan 3 Not mentioned Regular Direct Plan 4 Mentioned Direct Direct Plan 5 Direct Not Mentioned Direct Plan 6 Direct Regular Direct Plan 7 Mentioned Regular Regular Plan 8 Mentioned Not Mentioned Regular Plan In cases of wrong/ invalid/ incomplete ARN codes mentioned on the application form, the application shall be processed under Regular Plan. The AMC shall contact and obtain the correct ARN code within 30 calendar days of the receipt of the application form from the investor/

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distributor. In case, the correct code is not received within 30 calendar days, the AMC shall reprocess the transaction under Direct Plan from the date of application.

1. Applicable NAV For Purchases 2. 3. 1. Where the application is received upto 1.30 p.m. on a day and funds for the entire amount of subscription/purchase as per the application are credited to the bank account of the respective liquid schemes/plans before the cut-off time i.e. available for utilization before the cut-off time – the closing NAV of the day immediately preceding the day of receipt of application shall be applicable; 4. 5. 2. Where the application is received after 1.30 p.m. on a day and funds for the entire amount of subscription/purchase as per the application are credited to the bank account of the respective liquid schemes/plans on the same day i.e. available for utilization on the same day– the closing NAV of the day immediately preceding the next business day shall be applicable; 6. 7. 3. Irrespective of the time of receipt of application, where the funds for the entire amount of subscription/purchase as per the application are not credited to the bank account for the respective liquid schemes/plans before the cut-off time i.e. not available for utilization before the cut-off time – the closing NAV of the day immediately preceding the day on which the funds are available for utilization shall be applicable.

For Allotment of units in respect of Switch – ins from Other Schemes:

It is necessary that:

1. Application for switch-in is received before the applicable cut-off time.

2. Funds for the entire amount of subscription/purchase as per the switch-in request are credited to the bank account of the respective switch-in schemes before the cut-off time.

3. The funds are available for utilization before the cut-off time, by the respective switch-in schemes.

For Redemption:

In respect of valid application received under the Scheme, the following repurchase NAV shall be applicable:

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1. Where the application is received upto 3.00 pm – the closing NAV of the day immediately preceding the next business days; and

2. Where the application is received after 3.00 pm – the closing NAV of the next business day.

Minimum Purchase: Rs. 5000/- and in multiples of Re. 1 thereafter Investment Additional Purchase: Rs. 1000/- and in multiples of Re. 1 thereafter Amount Repurchase: Rs.5000/- or 1 Units or account balance whichever is lower. Please note that as a result of redemption, if the outstanding balance amount falls below the minimum redemption amount as per the scheme features, SBIMF reserves the right to redeem the balance units at applicable repurchase price.

Despatch of Within 10 business days of the receipt of the repurchase (redemption) request at the authorized Repurchase Point of Acceptance of SBI Mutual Fund. (Redemption) request Benchmark Index Crisil Overnight Index Dividend Policy Dividend declaration under the dividend option of the scheme is subject to the availability of distributable surplus and recommendation of the AMC, subject to approval of the trustees and no returns are assured under the schemes. Fund Manager Mr. R. Arun Fund Manager - 8 Years; Managing since April, 2012 Tenure of Managing the Scheme Trustee Company SBI Mutual Fund Trustee Company Private Limited Performance of Performance of the scheme (As on April 30, 2020) the scheme Scheme Name 1 year 3 years 5 years Since Inception SBI Overnight Fund – Regular Growth 4.86 5.67 6.11 6.89

Benchmark: CRISIL Overnight Index 4.97 5.75 6.12 N.A.

As the scheme was launched before the launch of the benchmark index, benchmark index figures since inception or the required period are not available.

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Scheme’s Portfolio Fund Allocation towards Various Sectors Holdings (April 30, Industry % of Net Asset 2020) CASH, CASH EQUIVALENTS AND OTHERS # 100.00

# Includes CBLO,Reverse Repo, Term Deposit and Mutual Fund Units Top 10 Holdings Sector Name % of Net Asset CASH, CASH EQUIVALENTS AND OTHERS 100.00

Portfolio Turnover N.A. Ratio Website link to obtain scheme’s https://www.sbimf.com/en-us/portfolios latest monthly portfolio holdings

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Expenses of the scheme (i) Load Entry Load: Not applicable Structure Exit Load: Nil

The AMC reserves the right to modify / change the load structure on a prospective basis.

(ii) Recurring The AMC has estimated that upto 2.00% (plus allowed under regulation 52(6A)(c) of the daily net expenses asset will be charged to the scheme as expenses. The maximum annual recurring expenses that can be charged to the Scheme, excluding issue or redemption expenses, whether initially borne by the mutual fund or by the asset management company, but including the investment management and advisory fee shall be within the limits stated in Regulations 52 read with SEBI circular no. CIR/IMD/DF/21/2012 dated September 13, 2012. The AMC may charge the investment and advisory fees within the limits of total expenses prescribed under Regulation 52 of the SEBI (Mutual Funds) Regulations.

Direct Plan shall have a lower expense ratio excluding distribution expenses, commission, etc., vis-à-vis the Regular plan and no commission shall be paid from Direct plan. Both the plans viz. Regular and Direct plan shall have common portfolio. However, Regular Plan and Direct Plan shall have different NAVs. These estimates have been made in good faith as per the information available to the Investment Manager based on past experience and are subject to change inter-se. Types of expenses charged shall be as per the SEBI (MF) Regulations. However, as per regulation 52 of SEBI (MF) Regulations, Maximum limit of recurring expenses under Regulation 52 are as under:

Assets under management Total expense ratio limits (in Rs Crores) On the first Rs.500 crores of 2.00% the daily net assets On the next Rs.250 crores of 1.75% the daily net assets On the next Rs.1,250 crores 1.50% of the daily net assets On the next Rs.3,000 crores 1.35% of the daily net assets On the next Rs.5,000 crores 1.25% of the daily net assets On the next Rs.40,000 crores Total expense ratio reduction of 0.05% for every of the daily net assets increase of Rs.5,000 crores of daily net assets or part thereof. On balance of the assets 0.80%

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following additional costs or expenses to the scheme: 1. The Goods & service tax on investment management and advisory fees would be charged in addition to above limit. 2. Brokerage and transaction costs which are incurred for the purpose of execution of trade and is included in the cost of investment, not exceeding 0.12 per cent in case of cash market transactions and 0.05 percent for derivative transaction. Further, In terms of SEBI circular CIR/IMD/DF/24/2012 dated November 19, 2012, It is clarified that the brokerage and transaction cost incurred for the purpose of execution of trade may be capitalized to the extent of 12bps and 5bps for cash market transactions and derivatives transactions respectively. Any payment towards brokerage and transaction cost, over and above the said 12 bps and 5bps for cash market transactions and derivatives transactions respectively may be charged to the scheme within the maximum limit of Total Expense Ratio (TER) as prescribed under regulation 52 of the SEBI (Mutual Funds) Regulations, 1996. Goods & service tax on brokerage and transaction cost paid for execution of trade, if any, shall be within the limit prescribed under regulation 52 of the Regulations Any expenditure in excess of the said prescribed limit (including brokerage and transaction cost, if any) shall be borne by the AMC or by the trustee or sponsors. 3. In terms of Regulation 52 (6A) (b), expenses not exceeding of 0.30 per cent of daily net assets will be charged, if the new inflows from such cities as specified from time to time are at least – (i) 30 percent of gross new inflows in the scheme, or; (ii) 15 percent of the average assets under management (year to date) of the scheme, whichever is higher: Provided that if inflows from such cities is less than the higher of sub-clause (i) or sub- clause (ii), such expenses on daily net assets of the scheme shall be charged on proportionate basis: Provided further that expenses charged under this clause shall be utilised for distribution expenses incurred for bringing inflows from such cities: Provided further that amount incurred as expense on account of inflows from such cities shall be credited back to the scheme in case the said inflows are redeemed within a period of one year from the date of investment. 4. Further, GST on expenses other than investment and advisory fees shall be borne by the Scheme within the maximum limit of annual recurring expenses as prescribed in Regulation 52.

For investor education and awareness initiative, the AMC or the Schemes of the Fund will annually set apart at least 0.02 percent of daily net asset of the Schemes of the Fund within the maximum limit of the total expense ratio as per SEBI Regulation. The Mutual Fund would update the current expense ratios on its website within three working days mentioning the effective date of the change. Investors can refer https://www.sbimf.com/enus/disclosure/total-expense-ratio-of-mutual-fund-schemes for Total Expense Ratio (TER) details. The additional TER in terms of Regulation 52(6A)(b) of SEBI (Mutual Funds) Regulations, 1996 shall be charged based on inflows from Retail Investors from beyond top 30 cities (B-30 cities). Accordingly, the inflows of amount upto Rs 2,00,000/- per transaction, by individual investors shall be considered as inflows from “Retail Investors”.

Actual expenses for the previous financial year ended March 31, 2020: Scheme Name Regular Plan Direct Plan SBI Overnight Fund 0.18% 0.11%

Waiver of Load for Pursuant to SEBI Circular No. SEBI/IMD/CIR No.4/168230/09 dated June 30, 2009 no entry load Direct Applications shall be charged for all mutual fund schemes. Therefore, the procedure for waiver of load for direct applications is no longer applicable. Tax treatment for Investors will be advised to refer to the details in the Statement of Additional Information & also the Investors independently refer to their tax advisor.

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Daily Net Asset The NAV will be declared on all business days and shall be computed on daily basis and shall be Value (NAV) disclosed in the manner as be specified by the SEBI. NAV can also be viewed on www.sbimf.com Publication and www.amfiindia.com.

Monthly The fund shall disclose the scheme’s portfolio in the prescribed format along with the ISIN as on Disclosure of the last day of the month for all the Schemes of SBI Mutual Fund on its website www.sbimf.com Schemes’ Portfolio within 10 days from the close of the month. The Fund shall also email within the stipulated time Statement frame, the monthly portfolio to the unitholders whose email address is registered with the Fund.

Prudential limits The Fund shall ensure that total exposure of the Scheme, in a particular sector (excluding on portfolio investments in Bank CDs, TRIPARTY REPO, G-Secs, TBills, short term deposits of scheduled concentration commercial banks and AAA rated securities issued by Public Financial Institutions and Public Sector Banks) shall not exceed 20% of the net assets of the scheme; Provided that an additional exposure to financial services sector (over and above the limit of 20%) not exceeding 10% of the net assets of the scheme shall be allowed only by way of increase in exposure to Housing Finance Companies (HFCs); Further, an additional exposure of 5% of the net assets of the scheme has been allowed for investments in securitized debt instruments based on retail housing loan portfolio and/or affordable housing loan portfolio. Provided further that the additional exposure to such securities issued by HFCs are rated AA and above and these HFCs are registered with National Housing Bank (NHB) and the total investment/ exposure in HFCs shall not exceed 20% of the net assets of the scheme. Annual Report Scheme wise Annual Report or an abridged summary thereof shall be provided to all unitholders within four months from the date of closure of the relevant accounts year i.e. 31st March each year as follows: 1. The Scheme wise annual report / abridged summary thereof shall be hosted on website of the Fund i.e., www.sbimf.com and on the website of AMFI i.e. www.amfiindia.com. The physical copy of the scheme-wise annual report or abridged summary shall be made available to the unitholders at the registered office of SBI Mutual Fund at all times. 2. The scheme annual report or an abridged summary thereof shall be emailed to those unitholders whose email addresses are registered with the Fund. 3. The AMC shall publish an advertisement on annual basis, in the all India edition of at least two daily newspapers, one each in English and Hindi; disclosing the hosting of the scheme wise annual report on its website viz. www.sbimf.com and on the website of AMFI i.e. www.amfiindia.com and the modes through which a written request can be submitted by the unitholder for obtaining a physical or electronic copy of the scheme-wise annual report or abridged summary. 4. The AMC shall provide physical copy of the abridged summary of the Annual report, without charging any cost, on receipt of a specific request from the unitholder. For Investor Grievances, please Registrar SBI Mutual Fund Contact Computer Age Management Mr. Rahul Mayor Services Ltd., (Investor Relations Officer) (SEBI Registration No.: INR000002813) SBI Funds Management Pvt. Ltd. Rayala Towers 158, Anna Salai 9th Floor, Crescenzo, Chennai - 600002 C-38 & 39, G Block, Tel No.: (044) 28881101/36 Bandra Kurla Complex, Bandra (East), Fax: (044) 30407101 Mumbai – 400 051 Email: [email protected], Tel: 022- 61793537 Website: www.camsonline.com Email: [email protected] Unit holders’ Pursuant to Regulation 36 of the SEBI Regulation, the following shall be applicable with respect

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Information to account statement: The asset management company shall ensure that consolidated account statement for each calendar month is issued, on or before tenth day of succeeding month, detailing all the transactions and holding at the end of the month including transaction charges paid to the distributor, across all schemes of all mutual funds, to all the investors in whose folios transaction has taken place during that month:

In terms of SEBI Circular No. IR/MRD/DP/31/2014 dated November 12, 2014 on Consolidated Account Statement, investors having Demat account has an option to receive consolidated account statement:

• Investors having MF investments and holding securities in Demat account shall receive a single Consolidated Account Statement (CAS) from the Depository.

• In case an investor has multiple accounts across two depositories, the depository with whom the account has been opened earlier will be the default depository.

The half yearly portfolio of scheme (along with the ISIN) shall be disclosed within 10 days from close of each half year on the Website of the Mutual Fund (www.sbimf.com) and on the Website of AMFI (www.amfiindia.com). Also, the Fund shall email the half yearly portfolio to the unitholders whose email address is registered with the Fund within 10 days from close of each half year. The AMC shall publish an advertisement in all India edition of at least two daily newspapers, one each in English and Hindi, every half year disclosing the hosting of the half- yearly statement of the schemes portfolio on the Website of the Mutual Fund and on the Website of AMFI and shall also specify the modes through which a written request can be submitted by the unitholder for obtaining a copy of the statement of scheme portfolio. Further, before expiry of one month from the close of each half year i.e. on March 31 or September 30, the Fund shall host a soft copy of half – yearly unaudited financial results on the website of the Fund and that of AMFI. A notice shall be published disclosing the hosting of such financial results

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on the website of the mutual fund, in atleast one English daily newspaper having nationwide circulation and in a newspaper having wide circulation published in the language of the region where the Head Office of the mutual fund is situated.

Note - For further details of the Scheme, investors are requested to refer Scheme Information Document

How this scheme is different from the existing schemes of SBI Mutual Fund:

Scheme Name Investment Asset Allocation AUM (Rs in crores) Folio objectives (as on April 30, (as on April 30, Investment 2020) 2020) Strategy SBI Debt Hybrid To provide the Investments under • Equity and 957.34 26,428 Fund investors an the fund will be a Equity opportunity to mix of debt, equity related invest primarily in & money market Instrumen Debt and Money instruments. Debt ts market instruments will be (including instruments and invested based on derivative secondarily in evaluation of s) - 10% - equity and equity macro-economic 25%; related factors, market • Debt instruments. dynamics and instrumen issuer specific ts factors. Maximum (including exposure to debt equities is capped derivative at 25% in this s) and scheme. Money Market instrumen ts (including TRIPARTY REPO, Reverse repo and equivalent ) - 75% 90%; • Units issued by REITs and InVITs – 0% - 10%. SBI Multi Asset To provide the • Equity and 195.79 8,867 Allocation Fund investors an Investments under Equity opportunity to the fund will be related invest in an actively predominantly in a Instrumen managed portfolio mix of debt & debt ts of multiple asset related (including classes. instruments, equity derivative & equity related s and instruments, & Equity gold & gold related ETFs*) - 10

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instruments %-80%; including domestic • Debt and overseas ETFs, instrumen units of REITs and ts InvITs and such (including other asset classes Central as SEBI may and State prescribe from Governme time to time. Debt nt instruments will be securities, invested based on debt evaluation of derivative macro-economic s and debt factors, market ETFs*) and dynamics and Money issuer specific market factors. instrumen ts – 10% - 80% • Gold related instrumen ts^^/Gold ETFs – 10% - 80% *including domestic and overseas ETFs Units of REITs and InvITs and such other asset classes as SEBI may prescribe from time to time. 0%- 10% ^^ As defined in SEBI (Mutual Funds) Regulation, 1996 and circulars issued from time to time and in terms of SEBI circular no. SEBI/HO/IMD/DF2/ CIR/P/2019/65 dated May 21, 2019, the Scheme may participate in ETCDs having gold as the Underlying and hence may hold the underlying gold in case of physical settlement of contracts, in that case the mutual fund scheme shall dispose of gold

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from the books of the scheme, at the earliest, not exceeding 30 days from the date of holding of the physical gold. SBI Credit Risk To provide the The scheme aims • Debt 4,106.38 56,536 Fund investors an to generate (including opportunity to attractive returns securitized predominantly through high- debt) and invest in corporate yielding corporate Money bonds rated AA or debt securities market below (excluding which are rated instrumen AA+ rated below the highest ts – upto corporate bonds) rating. The fund 100% so as to generate will follow an • ADR/GDR/ attractive returns active credit Foreign while maintaining management Securities moderate liquidity strategy. – 0% - in the portfolio Performance will 25% through depend on the • Units investment in Asset Management issued by money market Company’s ability REITs and securities. to accurately InVITs – assess the financial 0% - 10% position of the security issuers regarding paying off its debt. The investments may be made in primary as well as secondary markets. The portfolio will be sufficiently diversified to minimize credit risk. The Scheme being open-ended, some portion of the portfolio will be invested in money market instruments so as to meet the liquidity requirements. SBI Savings Fund To provide the An open-ended • Money 11,103.72 142,201 investors an debt scheme market opportunity to investing in money instrumen invest in money market ts market instruments as including instruments defined by SEBI / CPs, CDs, RBI from time to Commerci time. The al Bills, T- investment

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strategy would be Bills, towards generating Governme stable returns nt through a portfolio securities of Money Market having an instruments unexpired seeking to capture maturity the term and credit up to one spreads year, call or notice money, Usance bills, and Non- Convertibl e Debenture s (NCDs) of original or initial maturity up to one year – 0% - 100% SBI Magnum Low To provide The scheme will • Debt 8,996.00 45,904 Duration Fund investors an invest its corpus in instrumen opportunity to the entire range of ts generate regular debt and money (including income with market securities in Central reasonable degree line with the and State of liquidity through investment Governme investments in objective to nt(s) debt and money provide attractive securities, market risk-adjusted Debt instruments in such returns to its derivative a manner that the investors through s), and Macaulay duration active Money of the portfolio is management of Market between 6 months credit risk and instrumen and 12 months interest rate risk in ts – 0% - its portfolio. 100% SBI Liquid Fund To provide the The scheme will • Debt 51,614.39 59,857 investors an invest in the entire instrumen opportunity to range of debt and ts invest in the entire money market (including range of debt and instruments in line Debt money market with the derivative securities with investment s) and residual maturity objective to Money upto 91 days only provide attractive Market risk-adjusted instrumen returns to its ts with a investors while residual maintaining a high maturity degree of liquidity upto 91 to the investments. Days only

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– 0% - 100% • Securitize d Debt with a residual maturity upto 91 Days only – 0% -20% SBI Short Term To provide The scheme will • Debt 12,703.53 34,192 Debt Fund investors an invest based on a instrumen opportunity to continuous ts generate regular evaluation of (including income through macro-economic Central investments in a factors, market and State portfolio dynamics and debt- Governme comprising issuer specific nt(s) predominantly of factors. The securities, debt instruments scheme will invest debt which are rated its corpus in the derivative not below entire range of s) and investment grade debt and money Money and money market market securities in Market instruments such line with the instrumen that the Macaulay investment ts – 65% - duration of the objective to 100%; portfolio is provide attractive • Securitize between 1 year risk-adjusted d Debt – and 3 years returns to its 0% - 35%. investors through active management of credit risk and interest rate risk in its portfolio. SBI Magnum Gilt To provide returns Investment in • Central 2,441.08 23,019 Fund to the investors Central and/or and State generated through State Government Governme investments in securities are nt Government considered to be securities, securities issued by free of credit risk. T-Bills – the Central However the aim 80% - Government of the portfolio will 100%; and/or State be to make capital • TRIPARTY Government(s). gains by actively REPO, managing interest Repo and rate risk. Cash – 0% - 20%;

SBI Magnum To provide returns Investment in • Central 611.95 17,932 Constant Maturity to the investors Central and/or Governme Fund generated through State Government nt and investments securities are free State predominantly in of credit risk. Governme Government However, the aim nt

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securities issued by of the portfolio will securities, the Central be to make capital T-Bills – Government gains by actively 80% - and/or State managing interest 100% Government such rate risk. • TRIPARTY that the Average REPO, Maturity of the Repo and portfolio is around Cash – 0% 10 years. - 20% SBI Magnum Ultra To provide An open ended • Debt 8,919.17 33,465 Short Duration investors with an ultra-short instrumen Fund opportunity to duration debt ts generate regular scheme investing in (including income with high instruments such Central degree of liquidity that the Macaulay and State through duration of Governme investments in a Portfolio is nt(s) portfolio between 3 months securities, comprising and 6 months. The Debt predominantly of scheme will invest derivative debt and money its corpus in the s) and market entire range of Money instruments debt and money Market market securities in instrumen line with the ts - 0% - investment 100% objective to provide attractive risk-adjusted returns to its investors through active management of credit risk and interest rate risk in its portfolio. SBI Magnum To provide the The proportion of • Equities or 61.64 9,651 Children’s Benefit investors an the scheme equity Fund opportunity to portfolio invested related earn regular in each type of instrumen income security will vary in ts predominantly accordance with (including through economic derivative investment in debt conditions, interest s) – 0% - and money market rates, liquidity and 25% instruments and other relevant • Debt capital considerations, instrumen appreciation including the risks ts through an actively associated with (including managed equity each investment. Central portfolio The scheme and State intends to invest Governme upto 25% of the nt(s) corpus in equity securities) and equity related and instruments Money

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market instrumen ts (including TRIPARTY REPO, Reverse repo and equivalent ) – 75% - 100% • Securitize d Debt – 0% - 10% • Units issued by REITs & InvITs – 0% -10% SBI Magnum To provide The scheme will • Debt 3,190.97 43,818 Medium Duration investors an invest its corpus in instrumen Fund opportunity to the entire range of ts generate attractive debt and money (including returns with market securities in Central moderate degree line with the and State of liquidity through investment Governme investments in objective to nt(s) debt and money provide attractive securities, market risk-adjusted debt instruments such returns to its derivative that the Macaulay investors through s) and duration of the active Money portfolio is management of Market between 3 years – credit risk and instrumen 4 years. interest rate risk in ts -0%- However, there is its portfolio. 100%; no guarantee or • Units assurance that the issued by investment REITs and objective of the InVITs – scheme will be 0% - 10% achieved. The scheme doesn’t assure or guarantee any returns. SBI Magnum To provide The scheme will • Debt 1,291.53 19,642 Income Fund investors an invest based on a instrumen opportunity to continuous ts generate regular evaluation of (including income through macro-economic Central investments in factors, market and State debt and money dynamics and debt- Governme market issuer specific nt instruments such factors. The securities, that the Macaulay scheme will invest debt

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duration of the its corpus in the derivative portfolio is entire range of s) and between 4 years debt and money Money and 7 years. market securities in Market However, there is line with the instrumen no guarantee or investment ts – 0% - assurance that the objective to 100% investment provide attractive • Units objective of the risk-adjusted issued by scheme will be returns to its REITs and achieved. The investors through InVITs – scheme doesn’t active 0% -10% assure or management of • Securitize guarantee any credit risk and d Debt – returns. interest rate risk in 0% -20% its portfolio. SBI Dynamic Bond To provide The investment • Debt 1,354.18 30,400 Fund investors attractive strategy of the Instrumen returns through Scheme would be ts investment in an to allocate fund (including actively managed corpus across debt Central portfolio of high securities including and State quality debt Central and State Governme securities of Government nt varying maturities securities, debt securities, derivatives and debt money market derivative instruments of s) – 0%- various maturities 100%; on the basis of the • Money expected interest Market rate scenario. Since Instrumen the interest rates ts – 0% - can be volatile at 100%. times, the fund will • Units always endeavour issued by to invest in highly REITs and liquid debt and InVITs – money market 0% - 10% instruments. The fund will follow an active duration management strategy as a result of which the portfolio turnover could be high. SBI Dynamic Asset To provide SBI Dynamic Asset • Equity & 573.80 20,901 Allocation Fund investors with an Allocation Fund Equity opportunity to endeavours to related invest in a portfolio meet the objective instrumen which is a mix of of this fund mainly ts equity and equity from asset including related securities allocation between foreign and fixed income asset classes. This securities instruments. The approach will help and

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allocation between reduce the risk of derivative fixed income and tracking the s – 0% – equity instruments individual asset 100% will be managed classes. Based on • Debt dynamically so as historical instrumen to provide observation, these ts investors with long asset classes (including term capital exhibit very Central appreciation different risk – and State return profile and a Governme low correlation to nt each other. Both securities, Debt and Equity debt tend to outperform derivative each other on a s) & relative risk Money adjusted basis Market under different Instrumen market conditions. ts The fund strategy is (including based on the triparty persistence of such repo, outperformance Reverse over longer Repo and periods. The equivalent Scheme will ) - 0% – allocate higher 100% weight to the asset class that is relatively favourable under the prevailing market and economic conditions. The fund manager will aim for a superior risk adjusted returns over long time periods. The entire approach is rule based and involves a list of checklists and filters to generate buy and sell signals. The key feature of this approach is its design to buy into weakness and to sell into strength. The optimal allocation between Equity, Debt and Cash will be based on three principles:

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• Momentum • Rate of change in momentum • Exhaustion of momentum 1. Momentum: The model assesses the relative strength of momentum for each asset class by examining whether current prices are above or below historical moving average prices for short and medium- term periods. By using a combination of moving averages for different terms, we expect a higher stability and confidence in the momentum indicator. The asset class that shows a higher ratio between current price and the moving average price will get a higher weighting. 2. Rate of change: The model uses the rate of change in the momentum of the underlying assets in addition to the relative strength of the momentum to mitigate the risk of frequent changes in the signals. For an asset class to be considered strongly trending higher not only does the current price need to be above the moving averages but also the rate of change for the moving averages also need to be positive.

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3. Exhaustion of momentum: A system based on momentum indicators attempt to identify a trend that is likely to persist and remain strong for a long period. However, even with very strong well-defined trends, there is likely to be a point at which the trend gets exhausted and there will be a reversal in price. The model incorporates the third and essential component of “momentum- exhaustion” which attempts to identify the price and time points at which the probability of a short-term reversal in price trend is quite high. The strategy involves tracking price behaviour and identifying price relationships that typically appear prior to and coincident with market turning points. This framework requires the fund manager to monitor the level, rate of change and pattern of changes in the momentum for these asset classes on a regular basis. Under normal conditions, the fund manager would take the decision to reallocate the

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funds based on the relative strength of momentum and its rate of change for each asset class. However, given the indications of momentum exhaustion reallocation will be based on the contrary stance to the existing momentum signal. In this framework, Fund Manager will use the “momentum- exhaustion” strategy solely on the equity asset class. When either a buy or sell signal is triggered using this strategy, the weight obtained for equity using the Momentum and Rate of change framework will be over-ruled. In other words, under a “Buy” signal, the portfolio will entirely shift to the equity asset class while under the “Sell” signal, the equity weight in the portfolio will be reduced to zero. This will last as long as the buy or sell signal is active. The “momentum- exhaustion” signals will eventually get deactivated either upon realizing a pre-calculated profit target or upon reaching a stop-loss level. Buy and sell signals using the “momentum- exhaustion”

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strategy is triggered relatively infrequently. The frequency of reallocation and portfolio turnover will be maintained under control by allowing small deviation from the target weights suggested by the above strategy. The asset classes will retain market adjusted weights as long as the deviation from targeted weight is below an absolute percentage threshold. The allocation strategy of SBI Dynamic Asset Allocation Fund, under certain volatile market conditions, may signal frequent rebalancing of the portfolio in a short period of time. The Scheme will use the derivatives for portfolio rebalancing. Use of derivatives will provide us the ability to follow these frequent signals and efficiently manage the fund. Derivatives on major equity indices are more liquid and less expensive to transact in comparison to selling or buying each individual securities in the portfolio. Derivatives will provide the ability to make larger

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changes in the allocation without increasing the risk of illiquidity. The exposure to derivatives will be gradually reduced as the market retains a stable trend. SBI Banking and The scheme seeks An open-ended • Debt and 4,797.25 13,599 PSU Fund to generate regular debt scheme money income through a predominantly market judicious mix of investing in debt & instrumen portfolio money market ts issued comprising securities issued by by Banks, predominantly Banks, Public PSUs, PFIs debt and money Sector and market securities Undertakings, Municipal of Banks, Public Public Financial bodies – Sector Institutions and 80% - Undertakings, Municipal bodies. 100% Public Financial • Debt Institutions and instrumen Municipal bodies. ts (including Central and State Governme nt(s) securities) and money market instrumen ts other than above – 0% -20% SBI Corporate Bond To provide the The scheme aims • Corporate 13,436.58 153,556 Fund investors an to generate Bonds opportunity to attractive returns rated AA+ predominantly through high and above invest in corporate quality corporate only- 80%- bonds rated AA+ debt securities 100% and above to which are rated • Debt generate additional AA+ and above. instrumen spread on part of Performance will ts other their debt depend on the than investments from Asset Management above high quality Company’s ability including corporate debt to accurately Central securities while assess the financial and State maintaining position of the Governme moderate liquidity security issuers nt (s) in the portfolio regarding paying dated

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through off its debt. The securities investment in investments may and money market be made in primary Money securities. as well as market However, there is secondary markets. instrumen no guarantee or The portfolio will ts- 0%- assurance that the be sufficiently 20% scheme’s objective diversified to • Units of will be achieved. minimize credit REITs and The scheme does risk. The Scheme InVITs- not guarantee or being open-ended, 0%-10% assure any returns. some portion of the portfolio will be invested in money market instruments to meet the liquidity requirements.

Please refer to Common Debt KIM for guidelines, application forms and terms & conditions (including SIP, STP, SWP, Trigger, etc.)

Date: May 14, 2020

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Asset Management Company: SBI Funds Management Pvt. Ltd. (A Joint Venture between State Bank of India & AMUNDI)

KEY INFORMATION MEMORANDUM

(An open ended short-term debt scheme investing in instruments such that the Macaulay Duration of the portfolio is between 1 year and 3 years) (Refer to Page No. 2 for details on Macaulay’s Duration)

Product Labelling

This product is suitable for investors who are seeking*: Riskometer

• Regular income for short term. • Investment in Debt and Money Market securities.

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Continuous offer of Units at NAV related prices on ongoing basis

This Key Information Memorandum (KIM) sets forth the information, which a prospective investor ought to know before investing. For further details of the Scheme/Mutual Fund, due diligence certificate by the AMC, Key Personnel, investors’ rights & services, risk factors, penalties & pending litigations etc. Investors should, before investment, refer to the Scheme Information Document and Statement of Additional Information available free of cost at any of the SBIFMPL branches or distributors or from the website www.sbimf.com.

KIM – SBI Short Term Debt Fund Page 1

Name of the SBI Short Term Debt Fund Scheme Type of An open ended short-term debt scheme investing in instruments such that the Macaulay Duration of Scheme the portfolio is between 1 year and 3 years

Investment The investment objective is to provide investors an opportunity to generate regular income through Objective investments in a portfolio comprising predominantly of debt instruments which are rated not below investment grade and money market instruments such that the Macaulay duration of the portfolio is between 1 year and 3 years

However, there is no guarantee or assurance that the scheme’s objective will be achieved. The scheme does not guarantee or assure any returns.

Asset Allocation Asset Allocation Risk Profile Pattern Instruments Min Max

Debt instruments (including Central and 65% 100% Low to medium State Government(s) securities, debt derivatives) and Money Market instruments Securitized Debt 0% 35% Medium to High

The Scheme may invest in ADR/GDR/Foreign securities upto 25% of the net assets of the scheme The Scheme may invest in Repo in Corporate Debt as permitted by SEBI The Scheme may invest in Mutual Fund units as permissible As per SEBI circular SEBI/HO/IMD/DF2/CIR/P/2017/109 dated September 27, 2017, the Scheme may indulge in ‘Imperfect hedging’ using IRFs upto maximum of 20% of the net assets of the scheme. Investment The scheme will invest based on a continuous evaluation of macro-economic factors, market dynamics Strategy and debt-issuer specific factors. The scheme will invest its corpus in the entire range of debt and money market securities in line with the investment objective to provide attractive risk-adjusted returns to its investors through active management of credit risk and interest rate risk in its portfolio.

The scheme is an open ended ultra-short term debt scheme investing in instruments such that the Macaulay Duration of the portfolio is between 1 year and 3 years.

Macaulay’s Duration is linked to the price volatility of a bond. Duration is the fund manager’s tool for structuring a portfolio of bonds to have the desired sensitivity.

Macaulay Duration is a measure of the average life of a security. More specifically, it is the weighted average term-to-maturity of the security's cash flows. Mathematically, it is:

t1 x PVCF1 + t2 x PVCF2+ t3 x PVCF3 +.... + tn x PVCFt Duration = k x PVTCF

KIM – SBI Short Term Debt Fund Page 2

where

K = number of payments per year. Risk Profile of Mutual Fund Units involve investment risks including the possible loss of principal. Please read the SID the Scheme carefully for details on risk factors before investment. Scheme specific risk factors are summarized below:

SBI Short Term Debt Fund (SSTDF) will be investing in debt instruments, Government Securities, securitized debt, debt derivatives and money market instruments. Trading volumes and settlement periods inherently restrict the liquidity of the scheme’s investments. In the event of a restructuring of the scheme’s investment portfolio, these periods may become significant.

The Scheme is subjected to risk factors associated with investments in Government securities, Repo in Corporate Debt, debt derivatives, securitized debt, ADR/GDR/Foreign securities and segregated portfolio. Besides, the scheme is also subjected to risk associated with Foreign Securities, Currency Risk, imperfect hedge using interest rate futures, Delinquency and Credit Risk, & regulatory risk associated with securities as detailed in the SID. Risk Control Investments in debt and debt related securities carry various risks such as inability to sell securities, trading volumes and settlement periods, market risk, interest rate risk, liquidity risk, default risk, reinvestment risk etc. Whilst such risks cannot be eliminated, they may be mitigated by diversification and hedging.

For risk control, the following may be noted:

Interest Rate Risk: Changes in interest rates affect the prices of bonds. If interest rates rise the prices of bonds fall and vice versa. A well-diversified portfolio may help to mitigate this risk.

Volatility risks:

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Plans The scheme would have two plans viz. Direct Plan & Regular Plan. /Options Direct Plan: Direct Plan is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund or through Registered Investment Advisor (RIA) and is not available for investors who route their investments through a Distributor. All the features of the Direct Plan under Scheme like the investment objective, asset allocation pattern, investment strategy, risk factors, facilities offered, load structure etc. will be the same except for a lower expense ratio as detailed in Section IV – Fees and Expenses – B. – Annual Recurring Expenses of the SID. Brokerage/Commission paid to distributors will not be paid / charged under the Direct Plan. Both the plans shall have a common portfolio.

Eligible investors: All categories of investors as permitted under the Scheme Information Document of the Scheme are eligible to subscribe under Direct Plan.

Modes for applying: Investments under Direct Plan can be made through various modes offered by the Mutual Fund for investing directly with the Mutual Fund.

Regular Plan This Plan is for investors who wish to route their investment through any distributor.

The default plan in following cases will be: Broker Code mentioned Plan mentioned by Default Plan to be Scenario by the investor the investor captured

1 Not mentioned Not mentioned Direct Plan

2 Not mentioned Direct Direct Plan

3 Not mentioned Regular Direct Plan

4 Mentioned Direct Direct Plan

5 Direct Not Mentioned Direct Plan

6 Direct Regular Direct Plan

7 Mentioned Regular Regular Plan

8 Mentioned Not Mentioned Regular Plan

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code is not received within 30 calendar days, the AMC shall reprocess the transaction under Direct Plan from the date of application.

Investors can select only one option either pay out or reinvestment in dividend plan at a Scheme and folio level. Any subsequent request for change in Dividend option viz. Payout to Reinvestment or vice- versa would be processed at the Folio / Scheme level and not at individual transaction level. Accordingly, any change in dividend option (payout / reinvestment) will reflect for all the units held under the scheme / folio. 1. Applicable For subscription of below Rs. 2 lakhs NAV In respect of valid applications received upto 3 p.m. by the Mutual Fund at any of the OPAT of SBI MF along with a local cheque or a demand draft payable at par at the place where the application is received, the closing NAV of the day on which application is received shall be applicable. In respect of valid applications received after 3 p.m. by the Mutual Fund at any of the OPAT along with a local cheque or a demand draft payable at par at the place where the application is received, the closing NAV of the next business day shall be applicable.

For subscription of Rs. 2 lakhs & above: In respect of purchase of units of the scheme, the closing NAV of the day on which the funds are available for utilization shall be applicable, provided the funds are realised up to 3.00 pm on a business day, subject to the transaction being time stamped appropriately. Note In case where more than one application is received for purchase/subscription/switch-in in a debt scheme (irrespective of the plan/option/sub-option) of the Fund for an aggregate investment amount equal to or more than Rs.2 lakh on any business day, then such applications shall be aggregated at Permanent Account Number (PAN) level of the first holder. Such aggregation shall be done irrespective of the number of folios under which the investor is investing and irrespective of source of funds, mode, location and time of application and payment.

For Redemptions including Switch out: In respect of valid applications received upto 3.00 p.m. by the Mutual Fund, same days closing NAV shall be applicable. In respect of valid applications received after the cut off time by the Mutual Fund, the closing NAV of the next business day shall be applicable. Minimum Purchase: Rs. 5000/- and in multiples of Re. 1 thereafter Investment Additional Purchase: Rs. 1000/- and in multiples of Re. 1 thereafter Amount Repurchase: Rs.500/- or 1 Units or account balance whichever is lower. Please note that as a result of redemption, if the outstanding balance amount falls below the minimum redemption amount as per the scheme features, SBIMF reserves the right to redeem the balance units at applicable repurchase price. Despatch of Within 10 business days of the receipt of the repurchase (redemption) request at the authorized Point Repurchase of Acceptance of SBI Mutual Fund. (Redemption) request

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Benchmark Crisil Short Term Bond Fund Index Index Dividend Dividend declaration under the dividend option of the scheme is subject to the availability of Policy distributable surplus and at the recommendation of the AMC, subject to approval of the trustees and no returns are assured under the schemes. Fund Manager Mr. Rajeev Radhakrishnan Mr. Mohit Jain is the dedicated fund manager for managing investment in overseas securities. Fund Manager 11.8 Years; Managing since June 2008 - Tenure of Managing the Scheme Trustee SBI Mutual Fund Trustee Company Private Limited Company Segregation of Creation of segregated portfolio shall be subject to following guidelines specified by SEBI as per circular Portfolio no. SEBI/HO/IMD/DF2/CIR/ P/2018/160 dated December 28, 2018 and circular no. SEBI/HO/IMD/DF2/CIR/P/2019/127 dated November 07, 2019. Performance Performance of the scheme (As on January 31, 2020) of the scheme Scheme Name 1 year 3 years 5 years Since Inception SBI Short Term Debt Fund - Regular Plan - Growth 9.73 7.04 7.77 6.89 Benchmark: - Crisil Short Term Bond Fund Index 9.92 7.45 8.13 8.06

Financial Year Wise Returns 12

10 8

4 Returns (%) 2 0 2014-15 2015-16 2016-17 2017-18 2018-19 Financial year

SBI Short Term Debt Fund - Regular - Growth Crisil Short Term Bond Fund Index

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Scheme’s Fund Allocation towards Various Sectors Portfolio Sector Name % of Net Asset Holdings FINANCIAL SERVICES 56.60 (January 31, SOVEREIGN 12.64 2020) ENERGY 10.99 CONSTRUCTION 2.90 TELECOM 2.44 CONSUMER GOODS 1.83 SERVICES 1.68

Top 10 Holdings Issuer Name % of Net Asset POWER FINANCE CORPORATION LTD. 6.96 STATE BANK OF INDIA 6.63 HOUSING AND URBAN DEVELOPMENT CORPORATION LTD. 6.51 LIC HOUSING FINANCE LTD. 6.12 NATIONAL BANK FOR AGRICULTURE AND RURAL 4.91 DEVELOPMENT REC LTD. 4.85 STATE GOVERNMENT OF TAMIL NADU 4.14 INDIA GRID TRUST 3.78 HOUSING DEVELOPMENT FINANCE CORPORATION LTD. 3.49 SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA 2.87

Portfolio N.A. Turnover Ratio Website link to obtain https://www.sbimf.com/en-us/portfolios scheme’s latest monthly portfolio holdings

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Expenses of the scheme (i) Load Entry Load: Not applicable Structure Exit Load: Nil

(ii) Recurring The AMC has estimated that upto 2.00% (plus allowed under regulation 52(6A) of the daily net asset will expenses be charged to the scheme as expenses. The maximum annual recurring expenses that can be charged to the Scheme, excluding issue or redemption expenses, whether initially borne by the mutual fund or by the asset management company, but including the investment management and advisory fee shall be within the limits stated in Regulations 52 read with SEBI circular no. CIR/IMD/DF/21/2012 dated September 13, 2012. The AMC may charge the investment and advisory fees within the limits of total expenses prescribed under Regulation 52 of the SEBI (Mutual Funds) Regulations.

Pursuant to SEBI Circular No. SEBI /HO/IMD/DF2/CIR/P/2018/15 dated February 02, 2018, additional expenses under regulation 52 (6A) (c) shall not be levied if the scheme doesn’t have exit load.

These estimates have been made in good faith as per the information available to the Investment Manager based on past experience and are subject to change inter-se. Types of expenses charged shall be as per the SEBI (MF) Regulations. Pursuant to SEBI Notification dated December 13, 2018, the maximum total expenses of the scheme under Regulation 52(6)(c) shall be subject to following limits Slab As a % of daily net assets as per Regulation 52 (6) (c) On the first Rs.500 crores of the daily net assets 2.00% On the next Rs.250 crores of the daily net assets 1.75% On the next Rs.1,250 crores of the daily net assets 1.50% On the next Rs.3,000 crores of the daily net assets 1.35% On the next Rs.5,000 crores of the daily net assets 1.25% On the next Rs.40,000 crores of the daily net assets Total expense ratio reduction of 0.05% for every increase of Rs.5,000 crores of daily net assets or part thereof. On balance of the assets 0.80%

The scheme may charge additional expenses incurred towards different heads mentioned under regulations (2) and (4), not exceeding 0.05% of the daily net assets.

In addition to expenses as permissible under Regulation 52 (6) (c), the AMC may charge the following additional costs or expenses to the scheme: 1. The Goods & service tax on investment management and advisory fees would be charged in addition to above limit. 2. Brokerage and transaction costs which are incurred for the purpose of execution of trade and is included in the cost of investment, not exceeding 0.12 per cent in case of cash market transactions and 0.05 percent for derivative transaction. Further, In terms of SEBI circular CIR/IMD/DF/24/2012 dated November 19, 2012, It is clarified that the brokerage and transaction cost incurred for the purpose of execution of trade may be capitalized to the extent of 12bps and 5bps for cash market transactions and derivatives transactions respectively. Any payment towards brokerage and transaction cost, over and above the said 12 bps and 5bps for cash market transactions and derivatives transactions respectively may be charged to the scheme within the maximum limit of Total Expense Ratio (TER) as prescribed

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under regulation 52 of the SEBI (Mutual Funds) Regulations, 1996. Goods & service tax on brokerage and transaction cost paid for execution of trade, if any, shall be within the limit prescribed under regulation 52 of the Regulations. 3. In terms of Regulation 52 (6A) (b), expenses not exceeding of 0.30 per cent of daily net assets will be charged, if the new inflows from such cities as specified from time to time are at least – (i) 30 percent of gross new inflows in the scheme, or; (ii) 15 percent of the average assets under management (year to date) of the scheme, whichever is higher: Provided that if inflows from such cities is less than the higher of sub-clause (i) or sub- clause (ii), such expenses on daily net assets of the scheme shall be charged on proportionate basis: Provided further that expenses charged under this clause shall be utilised for distribution expenses incurred for bringing inflows from such cities: Provided further that amount incurred as expense on account of inflows from such cities shall be credited back to the scheme in case the said inflows are redeemed within a period of one year from the date of investment. 4. Further, GST on expenses other than investment and advisory fees shall be borne by the Scheme within the maximum limit of annual recurring expenses as prescribed in Regulation 52.

Direct Plan shall have a lower expense ratio excluding distribution expenses, commission, etc., vis-à-vis the Regular Plan and no commission shall be paid from Direct Plan. Both the plans i.e. Direct & Regular shall have common portfolio. However, Regular Plan and Direct Plan shall have different NAVs. For investor education and awareness initiative, the AMC or the Schemes of the Fund will annually set apart at least 0.02 percent of daily net asset of the Schemes of the Fund within the maximum limit of the total expense ratio as per SEBI Regulation. The Mutual Fund would update the current expense ratios on its website within three working days mentioning the effective date of the change. Investors can refer https://www.sbimf.com/enus/disclosure/total-expense-ratio-of-mutual-fund-schemes for Total Expense Ratio (TER) details.

Actual expenses for the previous financial year ended March 31, 2019: Scheme Name Regular Plan Direct Plan

SBI Short Term Debt Fund 0.94% 0.34%

Waiver of Pursuant to SEBI Circular No. SEBI/IMD/CIR No.4/168230/09 dated June 30, 2009 no entry load shall be Load for charged for all mutual fund schemes. Therefore, the procedure for waiver of load for direct applications Direct is no longer applicable. Applications Tax treatment Investors will be advised to refer to the details in the Statement of Additional Information & also for the independently refer to their tax advisor. Investors Daily Net NAV of the Scheme shall be computed and declared on every business day and shall be disclosed in the Asset Value manner as may be specified by SEBI. NAV can be viewed on www.sbimf.com and www.amfiindia.com (NAV) Publication Monthly The Fund shall disclose the scheme’s portfolio (along with the ISIN) in the prescribed format as on the Disclosure of last day of the month for all the Schemes of SBI Mutual Fund on its website i.e. www.sbimf.com and on Schemes’ the AMFI’s website i.e. www.amfiindia.com within 10 days from the close of the month. Further, the Portfolio Statement of Scheme portfolio shall be emailed to those unitholders whose email addresses are Statement registered with the Fund within the above prescribed timeline. Further, the AMC shall provide physical copy of the statement of scheme portfolio, without charging any cost, on receipt of a specific request from the unitholder.

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Prudential The Fund shall ensure that total exposure of the Scheme, in a particular sector (excluding investments limits on in Bank CDs, TRIPARTY REPO, G-Secs, TBills, short term deposits of scheduled commercial banks and AAA portfolio rated securities issued by Public Financial Institutions and Public-Sector Banks) shall not exceed 20% of concentration the net assets of the scheme;

Annual Report Scheme wise Annual Report or an abridged summary thereof shall be provided to all unitholders within four months from the date of closure of the relevant accounts year i.e. 31st March each year as follows: 1. The Scheme wise annual report / abridged summary thereof shall be hosted on website of the Fund i.e., www.sbimf.com and on the website of AMFI i.e. www.amfiindia.com. The physical copy of the scheme-wise annual report or abridged summary shall be made available to the unitholders at the registered office of SBI Mutual Fund at all times. 2. The scheme annual report or an abridged summary thereof shall be emailed to those unitholders whose email addresses are registered with the Fund. 3. The AMC shall publish an advertisement on annual basis, in the all India edition of at least two daily newspapers, one each in English and Hindi; disclosing the hosting of the scheme wise annual report on its website viz. www.sbimf.com and on the website of AMFI i.e. www.amfiindia.com and the modes through which a written request can be submitted by the unitholder for obtaining a physical or electronic copy of the scheme-wise annual report or abridged summary. 4. The AMC shall provide physical copy of the abridged summary of the Annual report, without charging any cost, on receipt of a specific request from the unitholder. For Investor Grievances, Registrar SBI Mutual Fund please Computer Age Management Mr. Rahul Mayor Contact Services Pvt. Ltd., (Investor Relations Officer) (SEBI Registration No.: INR000002813) SBI Funds Management Pvt. Ltd. Rayala Towers 158, Anna Salai 9th Floor, Crescenzo, Chennai - 600002 C-38 & 39, G Block, Tel No.: (044) 28881101/36 Bandra Kurla Complex, Bandra (East), Fax: (044) 30407101 Mumbai – 400 051 Email: [email protected], Tel: 022- 61793537 Website: www.camsonline.com Email: [email protected]

KIM – SBI Short Term Debt Fund Page 10

In terms of SEBI Circular No. IR/MRD/DP/31/2014 dated November 12, 2014 on Consolidated Account Statement, investors having Demat account has an option to receive consolidated account statement:

• Investors having MF investments and holding securities in Demat account shall receive a single Consolidated Account Statement (CAS) from the Depository.

• In case an investor has multiple accounts across two depositories, the depository with whom the account has been opened earlier will be the default depository.

KIM – SBI Short Term Debt Fund Page 11

AUM (Rs in Folio Scheme Investment crores) (as (as on Asset Allocation Name objectives Investment Strategy on January January 31, 31, 2020) 2020) SBI Debt To provide the Investments under the • Equity and Equity 1,064.31 26,549 Hybrid investors an fund will be a mix of debt, related Instruments Fund opportunity to equity & money market (including derivatives) - 10% - 25%; invest primarily in instruments. Debt • Debt instruments Debt and Money instruments will be (including debt market invested based on derivatives) and instruments and evaluation of macro- Money Market secondarily in economic factors, market instruments (including equity and equity dynamics and issuer TRIPARTY REPO, related specific factors. Maximum Reverse repo and equivalent) - 75% instruments. exposure to equities is 90%; capped at 25% in this • Units issued by REITs scheme. and InVITs – 0% - 10%.

SBI Multi To provide the Investments under the • Equity and Equity 253.23 8,774 Asset investors an fund will be predominantly related Instruments Allocation opportunity to in a mix of debt, equity & (including derivatives) commodity instruments Fund invest in an actively - 10 %-80%; (as permitted by SEBI from • Debt instruments managed portfolio time to time). Debt (including Central and of multiple asset instruments will be State Government classes. invested based on securities, debt evaluation of macro- derivatives) and economic factors, market Money market dynamics and issuer instruments – 10% - specific factors. 80% • Gold and gold related instruments – 10% - 80% SBI Credit To provide the The scheme aims to • Debt (including 5,054.14 61,211 Risk Fund investors an generate attractive securitized debt) and opportunity to returns through high- Money market instruments – upto predominantly yielding corporate debt 100% invest in corporate securities which are • ADR/GDR/Foreign bonds rated AA or rated below the highest Securities – 0% - 25% below (excluding rating. The fund will • Units issued by REITs AA+ rated follow an active credit and InVITs – 0% - 10% corporate bonds) management strategy. so as to generate Performance will attractive returns depend on the Asset while maintaining Management moderate liquidity Company’s ability to in the portfolio accurately assess the

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AUM (Rs in Folio Scheme Investment crores) (as (as on Asset Allocation Name objectives Investment Strategy on January January 31, 31, 2020) 2020) through financial position of the investment in security issuers money market regarding paying off its securities. debt. The investments may be made in primary as well as secondary markets. The portfolio will be sufficiently diversified to minimize credit risk. The Scheme being open-ended, some portion of the portfolio will be invested in money market instruments so as to meet the liquidity requirements.

SBI Savings To provide the An open-ended debt • Money market 13,942.35 139,234 Fund investors an scheme investing in instruments including opportunity to money market CPs, CDs, Commercial Bills, T-Bills, invest in money instruments as defined Government market instruments by SEBI / RBI from time securities having an to time. The investment unexpired maturity up strategy would be to one year, call or towards generating notice money, Usance stable returns through a bills, and Non- portfolio of Money Convertible Debentures (NCDs) of Market instruments original or initial seeking to capture the maturity up to one term and credit spreads year – 0% - 100%

SBI To provide The scheme will invest • Debt instruments 9,798.93 46,504 Magnum investors an its corpus in the entire (including Central and Low opportunity to range of debt and State Government(s) Duration generate regular money market securities securities, Debt derivatives), and Fund income with in line with the Money Market reasonable degree investment objective to instruments – 0% - of liquidity through provide attractive risk- 100% investments in adjusted returns to its debt and money investors through active market management of credit

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AUM (Rs in Folio Scheme Investment crores) (as (as on Asset Allocation Name objectives Investment Strategy on January January 31, 31, 2020) 2020) instruments in risk and interest rate risk such a manner that in its portfolio. the Macaulay duration of the portfolio is between 6 months and 12 months

SBI Liquid To provide the The scheme will invest • Debt instruments 53,522.47 54,538 Fund investors an in the entire range of (including Debt opportunity to debt and money market derivatives) and invest in the entire instruments in line with Money Market instruments with a range of debt and the investment residual maturity upto money market objective to provide 91 Days only – 0% - securities with attractive risk-adjusted 100% residual maturity returns to its investors • Securitized Debt with upto 91 days only while maintaining a high a residual maturity degree of liquidity to the upto 91 Days only – 0% -20% investments.

SBI To provide returns Investment in Central • Central and State 1,917.36 15,510 Magnum to the investors and/or State Government securities, Gilt Fund generated through Government securities T-Bills – 80% - 100%; investments in are considered to be • TRIPARTY REPO, Repo and Cash – 0% - 20%; Government free of credit risk.

securities issued by However the aim of the the Central portfolio will be to make Government capital gains by actively and/or State managing interest rate Government(s). risk.

SBI To provide returns Investment in Central • Central Government 508.90 14,696 Magnum to the investors and/or State and State Government Constant generated through Government securities securities, T-Bills – 80% - 100% Maturity investments are free of credit risk. • TRIPARTY REPO, Repo Fund predominantly in However, the aim of the and Cash – 0% - 20% Government portfolio will be to make securities issued by capital gains by actively the Central managing interest rate Government risk. and/or State Government such

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AUM (Rs in Folio Scheme Investment crores) (as (as on Asset Allocation Name objectives Investment Strategy on January January 31, 31, 2020) 2020) that the Average Maturity of the portfolio is around 10 years.

SBI To provide An open ended ultra- • Debt instruments 13,665.07 36,883 Magnum investors with an short duration debt (including Central and Ultra Short opportunity to scheme investing in State Government(s) Duration generate regular instruments such that securities, Debt derivatives) and Fund income with high the Macaulay duration Money Market degree of liquidity of Portfolio is between 3 instruments - 0% - through months and 6 months. 100% investments in a The scheme will invest portfolio its corpus in the entire comprising range of debt and predominantly of money market securities debt and money in line with the market investment objective to instruments provide attractive risk- adjusted returns to its investors through active management of credit risk and interest rate risk in its portfolio.

SBI To provide the The proportion of the • Equities or equity 65.39 9,744 Magnum investors an scheme portfolio related instruments Children’s opportunity to earn invested in each type of (including derivatives) – 0% - 25% Benefit regular income security will vary in • Debt instruments Fund predominantly accordance with (including Central and through investment economic conditions, State Government(s) in debt and money interest rates, liquidity securities) and Money market instruments and other relevant market instruments and capital considerations, including (including TRIPARTY appreciation the risks associated with REPO, Reverse repo and equivalent) – 75% through an actively each investment. The - 100% managed equity scheme intends to • Securitized Debt – 0% portfolio invest upto 25% of the - 10% corpus in equity and • Units issued by REITs equity related & InvITs – 0% -10% instruments

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AUM (Rs in Folio Scheme Investment crores) (as (as on Asset Allocation Name objectives Investment Strategy on January January 31, 31, 2020) 2020)

SBI To provide The scheme will invest Debt instruments 2,757.31 36,560 Magnum investors an its corpus in the entire Medium opportunity to range of debt and • (including Central and State Duration generate money market securities Government(s) Fund attractive returns in line with the securities, debt with moderate investment objective to derivatives) and degree of liquidity provide attractive risk- Money Market through adjusted returns to its instruments -0%- investments in investors through active 100%; debt and money management of credit • Units issued by REITs and InVITs – market risk and interest rate risk 0% - 10% instruments such in its portfolio. that the Macaulay duration of the portfolio is between 3 years – 4 years.

However, there is no guarantee or assurance that the investment objective of the scheme will be achieved. The scheme doesn’t assure or guarantee any returns.

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AUM (Rs in Folio Scheme Investment crores) (as (as on Asset Allocation Name objectives Investment Strategy on January January 31, 31, 2020) 2020) SBI To provide The scheme will invest • Debt instruments 1,265.79 19,155 Magnum investors an based on a continuous (including Central and Income opportunity to evaluation of macro- State Government Fund generate regular economic factors, securities, debt income through market dynamics and derivatives) and Money investments in debt-issuer specific Market instruments – 0% debt and money factors. The scheme will - 100% market invest its corpus in the

instruments such entire range of debt and that the Macaulay money market securities • Units issued by REITs duration of the in line with the and InVITs – 0% - portfolio is investment objective to 10% between 4 years provide attractive risk- and 7 years. adjusted returns to its • Securitized Debt – investors through active 0% -20%

However, there is management of credit no guarantee or risk and interest rate risk assurance that the in its portfolio. investment objective of the scheme will be achieved. The scheme doesn’t assure or guarantee any returns.

SBI To provide the The Fund will invest in • Overnight securities 12,667.27 4,020 Overnigh investors an overnight securities to or instruments t Fund opportunity to generate returns maturing in the next business day invest in overnight corresponding to the (including TRIPARTY securities overnight rates in the REPO, Reverse Repo maturing on the money markets. and equivalent) – 0% next business day. - 100%

SBI To provide The investment strategy • Debt Instruments 1,257.86 27,233 Dynamic investors of the Scheme would be (including Central and Bond attractive returns to allocate fund corpus State Government Fund through across debt securities securities, debt derivatives) – 0%- investment in an including Central and 100%;

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AUM (Rs in Folio Scheme Investment crores) (as (as on Asset Allocation Name objectives Investment Strategy on January January 31, 31, 2020) 2020) actively managed State Government • Money Market portfolio of high securities, debt Instruments – 0% - quality debt derivatives and money 100%. securities of market instruments of • Units issued by REITs and InVITs – 0% - 10% varying various maturities on

maturities the basis of the expected interest rate scenario. Since the interest rates can be volatile at times, the fund will always endeavour to invest in highly liquid debt and money market instruments. The fund will follow an active duration management strategy as a result of which the portfolio turnover could be high.

SBI To provide SBI Dynamic Asset • Equity & Equity 663.60 21,390 Dynamic investors with an Allocation Fund related instruments Asset opportunity to endeavours to meet the including foreign Allocatio invest in a objective of this fund securities and derivatives – 0% – n Fund portfolio which is a mainly from asset 100% mix of equity and allocation between asset • Debt instruments equity related classes. This approach (including Central and securities and will help reduce the risk State Government fixed income of tracking the individual securities, debt instruments. The asset classes. Based on derivatives) & Money Market Instruments allocation historical observation, (including TRIPARTY between fixed these asset classes REPO, Reverse Repo income and equity exhibit very different risk and equivalent) - 0% – instruments will – return profile and a low 100% be managed correlation to each other. dynamically so as Both Debt and Equity to provide tend to outperform each investors with long other on a relative risk term capital adjusted basis under appreciation different market

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AUM (Rs in Folio Scheme Investment crores) (as (as on Asset Allocation Name objectives Investment Strategy on January January 31, 31, 2020) 2020) conditions. The fund strategy is based on the persistence of such outperformance over longer periods. The Scheme will allocate higher weight to the asset class that is relatively favourable under the prevailing market and economic conditions. The fund manager will aim for a superior risk adjusted returns over long time periods. The entire approach is rule based and involves a list of checklists and filters to generate buy and sell signals. The key feature of this approach is its design to buy into weakness and to sell into strength.

The optimal allocation between Equity, Debt and Cash will be based on three principles:

• Momentum

• Rate of change in momentum

• Exhaustion of momentum

1. Momentum: The model assesses the relative strength of momentum for each

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AUM (Rs in Folio Scheme Investment crores) (as (as on Asset Allocation Name objectives Investment Strategy on January January 31, 31, 2020) 2020) asset class by examining whether current prices are above or below historical moving average prices for short and medium-term periods. By using a combination of moving averages for different terms, we expect a higher stability and confidence in the momentum indicator. The asset class that shows a higher ratio between current price and the moving average price will get a higher weighting.

3. Exhaustion of momentum: A system based on momentum

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AUM (Rs in Folio Scheme Investment crores) (as (as on Asset Allocation Name objectives Investment Strategy on January January 31, 31, 2020) 2020) indicators attempt to identify a trend that is likely to persist and remain strong for a long period. However, even with very strong well- defined trends, there is likely to be a point at which the trend gets exhausted and there will be a reversal in price. The model incorporates the third and essential component of “momentum-exhaustion” which attempts to identify the price and time points at which the probability of a short- term reversal in price trend is quite high. The strategy involves tracking price behaviour and identifying price relationships that typically appear prior to and coincident with market turning points.

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AUM (Rs in Folio Scheme Investment crores) (as (as on Asset Allocation Name objectives Investment Strategy on January January 31, 31, 2020) 2020) relative strength of momentum and its rate of change for each asset class. However, given the indications of momentum exhaustion reallocation will be based on the contrary stance to the existing momentum signal. In this framework, Fund Manager will use the “momentum- exhaustion” strategy solely on the equity asset class. When either a buy or sell signal is triggered using this strategy, the weight obtained for equity using the Momentum and Rate of change framework will be over-ruled. In other words, under a “Buy” signal, the portfolio will entirely shift to the equity asset class while under the “Sell” signal, the equity weight in the portfolio will be reduced to zero. This will last as long as the buy or sell signal is active. The “momentum-exhaustion” signals will eventually get deactivated either upon realizing a pre-calculated profit target or upon reaching a stop-loss level. Buy and sell signals using the “momentum- exhaustion” strategy is

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AUM (Rs in Folio Scheme Investment crores) (as (as on Asset Allocation Name objectives Investment Strategy on January January 31, 31, 2020) 2020) triggered relatively infrequently.

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AUM (Rs in Folio Scheme Investment crores) (as (as on Asset Allocation Name objectives Investment Strategy on January January 31, 31, 2020) 2020) changes in the allocation without increasing the risk of illiquidity. The exposure to derivatives will be gradually reduced as the market retains a stable trend.

SBI The scheme seeks to An open-ended debt • Debt and money 3,714.04 11,657 Banking generate regular scheme predominantly market instruments and PSU income through a investing in debt & issued by Banks, PSUs, Fund judicious mix of money market securities PFIs and Municipal bodies – 80% - 100% portfolio comprising issued by Banks, Public • Debt instruments predominantly debt Sector Undertakings, (including Central and and money market Public Financial State Government(s) securities of Banks, Institutions and securities) and money Public Sector Municipal bodies. market instruments Undertakings, other than above – 0% -20% Public Financial Institutions and Municipal bodies.

SBI To provide the The scheme aims to • Corporate Bonds 10,675.52 128,122 Corporat investors an generate attractive rated AA+ and above e Bond opportunity to returns through high only- 80%-100% Fund predominantly quality corporate debt • Debt instruments other than above invest in corporate securities which are including Central and bonds rated AA+ rated AA+ and above. State Government (s) and above to Performance will depend dated securities and generate additional on the Asset Money market spread on part of Management Company’s instruments- 0%-20% their debt ability to accurately • Units of REITs and investments from assess the financial InVITs- 0%-10% high quality position of the security corporate debt issuers regarding paying securities while off its debt. The maintaining investments may be moderate liquidity made in primary as well in the portfolio as secondary markets. through investment The portfolio will be in money market sufficiently diversified to securities. However, minimize credit risk. The

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AUM (Rs in Folio Scheme Investment crores) (as (as on Asset Allocation Name objectives Investment Strategy on January January 31, 31, 2020) 2020) there is no Scheme being open- guarantee or ended, some portion of assurance that the the portfolio will be scheme’s objective invested in money will be achieved. market instruments to The scheme does meet the liquidity not guarantee or requirements. assure any returns.

Please refer to Common Debt KIM for guidelines, application forms and terms & conditions (including SIP, STP, SWP, Trigger, etc.)

Date: February 27, 2020

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Asset Management Company: SBI Funds Management Pvt. Ltd. (A Joint Venture between State Bank of India & AMUNDI)

KEY INFORMATION MEMORANDUM

Product Labelling

This product is suitable for investors who are seeking*: Riskometer

• Short term investment • Investments to exploit profitable arbitrage opportunities between the spot and derivative market segments to provide capital appreciation and regular income

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Continuous offer of Units at NAV related prices on ongoing basis

This Key Information Memorandum (KIM) sets forth the information, which a prospective investor ought to know before investing. For further details of the Scheme/Mutual Fund, due diligence certificate by the AMC, Key Personnel, investors’ rights & services, risk factors, penalties & pending litigations etc. Investors should, before investment, refer to the Scheme Information Document and Statement of Additional Information available free of cost at any of the SBIFMPL branches or distributors or from the website www.sbimf.com.

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Type of Scheme An open ended scheme investing in arbitrage opportunities Investment Objective The investment objective of the scheme is to provide capital appreciation and regular income for unit holders by identifying profitable arbitrage opportunities between the spot and derivative market segments as also through investment of surplus cash in debt and money market instruments. However, there can be no assurance that the investment objective of the scheme will be achieved. The scheme does not guarantee or assure any returns. Asset Allocation Under normal circumstances, the anticipated asset allocation would be: Pattern Indicative Allocation Type of instrument (% of Net Assets) Risk Profile Minimum Maximum Equity and equity related instruments 65% 85% High Derivative including Index Futures, High Stock Futures, Index Options and Stock 65% 85% Options Debt and Money market Medium to Low instruments** 15% 35%

1. The notional value exposure in derivatives would be reckoned for the purposes of the specified limit. 2. The margin money deployed on these positions would be included in the money market category. 3. Exposure to securitized debt will be not more than 10% of the net assets of the Scheme. When adequate arbitrage opportunities are not available in the Derivative and Equity markets, the anticipated alternate asset allocation on defensive considerations would be in accordance with the allocation given below. However, in case no arbitrage opportunity is available, then 100% of the remaining investible corpus (to the extent not deployed in arbitrage opportunities in the asset allocation pattern mentioned above) will be deployed in short term debt and money market instruments with tenure not exceeding 91 days (including investments in securitized debt). In this scenario also, the allocation in Equities and equity related instruments, Derivatives including index futures, stock futures, index options, and stock options, etc will continue to be made in arbitrage opportunities only

Indicative Allocation Type of instrument (% of Net Assets) Risk Profile Minimum Maximum Equity and equity related instruments 0% 65% High Derivative including Index Futures, High Stock Futures, Index Options and Stock 0% 65% Options Debt and Money market Medium to Low instruments** 0% 100%

1. The notional value exposure in derivatives would be reckoned for the purposes of the specified limit. 2. The margin money deployed on these positions would be included in the money market category. 3. Exposure to securitized debt will be not more than 10% of the net assets of the Scheme. ** Money Market Instruments will include Commercial Paper, Commercial Bills, Certificates of Deposit, Treasury Bills, Bills Rediscounting, Repos, Triparty Repo, Government securities having an unexpired maturity of less than 1 year, Call or notice money, Usance Bills and any other such short-term instruments as may be allowed under the regulations prevailing from time to time. The cumulative gross exposure through equity and equity related instruments (including derivatives), debt (including Money Market Instrument) will not exceed 100% of the net assets of the scheme. The Scheme shall invest in repo in corporate debt securities.

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For detailed asset allocation, please refer the Scheme Information Document.

Investment Strategy Market neutral trading strategy. Arbitrage opportunities arise due to market inefficiencies. Fund seeks to exploit such inefficiencies that will manifest as mis – pricing in cash (stock) and derivative markets. Fund Manager will lock into such arbitrage opportunities seeking to generate tax efficient risk free returns. Fund will not take naked exposures to stocks i.e. will not invest in stocks with a view to generate market related returns. Exposure to stocks will be offset by simultaneous equivalent exposure in derivatives. Risk Profile of the Mutual Fund Units involve investment risks including the possible loss of principal. Please read the SID Scheme carefully for details on risk factors before investment. Scheme specific risk factors are summarized below: SBI Arbitrage Opportunities Fund would be investing in equity & equity related instruments, including derivatives, debt and money market instruments. The liquidity of the scheme’s investments is inherently restricted by trading volumes and settlement periods. In the event of an inordinately large number of redemption requests, or of a restructuring of the scheme’s investment portfolio, these periods may become significant. In view of the same, the Trustees have the right in their sole discretion to limit redemptions (including suspending redemptions) under certain circumstances. The scheme shall be subject to risk associated with equity and equity related instruments, Derivative including Index Futures, Stock Futures, Index Options and Stock Options, debt and money market instruments, securitized debt and repo transactions in corporate debt securities. Besides, the scheme is also subjected to risk associated with Liquidity Risk, Settlement Risk, Stock lending risk & Regulatory Risk associated with securities as detailed in the SID. Risk Control Investments in securities carry various risks such as inability to sell securities, trading volumes and settlement periods, interest rate risk, liquidity risk, default risk, reinvestment risk etc. Whilst such risks cannot be eliminated, they may be mitigated by diversification.

In order to mitigate the various risks, the portfolio of the Scheme will be constructed in accordance with the investment restriction specified under the Regulations which would help in mitigating certain risks relating to investments in securities market. Further, the AMC has necessary framework in place for risk mitigation at an enterprise level. The Risk Management division is an independent division within the organization. Internal limits are defined and judiciously monitored. Risk indicators on various parameters are computed and are monitored on a regular basis. There is a Board level Committee, the Risk Management Committee of the Board, which enables a dedicated focus on risk factors and the relevant risk mitigants. For risk control, the following may be noted:

Interest Rate Risk: Changes in interest rates affect the prices of bonds. If interest rates rise the prices of bonds fall and vice versa. A well-diversified portfolio may help to mitigate this risk.

Credit Risks: Credit risk shall be mitigated by investing in rated papers of the companies having the sound back ground, strong fundamentals, and quality of management and financial strength of the Company.

Volatility risks: There is the risk of volatility in markets due to external factors like liquidity flows, changes in the business environment, economic policy etc. The scheme will manage volatility risk through diversification. Plans /Options The scheme would have two plans viz Direct Plan & Regular Plan. Direct Plan: Direct Plan is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual

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Fund or through Registered Investment Advisor (RIA) and is not available for investors who route their investments through a Distributor. All the features of the Direct Plan under Scheme like the investment objective, asset allocation pattern, investment strategy, risk factors, facilities offered, load structure etc. will be the same except for a lower expense ratio as detailed in Section IV – Fees and Expenses – B. – Annual Recurring Expenses of the SID. Brokerage/Commission paid to distributors will not be paid / charged under the Direct Plan. Both the plans shall have a common portfolio. Eligible investors: All categories of investors as permitted under the Scheme Information Document of the Scheme are eligible to subscribe under Direct Plan. Modes for applying: Investments under Direct Plan can be made through various modes offered by the Mutual Fund for investing directly with the Mutual Fund How to apply: Investors desirous of subscribing under Direct Plan of a Scheme will have to ensure to indicate “Direct Plan” against the Scheme name in the application form. Investors should also indicate “Direct” in the ARN column of the application form. Regular Plan This Plan is for investors who wish to route their investment through any distributor.

The default plan in following cases will be:

Broker Code mentioned by Plan mentioned by the Default Plan to be Scenario the investor investor captured

1 Not mentioned Not mentioned Direct Plan

2 Not mentioned Direct Direct Plan

3 Not mentioned Regular Direct Plan

4 Mentioned Direct Direct Plan

5 Direct Not Mentioned Direct Plan

6 Direct Regular Direct Plan

7 Mentioned Regular Regular Plan

8 Mentioned Not Mentioned Regular Plan

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Applicable NAV For subscription of below Rs. 2 lakhs - In respect of valid applications received upto 3 p.m. by the Mutual Fund at any of the OPAT of SBI Mutual Fund alongwith a local cheque or a demand draft payable at par at the place where the application is received, the closing NAV of the day on which application is received shall be applicable. In respect of valid applications received after 3 p.m. by the Mutual Fund at any of the OPAT of SBI Mutual Fund alongwith a local cheque or a demand draft payable at par at the place where the application is received, the closing NAV of the next business day shall be applicable.

For Redemptions including switch-out: In respect of valid applications received on a business day, upto the 3.00 pm by the Mutual Fund, same day’s closing NAV shall be applicable. In respect of valid applications received after the 3.00 pm by the Mutual Fund, the closing NAV of the next business day shall be applicable. Minimum Application Minimum Investment Amount : Rs. 5000/- and in multiples of Re. 1 thereafter Amount Additional Purchase Amount: Rs. 1000/- and in multiples of Re. 1 thereafter Repurchase: Rs.500/- or 1 Unit or account balance whichever is lower. Please note that as a result of redemption, if the outstanding balance amount falls below the minimum redemption amount as per the scheme features, SBIMF reserves the right to redeem the balance units at applicable repurchase price Minimum Amount of Weekly – Minimum Rs 1000 & in multiples of Re. 1 thereafter for minimum 6 weeks SIP Monthly – Minimum Rs 1000 & in multiples of Re. 1 thereafter for minimum 6 months (or) minimum Rs 500 & in multiples of Re. 1 thereafter for minimum one year Quarterly – Minimum Rs 1500 & in multiples of Re. 1 thereafter for minimum one year Semi-Annual - Minimum Rs. 3000 & in multiples of Re. 1 thereafter for minimum of 4 instalments. Annual - Minimum Rs. 5000 & in multiples of Re. 1 thereafter for minimum of 4 instalments. Despatch of Within 10 business days of the receipt of the repurchase (redemption) request at the authorized Point of Repurchase Acceptance of SBI Mutual Fund. (Redemption) request Benchmark Index Nifty 50 Arbitrage Index Dividend Policy Dividend declaration under the dividend option of the scheme is subject to the availability of distributable surplus and recommendation of the AMC, subject to approval of the trustees and no returns are assured under the schemes. Fund Manager Mr. Neeraj Kumar Mr. Rajeev Radhakrishnan is the dedicated fund manager for managing debt portion of the scheme Fund Manager – 7.6 Years. Managing since October 2012 Tenure of managing the scheme Trustee Company SBI Mutual Fund Trustee Company Private Limited Performance of the Performance of the scheme (As on April 30, 2020) Since scheme Scheme Name 1 year 3 years 5 years Inception SBI Arbitrage Opportunities Fund - Regular Plan - Growth 6.00 6.05 6.04 7.22

Benchmark: Nifty 50 Arbitrage Index 5.60 5.29 5.62 N.A.

As the scheme was launched before the launch of the benchmark index, benchmark index figures since inception or the required period are not available.

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Financial Year performance:

Schemes Portfolio Top 10 Holdings: Holding Issuer Name % of Net Asset (April 30, 2020) RELIANCE INDUSTRIES LTD. 10.62

HOUSING DEVELOPMENT FINANCE CORPORATION LTD. 6.52

STATE BANK OF INDIA 4.10

AXIS BANK LTD. 3.64

ITC LTD. 3.52

DR. REDDY'S LABORATORIES LTD. 3.46

MUTHOOT FINANCE LTD. 3.31

SUN PHARMACEUTICAL INDUSTRIES LTD. 2.52

GOVERNMENT OF INDIA 2.15

ASIAN PAINTS LTD. 1.95

Fund Allocation towards various Sectors: Sector Name % of Net Asset

FINANCIAL SERVICES 23.30

OIL & GAS 11.63

PHARMA 8.17

CONSUMER GOODS 6.94

CEMENT & CEMENT PRODUCTS 3.56

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TELECOM 2.96

IT 2.54

AUTOMOBILE 2.49

SOVEREIGN 2.15

METALS 2.05

CONSTRUCTION 1.72

SERVICES 1.45

POWER 0.80

CHEMICALS 0.64

FERTILISERS & PESTICIDES 0.49

MEDIA AND ENTERTAINMENT 0.21

HEALTHCARE SERVICES 0.18

INDUSTRIAL MANUFACTURING 0.07

Portfolio Turnover 9.80 ratio (April 30, 2020) Website link to obtain schemes latest https://www.sbimf.com/en-us/portfolios monthly portfolio holding Expenses of the scheme (i) Load Structure Entry Load : Not applicable Exit Load: For exit load within 1 month from the date of allotment – 0.25%. For exit after 1 month from the date of allotment - Nil

The AMC reserves the right to modify / change the load structure on a prospective basis.

(ii) Recurring The AMC has estimated that upto 2.25% (plus allowed under regulation 52(6A) of the daily net asset will expenses be charged to the scheme as expenses. The maximum annual recurring expenses that can be charged to the Scheme, excluding issue or redemption expenses, whether initially borne by the mutual fund or by the asset management company, but including the investment management and advisory fee shall be within the limits stated in Regulations 52 read with SEBI circular no. CIR/IMD/DF/21/2012 dated September 13, 2012. The AMC may charge the investment and advisory fees within the limits of total expenses prescribed under Regulation 52 of the SEBI (Mutual Funds) Regulations.

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These estimates have been made in good faith as per the information available to the Investment Manager based on past experience and are subject to change inter-se. Types of expenses charged shall be as per the SEBI (MF) Regulations. However, as per regulation 52 of SEBI (MF) Regulations, Maximum limit of recurring expenses under Regulation 52 are as under:

In addition to expenses as permissible under Regulation 52 (6) (c), the AMC may charge the following additional costs or expenses to the scheme:

• The goods & service tax on investment management and advisory fees would be charged in addition to above limit. • Brokerage and transaction costs which are incurred for the purpose of execution of trade and is included in the cost of investment, not exceeding 0.12 per cent in case of cash market transactions and 0.05 percent for derivative transaction. Further, In terms of SEBI circular CIR/IMD/DF/24/2012 dated November 19, 2012, It is clarified that the brokerage and transaction cost incurred for the purpose of execution of trade may be capitalized to the extent of 12bps and 5bps for cash market transactions and derivatives transactions respectively. Any payment towards brokerage and transaction cost, over and above the said 12 bps and 5bps for cash market transactions and derivatives transactions respectively may be charged to the scheme within the maximum limit of Total Expense Ratio (TER) as prescribed under regulation 52 of the SEBI (Mutual Funds) Regulations, 1996. Goods & Service tax on brokerage and transaction cost paid for execution of trade, if any, shall be within the limit prescribed under regulation 52 of the Regulations Any expenditure in excess of the said prescribed limit (including brokerage and transaction cost, if any) shall be borne by the AMC or by the trustee or sponsors. • In terms of Regulation 52 (6A) (b), expenses not exceeding of 0.30 per cent of daily net assets will be charged, if the new inflows from such cities as specified from time to time are at least – (i) 30 percent of gross new inflows in the scheme, or; (ii) 15 percent of the average assets under management (year to date) of the scheme, whichever is

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higher: Provided that if inflows from such cities is less than the higher of sub-clause (i) or sub- clause (ii), such expenses on daily net assets of the scheme shall be charged on proportionate basis: Provided further that expenses charged under this clause shall be utilised for distribution expenses incurred for bringing inflows from such cities: Provided further that amount incurred as expense on account of inflows from such cities shall be credited back to the scheme in case the said inflows are redeemed within a period of one year from the date of investment.

• Further, GST on expenses other than investment and advisory fees shall be borne by the Scheme within the maximum limit of annual recurring expenses as prescribed in Regulation 52.

Actual expenses for the previous financial year ending March 31, 2020:

Scheme Name Regular Plan Direct Plan SBI Arbitrage Opportunities 0.91% 0.46% Fund

Waiver of Load for Pursuant to SEBI Circular No. SEBI/IMD/CIR No.4/168230/09 dated June 30, 2009 no entry load shall be Direct Applications charged for all mutual fund schemes. Therefore, the procedure for waiver of load for direct applications is no longer applicable.

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2. The scheme annual report or an abridged summary thereof shall be emailed to those unitholders whose email addresses are registered with the Fund. 3. The AMC shall publish an advertisement on annual basis, in the all India edition of at least two daily newspapers, one each in English and Hindi; disclosing the hosting of the scheme wise annual report on its website viz. www.sbimf.com and on the website of AMFI i.e. www.amfiindia.com and the modes through which a written request can be submitted by the unitholder for obtaining a physical or electronic copy of the scheme-wise annual report or abridged summary. 4. The AMC shall provide physical copy of the abridged summary of the Annual report, without charging any cost, on receipt of a specific request from the unitholder. For Investor Grievances please Registrar SBI Mutual Fund Contact Computer Age Management Mr. Rahul Mayor Services Ltd., (Investor Relations Officer) (SEBI Registration No.: INR000002813) SBI Funds Management Pvt. Ltd. Rayala Towers 158, Anna Salai 9th Floor, Crescenzo, Chennai - 600002 C-38 & 39,G Block, Tel No.: (044 ) 28881101/36 Bandra Kurla Complex, Bandra (East), Fax : (044) 30407101 Mumbai – 400 051 Email: [email protected], Tel: 022- 61793537 Website: www.camsonline.com Email: [email protected]

In terms of SEBI Circular No. IR/MRD/DP/31/2014 dated November 12, 2014 on Consolidated Account Statement, investors having Demat account has an option to receive consolidated account statement:

• Investors having MF investments and holding securities in Demat account shall receive a single Consolidated Account Statement (CAS) from the Depository.

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• In case an investor has multiple accounts across two depositories, the depository with whom the account has been opened earlier will be the default depository.

How this scheme is different from the existing schemes of SBI Mutual Fund:

AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) SBI Magnum To provide The scheme is likely to • Equity and equity 2,324.01 391,717 Equity ESG Fund investors with have a comprehensive related instruments opportunities check list across of following Environmental, for long-term parameters from Social and growth in Governance, Social & Governance (ESG) capital through Environmental aspects criteria (including an active of the company’s derivatives and management management of its foreign securities)– of investments affairs. The endeavour 80% - 100% in a diversified would be to follow ‘ESG • Other equities and equity related basket of Framework’ in order to instruments - 0%- companies delve deeper into a 20% following company’s • Units issued by Environmental, management practices, REIT/InVIT - 0% - Social and culture and risk profile 10% Governance which would thereby • Debt instruments (ESG) criteria help us in (including securitized debt) -

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) understanding the 0% - 20% impact on long term • Money Market shareholders. Instruments - 0% - 20% Each security will be scored, using publicly available data, on ESG parameters which can impact or pose risks to the long-term sustainability of the business. External specialist service providers may be sought to enable this.

SBI Equity To provide The scheme will invest • Equity and equity 29,112.29 1,175,823 Hybrid Fund investors long in a diversified portfolio related instruments term capital of equities of high (including derivatives) – 65% - appreciation growth companies and 80% along with the balance the risk through • Units issued by liquidity of an investing the rest in REIT/InVIT – 0% to open-ended fixed income securities. 10% scheme by • Debt instruments investing in a (including mix of debt securitized debt) and equity. The and money market instruments – 20% scheme will to 35% invest in a diversified portfolio of equities of high

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) growth companies and balance the risk through investing the rest in fixed income securities.

SBI Large & To provide the The scheme follows a • Equity and equity 2,455.35 356,394 Midcap Fund investor with blend of growth and related instruments the value style of investing. of large cap companies opportunity of The fund will follow a (including long term combination of top derivatives) - 35% - capital down and bottom-up 65% appreciation by approach to stock- • Equity and equity investing in picking and choose related instruments diversified companies across of mid cap portfolio sectors. The scheme will companies (including comprising invest in diversified derivatives) – 35% - predominantly portfolio of large cap 65% large cap and and mid cap stocks. • Other equities and mid cap Large Cap: 1st -100th equity related companies. company in terms of full instruments – 0% - market capitalization. 30% Mid Cap:101st to 250th • Units issued by company in terms of full REIT/InVIT – 0%- 10% market capitalization. • Debt instruments The exposure to these (including will be as per securitized debt) – limits/classification 0% - 30% defined by AMFI/SEBI • Money Market from time to time Instruments – 0% - 30% SBI Magnum To provide the The fund will follow a • Equity and equity 3,509.73 426,640 Global Fund investor with bottom-up approach to related companies the stock-picking and within MNC space including opportunity of choose companies derivatives and long term across sectors/market foreign securities – capital capitalization which fall 80-100% appreciation by under the criteria of • Other equities and investing in MNC. MNC Companies equity related diversified will be those: 1. Major instruments – 0% - portfolio Shareholding is by 20% comprising foreign entity, 2. Indian • Units issued by REIT/InVIT – 0% - primarily of companies having over 10%

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) MNC 50% turnover from • Debt instruments companies regions outside India, 3. (including Foreign listed securitized debt) – Companies 0% - 20% • Money Market Instruments – 0% - 20% SBI Technology To provide the The fund will follow a • Equities and equity 157.25 29,368 Opportunities investor with bottom-up approach to related securities in Fund the stock-picking and technology and opportunity of choose companies technology related securities (including long term which are expected to derivatives and capital derive benefit from foreign securities) – appreciation by development, use and 80%-100% investing in a advancement of • Other equities and diversified technology. These will equity related portfolio of predominantly include instruments – 0% - 20% equity and companies in the • Units issued by equity related following industries: REIT/InVIT – 0%- securities in Technology services, 10% technology and including IT • Debt instruments technology management, software, (including related Data and IT securitized debt) – companies. Infrastructure services 0% - 20% including Cloud • Money Market Instruments – 0%- computing, mobile 20% computing infrastructure Internet technology enabled services including e- commerce, technology platforms, IoT (Internet of Things) and other online services Electronic technology, including computers, computer products, and electronic components

Telecommunications, including networking, wireless, and wireline services, equipment and support; Media and information services, including the distribution of

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) information and content providers IT products, hardware and components like PCs, Laptops, Servers, Chips, Semi-conductors etc.

SBI Healthcare To provide the The fund will follow a • Equities and equity 1,116.48 89,337 Opportunities investors with bottom-up approach to related securities in Fund the stock-picking and Healthcare space (including opportunity of choose companies derivatives and long term within the healthcare foreign securities) – capital space. The scheme will 80%-100% appreciation by invest in stocks of • Other equities and investing in a companies engaged in: equity related diversified instruments – 0%- portfolio of 1. Pharmaceuticals 20% 2. Hospitals equity and • Units issued by 3. Medical Equipment REIT/InVIT – 0% - equity related 4. Healthcare service 10% securities in providers • Debt instruments Healthcare 5. Biotechnology (including space securitized debt) – 0% to 20% • Money Market Instruments – 0% - 20% SBI Focused To provide the The fund will follow a • Equity and equity 7,978.23 718,854 Equity Fund investor with bottom-up approach to related instruments the stock-picking and invest including opportunity of in companies across derivatives – 65% - 100% long term market capitalization • Units issued by capital and sectors. The fund REIT/InVIT – 0% - appreciation by will take high conviction 10% investing in a bets and the total • Debt instruments concentrated number of securities (including portfolio of would be equal to or securitized debt) – equity and under 30. 0% - 35% • Money Market equity related Instruments – 0% - securities 35%

SBI Equity to provide long The scheme will • Equity and equity 44.96 3,433 Minimum term capital invest in related instruments Variance Fund appreciation by companies including derivatives – 90% - investing in a forming a part of 100% Nifty 50 Index, diversified • Debt and money basket of weighting the market instrument companies in stocks with the including units of

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) Nifty 50 Index endeavor to mutual fund - 0% - while aiming for minimise the 10% minimizing the variance of the portfolio portfolio. volatility.

SBI BlueChip To provide The scheme follows a • Equity and equity 19,795.44 2,023,952 Fund investors with blend of growth and related instruments opportunities value style of investing. of large cap companies* for long-term The scheme will follow a (including growth in combination of top Derivatives) – 80% – capital through down and bottom-up 100% an active approach to stock- • Other equities and management picking and choose equity related of investments companies across instruments – 0% - in a diversified sectors. The scheme will 20% basket of large predominantly invest in • Units issued by REIT/InVIT – 0% - cap equity diversified portfolio of 10% stocks (as large cap stocks. Large • Debt instruments specified by Cap Stocks are – 1st - (including SEBI/AMFI 100th company in terms securitized debt) – from time to of full market 0% -20% time). capitalization. This will • Money Market be in line with Instruments – 0% - 20% limits/classification defined by AMFI/SEBI from time to time.

SBI Magnum To provide The scheme follows a • Equity and equity 2,944.46 430,961 Midcap Fund investors with blend of growth and related instruments opportunities value style of investing. of midcap The fund will follow a for long-term companies bottom-up approach to (including growth in stock-picking and derivatives) – 65%- capital along choose companies 100% with the across sectors. The • Other equities and liquidity of an scheme will invest equity related open-ended predominantly in instruments – 0- scheme by diversified portfolio of 35% mid cap stocks. Mid Cap investing • Units issued by means:101st to 250th REIT/InVIT – 0% - predominantly company in terms of full 10% in a well market capitalization. • Debt instruments diversified The exposure will be as (including basket of per limits/classification securitized debt) – equity stocks defined by AMFI/SEBI 0% - 35% of Midcap from time to time. • Money Market Instruments – 0% - 35%

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) companies.

SBI Magnum To generate The scheme would at all • Equity and equity 207.20 47,469 Comma Fund opportunities times have an exposure related securities of for growth of atleast 80% of its commodity and related companies along with investments in stocks of (including foreign possibility of companies engaged in securities)– 80% - consistent the commodity and 100% returns by commodity related • Other equities and investing businesses (derived equity related predominantly from commodities). The instruments – 0%- in a portfolio of scheme could invest in 20% stocks of companies providing • Units issued by REIT/InVIT – 0% - companies inputs to commodity 10% engaged in the manufacturing • Debt instruments commodity companies. (including and securitized debt) – commodity The scheme will invest 0% - 20% related in stocks of companies • Money Market businesses. engaged in: Instruments – 0% - 20% 1. Oil & Gas (Petrochemicals, Power, and Gas etc.), 2. Metals (Zinc, Copper, Aluminum, Bullion, and Silver etc.), 3. Materials (Paper, jute, cement etc.) Agriculture (Sugar, Edible Oil, Soya, Tea and Tobacco etc.), 4. Textiles 5. Tea & Coffee SBI Magnum To provide The scheme will follow a • Equity and equity 7,920.23 770,041 Multicap Fund investors with bottom-up approach to related instruments opportunities stock-picking and (including for long-term choose companies derivatives)– 65% - growth in across sectors/styles. 100% capital along The scheme will invest • Units issued by with the in diversified portfolio of REIT/InVIT – 0% - liquidity of an stocks across market 10% open-ended capitalization. Large Cap • Debt instruments scheme Stocks – 1st -100th (including through an company in terms of full securitized debt) – active market capitalization. 0% - 35% management Mid Cap:101st to 250th • Money Market of investments company in terms of full Instruments – 0% -

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) in a diversified market capitalization. 35% basket of Small Cap: 251st equity stocks company onwards in spanning the terms of full market entire market capitalization. The capitalization exposure across these spectrum and stocks will be in line in debt and with limits/classification money market defined by AMFI/SEBI instruments. from time to time

SBI To provide The scheme will be • Equity and equity 387.20 138,941 Infrastructure investors with positioned as a sectoral related securities of Fund opportunities fund and not as a companies in infrastructure for long-term diversified equity fund. sector (including growth in The scheme will invest foreign securities*) capital through in companies broadly – 80% - 100% an active within the following • Other equities and management areas/sectors of the equity related of investments economy namely – 1. instruments – 0% - in a diversified Airports 2. Banks, 20% basket of Financial Institutions, • Units issued by REIT/InVIT – 0% - equity stocks Term lending 10% of companies Institutions and NBFCs • Debt instruments directly or 3. Cement & Cement (including indirectly Products 4. Coal 5. securitized debt) – involved in the Construction 6. Electrical 0% - 20% infrastructure & Electronic • Money Market growth in the components 7. Instruments – 0% - 20% Indian Engineering 8. Energy

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) Industrial Manufacturing 19. Logistic Service provider SBI PSU Fund To provide The primary strategy of • Equities of PSU 149.31 33,999 investors with the scheme would be to companies and their opportunities invest in the stocks of subsidiaries for long-term the PSU companies and (including derivatives) – 80% - growth in their subsidiaries. The 100% capital along scheme may invest in • Other equities and with the quasi PSUs /subsidiaries equity related liquidity of an of PSUs: 1. which could instruments – 0% - open-ended be part of PSU index 2. 20% scheme defined by management • Units issued by through an control or ability to REIT/InVIT – 0% - 10% active appoint key managerial • Debt instruments management personnel and not (including of investments necessarily by equity securitized debt) – in a diversified stake of 51% (but 0% - 20% basket of minimum PSU/ Central • Money Market equity stocks govt / state govt stake Instruments – 0% - of domestic of 35% and highest 20%

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) prescribed/ available from time to time.

SBI Small Cap To provide The scheme follows a • Equity and equity 3,290.53 764,851 Fund investors with blend of growth and related instruments opportunities value style of investing. of small cap companies for long-term The scheme will follow a (including growth in bottom-up approach to derivatives) – 65% - capital along stock-picking and 100% with the choose companies • Other equities and liquidity of an within the small cap equity related open-ended space. Small Cap means: instruments – 0% - scheme by 251st company onwards 35% investing in terms of full market • Units issued by REIT/InVIT – 0% - predominantly capitalization. The 10% in a well- exposure will be as per • Debt instruments diversified limits/classification (including basket of defined by AMFI/SEBI securitized debt) – equity stocks from time to time 0% - 35% of small cap • Money Market companies. Instruments – 0% - 35% SBI Banking The investment The Scheme aims to • Equity and equity 1,267.96 208,459 and Financial objective of maximize long-term related securities of Services Fund the scheme is capital appreciation by companies engaged in banking & to generate investing primarily in financial services - long-term equity and equity 80% - 100% capital related securities of • Other equities and appreciation to companies engaged in equity related unit holders Banking and Financial instruments – 0% - from a services. The portfolio 20% portfolio that is manager will adopt an • Units issued by invested active management REIT/InVIT – 0% - 10% predominantly style to optimize • Debt instruments in equity and returns. The scheme (including equity related would invest in Banks as securitized debt) – securities of well as Non-banking 0% - 20% companies Financial Services • Money Market engaged in companies, Insurance Instruments – 0% - banking and companies, Rating 20% financial agencies, Broking services. companies, Microfinance However, companies, Housing there can be Finance, Wealth no assurance Management, Stock/

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) that the commodities exchange investment etc. objective of the Scheme Financial services will be realized. companies are firms that are engaged in providing non-banking financial services to customers. The classification of Financial service companies will be largely guided by AMFI sector classification. The indicative list of industry under financial services includes:

• Housing Finance • Micro Finance • Stock broking & Allied • Wealth Management • Rating Agencies • Asset Management Companies • Insurance Companies • Stock/ Commodities Exchange • Other NBFC’s • Any other company which may derive 70% or more of its revenue from companies engaged in financial services SBI Equity The investment The net assets of the A) Asset allocation 1,352.41 40,307 Savings Fund objective of the Scheme are invested under normal scheme is to primarily into equity circumstances: • Equity and Equity generate and equity related related income by instruments including Instruments investing in equity derivatives. The including arbitrage Scheme invests rest of derivatives - 65% opportunities in the assets into debt - 90% the cash and and money market derivatives instruments for Out of which: segment of the liquidity and regular - Cash future equity market, income. The expected arbitrage: 15%- 70%;

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) and capital returns from this - Net long equity appreciation Scheme can be exposure: 20%- through a attributed to the 50%

moderate following return • Debt and Money exposure in drivers: Market equity. ■ Cash and Futures Instruments Equity Arbitrage: The (including margin However, scheme endeavors to for derivatives) – there is no achieve its primary 10% - 35% guarantee or objective of generating • Units issued by assurance that income by exploitation REITs & InvITs – 0% - 10% the investment of arbitrage

objective of opportunities in B) Asset Allocation the scheme equities market. will be when adequate ■ Net Long Equity: The arbitrage achieved. Scheme may take opportunities are limited long only not available in exposures to equity the Derivative and stocks in order to Equity markets,

generate market The alternate asset related returns. allocation on ■ Debt and Money defensive Market Instruments: considerations would The Scheme may invest be in as per the upto 35% of the net allocation given assets of the Scheme below: into debt and money market instruments. • Equity and Equity This portion of the related scheme assets is Instruments discretionary to provide including liquidity into the derivatives - 30% - 70% scheme, management

of derivative margins and accrual of regular Out of which: income.

- Cash future arbitrage: 0%- 45%; - Net long equity exposure: 20%- 50% • Debt and Money Market Instruments

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) (including margin for derivatives) – 30% - 70% • Units issued by REITs & InvITs – 0% - 10% SBI Nifty Index The scheme The scheme will adopt a Stocks comprising the 793.05 34,955 Fund will adopt a passive investment Nifty 50 Index – 95% - passive strategy. The scheme 100% investment will invest in stocks strategy. The comprising the Nifty 50 Cash and Money scheme will index in the same Market Instruments – invest in stocks proportion as in the 0% - 5% comprising the index with the objective

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) addition, deletion etc. The fund manager’s endeavour would be to rebalance the portfolio in order to mirror the index; however, there may be a short period where the constituents of the portfolio may differ from that of the underlying index.

These investments which fall outside the underlying index as mentioned above shall be rebalanced within a period of 30 days.

SBI Contra Fund To provide the The fund will follow a • Equity and equity 1,043.94 249,503 investor with combination of top- related instruments the down and bottom-up of companies which follow the opportunity of approach to stock- contrarian long term picking and choose investment theme capital companies within the (including appreciation by contrarian investment derivatives) – 65%- investing in a theme. 100% diversified • Other equities and portfolio of equity related instruments – 0%- equity and 35% equity related • Units issued by securities REIT/InVIT – 0%- following a 10% contrarian • Debt instruments investment (including strategy. securitized debt) – 0%-35% • Money Market Instruments – 0% - 35% The prime Fund will be investing in Equities, 6,219.14 1,188,643 SBI Long Term objective of equity & equity related Cumulative Equity Fund scheme is to instruments as also debt Convertible (previously deliver the instruments, and money Preference Shares, known as SBI benefit of market instruments and Fully Convertible Magnum investment in a (such as money market, Debentures (FCDs) & Taxgain Scheme) portfolio of term/notice money Bonds – 80 -100% equity shares, market, repos, reverse Money Market

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) while offering repos and any Instruments – 0% - deduction on alternative to the call 20% such money market as may investment be directed by the RBI). made in the Investment shall also be scheme under made in Partly section 80C of Convertible Debentures the Income-tax (PCDs) and bonds Act, 1961. It including those issued also seeks to on rights basis subject to distribute the condition that as far income as possible the non- periodically convertible portion of depending on the debentures so distributable acquired or subscribed surplus. shall be divested within Investments in a period of 12 months. this scheme The balance funds shall would be be invested in short subject to a term money market statutory lock- instruments or other in of 3 years liquid instruments or from the date both. of allotment to In line with CBDT avail Section guidelines, the Fund will 80C benefits. invest at least 80% of the net assets in equity and equity related instruments. SBI To provide the The fund will follow a • Equities and equity 526.55 72,000 Consumption investor with bottom-up approach to related securities in Opportunities the stock-picking and Consumption sector Fund opportunity of choose companies (including long term derivatives and within the Consumption capital foreign securities) – appreciation by space. The scheme will 80%-100% investing in a invest in stocks of • Other equities and diversified companies engaged in: equity related portfolio of instruments – 0%- equity and 1. Consumer durables 20% equity related 2. Consumer non- • Units issued by securities in durables REIT/InVIT – 0% - Consumption 3. Retail 10% space. 4. Textiles • Debt instruments 5. Auto OEM’s (including 6. Media & securitized debt) – entertainment 0% -20% 7. Hotels, resorts & Money Market travel services. Instruments – 0% - 8. Education services 20% 9. Airlines 10. E-commerce

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) Consumer transportation & logistics services.

Please refer to Common Equity KIM for guidelines, application forms and terms & conditions (including SIP, STP, SWP, Trigger, etc.)

Date: May 14, 2020

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Asset Management Company: SBI Funds Management Pvt. Ltd. (A Joint Venture between State Bank of India & AMUNDI)

KEY INFORMATION MEMORANDUM

Product Labelling

This product is suitable for investors who are seeking*:

 Long term capital appreciation  Investment in equity and equity-related instruments of large cap companies

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Continuous offer of Units at NAV related prices on ongoing basis

This Key Information Memorandum (KIM) sets forth the information, which a prospective investor ought to know before investing. For further details of the Scheme/Mutual Fund, due diligence certificate by the AMC, Key Personnel, investors’ rights & services, risk factors, penalties & pending litigations etc. Investors should, before investment, refer to the Scheme Information Document and Statement of Additional Information available free of cost at any of the SBIFMPL branches or distributors or from the website www.sbimf.com.

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Type of Scheme An open ended equity scheme predominantly investing in large cap stocks Investment Objective The investment objective of the scheme is to provide investors with opportunities for long-term growth in capital through an active management of investments in a diversified basket of large cap equity stocks (as specified by SEBI/AMFI from time to time). However, there can be no assurance that the investment objective of the scheme will be achieved. The scheme does not guarantee or assure any returns.

Asset Allocation Asset Allocation Pattern of the Scheme Indicative Allocation Risk Pattern Instruments (% of total assets) Profile Equity and Equity related Instruments of large cap 80%-100% High companies*(including Derivatives) Other equities and equity related 0%-20% High instruments Medium Units issued by REIT/InVIT^ 0%-10% to High Debt instruments (including 0%-20% Medium securitized debt) Money market instruments 0%-20% Low

• The scheme may engage in stock lending - upto 20% of the net assets of the scheme. • Exposure to derivatives instruments to the extent of 50% of the Net Assets as permitted by SEBI • The Scheme may seek investment opportunities in foreign securities including ADRs / GDRs / Foreign equity and debt securities subject to the Regulations. Such investment shall not exceed 20% of the net assets of the Scheme. • The scheme may invest in mutual fund units as permissible. • The Scheme may invest in repo in corporate debt. *Large Cap Stocks – 1st -100th company in terms of full market capitalization. This will be in line with limits/classification defined by AMFI/SEBI from time to time Other equities could include mid and small cap stocks. Mid Cap:101st to 250th company in terms of full market capitalization. Small Cap: 251st company onwards in terms of full market capitalization. The exposure across these stocks will be in line with limits/classification defined by AMFI/SEBI from time to time. ^The exposure will be in line with SEBI/AMFI limits specified from time to time For detailed asset allocation, please refer to the Scheme Information Document.

Investment Strategy The scheme follows a blend of growth and value style of investing. The scheme will follow a combination of top down and bottom-up approach to stock-picking and choose companies across sectors. The scheme will predominantly invest in diversified portfolio of large cap stocks. Large Cap Stocks are – 1st -100th company in terms of full market capitalization. This will be in line with limits/classification defined by AMFI/SEBI from time to time. Risk Profile of the Mutual Fund Units involve investment risks including the possible loss of principal. Please read the SID Scheme carefully for details on risk factors before investment. Scheme specific risk factors are summarized below: SBI Blue Chip Fund would be investing in Equity and equity related instruments of large cap companies (including Derivatives), Other equities and equity related instruments, Units issued by REIT/InVIT, Foreign securities, Debt instruments (including securitized debt) & Money Market Instruments. The liquidity of the scheme’s investments is inherently restricted by trading volumes and settlement periods. In the event of an inordinately large number of redemption requests, or of a restructuring of the scheme’s investment portfolio, these periods may become significant. In view of the same, the Trustees have the right in their sole discretion to limit redemptions (including suspending redemptions) under certain circumstances. The scheme shall be subject to risk associated with equity and equity related instruments, REITs/InVIT, debt and money market instruments, securitized debt, derivatives, foreign securities and repo transactions in corporate debt securities. Besides, the scheme is also subjected to risk associated with

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Liquidity Risk, Settlement Risk, Stock lending risk & Regulatory Risk associated with securities as detailed in the SID. Risk Control Investments in Equity and equity related instruments including derivatives, debt and money market instruments carry various risks such as inability to sell securities, trading volumes and settlement periods, market risk, interest rate risk, liquidity risk, default risk, reinvestment risk etc. Whilst such risks cannot be eliminated, they may be mitigated by diversification and hedging.

Further, the AMC has necessary framework in place for risk mitigation at an enterprise level. The Risk Management division is an independent division within the organization. Internal limits are defined and judiciously monitored. Risk indicators on various parameters are computed and are monitored on a regular basis. There is a Board level Committee, the Risk Management Committee of the Board, which enables a dedicated focus on risk factors and the relevant risk mitigates.

For risk control, the following may be noted:

Interest Rate Risk: Changes in interest rates affect the prices of bonds. If interest rates rise the prices of bonds fall and vice versa. A well-diversified portfolio may help to mitigate this risk.

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The default plan in following cases will be:

Broker Code mentioned by Plan mentioned by the Scenario Default Plan to be captured the investor investor

1 Not mentioned Not mentioned Direct Plan

2 Not mentioned Direct Direct Plan

3 Not mentioned Regular Direct Plan

4 Mentioned Direct Direct Plan

5 Direct Not Mentioned Direct Plan

6 Direct Regular Direct Plan

7 Mentioned Regular Regular Plan

8 Mentioned Not Mentioned Regular Plan

Applicable NAV For subscription of below Rs. 2 lakhs - In respect of valid applications received upto 3 p.m. by the Mutual Fund at any of the OPAT of SBI Mutual Fund alongwith a local cheque or a demand draft payable at par at the place where the application is received, the closing NAV of the day on which application is received shall be applicable. In respect of valid applications received after 3 p.m. by the Mutual Fund at any of the OPAT of SBI Mutual Fund alongwith a local cheque or a demand draft payable at par at the place where the application is received, the closing NAV of the next business day shall be applicable.

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For Redemptions including switch-out: In respect of valid applications received on a business day, upto the 3.00 pm by the Mutual Fund, same day’s closing NAV shall be applicable. In respect of valid applications received after the 3.00 pm by the Mutual Fund, the closing NAV of the next business day shall be applicable. Minimum Application Minimum Investment Amount: Rs. 5000/- and in multiples of Re. 1 thereafter Amount Additional Purchase Amount: Rs. 1000/- and in multiples of Re. 1 thereafter Repurchase: Rs.500/- or 1 Unit or account balance whichever is lower. Please note that as a result of redemption, if the outstanding balance amount falls below the minimum redemption amount as per the scheme features, SBIMF reserves the right to redeem the balance units at applicable repurchase price Minimum Amount of Weekly – Minimum Rs 1000 & in multiples of Re. 1 thereafter for minimum 6 weeks SIP Monthly – Minimum Rs 1000 & in multiples of Re. 1 thereafter for minimum 6 months (or) minimum Rs 500 & in multiples of Re. 1 thereafter for minimum one year Quarterly – Minimum Rs 1500 & in multiples of Re. 1 thereafter for minimum one year Semi-Annual - Minimum Rs. 3000 & in multiples of Re. 1 thereafter for minimum of 4 instalments. Annual - Minimum Rs. 5000 & in multiples of Re. 1 thereafter for minimum of 4 instalments. Despatch of Within 10 business days of the receipt of the repurchase (redemption) request at the authorized Point of Repurchase Acceptance of SBI Mutual Fund. (Redemption) request Benchmark Index S&P BSE 100 TRI Dividend Policy Dividend declaration under the dividend option of the scheme is subject to the availability of distributable surplus and recommendation of the AMC, subject to approval of the trustees and no returns are assured under the schemes. Fund Manager Ms. Sohini Andani Mr. Mohit Jain is the dedicated fund manager for managing overseas investments of the scheme Fund Manager – Tenure 9.6 Years. Managing since September 2010. of managing the scheme Trustee Company SBI Mutual Fund Trustee Company Private Limited Performance of the Performance of the scheme (As on April 30, 2020) scheme Scheme Name 1 year 3 years 5 years Since Inception SBI Blue Chip Fund - Regular Plan – Growth -13.90 -0.49 4.26 8.98

Benchmark: S&P BSE 100 TRI -14.93 2.31 5.08 10.00

As scheme benchmark TRI data is not available since inception of the scheme, benchmark performance is calculated using composite CAGR of S&P BSE 100 PRI values from 14-Feb-06 to 31-Jul-06 and TRI values since 01-Aug-06.

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Financial Year performance:

Financial Year Wise returns 30 20 10 0

Returns (%) Returns -10 -20 -30 2015-16 2016-17 2017-18 2018-19 2019-20 Financial year

SBI Blue Chip Fund-Reg-Growth S&P BSE 100 TRI

Schemes Portfolio Top 10 Holdings: Holding Issuer Name % of Net Asset (April 30, 2020) HDFC BANK LTD. 9.50 ICICI BANK LTD. 6.18 RELIANCE INDUSTRIES LTD. 4.96 DIVI'S LABORATORIES LTD. 4.26 NESTLE INDIA LTD. 4.16 ITC LTD. 4.07 HOUSING DEVELOPMENT FINANCE CORPORATION LTD. 3.69 KOTAK MAHINDRA BANK LTD. 3.51 LARSEN & TOUBRO LTD. 3.43 HCL TECHNOLOGIES LTD. 3.34

Fund Allocation towards various Sectors: Sector Name % of Net Asset FINANCIAL SERVICES 36.71 CONSUMER GOODS 10.61 OIL & GAS 7.96 AUTOMOBILE 7.72 PHARMA 6.83 IT 6.12 CONSTRUCTION 5.62 CEMENT & CEMENT PRODUCTS 4.14 INDUSTRIAL MANUFACTURING 3.06 POWER 1.85 TELECOM 1.64

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FERTILISERS & PESTICIDES 1.46 METALS 1.09

Portfolio Turnover 0.70 ratio (April 30, 2020) Website link to obtain https://www.sbimf.com/en-us/portfolios schemes latest monthly portfolio holdings Expenses of the scheme (i) Load Structure Entry Load: Not applicable Exit Load: For exit within 1 year from the date of allotment - 1%; For exit after 1 year from the date of allotment - Nil. The AMC reserves the right to modify / change the load structure on a prospective basis.

(ii) Recurring expenses The AMC has estimated that upto 2.25% (plus allowed under regulation 52(6A)) of the daily net asset will be charged to the scheme as expenses. The maximum annual recurring expenses that can be charged to the Scheme, excluding issue or redemption expenses, whether initially borne by the mutual fund or by the asset management company, but including the investment management and advisory fee shall be within the limits stated in Regulations 52 read with SEBI circular no. CIR/IMD/DF/21/2012 dated September 13, 2012. The AMC may charge the investment and advisory fees within the limits of total expenses prescribed under Regulation 52 of the SEBI (Mutual Funds) Regulations.

These estimates have been made in good faith as per the information available to the Investment Manager based on past experience and are subject to change inter-se. Types of expenses charged shall be as per the SEBI (MF) Regulations. However, as per regulation 52 of SEBI (MF) Regulations, Maximum limit of recurring expenses under Regulation 52 are as under:

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Provided that if inflows from such cities is less than the higher of sub-clause (i) or subclause (ii), such expenses on daily net assets of the scheme shall be charged on proportionate basis:

Provided further that expenses charged under this clause shall be utilised for distribution expenses incurred for bringing inflows from such cities:

The Mutual Fund would update the current expense ratios on its website within three working days mentioning the effective date of the change. Investors can refer https://www.sbimf.com/enus/disclosure/total-expense-ratio-of-mutual-fund-schemes for Total Expense Ratio (TER) details. The additional TER in terms of Regulation 52(6A)(b) of SEBI (Mutual Funds) Regulations, 1996 shall be charged based on inflows from Retail Investors from beyond top 30 cities (B-30 cities). Accordingly, the inflows of amount upto Rs 2,00,000/- per transaction, by individual investors shall be considered as inflows from “Retail Investors”. Actual expenses for the previous financial year ending March 31, 2020: Scheme Name Regular Plan Direct Plan SBI Blue Chip Fund 1.85% 1.06%

Waiver of Load for Pursuant to SEBI Circular No. SEBI/IMD/CIR No.4/168230/09 dated June 30, 2009 no entry load shall be Direct Applications charged for all mutual fund schemes. Therefore, the procedure for waiver of load for direct applications is no longer applicable.

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Tax treatment for the Investors will be advised to refer to the details in the Statement of Additional Information & also Investors independently refer to their tax advisor. Daily Net Asset Value The NAV will be declared on all business days and shall be computed on daily basis and shall be disclosed (NAV) in the manner as be specified by the SEBI. NAV can also be viewed on www.sbimf.com and Publication www.amfiindia.com. Monthly Disclosure of The fund shall disclose the scheme’s portfolio in the prescribed format along with the ISIN as on the last Schemes’ Portfolio day of the month for all the Schemes of SBI Mutual Fund on its website www.sbimf.com within 10 days Statement from the close of the month. The Fund shall also email within the stipulated time frame, the monthly portfolio to the unitholders whose email address is registered with the Fund. Annual Report Scheme wise Annual Report or an abridged summary thereof shall be provided to all unitholders within four months from the date of closure of the relevant accounts year i.e. 31st March each year as follows: 1. The Scheme wise annual report / abridged summary thereof shall be hosted on website of the Fund i.e., www.sbimf.com and on the website of AMFI i.e. www.amfiindia.com. The physical copy of the scheme-wise annual report or abridged summary shall be made available to the unitholders at the registered office of SBI Mutual Fund at all times. 2. The scheme annual report or an abridged summary thereof shall be emailed to those unitholders whose email addresses are registered with the Fund. 3. The AMC shall publish an advertisement on annual basis, in the all India edition of at least two daily newspapers, one each in English and Hindi; disclosing the hosting of the scheme wise annual report on its website viz. www.sbimf.com and on the website of AMFI i.e. www. amfiindia.com and the modes through which a written request can be submitted by the unitholder for obtaining a physical or electronic copy of the scheme-wise annual report or abridged summary. 4. The AMC shall provide physical copy of the abridged summary of the Annual report, without charging any cost, on receipt of a specific request from the unitholder.

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In terms of SEBI Circular No. IR/MRD/DP/31/2014 dated November 12, 2014 on Consolidated Account Statement, investors having Demat account has an option to receive consolidated account statement:

• Investors having MF investments and holding securities in Demat account shall receive a single Consolidated Account Statement (CAS) from the Depository.

• In case an investor has multiple accounts across two depositories, the depository with whom the account has been opened earlier will be the default depository. The half yearly portfolio of scheme (along with the ISIN) shall be disclosed within 10 days from close of each half year on the Website of the Mutual Fund (www.sbimf.com) and on the Website of AMFI (www.amfiindia.com). Also, the Fund shall email the half yearly portfolio to the unitholders whose email address is registered with the Fund within 10 days from close of each half year. The AMC shall publish an advertisement in all India edition of at least two daily newspapers, one each in English and Hindi, every half year disclosing the hosting of the half-yearly statement of the schemes portfolio on the Website of the Mutual Fund and on the Website of AMFI and shall also specify the modes through which a written request can be submitted by the unitholder for obtaining a copy of the statement of scheme portfolio. Further, before expiry of one month from the close of each half year i.e. on March 31 or September 30, the Fund shall host a soft copy of half – yearly unaudited financial results on the website of the Fund and that of AMFI. A notice shall be published disclosing the hosting of such financial results on the website of the mutual fund, in atleast one English daily newspaper having nationwide circulation and in a newspaper having wide circulation published in the language of the region where the Head Office of the mutual fund is situated.

Note - For further details of the Scheme, investors are requested to refer Scheme Information Document

How this scheme is different from the existing schemes of SBI Mutual Fund:

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) opportunities list across parameters following for long-term from Governance, Environmental, growth in Social & Social and Governance (ESG) capital Environmental criteria (including through an aspects of the derivatives and active company’s foreign management management of its securities)– 80% - of affairs. The 100% investments endeavour would be  Other equities in a to follow ‘ESG and equity related instruments - 0%- diversified Framework’ in order 20% basket of to delve deeper into a  Units issued by companies company’s REIT/InVIT - 0% - following management 10% Environment practices, culture and  Debt instruments al, Social and risk profile which (including Governance would thereby help securitized debt) - 0% - 20% (ESG) criteria us in understanding  Money Market the impact on long Instruments - 0% - term shareholders. 20% Each security will be scored, using publicly available data, on ESG parameters which can impact or pose risks to the long-term sustainability of the business. External specialist service providers may be sought to enable this.

Active weights of a security will be determined by the ESG scores. A positive score will enable a positive active weight, and vice- versa. For securities lacking data, the

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) portfolio manager will look to engage with the company. Active weights may be capped to zero.

SBI Equity To provide The scheme will  Equity and equity 29,112.29 1,175,823 Hybrid Fund investors long invest in a diversified related term capital portfolio of equities instruments (including appreciation of high growth derivatives) – 65% along with companies and - 80% the liquidity balance the risk  Units issued by of an open- through investing the REIT/InVIT – 0% to ended rest in fixed income 10% scheme by securities.  Debt instruments investing in a (including mix of debt securitized debt) and money and equity. market The scheme instruments – will invest in a 20% to 35% diversified portfolio of equities of high growth companies and balance the risk through investing the rest in fixed income securities.

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) portfolio companies across instruments of comprising sectors. The scheme mid cap predominantl will invest in companies (including y large cap diversified portfolio of derivatives) – 35% and mid cap large cap and mid cap - 65% companies. stocks. Large Cap: 1st  Other equities -100th company in and equity related terms of full market instruments – 0% capitalization. Mid - 30% Cap:101st to 250th  Units issued by REIT/InVIT – 0%- company in terms of 10% full market  Debt instruments capitalization. The (including exposure to these will securitized debt) be as per – 0% - 30% limits/classification  Money Market defined by AMFI/SEBI Instruments – 0% from time to time - 30%

SBI Magnum To provide The fund will follow a  Equity and equity 3,509.73 426,640 Global Fund the investor bottom-up approach related with the to stock-picking and companies within MNC space opportunity choose companies including of long term across sectors/market derivatives and capital capitalization which foreign securities appreciation fall under the criteria – 80-100% by investing of MNC. MNC  Other equities in diversified Companies will be and equity related portfolio those: 1. Major instruments – 0% - 20% comprising Shareholding is by  Units issued by primarily of foreign entity, 2. REIT/InVIT – 0% - MNC Indian companies 10% companies having over 50%  Debt instruments turnover from regions (including outside India, 3. securitized debt) Foreign listed – 0% - 20% Companies  Money Market Instruments – 0% - 20%

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) SBI Technology To provide The fund will follow a  Equities and 157.25 29,368 Opportunities the investor bottom-up approach equity related Fund with the to stock-picking and securities in technology and opportunity choose companies technology of long term which are expected to related securities capital derive benefit from (including appreciation development, use and derivatives and by investing advancement of foreign securities) in a technology. These will – 80%-100% diversified predominantly  Other equities and equity related portfolio of include companies in instruments – 0% equity and the following -20% equity industries:  Units issued by related Technology services, REIT/InVIT – 0%- securities in including IT 10% technology management,  Debt instruments and software, Data and IT (including technology Infrastructure securitized debt) – 0% - 20% related services including  Money Market companies. Cloud computing, Instruments – 0%- mobile computing 20% infrastructure Internet technology enabled services including e- commerce, technology platforms, IoT (Internet of Things) and other online services Electronic technology, including computers, computer products, and electronic components

Telecommunications , including networking, wireless, and wireline services, equipment and

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) support; Media and information services, including the distribution of information and content providers IT products, hardware and components like PCs, Laptops, Servers, Chips, Semi- conductors etc.

SBI Healthcare To provide The fund will follow a  Equities and 1,116.48 89,337 Opportunities the investors bottom-up approach equity related Fund with the to stock-picking and securities in opportunity choose companies Healthcare space (including of long term within the healthcare derivatives and capital space. The scheme foreign securities) appreciation will invest in stocks of – 80%-100% by investing companies engaged  Other equities in a in: and equity related diversified instruments – 0%- 1. Pharmaceuticals 20% portfolio of 2. Hospitals  Units issued by equity and 3. Medical REIT/InVIT – 0% - equity Equipment 10% related 4. Healthcare service  Debt instruments securities in providers (including Healthcare 5. Biotechnology securitized debt) space – 0% to 20%  Money Market Instruments – 0% -20% SBI Focused To provide The fund will follow a  Equity and equity 7,978.23 718,854 Equity Fund the investor bottom-up approach related with the to stock-picking and instruments opportunity invest in companies including derivatives – 65% of long term across market - 100% capital capitalization and  Units issued by appreciation sectors. The fund will REIT/InVIT – 0% - by investing take high conviction 10% in a bets and the total  Debt instruments concentrated number of securities (including

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) portfolio of would be equal to or securitized debt) equity and under 30. – 0% - 35% equity  Money Market Instruments – 0% related - 35% securities

SBI Arbitrage To provide Market neutral A) Under normal 4,776.61 15,073 Opportunities capital trading strategy. circumstances, the Fund appreciation Arbitrage anticipated asset and regular opportunities arise allocation would income for due to market be: unitholders inefficiencies. Fund by identifying seeks to exploit such  Equity & Equity related profitable inefficiencies that will instruments – 65 arbitrage manifest as mis - – 85% opportunities pricing in cash (stock)  Derivatives between the and derivative including Index spot and markets. Fund Futures, Stock derivative Manager will lock into futures, Index market such arbitrage options and Stock options – 65% - segments as opportunities seeking 85% also through to generate tax  Debt instrument investment of efficient risk free & Money Market surplus cash returns. Instruments 15% - in debt and 35% (of which money Fund will not take securitized debt market naked exposures to not more than 10% of the instruments stocks i.e. will not invest in stocks with a investment in debt instruments)

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) view to generate market related returns. Exposure to B) When adequate stocks will be offset by arbitrage opportunities are simultaneous equivalent exposure not available in the Derivative and in derivatives. Equity markets, the SEBI has also vide anticipated circular DNPD/Cir- alternate asset 29/2005 dated 14th allocation on September 2005 defensive permitted Mutual considerations Funds to participate in would be in the derivatives accordance with market at par with the allocation given Foreign Institutional below. However, in Investors (FII). case no arbitrage Accordingly, Mutual opportunity is Funds shall be treated available, then at part with a 100% of the registered FII in remaining respect of position investible corpus limits in index futures, (to the extent not index options, stock deployed in options and stock arbitrage futures contracts. opportunities in the These guidelines have asset allocation been further revised pattern mentioned vide SEBI circular above) will be DNPD/Cir-31/2006 deployed in short dated September term debt and 22nd, 2006. money market instruments with The scheme would be tenure not a "pure arbitrage exceeding 91 days fund" and would hold (including spot market positions investments in only for the purpose securitized debt). of arbitrage opportunities and not  Equities and to benefit from any equity related

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) upside potential that instruments – 0%- the stocks may 65% provide in the present  Derivatives including Index or in future. In cases Futures, Stock where gainful Futures, Index arbitrage Options and Stock opportunities does Options - 0% - not exist, the scheme 65% may hold its assets in  Debt and Money debt and money market instruments – 0% market instruments - 100% till such time reasonable arbitrage opportunities present itself.

However if the opportunity is available the same positions will be rolled over to next month expiry by buying the

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) current month future and selling the next month future. In this instance, the strategy would be to keep the underlying, buy back the current future position and sell the next month future position.

SBI Magnum To provide The scheme follows  Equity and equity 430,961 Midcap Fund investors a blend of growth related with and value style of instruments of opportunities investing. The fund midcap will follow a companies for long-term bottom-up approach (including growth in to stock-picking and derivatives) – capital along choose companies 65%-100% with the across sectors. The  Other equities liquidity of an scheme will invest and equity related open-ended predominantly in instruments – 0- 35% scheme by diversified portfolio  Units issued by investing of mid cap stocks. Mid Cap REIT/InVIT – 0% - predominantl means:101st to 10% y in a well 250th company in  Debt instruments diversified terms of full market (including basket of capitalization. The securitized debt) equity stocks exposure will be as – 0% - 35% of Midcap per  Money Market Instruments – 0% companies. limits/classification defined by - 35% AMFI/SEBI from time to time. SBI Magnum To generate The scheme would at  Equity and equity 207.20 47,469 Comma Fund opportunities all times have an related securities for growth exposure of atleast of commodity and along with 80% of its related companies possibility of investments in stocks (including foreign consistent of companies securities)– 80% - returns by engaged in the 100% investing commodity and  Other equities predominantl commodity related and equity related

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) y in a businesses (derived instruments – 0%- portfolio of from commodities). 20% stocks of The scheme could  Units issued by REIT/InVIT – 0% - companies invest in companies 10% engaged in providing inputs to  Debt instruments the commodity (including commodity manufacturing securitized debt) and companies. – 0% - 20% commodity  Money Market related The scheme will invest Instruments – 0% in stocks of businesses. - 20% companies engaged in:

1. Oil & Gas (Petrochemicals, Power, and Gas etc.), 2. Metals (Zinc, Copper, Aluminum, Bullion, and Silver etc.), 3. Materials (Paper, jute, cement etc.) Agriculture (Sugar, Edible Oil, Soya, Tea and Tobacco etc.), 4. Textiles 5. Tea & Coffee SBI Magnum To provide The scheme will  Equity and equity 7,920.23 770,041 Multicap Fund investors follow a bottom-up related with approach to stock- instruments opportunitie picking and choose (including s for long- companies across derivatives)– 65% term growth sectors/styles. The -100% in capital scheme will invest  Units issued by along with in diversified REIT/InVIT – 0% - the liquidity portfolio of stocks 10% of an open- across market  Debt instruments ended capitalization. Large (including scheme Cap Stocks – 1st - securitized debt) through an 100th company in – 0% - 35% active terms of full market  Money Market management capitalization. Mid Instruments – 0% of Cap:101st to 250th -35%

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) investments company in terms of in a full market diversified capitalization. Small basket of Cap: 251st company equity onwards in terms of stocks full market spanning the capitalization. The entire exposure across market these stocks will be capitalizatio in line with n spectrum limits/classification and in debt defined by and money AMFI/SEBI from market time to time instruments.

SBI To provide The scheme will be  Equity and equity 387.20 138,941 Infrastructure investors positioned as a related securities Fund with sectoral fund and not of companies in opportunities as a diversified equity infrastructure sector (including for long-term fund. The scheme will foreign growth in invest in companies securities*) – 80% capital broadly within the - 100% through an following  Other equities active areas/sectors of the and equity related management economy namely – 1. instruments – 0% - 20% of Airports 2. Banks,  Units issued by investments Financial Institutions, REIT/InVIT – 0% - in a Term lending 10% diversified Institutions and  Debt instruments basket of NBFCs 3. Cement & (including equity stocks Cement Products 4. securitized debt) of companies Coal 5. Construction – 0% - 20% directly or 6. Electrical &  Money Market Instruments – 0% indirectly Electronic -20% involved in components 7. the Engineering 8. Energy infrastructure including Coal, Oil & growth in the Gas, Petroleum & Indian Pipelines 9. Industrial economy and Capital Goods & in debt & Products 10. Metals &

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) money Minerals 11. Ports 12. market Power and Power instruments. equipment 13. Road & Railway initiatives 14. Telecommunication 15. Transportation 16. Urban Infrastructure including Housing & Commercial Infrastructure 17. Commercial Vehicles 18. Industrial Manufacturing 19. Logistic Service provider SBI PSU Fund To provide The primary strategy  Equities of PSU 149.31 33,999 investors of the scheme would companies and with be to invest in the their subsidiaries opportunities stocks of the PSU (including derivatives) – 80% for long-term companies and their -100% growth in subsidiaries. The  Other equities capital along scheme may invest in and equity related with the quasi PSUs instruments – 0% liquidity of an /subsidiaries of PSUs: -20% open-ended 1. which could be part  Units issued by scheme of PSU index 2. REIT/InVIT – 0% - 10% through an defined by  Debt instruments active management control (including management or ability to appoint securitized debt) of key managerial – 0% - 20% investments personnel and not  Money Market in a necessarily by equity Instruments – 0% diversified stake of 51% (but - 20%

basket of minimum PSU/ equity stocks Central govt / state of domestic govt stake of 35% and Public Sector highest among others Undertakings is required).The (and their scheme would subsidiaries) endeavor to identify and in debt market opportunities

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) and money and at the same time market would sufficiently instruments diversify its equity issued by portfolio and control PSUs and liquidity risks and others. non-systematic risks by selecting well researched stocks which have growth prospects on a long and mid-term basis in order to provide stability and possibility of returns in the scheme Investment in equities would be done through primary as well as secondary market, private placement / QIP, preferential/firm allotments or any other mode as may be prescribed/ available from time to time.

SBI Small Cap To provide The scheme follows a  Equity and equity 3,290.53 764,851 Fund investors blend of growth and related with value style of instruments of opportunities investing. The scheme small cap companies for long-term will follow a bottom- (including growth in up approach to stock- derivatives) – 65% capital along picking and choose - 100% with the companies within the  Other equities liquidity of an small cap space. Small and equity related open-ended Cap means: 251st instruments – 0% - 35% scheme by company onwards in  Units issued by investing terms of full market REIT/InVIT – 0% - predominantl capitalization. The 10% y in a well- exposure will be as  Debt instruments (including

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) diversified per securitized debt) basket of limits/classification – 0% - 35% equity stocks defined by AMFI/SEBI  Money Market Instruments – 0% of small cap from time to time - 35% companies.

SBI Banking The The Scheme aims to  Equity and equity 1,267.96 208,459 and Financial investment maximize long-term related securities Services objective of capital appreciation of companies engaged in Fund the scheme is by investing primarily banking & to generate in equity and equity financial services - long-term related securities of 80% - 100% capital companies engaged in  Other equities appreciation Banking and Financial and equity related to unit services. The portfolio instruments – 0% holders from manager will adopt an - 20% a portfolio active management  Units issued by REIT/InVIT – 0% - that is style to optimize 10% invested returns. The scheme  Debt instruments predominantl would invest in Banks (including y in equity as well as Non- securitized debt) and equity banking Financial – 0% - 20% related Services companies,  Money Market securities of Insurance companies, Instruments – 0% - 20% companies Rating agencies, engaged in Broking companies, banking and Microfinance financial companies, Housing services. Finance, Wealth Management, Stock/ However, commodities there can be exchange etc. no assurance that the Financial services investment companies are firms objective of that are engaged in the Scheme providing non- will be banking financial realized. services to customers. The classification of Financial service companies will be

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) largely guided by AMFI sector classification. The indicative list of industry under financial services includes:

 Housing Finance  Micro Finance  Stock broking & Allied  Wealth Management  Rating Agencies  Asset Management Companies  Insurance Companies  Stock/ Commodities Exchange  Other NBFC’s  Any other company which may derive 70% or more of its revenue from companies engaged in financial services SBI Equity The The net assets of the A) Asset allocation 1,352.41 40,307 Savings Fund investment Scheme are invested under normal objective of primarily into equity circumstances:  Equity and the scheme is and equity related Equity related to generate instruments Instruments income by including equity including investing in derivatives. The derivatives - arbitrage Scheme invests rest 65% - 90% opportunities of the assets into in the cash debt and money Out of which: and market instruments - Cash future derivatives for liquidity and arbitrage: 15%- 70%;

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) segment of regular income. The - Net long equity the equity expected returns exposure: 20%- market, and from this Scheme can 50%

capital be attributed to the  Debt and appreciation following return Money Market through a drivers: Instruments moderate ■ Cash and Futures (including exposure in Equity Arbitrage: The margin for equity. scheme endeavors to derivatives) – achieve its primary 10% - 35% However, objective of  Units issued by REITs & InvITs – there is no generating income 0% - 10% guarantee or by exploitation of assurance arbitrage that the B) Asset Allocation opportunities in when adequate investment equities market. arbitrage objective of ■ Net Long Equity: opportunities the scheme The Scheme may are not available will be take limited long only in the Derivative and Equity achieved. exposures to equity markets, stocks in order to generate market The alternate asset related returns. allocation on ■ Debt and Money defensive Market Instruments: considerations The Scheme may would be in as per invest upto 35% of the allocation given the net assets of the below: Scheme into debt and money market  Equity and instruments. This Equity related Instruments portion of the including scheme assets is derivatives - discretionary to 30% - 70% provide liquidity into the scheme, management of Out of which: derivative margins

and accrual of regular income.

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) - Cash future arbitrage: 0%- 45%; - Net long equity exposure: 20%- 50%  Debt and Money Market Instruments (including margin for derivatives) – 30% - 70%  Units issued by REITs & InvITs – 0% - 10% SBI Nifty The scheme The scheme will adopt Stocks comprising 793.05 34,955 Index Fund will adopt a a passive investment the Nifty 50 Index – passive strategy. The scheme 95% - 100% investment will invest in stocks strategy. The comprising the Nifty Cash and Money Market Instruments scheme will 50 index in the same invest in proportion as in the – 0% - 5% stocks index with the comprising objective of achieving the Nifty 50 returns equivalent to index in the the Total Returns same Index of Nifty 50 index proportion as by minimizing the in the index performance with the difference between objective of the benchmark index achieving and the scheme. The returns Total Returns Index is equivalent to an index that reflects the Total the returns on the Returns Index index from index of Nifty 50 gain/ loss plus index by dividend payments by minimizing the constituent the stocks. performance difference

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) between the The scheme will benchmark primarily invest in the index and the securities constituting scheme. The the underlying index. Total Returns However, due to Index is an changes in underlying index that index the scheme may reflects the temporarily hold returns on securities which are the index not part of the index. from index For example, the gain/ loss portfolio may hold plus dividend securities not payments by included in the the respective underlying constituent index as result of stocks. certain changes in the underlying index such as such as reconstitution, addition, deletion etc. The fund manager’s endeavour would be to rebalance the portfolio in order to mirror the index; however, there may be a short period where the constituents of the portfolio may differ from that of the underlying index.

These investments which fall outside the underlying index as mentioned above shall be rebalanced within a period of 30 days.

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) SBI Contra To provide The fund will follow a  Equity and equity 1,043.94 249,503 Fund the investor combination of top- related with the down and bottom-up instruments of companies which opportunity approach to stock- follow the of long term picking and choose contrarian capital companies within the investment appreciation contrarian investment theme (including by investing theme. derivatives) – in a 65%-100% diversified  Other equities and equity related portfolio of instruments – 0%- equity and 35% equity  Units issued by related REIT/InVIT – 0%- securities 10% following a  Debt instruments contrarian (including investment securitized debt) – 0%-35% strategy.  Money Market Instruments – 0% - 35% The prime Fund will be investing 6,219.14 1,188,643 objective of in equity & equity scheme is to related instruments deliver the as also debt benefit of instruments, and investment in money market a portfolio of instruments (such as Equities, equity shares, money market, Cumulative SBI Long Term while offering term/notice money Convertible Equity Fund deduction on market, repos, Preference Shares, (previously such reverse repos and any and Fully known as SBI investment alternative to the call Convertible Magnum made in the money market as may Debentures (FCDs) Taxgain scheme be directed by the & Bonds – 80 -100% Scheme) under section RBI). Investment shall Money Market 80C of the also be made in Partly Instruments – 0% - Income-tax Convertible 20% Act, 1961. It Debentures (PCDs) also seeks to and bonds including distribute those issued on rights income basis subject to the periodically condition that as far depending on as possible the non-

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April 30, objectives (as on April 30, 2020) 2020) distributable convertible portion of surplus. the debentures so Investments acquired or in this subscribed shall be scheme divested within a would be period of 12 months. subject to a The balance funds statutory shall be invested in lock-in of 3 short term money years from market instruments the date of or other liquid allotment to instruments or both. avail Section In line with CBDT 80C benefits. guidelines, the Fund will invest at least 80% of the net assets in equity and equity related instruments. SBI To provide The fund will follow a  Equities and 526.55 72,000 Consumption the investor bottom-up approach equity related Opportunities with the to stock-picking and securities in Fund opportunity choose companies Consumption of long term sector (including within the capital derivatives and appreciation Consumption space. foreign securities) by investing The scheme will invest – 80%-100% in a in stocks of  Other equities diversified companies engaged and equity related portfolio of in: instruments – 0%- equity and 20% equity 1. Consumer  Units issued by related durables REIT/InVIT – 0% - securities in 2. Consumer non- 10% Consumption durables  Debt instruments space. 3. Retail (including 4. Textiles securitized debt) 5. Auto OEM’s – 0% -20% 6. Media & Money Market entertainment Instruments – 0% - 7. Hotels, resorts & 20% travel services. 8. Education services 9. Airlines 10. E-commerce Consumer transportation & logistics services.

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Please refer to Common Equity KIM for guidelines, application forms and terms & conditions (including SIP, STP, SWP, Trigger, etc.)

Date: May 14, 2020

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Asset Management Company: SBI Funds Management Pvt. Ltd. (A Joint Venture between State Bank of India & AMUNDI)

KEY INFORMATION MEMORANDUM

Product Labelling

This product is suitable for investors who are seeking*: Riskometer

• Long term capital appreciation • Investments in a diversified portfolio of equity and equity related securities following a contrarian investment strategy.

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Continuous offer of Units at NAV related prices on ongoing basis

This Key Information Memorandum (KIM) sets forth the information, which a prospective investor ought to know before investing. For further details of the Scheme/Mutual Fund, due diligence certificate by the AMC, Key Personnel, investors’ rights & services, risk factors, penalties & pending litigations etc. Investors should, before investment, refer to the Scheme Information Document and Statement of Additional Information available free of cost at any of the SBIFMPL branches or distributors or from the website www.sbimf.com.

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Type of Scheme An open ended equity scheme following contrarian investment strategy Investment Objective To provide the investor with the opportunity of long term capital appreciation by investing in a diversified portfolio of equity and equity related securities following a contrarian investment strategy. However, there can be no assurance that the investment objective of the scheme will be achieved. Asset Allocation The funds collected under the scheme shall generally be invested consistent with the objective of the Pattern scheme in the following manner: Indicative Asset Allocation Instruments Risk Profile (% of total assets) Equity and equity related instruments of companies which 65%-100% High follow the contrarian investment theme (including derivatives) Other equities and equity related 0%-35% High instruments Units issued by REIT/InVIT* 0%-10% Medium to High Debt instruments (including 0%-35% Medium securitized debt) Money Market Instruments 0%-35% Low *The exposure will be in line with SEBI/AMFI limits specified from time to time The scheme may engage in stock lending - upto 20% of the net assets of the scheme Exposure to derivatives instruments to the extent of 50% of the Net Assets as permitted by SEBI The Scheme may seek investment opportunities in foreign securities including ADRs / GDRs / Foreign equity and debt securities subject to the Regulations. Such investment shall not exceed 35% of the net assets of the Scheme. The scheme may invest in mutual fund units as permissible. The Scheme may invest in repo in corporate debt. For detailed asset allocation, please refer the Scheme Information Document.

Investment Strategy The fund will follow a combination of top-down and bottom-up approach to stock-picking and choose companies within the contrarian investment theme. Risk Profile of the Mutual Fund Units involve investment risks including the possible loss of principal. Please read the SID Scheme carefully for details on risk factors before investment. Scheme specific risk factors are summarized below: SBI Contra Fund will be investing in primarily in Equity and equity related instruments of companies which follow the contrarian investment theme (including derivatives), Other equities and equity related instruments, Units issued by REIT/InVIT, foreign securities, Debt instruments (including securitized debt) and Money Market Instruments. The liquidity of the scheme’s investments is inherently restricted by trading volumes and settlement periods. The liquidity of the scheme’s investments is inherently restricted by trading volumes and settlement periods. In the event of a large number of redemption requests, or of a restructuring of the scheme’s investment portfolio, these periods may become significant. In view of the same, the Trustees have the right in their sole discretion to limit redemption (including suspending redemption) under certain circumstances as described in the Section on Investors’ Rights and Services. The scheme shall be subject to risk associated with equity and equity related instruments, REITs/InVIT, debt and money market instruments, securitized debt, foreign securities, derivatives and repo transactions in corporate debt securities. Besides, the scheme is also subjected to risk associated with Liquidity Risk, Settlement Risk, Stock lending risk & Regulatory Risk associated with securities as detailed in the SID. Risk Control Investments in Equity and equity related instruments including derivatives, debt, money market instruments carry various risks such as inability to sell securities, trading volumes and settlement periods, market risk, interest rate risk, liquidity risk, default risk, reinvestment risk etc. Whilst such risks cannot be eliminated, they may be mitigated by diversification and hedging.

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Further, the AMC has necessary framework in place for risk mitigation at an enterprise level. The Risk Management division is an independent division within the organization. Internal limits are defined and judiciously monitored. Risk indicators on various parameters are computed and are monitored on a regular basis. There is a Board level Committee, the Risk Management Committee of the Board, which enables a dedicated focus on risk factors and the relevant risk mitigates.

For risk control, the following may be noted:

Interest Rate Risk: Changes in interest rates affect the prices of bonds. If interest rates rise the prices of bonds fall and vice versa. A well-diversified portfolio may help to mitigate this risk.

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The default plan in following cases will be:

Broker Code mentioned by Plan mentioned by the Default Plan to be Scenario the investor investor captured

1 Not mentioned Not mentioned Direct Plan

2 Not mentioned Direct Direct Plan

3 Not mentioned Regular Direct Plan

4 Mentioned Direct Direct Plan

5 Direct Not Mentioned Direct Plan

6 Direct Regular Direct Plan

7 Mentioned Regular Regular Plan

8 Mentioned Not Mentioned Regular Plan

Applicable NAV For subscription of below Rs. 2 lakhs - In respect of valid applications received upto 3 p.m. by the Mutual Fund at any of the OPAT of SBI Mutual Fund alongwith a local cheque or a demand draft payable at par at the place where the application is received, the closing NAV of the day on which application is received shall be applicable. In respect of valid applications received after 3 p.m. by the Mutual Fund at any of the OPAT of SBI Mutual Fund alongwith a local cheque or a demand draft payable at par at the place where the application is received, the closing NAV of the next business day shall be applicable.

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received after the 3.00 pm by the Mutual Fund, the closing NAV of the next business day shall be applicable. Minimum Application Minimum Investment Amount : Rs. 5000/- and in multiples of Re. 1 thereafter Amount Additional Purchase Amount: Rs. 1000/- and in multiples of Re. 1 thereafter Repurchase: Rs.500/- or 1 Unit or account balance whichever is lower. Please note that as a result of redemption, if the outstanding balance amount falls below the minimum redemption amount as per the scheme features, SBIMF reserves the right to redeem the balance units at applicable repurchase price Minimum Amount of Weekly – Minimum Rs. 1000 & in multiples of Re. 1 thereafter for minimum 6 weeks SIP Monthly – Minimum Rs. 1000 & in multiples of Re. 1 thereafter for minimum 6 months (or) minimum Rs. 500 & in multiples of Re. 1 thereafter for minimum one year Quarterly – Minimum Rs. 1500 & in multiples of Re. 1 thereafter for minimum one year Semi-Annual - Minimum Rs. 3000 & in multiples of Re. 1 thereafter for minimum of 4 instalments. Annual - Minimum Rs. 5000 & in multiples of Re. 1 thereafter for minimum of 4 instalments. Despatch of Within 10 business days of the receipt of the repurchase (redemption) request at the authorized Point of Repurchase Acceptance of SBI Mutual Fund. (Redemption) request Benchmark Index S&P BSE 500 TRI Index Dividend Policy Dividend declaration under the dividend option of the scheme is subject to the availability of distributable surplus and at the recommendation of the AMC, subject to approval of the trustees and no returns are assured under the schemes. Fund Manager Mr. Dinesh Balachandran Mr. Mohit Jain is the dedicated fund manager for managing overseas investments of the scheme Fund Manager – 2 Year. Managing since May 5, 2018 Tenure of managing the scheme Trustee Company SBI Mutual Fund Trustee Company Private Limited Performance of the Performance of the scheme (As on April 30, 2020). scheme Scheme Name 1 year 3 years 5 years Since Inception SBI Contra Fund - Regular Plan – Dividend -23.31 -5.71 0.02 15.89

Benchmark: S&P BSE 500 TRI Index -15.60 0.60 4.89 13.58

Returns are CAGR calculated for Dividend Option and it has been assumed that the dividend declared under the scheme have been reinvested at the then prevailing NAV. As scheme benchmark TRI data is not available since inception of the scheme, benchmark performance is calculated using composite CAGR of S&P BSE 500 PRI values from 05-Jul-99 to 31-Jul-06 and TRI values since 01-Aug-06.

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Financial Year performance:

Schemes Portfolio Top 10 Holdings: Holding Issuer Name % of Net Asset (April 30, 2020) RELIANCE MUTUAL FUND CPSE ETF 4.55

ICICI BANK LTD. 4.46

INFOSYS LTD. 4.25

HDFC BANK LTD. 3.96

HCL TECHNOLOGIES LTD. 3.33

AXIS BANK LTD. 3.25

ICICI PRUDENTIAL LIFE INSURANCE COMPANY LTD. 3.12

HINDALCO INDUSTRIES LTD. 2.99

PFIZER LTD. 2.93

ULTRATECH CEMENT LTD. 2.91

Fund Allocation towards various Sectors: Sector Name % of Net Asset

FINANCIAL SERVICES 20.36

PHARMA 12.31

CONSUMER GOODS 7.70

IT 7.58

INDUSTRIAL MANUFACTURING 6.03

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OIL & GAS 5.83

EXCHANGE TRADED FUNDS 4.55

CEMENT & CEMENT PRODUCTS 4.41

SERVICES 3.19

METALS 2.99

AUTOMOBILE 2.85

CHEMICALS 2.71

MEDIA AND ENTERTAINMENT 2.48

CONSTRUCTION 2.00

TELECOM 1.93

HEALTHCARE SERVICES 1.06

POWER 0.95

Portfolio Turnover 2.14 ratio (April 30, 2020) Website link to obtain https://www.sbimf.com/en-us/portfolios schemes latest monthly portfolio holdings Expenses of the scheme (i) Load Structure Entry Load : Not applicable Exit Load: For exit within 1 year from the date of allotment – 1%, For exit after 1 year from the date of allotment - Nil The AMC reserves the right to modify / change the load structure on a prospective basis.

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plan shall have common portfolio. However, Regular Plan and Direct Plan shall have different NAVs.

These estimates have been made in good faith as per the information available to the Investment Manager based on past experience and are subject to change inter-se. Types of expenses charged shall be as per the SEBI (MF) Regulations. However, as per regulation 52 of SEBI (MF) Regulations, Maximum limit of recurring expenses under Regulation 52 are as under: Assets under management Slab (in Rs Crores) Total expense ratio limits On the first Rs 500 crores of the daily net assets 2.25% On the next Rs 250 crores of the daily net assets 2.00% On the next Rs 1,250 crores of the daily net 1.75% assets On the next Rs 3,000 crores of the daily net 1.60% assets On the next Rs 5,000 crores of the daily net 1.50% assets On the next Rs 40,000 crores of the daily net Total expense ratio reduction of 0.05% for assets every increase of Rs 5000 crores of daily net assets or part thereof. On balance of the assets 1.05%

The scheme may charge additional expenses incurred towards different heads mentioned under regulations (2) and (4), not exceeding 0.05% of the daily net assets. Pursuant to SEBI Circular No. SEBI /HO/IMD/DF2/CIR/P/2018/15 dated February 02, 2018, additional expenses under regulation 52 (6A) (c) shall not be levied if the scheme doesn’t have exit load. In addition to expenses as permissible under Regulation 52 (6) (c), the AMC may charge the following additional costs or expenses to the scheme: • The goods & services tax on investment management and advisory fees would be charged in addition to above limit. • Brokerage and transaction costs (including Goods and Services Tax) which are incurred for the purpose of execution of trade and is included in the cost of investment, not exceeding 0.12 per cent in case of cash market transactions and 0.05 percent for derivative market trades. Further, in terms of SEBI circular CIR/IMD/DF/24/2012 dated November 19, 2012, it is clarified that the brokerage and transaction cost incurred for the purpose of execution of trade may be capitalized to the extent of 12bps and 5bps for cash market transactions and derivatives transactions respectively. Any payment towards brokerage and transaction cost, over and above the said 12 bps and 5bps for cash market transactions and derivatives transactions respectively may be charged to the scheme within the maximum limit of Total Expense Ratio (TER) as prescribed under regulation 52 of the SEBI (Mutual Funds) Regulations, 1996. • In terms of Regulation 52 (6A) (b), expenses not exceeding of 0.30 per cent of daily net assets will be charged, if the new inflows from such cities as specified from time to time are at least – i. 30 percent of gross new inflows in the scheme, or; ii. 15 percent of the average assets under management (year to date) of the scheme, whichever is higher:

Provided that if inflows from such cities is less than the higher of sub-clause (i) or subclause (ii), such expenses on daily net assets of the scheme shall be charged on proportionate basis:

Provided further that expenses charged under this clause shall be utilised for distribution expenses incurred for bringing inflows from such cities:

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Actual expenses for the previous financial year ending March 31, 2020:

Scheme Name Regular Plan Direct Plan SBI Contra Fund 2.30% 1.71%

Waiver of Load for Pursuant to SEBI Circular No. SEBI/IMD/CIR No.4/168230/09 dated June 30, 2009 no entry load shall be Direct Applications charged for all mutual fund schemes. Therefore, the procedure for waiver of load for direct applications is no longer applicable.

Tax treatment for the Investors will be advised to refer to the details in the Statement of Additional Information & also Investors independently refer to their tax advisor. Daily Net Asset Value The NAV will be declared on all business days and shall be computed on daily basis and shall be disclosed (NAV) in the manner as be specified by the SEBI. NAV can also be viewed on www.sbimf.com and Publication www.amfiindia.com Monthly Disclosure of The fund shall disclose the scheme’s portfolio in the prescribed format along with the ISIN as on the last Schemes’ Portfolio day of the month for all the Schemes of SBI Mutual Fund on its website www.sbimf.com within 10 days Statement from the close of the month. The Fund shall also email within the stipulated time frame, the monthly portfolio to the unitholders whose email address is registered with the Fund. Annual Report Scheme wise Annual Report or an abridged summary thereof shall be provided to all unitholders within four months from the date of closure of the relevant accounts year i.e. 31st March each year as follows: 1. The Scheme wise annual report / abridged summary thereof shall be hosted on website of the Fund i.e., www.sbimf.com and on the website of AMFI i.e. www.amfiindia.com. The physical copy of the scheme- wise annual report or abridged summary shall be made available to the unitholders at the registered office of SBI Mutual Fund at all times. 2. The scheme annual report or an abridged summary thereof shall be emailed to those unitholders whose email addresses are registered with the Fund. 3. The AMC shall publish an advertisement on annual basis, in the all India edition of at least two daily newspapers, one each in English and Hindi; disclosing the hosting of the scheme wise annual report on its website viz. www.sbimf.com and on the website of AMFI i.e. www.amfiindia.com and the modes through

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which a written request can be submitted by the unitholder for obtaining a physical or electronic copy of the scheme-wise annual report or abridged summary. 4. The AMC shall provide physical copy of the abridged summary of the Annual report, without charging any cost, on receipt of a specific request from the unitholder. For Investor Grievances please Registrar SBI Mutual Fund Contact Computer Age Management Mr. Rahul Mayor Services Ltd., (Investor Relations Officer) (SEBI Registration No.: INR000002813) SBI Funds Management Pvt. Ltd. Rayala Towers 158, Anna Salai 9th Floor, Crescenzo, Chennai - 600002 C-38 & 39,G Block, Tel No.: (044)28881101/36 Bandra Kurla Complex, Bandra (East), Fax : (044) 30407101 Mumbai – 400 051 Email: [email protected], Tel: 022- 61793537 Website: www.camsonline.com Email: [email protected]

In terms of SEBI Circular No. IR/MRD/DP/31/2014 dated November 12, 2014 on Consolidated Account Statement, investors having Demat account has an option to receive consolidated account statement:

• Investors having MF investments and holding securities in Demat account shall receive a single Consolidated Account Statement (CAS) from the Depository.

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• In case an investor has multiple accounts across two depositories, the depository with whom the account has been opened earlier will be the default depository.

How this scheme is different from the existing schemes of SBI Mutual Fund:

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AUM Folio Investment (Rs. In crores) Scheme Name Investment Strategy Asset Allocation (as on April objectives (as on April 30, 30, 2020) 2020) The scheme is likely to have a comprehensive check list across parameters from Governance, Social & Environmental aspects of the company’s management of its affairs. The • Equity and equity endeavour would be related to follow ‘ESG instruments of To provide Framework’ in order following investors to delve deeper into a Environmental, with company’s Social and opportunities management Governance (ESG) for long-term practices, culture and criteria (including growth in risk profile which derivatives and capital would thereby help foreign through an us in understanding securities)– 80% - active the impact on long 100% SBI Magnum management term shareholders. • Other equities 2,324.01 391,717 Equity ESG of Each security will be and equity related Fund investments scored, using publicly instruments - 0%- in a available data, on ESG 20% diversified parameters which can • Units issued by basket of impact or pose risks REIT/InVIT - 0% - companies to the long-term 10% following sustainability of the • Debt instruments Environment business. External (including al, Social and specialist service securitized debt) - Governance providers may be 0% - 20% (ESG) criteria sought to enable this. • Active weights of a Money Market security will be Instruments - 0% - determined by the 20% ESG scores. A positive score will enable a positive active weight, and vice- versa. For securities lacking data, the portfolio manager will look to engage with the company. Active weights may be

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capped to zero. To provide investors long term capital appreciation along with • Equity and equity the liquidity related of an open- instruments ended (including scheme by The scheme will derivatives) – 65% investing in a invest in a diversified - 80% mix of debt portfolio of equities • Units issued by and equity. of high growth REIT/InVIT – 0% to SBI Equity The scheme 29,112.29 1,175,823 companies and 10% Hybrid Fund will invest in balance the risk • Debt instruments a diversified through investing the (including portfolio of rest in fixed income securitized debt) equities of securities. and money high growth market companies instruments – and balance 20% to 35% the risk

through investing the rest in fixed income securities. The scheme follows a • Equity and equity blend of growth and related value style of instruments of investing. The fund large cap will follow a To provide companies combination of top the investor (including down and bottom-up with the derivatives) - 35% approach to stock- opportunity - 65% picking and choose of long term • Equity and equity companies across capital related sectors. The scheme appreciation instruments of SBI Large & will invest in 2,455.35 356,394 by investing mid cap Midcap Fund diversified portfolio in diversified companies of large cap and mid portfolio (including cap stocks. Large Cap: comprising derivatives) – 35% 1st -100th company predominantl - 65% in terms of full y large cap • Other equities market capitalization. and mid cap and equity related Mid Cap:101st to companies. instruments – 0% 250th company in - 30% terms of full market • Units issued by capitalization. The exposure to these will REIT/InVIT – 0%- 10% be as per

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limits/classification • Debt instruments defined by AMFI/SEBI (including from time to time securitized debt) – 0% - 30% • Money Market Instruments – 0% - 30% • Equity and equity related The fund will follow a companies within bottom-up approach MNC space To provide to stock-picking and including the investor choose companies derivatives and with the across sectors/market foreign securities opportunity capitalization which – 80-100% of long term fall under the criteria • Other equities capital of MNC. MNC and equity related SBI Magnum appreciation Companies will be instruments – 0% 3,509.73 426,640 Global Fund by investing those: 1. Major - 20% in diversified Shareholding is by • Units issued by portfolio foreign entity, 2. REIT/InVIT – 0% - comprising Indian companies 10% primarily of having over 50% • Debt instruments MNC turnover from regions (including companies outside India, 3. securitized debt) Foreign listed – 0% - 20% Companies • Money Market Instruments – 0% - 20% The fund will follow a • Equities and To provide bottom-up approach equity related the investor to stock-picking and securities in with the choose companies technology and opportunity which are expected to technology of long term derive benefit from related securities capital development, use (including appreciation and advancement of derivatives and by investing technology. These will foreign securities) in a predominantly SBI Technology – 80%-100% diversified include companies in 157.25 29,368 Opportunities • Other equities portfolio of the following Fund and equity related equity and industries: instruments – 0% equity Technology services, -20% related including IT • Units issued by securities in management, REIT/InVIT – 0%- technology software, Data and IT 10% and Infrastructure • Debt instruments technology services including (including related Cloud computing, securitized debt) companies. mobile computing – 0% - 20% infrastructure

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Internet technology • Money Market enabled services Instruments – 0%- including e- 20% commerce, technology platforms, IoT (Internet of Things) and other online services Electronic technology, including computers, computer products, and electronic components Telecommunications , including networking, wireless, and wireline services, equipment and support; Media and information services, including the distribution of information and content providers IT products, hardware and components like PCs, Laptops, Servers, Chips, Semi- conductors etc. • Equities and equity related securities in To provide The fund will follow a Healthcare space the investors bottom-up approach (including with the to stock-picking and derivatives and opportunity choose companies foreign securities) of long term within the healthcare – 80%-100% capital space. The scheme • Other equities appreciation will invest in stocks of and equity related SBI Healthcare by investing companies engaged instruments – 0%- 1,116.48 89,337 Opportunities in a in: 20% Fund diversified 1. Pharmaceuticals • Units issued by portfolio of 2. Hospitals REIT/InVIT – 0% - equity and 3. Medical 10% equity Equipment • Debt instruments related 4. Healthcare service (including securities in providers securitized debt) Healthcare 5. Biotechnology – 0% to 20% space • Money Market Instruments – 0% -20%

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• Equity and equity To provide related the investor The fund will follow a instruments with the bottom-up approach including opportunity to stock-picking and derivatives – 65% of long term invest in companies - 100% capital across market • Units issued by appreciation SBI Focused capitalization and REIT/InVIT – 0% - 7,978.23 718,854 by investing Equity Fund sectors. The fund will 10% in a take high conviction • Debt instruments concentrated bets and the total (including portfolio of number of securities securitized debt) equity and would be equal to or – 0% - 35% equity under 30. • Money Market related Instruments – 0% securities - 35% to provide long term • Equity and equity capital related appreciation The scheme will instruments by investing invest in companies including in a forming a part of derivatives – 90% SBI Equity diversified Nifty 50 Index, - 100% 44.96 3,433 Minimum basket of weighting the stocks • Debt and money Variance Fund companies in with the endeavor to market Nifty 50 minimise the variance instrument Index while of the portfolio. including units of aiming for mutual fund - 0% - minimizing 10% the portfolio volatility. To provide Market neutral A) Under normal capital trading strategy. circumstances, the appreciation Arbitrage anticipated asset and regular opportunities arise allocation would income for due to market be: unitholders inefficiencies. Fund • Equity & Equity by identifying seeks to exploit such related profitable inefficiencies that will instruments – 65 arbitrage manifest as mis - – 85% SBI Arbitrage opportunities pricing in cash (stock) • Derivatives 4,776.61 15,073 Opportunities between the and derivative including Index Fund spot and markets. Fund Futures, Stock derivative Manager will lock into futures, Index market such arbitrage options and Stock segments as opportunities seeking options – 65% - also through to generate tax 85% investment of efficient risk free • Debt instrument surplus cash returns. & Money Market in debt and Fund will not take Instruments 15% - money naked exposures to 35% (of which

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market stocks i.e. will not securitized debt instruments invest in stocks with a not more than view to generate 10% of the market related investment in returns. Exposure to debt instruments) stocks will be offset by simultaneous B) When adequate equivalent exposure arbitrage in derivatives. opportunities are SEBI has also vide not available in the circular DNPD/Cir- Derivative and 29/2005 dated 14th Equity markets, the September 2005 anticipated permitted Mutual alternate asset Funds to participate allocation on in the derivatives defensive market at par with considerations Foreign Institutional would be in Investors (FII). accordance with Accordingly, Mutual the allocation given Funds shall be treated below. However, in at part with a case no arbitrage registered FII in opportunity is respect of position available, then limits in index 100% of the futures, index remaining options, stock options investible corpus and stock futures (to the extent not contracts. These deployed in guidelines have been arbitrage further revised vide opportunities in the SEBI circular asset allocation DNPD/Cir-31/2006 pattern mentioned dated September above) will be 22nd, 2006. deployed in short The scheme would be term debt and a "pure arbitrage money market fund" and would hold instruments with spot market positions tenure not only for the purpose exceeding 91 days of arbitrage (including opportunities and not investments in to benefit from any securitized debt). upside potential that • Equities and the stocks may equity related provide in the present instruments – 0%- or in future. In cases 65% where gainful • Derivatives arbitrage including Index opportunities does Futures, Stock not exist, the scheme Futures, Index

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may hold its assets in Options and Stock debt and money Options - 0% - market instruments 65% till such time • Debt and Money reasonable arbitrage market opportunities present instruments – 0% itself. - 100% The scheme would seize arbitrage opportunities by buying stock in the spot market of NSE or BSE and simultaneously selling futures on the same stock in F&O segment of NSE when the price of the future exceeds the price of the stock. It is the intention of the scheme to hold the cash/spot market position and the derivative position till expiry to realize the arbitrage. However if the opportunity is available the same positions will be rolled over to next month expiry by buying the current month future and selling the next month future. In this instance, the strategy would be to keep the underlying, buy back the current future position and sell the next month future position. To provide The scheme follows a • Equity and equity investors blend of growth and related with value style of instruments of SBI BlueChip opportunities investing. The scheme large cap 19,795.44 2,023,952 Fund for long-term will follow a companies* growth in combination of top (including capital down and bottom-up Derivatives) – 80% through an approach to stock- – 100%

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active picking and choose • Other equities management companies across and equity related of sectors. The scheme instruments – 0% investments will predominantly -20% in a invest in diversified • Units issued by diversified portfolio of large cap REIT/InVIT – 0% - basket of stocks. Large Cap 10% large cap Stocks are – 1st - • Debt instruments equity stocks 100th company in (including (as specified terms of full market securitized debt) by SEBI/AMFI capitalization. This – 0% -20% from time to will be in line with • Money Market time). limits/classification Instruments – 0% defined by AMFI/SEBI - 20% from time to time. The scheme follows a • Equity and equity To provide blend of growth and related investors value style of instruments of with investing. The fund midcap opportunities will follow a bottom- companies for long-term up approach to stock- (including growth in picking and choose derivatives) – capital along companies across 65%-100% with the sectors. The scheme • Other equities liquidity of an will invest and equity related SBI Magnum open-ended predominantly in instruments – 0- 2,944.46 430,961 Midcap Fund scheme by diversified portfolio 35% investing of mid cap stocks. • Units issued by predominantl Mid Cap means:101st REIT/InVIT – 0% - y in a well to 250th company in 10% diversified terms of full market • Debt instruments basket of capitalization. The (including equity stocks exposure will be as securitized debt) of Midcap per – 0% - 35% companies. limits/classification • Money Market defined by AMFI/SEBI Instruments – 0% from time to time. - 35% To generate The scheme would at opportunities all times have an • Equity and equity for growth exposure of atleast related securities along with 80% of its of commodity and possibility of investments in stocks related consistent of companies companies SBI Magnum returns by engaged in the (including foreign 207.20 47,469 Comma Fund investing commodity and securities)– 80% - predominantl commodity related 100% y in a businesses (derived • Other equities portfolio of from commodities). and equity related stocks of The scheme could instruments – 0%- companies invest in companies 20% engaged in providing inputs to

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the commodity • Units issued by commodity manufacturing REIT/InVIT – 0% - and companies. 10% commodity The scheme will • Debt instruments related invest in stocks of (including businesses. companies engaged securitized debt) in: – 0% - 20% 1. Oil & Gas • Money Market (Petrochemicals, Instruments – 0% Power, and Gas etc.), - 20% 2. Metals (Zinc, Copper, Aluminum, Bullion, and Silver etc.), 3. Materials (Paper, jute, cement etc.) Agriculture (Sugar, Edible Oil, Soya, Tea and Tobacco etc.), 4. Textiles 5. Tea & Coffee To provide The scheme will investors follow a bottom-up with approach to stock- opportunities picking and choose for long-term companies across growth in sectors/styles. The capital along scheme will invest in • Equity and equity with the diversified portfolio related liquidity of an of stocks across instruments open-ended market capitalization. (including scheme Large Cap Stocks – 1st derivatives)– 65% through an -100th company in -100% active terms of full market • Units issued by management SBI Magnum capitalization. Mid REIT/InVIT – 0% - 7,920.23 770,041 of Multicap Fund Cap:101st to 250th 10% investments company in terms of • Debt instruments in a full market (including diversified capitalization. Small securitized debt) basket of Cap: 251st company – 0% - 35% equity stocks onwards in terms of • Money Market spanning the full market Instruments – 0% entire market capitalization. The -35% capitalization exposure across these spectrum and stocks will be in line in debt and with money limits/classification market defined by AMFI/SEBI instruments. from time to time

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The scheme will be positioned as a sectoral fund and not as a diversified equity fund. The scheme will invest in companies broadly within the To provide following investors areas/sectors of the with economy namely – 1. opportunities • Equity and equity Airports 2. Banks, for long-term related securities Financial Institutions, growth in of companies in Term lending capital infrastructure Institutions and through an sector (including NBFCs 3. Cement & active foreign Cement Products 4. management securities*) – 80% Coal 5. Construction of - 100% 6. Electrical & investments • Other equities Electronic in a and equity related components 7. SBI diversified instruments – 0% Engineering 8. Energy 387.20 138,941 Infrastructure basket of - 20% including Coal, Oil & Fund equity stocks • Units issued by Gas, Petroleum & of companies REIT/InVIT – 0% - Pipelines 9. Industrial directly or 10% Capital Goods & indirectly • Debt instruments Products 10. Metals & involved in (including Minerals 11. Ports 12. the securitized debt) Power and Power infrastructure – 0% - 20% equipment 13. Road growth in the • & Railway initiatives Money Market Indian 14. Instruments – 0% economy and Telecommunication -20% in debt & 15. Transportation 16. money Urban Infrastructure market including Housing & instruments. Commercial Infrastructure 17. Commercial Vehicles 18. Industrial Manufacturing 19. Logistic Service provider To provide The primary strategy • Equities of PSU investors of the scheme would companies and with be to invest in the their subsidiaries opportunities stocks of the PSU (including 149.31 33,999 SBI PSU Fund for long-term companies and their derivatives) – 80% growth in subsidiaries. The -100% capital along scheme may invest in • Other equities with the quasi PSUs and equity related liquidity of an /subsidiaries of PSUs:

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open-ended 1. which could be instruments – 0% scheme part of PSU index 2. -20% through an defined by • Units issued by active management control REIT/InVIT – 0% - management or ability to appoint 10% of key managerial • Debt instruments investments personnel and not (including in a necessarily by equity securitized debt) diversified stake of 51% (but – 0% - 20% basket of minimum PSU/ • Money Market equity stocks Central govt / state Instruments – 0% of domestic govt stake of 35% - 20% Public Sector and highest among Undertakings others is (and their required).The scheme subsidiaries) would endeavor to and in debt identify market and money opportunities and at market the same time would instruments sufficiently diversify issued by its equity portfolio PSUs and and control liquidity others. risks and non- systematic risks by selecting well researched stocks which have growth prospects on a long and mid-term basis in order to provide stability and possibility of returns in the scheme Investment in equities would be done through primary as well as secondary market, private placement / QIP, preferential/firm allotments or any other mode as may be prescribed/ available from time to time. To provide The scheme follows a • Equity and equity investors blend of growth and related SBI Small Cap with value style of instruments of 3,290.53 764,851 Fund opportunities investing. The scheme small cap for long-term will follow a bottom- companies growth in up approach to stock- (including

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capital along picking and choose derivatives) – 65% with the companies within the - 100% liquidity of an small cap space. Small • Other equities open-ended Cap means: 251st and equity related scheme by company onwards in instruments – 0% investing terms of full market - 35% predominantl capitalization. The • Units issued by y in a well- exposure will be as REIT/InVIT – 0% - diversified per 10% basket of limits/classification • Debt instruments equity stocks defined by AMFI/SEBI (including of small cap from time to time securitized debt) companies. – 0% - 35% • Money Market Instruments – 0% - 35% The Scheme aims to maximize long-term The capital appreciation investment by investing primarily objective of in equity and equity the scheme is related securities of to generate companies engaged long-term in Banking and • Equity and equity capital Financial services. related securities appreciation The portfolio of companies to unit manager will adopt engaged in holders from an active banking & a portfolio management style to financial services - that is optimize returns. The 80% - 100% invested scheme would invest • Other equities predominantl in Banks as well as and equity related y in equity SBI Banking Non-banking instruments – 0% and equity 1,267.96 208,459 and Financial Financial Services - 20% related Services Fund companies, Insurance • Units issued by securities of companies, Rating REIT/InVIT – 0% - companies agencies, Broking 10% engaged in companies, • Debt instruments banking and Microfinance (including financial companies, Housing securitized debt) services. Finance, Wealth – 0% - 20% However, Management, Stock/ • there can be Money Market commodities no assurance Instruments – 0% exchange etc. that the - 20% Financial services investment companies are firms objective of that are engaged in the Scheme providing non- will be banking financial realized. services to customers. The

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classification of Financial service companies will be largely guided by AMFI sector classification. The indicative list of industry under financial services includes: • Housing Finance • Micro Finance • Stock broking & Allied • Wealth Management • Rating Agencies • Asset Management Companies • Insurance Companies • Stock/ Commodities Exchange • Other NBFC’s • Any other company which may derive 70% or more of its revenue from companies engaged in financial services The The net assets of the A) Asset allocation investment Scheme are invested under normal objective of primarily into equity circumstances: the scheme is and equity related • Equity and to generate instruments including Equity related income by equity derivatives. Instruments investing in The Scheme invests including arbitrage rest of the assets into derivatives - SBI Equity 1,352.41 40,307 opportunities debt and money 65% - 90% Savings Fund in the cash market instruments and for liquidity and Out of which: derivatives regular income. The - Cash future segment of expected returns arbitrage: 15%- the equity from this Scheme can 70%; market, and be attributed to the - Net long equity capital following return exposure: 20%- appreciation drivers: 50%

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through a ■ Cash and Futures moderate Equity Arbitrage: The • Debt and exposure in scheme endeavors to Money Market equity. achieve its primary Instruments However, objective of (including there is no generating income by margin for guarantee or exploitation of derivatives) – assurance arbitrage 10% - 35% that the opportunities in • Units issued by investment equities market. REITs & InvITs – objective of ■ Net Long Equity: 0% - 10% the scheme The Scheme may take will be limited long only B) Asset Allocation achieved. exposures to equity when adequate stocks in order to arbitrage generate market opportunities related returns. are not available ■ Debt and Money in the Derivative Market Instruments: and Equity The Scheme may markets, invest upto 35% of the net assets of the The alternate asset Scheme into debt and allocation on money market defensive instruments. This considerations portion of the would be in as per scheme assets is the allocation given discretionary to below: provide liquidity into • Equity and the scheme, Equity related management of Instruments derivative margins including and accrual of regular derivatives - income. 30% - 70%

Out of which:

- Cash future arbitrage: 0%- 45%; - Net long equity exposure: 20%- 50% • Debt and Money Market Instruments (including margin for derivatives) – 30% - 70%

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• Units issued by REITs & InvITs – 0% - 10% The scheme will adopt a passive The scheme investment strategy. will adopt a The scheme will passive invest in stocks investment comprising the Nifty strategy. The 50 index in the same scheme will proportion as in the invest in index with the stocks objective of achieving comprising returns equivalent to the Nifty 50 the Total Returns index in the Index of Nifty 50 same index by minimizing proportion as the performance in the index difference between with the the benchmark index objective of and the scheme. The achieving Total Returns Index is returns an index that reflects equivalent to the returns on the the Total Stocks comprising index from index Returns Index the Nifty 50 Index – gain/ loss plus of Nifty 50 95% - 100% SBI Nifty Index dividend payments by 793.05 34,955 index by Cash and Money Fund the constituent minimizing Market Instruments stocks. the – 0% - 5% The scheme will performance primarily invest in the difference securities constituting between the the underlying index. benchmark However, due to index and the changes in underlying scheme. The index the scheme Total Returns may temporarily hold Index is an securities which are index that not part of the index. reflects the For example, the returns on portfolio may hold the index securities not from index included in the gain/ loss respective underlying plus dividend index as result of payments by certain changes in the the underlying index such constituent as such as stocks. reconstitution,

addition, deletion etc. The fund manager’s

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endeavour would be to rebalance the portfolio in order to mirror the index; however, there may be a short period where the constituents of the portfolio may differ from that of the underlying index. These investments which fall outside the underlying index as mentioned above shall be rebalanced within a period of 30 days. The prime Fund will be investing objective of in equity & equity scheme is to related instruments deliver the as also debt benefit of instruments, and investment in money market a portfolio of instruments (such as equity money market, shares, while term/notice money offering market, repos, deduction on reverse repos and any Equities, such alternative to the call Cumulative investment money market as may Convertible SBI Long Term made in the be directed by the Preference Shares, Equity Fund scheme RBI). Investment shall and Fully (previously under section also be made in Partly Convertible 6,219.14 1,188,643 known as SBI 80C of the Convertible Debentures (FCDs) Magnum Income-tax Debentures (PCDs) & Bonds – 80 - Taxgain Act, 1961. It and bonds including 100% Scheme) also seeks to those issued on rights Money Market distribute basis subject to the Instruments – 0% - income condition that as far 20% periodically as possible the non- depending on convertible portion of distributable the debentures so surplus. acquired or Investments subscribed shall be in this divested within a scheme period of 12 months. would be The balance funds subject to a shall be invested in statutory short term money lock-in of 3 market instruments

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years from or other liquid the date of instruments or both. allotment to In line with CBDT avail Section guidelines, the Fund 80C benefits. will invest at least 80% of the net assets in equity and equity related instruments. The fund will follow a bottom-up approach to stock-picking and • Equities and choose companies equity related within the securities in To provide Consumption space. Consumption the investor The scheme will sector (including with the invest in stocks of derivatives and opportunity companies engaged foreign securities) of long term in: – 80%-100% capital 1. Consumer • Other equities appreciation durables SBI and equity related by investing 2. Consumer non- Consumption instruments – 0%- 526.55 72,000 in a durables Opportunities 20% diversified 3. Retail Fund • Units issued by portfolio of 4. Textiles REIT/InVIT – 0% - equity and 5. Auto OEM’s 10% equity 6. Media & • Debt instruments related entertainment (including securities in 7. Hotels, resorts & securitized debt) Consumption travel services. – 0% -20% space. 8. Education services Money Market 9. Airlines Instruments – 0% - 10. E-commerce 20% Consumer transportation & logistics services. Please refer to Common Equity KIM for guidelines, application forms and terms & conditions (including SIP, STP, SWP, Trigger, etc.)

Date: May 14, 2020

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