SBI Short Term Debt Fund This product is suitable for investors who are seeking:

 Investment in debt and money- market securities

 Regular income for short term

 Moderately low risk SBI Short Term Debt Fund

Disclaimer: Investors should consult their financial advisors if in doubt whether this product is suitable for them.

Scheme Highlights

Options Growth & Dividend

Plans Regular Plan & Direct Plan

Declaration of dividends on a weekly, fortnightly and monthly basis with Dividend reinvestment/payout facilities.

Rs. 5000 & in multiples of Rs. 1 thereafter Minimum Investment

SIP, STP, SWP facilities available Facilities Minimum Application- Rs.1000/week for 6 weeks, Rs.500/month for 12 months, Rs.1000/month for 6 months, Rs. 1500/quarter

Exit Load NIL Short Term Fund positioning

Duration profile

Dynamic Bond Fund Long Term Bond Funds

Short Term Bond

Funds

Yield Ultra Short Term Bond Funds

Liquid Funds

Short Term Bond Fund lies in between Liquid /Ultra Short term Funds & Long Term Bond Funds in terms of risk/return positioning Portfolio Analysis

Top 10 Holdings

Issuer Name % of AUM Instrument Breakdown

POWER FINANCE CORPORATION LTD 10.43

HDFC LIMITED 9.39 NCD, 73.77

ZCB, 0.37 GOVERNMENT OF 7.95 CBLO/Reverse RURAL ELECTRIFICATION CORP LTD 5.74 Repo, 9.06

POWER GRID CORPORATION LTD 5.70 Gsec, NCA, 2.67 10.23 CP, 3.90 RELIANCE HOME FINANCE LTD 5.12

LIC HOUSING FINANCE LTD 4.82 Ratings Breakdown % of NAV

INDIAN RAILWAY FINANCE CORPORATION LTD 4.10 Below AA+ 3.50

DAIMLER FINANCIAL SERVICES INDIA PVT. LTD. 4.06 AA+ 7.52

NATIONAL BK FOR AGRI & RURAL DEVPT 3.33 SOV/AAA 77.25

Total 60.64% Cash 11.73

Data as on April 30, 2017 Performance Report

12.0

10.0 SBI Short Term Debt Fund - Reg Plan - Growth 8.0

6.0 Scheme Benchmark: - Crisil Short Term Bond 4.0 Fund Index 2.0 Additional Benchmark: - Crisil 1 Yr T-Bill Index 0.0 31-Mar-2016 to 31-Mar-2015 to 31-Mar-2014 to Since Inception 31-Mar-2017 31-Mar-2016 31-Mar-2015

31-Mar-2016 to 31-Mar-2015 to 31-Mar-2014 to Since Inception 31-Mar-2017 31-Mar-2016 31-Mar-2015 PTP Returns Absolute Returns (%) CAGR Returns (%) (INR) SBI Short Term Debt Fund 9.10 8.07 10.27 6.79 18,901 Crisil Short Term Bond Fund Index (Scheme Benchmark) 9.10 8.47 10.33 8.19 21,425 Crisil 1 year T-Bill Index (Additional Benchmark) 7.15 7.69 8.74 6.36 18,173

Past performance may or may not be sustained in future. Returns (in %) other than since inception are absolute, calculated for regular plan, growth option and in INR are point-to-point (PTP) returns calculated on a standard investment of 10,000/- Additional benchmark as prescribed by SEBI for short-term debt schemes is used for comparison purposes.

Data as on March 31, 2017 Scheme Highlights

Investment Objective: To provide investors with % of net Risk Type of Instrument an opportunity to generate regular income assets profile

through investments in a portfolio comprising of Debt securities including money- 65-100 Low to debt instruments which are rated not below market instruments and debt Medium Derivatives investment grade by a credit rating agency and money market instruments. Securitized Debt 0-35 Medium

Average Maturity: Portfolio average maturity Average Maturity over last 12 months is capped at 3 years. Average maturity is 5

tactically maintained within the boundary 4 range. 3.07 2.93 2.87 2.88 3 2.77 2.63 2.61 2.62 2.33 2.48 2.15 2.03 2

1

0 Trends in short term rates

12.0 MIBOR 91 Days T-bill 3 Month CD Rate 12 Month CD Rate 11.0

10.0

9.0

8.0 Rates 7.0

6.0

5.0

Less volatility is expected in short-term rates in the near term as RBI has engaged in active liquidity management.

Source: Bloomberg as on April 30, 2017

Narrowing Spreads Between the Long term and the Short term Bonds

AAA

11

10

9

8 Percentage

7

6

1 Year AAA 3 Year AAA

Corporate bond spreads have recently corrected to lower levels

Source: Bloomberg as on April 30, 2017 Current Investment Approach

 The portfolio would be invested in mark to market securities, with exposure to non mark to market securities kept largely for liquidity requirements and on a tactical basis .

 The Portfolio in normal cases to have higher maturity / duration & mark to market component vis-à-vis liquid & ultra short term funds.

 Investments in scheme suitable for investors having investment horizon of at least 3 months to a year.

 While liquidity conditions are broadly supportive, market levels do not provide comfort for maintaining a higher maturity profile, given RBI stance, near term external dynamics & expected unwinding of current surplus liquidity.

 The scheme would maintain a predominantly AAA /AA+ focus on credit, while taking selective exposure to non AAA bonds with a rating floor of AA-.

Focus on Fundamental Research & Risk Management

. Focus on consistent – Fundamental research based approach and focus on above average risk risk management to generate consistent above adjusted returns average returns

. Fundamental – Capturing inefficiencies in the Fixed income markets research based that give rise to multiple sources of alpha through approach disciplined risk taking

. Focus on risk – Risk management is crucial to achieving the management investment objective and is an integral part of portfolio management.

. Identifying multiple – Sharper focus on credit research: credit cycles will be sources of alpha shorter and lack of liquidity pose another challenge. Biographies

Rajeev Radhakrishnan Navneet Munot CFA, Chief Investment Officer CFA, Head of Fixed Income

Navneet Munot joined SBI Funds Management as Rajeev joined SBIFM as a fixed income portfolio Chief Investment Officer in December 2008. He manager in 2008. He currently heads the Fixed brings with him over 15 years of rich experience in Income desk at the AMC. Prior to joining SBIFM, Financial Markets. In his previous assignment, he was Rajeev was Co-Fund Manager for Fixed Income the Executive Director & Head - multi - strategy with UTI Asset Management for seven years. boutique with Morgan Stanley Investment Rajeev is an Engineering graduate and holds a Management. Masters degree in finance from Prior to joining Morgan Stanley Investment University. He is also a charter holder of the CFA Management, he worked as the CIO - Fixed Income Institute, USA and Hybrid Funds at Birla Sun Life Asset Management Company Ltd. Navneet had been associated with the financial services business of the group for over 13 years and worked in various areas such as fixed income, equities and foreign exchange. Navneet is a postgraduate in Accountancy and Business Statistics and a qualified Chartered Accountant. He is also a Charter holder of the CFA Institute USA and CAIA Institute USA. He is also an FRM Charter holder of Global Association of Risk Professionals (GARP). Performance of other schemes managed by Mr. Rajeev Radhakrishnan

Since Inception Since Inception 31-Mar- 31-Mar- 31-Mar- 31-Mar- 31-Mar- 31-Mar- 2016 to 31- 2015 to 31- 2014 to 31- 2016 to 2015 to 2014 to Managing since June, Mar-2017 Mar-2016 Mar-2015 31-Mar- 31-Mar- 31-Mar- Managing since 2008 CAGR PTP November, 2013 2017 2016 2015 Absolute Returns Returns CAGR Returns (%) Absolute PTP Returns (%) (INR) Returns Returns (%) (INR) SBI Ultra Short Term (%) Debt Fund - Growth 7.87 8.48 9.14 7.96 21,005 SBI Treasury Advantage Fund - Growth CRISIL Short Term 7.73 8.69 9.73 8.24 18,076 Bond Fund Index CRISIL 1 year CD Index (Scheme Benchmark) 7.11 8.06 8.98 7.56 20,255 (Scheme Benchmark) 7.86 8.54 9.32 N.A. N.A. Crisil 1 Year T-Bill Index (Additional Crisil 1 Year T-Bill Index (Additional benchmark) benchmark) 7.15 7.69 8.74 6.36 18,173 7.15 7.69 8.74 6.60 16,131

31-Mar- 31-Mar- 31-Mar- Since Inception 31-Mar- 31-Mar- 31-Mar- 2016 to 2015 to 2014 to Since Inception 2016 to 2015 to 2014 to 7 Days 15 Days 30 Days 31-Mar- 31-Mar- 31-Mar- Managing since 31-Mar- 31-Mar- 31-Mar- Managing since June, 2017 2016 2015 May, 2010 2017 2016 2015 2008 CAGR PTP CAGR PTP SA Returns Absolute Absolute Returns (%) Return Return Returns Returns (%) Returns (%) s (%) s (INR) (%) (INR) SBI Magnum SBI Magnum Children’s Insta-Cash Fund Benefit Plan - Growth 20.61 6.86 28.49 10.73 46,649 – Growth Plan 6.72 6.66 6.73 7.22 8.22 8.93 7.39 35,778 CRISIL Liquid CRISIL MIP Blended Fund Index Index (Scheme (Scheme Benchmark) 12.30 5.67 16.45 N.A. N.A. Benchmark) 7.21 7.18 6.68 7.11 8.06 8.98 N.A. N.A. Crisil 1 Year T- Crisil 10 year Gilt Index Bill Index (Additional benchmark) (Additional 11.87 7.97 14.57 6.85 27,232 benchmark) 4.68 6.07 6.86 7.15 7.69 8.74 6.59 31,278 Past performance may or may not be sustained in the future. Returns (in %) other than since inception are absolute calculated for growth option and in INR are point-to-point (PTP) returns calculated on a standard investment of 10, 000/-. Additional benchmark as prescribed by SEBI for long- term and short-term debt schemes is used for comparison purposes only. Performance calculated for regular plan. Disclaimer

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

This presentation is for information purposes only and is not an offer to sell or a solicitation to buy any units/securities. These views alone are not sufficient and should not be used for the development or implementation of an investment strategy. It should not be construed as investment advice to any party. All opinions and estimates included here constitute our view as of this date and are subject to change without notice. Neither SBI Funds Management Private Limited, nor any person connected with it, accepts any liability arising from the use of this information. The recipient of this material should rely on their investigations and take their own professional advice

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