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Front Cover Page SCHEME INFORMATION DOCUMENT SBI Asset Allocation Fund of Fund Scheme An open ended fund of fund scheme Offer of Units of Rs. 10 each for cash during the New Fund Offer and NAV related prices on Ongoing basis New Fund Offer Opens on: _______ New Fund Offer Closes on: _______ Scheme re-opens on: ____________ Mutual Fund Trustee Company Asset Management Company SBI Mutual Fund SBI Mutual Fund Trustee Company SBI Funds Management Private Limited Private Limited ('Trustee Company') ('AMC') (A joint venture between SBI and SGAM) Corporate Office Registered Office: Registered Office: 191, Maker Towers ‘E’, 19th 191, Maker Towers ‘E’, 19th Floor, 191, Maker Towers ‘E’, 19th Floor, Cuffe Floor, Cuffe Parade Cuffe Pa rade Mumbai Parade, Mumbai - 400 005 Mumbai - 400 005 - 400 005 Website: www.sbimf.com The particulars of the Scheme have been prepared in accordance with the Securities and Exchange Board of India (Mutual Funds) Regulations 1996, (herein after referred to as SEBI (MF) Regulations) as amended till date, and filed with SEBI, along with a Due Diligence Certificate from the AMC. The units being offered for public subscription have not been approved or recommended by SEBI nor has SEBI certified the accuracy or adequacy of the Scheme Information Document. The Scheme Information Document sets forth concisely the information about the scheme that a prospective investor ought to know before investing. Before investing, investors should also ascertain about any further changes to this Scheme Information Document after the date of this Document from the Mutual Fund / Investor Service Centres / Website / Distributors or Brokers. The investors are advised to refer to the Statement of Additional Information (SAI) for details of SBI Mutual Fund, Tax and Legal issues and general information on www.sbimf.com. SAI is incorporated by reference (is legally a part of the Scheme Information Document). For a free copy of the current SAI, please contact your nearest Investor Service Centre or log on to our website. The Scheme Information Document should be read in conjunction with the SAI and not in isolation. This Scheme Information Document is dated ________. TABLE OF CONTENTS Particulars Page No. Highlights of the Scheme 3 Introduction (Chapter I) 5 Definitions 10 Due Diligence Certificate 14 Information about the Scheme (Chapter II) 15 Units and Offer (Chapter III) 22 On Going Offer Details 28 Fees and Expenses (Chapter IV) 37 Rights of Unit holders (Chapter V) 40 Penalties, Pending Litigation or Proceedings etc. 41 (Chapter VI) Point of acceptance 43 2 HIGHLIGHTS OF THE SCHEME Type of Scheme An open ended fund of fund scheme Investment Objective The investment objective of the fund is to generate growth & regular income by investing in various mutual fund schemes. Plans SBI Asset Allocation Fund of Fund scheme has three plans: SBI Asset Allocation Fund of Fund (FoF) – Moderate Plan SBI Asset Allocation Fund of Fund (FoF) - Balanced Plan SBI Asset Allocation Fund of Fund (FoF)– Aggressive Plan Liquidity Open-ended. Fresh Purchases and Redemptions at prices related to Applicable NAV on all Business days Fund Manager Mr. Sankar Chebiyyam & Mr. Dharmendra Grover Benchmark Index SBI Asset Allocation Fund of Fund (FoF) - Moderate Plan – Crisil MIP Blended Fund Index SBI Asset Allocation Fund of Fund (FoF) - Balanced Plan – Crisil Balanced Fund Index SBI Asset Allocation Fund of Fund (FoF) - Aggressive Plan – BSE 100 The funds collected under each plan shall generally be invested Asset Allocation consistent with the objective of the plan in the following manner: Moderate Plan: Indicative allocations Risk Profile Instruments (% of total assets) Maximum Minimum High/Medium/Low Debt & Liquid 90% 80% Low to medium Funds Equity Funds 20% 10% High Gold ETF 10% 0% High Money Market 10% 0% Low Instruments Balanced Plan: Indicative allocations Risk Profile Instruments (% of total assets) Maximum Minimum High/Medium/Low Debt & Liquid 60% 40% Low to medium Funds Equity Funds 60% 40% High Gold ETF 30% 0% High Money Market 10% 0% Low Instruments Aggressive Plan: Indicative allocations Risk Profile Instruments (% of total assets) Maximum Minimum High/Medium/Low Debt & Liquid 40% 0% Low to medium Funds Equity Funds 100% 60% High Gold ETF 50% 0% High Money Market 10% 0% Low 3 Instruments Transparency The AMC will allot units/ refund of money and dispatch statements of accounts within five business days from the closure of the NFO and scheme shall be available for ongoing repurchase/sale within five business days of allotment. The AMC will calculate and disclose the first NAV of the Scheme not later than 5 business days from the date of allotment. Subsequently, NAV will be calculated on all Business Day and released to the Press and the Association of Mutual Funds of India (AMFI). NAVs will also be displayed on the Website of the Mutual Fund. AMC shall disclose the NAV on the AMFI website (www.amfiindia.com) and on the website of the Fund by 10.00 a.m. the following business day. As presently required by the SEBI Regulations, a complete statement of the Scheme portfolio would be published by the Mutual Fund as an advertisement in one English daily Newspaper circulating in the whole of India and in a newspaper published in the language of the region where the Head Office of the Mutual Fund is situated within one month from the close of each half year (i.e. March 31 & September 30) or mailed to the Unit holders. Loads During NFO as well as Ongoing basis Entry Load : Not Applicable Exit Load : Exit within 1 year from the date of allotment – 1 % Exit after 1 year from the date of allotment - Nil The AMC reserve the right to modify / change the Load Structure on a prospective basis. Minimum Investment size Rs. 5000/- and in multiples of Re. 1/- Plans /Options Under each plan - Dividend Option and Growth Option. Under the Dividend option, facility for Payout and Reinvestment of dividend is available Default Option: Default Option : Growth Default Sub-option: Dividend Reinvestment Minimum Redemption size Rs.1000/- or 100 Units or account balance whichever is lower Minimum Target Amount For each plan - Rs. 1 Crore 4 I. INTRODUCTION A. RISK FACTORS 1. Standard Risk Factors: 1. Mutual Fund units and security investments are subject to market risks and there is no assurance or guarantee that the objectives of the Scheme will be achieved. 2. As with any investment in securities, the NAV of the Units issued under the Scheme can go up or down depending on the factors and forces affecting the capital markets. 3. Past performance of the Sponsors / AMC / Mutual Fund or their affiliates is not necessarily indicative of the future performance of the Scheme. 4. The Sponsors are not responsible or liable for any loss resulting from the operation of the Scheme beyond the initial contribution of Rs.1 lakh made by them towards setting up the Mutual Fund or such other accretions and additions to the same. 5. SBI Asset Allocation Fund of Fund scheme is the name of the Scheme and does not in any manner indicate either the quality of the Scheme or its future prospects and returns. 6. The NAV’s of the Scheme may be affected by the changes in the general market conditions, factors and forces affecting the capital markets in particular, level of interest rates, various market related factors and trading volumes, settlement periods and transfer procedures, currency exchange rates, changes in the government policies, taxation laws, any other policies, political and economic developments etc. 7. Subject to the Regulations, the Sponsor / affiliates / subsidiaries, the AMC or the Board of Trustees may invest either directly or indirectly in the Scheme. These entities may acquire a substantial portion of the Scheme’s units and collectively constitute a major investor in the Scheme. Accordingly, redemption of units by these entities may have an adverse impact on the units of the Scheme because the timing of such redemption may impact the ability of other unitholders to redeem their units. The same impact would exist for any large investor, who holds a significant number of units of the Scheme. 8. In the event of receipt of an inordinately large number of redemption requests and inability of the Underlying Scheme(s) to generate enough liquidity because of market conditions, there may be delays in redemption of units. 9. The liquidity of the Scheme's investments is inherently restricted by liquidity of Underlying Schemes. 10. Unitholders of the Scheme are not being offered any guarantee / assured returns. 11. Changes in government policy in general and in tax benefits applicable to mutual funds may impact the returns to investors in the Scheme. 2. Scheme Specific Risk Factors: a. SBI Asset Allocation Fund of Fund Scheme would be investing in the different underlying schemes of mutual funds. Trading volumes, settlement periods and transfer procedures may restrict the liquidity of the investments made by the underlying scheme of mutual funds wherein the Scheme has invested. As a result, the time taken by the Mutual Fund for the redemption of units may be significant in the event of a high number of redemption requests or a restructuring of the scheme. In view of the above, the Trustee 5 has a right in its sole discretion, to limit redemptions under certain circumstances as described under the section titled Right to Limit Redemptions. b. The Mutual Fund is not assuring any dividend nor is it assuring that it will make any dividend distributions. All dividend distributions are subject to the availability of distributable surplus and would depend on the performance of the scheme. c. Investments under the scheme may also be subject to the following risks: 1.
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