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

 Long term capital appreciation.  Investments in high growth companies along with the liquidity of an open-ended scheme through investments primarily in equities.

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

WHY LARGE CAP?

INVESTMENT MANAGEMENT PROCESS

SBI MAGNUM EQUITY FUND

CURRENT PORTFOLIO HOLDING

FUND STATISTICS

SYNOPSIS

PERFORMANCE

FUND MANAGER BIOGRAPHIES

Why Large Cap?

Annual Returns 150 140% 140 120% 130 100% 80% 120 60% 110 40%

20% 100

based to 100 to based - 0% 90 -20% Re -40% 80 -60%

2009 2010 2011 2012 2013 2014 2015 2016 2017

Feb/16 Feb/17

Aug/15 Aug/16

Nov/15 Nov/16

May/15 May/16 May/17

S&P BSE Large Cap S&P BSE Mid Cap S&P BSE Small Cap S&P BSE Large Cap S&P BSE Mid Cap S&P BSE Small Cap

Source: Bloomberg

 Large caps are generally more consistent & stable In a downward trending market, large caps tend to compared to small caps. outperform mid and small caps  While they may not generate aggressive returns , one  Large caps generally recover faster than small and mid may not see large declines in them either cap stocks

Past performance may or may not be sustained in future Data as on 31.05. 2017 Process

Stock Universe

Quant Screening

Fundamental analysis

Investment Universe

Fund Mandate Risk Controls Portfolio

A robust investment management process for portfolio construction to provide diversification as well as maintain a balance of risk: return SBI Magnum Equity Fund

Fund Philosophy

• Currently a focused large cap fund • A concentrated portfolio, investing in 25 to 40 stocks, yet offering adequate diversification benefit • Follows a top-down approach for investment, starting with analyzing the broader economic outlook, then identifying the sectors & eventually narrowing down to stock selection

FUND FEATURES

TOP DOWN APPROACH STYLE BOX QUANTITATIVE ANALYSIS

Macro Outlook Standard deviation 13.55%

Growth Blend Value Beta# 0.95

Sector Large Allocation Sharpe ratio# 0.63

Mid Total expense ratio 2.10% (Regular)

Small Total expense ratio Stock Selection 1.56% (Direct)

Source: CRISIL Fund Analyser. Risk Free rate : Overnight Interbank Outright Rate (6.25% as on 31/May/2017). Basis for Ration Calculation : 3 Years Daily Data Points

SBI Magnum Equity Fund: Portfolio Holdings

Top Sectors (%) Top 10 Holdings

Stock Name % of Total AUM MEDIA & ENTERTAINMENT 1.95 HDFC BANK LTD. 9.83 CONSTRUCTION 3.35 ICICI BANK LTD. 7.97 TELECOM 3.36 ITC LTD. 7.22 AUTOMOBILE 4.32 STATE BANK OF 6.33 SERVICES 5.20 INFOSYS LTD. 5.25 PHARMA 6.06 HCL TECHNOLOGIES LTD. 5.19 CONSUMER GOODS 9.17 RELIANCE INDUSTRIES LTD. 4.58 ENERGY 11.15 LTD. 4.24 IT 14.39 BHARTI AIRTEL LTD. 3.36 FINANCIAL SERVICES 36.54 LARSEN & TOUBRO LTD. 3.35

Data as on 31.05.2017 Fund Statistics

FUND MANAGER Mr. R. SRINIVASAN

INCEPTION DATE JAN 01, 1991 BENCHMARK NIFTY 50 Index

Dividend History

NAV Dividend Record Date (on the day of declaration (in Rs./ Unit) of dividend) 29-Apr-16 (Regular Plan) 4.50 27.48 29-Apr-16 (Direct Plan) 5.00 32.32 24-Apr-15 (Regular Plan) 6.00 31.75 24-Apr-15 (Direct Plan) 7.00 36.76 02-May-14 (Regular Plan) 4.00 27.88 14-Dec-12 4.00 32.22 28-Jan-11 3.50 28.44 31-Dec-09 5.00 29.27 07-Nov-07 5.00 36.61 Face Value Rs. 10/-

Past performance may not be sustained in the future. Pursuant to payment of dividend, the NAV of Dividend option of scheme/plan would fall to the extent of payout and statutory levy, if applicable. Synopsis

Large caps are relatively consistent & stable compared to mid & small cap

SBI Magnum Equity Fund backed by robust investment management process

SBI Magnum Equity Fund: focused large cap fund investing into 25-40 stocks

Follows a top-down approach of investing Performance

50

40

30 SBI Magnum Equity Fund - Reg Plan - Dividend 20 Scheme Benchmark: - Nifty 50 Additional Benchmark: - S&P BSE Sensex 10

0 31/12/2015 to 31/12/2014 to 31/12/2013 to Since Inception 30/12/2016 31/12/2015 31/12/2014 -10

31/12/2015 to 31/12/2014 to 31/12/2013 to Since Inception 30/12/2016 31/12/2015 31/12/2014

CAGR PTP Returns Absolute Returns (%) Returns (%) (INR)

SBI Magnum Equity Fund 4.51 2.43 42.65 14.42 332,896

Nifty 50 Index (Scheme Benchmark) 3.01 -4.06 31.39 13.29 256,648

S&P BSE Sensex (Additional Benchmark) 1.95 -5.03 29.89 13.45 266,462

Past performance may or may not be sustained in future. Returns (in %) other than since inception are absolute, calculated for dividend option and in INR are point-to-point (PTP) returns calculated on a standard investment of 10,000/-. It is assumed that dividends declared under the scheme have been reinvested at the then prevailing NAV. Growth option introduced on 27/11/2006. Additional benchmark as prescribed by SEBI for equity schemes is used for comparison purposes. Performance of dividend plan for investor would be net of dividend distribution tax as applicable. Performance calculated for Regular Plan. Performance of Schemes Managed by R. Srinivasan

31/12/15 to 31/12/14 to 31/12/13 to 31/12/13 Since Inception 31/12/15 to 31/12/14 to 30/12/16 31/12/15 31/12/14 to Since Inception 30/12/16 31/12/15 CAGR 31/12/14 PTP Returns Absolute Returns (%) Returns (INR) CAGR PTP (%) Absolute Returns (%) Returns Returns SBI Magnum Global -2.00 7.92 66.56 14.54 205,545 (%) (INR) Fund SBI Emerging S&P BSE Midcap Businesses Fund 2.22 4.33 58.02 20.10 94,987 Index (Scheme 4.69 8.04 54.37 N.A. N.A. S&P BSE 500 Index Benchmark) (Scheme Benchmark) 3.78 -0.82 36.96 13.83 49,160 S&P BSE Sensex S&P BSE Sensex (Additional 1.95 -5.03 29.89 8.56 62,197 (Additional 1.95 -5.03 29.89 13.59 47,879 Benchmark) Benchmark)

Past performance may or may not be sustained in future. Returns Past performance may or may not be sustained in future. Returns (in (in %) other than since inception are absolute, calculated for dividend %) other than since inception are absolute, calculated for growth option option and in INR are point-to-point (PTP) returns calculated on a and in INR are point-to-point (PTP) returns calculated on a standard standard investment of 10,000/-. It is assumed that dividends declared investment of 10,000/-. Additional benchmark as prescribed by SEBI for under the scheme have been reinvested at the then prevailing NAV. equity schemes is used for comparison purposes. Performance calculated Growth option introduced on 27/06/2005. Additional benchmark as for Regular Plan. prescribed by SEBI for long-term equity schemes is used for comparison purposes. Performance calculated for Regular Plan. Performance of dividend plan for investor would be net of dividend distribution tax as applicable. 31/12/15 to 31/12/14 to 31/12/13 to Since Inception 30/12/16 31/12/15 31/12/14

Absolute Returns (%) CAGR Returns (%) PTP Returns (INR)

SBI Contra Fund 2.40 -0.10 47.66 19.34 220,670 S&P BSE 100 Index (Scheme Benchmark) 3.57 -3.25 32.28 12.45 77,983 S&P BSE Sensex (Additional Benchmark) 1.95 -5.03 29.89 10.97 61,830 Past performance may or may not be sustained in future. Returns (in %) other than since inception are absolute, calculated for dividend option and in INR are point-to-point (PTP) returns calculated on a standard investment of 10,000/-. It is assumed that dividends declared under the scheme have been reinvested at the then prevailing NAV. Growth option introduced on 06/05/2005. Additional benchmark as prescribed by SEBI for equity schemes is used for comparison purposes. Performance of dividend plan for investor would be net of dividend distribution tax as applicable. Performance calculated for Regular Plan

Performance of Schemes Managed by R. Srinivasan

31/12/15 to 31/12/14 to 31/12/13 to Since Inception 30/12/16 31/12/15 31/12/14 CAGR Absolute Returns (%) PTP Returns (INR) Returns (%) SBI Small and Midcap Fund – Growth 1.29 20.56 110.66 18.73 35,098 S&P BSE Small Cap Index (Scheme Benchmark) 1.77 6.76 69.24 7.33 16,769 S&P BSE Sensex (Additional Benchmark) 1.95 -5.03 29.89 7.05 16,453

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

Performance of Scheme Managed by R. Srinivasan & Dinesh Ahuja

31/12/15 to 31/12/14 to 31/12/13 to Since Inception 30/12/16 31/12/15 31/12/14 CAGR Absolute Returns (%) PTP Returns (INR) Returns (%) SBI Magnum Balanced Fund – Growth 3.70 7.36 43.24 15.92 230,437 Crisil Balanced Fund Index (Scheme Benchmark) 6.66 0.48 25.34 N.A. N.A. S&P BSE Sensex (Additional Benchmark) 1.95 -5.03 29.89 9.90 74,315

Past performance may or may not be sustained in future. Returns (in %) other than since inception are absolute, calculated for dividend option and in INR are point-to-point (PTP) returns calculated on a standard investment of 10,000/-. It is assumed that dividends declared under the scheme have been reinvested at the then prevailing NAV. Growth option introduced on 25/05/2005. Additional benchmark as prescribed by SEBI for equity schemes is used for comparison purposes. Performance calculated for Regular Plan Performance of dividend plan for investor would be net of dividend distribution tax as applicable. Performance calculated for Regular Plan Performance of Schemes Managed by R. Srinivasan

NAV of the Schemes managed by the Fund Manager

Scheme Name 31/03/2017 31/03/2016 31/03/2015 31/03/2014

SBI Magnum Equity Fund - Growth 86.0038 72.7772 75.4111 53.9569

SBI Emerging Businesses Fund - 107.2962 90.0162 91.3274 59.3896 Growth

SBI Magnum Global Fund 94 - Growth 145.9724 126.6779 135.0365 81.3419

SBI Contra Fund - Growth 99.9558 83.5901 89.9794 61.9512

SBI Small & Midcap Fund - Growth 40.8611 31.268 28.777 15.1537

SBI Magnum Balanced Fund - Growth 109.1553 94.7017 94.9637 66.1133

13 Biographies

• Mr. Navneet Munot

Navneet joined SBIFM as Chief Investment Officer in 2008. In his role Navneet is responsible for overseeing investments across asset classes worth over $29.10 billion. His prior stint was with Morgan Stanley Investment Management as Executive Director and head- multi strategy boutique. Prior to that, Navneet was the Chief Investment Officer - Fixed Income and Hybrid Funds at Birla Sun Life Company Ltd. Navneet had been associated with the financial services business of the Birla group for 14 years and worked in various areas such as fixed income, equities and foreign exchange. Navneet holds masters in accountancy and business statistics from the University of Ajmer and is a Chartered Accountant from ICAI. He is 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).

• Mr. R. Srinivasan

Mr. Srinivasan joined SBI Funds Management as a Senior Fund Manager in May 2009, now heads equities and also directly manages a few funds. He has an experience of nearly 20 years in capital markets having worked with FCH, Principal PNB, Oppenheimer & Co, Indosuez WI Carr and Motilal Oswal, among others. Srinivasan is a post graduate in commerce and has done his MFM from the University of Bombay.

SBI Funds Management

. India’s premier and largest bank with over 200 . Global leader in asset management years experience (Estd: 1806) . Backed by Credit Agricole and , the parent . Asset base of USD 465bn* company of Amundi Asset Management listed in Euronext Paris . Pan-India network of ~23,737 branches and 59,108 ATM’s as at end of December 2016 . More than 2,000 institutional clients and distributors in 30 countries . Servicing over 299 million customers Over 100 million retail clients via its partner . Only in Fortune 500 list; ranked . networks among the top 100 banks in the world . USD 1083 bn AuM as at end of December 2016 . Ranking No 1 in Europe, Top 10 worldwide #

63% 37%

*Source: SBI Analyst Presentation as on end December 2016. USD 1 = INR 67.95 # Source : Amundi website as on end DEcember 2016 SBI Funds Management: India’s First Bank Sponsored Funds

A leading asset manager in India

Broad AUM Investor USD 14.09 bn Base

 INR 1,57,025 Crores* AAUM in mutual funds Broad AAUM Investor Rs. 1,57,025 crs  Asset management across mutual funds, segregated managed Base Experienced accounts, domestic advisory & offshore advisory business Wide Investment Distribution Network Team  Multiple asset classes ranging from equities and debt, money Experienced market to ETFs and structured funds Wide Distribution Investment Network Team  Investment team of 35 professionals with strong track record Extensive Product Range  Broad customer base with ~ 5.10 million folios related to Extensive individual, corporate and institutional investors Product Range

* Quarterly average March 2017 SBIFM: A Complete Framework

Group Advantage 25 years of experience Both domestic and international strengths Investors trust Expertise Highly experienced Risk team Management Strong industry Six member team relations Coherent monitoring Complete in-house research Processes Structured & Disciplined Rigorous investment templates Agility with Flexibility Disclaimer

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

This presentation is for information purposes only and is not an offer to sell or a solicitation to buy any mutual fund units/securities. The views expressed herein are based on the basis of internal data, publicly available information & other sources believed to be reliable. Any calculations made are approximations meant as guidelines only, which need to be confirmed before relying on them. These views alone are not sufficient and should not be used for the development or implementation of an investment strategy. It should not be construed as investment advice to any party. All opinions and estimates included here constitute our view as of this date and are subject to change without notice. Neither SBI Funds Management Private Limited, SBI Mutual Fund nor any person connected with it, accepts any liability arising from the use of this information. The recipient of this material should rely on their investigations and take their own professional advice