SBI Money-Market Funds This product is suitable for investors who are seeking: SBI Premier Liquid Fund Investment in debt and money- market securities Regular income for short term SBI Ultra Short Term Debt Fund Low risk Disclaimer: Investors should consult their financial advisors if in doubt whether this product is suitable for them. Why Money Market Funds? Liquidity Transparency • To manage short term cash surplus of •Clearly defined investment universe & investors asset allocation • To provide optimal returns with •All disclosures & portfolios publicly moderate levels of risk & high liquidity available on a monthly basis Low Risk Investor Suitability • Limits in holdings & maturities clearly •Suitable for investors having investment defined horizon even as low as one day • Investments are made only in high •Ideal for investors who have a short- quality money market instruments term investment horizon and low risk appetite Monetary Tools & Money Market Instruments Main Policy Tools Money Market Funds – Investment Universe . Treasury Bills (T-Bills) : discount securities auctioned by RBI ; Tenors ranging 91 days to . Liquidity Adjustment Facility (LAF) : Auction 1year process by which banks borrow from ( at repo rate) or lend to (reverse repo rate) RBI to guide . Certificates of Deposit (CDs) : issued by banks overnight call rates and financial institutions ; Tenors: 7 days-1 year . Cash Reserve Ratio (CRR): Mandatory Cash . Commercial Paper (CPs) : unsecured notes balance maintained by banks with RBI (3%- issued by corporates and financial institutions to 20% of Net Demand and Time Liabilities – fund their working capital requirements ; NDTL), currently 4.00% umbrella limit set by RBI ; Tenors: 7 days-1 year . Statutory Liquidity Ratio (SLR) : Balance of . Collateralized Borrowing and lending NDTL held by banks in safe and liquid assets Obligations (CBLO) : discounted instruments (e.g. government securities, cash , gold) ; with 1 day – 1 year maturity collateralized by currently 22% Government securities placed with Clearing Corporation of India (CCIL) . Open Market Operations (OMO) : purchases / sales of government securities in the market to . Reverse Repos : transactions engaged on regulate (soak or inject) liquidity in the system overnight basis with market participants collateralized by GSecs, T-Bills, AA-rated Bonds , currently 6.00% SBI Premier Liquid Fund Fund Manager: Mr. Rajeev Radhakrishnan Inception Date: 24-Nov-2003 AUM : INR 25263Crs. Purpose: Addressing cash management requirements of large corporates and institutions. CBLO/Rever NCA, 0.49 se Repo, Short Term 9.58 Deposits, CD, 10.84 Composition: A low risk product invested in a 9.11 diversified selection of high quality issues (CPs and CDs) with a maturity lesser than or up to 91 days. T-Bills, 5.08 Minimum P1 short term rating for portfolio holdings. NCD, 1.13 Current Outlook: With issuances of Market CP, 63.76 Stabilization Scheme and Cash Management Bills the overnight rates have expectedly started to settle upwards. The near term strategy remains to have lower exposure to securities >60 days maturity. Ratings breakdown (%) Benchmark : CRISIL Liquid Fund Index Below AA+ 0.20 Risk controls Over limits in assets ; Maturity by issuer AA+ 0.30 Risk diversification and Liquidity. SOV,AAA and Equivalent 80.32 NCA(Incl. Cash, Deposits and Equity) 19.18 SBI Premier Liquid Fund 10.0 9.0 8.0 SBI Premier Liquid Fund - Reg Plan - Growth 7.0 6.0 5.0 Scheme Benchmark: - Crisil Liquid Fund 4.0 3.0 Index 2.0 1.0 Additional Benchmark: - Crisil 1 Yr T-Bill 0.0 Index 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 7 Days 15 Days 30 Days Since Inception 31-Mar-2017 31-Mar-2016 31-Mar-2015 CAGR SA Returns (%) Absolute Returns (%) Returns PTP Returns (%) (INR) SBI Premier Liquid Fund 6.90 6.76 6.67 7.14 8.21 8.93 7.77 21,176 Crisil Liquid Fund Index (Scheme Benchmark) 7.21 7.18 6.68 7.11 8.06 8.98 7.64 20,933 Crisil 1 year T-Bill Index (Additional Benchmark) 4.68 6.07 6.86 7.15 7.69 8.74 6.49 18,793 Past performance may or may not be sustained in future. Returns (in %) up to 30 days are simple annualized and returns 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 SBI Ultra Short Term Debt Fund Fund Manager: Mr. Rajeev Radhakrishnan Inception Date: 27-Jul-2007 AUM : INR 10853 Crs. Purpose: Aiming to offer an incremental return over liquid funds due to moderate exposure to MTM assets. These are ideal solutions for investors with investment NCD, 41.58 horizon greater than three months. Composition: The fund invests in a broad array of money market and debt instruments having residual MF Units, T-Bills, 7.24 maturity up to one year, taking slightly higher interest 10.74 rate risk compared to liquid funds. ZCB, 3.05 CBLO/Rever Gsec, 1.91 CD, se Repo, Current Outlook: The incremental focus would be on CP, 30.55 0.59 2.14 capturing a reasonable term premium within the portfolio through short term Money market securities and bonds. Ratings breakdown Percentage Benchmark: CRISIL Liquid Fund Index Below AA+ 11.76 Risk controls: Over issuers’ quality; Risk dispersion AA+ 8.00 processes and liquidity SOV,AAA and Equivalent 65.16 Cash 15.08 SBI Ultra Short Term Debt Fund 10.0 9.0 8.0 SBI Ultra Short Term Debt Fund - Reg Plan - 7.0 Growth 6.0 5.0 Scheme Benchmark: - Crisil Liquid Fund Index 4.0 3.0 2.0 1.0 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 Absolute Returns CAGR Returns PTP Returns (%) (%) (INR) SBI Ultra Short Term Debt Fund 7.87 8.48 9.14 7.96 21,005 Crisil Liquid Fund Index (Scheme Benchmark) 7.11 8.06 8.98 7.56 20,255 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 Key Metrics SBI Premier Liquid SBI Ultra-short Term Debt Fund Fund 0.09 years 0.61 years Average Maturity 0.08 0.56 Modified Duration 6.50% 7.02% YTM 0.16 (Reg.) 0.42 (Reg.) Expense Ratio* 0.10 (Dir.) 0.34 (Dir.) Data as on April 30, 2017 *Average for the month of April, 2017 Product Features SBI Ultra Short Term SBI Premier Liquid Fund SBI Debt Fund Series Debt Fund Load Structure Entry Load Nil Nil Nil Exit Load/CDSC Nil Nil Nil Transaction Cut off Subscription 2.00 P.M# 3.00 P.M 3.00 P.M Redemption 3.00 P.M 3.00 P.M 3.00 P.M Taxation* Dividend Distribution Tax Individual/HUF & NRI 28.84% 28.84% 28.84% Others 34.61% 34.61% 34.61% Capital Gains Short Term (equal to or below 3 years) At marginal tax rate of the investors Long Term (above 3 years) 20.00% with indexation benefit *All tax rates are exclusive of surcharge (10%) & Cess (3%); # Funds have to be wired before this time Operational procedures – New Corporate Customers: KYC Compliance Mandatory execution of KYC Form by authorized signatories. Application Forms KYC Application available with SBI FM offices across the country. Forms can also be downloaded Form from following link : http//www.sbimf.com/Downloads/Forms.aspx 1. Copy of PAN Card (Serves as Proof of Identity and is issued by Indian Income Tax Dept) 2. Copy of Company’s Balance Sheet for the last two financial years (to be submitted every year) 3. Copy of Company’s latest share holding structure duly certified by Company Secretary/Whole Time Director/MD (to be submitted every year) Mandatory Inclusions 4. Photograph, POI (Person of Indian Origin Card) POA (Proof of Address), PAN and DIN (Director Identification Number) of Directors 5. Photograph, POI, POA, PAN of individual promoters holding control – either directly or indirectly; 6. Copies of the Memorandum and Articles of Association and Certificate of Incorporation; 7. Copy of the Board Resolution for investment in securities market; 8. List of Authorized signatories with specimen signatures Submission of the Application form submitted to SBI FM office will be forwarded to CDSL ventures KYC Form Limited (CVL) , a company authorized to handle KYC Compliance process Letter of KYC Subject to completion of all the documents, KYC compliance letter is sent by CDSL Ventures Limited (CVL), within 15 days. In case of any queries regarding Compliance the KYC compliance, please contact our sales team Subscription & Redemption Process New Customer Initial Subscription Subsequent Purchases Redemption Execution of SBI MF Forms Available with SBI MF offices across the country or can be downloaded Subscription Forms executed by Subscription Form executed by Redemption Form executed by from the following SBIMF link authorized signatories authorized signatories authorized signatories http://www.sbimf.com/Downloads/Forms.