SCHEME INFORMATION DOCUMENT SBI Fixed Maturity Plan (FMP) – Series 48 (1458 Days) (A close ended debt scheme) Offer of Units of Rs. 10/- each during the New Fund Offer Product Labelling This product is suitable for investors who are seeking*: Riskometer • Income with capital growth over the tenor of the scheme • Investment in Debt/Money Market Instrument/Govt. Securities. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. The above product labelling assigned during the New Fund Offer (NFO) is based on internal assessment of the scheme characteristics or model portfolio and the same may vary post NFO when the actual investments are made SCHEME / SERIES NAME TENURE NEW FUND OFFER NEW FUND OFFER OPENS CLOSES SBI Fixed Maturity Plan 1458 Days July 30, 2021 August 03, 2021 (FMP) - Series 48 (1458 Days) Mutual Fund Trustee Company Asset Management Company SBI Mutual Fund SBI Mutual Fund Trustee SBI Funds Management Private (‘SBI MF’) Company Private Limited Limited ('AMC') ('Trustee Company') (A joint venture between SBI and CIN: AMUNDI) U65991MH2003PTC138496 CIN: U65990MH1992PTC065289 Corporate Office Registered Office: Registered Office: 9th Floor, Crescenzo, C– 38 & 9th Floor, Crescenzo, C– 38 & 9th Floor, Crescenzo, C– 38 & 39, G 39, G Block, Bandra-Kurla, 39, G Block, Bandra-Kurla, Block, Bandra-Kurla, Complex, Complex, Bandra (East), Complex, Bandra (East), Bandra (East), Mumbai- 400 051 Mumbai- 400 051 Mumbai- 400 051 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 SID - SBI Fixed Maturity Plan (FMP) - Series 48 (1458 Days) Page 1 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 / SBIFMPL Branches / 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 Official Point of Acceptance of SBIMF 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 July 19, 2021 Stock Exchange Disclaimer Clause: As required, a copy of this Scheme Information Document has been submitted to National Stock Exchange of India Limited (hereinafter referred to as NSE). NSE has given vide its letter NSE/LIST/5313 dated June 9, 2021 permission to the Mutual Fund to use the Exchange's name in this Scheme Information Document as one of the stock exchanges on which the Mutual Fund's units are proposed to be listed subject to, the Mutual Fund fulfilling various criteria for listing. The Exchange has scrutinized this Scheme Information Document for its limited internal purpose of deciding on the matter of granting the aforesaid permission to the Mutual Fund. It is to be distinctly understood that the aforesaid permission given by NSE should not in any way be deemed or construed that the Scheme Information Document has been cleared or approved by NSE; nor does it in any manner warrant, certify or endorse the correctness or completeness of any of the contents of this Scheme Information Document; nor does it warrant that the Mutual Fund's units will be listed or will continue to be listed on the Exchange; nor does it take any responsibility for the financial or other soundness of the Mutual Fund, its sponsors, its management or any scheme of the Mutual Fund. Every person who desires to apply for or otherwise acquire any units of the Mutual Fund may do so pursuant to independent inquiry, investigation and analysis and shall not have any claim against the Exchange whatsoever by reason of any loss which may be suffered by such person consequent to or in connection with such subscription /acquisition whether by reason of anything stated or omitted to be stated herein or any other reason whatsoever SID - SBI Fixed Maturity Plan (FMP) - Series 48 (1458 Days) Page 2 TABLE OF CONTENTS HIGHLIGHTS OF THE SCHEME …. 4 I. INTRODUCTION …. 8 A. RISK FACTORS ........ 8 B. Risk Control strategies: ...... 11 C. CREDIT EVALUATION POLICY & DUE DILIGENCE FOR CREDIT RISK ...... 12 D. REQUIREMENT OF MINIMUM INVESTORS IN THE SCHEME ...... 13 E. SPECIAL CONSIDERATIONS, if any ...... 13 F. DEFINITION AND EXPLANATIONS OF TERMS USED ...... 19 II. INFORMATION ABOUT THE SCHEME ….23 III. UNITS AND OFFER ….41 IV. FEES AND EXPENSES …. 57 V. RIGHTS OF UNITHOLDERS …. 60 VI. PENALTIES, PENDING LITIGATION OR PROCEEDINGS, FINDINGS OF INSPECTIONS OR INVESTIGATIONS FOR WHICH ACTION MAY HAVE BEEN TAKEN OR IS IN THE PROCESS OF BEING TAKEN BY ANY REGULATORY AUTHORITY …. 61 SID - SBI Fixed Maturity Plan (FMP) - Series 48 (1458 Days) Page 3 HIGHLIGHTS OF THE SCHEME Proposed Schedule under Scheme Number of Series this Scheme proposed to be launched SBI Fixed Maturity Plan (FMP) - Series 47 to 50 4 (…. Days/ Months) Exact tenure of each scheme will range between 30 Days to 140 Months and will be decided at the time of the launch. Name of the scheme launch SBI Fixed Maturity Plan (FMP) - Series 48 (1458 Days) under this SID Tenure of the SBI Fixed 1458 Days Maturity Plan (FMP) - Series 48 Investment Objective of the The scheme endeavours to provide regular income and capital growth with Scheme limited interest rate risk to the investors through investments in a portfolio comprising of debt instruments such as Government Securities, PSU & Corporate Bonds and Money Market Instruments maturing on or before the maturity of the scheme. There is no assurance or guarantee that the scheme’s objective will be achieved. Liquidity No redemption/repurchase of units shall be allowed prior to the maturity of the scheme. Redemption will be allowed on maturity of the scheme. Each series of the scheme is proposed to be listed on the NSE Limited (NSE) within 5 business days from the date of allotment. Investors can trade on the exchange and Investors wishing to exit may do so, through BSE or any other stock exchange where the scheme will be listed. Benchmark CRISIL Medium Term Debt index Transparency / NAV Disclosure The AMC will calculate and disclose the first NAV of the scheme not later than 5 business days from the date of allotment of the scheme(s). Subsequently, the NAV will be calculated and disclosed on Daily basis. NAVs will also be displayed on the website of the Mutual Fund. NAV will be disclosed in the manner as may be specified under SEBI (Mutual Funds) Regulations, 1996. NAV can also be viewed on www.sbimf.com and www.amfiindia.com. The AMC shall update the NAVs on the website of Association of Mutual Funds in India - AMFI (www.amfiindia.com) by 11.00 p.m. Further, the Mutual Fund shall send the latest available NAVs to unitholders through SMS, upon receiving a specific request in this regard. The Mutual Fund shall disclose portfolio (along with the ISIN) as on the last day of the month/half year for all their respective Schemes on its website viz. www.sbimf.com and on the website of AMFI within 10 days from the close of each month/ half-year respectively, in the prescribed format. Load Structure New Fund Offer Period Continuous Offer Entry load: Not Applicable Not Applicable, Scheme will Exit load: Not Applicable not be offered on Continuous basis. Since the Scheme will be listed on Stock Exchange there will not be any Exit Load. SID - SBI Fixed Maturity Plan (FMP) - Series 48 (1458 Days) Page 4 Asset Allocation The funds collected under the scheme shall be invested consistent with the objective of the scheme in the following manner: Indicative allocations (% of Risk Profile Instruments total assets) Minimum Maximum High/Medium/ Low Debt* 70% 100% Low to Medium Money Market 0% 30% Low to Medium Securities *Exposure to domestic securitized debt may be to the extent of 40% of the net assets. The maximum debt derivative position will be restricted to 50% of the Net Assets of each series of the scheme. The cumulative gross exposure through investment in debt + money market instruments + derivatives (fixed income) (excluding Cash or cash equivalents with residual maturity of less than 91 days) shall not exceed 100% of net assets of each series of the scheme. Security wise hedge positions using derivatives such as Interest Rate Swaps, etc. will not be considered in calculating above exposure. The exposure to derivatives will be restricted to hedging and portfolio balancing as specified under SEBI Circular no. Cir/ IMD/ DF/ 11 / 2010 dated August 18, 2010 and as permitted under the SEBI (Mutual Fund) Regulations, 1996 from time to time. The Scheme shall not invest in foreign securitized debt. The Scheme shall invest in repo in corporate debt upto 10% of the net assets of the Scheme. The Scheme shall not invest in ADR/GDR/Foreign Securities and also shall not engage in short selling and securities lending. The total exposure towards Credit Enhancement / structured obligations such as corporate / promoter guarantee etc.