March 2019

CORPORATE PRESENTATION
STRONG ESTABLISHED
PARTNERSHIP
Strong Indian presence: extended
international reach

India’s premier and largest bank with over 200 years
experience (Estd: 1806)
Ranked 53rd among the top banks globally in terms of
assets; asset base of USD 537 bn*
€ 1.425 trillion in Assets under Management
N°1 in Europe by AuM and in the Top 10 worldwide
N°1 publicly traded asset manager in Europe in terms of
market capitalization

Second largest footprint globally, ~22,090 branches and 6 investments hubs in key international financial centres
58,350 ATM’s as at end of December 2018 and offices in 37 countries

Servicing about 431.5 million customers Over 100 million retail, institutional and corporate clients
Second largest footprint globally –
over 1.38 lakh worldwide
touchpointse
4,500 team members and market professionals

63 37
% %

*Source: SBI Analyst Presentation as on end December 2018. USD 1 = INR Page
69.7923 Source : Amundi website as on end December 31, 2019 2
STATE BANK OF INDIA GROUP
SBI Bank: SBI Group : Subsidiaries and Joint Ventures
-Strong Retail Liability franchise- CASA ratio at 45.23%
-Market leader in Per-segment loans – portfolio size Rs. 6.13 tn India’s Largest Bank
-Home loans and Auto loans market share around 34% each

SBI Life Insurance:

#2 in Total New Business Premium with Private market share of

~20%

SBI General Insurance:

3 rd position in Personal Accident, 3 rd in Fire.

SBI Cards: Primary Dealer Custodial Service Provider

2 nd highest Card base with 16.9% market share

SBI Investment Banks:

Amongst India’s leading domestic investment banks; Ranked #2

by number of equity issuances in FY18

Source: State Bank of India

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3
AMUNDI: A GLOBAL BRAND; AN EXTENSIVE CLIENT BASE
A comprehensive range of savings and investment
solutions across all asset classes *
Partner networks :100 million clients

Partner networks France

Partners abroad and through joint ventures

Fixed income : a global leader in Euro and global

fixed income , money market and credit activities Institutional clients and third-party distributors:
2000 clients
Equities : an established presence in European
equities and a strong expertise in Japanese, Asian
and emerging market equities

Absolute return : a leading position built on a track

record of innovation

Savings Solutions for retail clients : recognized

internationally for providing customized solutions
* As on end December 2018 Page
Source: Amundi Asset Management 4
SBI FUNDS MANAGEMENT: SNAPSHOT

Creation Shareholder Employees Branches

Amundi: 37% 1039

1987 SBI: 63%
(52 in
investments) 171

AUM Investors Market share Funds

Equity:
Fixed 17
Income: 13
6.8 million Hybrid:
Others: 6
11ETF &
350,000 Solution
Oriented: 1 2
Folios registered Commodity:
USD 47 bn for online 11.22%
transaction

First AMC in India to comply with CFA

Institute’s “Asset Manager Code of
Conduct.”

Page
FX rate 1 USD = INR 71.1953 as at end February 2019. 5
SBI FUNDS MANAGEMENT: ASSETS UNDER MANAGEMENT
Growth in Assets under Management
In USD
Million
3976
3767
5
3
2956
3
1988
1420 2
8
6135 7101 7260
3820 4516

201 201 201 201 201

5 6 7 8 9
Mandate Mutual
s Funds
Asset Profile Client Profile

Equity
21%
Money
Market 36%
26%

ETF Fixed 64%

18%
Income
24%
Hybrid
11%

Retail
Institutio
nal
Page
FX rate 1 USD = INR 71.1953 as at February 2019
6
PAN INDIA DISTRIBUTION PLATFORMS
Multiple channels of delivery

Electronic and Online Conventional

SBIMF online investment platform has over 350,000 folios 37,000 IFAs across India
167 self - owned branches and over 500 points of sales
registered for online financial transactions
Majority of schemes available on local stock exchanges through partners
Internet based online distribution portal for over 27,000 7300 AMFI/NISM* certified sales staff with SBI Group
IFA’s
Online access through FInNET # for distribution partners network
57 distribution agreements with third party banks
129 distribution agreements with National Distributors
International presence

*AMFI : Association of Mutual Funds of India; NISM : National Institute of Securities Market Page
# FinNet: Common mutual fund transaction system developed by Karvy and CAMS 7
YOU CAN LOCATE OUR OFFICES IN
INDIA AND DBAI

We have over We are

175 offices also
spread across accessibl
20 states and e at
major cities in every
India, and 1 25,000
location in SBI
branch
the in
Dubai. country.
MILESTONES : 30 YEARS OF SBIFM
2013 : Acquisition of
2011: Stake Transfer Daiwa Schemes
from SGAM to
Amundi
2006: Launch of
2002: Roll out of Offshore product#
SBIFM’s online
portal 2014: 2015: First
2013:Best Launch of AMC in India
Fixed SBI MF’s to comply
1993: Launch of Income online with CFA
1987: Tax Saving house of the platform for year, Institute’s
Establishment of scheme Lipper corporate India “Asset
SBI Mutual Fund investors Manager
Code of
Conduct.”
2012: Launch of Amundi India Bond
Fund #
2012: Launch of SBI India Access Receives the
Fixed Tenure Debt Fund mandate
from the
largest
pension fund
in India -
EPFO
2004: Joint
Venture with
SGAM

1999: Launch of
1992: SBIFM sector funds, India’s
crosses investor first contra fund
1991: Launch of
base of 1 mn
SBI SBI Magnum
Equity Fund

# Advisory mandates Page

9
COMPLETE RANGE OF PRODUCT ACROSS ASSET CLASSES

Equities Indexing Fixed Income Multi-Assets Alternatives

Private
Fundamental ETF Credit Asset Allocation Investment in
Public Equity
Bottom-up Equity High Yield Strategic
Top-down Sovereign High grade Tactical Special Situations
Fund

Quantitative Index Duration Formula Funds

Fund

Smart Aggregate
Beta*

Money Market

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CLIENT - MANAGEMENT & SERVICING CAPABILITIES

Domestic Internatio
nal
Managed Mutual Managed Mutual
Accounts Funds Accounts Funds
Advisory Advisory

Retail - √ - - - -

HNI’s √ √ - - - -

Corporates √ √ √ √ - √

Institutional √ √ √ √ - √

Monthly Portfolio Outlook &

Monthly performance attribution
Portfolio Manager Calls
Client
Servicing
Capability

Analyst & Outlook – Market,

Quarterly CIO calls
Politics & Economics

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STRATEGY OFFERINGS : FUNDS ACROSS MAJOR ASSET CLASSES
SBI Banking & Financial Services
SBI Magnum Multicap
Fund SBI Magnum Comma Fund
SBI Blue Chip Fund SBI SBI Consumption Opportunities
Eq
uit SBI Infrastructure Fund
y Contra Fund
SBI Technology Opportunities Fund
SBI Focused Equity Fund
SBI Magnum Equity ESG Fund
SBI Large & Midcap Fund SBI Magnum Global Fund
SBI Magnum Midcap Fund SBI Healthcare Opportunities Fund
SBI Small Cap Fund
SBI PSU Fund
SBI Savings Fund SBI Credit Risk Fund
Debt SBI Magnum Ultra Short SBI Magnum Children’s
&
Solu Duration Fund SBI Short Term Debt Fund SBI Magnum Medium Duration Benefit
tions SBI Overnight Fund SBI SBI Magnum Low Duration SBI Dynamic Bond Fund
Fund SBI Magnum Constant Maturity
Liquid Fund
SBI Magnum Gilt Fund
SBI Banking and PSU Fund

SBI Arbitrage SBI Equity Hybrid Fund SBI

Hy
bri Opportunities Fund SBI Debt Hybrid Fund
d Equity Savings Fund
SBI Dynamic Asset Allocation
SBI Multi Asset Allocation Fund

SBI – ETF 10 Year Gilt SBI Nifty Index Fund SBI – ETF Nifty Bank
Inde
x, SBI - ETF Gold
ETF
and SBI – ETF Sensex
FOF
s SBI – ETF Nifty Next 50
SBI – ETF BSE 100
SBI – ETF Nifty 50
SBI Gold Fund SBI
ETF Quality

Data as of end December end , 2018 Page

Source: SBI Funds Management Private Limited 12
MAIN EXPERTISE
•SBI Bluechip Fund
EQUITY SBI FM’s overall approach to equity investing is based on rigorous and •SBI Large & Midcap Fund
extensive fundamental processes, leveraging upon its in-house research team •SBI Magnum Multicap
which tracks 351 companies (91% of Market Cap of S&P BSE 500). The Fund
•SBI Midcap Fund
company offers a wide array of equity funds ranging from passive funds to
•SBI Equity Hybrid Fund
thematic funds.

With four funds managers, five credit analysts and two fixed income traders,
the management team stands out for its recognized know-how in interest rate •SBI Short Term Debt
expertise and a strong experience in credit analysis. The approach is based Fund
DEBT on three factors; macro economic analysis leading to yield curve positioning, •SBI Debt Fund Series
credit analysis leading to security selection and liquidity analysis leading to •SBI Dynamic Bond Fund
tactical trading decisions. •SBI Overnight Fund
•SBI Liquid Fund
SBI FM is one of the Indian leaders in money-market investment solutions
with an extensive and robust product range matching all maturities for cash
management. Focus is primarily on the products’ liquidity as well as on the
quality of the securities held in the portfolio.
•SBI – ETF Sensex
•SBI – ETF Nifty Next 51
ETFs SBI FM is the Largest ETF manager in India and choice partner for the largest
•SBI – ETF BSE 101
India pension fund manger – EPFO. •SBI – ETF Nifty 51
•SBI – ETF Nifty Bank

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13
FLAGSHIP FUNDS
Our Know How
SBI Magnum MultiCap Fund is an analyst managed fund that invests in high conviction ideas
Multicap of the analyst team, while remaining largely sector neutral. Conviction ideas are defined as
those that are rated positive by the respective analyst.
SBI Magnum Multicap
Fund
Benchmark: S&P BSE 500 Index

SBI Focused Equity Fund is run as a concentrated multi cap portfolio (Maximum of 30 stocks
across large, mid and small cap space) with an investment horizon of three years, plus. The
Focused Fund
strategy is absolute return oriented (portfolio construction does not rely on any index) in the
SBI Focused Fund long only context (no significant cash calls or shorts). This is a pure bottom up portfolio.

Benchmark: S&P BSE 500 Index

SBI Equity Savings Fund invests in equity, arbitrage and debt. The equity portion is managed

Hybrid as a concentrated Multicap fund with a portfolio of 20-25 stocks; arbitrage portion invests into
equity stocks in the cash market & takes an equivalent short position in futures market; while
SBI Equity Savings
the fixed income part provides liquidity to the fund.
Fund
Benchmark: 35% Nifty 50 Arbitrage Index + 35% Nifty 50 + 30% CRISIL Liquid Fund

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14
FLAGSHIP FUNDS

A fund investing in a mix of debt, equity & money market instruments. Debt instruments will be
Hybrid invested based on evaluation of macro-economic factors, market dynamics and issuer specific

SBI Debt Hybrid Fund factors. Maximum exposure to equities is capped at 25% in this scheme.

SBI Dynamic Asset Allocation Fund endeavours to meet the objective of this fund mainly from
asset allocation between asset classes. This approach will help reduce the risk of tracking the
SBI Dynamic Asset individual asset classes. Based on historical observation, these asset classes exhibit very
Allocation Fund different risk – return profile and a low correlation to each other. Both Debt and Equity have a
tendency to outperform each other on a relative risk adjusted basis under different market
conditions. The fund strategy is based on the persistence of such outperformance over longer
periods. The Scheme will allocate higher weight to the asset class that is relatively favourable
under the prevailing market and economic conditions.

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COMPREHENSIVE RESEARCH CAPABILITIES
Active coverage of 351 companies (91% of BSE 500 market cap) and 350 issuers, reviewed on a continuous basis to spot
best investment opportunities

Independent views formed through participation in over 1,000 company visits , conference calls and seminars annually

Regular interaction between equity and credit analysts creating cross asset class perspectives and nurturing ideas

Research supporting strict investment process and monitoring of portfolio holdings

IN - DEPTH RESEARCH ACROSS SECTORS

13 Equity Analysts, 2 Economists, 3 AIF Analysts

Capital Goods
CREDIT RESEARCH Telecom
Consumer durables Information Technology
Industrial Products Media
6 Analysts
Real Estate Metals
Power Oil & Gas
Infra/ Construction
Logistics
Consumer Goods Pharma
QUANTITATIVE Hotels Healthcare
RESEARCH Retail Chemicals
Textiles

6 Analysts Auto/ & Auto Ancillary Financials

Cement Paper

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16
INVESTMENT TEAM
Stable team of 52 professionals with average experience of 14 years in the industry
Portfolio Managers have experience of about 20 years in Indian markets
19 members are CFAs
Interactions creating cross asset class perspectives and nurturing ideas

Average
years no. of
in Industry
Average
of years no.
in
No. of Staff SBIFM
CIO 1 25 10

VP Investment 1 12 1
Risk & Process
Control*
Senior
Analysts/Portfolio
Managers 9 12 9

Research
Analysts 21 9 3

Mutual Funds Portfolio Manager 7 20 8

PMS Portfolio Manager 3 21 8

AIF Portfolio Manager 3 20 3

Dealers 7 19 10

Average 14 6
Experience
Source: SBI Funds Management Private Limited * Deputed from Amundi. Data as of December end , 2018 Page
17
INVESTMENT PROCESS : EQUITY
Stock Universe - 2000
Liquidity Screening ( 500 stocks )
Fundamental Analysis (around 300 stocks)
Investment Universe
Portfolio
Fund managers and analysts screening by market cap & liquidity
1.Classify the research universe into 24-sectors
2.Screening on company fundamental, momentum and valuation based
on internal research
3.Extensive interaction with sell-side to build valuation universe
4.Using data support from StarMine, Bloomberg and independent
research agencies
1.Portfolio philosophy
2.Qualitative criteria including industry structure, business model,
management quality, market position and operating levers (growth and
profits)
3.Internal analysts recommendation : relative to benchmark and sector
1.Convictions that navigate the mandate and research
2.Analyst recommendations
3.Portfolio mandate and risk metrics
4.Monitor risk by using the MSCI BARRA risk tools
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FIXED INCOME : INVESTMENT PROCESS

Economic / Market Analysis Top Down

Economic Variables
Debt Indicators
Fiscal & Monetary Policy
FX Dynamics
Foreign Inflows/Capital Inflows
Market Prices
Duration Position
Yield Curve Position
Internal Mandate
Regulatory Guidelines
Portfolio Position
Concentration
Portfolio Liquidity
Duration Constraint

External Research
Credit Rating Agencies Portfolio
Management Interaction Construction

Tactical Management
Trading Allocation
Market Forecast
Credit Analysis Market Liquidity
Price Opportunity

Operating Trends
Financial Strength Bottom-up
Solvency Indicators
Management Quality Credit Selection
Business Dynamics Security Allocation
Competitive Positioning Spread Dynamics
Sector Allocation

Source: SBI Funds Management Private Limited Page

19
RISK MANAGEMENT CAPABILITIES
Well defined Risk management mechanism

Formulation of investment processes Internal Audit

Risk strategies: setting of risk budgets in the Monitoring adequacy &
portfolio mandates / templates conformity of risk procedures
Relevant Risk indicators: to track market, credit,
liquidity, concentration risks
Regulatory and Client guidelines
Operational Risks: Market errors, IT related, Compliance
Business Continuity Enforcement of regulatory
rules and professional standards
Validation of marketing and
Continuous monitoring of
other documents
Portfolio composition to
ensure consistency with:
Investment strategy Regulatory
guidelines Contractual
constraints Internal limits Risk Management
Team of 7 professionals
Portfolio Reviews and Controls Dedicated interfaces in each
Performance and risk analysis: risk attribution and Department
performance attribution Setting of Risk Policy
Performance and risk vis-a-vis peer-set: Attribution parameters and tools
analysis, ex-post TE, IR Second Level Control
Portfolio liquidity, concentration
Assessment of positions: global exposures ;
concentrations, cash
Investment Team CIO, fund
managers First Level Control

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20
WHY SBIFM : OUR VALUE PROPOSITION
Group Advantage
31 years of experience in asset
management with a strong parentage
Leverage on strengths of both
stakeholders to achieve qualitatively
superior business
Extensive Distribution network and
Strong Relationships with domestic and
international investors
Expertise
Proven expertise in managing
strategies across asset classes
In-depth understanding of businesses
and strong linkages with company
managements and sell side analysts
Strong in-house research provides
depth and breadth of coverage resulting
in superior stock selection
Process
Structured and disciplined processes
to ensure effective execution of
strategies
Rigorous investment templates in
place for each strategy
Flexibility to tailor solutions and
advisory assignments
Risk Management
One of the leading risk
management capabilities in India:
six member independent team
Risk management aligned to
international standards
Emphasis on coherence in risk
monitoring & transparency in
reporting
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 YOU ARE NOW PART OF
OUR
GROWING FAMILY
No. of
Employee Tenure
(in years) No. of Age
s Employe
es Range
(in years)
0-2 y ears

You will be A good mix The gender Employees

part of an of young 192 ratio stands at tend to have 38 21-30
2-5 y years
organisatio professional ears 4:1 with 800 long- 161 296 30-40
n that has s as well as 174 150 5-10 y male standing years
ears and highly
a little over experienced 312 174 10 - 15 y
employees 40 - 50
507 years
1000 minds, work ears and 202 successful
employees. beyond 15 y
50 - 60
with us. female stint with us. years
ears
employees.

Note: Data as
o
BIOGRAPHIES

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23
 YOU WILL BE BACKED BY A PASSIONATE &
COMMITTED
EXECUTIVE COMMITTEE
ASHWANI BHATIA MD & CEO
Mr. Bhatia started his career with SBI in 1985
as Probationary Officer. Over a period of 33
years with SBI, he has traversed through
various functions and assignments. Before
joining SBI Funds Management Private
Limited, his last assignment was Chief
General Manager (Officer on Special Duty),
Corporate Centre in SBI, Mumbai (February
2018– July 2018), where he was responsible
for revamping of Credit Structure and
processes of the Bank.
NICOLAS
SIMON
Deputy CEO
Nicolas has 25 years of rich experience in
financial services. He was previously the
CEO for Amundi Real Estate and CAAM
Real Estate. He was also associated with
Henderson Global Investors as Head of
Property, France and with Generali Real
Estate as CIO. He holds a post- graduation
in Law from Paris Pantheon-Assas
University and Masters in Business
Administration (MBA) from Toulouse
Business School.
 YOU WILL BE BACKED BY A PASSIONATE &
COMMITTED
EXECUTIVE COMMITTEE
D.
EDP.
& SINGH
CMO (Domestic Business)
DP has over 25 years of experience in
Banking and Financial services. He has
been the National Sales Head and has
been instrumental in expanding SBI Mutual
Fund's reach in the urban and rural areas.
During his stint with SBI, he handled
various assignments in Retail Banking,
Corporate Credit and Information
Technology Initiatives. He holds a post-
graduation degree in Commerce and a
post-graduate diploma in PMIR (Personnel
Management & Industrial Relations) &
CAIIB.
NAVNEET
Executive MUNOT &
Director
CIO
Navneet has over 24 years of experience in
financial markets. He currently oversees
investments worth over USD 40 billion across
various asset classes in mutual fund and
segregated accounts. Navneet has also held the
position of the Executive Director & Head
– multi –strategy boutique at Morgan Stanley
Investment Management and the worked as Chief
Investment Officer – Fixed Income and Hybrid
Funds at Birla Sun Life Mutual Fund. His articles
on matters related to financial markets have
widely been published.
 YOU WILL BE BACKED BY A PASSIONATE &
COMMITTED
EXECUTIVE COMMITTEE
BINOD KUMAR MISHRA COO
Binod is the Deputy General Manager of SBI, who
also began his career as a probationary officer and
worked his way up to higher positions in SBI and the
group companies. During his career in SBI, in the last
10 years he has held several important positions like
the Deputy General Manager (Funds Management),
SBI Global Markets Unit, Kolkata, the Regional
Manager, SBI Aurangabad, the Executive Secretary
to Chief General Manager - International Banking
Group, SBI, Corporate Center, Mumbai, the Chief
Financial Officer, Nepal State Bank Ltd. and the Chief
Manager - Commercial Banking Division, SBI,
Industrial Finance Branch, Aurangabad.
R.
EDS.
& SRINIVAS JAIN & Intl. Business)
CMO (Strategy
Srinivas has over 21 years of experience
in the financial services industry and has
been with SBIFMPL since 2001. He
played a catalytic role in SBI Mutual Fund
being awarded twice in a row as the most
preferred Mutual Fund by CNBC Awaaz,
the No. 1 brand in the mutual fund space
by AC Neilsen and the Gold Award by
Readers Digest as Trusted Brand 2011 in
the Investment Management Category.
He is a commerce graduate from
Bangalore University with a background
in Cost Accounting.
 YOU WILL BE BACKED BY A PASSIONATE &
COMMITTED
EXECUTIVE COMMITTEE

APARNA
ExecutiveNIRGUDE
Director & Chief Risk VINAYA
Head DATAR
– Compliance & Company
Officer Secretary

Aparna has 22 years of experience Vinayaa

including has more
over than 20
13 years years
in the of of
field experience,
financial
services.
Compliance,She has extensively
Secretarial, worked
and Legal. in the areas of
with SBI Mutual Fund and has Apart from holding the position of Assistant Vice
President
head the Risk function since 2005. - Compliance with Mirae Asset Global Investments
She has also handled (India) Pvt. Ltd., she has also been associated with
responsibilities within Investment Reliance Capital Asset Management Ltd, IL&FS
Management and Research. She Limited and UTI Infrastructure & Services Limited.
even headed the Research She is a science and law graduate and a prestigious
function in SBI Mutual Fund. member of Institute of Company Secretaries
Aparna holds a degree in of India.
Management from the prestigious
Jamnalal Bajaj Institute of
Management Studies.
DISCLAIMER

This presentation is for information purposes only and is not an offer to sell or a solicitation to buy any mutual fund

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/SBI Mutual Fund/SBI Trustee Company 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.

Mutual Funds investments are subject to market risks, read all scheme related documents carefully Asset

Management Company- SBI Funds Management Private Limited (A joint venture with SBI and AMUNDI)
Trustee Company: SBI Mutual Fund Trustee Company Private Limited

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