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CORPORATE PRESENTATION
STRONG ESTABLISHED
PARTNERSHIP
Strong Indian presence: extended
international reach
India’s premier and largest bank with over 200 years € 1.425 trillion in Assets under Management
experience (Estd: 1806) N°1 in Europe by AuM and in the Top 10 worldwide
N°1 publicly traded asset manager in Europe in terms of
Ranked 53rd among the top banks globally in terms of
market capitalization
assets; asset base of USD 537 bn*
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
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
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
Equity
21%
Money
Market 36%
26%
Retail
Institutio
nal
Page
FX rate 1 USD = INR 71.1953 as at February 2019
6
PAN INDIA DISTRIBUTION PLATFORMS
Multiple channels of delivery
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
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
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
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 √ √ √ √ - √
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11
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 – 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
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.
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
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
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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
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
Investment Universe
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18
FIXED INCOME : INVESTMENT PROCESS
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
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20
WHY SBIFM : OUR VALUE PROPOSITION
Group Advantage Process
Risk Management
Expertise
One of the leading risk
Proven expertise in managing management capabilities in India:
strategies across asset classes six member independent team
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21
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
Note: Data as
o
BIOGRAPHIES
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23
YOU WILL BE BACKED BY A PASSIONATE &
COMMITTED
EXECUTIVE COMMITTEE
D.
EDP.
& SINGH
CMO (Domestic Business) NAVNEET
Executive MUNOT &
Director
CIO
Binod is the Deputy General Manager of SBI, who Srinivas has over 21 years of experience
also began his career as a probationary officer and in the financial services industry and has
worked his way up to higher positions in SBI and the been with SBIFMPL since 2001. He
group companies. During his career in SBI, in the last played a catalytic role in SBI Mutual Fund
10 years he has held several important positions like being awarded twice in a row as the most
the Deputy General Manager (Funds Management), preferred Mutual Fund by CNBC Awaaz,
SBI Global Markets Unit, Kolkata, the Regional the No. 1 brand in the mutual fund space
Manager, SBI Aurangabad, the Executive Secretary by AC Neilsen and the Gold Award by
to Chief General Manager - International Banking Readers Digest as Trusted Brand 2011 in
Group, SBI, Corporate Center, Mumbai, the Chief the Investment Management Category.
Financial Officer, Nepal State Bank Ltd. and the Chief He is a commerce graduate from
Manager - Commercial Banking Division, SBI, Bangalore University with a background
Industrial Finance Branch, Aurangabad. 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
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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