SBI Money-Market Funds This product is suitable for investors who - - PowerPoint PPT Presentation
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:
SBI Premier Liquid Fund SBI Ultra Short Term Debt Fund
investors
moderate levels of risk & high liquidity
horizon even as low as one day
term investment horizon and low risk appetite
defined
quality money market instruments
asset allocation
available on a monthly basis
Liquidity Investor Suitability Low Risk Transparency
Main Policy Tools
process by which banks borrow from ( at repo rate) or lend to (reverse repo rate) RBI to guide
balance maintained by banks with RBI (3%- 20% of Net Demand and Time Liabilities – NDTL), currently 4.00%
NDTL held by banks in safe and liquid assets (e.g. government securities, cash , gold) ; currently 22%
sales of government securities in the market to regulate (soak or inject) liquidity in the system Money Market Funds – Investment Universe
auctioned by RBI ; Tenors ranging 91 days to 1year
and financial institutions ; Tenors: 7 days-1 year
issued by corporates and financial institutions to fund their working capital requirements ; umbrella limit set by RBI ; Tenors: 7 days-1 year
Borrowing and lending Obligations (CBLO) : discounted instruments with 1 day – 1 year maturity collateralized by Government securities placed with Clearing Corporation of India (CCIL)
basis with market participants collateralized by GSecs, T-Bills, AA-rated Bonds , currently 6.00%
Fund Manager: Mr. Rajeev Radhakrishnan Inception Date: 24-Nov-2003 AUM : INR 25263Crs.
Purpose: Addressing cash management requirements
Composition: A low risk product invested in a diversified selection of high quality issues (CPs and CDs) with a maturity lesser than or up to 91 days. Minimum P1 short term rating for portfolio holdings. Current Outlook: With issuances
Market Stabilization Scheme and Cash Management Bills the
lower exposure to securities >60 days maturity. Benchmark : CRISIL Liquid Fund Index Risk controls Over limits in assets ; Maturity by issuer Risk diversification and Liquidity.
Ratings breakdown (%) Below AA+ 0.20 AA+ 0.30 SOV,AAA and Equivalent 80.32 NCA(Incl. Cash, Deposits and Equity) 19.18
CD, 10.84 CP, 63.76 NCD, 1.13 T-Bills, 5.08 Short Term Deposits, 9.11 CBLO/Rever se Repo, 9.58 NCA, 0.49
Data as on March 31,2017 Past performance may or may not be sustained in future. Returns (in %) up to 30 days are simple annualized and 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. 7 Days 15 Days 30 Days
31-Mar-2016 to 31-Mar-2017 31-Mar-2015 to 31-Mar-2016 31-Mar-2014 to 31-Mar-2015
Since Inception SA Returns (%) Absolute Returns (%) CAGR 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 0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 10.0 31-Mar-2016 to 31-Mar-2017 31-Mar-2015 to 31-Mar-2016 31-Mar-2014 to 31-Mar-2015 Since Inception SBI Premier Liquid Fund - Reg Plan - Growth Scheme Benchmark: - Crisil Liquid Fund Index Additional Benchmark: - Crisil 1 Yr T-Bill Index
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 horizon greater than three months. Composition: The fund invests in a broad array of money market and debt instruments having residual maturity up to one year, taking slightly higher interest rate risk compared to liquid funds. Current Outlook: The incremental focus would be on capturing a reasonable term premium within the portfolio through short term Money market securities and bonds. Benchmark: CRISIL Liquid Fund Index Risk controls: Over issuers’ quality; Risk dispersion processes and liquidity
Ratings breakdown Percentage Below AA+
11.76
AA+
8.00
SOV,AAA and Equivalent
65.16
Cash
15.08
CD, 0.59 CP, 30.55 Gsec, 1.91 MF Units, 10.74 NCD, 41.58 T-Bills, 7.24 ZCB, 3.05 CBLO/Rever se Repo, 2.14
Data as on March 31, 2017
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.
31-Mar-2016 to 31-Mar-2017 31-Mar-2015 to 31-Mar-2016 31-Mar-2014 to 31-Mar-2015 Since Inception 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 0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 10.0 31-Mar-2016 to 31-Mar-2017 31-Mar-2015 to 31-Mar-2016 31-Mar-2014 to 31-Mar-2015 Since Inception SBI Ultra Short Term Debt Fund - Reg Plan - Growth Scheme Benchmark: - Crisil Liquid Fund Index Additional Benchmark: - Crisil 1 Yr T-Bill Index
Data as on April 30, 2017
SBI Premier Liquid Fund SBI Ultra Short Term Debt Fund SBI Debt Fund Series 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
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
KYC Application Form Mandatory Inclusions Submission of the KYC Form Letter of KYC Compliance
Mandatory execution of KYC Form by authorized signatories. Application Forms available with SBI FM offices across the country. Forms can also be downloaded 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) 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 Application form submitted to SBI FM office will be forwarded to CDSL ventures Limited (CVL) , a company authorized to handle KYC Compliance process 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 the KYC compliance, please contact our sales team
New Customer
Redemption Initial Subscription Subsequent Purchases Execution of SBI MF Forms Available with SBI MF offices across the country or can be downloaded from the following SBIMF link http://www.sbimf.com/Downloads/Forms. aspx Subscription Forms executed by authorized signatories Subscription Form executed by authorized signatories Redemption Form executed by authorized signatories Attachments – Copy of Memorandum & Articles
Company Secretary – List of Authorized Signatories - attested – Copy of Board Resolution approving investing in mutual funds - attested – Copy of PAN Card Wire transfer instructions Submission of Forms Subscription Form , attached documents and wire transfer instructions submitted to SBI MF Office Subscription Form and wire transfer instructions submitted to SBI MF Office Redemption Form submitted to SBI MF Office Cut-off Time 2.00 p.m.*/3.00 p.m.# 2.00 p.m.*/3.00 p.m.# 3.00 p.m. Allotment of Units
transfer of clear funds
SPLF* and T for other products
MF T+2
transfer of clear funds
SPLF and T for other products.
MF T+2 Redemption
all the funds
account T+1 # Funds have to be wired before this time; * Only applicable for SBI Premier Liquid Fund (SPLF)
Performance of other schemes managed by Mr. Rajeev Radhakrishnan
Managing since June, 2008
31-Mar- 2016 to 31-Mar- 2017 31-Mar- 2015 to 31-Mar- 2016 31-Mar- 2014 to 31-Mar- 2015 Since Inception Absolute Returns (%) CAGR Returns (%) PTP Returns (INR)
SBI Magnum Children’s Benefit Plan - Growth
20.61 6.86 28.49 10.73 46,649
CRISIL MIP Blended Index (Scheme Benchmark)
12.30 5.67 16.45 N.A. N.A.
Crisil 10 year Gilt Index (Additional benchmark)
11.87 7.97 14.57 6.85 27,232
Managing since June, 2008
31-Mar- 2016 to 31- Mar-2017 31-Mar- 2015 to 31- Mar-2016 31-Mar- 2014 to 31- Mar-2015 Since Inception Absolute Returns (%) CAGR Returns (%) PTP Returns (INR)
SBI Short Term Debt Fund - Growth
9.10 8.07 10.27 6.79 18,901
CRISIL Short Term Bond Fund Index (Scheme Benchmark)
9.10 8.47 10.33 8.19 21,425
Crisil 1 Year T-Bill Index (Additional benchmark)
7.15 7.69 8.74 6.36 18,173
Managing since November, 2013
31-Mar- 2016 to 31-Mar- 2017 31-Mar- 2015 to 31-Mar- 2016 31-Mar- 2014 to 31-Mar- 2015 Since Inception Absolute Returns (%) CAGR Returns (%) PTP Returns (INR)
SBI Treasury Advantage Fund - Growth
7.73 8.69 9.73 8.24 18,076
CRISIL 1 year CD Index (Scheme Benchmark)
7.86 8.54 9.32 N.A. N.A.
Crisil 1 Year T-Bill Index (Additional benchmark)
7.15 7.69 8.74 6.60 16,131
Past performance may or may not be sustained in the 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 long-term and short-term debt schemes is used for comparison purposes only. Performance calculated for regular plan.
Managing since May, 2010 7 Days 15 Days 30 Days
31-Mar- 2016 to 31-Mar- 2017 31-Mar- 2015 to 31-Mar- 2016 31-Mar- 2014 to 31-Mar- 2015
Since Inception SA Returns (%) Absolute Returns (%) CAGR Return s (%) PTP Return s (INR) SBI Magnum Insta-Cash Fund – Growth Plan
6.72 6.66 6.73 7.22 8.22 8.93 7.39 35,778
CRISIL Liquid Fund Index (Scheme Benchmark)
7.21 7.18 6.68 7.11 8.06 8.98 N.A. N.A.
Crisil 1 Year T- Bill Index (Additional benchmark)
4.68 6.07 6.86 7.15 7.69 8.74 6.59 31,278
Navneet Munot joined SBI Funds Management as Chief Investment Officer in December 2008. He brings with him over 15 years of rich experience in Financial Markets. In his previous assignment, he was the Executive Director & Head - multi - strategy boutique with Morgan Stanley Investment Management. Prior to joining Morgan Stanley Investment Management, he worked as the CIO - Fixed Income and Hybrid Funds at Birla Sun Life Asset Management Company Ltd. Navneet had been associated with the financial services business of the group for over 13 years and worked in various areas such as fixed income, equities and foreign exchange. Navneet is a postgraduate in Accountancy and Business Statistics and a qualified Chartered
Institute USA and CAIA Institute USA. He is also an FRM Charter holder of Global Association of Risk Professionals (GARP). Navneet Munot CFA, Chief Investment Officer Rajeev joined SBIFM as a fixed income portfolio manager in 2008. He currently heads the Fixed Income desk at the AMC. Prior to joining SBIFM, Rajeev was Co-Fund Manager for Fixed Income with UTI Asset Management for seven years. Rajeev is an Engineering graduate and holds a Masters degree in finance from Mumbai
Institute, USA Rajeev Radhakrishnan CFA, Head of Fixed Income
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. 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
Neither SBI Funds Management 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 SBI Funds Management Private Limited (A joint venture between SBI and AMUNDI) Registered Office: 9th Floor, Crescenzo, C-38 & 39, ‘G’ Block, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051 Board line: +91 22 61793000 Fax: +91 22 67425687
Call: 1800 425 5425 SMS: “SBIMF” to 56161 Email: customer.delight@sbimf.com Visit us @ www.facebook.com/SBIMF www.sbimf.com Website Visit us @ www.youtube.com/user/sbimutualfund