SBI Magnum Multicap Fund provides investors with opportunities for long-term growth in capital along with the liquidity of an open-ended scheme through an active management of investments in a diversified basket of equity stocks spanning the entire market capitalization spectrum and in debt and money market instruments. To learn more about this mutual fund check SBI Mutual Fund page
https://www.sbimf.com/en-us/equity-schemes/sbi-magnum-multicap-fund
SBI Magnum Multicap Fund: An Open-ended Growth Scheme - Jan 16
1.
2. Product Labelling
This product is suitable for investors who are seeking*: Riskometer
Long term capital appreciation
Investment in diversified basket of equity stocks
spanning the entire market capitalization spectrum to
provide both long term growth opportunities and
liquidity
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
3. Introduction
What is a Multi-cap Fund?
Variation in Market Performance
How Capitalization affects Risk & Returns
SBI Magnum Multi-cap Fund - Philosophy
Investment Management Process
Fund Features
Portfolio Holdings
Performance
4. What is Multi-Cap Fund?
These can invest in stocks across market capitalization. In other
words, they are market capitalization agnostic.
Diversified across all sizes of investible stocks
Portfolio comprises of large cap, midcap and small cap stocks.
5. Performance of Midcaps and Large caps can vary significantly over time
depending of different phase of the market cycle
S&P BSE Large Cap Outperformance
S&P BSE Mid Cap Outperformance
Variation in Market Performance
Source: Bloomberg, Data from 01.01.2006 to 31.01.2017.
Past performance may or may not be sustained in future
-30%
-25%
-20%
-15%
-10%
-5%
0%
5%
10%
15%
20%
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
6. How capitalization affects risk and returns
Large Caps adds stability of returns and liquidity.
Mid and Small Caps add high growth
IncreasingExpectedReturns
Increasing Expected Risk
Large Cap
Mid Cap
Small Cap
Source: Bloomberg, Data from 1st January 2006 to 31st Dec 2016. Average Returns are Average 1 year rolling returns for every year.
Past performance may or may not be sustained in future
Returns
(CAGR)
Risk
(Std.Deviati
on)
Reward/Risk
Ratio
S&P BSE
Large Cap
13.72% 38.04% 0.36
S&P BSE
Mid Cap
19.36% 50.63% 0.38
S&P BSE
Small Cap
22.08% 61.01% 0.36
8. Fund Philosophy
Sector Neutral Portfolio: Achieve the full potential of each
sector with a range of choices across all capitalization
Bottom Up approach for stock selection
Cash calls only for liquidity purpose
9. Investment Management Process
A portfolio to provide diversification to all market capitalization as well as to
maintain a balance of risk & return
All Capitalization stocks for specific
sector
Screening & Ranking
Fundamental Analysis
Sector
Portfolio
Fund
Mandate
Risk Controls
BottomUpProcess
Top Stocks from each
sector portfolio
10. Fund Features
STYLE BOX
Growth Blend Value
Large
Mid
Small
Source: CRISIL Fund Analyser
Risk Free rate : FBIL Overnight Mumbai Interbank Outright Rate 6.25% as on 31/Jan/2017.
Basis for Ration Calculation : 3 Years Daily Data Points
QUANTITATIVE
ANALYSIS
Standard deviation 15.43%
Beta# 0.96
Sharpe ratio 1.15
Expense ratio
(Regular Plan)
2.15%
Expense ratio
(Direct Plan)
1.26%
Large Cap
55.1%
Mid Cap
33.9%
Small Cap
7.1%
Cash
3.9%
11. Portfolio Holdings
Data as on 31.01.2017
Top Sector Holdings Top 10 Holdings
Stock Name % of Total AUM
HDFC BANK LTD. 4.93
STATE BANK OF INDIA 4.17
MAHINDRA & MAHINDRA FINANCIAL SERVICES
LTD.
3.82
EQUITAS HOLDING LTD. 3.61
INFOSYS LTD. 3.30
HINDUSTAN PETROLEUM CORPORATION LTD. 3.28
INDIAN OIL CORPORATION LTD. 3.07
TATA MOTORS LTD. 3.07
MARUTI SUZUKI INDIA LTD. 2.95
NESTLE INDIA LTD. 2.60
Nature of Instruments % of Total AUM
FINANCIAL SERVICES 26.04
CONSUMER GOODS 12.21
ENERGY 9.35
IT 9.32
AUTOMOBILE 9.22
PHARMA 6.80
CONSTRUCTION 6.28
CEMENT & CEMENT PRODUCTS 3.19
METALS 2.49
INDUSTRIAL MANUFACTURING 2.27
12. Performance
Past performance may or may not be sustained in 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 equity schemes
is used for comparison purposes. Performance calculated for Regular Plan Growth Option. Since inception NAV is assumed as 10 Inception Date:
29/09/2005
3/12/15 to
30/12/16
31/12/14 to
31/12/15
31/12/13 to
31/12/14
Since Inception
Absolute
Returns (%)
CAGR Returns
(%)
PTP Returns
(INR)
SBI Magnum Multicap Fund-Regular-
Growth
5.82 9.81 55.98 11.93 35,559
S&P BSE 500
(Scheme Benchmark)
3.78 -0.82 36.96 10.67 31,302
S&P BSE Sensex
(Additional Benchmark)
1.95 -5.03 29.89 10.50 30,781
-10
0
10
20
30
40
50
60
31/12/2015 to
30/12/2016
31/12/2014 to
31/12/2015
31/12/2013 to
31/12/2014
Since Inception
SBI Magnum Multicap Fund - Reg Plan - Growth
Scheme Benchmark: - S&P BSE 500
Additional Benchmark: - S&P BSE Sensex
13. 31/12/15 to
30/12/16
31/12/14 to
31/12/15
31/12/13 to
31/12/14
Since Inception
Absolute Returns (%)
CAGR Returns
(%)
PTP Returns
(INR)
SBI Magnum Comma Fund 32.25 -6.14 31.47 10.18 30,218
Nifty Commodities Index
(Scheme Benchmark)
24.74 -9.54 16.67 9.04 26,841
S&P BSE Sensex
(Additional Benchmark)
1.95 -5.03 29.89 11.61 35,006
Past performance may or may not be sustained in 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 debt schemes is used for comparison purposes. Performance calculated for Regular Plan. Since inception NAV is assumed as 10. Inception Date:
08/08/2005
Performance of other Schemes Managed by Mr. Richard D’Souza
31/12/15 to
30/12/16
31/12/14 to
31/12/15
31/12/13 to
31/12/14
Since Inception
Absolute Returns (%)
CAGR Returns
(%)
PTP Returns (INR)
SBI Infrastructure Fund 9.27 2.71 48.06 2.18 12,271
Nifty Infrastructure
(Scheme Benchmark)
-2.05 -8.91 22.71 -3.72 6.977
S&P BSE Sensex
(Additional Benchmark)
1.95 -5.03 29.89 6.26 17,794
Past performance may or may not be sustained in 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 short
term debt schemes is used for comparison purposes. Performance calculated for Regular Plan. Since inception NAV is assumed as 10. Inception Date:
06/07/2007.
14. 31/12/15 to
30/12/16
31/12/14 to
31/12/15
31/12/13 to
31/12/14
Since Inception
Absolute Returns (%)
CAGR Returns
(%)
PTP Returns
(INR)
SBI PSU Fund 16.23 -11.10 41.54 0.87 10,580
S&P BSE PSU
(Scheme Benchmark)
12.88 -17.18 39.21 -3.00 8,204
S&P BSE Sensex
(Additional Benchmark)
1.95 -5.03 29.89 6.71 15,240
Past performance may or may not be sustained in 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 equity
schemes is used for comparison purposes. Performance calculated for Regular Plan. Since inception NAV is assumed as 10. Inception date:
07/07/2010
Performance of other Schemes Managed by Mr. Richard D’Souza
NAV of Schemes for which performance is given
Scheme Name 30/12/2016 31/12/2015 31/12/2014 31/12/2013
SBI Infrastructure Fund - Growth 12.2713 11.2301 10.9349 7.3854
SBI Magnum Comma Fund - Growth 30.2177 22.8488 24.3447 18.5167
SBI Magnum Multi Cap Fund - Growth 35.5592 33.6049 30.6032 19.6197
SBI PSU Fund - Growth 10.58 9.1025 10.2391 7.2339
15. SBI Funds Management
63% 37%
India’s premier and largest bank with over 200
years experience (Estd: 1806)
Asset base of USD 465bn*
Pan-India network of ~23,737 branches and
59,137 ATM’s as at end of September 2016
Servicing over 299 million customers
Only Indian bank in Fortune 500 list; ranked
among the top 100 banks in the world
Global leader in asset management
Backed by Credit Agricole and Amundi, the parent
company of Amundi Asset Management listed in
Euronext Paris
More than 2,000 institutional clients and
distributors in 30 countries
Over 100 million retail clients via its partner
networks
USD 1054 bn AuM as at end of September 2016
Ranking No 1 in Europe, Top 10 worldwide #
*Source: SBI Analyst Presentation as on end September 2016. USD 1 = INR 66.66
# Source : Amundi website as on end September 2016
16. SBI Funds Management: India’s First Bank Sponsored Funds
Source: SBI Funds Management Private Limited, AMFI; Average AUM (AAUM) for the quarter ending on December 31, 2016
A leading asset manager in India
• Expertise in managing assets across mutual funds,
segregated managed accounts, domestic advisory and
offshore advisory business
• Multiple asset classes ranging from equities and debt,
money market to ETFs and structured funds
• Investment team of 33 professionals with strong track
record
• Broad customer base with ~ 5.10 million folios related to
individual, corporate and institutional investors
Broad
Investor
Base
AUM
USD 14.09 bn
Wide
Distribution
Network
Experienced
Investment
Team
Extensive
Product
Range
Broad
Investor
Base
AAUM
Rs. 1,41,552 crs
Wide
Distribution
Network
Experienced
Investment
Team
Extensive
Product
Range
17. • Mr. Navneet Munot
Navneet joined SBIFM as a Chief Investment Officer in 2008. In his current role as CIO, Navneet is
responsible for overseeing investments across various asset classes worth over USD11 billion. His
prior stint was with Morgan Stanley Investment Management as Executive Director and head- multi
strategy. Prior to Morgan Stanley, Navneet was the Chief Investment Officer - Fixed Income and
Hybrid Funds at Birla Sun Life Asset Management Company Ltd. Navneet was associated with the
financial services business of the Birla group for 14 years and worked in various areas such as fixed
income, equities and foreign exchange.
Navneet holds masters degree in accountancy and business statistics from University of Ajmer and
is a Chartered Accountant from ICAI. He is a charter holder of the CFA Institute, USA and CAIA
Institute, USA. He is also a FRM charter holder of Global Association of Risk professionals (GARP).
• Mr. Richard D’souza
Richard joined SBIFM in 2010. Richard joins us from ASK Investment Managers where he was the
portfolio manager for PMS mandates. Prior to joining ASK, Richard was a sell side analyst with
various broking firms like Antique Shares, Sunidhi Consulting and Alchemy Shares for 11 years. He
started his career in 1992 as a research analyst at Ajit Vajani Share Brokers. Richard is a science
graduate from the University of Mumbai.
Biographies
18. SBIFM: A Complete Framework
Expertise
Highly experienced
team
Strong industry
relations
Complete in-house
research
Processes
Structured &
Disciplined
Rigorous investment
templates
Agility with Flexibility
Risk
Management
Six member team
Coherent monitoring
Group
Advantage
25 years of experience
Both domestic and
international strengths
Investors trust
19. Disclaimer
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. The views expressed herein are based on the basis of internal data, publicly available information &
other sources believed to be reliable. Any calculations made are approximations meant as guidelines only, which need to
be confirmed before relying on them. 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 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