SBI Short Term Debt Fund is an open ended income fund where the portfolio average maturity is capped at 3 years. This Debt scheme has the flexibility to invest in money market instruments, corporate bonds, Government securities/ T bills and securitized debt. SBI Short Term Debt Mutual Fund is best suited for investors seeking regular income for short term. To know more about this Debt Scheme visit our website https://www.sbimf.com/Products/DebtSchemes/SBI_Short_Term_Debt_Fund.aspx now!

1. SBI Short Term Debt Fund

2. This product is suitable for investors who are
seeking:
 Investment in debt and money-
market securities
 Regular income for short term
 Low risk
Disclaimer: Investors should consult their financial advisors if in doubt whether this
product is suitable for them.
SBI Short Term Debt Fund

3. Scheme Highlights
Options Growth & Dividend
Plans Regular Plan & Direct Plan
Dividend
Declaration of dividends on a weekly, fortnightly and monthly basis with
reinvestment/payout facilities.
Minimum Investment
Rs. 5000 & in multiples of Rs. 1 thereafter
Facilities
SIP, STP, SWP facilities available
Minimum Application- Rs.1000/week for 6 weeks, Rs.500/month for 12
months, Rs.1000/month for 6 months, Rs. 1500/quarter
Exit Load 0.25% for exit within 45 days from the date of allotment

4. Short Term Fund positioning
Short Term Bond Fund lies in between Liquid /Ultra Short term Funds & Long Term Bond Funds in
terms of risk/return positioning
Liquid
Funds
Short Term Bond
Funds
Long Term Bond
Funds
Dynamic Bond Fund
Ultra Short Term
Bond Funds
Duration profile
Yield

5. Portfolio Analysis
Data as on August 31, 2016
Issuer % Of NAV
GOVERNMENT OF INDIA 26.00
HOUSING DEVELOPMENT FINANCE
CORPORATION LIMITED 8.70
POWER FINANCE CORPORATION LTD 7.81
LIC HOUSING FINANCE LTD 7.42
CORPORATION BANK 5.30
STATE GOVERNMENT OF RAJASTHAN 3.65
FULLERTON INDIA CREDIT COMPANY LTD 3.59
ICICI BANK LTD 3.54
RURAL ELECTRIFICATION CORP LTD 3.40
TATA MOTORS LTD 3.33
Total 72.74
Top 10 Holdings
Ratings Breakdown % of NAV
Below AA+ 5.66
AA+ 5.99
SOV,AAA and Equivalent 80.48
NCA(Incl. Cash,Deposits) 7.87
9.73
1.35
29.65
48.41
0.47
2.52
7.87
CD
CP
Dated Govt Securities
NCD
T-Bills
ZCB
NCA/CBLO/Reverse
Repo

6. Performance Report
Data as on June 30, 2016
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.
30-Jun-2015 to 30-
Jun-2016
30-Jun-2014 to 30-
Jun-2015
28-Jun-2013 to 30-
Jun-2014
Since Inception
Absolute Returns (%) CAGR Returns (%)
PTP Returns
(INR)
SBI Short Term Debt Fund
8.75 9.02 7.73 6.59 17,681
Crisil Short Term Bond Fund Index
(Scheme Benchmark) 8.94 9.56 8.81 8.11 20,070
Crisil 1 year T-Bill Index (Additional
Benchmark) 7.67 8.54 5.93 6.30 17,267
0
2
4
6
8
10
12
30-Jun-2015 to 30-Jun-
2016
30-Jun-2014 to 30-Jun-
2015
28-Jun-2013 to 30-Jun-
2014
SBI Short Term Debt Fund - Reg Plan -
Growth
Scheme Benchmark: - Crisil Short Term
Bond Fund Index
Additional Benchmark: - Crisil 1 Yr T-Bill
Index

7. Investment Objective: To provide investors with
an opportunity to generate regular income
through investments in a portfolio comprising of
debt instruments which are rated not below
investment grade by a credit rating agency and
money market instruments.
Type of Instrument
% of net
assets
Risk
profile
Debt securities including money-
market instruments and debt
Derivatives
65-100 Low to
Medium
Securitized Debt 0-35 Medium
Scheme Highlights
Average Maturity: Portfolio average maturity
is capped at 3 years. Average maturity is
tactically maintained within the boundary
range.
2.99
2.81
2.54 2.53
2.68 2.70
2.95 2.85 2.77
2.93 2.87 2.88
0
1
2
3
4
5
Average Maturity over last 12 months

8. Trends in short term rates
Source: Bloomberg as on August 31, 2016
Less volatility is expected in short-term rates in the near term as RBI has engaged in active liquidity
management.
6
7
8
9
10
11
12 MIBOR 91 Days T-bill 3 Month CD Rate 12 Month CD Rate

9. Narrowing Spreads Between the Long term and the Short term Bonds
Source: Bloomberg as on August 31, 2016
Corporate bond spreads have recently corrected to lower levels
7
8
9
10
11
Sep-14
Oct-14
Nov-14
Dec-14
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
Jan-16
Feb-16
Mar-16
Apr-16
May-16
Jun-16
Jul-16
Aug-16
Percentage
AAA Yield Curve
1 Year AAA 3 Year AAA

10.  The portfolio would be invested in mark to market securities, with exposure to non
mark to market securities kept largely for liquidity requirements and on a tactical
basis .
 The Portfolio in normal cases to have higher maturity / duration & mark to market
component vis-à-vis liquid & ultra short term funds.
 Investments in scheme suitable for investors having investment horizon of at least 3
months to a year.
 Over the next 3-6 months, inflation is expected to decline significantly supported
largely by softening food prices. This along with RBI’s neutral liquidity stance and rate
cut expectation could result in further spread contraction across the curve. The
scheme would maintain a predominantly AAA /AA+ focus on credit.
 The scheme would maintain a predominantly AAA /AA+ focus on credit, while taking
selective exposure to non AAA bonds with a rating floor of AA-.
Current Investment Approach

11.  Focus on consistent
above average risk
adjusted returns
– Fundamental research based approach and focus on
risk management to generate consistent above
average returns
 Fundamental
research based
approach
– Capturing inefficiencies in the Fixed income markets
that give rise to multiple sources of alpha through
disciplined risk taking
 Focus on risk
management
– Risk management is crucial to achieving the
investment objective and is an integral part of portfolio
management.
 Identifying multiple
sources of alpha
– Sharper focus on credit research: credit cycles will be
shorter and lack of liquidity pose another challenge.
Focus on Fundamental Research & Risk Management

12. Biographies
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
Accountant. He is also a Charter holder of the CFA
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
University. He is also a charter holder of the CFA
Institute, USA
Rajeev Radhakrishnan
CFA, Head of Fixed Income

13. Performance of other schemes managed by Mr. Rajeev Radhakrishnan
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 June,
2008
30-Jun-
2015 to 30-
Jun-2016
30-Jun-2014
to 30-Jun-
2015
28-Jun-2013
to 30-Jun-
2014
Since Inception
Absolute Returns (%)
CAGR
Returns
(%)
PTP
Returns
(INR)
SBI Ultra-short Term Debt
Fund - Growth
8.40 8.98 9.25 7.98 19,857
CRISIL Liquid Fund Index
(Scheme Benchmark)
7.90 8.77 9.68 7.62 19,265
Crisil 1 Year T-Bill Index
(Additional benchmark) 7.67 8.54 5.93 6.30 17,267
Managing since
November, 2013
30-Jun-
2015 to
30-Jun-
2016
30-Jun-
2014 to
30-Jun-
2015
28-Jun-
2013 to
30-Jun-
2014
Since Inception
Absolute
Returns (%)
CAGR
Returns
(%)
PTP Returns
(INR)
SBI Treasury Advantage
Fund - Growth
8.53 9.26 9.76 8.30 17,096
CRISIL 1 year CD Index
(Scheme Benchmark) 8.26 9.19 7.82 N.A. N.A.
Crisil 1 Year T-Bill Index
(Additional benchmark)
7.67 8.54 5.93 6.55 15,328
Managing since June,
2008
30-Jun-
2015 to
30-Jun-
2016
30-Jun-2014
to 30-Jun-
2015
28-Jun-
2013 to
30-Jun-
2014
Since Inception
Absolute
Returns (%
CAGR
Returns
(%)
PTP
Returns
(INR)
SBI Magnum Children’s
Benefit Plan - Growth
15.04 9.76 26.39 10.33 41,023
CRISIL MIP Blended
Index (Scheme
Benchmark)
8.63 11.05 8.28 N.A. N.A.
Crisil 10 year Gilt Index
(Additional benchmark)
10.03 11.76 -2.47 6.53 24,807
Managing since
May, 2010
7
Days
15
Days
30
Days
30-Jun-
2015
to 30-
Jun-
2016
30-Jun-
2014 to
30-Jun-
2015
28-Jun-
2013 to
30-Jun-
2014
Since Inception
SA Returns
(%)
Absolute Returns (%)
CAGR
Returns
(%)
PTP
Retur
ns
(INR)
SBI Magnum Insta-
Cash Fund – Growth
Plan 7.66 7.59 7.58 8.10 8.77 9.61 7.41 34,019
CRISIL Liquid Fund
Index (Scheme
Benchmark 8.20 7.47 7.82 7.90 8.77 9.68 N.A. N.A.
Crisil 1 Year T-Bill
Index (Additional
benchmark)
7.64 7.22 7.40 7.67 8.54 5.93 6.57 29,720

14. 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. 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, 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
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