SBI EQUITY SCHEMES FORM

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Factsheets for Month of May 2008

Listed below are factsheets for the month of May 2008.

Reliance Mutual Fund-Factsheet May 2008

HDFC Mutual Fund-Factsheet April 2008

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sbi-magnum-factsheet-mar-2008

ELSS SCHEMES COMPARISION-16 MAY 2008

ELSS Schemes Performance Comparision-May 2008.

Investments in Equity Linked Savings Schemes, popular mode of investment for tax planning purposes has increased over the period of years. Below is the comparision of some of the schemes. All investments in this category of mutual funds are eligible for tax rebates and have a lock in period of 3 years from the date of investment.

Kotak Mahindra MF launches Sensex ETF

Kotak Mahindra MF launches Sensex ETF

Kotak Mahindra Asset Management Company has announced the launch of an exchange traded fund which will focus on the stocks that comprise the BSE SENSEX. The investment objective of the scheme is to provide returns that closely correspond to the total returns of the BSE SENSEX subject to tracking error. The scheme will be benchmarked against BSE Sensex. The fund is open for subscription from May 07, 2008 till May 16, 2008. The units will be listed on BSE to provide liquidity through secondary market. Each unit of the Kotak Sensex ETF will be approximately equal to 1/100th of the value of BSE SENSEX. The minimum investment amount during the New Fund Offer is Rs 10,000 and in multiples of Rs 1,000.

SIP with Life Cover from Reliance Mutual Fund

Reliance MF offers life insurance cover through SIP investment.

Reliance MF has introduced an add-on feature into their 10 schemes ‘Reliance SIP Insure’ to encourage investors to save and invest regularly through Systematic Investment Plan (SIP), to ensure that investors achieve their financial objective even in the unfortunate event of death before completing the SIP tenure as the balance amount towards the SIP installments remaining unpaid shall be made good from the life insurance cover and the nominee would be able to continue investing in the scheme without having to make any further contribution. The cost of life insurance premium will be borne by the AMC. The ‘Reliance SIP Insure’ feature will be available under the following schemes as: Reliance Growth fund, Reliance Vision Fund, Reliance Diversified Power Fund, Reliance Regular Saving Equity and Balance Option, Reliance Banking Fund, Reliance Pharma Fund, Reliance Media and Entertainment Fund, Reliance Equity Fund, Reliance Equity Opportunities Fund, Reliance Equity Advantage Fund.

Click Here to download latest Fact Sheet of Reliance Mutual Fund(May 2008 Factsheet).

Click Here to open a Reliance Mutual Fund account.

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MUTUAL FUND ADDRESS AND WEBSITES

NAME AND ADDRESSES OF SEBI REGISTERED MUTUAL FUNDS

1. ABN AMRO Mutual Fund
101, 10th Floor, Sakhar Bhavan
Nariman Point
Mumbai 400 021
TEL : 91-22-5656 3848
FAX : 91-22-5656 3840
Email : v.krishnan@in.abnamro.com

2. Alliance Capital Mutual Fund,
Address for correspondence
C/o. AZB & Partners
Advocates & Solicitors,
Express Towers – 23rd Floor,
Nariman Point, Mumbai – 400 021

3. AIG Global Investment Group Mutual Fund
FCH House, Ground Floor
Peninsula Corporate Park
Ganpatrao Kadam Marg
Lower Parel
Mumbai – 400 013
TEL : 40930000
FAX: 40930077

4. Benchmark Mutual Fund,
405, Raheja Chambers,
213, Free Press Journal Marg,
Nariman Point,
Mumbai – 400 021
TEL : 56512727
FAX : 22003412
WEB : www.benchmarkfunds.com
Email : webmaster@benchmarkfunds.com

5. BOB Mutual Fund,
105, Maker Chamber III,
10th Floor,
Nariman Point,
Mumbai 400 021.
TEL : 2285 2161/2156/2148/2141
FAX :22670203
WEB : www.bobmf.com
Email : bobamc@vsnl.com

6. Birla Mutual Fund
2nd Floor, Ahura Centre,
Tower A,
96 A-D, Mahakali Caves Rd.,
Andheri (East),
Mumbai 400093.
TEL : 56928000
FAX : 56928110
Web: www.birlasunlife.com

7. Bharti AXA Mutual Fund
51, 5th Floor,
Kalpataru Synergy, East Wing,
Vakola, Santacruz (E),
Mumbai 400 055.
TEL : 40479000
FAX : 40479001
Web : www.bhartiaxa-im.com
Email: info@bhartiaxa-im.com

8. Canara Robeco Mutual Fund
Construction House, 4th Floor,
5, Walchand Hirachand Marg,
Ballard Estate, Mumbai 400 001.
Tel : 6658 5000 to 5010
Fax 6658 5011 to 5013
WEB : www.canararobeco.com
Email : crmf@canararobeco.com

9. CRB Mutual Fund (Suspended)
Daruwala Mansion, 3rd Floor,
90 Chandanwadi Cross Lane,
Mumbai 400 020.
TEL : 2072719/20
FAX : 2096433

10 DBS Chola Mutual Fund,
World Trade Centre, Centre I,
27th Floor, Unit 1, Cuffe Parade,
Mumbai 400 005.
TEL : 66574000
FAX : 66574004
WEB : www.dbscholamutualfund.com
Email :ccamcmum@chola.murugappa.com

11 Deutsche Mutual Fund
2nd Floor, 222, Kodak House,
Dr. D. N. Road,
Mumbai 400 001.
TEL : 22072211
FAX : 22074411
WEB : http://www.deutschemutual.com
Email : deutsche.mutual@db.com

12 DSP Merrill Lynch Mutual Fund,
Tulsiani Chambers,
West Wing, 11th Floor,
Nariman Point,
Mumbai 400 021.
TEL : 56578000
FAX: 56578181
WEB : www.dspmlmutualfund.com
Email : dspmlmf@ml.com

13 Edelweiss Mutual Fund
14th Floor, Express Towers,
Nariman Point, Mumbai – 400 021
TEL : 022-22864400
FAX : 022-4097 9970
Email Id: investor.amc@edelcap.com
Website: www.edelweissmf.com
Toll Free No: 1800 425 0090

14 Escorts Mutual Fund,
11, Scindia House,
Connaught Circus,
New Delhi 110 001.
TEL : 011-3321654 / 5177 / 3319991 / 3351343
FAX : 011-23761495, 23325177
WEB: www.escortsmutual.com
Email : help@escortsmutual.com
Mumbai Tel. Nos.
TEL : 30947097, 24218162

15 Franklin Templeton Mutual Fund
Level 4, Wockhardt Towers,
Bandra Kurla Complex,
Bandra (East),
Mumbai – 400 051
TEL : 6751 9100
FAX : 6649 0622
WEB : www.templetonindia.com

16 Fidelity Mutual Fund
56, 5th floor, Maker Chambers VI,
220, Nariman Point,
Mumbai 400 021
TEL: Toll Free number 1-600- 121262
Gurgaon : +91 (0124) 509 2104
(Investor Relations Officer’s number)
Mumbai : + 91 (022) 5655 4000
FAX: Gurgaon : +91 (0124) 509 2100
Mumbai: +91 (022) 5655 4200
Email: investor.line@fidelity.co.in
WEB : www.fidelity.co.in

17 HDFC Mutual Fund,
Ramon House, 3rd Floor,
169, Backbay Reclamation,
Churchgate,
Mumbai 400 020.
TEL : 22029111
FAX: 22028862
WEB : www.hdfcfund.com

18 HSBC Mutual Fund,
314 D N Road, Fort,
Mumbai 400 001.
TEL : 66145000
FAX: 40029600
Email : hsbcmf@hsbc.co.in

19 ICICI Securities Fund,
ICICI Towers, 7th Floor,
North Block,
Bandra-Kurla Complex,
Mumbai 400 051.
TEL : 6531414 / 6538988 (D)
FAX : 6531063 / 6531178

20 IL & FS Mutual Fund,
IL&FS Financial Centre,
7th Flr.,Plot No. C-22, ‘G’ Block
Bandra-Kurla Complex
Bandra East,
Mumbai 400 051.
TEL : 26533333
FAX : 26523854
Email: ilfsamc@vsnl.com
Email: customercase@ilfsamcindia.com

21 ING Mutual Fund,
Unit No. 101,
601/606, 6th Floor,
“Windsor”,
Off. C.S.T. Road,
Vidyanagari Marg,
Kalina, Santacruz (East),
Mumbai – 400 098
TEL : 022-39827999
Toll Free : 18004255433
FAX : 022-26500248
Email : information@in.ing.com
WEB : www.ingim.co.in

22 J M Financial Mutual Fund
5th, Floor, A-Wing, Laxmi Towers,
Bandra-Kurla Complex,
Mumbai 400 051.
TEL : 39877777
FAX : 26528377-78
WEB : www.JMFinancialmf.com
Email : mktg@jmmutual.com

23 JP Morgan Mutual Fund
9th Floor, Mafatlal Centre,
Nariman Point
Mumbai – 400021
TEL : 2285 5666
FAX : 6639 3095
WEB : www.jpmorganmf.com
Email : india.investors@jpmorgan.com

24 Kotak Mahindra Mutual Fund,
5A, 5th Floor, Bhaktawar,
229, Nariman Point,
Mumbai 400 021.
TEL : 22024884
FAX : 22830338
WEB : www.kotakmahindramutual.com

25 KJMC Mutual Fund,
168, Atlanta,
16th Floor,
Nariman Point
Mumbai 400 021
TEL : 22885201/22832350
FAX : 22852892
Email : kjmcmutual@kjmcmutual.com

26 LIC Mutual Fund
Industrial Assurance Bldg.,
4th Floor, Opp Churchgate Stn.,
Mumbai 400 020.
TEL : 22851661/22851663
FAX : 22040039
WEB : www.licmutual.com

27 Lotus India Mutual Fund
6th Floor, Chandermukhi,
Nariman Point,
Mumbai – 400 021.
TEL : 67474444
FAX : 67474455
WEB : www.lotusindiaamc.com

28 Morgan Stanley Mutual Fund
Forbes Building,
Charanjit Rai Marg,
Mumbai – 400 001.
TEL : 22096600
FAX : 22096606 / 22096610
WEB : www.msgfindia.com

29 Mirae Asset Mutual Fund
Unit 606, 6th Floor, Windsor,
Off CST Road, Kalina, Santacruz (E),
MUMBAI 400 098
TEL : 67800300
FAX : 6725 3942 / 45
Email : customercare@miraeassetmf.co.in
WEB : www.miraeassetmf.co.in

30 Principal Mutual Fund
Apeejay House, 5th Floor,
3, Dinshaw Vaccha Road,
Churchgate
Mumbai 400 020.
TEL : 56590333
FAX : 22044990
WEB : www.principalindia.com
Email : customer@principalindia.com

31 ICICI Prudential Mutual Fund
8th Floor, Peninsula Tower,
Peninsula Corporate Park,
Ganpatrao Kadam Marg,
Off Senapati Bapat Marg,
Lower Parel, Mumbai 400 013.
TEL : 24997000
FAX : 24997029
Registered Office :
12th Floor, Narain Manzil,
23, Barakhamba Road,
New Delhi – 110 001
WEB : www.pruicici.com

32 Quantum Mutual Fund,
Regent Chambers,
# 107, 1st Floor,
Nariman Point,
Mumbai – 400 021
TEL : 22830322
FAX : 22854318
WEB : www.quantumamc.com

33 Reliance Mutual Fund
Express Building,
6th Floor, 14-E-Road,
Above Satkar Hotel,
Opposite Churchgate Station,
Churchgate,
Mumbai – 400 020
TEL : 30287168
FAX : 30414885
WEB: www.reliancemutual.com
Email : customer_care@reliancemutual.com

34 Sahara Mutual Fund,
Express Towers, 12th Floor,
Nariman Point,
Mumbai – 400 021
Ph. No: 56547885, 30957153
Fax: 56547856
WEB : www.saharamutual.com
Email : smfchn@saharamutual.com

35 SBI Mutual Fund
191, Maker Towers “E”
Cuffe Parade
Mumbai 400005
TEL : 22180221-25,27
FAX : 22189663
WEB : www.sbimf.com

36 Shriram Mutual Fund
106, Shiv Chambers, 1stFloor,
‘B’ Wing Sector – 11,
C.B.D.Belapur,
Navi Mumbai 400 614.
TEL : 7901447/8
FAX : 7901449
Email: srmf@roltanet.com
37 Standard Chartered Mutual Fund,
1st Floor, 90, M G Road,
Fort, Mumbai – 400 001.
TEL : 22621111
FAX : 22693365
Email : scmf@instandardchartered.com

38 Sundaram BNP Paribas Mutual Fund,
46, Whites Road,
Royapettah,
Chennai 600 014.
TEL : 044-28543362/28543367
FAX : 044-28543156

39 Taurus Mutual Fund
3rd Floor, DCM Building,
Barakhamba Road,
New Delhi 110 001.
TEL : 011-23321631/1756/3717593/3717593
FAX : 011-23324677
WEB : www.creditcapitalamc.com
Email: camco@del3.vsnl.net.in
Mumbai Address:
305, Regent Chambers,
208, Jamnalal Bajaj Marg,
Nariman Point,
Mumbai 400021.
TEL : 2826598/99

40 Tata Mutual Fund,
Fort House, 221 Dr. D N Road,
Mumbai 400 001.
TEL : 66578282
FAX : 22613782
WEB : www.tatamutualfund.com
Email kiran@tataamc.com

41 UTI Mutual Fund
UTI Towers,
‘Gn’ Block, Bandra-Kurla Complex,
Bandra (East),
Mumbai 400 051
TEL : 56786666
FAX : 56786578
WEB : www.utimf.com
The Association of Mutual Funds of India
Association of Mutual Funds of India (AMFI)
709, Raheja Centre
Free Press Journal Marg
Nariman Point
Mumbai – 400 021
TEL : 66101886/7
22876338/9
FAX : 66101889/66101916
WEB: www.amfiindia.com
Email: amfi@bom5.vsnl.net.in

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AIG World Gold Fund

AIG World Gold Fund

A Fund of Funds scheme that will invest in international securities of Gold production, processing & marketing Companies through an international fund- AIG PB Equity Fund Gold.

Scheme Features

Investment Objective The primary investment objective of the Scheme is to provide long term capital appreciation by investing predominantly in units of AIG PB Equity Fund Gold. The Scheme may, at the discretion of the Investment Manager, also invest in the units of other similar overseas mutual fund schemes. The Scheme may also invest a certain portion of its corpus in debt and money market securities and/or units of debt/liquid schemes of Mutual Funds, in order to meet liquidity requirements from time to time.However, there is no assurance that the investment objective of the Scheme will be realized.
Indicative Asset Allocation Under normal circumstances, it is anticipated that the asset allocation shall be as follows:

Instrument Range of Allocation (% of net assets) Risk Profile
Units of AIG PB Equity Fund Gold# &/or other similar overseas mutual fund scheme(s) 80% to 100% High
Debt and money market securities and/or units of debt/liquid schemes of Domestic Mutual Funds. 0% to 20% Low to Medium

# In the units of AIG PB Equity Fund Gold, a mutual fund subject to Swiss law in the “securities funds” category as defined by the Investment Funds Act dated March 18, 1994.

The above Asset Allocation Pattern is only indicative. The investment manager may, in line with the investment objectives of the Scheme, alter the above pattern for a short term period on defensive considerations, the intention at all times being to protect the interests of the Unit Holders.

Benchmark for performance comparison Financial Times Gold Mines Total- Price Index, in USD is the benchmark of AIG PB Equity Fund Gold.The above translated to INR using the RBI Reference Rate will be the benchmark if AIG World Gold Fund.
Purchase Price for New Fund Offer (NFO) Rs.10/- per Unit for cash plus applicable Entry Load.E.g. For purchases attracting an Entry Load (2.25%), the Purchase Price = Rs. 10.225/-.

For purchases not attracting Entry Load, the Purchase Price = Rs. 10/-.

Purchase/ Redemption Price during Ongoing Offer During the Ongoing Offer period, the price for Purchases and Redemptions will be based on Applicable NAVs subject to applicable Entry and Exit Loads/ CDSC respectively.
Options available under each Plan The Scheme offers Growth option and Dividend option. The Dividend option offers Dividend Payout and Dividend Reinvestment facilities.
Minimum Application Amount & Minimum Additional Application Amount For all first time purchases, the application must be for a minimum amount of Rs. 5,000/–. For all subsequent purchases, the application must be for a minimum amount of Rs. 5,000/–.

In the case of purchases through SIP and STP, the minimum installment amount shall be Rs. 1,000/-.

The minimum amount in case of inter/ intra scheme switches shall be minimum amount required in the respective transferee scheme/plan.

Minimum Amount / Units for Redemption The minimum amount for redemption must be Rs. 1000/- or account balance whichever is less.
Expenses The entry load charged will be used to incur the expenses during New Fund Offer. Expenses in excess of the limit prescribed under the Regulations shall be borne by the AMC.
Applicable NAV For all purchase, redemption and switch transactions- For valid applications accepted:Upto 3:00 PM (Cut-off time) on a Business Day- NAV of such Business Day

After 3:00 PM (Cut-off time) on a Business Day- NAV of the following Business Day

The above will be applicable only for cheques/ drafts/ payment instructions payable locally in the city in which ISC is located. Outstation cheques/ drafts will not be accepted.

Load Structure
Particular Purchase Purchase through SIP/ STP (Applicable only in Regular Plan)
Entry Load (Applicable during New Fund Offer and Ongoing Offer)
Where the purchase amount is less than Rs. 5 crore – 2.25% of the Applicable NAV.
Where the purchase amount is Rs. 5 crore and above – Nil.
As a result of Dividend Re-investment – Nil.
1.25% of the Applicable NAV.
For each purchase application received directly * (not routed through any distributor/agent/broker)- Nil
Exit Load (Applicable during New Fund Offer and Ongoing Offer)
For investments less than Rs. 5 crores – 1.00% of the Applicable NAV if redeemed within 1 year from the date of allotment.
For investments of Rs. 5 crores and above – 0.50% of the Applicable NAV if redeemed within 6 months from the date of allotment.
If the units are redeemed within 2 years from the date of allotment – 1.00% of the Applicable NAV.
If the units are held for 2 years or more from the date of allotment – Nil.

* Directly means purchase applications (including additional purchases and switch-in) that are not routed through any distributor/agents/brokers. Such application may be marked Direct or Not Applicable in the broker code column of the application form/ transaction slip. In case of any change in the broker code column, the investor has to strike off the earlier entry, enter the new code (Direct, Not Applicable or Broker Code) and the same has to be counter signed.

Facilities Offered to Investors under the Scheme Systematic Investment Plan (SIP)

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NAV of All SBI Mutual Fund schemes as on 02-May-2008

NAV as on 02-May-2008
SBI Mutual Fund
Open Ended Schemes (Income)
Scheme NAV Name Net Asset Value Repurchase Price Sale Price Date
SBI Magnum Income Fund-Bonus 12.5628 12.5 12.5628 02-May-08
SBI Magnum Income Fund-Dividend 10.2081 10.1571 10.2081 02-May-08
SBI Magnum Income Fund-Growth 20.74 20.6363 20.74 02-May-08
SBI Magnum Income Plus Fund – Investment Plan (D) 10.8534 10.7449 10.8534 02-May-08
SBI Magnum Income Plus Fund – Investment Plan (G) 14.3925 14.2486 14.3925 02-May-08
SBI Magnum Income Plus Fund – Savings Plan (D) 10.2589 10.1563 10.2589 02-May-08
SBI Magnum Income Plus Fund – Savings Plan (G) 10.6041 10.4981 10.6041 02-May-08
SBI Magnum Monthly Income Plan-Dividend-Annually 11.0306 10.9754 11.0306 02-May-08
SBI Magnum Monthly Income Plan-Dividend-Monthly 10.9579 10.9031 10.9579 02-May-08
SBI Magnum Monthly Income Plan-Dividend-Quaterly 10.5984 10.5454 10.5984 02-May-08
SBI Magnum Monthly Income Plan – Growth 18.2354 18.1442 18.2354 02-May-08
SBI Magnum Monthly Income Plan-Floater-Dividend-(Annual) 10.8671 10.8671 10.8671 02-May-08
SBI Magnum Monthly Income Plan-Floater-Dividend-(Monthly) 10.4149 10.4149 10.4149 02-May-08
SBI Magnum Monthly Income Plan-Floater-Dividend-(Quarterly) 10.3492 10.3492 10.3492 02-May-08
SBI Magnum Monthly Income Plan-Floater-Growth 11.7047 11.7047 11.7047 02-May-08
SBI MAGNUM NRI – SHORT TERM BOND PLAN-DIVIDEND 10.5038 10.5038 10.5038 02-May-08
SBI MAGNUM NRI – SHORT TERM BOND PLAN-GROWTH 10.7975 10.7975 10.7975 02-May-08
SBI MAGNUM NRI LONG TERM BOND PLAN-DIVIDEND 10.3 10.2485 10.3 02-May-08
SBI MAGNUM NRI LONG TERM BOND PLAN-GROWTH 10.9047 10.8502 10.9047 02-May-08
SBI Short Horizon Fund – Liquid Plus fund – Institutional Plan – Daily Dividend 10.005 10.005 10.005 02-May-08
SBI Short Horizon Fund – Liquid Plus fund – Institutional Plan – Fortnightly Dividend 0 0 0 02-May-08
SBI Short Horizon Fund – Liquid Plus fund – Institutional Plan – Growth 10.6228 10.6228 10.6228 02-May-08
SBI Short Horizon Fund – Liquid Plus fund – Institutional Plan – Monthly Dividend 10.0889 10.0889 10.0889 02-May-08
SBI Short Horizon Fund – Liquid Plus fund – Institutional Plan – Weekly Dividend 10.0549 10.0549 10.0549 02-May-08
SBI Short Horizon Fund – Liquid Plus fund – Retail Plan – Daily Dividend 10.0048 10.0048 10.0048 02-May-08
SBI Short Horizon Fund – Liquid Plus fund – Retail Plan – fortnightly Dividend 0 0 0 02-May-08
SBI Short Horizon Fund – Liquid Plus fund – Retail Plan – Growth 10.5772 10.5772 10.5772 02-May-08
SBI Short Horizon Fund – Liquid Plus fund – Retail Plan – Monthly Dividend 10.0663 10.0663 10.0663 02-May-08
SBI Short Horizon Fund – Liquid Plus fund – Retail Plan – Weekly Dividend 10.0496 10.0496 10.0496 02-May-08
SBI SHORT HORIZON FUND-SHORT TERM FUND INSTITUTIONAL DIVIDEND FORTNIGHTLY 0 0 0 02-May-08
SBI SHORT HORIZON FUND-SHORT TERM FUND INSTITUTIONAL DIVIDEND MONTHLY 10.1095 10.1095 10.1095 02-May-08
SBI SHORT HORIZON FUND-SHORT TERM FUND INSTITUTIONAL DIVIDEND WEEKLY 0 0 0 02-May-08
SBI SHORT HORIZON FUND-SHORT TERM FUND INSTTUTIONAL GROWTH 0 0 0 02-May-08
SBI SHORT HORIZON FUND-SHORT TERM FUND RETAIL DIVIDEND FORTNIGHTLY 0 0 0 02-May-08
SBI SHORT HORIZON FUND-SHORT TERM FUND RETAIL DIVIDEND MONTHLY 10.1046 10.0541 10.1046 02-May-08
SBI SHORT HORIZON FUND-SHORT TERM FUND RETAIL DIVIDEND WEEKLY 10.0538 10.0035 10.0538 02-May-08
SBI SHORT HORIZON FUND-SHORT TERM FUND RETAIL GROWTH 10.5742 10.5213 10.5742 02-May-08
Open Ended Schemes (Growth)
Magnum Equity Fund -Dividend 32.11 31.79 32.83 02-May-08
Magnum Equity Fund- Growth 36.53 36.16 37.35 02-May-08
SBI Arbitrage Opportunities Fund – Div 10.8108 10.7838 10.8108 02-May-08
SBI Arbitrage Opportunities Fund – Gr 11.4143 11.3858 11.4143 02-May-08
SBI BLUE CHIP FUND-DIVIDEND 11.58 11.46 11.84 02-May-08
SBI BLUE CHIP FUND-GROWTH 13.29 13.16 13.59 02-May-08
SBI Magnum Children Benefit Plan- Holding Held for <= 1 Year 18.6485 18.089 18.9282 02-May-08
SBI Magnum COMMA Fund – Dividend 20.63 20.42 21.09 02-May-08
SBI Magnum COMMA Fund – Growth 22.72 22.49 23.23 02-May-08
SBI MAGNUM GLOBAL FUND 94 – DIVIDEND 32.45 32.13 33.18 02-May-08
SBI MAGNUM GLOBAL FUND 94 – GROWTH 49.13 48.64 50.24 02-May-08
SBI Magnum Index Fund – Dividend 22.6538 22.6538 22.7671 02-May-08
SBI Magnum Index Fund – Growth 45.6704 45.6704 45.8988 02-May-08
SBI Magnum MIDCAP FUND – DIVIDEND 19.58 19.38 20.02 02-May-08
SBI Magnum MIDCAP FUND – GROWTH 25.53 25.27 26.1 02-May-08
SBI Magnum Multicap Fund – Dividend Option 13.47 13.34 13.77 02-May-08
SBI Magnum Multicap Fund – Growth Option 17.73 17.55 18.13 02-May-08
SBI Magnum Multiplier Plus Scheme – 93 -Dividend 54.13 53.59 55.35 02-May-08
SBI Magnum Multiplier Plus Scheme – 93 -Growth 66.76 66.09 68.26 02-May-08
SBI MAGNUM NRI FLEXIASSET PLAN-DIVIDEND 27.095 26.8241 27.7046 02-May-08
SBI MAGNUM NRI FLEXIASSET PLAN-GROWTH 26.9802 26.7104 27.5873 02-May-08
SBI MSFU CONTRA-DIVIDEND 32.64 32.31 33.37 02-May-08
SBI MSFU CONTRA-GROWTH 50.2 49.7 51.33 02-May-08
SBI MSFU EMERGING BUSINESSES FUND – DIVIDEND 19.59 19.39 20.03 02-May-08
SBI MSFU EMERGING BUSINESSES FUND – GROWTH 36.26 35.9 37.08 02-May-08
SBI MSFU FMCG 16.5 16.34 16.87 02-May-08
SBI MSFU IT 20.71 20.5 21.18 02-May-08
SBI MSFU PHARMA – DIVIDEND 26.76 26.49 27.36 02-May-08
SBI MSFU PHARMA – GROWTH 32.5 32.18 33.23 02-May-08
Open Ended Schemes (Balanced)
SBI Magnum Balanced Fund – Dividend 27.96 27.68 28.59 02-May-08
SBI Magnum Balanced Fund – Growth 43.23 42.8 44.2 02-May-08
Open Ended Schemes (Liquid)
MAGNUM INSTA CASH FUND – DAILY DIVIDEND 16.7503 16.7503 16.7503 04-May-08
SBI Magnum Insta Cash Fund – Liquid Floater Plan – Dividend 10.2786 10.2786 10.2786 04-May-08
SBI Magnum Insta Cash Fund – Liquid Floater Plan – Growth 14.0991 14.0991 14.0991 04-May-08
SBI MICF CASH PLAN 18.2504 18.2504 18.2504 04-May-08
SBI MICF DIVIDEND PLAN 10.7068 10.7068 10.7068 04-May-08
SBI Premier Liquid Fund – Institutional – Fortnightly Dividend 10.1189 10.1189 10.1189 04-May-08
SBI Premier Liquid Fund – Institutional – Weekly Dividend 10.5933 10.5933 10.5933 04-May-08
SBI Premier Liquid Fund – Institutional – Daily Dividend 10.0325 10.0325 10.0325 04-May-08
SBI Premier Liquid Fund – Institutional – Growth 13.0831 13.0831 13.0831 04-May-08
SBI Premier Liquid Fund – Super Institutional – Fortnightly Dividend 0 0 0 04-May-08
SBI Premier Liquid Fund – Super Institutional – Weekly Dividend 10.5775 10.5775 10.5775 04-May-08
SBI Premier Liquid Fund – Super Institutional – Daily Dividend 10.0325 10.0325 10.0325 04-May-08
SBI Premier Liquid Fund – Super Institutional – Growth 12.9323 12.9323 12.9323 04-May-08
Open Ended Schemes (Gilt)
SBI MGLT- DIVIDEND – PF (Fixed Period – 1 Yr) Option 10.0578 10.0075 10.0578 02-May-08
SBI MGLT- DIVIDEND – PF (Fixed Period – 2 Yrs) Option 10.0161 9.946 10.0161 02-May-08
SBI MGLT- DIVIDEND – PF (Fixed Period – 3 Yrs) Option 10.1146 10.0236 10.1146 02-May-08
SBI MGLT- DIVIDEND – PF (Regular) Option 10.1819 10.1819 10.1819 02-May-08
SBI MGLT- GROWTH – PF (Fixed Period – 1 Yr) Option 11.573 11.5151 11.573 02-May-08
SBI MGLT- GROWTH – PF (Fixed Period – 2 Yrs) Option 11.4835 11.4031 11.4835 02-May-08
SBI MGLT- GROWTH – PF (Fixed Period – 3 Yrs) Option 11.3415 11.2394 11.3415 02-May-08
SBI MGLT- GROWTH – PF (Regular) Option 11.6879 11.6879 11.6879 02-May-08
SBI MGLT-DIVIDEND 10.1263 10.1263 10.1263 02-May-08
SBI MGLT-GROWTH 18.2628 18.2628 18.2628 02-May-08
SBI MGST-DIVIDEND 10.2663 10.2663 10.2663 02-May-08
SBI MGST-GROWTH 16.3303 16.3303 16.3303 02-May-08
Open Ended Schemes (ELSS)
SBI MAGNUM TAXGAIN SCHEME 1993 – DIVIDEND 44.87 44.87 45.88 02-May-08
SBI MAGNUM TAXGAIN SCHEME 1993 – GROWTH 55.21 55.21 56.45 02-May-08
Open Ended Schemes (Floating Rate)
SBI Magnum Income Fund – F R P – Long Term – Inst. (D) 0 0 0 02-May-08
SBI Magnum Income Fund – F R P – Long Term – Inst. (G) 0 0 0 02-May-08
SBI Magnum Income Fund – F R P – Long Term – Regular (D) 10.5028 10.4503 10.5028 02-May-08
SBI Magnum Income Fund – F R P – Long Term – Regular (G) 12.4778 12.4154 12.4778 02-May-08
SBI Magnum Income Fund – F R P – Short Term (D) 10.1258 10.1055 10.1258 02-May-08
SBI Magnum Income Fund – F R P – Short Term – (G) 12.4689 12.444 12.4689 02-May-08
SBI Magnum Income Fund – F R P – Short Term – Weekly (D) 10.2441 10.2236 10.2441 02-May-08
Close Ended Schemes (Income)
SBI CAPITAL PROTECTION ORIENTED FUND – I (15/10/07) Growth 9.8027 0 0 30-Apr-08
SBI DEBT FUND SERIES – 13 MONTHS – 3- DIVIDEND 10 10 N.A. 11-Apr-08
SBI DEBT FUND SERIES – 13 MONTHS – 3- GROWTH 11.2072 11.2072 N.A. 11-Apr-08
SBI DEBT FUND SERIES – 13 MONTHS – 4 – DIVIDEND 10 10 0 28-Apr-08
SBI DEBT FUND SERIES – 13 MONTHS – 4 – GROWTH 11.1958 11.1958 0 28-Apr-08
SBI DEBT FUND SERIES – 13 MONTHS – 6 (14/12/07) INSTITUITIONAL DIVIDEND 10.3512 10.1442 0 30-Apr-08
SBI DEBT FUND SERIES – 13 MONTHS – 6 (14/12/07) INSTITUTIONAL GROWTH 10.3521 10.1451 0 30-Apr-08
SBI DEBT FUND SERIES – 13 MONTHS – 6 (14/12/07) RETAIL DIVIDEND 10.3481 10.1411 0 30-Apr-08
SBI DEBT FUND SERIES – 13 MONTHS – 6 (14/12/07) RETAIL GROWTH 10.3476 10.1406 0 30-Apr-08
SBI DEBT FUND SERIES – 18 MONTHS – 2 INSTITUTIONAL DIVIDEND (30/10/07) 10.2005 10.0985 0 30-Apr-08
SBI DEBT FUND SERIES – 18 MONTHS – 2 INSTITUTIONAL GROWTH (30/10/07) 10.3968 10.2928 0 30-Apr-08
SBI DEBT FUND SERIES – 18 MONTHS – 2 RETAIL DIVIDEND (30/10/07) 10.1966 10.0946 0 30-Apr-08
SBI DEBT FUND SERIES – 18 MONTHS – 2 RETAIL GROWTH (30/10/07) 10.3917 10.2878 0 30-Apr-08
SBI Debt Fund Series – 18 Months -1- Dividend 10.391 10.3131 0 30-Apr-08
SBI Debt Fund Series – 18 Months -1-Growth 11.1986 11.1146 0 30-Apr-08
SBI Debt Fund Series – 24 Months -1- Dividend (10/05/07) 10.4692 10.2598 0 30-Apr-08
SBI Debt Fund Series – 24 Months -1-Growth (10/05/07) 10.9954 10.7755 0 30-Apr-08
SBI DEBT FUND SERIES – 30 DAYS-2-DIVIDEND 10.0962 10.071 N.A. 23-Apr-08
SBI DEBT FUND SERIES – 30 DAYS-2 (27/03/08)-GROWTH 10.0964 10.0712 N.A. 23-Apr-08
SBI DEBT FUND SERIES – 90 DAYS – 17 – DIVIDEND 10 10 0 04-Feb-08
SBI DEBT FUND SERIES – 90 DAYS – 17 – GROWTH 10.205 10.205 0 04-Feb-08
SBI DEBT FUND SERIES – 90 DAYS – 22 (26/03/08)-GROWTH 10.1116 10.0105 0 30-Apr-08
SBI DEBT FUND SERIES – 90 DAYS -22 (26/03/08)-DIVIDEND 10.112 10.0109 0 30-Apr-08
SBI DEBT FUND SERIES – 13 MONTHS – 5 – INSTITUTIONAL DIVIDEND 10.2041 10 0 30-Apr-08
SBI DEBT FUND SERIES – 13 MONTHS – 5 – INSTITUTIONAL GROWTH 10.6494 10.4364 0 30-Apr-08
SBI DEBT FUND SERIES – 13 MONTHS – 5 – RETAIL DIVIDEND 10.1967 9.9928 0 30-Apr-08
SBI DEBT FUND SERIES – 13 MONTHS – 5 – RETAIL GROWTH 10.6411 10.4283 0 30-Apr-08
SBI DEBT FUND SERIES 15 MONTHS – 2 – DIVIDEND 10 10 0 22-Apr-08
SBI DEBT FUND SERIES 15 MONTHS – 2 – GROWTH 11.166 11.166 0 22-Apr-08
SBI DEBT FUND SERIES 15 MONTHS – 3 – GROWTH 11.2012 11.1172 0 30-Apr-08
SBI DEBT FUND SERIES 15 MONTHS – 3 – DIVIDEND 10.3892 10.3113 0 30-Apr-08
SBI DEBT FUND SERIES 90D-19 (4/12/07) – DIVIDEND 10 10 N.A. 03-Mar-08
SBI DEBT FUND SERIES 90D-19 (4/12/07) – GROWTH 10.2227 10.2227 N.A. 03-Mar-08
SBI DEBT FUND SERIES-13M-7 (18/03/08) INSTITUTIONAL DIVIDEND 10.1538 9.9507 0 30-Apr-08
SBI DEBT FUND SERIES-13M-7 (18/03/08) INSTITUTIONAL GROWTH 10.1548 9.9517 0 30-Apr-08
SBI DEBT FUND SERIES-13M-7 (18/03/08) RETAIL DIVIDEND 10.1519 9.9489 0 30-Apr-08
SBI DEBT FUND SERIES-13M-7 (18/03/08) RETAIL GROWTH 10.1549 9.9518 0 30-Apr-08
SBI DEBT FUND SERIES-30D-1-(11/3/08)-DIVIDEND 10 10 N.A. 15-Apr-08
SBI DEBT FUND SERIES-30D-1-(11/3/08)-GROWTH 10.1014 10.1014 N.A. 15-Apr-08
SBI DEBT FUND SERIES-90D-16(16/10/07)-DIVIDEND 10 10 0 14-Jan-08
SBI DEBT FUND SERIES-90D-16(16/10/07)-GROWTH 10.2004 10.2004 0 14-Jan-08
SBI DEBT FUND SERIES-90D-20-(26/02/08)-DIVIDEND 10.1631 10.0615 0 30-Apr-08
SBI DEBT FUND SERIES-90D-20-(26/02/08)-GROWTH 10.1961 10.0941 0 30-Apr-08
SBI DEBT FUND SERIES-90D-21-(04-MAR-2008)-DIVIDEND 10.147 10.0455 0 30-Apr-08
SBI DEBT FUND SERIES-90D-21-(04-MAR-2008)-GROWTH 10.1721 10.0704 0 30-Apr-08
SBI DEBT FUND SERS-90D-18-(27/11/07)-D 10 10 0 25-Feb-08
SBI DEBT FUND SERS-90D-18-(27/11/07)-G 10.2223 10.2223 0 25-Feb-08
Close Ended Schemes (Growth)
SBI INFRASTRUCTURE FUND – SERIES I DIVIDEND (6/7/2007) 11.67 11.27 0 02-May-08
SBI INFRASTRUCTURE FUND – SERIES I GROWTH (6/7/2007) 11.67 11.27 0 02-May-08
SBI INFRASTRUCTURE FUND – SERIES I REPURCHASE DIVIDEND (6/7/2007) 11.27 11.27 0 02-May-08
SBI INFRASTRUCTURE FUND – SERIES I REPURCHASE GROWTH (6/7/2007) 11.27 11.27 0 02-May-08
SBI ONE INDIA FUND – DIVIDEND 10.61 10.31 N.A. 02-May-08
SBI ONE INDIA FUND – GROWTH 10.61 10.31 N.A. 02-May-08
SBI ONE INDIA FUND – REPURCHASE NAV- DIVIDEND 10.31 10.31 N.A. 02-May-08
SBI ONE INDIA FUND – REPURCHASE NAV- GROWTH 10.31 10.31 N.A. 02-May-08
Close Ended Schemes (ELSS)
SBI TAX ADVANTAGE FUND – SERIES I – DIVIDEND 10.6 0 0 30-Apr-08
SBI TAX ADVANTAGE FUND – SERIES I – GROWTH 10.6 0 0 30-Apr-08

AuM SBI MUTUAL FUND-All schemes as on 30-April-2008.

NAV as on 02-May-2008
SBI Mutual Fund
Open Ended Schemes (Income)
Scheme NAV Name Net Asset Value Repurchase Price Sale Price Date
SBI Magnum Income Fund-Bonus 12.5628 12.5 12.5628 02-May-08
SBI Magnum Income Fund-Dividend 10.2081 10.1571 10.2081 02-May-08
SBI Magnum Income Fund-Growth 20.74 20.6363 20.74 02-May-08
SBI Magnum Income Plus Fund – Investment Plan (D) 10.8534 10.7449 10.8534 02-May-08
SBI Magnum Income Plus Fund – Investment Plan (G) 14.3925 14.2486 14.3925 02-May-08
SBI Magnum Income Plus Fund – Savings Plan (D) 10.2589 10.1563 10.2589 02-May-08
SBI Magnum Income Plus Fund – Savings Plan (G) 10.6041 10.4981 10.6041 02-May-08
SBI Magnum Monthly Income Plan-Dividend-Annually 11.0306 10.9754 11.0306 02-May-08
SBI Magnum Monthly Income Plan-Dividend-Monthly 10.9579 10.9031 10.9579 02-May-08
SBI Magnum Monthly Income Plan-Dividend-Quaterly 10.5984 10.5454 10.5984 02-May-08
SBI Magnum Monthly Income Plan – Growth 18.2354 18.1442 18.2354 02-May-08
SBI Magnum Monthly Income Plan-Floater-Dividend-(Annual) 10.8671 10.8671 10.8671 02-May-08
SBI Magnum Monthly Income Plan-Floater-Dividend-(Monthly) 10.4149 10.4149 10.4149 02-May-08
SBI Magnum Monthly Income Plan-Floater-Dividend-(Quarterly) 10.3492 10.3492 10.3492 02-May-08
SBI Magnum Monthly Income Plan-Floater-Growth 11.7047 11.7047 11.7047 02-May-08
SBI MAGNUM NRI – SHORT TERM BOND PLAN-DIVIDEND 10.5038 10.5038 10.5038 02-May-08
SBI MAGNUM NRI – SHORT TERM BOND PLAN-GROWTH 10.7975 10.7975 10.7975 02-May-08
SBI MAGNUM NRI LONG TERM BOND PLAN-DIVIDEND 10.3 10.2485 10.3 02-May-08
SBI MAGNUM NRI LONG TERM BOND PLAN-GROWTH 10.9047 10.8502 10.9047 02-May-08
SBI Short Horizon Fund – Liquid Plus fund – Institutional Plan – Daily Dividend 10.005 10.005 10.005 02-May-08
SBI Short Horizon Fund – Liquid Plus fund – Institutional Plan – Fortnightly Dividend 0 0 0 02-May-08
SBI Short Horizon Fund – Liquid Plus fund – Institutional Plan – Growth 10.6228 10.6228 10.6228 02-May-08
SBI Short Horizon Fund – Liquid Plus fund – Institutional Plan – Monthly Dividend 10.0889 10.0889 10.0889 02-May-08
SBI Short Horizon Fund – Liquid Plus fund – Institutional Plan – Weekly Dividend 10.0549 10.0549 10.0549 02-May-08
SBI Short Horizon Fund – Liquid Plus fund – Retail Plan – Daily Dividend 10.0048 10.0048 10.0048 02-May-08
SBI Short Horizon Fund – Liquid Plus fund – Retail Plan – fortnightly Dividend 0 0 0 02-May-08
SBI Short Horizon Fund – Liquid Plus fund – Retail Plan – Growth 10.5772 10.5772 10.5772 02-May-08
SBI Short Horizon Fund – Liquid Plus fund – Retail Plan – Monthly Dividend 10.0663 10.0663 10.0663 02-May-08
SBI Short Horizon Fund – Liquid Plus fund – Retail Plan – Weekly Dividend 10.0496 10.0496 10.0496 02-May-08
SBI SHORT HORIZON FUND-SHORT TERM FUND INSTITUTIONAL DIVIDEND FORTNIGHTLY 0 0 0 02-May-08
SBI SHORT HORIZON FUND-SHORT TERM FUND INSTITUTIONAL DIVIDEND MONTHLY 10.1095 10.1095 10.1095 02-May-08
SBI SHORT HORIZON FUND-SHORT TERM FUND INSTITUTIONAL DIVIDEND WEEKLY 0 0 0 02-May-08
SBI SHORT HORIZON FUND-SHORT TERM FUND INSTTUTIONAL GROWTH 0 0 0 02-May-08
SBI SHORT HORIZON FUND-SHORT TERM FUND RETAIL DIVIDEND FORTNIGHTLY 0 0 0 02-May-08
SBI SHORT HORIZON FUND-SHORT TERM FUND RETAIL DIVIDEND MONTHLY 10.1046 10.0541 10.1046 02-May-08
SBI SHORT HORIZON FUND-SHORT TERM FUND RETAIL DIVIDEND WEEKLY 10.0538 10.0035 10.0538 02-May-08
SBI SHORT HORIZON FUND-SHORT TERM FUND RETAIL GROWTH 10.5742 10.5213 10.5742 02-May-08
Open Ended Schemes (Growth)
Magnum Equity Fund -Dividend 32.11 31.79 32.83 02-May-08
Magnum Equity Fund- Growth 36.53 36.16 37.35 02-May-08
SBI Arbitrage Opportunities Fund – Div 10.8108 10.7838 10.8108 02-May-08
SBI Arbitrage Opportunities Fund – Gr 11.4143 11.3858 11.4143 02-May-08
SBI BLUE CHIP FUND-DIVIDEND 11.58 11.46 11.84 02-May-08
SBI BLUE CHIP FUND-GROWTH 13.29 13.16 13.59 02-May-08
SBI Magnum Children Benefit Plan- Holding Held for <= 1 Year 18.6485 18.089 18.9282 02-May-08
SBI Magnum COMMA Fund – Dividend 20.63 20.42 21.09 02-May-08
SBI Magnum COMMA Fund – Growth 22.72 22.49 23.23 02-May-08
SBI MAGNUM GLOBAL FUND 94 – DIVIDEND 32.45 32.13 33.18 02-May-08
SBI MAGNUM GLOBAL FUND 94 – GROWTH 49.13 48.64 50.24 02-May-08
SBI Magnum Index Fund – Dividend 22.6538 22.6538 22.7671 02-May-08
SBI Magnum Index Fund – Growth 45.6704 45.6704 45.8988 02-May-08
SBI Magnum MIDCAP FUND – DIVIDEND 19.58 19.38 20.02 02-May-08
SBI Magnum MIDCAP FUND – GROWTH 25.53 25.27 26.1 02-May-08
SBI Magnum Multicap Fund – Dividend Option 13.47 13.34 13.77 02-May-08
SBI Magnum Multicap Fund – Growth Option 17.73 17.55 18.13 02-May-08
SBI Magnum Multiplier Plus Scheme – 93 -Dividend 54.13 53.59 55.35 02-May-08
SBI Magnum Multiplier Plus Scheme – 93 -Growth 66.76 66.09 68.26 02-May-08
SBI MAGNUM NRI FLEXIASSET PLAN-DIVIDEND 27.095 26.8241 27.7046 02-May-08
SBI MAGNUM NRI FLEXIASSET PLAN-GROWTH 26.9802 26.7104 27.5873 02-May-08
SBI MSFU CONTRA-DIVIDEND 32.64 32.31 33.37 02-May-08
SBI MSFU CONTRA-GROWTH 50.2 49.7 51.33 02-May-08
SBI MSFU EMERGING BUSINESSES FUND – DIVIDEND 19.59 19.39 20.03 02-May-08
SBI MSFU EMERGING BUSINESSES FUND – GROWTH 36.26 35.9 37.08 02-May-08
SBI MSFU FMCG 16.5 16.34 16.87 02-May-08
SBI MSFU IT 20.71 20.5 21.18 02-May-08
SBI MSFU PHARMA – DIVIDEND 26.76 26.49 27.36 02-May-08
SBI MSFU PHARMA – GROWTH 32.5 32.18 33.23 02-May-08
Open Ended Schemes (Balanced)
SBI Magnum Balanced Fund – Dividend 27.96 27.68 28.59 02-May-08
SBI Magnum Balanced Fund – Growth 43.23 42.8 44.2 02-May-08
Open Ended Schemes (Liquid)
MAGNUM INSTA CASH FUND – DAILY DIVIDEND 16.7503 16.7503 16.7503 04-May-08
SBI Magnum Insta Cash Fund – Liquid Floater Plan – Dividend 10.2786 10.2786 10.2786 04-May-08
SBI Magnum Insta Cash Fund – Liquid Floater Plan – Growth 14.0991 14.0991 14.0991 04-May-08
SBI MICF CASH PLAN 18.2504 18.2504 18.2504 04-May-08
SBI MICF DIVIDEND PLAN 10.7068 10.7068 10.7068 04-May-08
SBI Premier Liquid Fund – Institutional – Fortnightly Dividend 10.1189 10.1189 10.1189 04-May-08
SBI Premier Liquid Fund – Institutional – Weekly Dividend 10.5933 10.5933 10.5933 04-May-08
SBI Premier Liquid Fund – Institutional – Daily Dividend 10.0325 10.0325 10.0325 04-May-08
SBI Premier Liquid Fund – Institutional – Growth 13.0831 13.0831 13.0831 04-May-08
SBI Premier Liquid Fund – Super Institutional – Fortnightly Dividend 0 0 0 04-May-08
SBI Premier Liquid Fund – Super Institutional – Weekly Dividend 10.5775 10.5775 10.5775 04-May-08
SBI Premier Liquid Fund – Super Institutional – Daily Dividend 10.0325 10.0325 10.0325 04-May-08
SBI Premier Liquid Fund – Super Institutional – Growth 12.9323 12.9323 12.9323 04-May-08
Open Ended Schemes (Gilt)
SBI MGLT- DIVIDEND – PF (Fixed Period – 1 Yr) Option 10.0578 10.0075 10.0578 02-May-08
SBI MGLT- DIVIDEND – PF (Fixed Period – 2 Yrs) Option 10.0161 9.946 10.0161 02-May-08
SBI MGLT- DIVIDEND – PF (Fixed Period – 3 Yrs) Option 10.1146 10.0236 10.1146 02-May-08
SBI MGLT- DIVIDEND – PF (Regular) Option 10.1819 10.1819 10.1819 02-May-08
SBI MGLT- GROWTH – PF (Fixed Period – 1 Yr) Option 11.573 11.5151 11.573 02-May-08
SBI MGLT- GROWTH – PF (Fixed Period – 2 Yrs) Option 11.4835 11.4031 11.4835 02-May-08
SBI MGLT- GROWTH – PF (Fixed Period – 3 Yrs) Option 11.3415 11.2394 11.3415 02-May-08
SBI MGLT- GROWTH – PF (Regular) Option 11.6879 11.6879 11.6879 02-May-08
SBI MGLT-DIVIDEND 10.1263 10.1263 10.1263 02-May-08
SBI MGLT-GROWTH 18.2628 18.2628 18.2628 02-May-08
SBI MGST-DIVIDEND 10.2663 10.2663 10.2663 02-May-08
SBI MGST-GROWTH 16.3303 16.3303 16.3303 02-May-08
Open Ended Schemes (ELSS)
SBI MAGNUM TAXGAIN SCHEME 1993 – DIVIDEND 44.87 44.87 45.88 02-May-08
SBI MAGNUM TAXGAIN SCHEME 1993 – GROWTH 55.21 55.21 56.45 02-May-08
Open Ended Schemes (Floating Rate)
SBI Magnum Income Fund – F R P – Long Term – Inst. (D) 0 0 0 02-May-08
SBI Magnum Income Fund – F R P – Long Term – Inst. (G) 0 0 0 02-May-08
SBI Magnum Income Fund – F R P – Long Term – Regular (D) 10.5028 10.4503 10.5028 02-May-08
SBI Magnum Income Fund – F R P – Long Term – Regular (G) 12.4778 12.4154 12.4778 02-May-08
SBI Magnum Income Fund – F R P – Short Term (D) 10.1258 10.1055 10.1258 02-May-08
SBI Magnum Income Fund – F R P – Short Term – (G) 12.4689 12.444 12.4689 02-May-08
SBI Magnum Income Fund – F R P – Short Term – Weekly (D) 10.2441 10.2236 10.2441 02-May-08
Close Ended Schemes (Income)
SBI CAPITAL PROTECTION ORIENTED FUND – I (15/10/07) Growth 9.8027 0 0 30-Apr-08
SBI DEBT FUND SERIES – 13 MONTHS – 3- DIVIDEND 10 10 N.A. 11-Apr-08
SBI DEBT FUND SERIES – 13 MONTHS – 3- GROWTH 11.2072 11.2072 N.A. 11-Apr-08
SBI DEBT FUND SERIES – 13 MONTHS – 4 – DIVIDEND 10 10 0 28-Apr-08
SBI DEBT FUND SERIES – 13 MONTHS – 4 – GROWTH 11.1958 11.1958 0 28-Apr-08
SBI DEBT FUND SERIES – 13 MONTHS – 6 (14/12/07) INSTITUITIONAL DIVIDEND 10.3512 10.1442 0 30-Apr-08
SBI DEBT FUND SERIES – 13 MONTHS – 6 (14/12/07) INSTITUTIONAL GROWTH 10.3521 10.1451 0 30-Apr-08
SBI DEBT FUND SERIES – 13 MONTHS – 6 (14/12/07) RETAIL DIVIDEND 10.3481 10.1411 0 30-Apr-08
SBI DEBT FUND SERIES – 13 MONTHS – 6 (14/12/07) RETAIL GROWTH 10.3476 10.1406 0 30-Apr-08
SBI DEBT FUND SERIES – 18 MONTHS – 2 INSTITUTIONAL DIVIDEND (30/10/07) 10.2005 10.0985 0 30-Apr-08
SBI DEBT FUND SERIES – 18 MONTHS – 2 INSTITUTIONAL GROWTH (30/10/07) 10.3968 10.2928 0 30-Apr-08
SBI DEBT FUND SERIES – 18 MONTHS – 2 RETAIL DIVIDEND (30/10/07) 10.1966 10.0946 0 30-Apr-08
SBI DEBT FUND SERIES – 18 MONTHS – 2 RETAIL GROWTH (30/10/07) 10.3917 10.2878 0 30-Apr-08
SBI Debt Fund Series – 18 Months -1- Dividend 10.391 10.3131 0 30-Apr-08
SBI Debt Fund Series – 18 Months -1-Growth 11.1986 11.1146 0 30-Apr-08
SBI Debt Fund Series – 24 Months -1- Dividend (10/05/07) 10.4692 10.2598 0 30-Apr-08
SBI Debt Fund Series – 24 Months -1-Growth (10/05/07) 10.9954 10.7755 0 30-Apr-08
SBI DEBT FUND SERIES – 30 DAYS-2-DIVIDEND 10.0962 10.071 N.A. 23-Apr-08
SBI DEBT FUND SERIES – 30 DAYS-2 (27/03/08)-GROWTH 10.0964 10.0712 N.A. 23-Apr-08
SBI DEBT FUND SERIES – 90 DAYS – 17 – DIVIDEND 10 10 0 04-Feb-08
SBI DEBT FUND SERIES – 90 DAYS – 17 – GROWTH 10.205 10.205 0 04-Feb-08
SBI DEBT FUND SERIES – 90 DAYS – 22 (26/03/08)-GROWTH 10.1116 10.0105 0 30-Apr-08
SBI DEBT FUND SERIES – 90 DAYS -22 (26/03/08)-DIVIDEND 10.112 10.0109 0 30-Apr-08
SBI DEBT FUND SERIES – 13 MONTHS – 5 – INSTITUTIONAL DIVIDEND 10.2041 10 0 30-Apr-08
SBI DEBT FUND SERIES – 13 MONTHS – 5 – INSTITUTIONAL GROWTH 10.6494 10.4364 0 30-Apr-08
SBI DEBT FUND SERIES – 13 MONTHS – 5 – RETAIL DIVIDEND 10.1967 9.9928 0 30-Apr-08
SBI DEBT FUND SERIES – 13 MONTHS – 5 – RETAIL GROWTH 10.6411 10.4283 0 30-Apr-08
SBI DEBT FUND SERIES 15 MONTHS – 2 – DIVIDEND 10 10 0 22-Apr-08
SBI DEBT FUND SERIES 15 MONTHS – 2 – GROWTH 11.166 11.166 0 22-Apr-08
SBI DEBT FUND SERIES 15 MONTHS – 3 – GROWTH 11.2012 11.1172 0 30-Apr-08
SBI DEBT FUND SERIES 15 MONTHS – 3 – DIVIDEND 10.3892 10.3113 0 30-Apr-08
SBI DEBT FUND SERIES 90D-19 (4/12/07) – DIVIDEND 10 10 N.A. 03-Mar-08
SBI DEBT FUND SERIES 90D-19 (4/12/07) – GROWTH 10.2227 10.2227 N.A. 03-Mar-08
SBI DEBT FUND SERIES-13M-7 (18/03/08) INSTITUTIONAL DIVIDEND 10.1538 9.9507 0 30-Apr-08
SBI DEBT FUND SERIES-13M-7 (18/03/08) INSTITUTIONAL GROWTH 10.1548 9.9517 0 30-Apr-08
SBI DEBT FUND SERIES-13M-7 (18/03/08) RETAIL DIVIDEND 10.1519 9.9489 0 30-Apr-08
SBI DEBT FUND SERIES-13M-7 (18/03/08) RETAIL GROWTH 10.1549 9.9518 0 30-Apr-08
SBI DEBT FUND SERIES-30D-1-(11/3/08)-DIVIDEND 10 10 N.A. 15-Apr-08
SBI DEBT FUND SERIES-30D-1-(11/3/08)-GROWTH 10.1014 10.1014 N.A. 15-Apr-08
SBI DEBT FUND SERIES-90D-16(16/10/07)-DIVIDEND 10 10 0 14-Jan-08
SBI DEBT FUND SERIES-90D-16(16/10/07)-GROWTH 10.2004 10.2004 0 14-Jan-08
SBI DEBT FUND SERIES-90D-20-(26/02/08)-DIVIDEND 10.1631 10.0615 0 30-Apr-08
SBI DEBT FUND SERIES-90D-20-(26/02/08)-GROWTH 10.1961 10.0941 0 30-Apr-08
SBI DEBT FUND SERIES-90D-21-(04-MAR-2008)-DIVIDEND 10.147 10.0455 0 30-Apr-08
SBI DEBT FUND SERIES-90D-21-(04-MAR-2008)-GROWTH 10.1721 10.0704 0 30-Apr-08
SBI DEBT FUND SERS-90D-18-(27/11/07)-D 10 10 0 25-Feb-08
SBI DEBT FUND SERS-90D-18-(27/11/07)-G 10.2223 10.2223 0 25-Feb-08
Close Ended Schemes (Growth)
SBI INFRASTRUCTURE FUND – SERIES I DIVIDEND (6/7/2007) 11.67 11.27 0 02-May-08
SBI INFRASTRUCTURE FUND – SERIES I GROWTH (6/7/2007) 11.67 11.27 0 02-May-08
SBI INFRASTRUCTURE FUND – SERIES I REPURCHASE DIVIDEND (6/7/2007) 11.27 11.27 0 02-May-08
SBI INFRASTRUCTURE FUND – SERIES I REPURCHASE GROWTH (6/7/2007) 11.27 11.27 0 02-May-08
SBI ONE INDIA FUND – DIVIDEND 10.61 10.31 N.A. 02-May-08
SBI ONE INDIA FUND – GROWTH 10.61 10.31 N.A. 02-May-08
SBI ONE INDIA FUND – REPURCHASE NAV- DIVIDEND 10.31 10.31 N.A. 02-May-08
SBI ONE INDIA FUND – REPURCHASE NAV- GROWTH 10.31 10.31 N.A. 02-May-08
Close Ended Schemes (ELSS)
SBI TAX ADVANTAGE FUND – SERIES I – DIVIDEND 10.6 0 0 30-Apr-08
SBI TAX ADVANTAGE FUND – SERIES I – GROWTH 10.6 0 0 30-Apr-08

AuM as on 30-April-2008

Assets Under Management (AUM) as at the end of Apr-2008 (Rs in Lakhs)
Mutual Fund Name Average AUM For The Month Fund Of Funds
Reliance Mutual Fund 9,638,640.71 0.00
ICICI Prudential Mutual Fund 5,570,852.40 3,289.00
UTI Mutual Fund 5,254,940.11 0.00
HDFC Mutual Fund 5,177,081.86 0.00
Birla Sun Life Mutual Fund 3,948,922.04 1,803.10
SBI Mutual Fund 3,039,473.38 0.00
Franklin Templeton Mutual Fund 2,863,163.39 23,431.35
Tata Mutual Fund 2,234,847.54 0.00
Kotak Mahindra Mutual Fund 2,009,186.40 31,220.06
DSP Merrill Lynch Mutual Fund 1,816,449.75 164,980.55
HSBC Mutual Fund 1,686,497.34 10,839.88
LIC Mutual Fund 1,613,425.58 0.00
PRINCIPAL Mutual Fund 1,488,093.83 0.00
Sundaram BNP Paribas Mutual Fund 1,361,944.64 26,463.27
Standard Chartered Mutual Fund 1,361,750.87 4,530.21
Deutsche Mutual Fund 1,211,679.69 6,679.45
JM Financial Mutual Fund 1,207,988.65 0.00
Fidelity Mutual Fund 848,502.29 2,742.85
ING Mutual Fund 846,996.29 77,917.66
Lotus India Mutual Fund 795,702.17 0.00
ABN AMRO Mutual Fund 632,867.65 22,005.06
AIG Global Investment Group Mutual Fund 381,117.95 0.00
Canara Robeco Mutual Fund 372,163.44 0.00
Morgan Stanley Mutual Fund 330,922.81 0.00
JPMorgan Mutual Fund 245,109.35 0.00
DBS Chola Mutual Fund 231,092.34 0.00
Mirae Asset Mutual Fund 216,095.20 0.00
Taurus Mutual Fund 32,850.86 0.00
Sahara Mutual Fund 18,762.17 0.00
Escorts Mutual Fund 15,163.41 0.00
BOB Mutual Fund 7,055.06 0.00
Quantum Mutual Fund 6,703.30 0.00
Benchmark Mutual Fund 0.00 0.00
Bharti AXA Mutual Fund 0.00 0.00
Grand Total 56,466,042.47 375,902.44

SEBI CIRCULAR on Bonus Units and Redemption.

DEPUTY GENERAL MANAGER
INVESTMENT MANAGEMENT DEPARTMENT
SEBI/IMD/CIR No. 14/120784/08
March 18, 2008
All Mutual Funds Registered with SEBI
Association of Mutual Funds in India (AMFI)
Dear Sirs,
Sub: Load on Bonus Units and units allotted on Reinvestment of Dividend
1. The practice of charging load on bonus units issued to unit holders by mutual
funds was taken up with AMFI. Based on the recommendations of AMFI
Working Group on Standardization of Key Operational Areas, it was decided
that AMCs shall not charge entry as well as exit load on Bonus units and of
units allotted on reinvestment of Dividend.
2. While necessary advice in this regard is already being given to Mutual Funds
at the time of filing of draft offer documents, AMCs are hereby advised to
make necessary disclosures in this regard in the draft offer documents filed
with SEBI.
3. The provisions of this circular shall also be applicable to redemption by
existing unit holders with effect from April 1, 2008. Necessary addendum may
be issued by the AMCs in this regard.
4. This circular is issued in exercise of powers conferred under Section 11 (1) of
the Securities and Exchange Board of India Act, 1992, read with the
provisions of Regulation 77 of SEBI (Mutual Funds) Regulations, 1996, to
protect the interests of investors in securities and to promote the development
of, and to regulate the securities market.

Yours faithfully,
Ruchi Chojer.

Mutual Fund Trends on Stock Exchanges APR-2008.

Trends in Transactions on Stock Exchanges by Mutual Funds
(as on 10-APR-2008)

(Provisional and subject to revision) April 2007
Trading Date Debt/Equity Gross Purchases(Rs Crores) Gross Sales(Rs Crores) Net Investment (Rs Crores)
01-APR-2008 Equity 403.20 688.20 (285.00)
Debt 0.00 0.00 0.00
02-APR-2008 Equity 520.90 648.80 (127.90)
Debt 3364.70 1610.60 1754.10
03-APR-2008 Equity 531.20 599.80 (68.60)
Debt 3687.90 1925.40 1762.50
04-APR-2008 Equity 396.80 559.30 (162.50)
Debt 1722.90 648.30 1074.70
07-APR-2008 Equity 598.20 638.10 (40.00)
Debt 6024.50 1504.90 4519.60
08-APR-2008 Equity 635.00 545.20 89.80
Debt 3202.90 936.80 2266.10
09-APR-2008 Equity 644.30 429.90 214.40
Debt 2908.30 1541.60 1366.70
10-APR-2008 Equity 610.20 293.50 316.70
Debt 1666.20 922.10 744.20
Total Equity 4339.8003 4402.8003 -63.0
Debt 22577.4 9089.699 13487.701
The above report is compiled on the basis of reports submitted to SEBI by custodians on 10-APR-2008 and constitutes trades conducted by Mutual Funds.

SBI MAGNUM TAXGAIN SCHEME 1993 OFFER DOCUMENT

SBI MAGNUM TAX GAIN 1993 SCHEME
CLICK HERE

Related Posts Only (manually created not automatically generated)

Principal MF

SBI MAGNUM TAXGAIN 1993 SCHEME-Part 1

Investment Objective
The prime objective of scheme is to deliver the benefit of investment in a portfolio of equity shares, while offering tax rebate on such investments made in the scheme under section 80 C of the Income-tax Act, 1961. It also seeks to distribute income periodically depending on distributable surplus.
Asset Allocation
Instrument % of Portfolio of Plan A & B Risk Profile
Equity,PCD’s and FCD’s and bonds 80-100% Medium to High
Money market instruments 0 – 20% Low
Scheme Highlights
1. There is a statutory lock-in period of three years for investments in a Tax Saving Scheme (irrespective of the fact whether the investors claim the rebate u/s 80C or any other section or not).

2. Dividends may be declared depending on distributable profits of the scheme. Facility to reinvest dividend proceeds into the scheme at NAV.

3. Switchover facility to any other open-ended schemes of SBI Mutual Fund at NAV related prices available after the statutory lock-in period.

Launch Date

Minimum Application

March 31, 1993 Rs. 500 and Multiples of Rs 500

Entry Load

Exit Load

Investments below Rs. 5 crores – 2.25% Investments of Rs.5 crores and above – NIL
Nil

SIP

SWP
Rs.500/month – 12 months Rs.1000/month – 6months Rs.1500/quarter – 12 months
A minimum of Rs. 500 can be withdrawn every month or quarter by issuing advance instructions to the Registrars at any time. This facility is available only after the lock-in period of three years.
Nav’s
Plan

Latest Nav

Date
Magnum Tax Gain Scheme – 1993 – Dividend 41.4 11/04/2008
Magnum Tax Gain Scheme – 1993 – Growth 50.95 11/04/2008

Related Posts Only (manually created not automatically generated)

Latest NAV of/for SBI Magnum TaxGain ELSS Scheme-Updated Daily
elss schemes comparision 16-may-2008
elss performance report nov 2007
elss comparision aug 2007
sbi magnum taxgain dividend history
sbi equity schemes form
sbi magnum taxgain equity linked savings scheme elss
sbi magnum taxgain elss equity linked savings scheme elss
sbi tax advantage fund series 1

Principal MF

STATUS OF MUTUAL FUNDS INDUSTRY IN INDIA

STATUS OF MUTUAL FUNDS INDUSTRY IN INDIA FOR THE PERIOD APRIL – FEBRUARY 2008

No. of Schemes

No. of folios

Funds mobilized

Repurchase/ Redemption

Net Inflow (+ve)/ Outflow (-ve)

Unit Capital as on February 29, 2008

Net Assets as on February 29, 2008

Average Asset under Management

Open

Closed

Total

Open

Closed

Total

Open

Closed

Total

Open

Closed

Total

Open

Closed

Total

Open

Closed

Total

Open

Closed

Total

(in Rs. Crores)

(in Rs. Crores)

(in Rs. Crores)

(in Rs. Crores)

(no. of units, in crores)

(in Rs. Crores)

A

INCOME / DEBT ORIENTED SCHEMES

i

Liquid/ Money Market

57

0

57

187312

0

187312

3075630.85

0.00

3075630.85

3037721.05

0.00

3037721.05

37909.80

0.00

37909.80

7861.23

0.00

7861.23

112399.98

0.00

112399.98

112149.01

ii

Gilt

30

0

30

23777

0

23777

2538.66

0.00

2538.66

2521.37

0.00

2521.37

17.29

0.00

17.29

156.42

0.00

156.42

2443.41

0.00

2443.41

2196.06

iii

Debt(other than ass.re)

205

242

447

2399814

361051

2760865

697560.57

82162.66

779723.23

579626.99

98843.03

678470.02

117933.58

-16680.36

101253.21

11552.69

7409.09

18961.78

155779.39

76648.79

232428.18

231769.31

iv

Debt (assured return)

0

0

0

0

0

0

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

(i+ii+iii+iv)

Sub total

292

242

534

2610903

361051

2971954

3775730.08

82162.66

3857892.74

3619869.41

98843.03

3718712.43

155860.67

-16680.36

139180.31

19570.34

7409.09

26979.42

270622.78

76648.79

347271.57

346114.39

B

GROWTH / EQUITY ORIENTED SCHEMES

i

ELSS

29

10

39

5445039

773407

6218446

4361.57

0.00

4361.57

137.10

144.79

281.89

4224.47

-144.79

4079.68

500.28

88.37

588.65

14490.36

2207.79

16698.15

16578.77

ii

Others

221

42

263

22698570

6911680

29610250

91846.33

17647.22

109493.56

69106.75

4288.66

73395.40

22739.58

13358.57

36098.15

6786.51

3487.99

10274.50

141404.58

34493.78

175898.35

179606.67

(i+ii)

Sub total

250

52

302

28143609

7685087

35828696

96207.90

17647.23

113855.12

69243.85

4433.45

73677.30

26964.05

13213.78

40177.83

7286.79

3576.36

10863.15

155894.94

36701.57

192596.51

196185.44

C

BALANCED SCHEMES

i

Balanced schemes

32

6

38

2775297

132910

2908207

10588.86

344.82

10933.68

4927.10

257.29

5184.39

5661.76

87.53

5749.29

387.95

90.08

478.03

15421.00

2942.70

18363.70

18667.87

D

EXCHANGE TRADED FUND

i

GOLD ETF

5

0

5

75884

0

75884

402

0

402

132

0

132

270

0

270

0

0

0

493

0

493

475

ii

Other ETFs

8

0

8

7639

0

7639

8471

0

8471

10843

0

10843

-2372

0

-2372

6

0

6

4096

0

4096

4723

GRAND TOTAL

587

300

887

33613332

8179048

41792380

3891399

100155

3991554

3705015

103534

3808549

186384

-3379

183005

27252

11076

38327

446527

116293

562819.95

566166.00

D

Fund of Funds Scheme

20

15

35

205209

32441

237650

2887.86

339.54

3227.40

1201.21

992.61

2193.82

1686.66

-653.07

1033.59

215.32

82.59

297.92

3002.32

876.81

3879.12

3767.00

No.of schemes also includes serial plans.

Notes

1. Erstwhile UTI has been divided into UTI Mutual Fund (registered with SEBI) and the Specified Undertaking of UTI (not registered with SEBI). Above data contains information only of UTI Mutual Fund.

MF industry at a glance.

Mutual Fund Industry at a glance.

Status of Mutual Funds for the period April 2007 – February 2008

(Figs in Rs. Crore)

Private Sector Mutual Funds

Public Sector Mutual Funds

Grand

Total

A

UTI

(i)

Others

(ii)

Sub-total

(i)+(ii)

B

A+B

Mobilisation of Funds

3392284.83

304035.33

295233.55

599268.88

3991553.71

Repurchase / Redemption Amt.

3237246.65

288461.46

282840.98

571302.44

3808549.09

Net Inflow/ Outflow

(-ve) of funds

155038.19

15573.87

12392.57

27966.43

183004.62

Cumulative Position of net assets as on February 29, 2008 (%)

459670.07

(81.67%)

56625.35

(10.06%)

46524.53

(8.27%)

103149.88

(18.33%)

562819.95


Note:

1. Net assets of Rs. 3879.12 crores pertaining to Fund of Funds Schemes is not included in the above data.

HALF CENTURY.

Half Century

The country’s mutual fund space may soon become a 50-member strong industry, with more than a dozen new players looking to start their businesses either this year or by early 2009.

The prominent names likely to start their mutual fund businesses soon include leading domestic financial services firm Indiabulls Financial Services, banks like Axis Bank, Bank of India and Yes Bank, besides a host of other local and overseas entities.

Out of these, more than half a dozen are expected to be up and running in 2008 itself, while state-run Bank of India is currently scouting for a foreign partner.

Indiabulls received an in-principle approval from the market regulator SEBI for starting its mutual fund business last week and expects its asset management venture to start in next 3-4 months, after putting in place management and compliance teams.

Currently, there are 33 fund houses in the country, collectively managing assets worth close to Rs5.5 trillion.

According to industry people, the market could soon attain a size of over Rs10 trillion given the huge potential yet to be tapped by the new as well as existing players.

Besides, industry experts believe that growth would benefit the consumers as well with an increased competition expected to result into various new products and that too with new benefits to the customers.

“More than half a dozen new mutual funds are set to enter the industry, hopefully this year. There is enough scope for the new entrants as now, we have just scratched the surface of the market and there is a long way to go. As of now, just about 5% of the households in the country are covered by the existing players,”said A P Kurien, chairman, Association of mutual funds in India.

Gold ETF beats it all……

Gold ETF beats it all……time and again…

Scheme Name 1 mth 3 mths 6 mths 1 yr 3 yrs NAV Category Structure
Gold BeES (8.53) 6.81 24.85 24.96 1171.35 ETF Open Ended
Kotak Gold ETF (8.52) 6.81 24.88 1174.80 ETF Open Ended
Reliance Gold ETF -Dividend (8.62) 6.32 1159.38 ETF Open Ended
UTI Gold ETF (8.53) 6.83 24.95 1173.83 ETF Open Ended
S&P Nifty (4.47 ) (25.94 ) (10.78 ) 24.40 31.05
BSE Sensex (6.10 ) (25.83 ) (13.69 ) 19.93 32.41
CNX500 (7.35) (31.89) (13.55) 21.52 27.57
Nasdaq 4.90 (5.34) (13.26) (3.56) 5.99
FTSE 3.11 (6.32) (9.18 ) (6.54 ) 6.69
Dow Jones 3.24 (1.49) (9.77) 0.63 6.55
Strait Times 8.08 (8.21) (16.60) (5.31) 13.49
HangSeng 4.95 (11.83) (10.04) 20.00 21.52
Kospi 5.39 (5.23) (11.83) 19.03 21.58
Taiwan Weighted 2.29 3.39 (10.58 ) 9.11 12.57
MSCI Emerging Markets Index 11.57 11.98 26.55 44.93 32.07
BSE 500 (8.37) (31.70) (13.32) 24.77 29.45
Nikkei 2.32 (9.52) (22.23) (24.17) 4.44

 

 

PMLA 20002 and Mutual Funds in India.(KYC Compliance for Mutual Funds)

The provisions of The Prevention of Money Laundering Act, 2002 (PMLA), has made it mandatory for all Mutual Funds to comply with the ‘Know Your Client’ (KYC) norms of the applicants desirous of subscribing to their ‘units’. In this regard, CVL has been mandated by the Mutual Fund industry to create the necessary infrastructure in order to handle the KYC on behalf of the Mutual Fund Industry. CVL is handling the work of “Customer profiling and Record Keeping” for issuance of Know Your Client (KYC) acknowledgement to mutual fund investors.

As a result, all applicants will now have to submit their PAN card copy (which serves as Proof of Identity (PoI)) and Proof of Address (PoA) only once to the designated Point of Service (PoS) centers spread across the country. After confirming the credentials of the investor, the PoS issues KYC acknowledgement letter that needs to be submitted along with the mutual fund investments.

Verify your status here

FAQ for KYC.

FAQ’s
Know-your-client (KYC) procedure – Frequently asked Questions (FAQ)
Guidelines issued by Securities and Exchange Board of India under The Prevention of Money Laundering Act, 2002 (“PMLA”) requires Mutual Funds to follow enhanced know your client (KYC) norms. This FAQ is only meant to clarify certain questions relating to enhanced KYC procedures. Please contact your distributor/ DSP Merrill Lynch Mutual Fund for further clarifications.

* What is KYC?
KYC is an acronym for “Know your Client”, a term commonly used for Client Identification Process. SEBI has prescribed certain requirements relating to KYC norms for Financial Institutions and Financial Intermediaries including Mutual Funds to ‘know’ their clients. This would be in the form of verification of identity and address, financial status, occupation and such other personal information. Applicant must be KYC compliant while investing with any SEBI registered Mutual Fund.

* What are the KYC requirements for a Mutual Fund Investor?
Individual investors will have to produce his Proof of identity (Photo PAN card copy or PAN card copy and copy of the passport, driving license etc ) and Proof of Address (any valid documents listed in section B of the KYC Application Form for Individuals). Non -Individual Investors will have to produce certain documents pertaining to its constitution/registration to fulfill the KYC process. A list of Mandatory Certified Documents to be submitted can be found in section C of the KYC application form for Non-Individual Investors.

* Where and how does one get to be KYC Compliant? Does the investor have to repeat the KYC process with every Mutual Fund?
The Association of Mutual Funds of India (AMFI) has facilitated a centralized platform through CDSL Ventures Limited (“CDSL”), a wholly owned subsidiary of Central Depository Services (India) Limited, to carry out the KYC procedure on behalf of all Mutual Funds. CVL through its Points of Service (POS) will accept KYC Application Forms, verify documents and provide the KYC Acknowledgement (across the counter on a best effort basis). The list of PoS will be displayed on the websites of Mutual Funds, CDSL and AMFI. Once the KYC is duly completed in all regards, the investor needs to produce a copy of the acknowledgement when investing for the first time with a Mutual Fund. There is no need to repeat the KYC process individually for each mutual fund.

* What is a KYC Application Form?
A KYC Application Form has been designed for Individual and Non-Individual Investors separately. These forms are available on the website of mutual funds, AMFI and Central Depository Services (India) Limited (CDSL). You may also approach your distributor for a form. It is important to read the instructions printed on the KYC Application Form while filling-up the form.

* Should the investor visit PoS personally to obtain KYC Compliance?
No. If the investor is not in a position to visit PoS personally, the KYC Application Form along with the necessary documents (including originals if the copies are not attested) can be sent through the distributor or representative, who can arrange to complete the KYC process and obtain the KYC Acknowledgement through any of the PoS.

* From what date is it mandatory for an investor to be KYC Compliant?
With effect from 01 February 2008, any investor investing Rs. 50,000 and above would be required to complete the KYC process.

* To whom is a KYC applicable? Is there any exemption?
Currently, all investors (Individuals or Non Individuals) who wish to make an investment of Rs. 50,000 or above in a mutual fund scheme will be required to complete the KYC process. This would also apply to new Systematic Investment Plan (SIP) registrations on or after 01 February 2008, if each SIP installment is of value greater than or equal to Rs.50,000. Please find the list of personnel who are required to be KYC compliant:

Joint Holders: Joint holders (including first, second and third if any, are required) to be individually KYC compliant before they can invest with any Mutual Fund. . e.g. in case of three joint holders, all holders need to be KYC compliant and copies of each holder’s KYC Acknowledgement must be attached to the investment application form with any Mutual Fund.

Minors: In case of investments in respect of a Minor, the Guardian should be KYC compliant and attach their KYC Acknowledgement while investing in the name of the minor. The Minor, upon attaining majority, should immediately apply for KYC compliance in his/her own Capacity and intimate the concerned Mutual Fund(s), in order to be able to transact Furthering his/her own capacity.

Power of Attorney (PoA) Holder: Investors desirous of investing through a PoA must note that The KYC compliance requirements are mandatory for both the PoA issuer (i.e. Investor) and the Attorney (i.e. the holder of PoA), both of whom should be KYC compliant in their independent Capacity and attach their respective KYC Acknowledgements while investing.

For transmission (IN case of death of the unite holder): If the deceased is the sole applicant, the claimant should submit his/her KYC Acknowledgement in the request along with the other relevant documents to effect the transmission in his/her favors.

* How does the investor transact in Mutual Fund after completing the KYC process?
Investors must attach their KYC Acknowledgement along with the Investment Application Form(s) / Transaction Slip(s) while investing for the first time in a mutual fund. Applications Forms / Transaction Slips not accompanied by KYC Acknowledgement are liable to be rejected by the Mutual Fund. If you do not obtain a KYC Acknowledgement, you will not be able to invest Rs. 50,000 or more in a mutual fund.

* In case of existing investors when and how will the KYC norms be introduced?
KYC norms are applicable to all investors. It is in the interest of all Investors to obtain KYC Acknowledgement and submit it to the Mutual Fund to avoid any inconvenience in future.

* Once an account is opened with a Mutual Fund by 1st, 2nd & 3rd holder by completing the necessary formalities and the investor’s return to make a fresh investment, do they need to furnish the necessary documents again?
Investors must attach their KYC Acknowledgement along with the Investment Application Form(s) / Transaction Slip(s) while investing for the first time in a Mutual Fund.

* What are the consequences of KYC cancellation/rejection?
In the event of any KYC Application Form being found deficient for lack of information / insufficiency of mandatory documentation, further investments of Rs 50,000 or more will not be permitted.

* Does the KYC Acknowledgement have an expiry date?
No. Once the KYC Acknowledgement is obtained and informed to a Mutual Fund, it will be registered against the folio and quoted in all future account statements. The same will exist in perpetuity, unless cancelled by CVL.

* What happens if I have multiple folios/ accounts with a Mutual Fund?
You can inform the Mutual Fund to update the KYC Acknowledgement against all the folios/accounts you have with it. However, each of the holders in these folios/accounts should be KYC Compliant.

* Is there a charge I need to pay to get myself KYC Compliant?
Currently, KYC is done free of cost.

* I am an NRI residing outside India. How do I get myself KYC Compliant?
The soft copy of these KYC forms will be made available on the website of all mutual funds, AMFI and Central Depository Services (India) Limited (CDSL). You may also approach your distributor for a form. The same duly completed along with the necessary attested documents can be submitted at the PoS or mailed to your representative or Distributor who can complete the KYC formalities for you.

* Are there any special requirements for an NRI?
Yes. In addition to the certified true copy of the passport, certified true copy of the overseas address and permanent address will also be required. If any of the documents (including attestations/ certifications) towards proof of identity or address is in a foreign language, they have to be translated to English for submission. The documents can be attested, by the Consulate office or overseas branches of scheduled commercial banks registered in India.

* Is there any special requirement for a PIO (Person of Indian Origin)?
The requirements applicable to an NRI will also apply to a PIO. However, additionally, he will need to submit a certified true copy of the PIO Card.

* What about Minor becoming Major?
Upon a Minor attaining the age of majority (i.e. on completing 18 years of age), he/she must be KYC Compliant and have KYC Acknowledgement of their own. The same should be informed to the Mutual Fund where he/she holds an investment, along with other details such as the Bank Details, Signature, etc as per the present requirements of such Mutual Fund.

* Whom do I inform about change of Name/Address/Status/Signature etc?
You should intimate your change of Name/Address/Status/Signature etc to any convenient PoS. You need to quote your PAN and submit proof (in case of new address). You should provide for at least 10 days for the change of address to take effect with all the Mutual Funds with whom you are invested. Please note that you should not write to the Mutual Fund or its Registrar for the change of address (unless as a designated PoS). The specified form can be obtained from the AMFI/Mutual Fund/CDSL website. All details of the holders in the Mutual Fund records will be replaced by the address details available in the CVL record.

* If I am already providing my PAN/PAN Proof for my investment in Mutual Fund. Is that not sufficient for meeting the requirement of KYC?
The requirement of providing your PAN along with proof is sufficient for proof of identity. However, the current requirement for KYC requires the mutual fund to verify identity, address as well as obtain further information about the investor.

* Why do I need to give my Income details? How can I be sure that it will not be misused?
As per PMLA, it is mandatory for Mutual Funds to obtain financial status details from its investors. It is for this reason that the Income details are sought. Please note that no proof / income documents are required. The information given you in the KYC Application form will be treated in a confidential manner and used for regulatory purposes if called for.

* Do I need to inform about my change of Income status?
Yes. If you find an increased/decrease in your income, which would effectively, changed the income bracket that you have declared in the KYC Application form, you should apply to any convenient PoS in the specified form. No proof is needed.

* Can an investor give a COA (Change of Address) along with redemption request?
Redemption request is given to the investor service centre while the change of address (if KYC process has been previously completed) has to be given to a PoS. The change of address will be effected by CVL and informed to the Mutual Funds. As it will take 10 days for this process to be completed, the redemption transaction accompanied by a change of address request is likely to be processed without effecting the change of address request.

* Is the KYC Acknowledgement a separate form or is it a part of the Mutual Fund application. Which of the forms require being time-stamped?
KYC Acknowledgement is a separate form. Time stamping is not required on the KYC Acknowledgement.

* What do I do once I have received my KYC Acknowledgement?
Once the investor is KYC compliant, it will be required to intimate his KYC details to all the g Mutual Funds with whom it has investments by quoting the folio numbers. The same will be updated in the records of the Mutual Fund.

* What if I have already obtained a MIN?
Scenario 1
If the MIN was obtained by submitting the PAN, the MIN Acknowledgement can be enclosed along with the Investment Application Form(s) / Transaction Slip(s) while investing for the first time in a Mutual Fund, as the PAN number will be stated on the said acknowledgement.

Scenario 2
If the MIN was obtained without submitting the PAN but with other proof identity documents, the investor needs to carry the PAN card in original and a copy for submission at the PoS. For such cases, CVL will send out a communication to the respective investors requesting them to submit the PAN for KYC compliance.

KYC FORMS DOWNLOAD, know your customer, know your client, PMLA 2002.


Click on below link to download KYC forms for Individual and Non Individual.

KYC forms download (Individual)

KYC forms download (Non-Individual)

Related Posts Only (manually created not automatically generated)

AUM-FEB 2008.

Asset Under Management for all Mutual Fund houses.

Increase or decrease in corpus, sales & redemption figures.

 

 

Amount in Rs. Crores

Mutual Fund Name

No. of Schemes*

Asset Under Management

 

 

As on

Corpus

As on

Corpus

Net inc/dec in corpus

ABN AMRO Mutual Fund

318

Feb 29, 2008

6,813.54

Jan 31, 2008

8,529.84

-1716.301

AIG Global Investment Group Mutual Fund

52

Feb 29, 2008

3,303.49

Jan 31, 2008

2,943.29

360.198

Benchmark Mutual Fund

12

Feb 29, 2008

4,954.72

Jan 31, 2008

5,611.00

-656.276

Birla Mutual Fund

316

Feb 29, 2008

36,391.00

Jan 31, 2008

35,931.36

459.642

BOB Mutual Fund

22

Feb 29, 2008

79.69

Jan 31, 2008

88.77

-9.078

Canara Robeco Mutual Fund

52

Feb 29, 2008

3,146.58

Jan 31, 2008

2,863.13

283.447

DBS Chola Mutual Fund

80

Feb 29, 2008

2,953.32

Jan 31, 2008

3,015.74

-62.418

Deutsche Mutual Fund

176

Feb 29, 2008

14,404.85

Jan 31, 2008

13,388.71

1016.143

DSP Merrill Lynch Mutual Fund

199

Feb 29, 2008

19,940.40

Jan 31, 2008

19,136.00

804.396

Escorts Mutual Fund

26

Feb 29, 2008

146.93

Jan 31, 2008

175.80

-28.872

Fidelity Mutual Fund

39

Feb 29, 2008

9,487.17

Jan 31, 2008

9,509.16

-21.985

Franklin Templeton Investments

221

Feb 29, 2008

29,424.58

Jan 31, 2008

29,604.33

-179.756

HDFC Mutual Fund

339

Feb 29, 2008

46,291.97

Jan 31, 2008

43,762.70

2529.274

HSBC Mutual Fund

192

Feb 29, 2008

15,530.08

Jan 31, 2008

16,315.27

-785.191

ICICI Prudential Mutual Fund

395

Feb 29, 2008

62,008.95

Jan 31, 2008

64,045.08

-2036.125

ING Mutual Fund

250

Feb 29, 2008

9,844.71

Jan 31, 2008

9,538.27

306.439

JM Financial Mutual Fund

166

Feb 29, 2008

12,559.79

Jan 31, 2008

13,924.70

-1364.914

JPMorgan Mutual Fund

9

Feb 29, 2008

2,481.12

Jan 31, 2008

2,516.73

-35.609

Kotak Mahindra Mutual Fund

174

Feb 29, 2008

19,367.84

Jan 31, 2008

22,295.72

-2927.877

LIC Mutual Fund

108

Feb 29, 2008

15,103.00

Jan 31, 2008

13,387.40

1715.602

Lotus India Mutual Fund

210

Feb 29, 2008

9,763.88

Jan 31, 2008

10,057.10

-293.218

Morgan Stanley Mutual Fund

3

Feb 29, 2008

3,599.49

Jan 31, 2008

3,670.24

-70.748

PRINCIPAL Mutual Fund

151

Feb 29, 2008

13,318.69

Jan 31, 2008

14,234.90

-916.209

Quantum Mutual Fund

6

Feb 29, 2008

65.38

Jan 31, 2008

56.82

8.565

Reliance Mutual Fund

315

Feb 29, 2008

93,531.68

Jan 31, 2008

77,210.04

16321.638

Sahara Mutual Fund

43

Feb 29, 2008

211.36

Jan 31, 2008

220.04

-8.681

SBI Mutual Fund

165

Feb 29, 2008

29,492.97

Jan 31, 2008

27,581.54

1911.428

Standard Chartered Mutual Fund

245

Feb 29, 2008

13,762.97

Jan 31, 2008

13,118.13

644.848

Sundaram Mutual Fund

203

Feb 29, 2008

14,356.00

Jan 31, 2008

13,285.04

1070.96

Tata Mutual Fund

389

Feb 29, 2008

19,422.61

Jan 31, 2008

18,988.26

434.35

Taurus Mutual Fund

14

Feb 29, 2008

360.00

Jan 31, 2008

395.45

-35.45

UTI Mutual Fund

299

Feb 29, 2008

52,464.71

Jan 31, 2008

52,656.19

-191.479

 

*indicates currently in operation.

 

 

MUTUAL FUND DATA FOR THE MONTH ENDED – Feb 29, 2008

 

Amount in Rs. Crores

Category

No. of new schemes launched during the month

Sales

Redemption

Asset Under Management

 

 

New
schemes

Existing schemes

Total

Total

as on Feb 29, 2008

as on Jan 31, 2008

Inflow/ Outflow

B

Bank Sponsored

0

0

60838

60838

56209

84973

83190

1783

C

Institutions

1

215

22563

22778

20933

15628

13388

2240

D

Private Sector & Joint Venture :

Indian

14

10794

145550

156344

143097

172251

155283

16968

Predominantly Foreign

16

2894

65790

68684

73614

86894

87489

-595

Predominantly Indian

16

3162

125802

128964

128132

173118

176167

-3049

Grand Total (B+C+D)

47

17065

420543

437608

421985

532864

515517

17347

 

Dont be fooled by the Dividends that you get…

For a lot of investors, dividend income means a lot. This holds true for investors in mutual funds as well as stocks. Now, investing in stocks calls for a totally different skill set. With stocks, regular dividends (in combination with other key factors like revenue and profit growth, cash flows) do speak for the company’s solid fundamentals. The problem arises when investors apply the ‘dividend strategy’ while investing in mutual funds. To compound matters, fund houses understand this mindset well enough to make a big deal while declaring dividends so as to draw investors looking (only) for dividends.

To appreciate the point about dividends being a misleading indicator, it’s important to understand how mutual funds offer a return. Mutual funds give a return by way of appreciation in the net asset value. Being market-linked, its NAV fluctuates on a daily basis; when at any point its NAV is higher than the level at which it was bought the investor has made a profit (generated a return) on his mutual fund investment.

In reality, this is the only way in which mutual funds give a return i.e. NAV appreciation. How about the dividends, doesn’t that also count as a return? Not really, because the dividend can be declared only if there is an NAV appreciation.

Confused with all this? An illustration should do the trick for you. Observe what happens to the NAV of a mutual fund after it declares a dividend.

From one hand to another

Cum-dividend NAV (Rs)

15.0

Dividend (%)

20.0

Dividend (Rs)

2.0

Ex-dividend NAV (Rs)

13.0

Notice in the illustration that the cum-dividend NAV is Rs 15.0 (this is the NAV before the dividend declaration). The mutual fund declares a 20 per cent dividend. It is obvious from the illustration that the mutual fund does not declare this dividend from its own pocket; it is drawn from the NAV. So an investor who invests in the fund anticipating a dividend declaration should consider this point before hitting the invest button. After all the money for the dividend will only be deducted from his NAV; he will be richer by Rs 2 per unit (going by our illustration), and poorer by the same amount (since the ex-NAV will also fall by Rs 2). At the end of the day, the dividend-seeking investor has no doubt pocketed the dividend, only to see an erosion in his capital by a similar margin.

In our view, investing in a mutual fund for the sole purpose of pocketing easy money (by way of dividend) can be a recipe for a disaster. This is no way to invest in a mutual fund.

· How not to invest in a mutual fund

There are certain points about dividends that investors must appreciate before diving into a mutual fund for the dividend lure:

1) Dividends on mutual funds are not assured. Even if a dividend looks certain in the immediate future, there is no saying whether the mutual fund will be in a position to declare another one at the same frequency and for the same amount. As explained earlier, dividends are ultimately a result of performance, there can be a dividend only if the mutual fund has performed well enough.

2) Declaring a dividend by a mutual fund cannot always be interpreted as a healthy sign. It could mean that the fund manager just does not have enough investment opportunities and would rather return the money to investors. Or worse, the fund manager probably sold some of his best stocks to generate cash for the dividends. Either ways, the dividend spells bad news for investors. We are not saying this is the case all time, but investors must divorce mutual funds from stocks as far as dividends are concerned. With stocks a dividend could underline a strong balance sheet but it does not mean the same thing for a mutual fund.

3) When you withdraw money from a mutual fund investment by way of dividend, you lose out on the benefits of compounding. For compounding to work effectively, it’s important that you stay invested i.e. preserve your original investment and if possible add to it, but do not withdraw from it, unless it’s an emergency.

4) On hindsight, one scenario where pursuing a ‘dividend strategy’ could prove intelligent is during depressed market conditions. Investors who have collected dividends during a rally in stock markets will have something to show for during a prolonged depression, while investors who had relied only on capital appreciation will wish they had redeemed a portion of their investments during the rally. Mutual fund categories like thematic and sector funds that witness more cycles (than diversified equity funds) are apt candidates for the dividend option.

While dividends may be important for a category of investors, investing in mutual funds only for the dividends is perilous. It is more important that investors focus on the mutual fund’s performance, which is dictated mainly by the fund management processes and investment style of the mutual fund. A strong performance could lead to dividends in the future, but the opposite is not true.

JM Financial Tax Gain Fund

The JM Tax Gain Fund, an Equity-linked Saving Scheme (ELSS).

The Investor benefits in three ways

1) Enjoys tax benefits under Sec 80C of the Income Tax Act 1961. Investment made in the scheme will qualify for a

deduction from gross total Income upto Rs. 1 Lakh.

2) Allows his investment to benefit from the booming economy

3) All income from the scheme is tax free, be it dividends or capital gains on maturity

The Triple Benefit of JM Tax Gain Fund

Investment Objective:

The investment objective is to generate long-time capital growth from a diversified and actively managed portfolio of equity and equity related securities and to enable investors a deduction from total income, as permitted under the Income Tax Act, 1961 from time to time. However, there can be no assurance that the investment objective of the scheme will be achieved.

An Open ended Equity Linked Saving Scheme

Tax Saving – The Preferred Option

Investment Instrument ELSS Fund NSC PPF 5 Yr Bank Deposit

Tax Free Contribution Y Y Y Y

Tax Free Income Y N Y N

Tax Free on maturity Y Y Y Y

Annual returns 50.42%* 8.16% 8.00% 9.00%**

* Source: Mutual Funds of India. Five years average CAGR of ELSS funds as on 26th December, 2007. **FD rate of a PSU bank (Tax saving scheme). Equity investments are subject to market risks. ELSS scheme does not provide any assured income/returns. Tax details are as per prevailing tax laws. Please consult your tax advisor before investing.





CVL CONTACT DETAILS

Investors who wish to seek general information on Know Your Client (KYC) Compliance, may mail their queries/suggestions to: cvlhelpdesk@cdslindia.com
Western Region

Mumbai
Phiroze Jeejeebhoy Towers,
17th Floor, Dalal Street
Mumbai – 400 001
Phone :91-22-2721383, 91-22-32485170 (Direct lines),
Board : 91-22-22723333 Extn. 5861, 5862, 8686
Email : cvlhelpdesk@cdslindia.com

KYC for Mutual Funds.

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mutual fund kyc pos india and uae
kyc forms download
kyc forms individuals and non individuals
cvl contact details
kyc for mutual funds
pmla 2002 and mutual funds in india kyc compliance for mutual funds
kyc forms download know your customer know your client pmla 2002

Know-your-client (KYC) process – Query bank.

Updated on: December 20, 2007

Sr No Issue Response

1. After obtaining a KYC acknowledgment, will the KYC compliance be updated in the folios automatically? Will CVL inform the mutual funds for updation of KYC in the investor folios?

KYC Compliance will not get automatically updated in the folios in mutual

fund. The investors have to separately inform the fund/RTA about their KYC Registration along with KYC acknowledgements. Your KYC compliance status will be updated across all folios where your PAN number is registered and for any other folios you request.

2. How can an investor update his KYC compliance status in his folios?

Investors can update their KYC compliance status in their folios by:

a. Making a written request to update their KYC process to each fund

house attaching a copy of their acknowledgements.

b. enclosing KYC acknowledgement with additional purchase

KYC compliance status will be updated across all folios where your PAN

number is registered and for any other folios you request

Please be advised that all holders in a folio must be KYC compliant in

order to be able to invest Rs 50,000 or more in that folio.

3. Can investor provide KYC compliance

details with redemptions and switch

transactions

Investors are requested not to provide KYC compliance details with

redemption or switch transaction, as it is possible the same may not be

updated in the folio.

Investors are requested to make a written request as noted in question 2

above

4. In case of schemes investing in other MF

schemes (like ULIPs etc), who is to

complete the KYC process

Mutual Fund to complete KYC.

5. Clarification in a similar scenario for

Insurance companies which invest under

various scheme names

Insurance Company to complete KYC.

6. Clarification in case of Venture Funds which

invest under various scheme names.

Main Venture Fund to complete KYC.

7. FII clarification to Custodians. Proof of ID: SEBI registration for FII and letter of approval for the sub

account.

Proof of address: POA between Sub account/ FII and Sub custodian.

Sub Custodian Registration number.

List of authorised signatories duly attested.

The sub custodian can sign the KYC application form.

In addition, the Gross Income details requested for will be the Gross Net

Assets in India as of the last month end.

8. Address proof in respect of Army personnel,

who provide ’56 APO’ etc. as address for

correspondence

For Individuals with an Army Address (’56 APO’), Letter from Commanding

Officer / Photo copy of Army Id card duly attested can be accepted as proof of address.

9. What are the constitution documents required

in case of unregistered Partnerships, Trusts,

etc.

Alternate documents in case the Partnership is not registered.

In case of unregistered Partnership firm, following two documents to be

taken:

1. The Managing Partners’/Trustees’ name to be mentioned under

contact name in the MAF. Any officially valid document viz.

Passport copy, Driving license, PAN card, etc. of the person whose

name is stated under contact name to be obtained.

2. Copy of the bank statement which will have the name and the

address of the Partnership firm/Trust.

Both the above documents to be verified with the original or produced as

attested true copy.

10. Spouse/Child/Dependent of an NRI/PIO with

“NRI/PIO” who does not have a proof of

address

Can produce the proof of address of the sponsoring husband with

documents supporting the relationship such as marriage certificate/Visa,

etc

We have now extended this to all, not just NRI / PIO

In case you desire to register an address in India for communication you

must provide proof of address in your own name or that of an immediate

relative with an additional document evidencing the direct relationship with

such person i.e. Parent/Spouse/Child.

11. Attestation of corporate documents

Corporate documents can be self attested by Director/Company

Secretary. All other entities’ documents to be attested by a Notary, etc.

12. Identity document in case of an NRI should

necessarily be a Passport or does he have a

choice of giving any of the other docs

suggested Proof of Address – are

international DL, Electricity bill, Bank statement etc acceptable in case of

NRI/PIOs?

Passport copy and PAN are mandatory.

For attestation: The documents can be attested by a Consular Officer or

an authorized official of overseas branches of scheduled commercials

banks registered in India. Apart from this, if any of the documents

(including attestations / certifications) towards proof of identity or address

are in a foreign language, please have them translated into English and

submit them.

13. Can any document issued by the local

authorities (eg: foreign bank, utility bills,

international driving license) be acceptable as

address proof for NRIs?

Yes

14. Address proof for both Indian and overseas

address to be provided by an NRI – Do both of

them need to be in the NRI/PIOs name. (In

some cases the Indian address proof will

generally be in the relatives name as NRI

does not stay at the address).

Local address not mandatory. If given, the name has to match, or must be

of a relative as per qs 10 wth proof of relationship?.

15. In case of Merchant Navy NRIs, the overseas

address proof is not available. What is the

alternative documentation that can be taken?

Mariners’ declaration or Certified Copy of CDC (Continuous Discharge

Certificate) is to be produced.

16. Also what is the acceptable

notarization/attestation for the NRI/PIOs e.g.:

an embassy or a bank abroad.

For attestation: The documents can be attested by a Consular Officer or

an authorized official of overseas branches of scheduled commercials

banks registered in India. Apart from this, if any of the documents

(including attestations / certifications) towards proof of identity or address

are in a foreign language, please have them translated into English and

submit them

17. Additionally, which pages on MOA and AOA

need to be attested? is each page to be

attested? same for partnership deed etc.-

The page giving details of the registration of the entity has to be attested.

In case of Partnership deed, the first page (which will bear the stamp and

the registration details) and the last page (which will have the signatures)

have to be attested.

18. Document evidencing authority to invest” in

partnership firm – will a letter signed by all

partners authorizing one or more partners to

invest on the firm’s behalf do?

Yes

19. What about proprietorship firm documents? Individual.

Which application form to be filled hereindividual

or non-individual

20. Is there a standard format for deed of

declaration for HUF or any format stating HUF

members and co-parcenors will suffice

Alternate documents to be obtained for HUF in case of non availability of

deed of declaration:

HUF Pan Card

Karta’s name to be written under the contact name in the non-individual

MAF.

Any officially valid document of the Karta whose name is mentioned in the

MAF under contact name.

Bank Pass book with the name and address of the HUF.

21. All docs for non-individuals need to be on a

letterhead or a letter format with

firm/company stamp suffice

Any one

22. PAN is mandatory for all investors. What

does one do for a person where PAN is not

available?

Cannot complete KYC or invest in Mutual Funds. If the PAN number is

available and the PAN card is lost, investor to attach a copy of the

acknowledgement for request of duplicate PAN card.

23. If client does not possess the KYC

acknowledgement, can a query be done

online for enquiries and a screen print of the

same be attached for investment?

Please call the CVL Helpdesk at : 022 3246 2767/2559, 022 272

1261/2008 for assistance

24. Will CVL intimate client independently of the

KYC Compliance status – e.g. via a separate

letter?

No. In the event of any KYC Application Form being found deficient for

lack of information / insufficiency of mandatory documentation, CVL will

write to the investor stating that the KYC process is incomplete for want of

information/document.

25. Is a proof of entity required for a sole

proprietorships

Which application to be used for

proprietorship firm – Individual or non

individual? Can a Proprietor use his own

individual KYC for his firm’s investment like

PAN?

No. In case of sole proprietors, sole proprietor must be KYC compliant in

his individual name & capacity.

Proprietorship firm is under the Individual Category and the applicant has

to give his/her own PAN. Investment application may be in the name of

the firm – the details on how to apply would have to be obtained from

AMC. But the PAN of the sole proprietor in the capacity of an Individual

would have to be used for such investment

26. Will something like a attested college identity

card suffice

NO

27. Is a Proof of Address required for non

individuals

For HUF, Bank pass book copy will be the address proof. For others,

Constitution document will suffice

28. Can the same document double up as ID and

address proof e.g. driving license?

Not relevant now as PAN can be the only proof of identity. However, for

non-photo PAN Card, investors could give an alternative photo identity like

a Passport, Driving license, Voters’ identity card.

29. KYC application with Thumb Impressions

POS would accept applications carrying thumb impression in lieu of

signature provided the signature is attested by a Notary or a Gazetted

officer.

30. Application under discretionary Portfolio

Management Services which operates

through Pool account. Should the entity

complete KYC as POA?

No. Entity is investing in its legal capacity and should be KYC compliant

and quote PAN as an investor. For an AMC running PMS business, they

will quote the entity’s PAN for their own investment and investment done

for PMS clients thru Pool account.

31. Will Channel Distributors need to quote their

PANs as POA.

No. We need to record offline that KYC of channel partners done through

agreements, etc.

32. What would be the address proof for

residents of countries like UAE where the

addresses are P.O. Box addresses or C/O

addresses? Are these accepted in the first

PO box address is acceptable provided the proof is given in the form of

bank statements, etc.

place? In UAE, the PO Box is a genuine issue.

33. Can US residents apply for KYC completion? US based NRIs/PIOs can apply, but investments into funds will be subject

to fund houses’ internal guidelines.

34. In case the client provides the PAN no., but

doesn’t have a PAN card, can the allotment

letter of PAN be accepted in place of the

photocopy of the PAN?

Only copy of PAN card will be accepted as proof of identity. In case the

PAN card is lost or misplaced, investor to produce a copy of the

acknowledgement of the request to IT department for issuance of a

duplicate PAN card.

35. As per the operating guidelines, the present

address in the KYC Application Form would

be the correspondence address. The

guidelines clearly state that the permanent

address for NRI/POI has to be the overseas

address. However, for PIO it is explicitly

stated that the present address has to be the

overseas address.

Does that mean that for PIOs, no

communication can be made to the local

address, even if it is supported with a valid

Address proof ?

While the space for providing overseas address is the same as permanent

address, it does not mean that the applicant cannot give an overseas in

the space provided for Correspondence address.

For registering a local communication address, the NRI/PIO has to give a

proof of address of self or a immediate relative with an additional

document evidencing the direct relationship i.e Parent/Spouse/Child.

May need to be modified now that we are treating PIO / NRI on par?

37. Can an OCI (Overseas Citizen of India) card

be taken instead of PIO?

Yes. Either an OCI card or a PIO card will be required.

Can be deleted?

38. In case of Partnership firm, Trusts Any

officially valid document in respect of holding

a power of attorney to transact (ASL and

resolution / authority to invest) is mandatory.

Please confirm who all need to sign on the

document. Do all partners need to sign?

A letter listing the authorized people to transact signed by all

partners/trustees would suffice.

39. Would a bank certificate (with a photo of the Yes

investor) be a valid identity proof?

40. Board resolution that is required is the

resolution to invest or a specific resolution

to apply for a KYC

Resolution to invest

41. Investors who are required to travel

frequently and stay away in foreign countries

by nature of their profession and therefore

becoming NRI but they do not have any

permanent address for their stay abroad as

they normally stay in hotel. However, they

have residential address in India. Clarification

is therefore requested as to which documents

they should attach as a evidence of address,

particularly in case of Cricketers who are

traveling abroad.

An NRI client is staying in an accommodation

provided by the company he is working for

and so he has no overseas address proof in

his name which can be provided along with

the KYC. Can you please confirm what can be

done in this scenario?

Our earlier FAQ has this answer: Investor’s who travel frequently by

nature of their profession and stay away in foreign countries in company’s

accommodation or hotels (who become NRI and do not have a permanent

address) but have a residential address in India, may provide such Indian

address with proof. In addition, please also provide a letter of confirmation

from your employer / business on company letterhead as an additional

proof of address.

42.

In case of investments through POA or

through channel distributors, there is a

requirement that all communications should

go to the address of the POA or the channel

distributor. If the address of the POA/Channel

Distributor has to be given in the KYC form,

what is the proof to be submitted.

This is not relevant as Mutual Funds are now required to obtain and verify

the address of their investors. MFs are writing to such distributors to

provide the address of the investors.

43. Whether a rent agreement can be accepted as

an overseas address proof

Yes

44. Documents accepted as address proof in

regional languages need to be translated.

Yes. Ration card accepted as valid proof. We expect the local POS to do

the translation of documents and state the same along side the “verified”

Does the translation need to be attested? If

yes, Who all can attest the translated

document? eg: Ration card accepted as

address proof

stamp. In case of foreign languages, these need to be translated into

English.

45. Can a power of attorney sign the KYC

applications (individual), also what are the

requirements in terms of documentation

(client & POA)?

POA submitting application on behalf of

investor and submitting POI & POA of self.

No. KYC Application form must be separately applied by the investor and

his POA. POA’s PAN / KYC acknowledgement also to be quoted on the

Mutual Fund transaction form, if applied through a POA.

46. Is there a particular stamp format, for

attestation?

Name, Designation, Bank branch, Employee no. State “Verified with

Original”

47. Do originals require attestation? if yes, is self

attestation also required on those ?

All documents must be submitted in original along with a self-attested

copy. The original will be returned across the counter after verification.

Alternatively, investors may submit notarized copies of the requisite

documents. On submission of the KYC form and documents to CVL,

investors will receive an acknowledgement across the counter, a copy of

which must be submitted to us as proof of having completed the

formalities related to PAN verification and KYC

48. Is the address proof (where the address is in

the name of an immediate relative) along with

the relationship proof valid for all NRI

customers or only UAE residents? –

This is valid for all clients, resident and non-resident

49. Is this address proof along with relationship

proof applicable for local addresses as well.

For e.g. For a recently married woman, who

does not have a Bank A/c ( not even in her

maiden name ) , relocated to a different

location, not having a Voter ID Card with

updated address , not having a driving

license what is the way out to complete the

KYC process? Her every document is in her

husband’s name and can provide a Marriage

Certificate for your information

Yes. A Woman, as in this example, should give marriage certificate as the

proof of relation along with the address proof of her husband.

50. Alternate PIO proof / OCI card (if PIO card /

OCI card is not available).

Proof of Indian Origin:

􀂃 Copy of foreign passport with place of birth as India OR

􀂃 Indian passport copy of Self / Parents/ Grandparents(with proof of

relationship) OR

Documents issued by a Government authority specifying place of birth as

India.

Can be deleted since we are treating NRI / PIO / OCI all as Non

Residents?

51. US citizen who holds an Overseas Citizen of

India card but does not have US or overseas

address and cannot furnish any proof. Apart

from this he has stated Nationality as US and

status as Resident Indian and PIO. At present

he has furnished following as proof of

identity and Proof of address.

1) Pan card copy 2) Photocopy of

Telephone bill

Should we show him as an Indian Citizen i.e.

Nationality and status as Resident Individual

only as he has being investing from local

savings bank+Pan Card copy +has provided

us with local address proof. OR

Should we take him as USA citizen with PIO

or Overseas Citizen Indian attested copy with

only correspondence address i.e. only

section B1.

He should be categorized as a Foreign Citizen and Resident Indian.

Therefore, he has to submit his proof of ID (PAN card) and a proof for

local correspondence address. His passport copy, citizenship card / social

security card will have his foreign address which can be captured as a

permanent address.

(Not sure when and how this scenario would arise..)

52. In case of investment from executor to the

estate of a person whose settlement is

pending in Court, please confirm whether the

executor has to fill a individual or nonindividual

form.

Individual Form

(Should this not depend on who the executor is…?)

53. Is there a requirement for the custodian to

complete KYC formalities. Can the custodian

sign the KYC application form on behalf of

FII/sub-account (without completing KYC) for

itself as a custodian)

Custodian can sign on behalf of the FII and sub accounts. No need to

complete KYC for the custodian for this purpose.

I would propose that the FII should also complete KYC as even authorized

signatories need to be KYC compliant…

54. For a PIO or NRI, foreign address is

mandatory. However, Indian Address is not

mandatory. I.e. both the correspondence and

permanent address can be overseas – they

may be same or different.

Yes.

55. in some cases the bank managers refuse to

give employee code (SBI Versova), such

attestations were also rejected

In case of Banker attestation with round seal

and with out name seal and emp.code no.

No need for the bank manager to put his employee code. Stamp of the

bank, Name, Designation and signature is mandatory.

(Wouldn’t it be better to change the operating instructions and point 46

rather than having this as an exception?)

56. If a person is submitting both PAN card and

Passport and ticking both in the photo

identity proof column it is being rejected

since 2 places have been ticked.

As long as the POI is from the admissible list, the POS should accept the

form. In cases where the Applicant has ticked multiple items, the POS

should be instructed to enter any one from these and scan the relevant

document.

Should be deleted since PAN is the only acceptable POI?

57. Attestations by SEO, Police Inspector,

Cosmos Bank (Scheduled) Manager were

rejected. –

Attestation only by a Notary/Judicial Authority or a Bank Manager of a

Scheduled Commercial Bank (excluding Gramin and Cooperative banks)

acceptable.

58. In POI names are like Prasantbhai Rajeev

Thakkar and in the application it is mentioned

Prasant Rajeev Thakkar – Have asked to

accept this variation in name

Minor variations acceptable, provided some other information like the

name ( should this not be DOB / PAN or something else) or the signature

matches.

59. PANCARD taken on minor name which is

having guardian signature and submitted for

POI and the investor is major as per the KYC

application.

Not acceptable.

60. Permanent address if blank in case of

Individual. ?

Accept and leave the Permanent Address blank. It would also mean that

NRIs may only give their overseas address.

61. If the applicant submits PoI and PoA with the

attestation of any Gazetted officer/ Notary,

can we accept without self attestation ?

Attested copy is to be given in original and hence, it is similar to the

original document. It does not need self-attestation by the applicant

62. For non individuals – what are the documents

to be submitted as address proof? Can we

accept the application without POA?

For non-individual applicant, mandatory documents for each category are

specified. Hence, no additional POA is required for non-individual

applicant except in the case of HUF not having a Deed of declaration???

63. Which application to be used for

proprietorship firm – Individual or non

individual ? Can a Proprietor use his own

individual KYC for his firm’s investment like

PAN ?

Proprietorship firm is under the Individual Category and the applicant has

to give his/her own PAN. Investment application may be in the name of

the firm – the details on how to apply would have to be obtained from

AMC. But the KYC done in the capacity of Individual would have to be

used for such investment

64. POS have reported cases where applicant

brings original Demat A/C statement or Bank

statement as POA (and leaves the same with

the POS for storing by CVL). There are two

categories in these.

1. The statement is stamped and signed

by the issuer. – In such cases, the POS should

accept the same as valid POA since the

authenticity is established by the stamp &

signature. – However there are no means of

checking the authenticity of the stamp &

signature.

2. In second case, the documents do not

bear any signature or stamp from issuer. In

some cases it has a remark like “This is a

computer generated statement and does not

need signature”. Can the POS accept such

documents as POA and take them on record?

I am personally not comfortable with this

since in principle, anyone with access to a

computer can print such a statement.

If the statements are on the letterhead of the Bank/DP, the same can be

accepted. Even a copy of the same can be accepted after verifying with

the original.

If not on entity letterhead, the same needs to have the seal of the bank

and signature.

Cannot accept statements printed on plain stationery without the bank

seal and signature.

(appears to be a repeat)

65 What is Money Laundering?

Money laundering broadly means the conversion or “Laundering” of

money that is illegally obtained, so as to make it appear to originate from a

legitimate source.

It was originally used in the context of terrorist, criminal, smuggling and

drug-dealing activities. In a wider context, tax-evaded money is also

covered.

66 What is the Prevention of Money Laundering

Act (PMLA)?

As part of a global initiative, a Financial Action Task Force (“FATF”) was

created to help member countries draw up Anti-Money Laundering

(“AML”) legislation which would help implement the policies, techniques

and counter-measures to combat money laundering.

In India, The Prevention of Money Laundering Act, 2002 (“PMLA”) was

created under the aegis of FATF.The PMLA forms the core of the legal

framework put in place by India to combat money laundering to be

followed by banking companies, financial institutions and intermediaries by

administering KYC and other reporting requirements such as suspicious

transactions reporting, etc

67 What is FIU?

The Government of India set up Financial Intelligence Unit – India (FIUIND)

on18th November 2004 as an independent body to report directly to

the Economic Intelligence Council (EIC) headed by the Finance Minister.

FIU-IND has been established as the central national agency responsible

for receiving, processing, analyzing and disseminating information relating

to suspect financial transactions. FIU-IND is also responsible for

coordinating and strengthening efforts of national and international

intelligence and enforcement agencies in pursuing the global efforts

against money laundering and related crimes

68 Are Mutual Fund Investors also covered by

PMLA?

Yes, the PMLA covers all Financial Intermediaries, and this includes

Mutual Funds. As such, all investors are required to submit necessary

documentation that will help the Mutual funds complete the KYC

procedure.

69 What is KYC?

KYC is an acronym for “Know your Customer”, a term commonly used for

Customer Identification Process. SEBI has prescribed certain

requirements relating to KYC norms for Financial Institutions and Financial

Intermediaries including Mutual Funds to ‘know’ their customers. This

could be in the form of verification of PAN Number, identity and address,

financial status, occupation and such other personal information.

70 What are the KYC requirements for a Mutual

Fund Investor?

An Individual investor will have to produce copy of his PAN card as proofof-

identity and a separate document as proof-of-address. Non-Individual

Investors will have to produce certain documents pertaining to their

constitution / registration to fulfill the KYC process. A list of documents can

be found on the reverse of the KYC application form

71 Why am I asked to prove my identity, if I have

done no wrong?

As has been discovered in some recent terrorist acts such as the 9/11

bombings in New York or the attack on our Parliament in Delhi, white

collared crime has arrived. Seemingly innocent people have been

involved. It is also observed that had the checks, as now proposed by the

PMLA, been in place, the detection or even pre-emption of the crime could

have been possible. In this context, you will appreciate that providing your

identity / address proof and information about your occupation and

financial status will only help the Government in isolating the few who are

involved in money laundering.

72 All this seems quite scary. Do I need to take

any precautions?

Yes. You should be prudent in your money matters, just as you are in

following some rules such as – say – not carrying unknown articles from

unknown persons when you are traveling across cities. You should not

receive or pay money on behalf of others, unless it is for a genuine

transaction in which you have participated. You should also take care that

you only deal with known individuals or companies which are registered

with or regulated by SEBI, RBI, etc for all financial transactions. Please

also ensure that you fill out forms completely and strike out any portions

which you do not use or need.

73 How do I submit PAN and complete the KYC

formalities?

The process for submission of PAN and completion of KYC formalities

at CVL / Franklin Templeton Investor Service Centres is as follows:

Investors will need to submit a completed KYC application form

affixing a copy of their recent passport-size photograph along with the

following documents at any designated ‘Point of Service’ Centres of

CVL (CDSL Ventures Ltd) or any of the Franklin Templeton Investor

Service Centres.

Documents required

PAN Card (which will also serve as a proof of identity) and

Proof of Address

We have tied up with M/s CDSL Ventures Limited (CVL) to accept

applications for PAN verification and KYC on our behalf. A list of CVL

‘Point of Service’ Centres and our Investor Service Centres is available at

http://www.franklintempletonindia.com under the ‘Contact Us’ section.

All documents must be submitted in original along with a self-attested

copy. The original will be returned across the counter after verification.

Alternatively, investors may submit notarized copies of the requisite

documents. On submission of the KYC form and documents to CVL,

investors will receive an acknowledgement across the counter, a copy of

which must be submitted to us as proof of having completed the

formalities related to PAN verification and KYC.

a) CVL will not separately accept PAN verification documents or KYC

documents. Both procedures must be completed together.

b) CVL will not accept a Distributor-attested copy of the PAN card.

However, the same would be accepted at Franklin Templeton Investor

Service Centres.

For instructions on how to fill the form the please refer to the reverse of

the KYC application form.

74 Does the investor have to approach every

Mutual Fund separately to fulfill these

requirements?

This is not required. For your convenience, we have up with M/s CDSL

Ventures Limited (CVL) to accept applications for PAN verification and

KYC on our behalf, as have a majority of Mutual Funds in India. By

approaching CVL for this process, you only need to complete these

formalities once

The acknowledgement issued by CVL can be submitted by investors to

any mutual fund as proof of PAN verification and KYC compliance.

A list of CVL ‘Point of Service’ Centers and our Investor Service Centres is

available at http://www.franklintempletonindia.com under the ‘Contact Us’

section.

75 Is it necessary to submit the KYC application

and documents / provide acknowledgement

for every transaction?

This is not required. You need to complete these formalities only once by

submitting a copy of the KYC acknowledgement to us. Please ensure to

provide us with a complete list of folio numbers where you are a Holder,

Guardian or Power of Attorney Holder to enable us to verify and update

our records.

76 What happens if I have multiple You can inform the Mutual Fund to register your PAN & KYC compliance

folios/accounts with a Mutual Fund?

against all the folios/accounts where you are a unit holder. However, each

of the holders/guardian/POA in these folios should register their KYC

compliance by submitting a copy of their KYC acknowledgement.

77 How long does it take to get the KYC

formalities completed?

When the KYC application and documents are submitted at the

designated Points of Service, after preliminary verification of documents,

the KYC acknowledgement will be issued across the counter. The

acknowledgement is valid 10 working days from the date of issue.

However, based on final verification of the documents, the same may be

cancelled / rejected in case of deficiency of documents or incomplete

information observed in the final verification. A separate communication

intimating you about the cancellation / rejection of acknowledgement will

be sent by CVL if your application cannot be processed for any reason. If

you do not receive any communication from CVL 10 working days after

you have submitted your documents, you may use the acknowledgement

to register your PAN and KYC status with Mutual Funds.

78 To whom is KYC applicable? Is there any

exemption?

KYC is applicable to all unit holders (including NRI’s), guardians and any

Power of Attorney Holders. There is no exception to the rule. KYC is not

required for Minor applicants and in such cases Guardian need to be KYC

Compliant

79 I do not have a PAN card. Can I get a KYC

acknowledgement without submitting the

PAN card?

No. Submission of copy of PAN card is mandatory while submitting the

KYC application.

80 I already have a KYC number. Do I need to get

a fresh KYC acknowledgement? What will

happen to the number?

If you have a KYC number where you have provided your PAN number

with proof, then you need not approach CVL for a fresh KYC

acknowledgement. Please submit the same to Franklin Templeton. If you

have not submitted your PAN with proof at the time of applying for KYC,

please approach any POS with your existing acknowledgement and

submit your PAN card with Proof to any of the POS. You will receive a

fresh acknowledgement which you can then use for submission to Mutual

Funds. Only acknowledgements from CVL where PAN is quoted will be

accepted for KYC compliance.

81 I have given a Change of Address to CVL.

How long will it take to reflect in my FT

mutual fund?

It will generally take 10 working days for your address to be updated in our

records.

82 I have lost/misplaced my KYC

acknowledgement. What do I do?

If you have misplaced your KYC acknowledgement, please contact CVL’s

Helpdesk on 022-3246 2767/2559 or 022-2272 1261/2008 who will advice

you further.

83 What are the consequences of KYC

acknowledgement cancellation/rejection?

Folio locked, no further investments permitted under that PAN till the KYC

process is completed

85 Is KYC compliance required for a minor

attaining majority?

Upon a minor attaining the age of majority (on completion of 18 years of

age), he/she must complete the KYC process in his/her own name. The

acknowledgement received should be registered with the mutual funds

where he/she holds investments, along with other Bank Details, Signature,

etc as per the requirements of the Mutual Fund.

86 Does the KYC acknowledgement have an

expiry date?

Generally, the KYC process once completed does not have an expiry

date. However, a KYC acknowledgement can be cancelled in certain

circumstances (e.g. if you do not register your acknowledgement with

Mutual Funds for a long period of time). You will be intimated of any such

changes or cancellations by CVL.

However, Mutual Funds reserve the right to request additional information

and documents or perform additional verification as a part of ongoing KYC

compliance.

87 I have printed my Bank Statement online

which contains my address. Can I use it as a

valid Proof of Address?

Bank/DP statements provided as proof of address must be on the

letterhead of the Bank/DP. If not, they should carry the stamp of the bank

and signature of an authorised person. We regret we cannot accept

statements printed on plain stationery without the bank stamp and

signature.

88 My Passport is expiring this month. Will it

cause any problem in getting a KYC

acknowledgement?

When documents such as Passports, Driving Licenses, etc carrying an

expiry date are submitted as proof of address, the document must be

current on the date of submission.

89 I haven’t received my latest Bank Statement.

Can I use my last statement which was sent

out 3 months before?

Electricity /Telephone bill, Bank passbook, Bank statement, demat

account statement submitted as proof of address should not be more than

3 months old as on the date of submission

90 How will I know that the KYC compliance is

registered in my Mutual fund?

KYC compliance for an investor in the folio will reflect in the account

statement stub portion as “KYC Registered”.

91 Do I have to visit a POS personally to obtain

an acknowledgement?

No. If you are not in a position to visit a POS personally, you may send the

form duly filled in along with the necessary documents through your

distributor or representative, who can arrange to obtain the

acknowledgement for you from a POS

92 Is there a charge I need to pay to obtain the

acknowledgement?

Currently, KYC acknowledgements are issued free of cost.

93 If all members in my family invest, can I get a

single KYC acknowledgement?

No. Each individual investor must apply separately for completion of PAN

verification and KYC. This however does not apply to minors, where the

Guardian must have completed these formalities on behalf of the minor.

94 I invest in my minor child’s name? Do I need

to get a KYC acknowledgement for my minor

child as well?

KYC compliance is not mandatory for minors. The guardian must be KYC

compliant.

95 Whom do I inform about change of

Name/Address/Status/Signature etc?

All the above requests must be made via CVL for investors who have

completed their KYC process. A KYC modification form is available with

the POS. You can make a request for change of address / correction of

name / change of status / signature update etc in the form and submit the

same. You need to enclose a copy of your previous KYC

acknowledgement and provide necessary address proof in case of a

request for change in address. You should provide for at least 7 days for

these changes to take effect with all the Mutual Funds with whom you are

invested. Please note that you should not write to the Mutual Fund or its

Registrar for the change of address (unless as a designated POS). The

specified form can be obtained form the AMFI or Mutual Fund website.

96 In case of transmission (in case of death of

the unit holder) cases what are the extra

documents required to be obtained?

If the deceased is the sole applicant, the claimant should produce his/her

KYC acknowledgement along with the other relevant documents to effect

the transmission in his/her favor

97 My income status has now changed form

what I have provided earlier in the KYC

application form. Do I need to request for the

change to reflect in my details submitted?

How do I request for the change

Yes a change in income status must be intimated if such change results in

a change in the income bracket you declared in the application form.

Please apply to any POS in the specified form. No proof is needed for

such change.

98 What if the address in an investors existing

folio is different from what he/she has

registered at the time of KYC?

When investors produce the KYC acknowledgement for an existing folio,

all address details of the holder and the signature will be replaced with the

details as registered in the records of CVL


99 For signature difference in investor request,

Mutual Funds generally ask for a banker’s

attestation. Since a signature is now available

with identity proof, will you still insist on

banker attestation for signature difference?

Signature verification is an important safeguard to ensure the security of

your investments with us. As such, Mutual Funds may conduct extra duediligence

in cases where signatures do not match, including procedures

such as requesting Bank attestation for such transactions. This could be

independent of the KYC procedure.

100 Why do I need to give my Income details?

How can I be sure that it will not be misused?

As per PMLA, it is mandatory for Mutual Funds to obtain financial status details from their investors. The information given by you in the KYC. It may be reported to the FIU, if required by law.

DSP Merrill Lynch Natural Resources and New Energy Fund

Risk Profile of the Scheme: Mutual Fund investments are subject to market risks. Please read the Offer Document carefully for details on risk factors before investment.

Investment Objective The primary investment objective of the Scheme is to seek to generate capital appreciation and provide long term growth opportunities by

investing in equity and equity related securities of companies domiciled in India whose predominant economic activity is in the:-

(a) discovery, development, production, or distribution of natural resources, viz., energy, mining etc; (b) alternative energy and energy

technology sectors, with emphasis given to renewable energy, automotive and on-site power generation, energy storage and enabling energy

technologies.

The Scheme will also invest a certain portion of its corpus in the equity and equity related securities of companies domiciled overseas, which are

principally engaged in the discovery, development, production or distribution of natural resources and alternative energy and/or the units/shares

of Merrill Lynch International Investment Funds – New Energy Fund, Merrill Lynch International Investment Funds – World Energy Fund and

similar other overseas mutual fund schemes. The secondary objective is to generate consistent returns by investing in debt and money market

securities.

Asset Allocation Pattern of the Scheme

Plans and Options

Minimum Application

Amount / Number

of Units

l Systematic Investment Plan (SIP) Rs. 1,000/-. Monthly and Quarterly options (Available only in the Regular Plan and during Continuous Offer)

l Systematic Withdrawal Plan (SWP) Rs. 2,000/-. Weekly, Monthly and Quarterly options (Available only in the Regular Plan and during Continuous Offer)

l Systematic Transfer Plan (STP) Rs. 2,000/-. Weekly, Monthly and Quarterly options (Available only in the Regular Plan and during Continuous Offer)

Benchmark Index 35% BSE Oil & Gas, 30% BSE Metals, 35% MSCI World Energy (net and expressed in INR)

Dividend Policy The Trustee intends to declare annual dividend comprising substantially of net income and net capital gains. The Trustee, in its sole discretion,

may also declare interim dividends. It should be noted that actual distribution of dividends and the frequency of distribution indicated above are

provisional and will be entirely at the discretion of the Trustee.

Name of the Fund Managers Anup Maheshwari – Fund Manager who will manage the investments of the Scheme in equity and equity related securities of companies domiciled in India.

Dhawal Dalal – Fund Manager who will manage the investments of the Scheme in Indian debt and money market securities.

Aditya Merchant – Dedicated Fund Manager who will manage the overseas investments of the Scheme.

l Growth Option l Dividend Option

– Payout Dividend

– Reinvest Dividend

Plans: l Regular Plan

l Institutional Plan

Options:

l Regular Plan

l Institutional Plan

Types of Instruments Normal Allocation (% of Net Assets)

Minimum Maximum

1. Equity and Equity related Securities of companies domiciled in India, and principally engaged

in the discovery, development, production or distribution of Natural Resources and Alternative

Energy

65% 100%

2. (a) Equity and Equity related Securities of companies domiciled overseas, and principally engaged

in the discovery, development, production or distribution of Natural Resources and Alternative

Energy (b) Units/Shares of (i) Merrill Lynch International Investment Funds – New Energy Fund (ii)

Merrill Lynch International Investment Funds – World Energy Fund and (iii) Similar other overseas

mutual fund schemes

0% 35%

3. Debt and Money Market Securities 0% 20%

Entry Load@ (As a % of Rs. 10/- during NFO/Applicable

NAV during Continuous Offer)

Exit Load (As a % of Applicable NAV)

Regular Plan

2.25% : For investments

Nil : For investments >= Rs.5 crore

Institutional Plan

Nil

Regular Plan

Holding period ~

Holding period >= 6 months but ~

Holding period >= 12 months: Nil

Institutional Plan

Nil

1.00% Not Applicable Holding period

Holding period >= 2 years: Nil

Not Applicable

~ Not applicable on switch-out into DSPML World Gold Fund and any open ended equity oriented scheme/plan (other than DSPML Balanced Fund)

of the Fund, which is available for investment at the time of switch-out.

@ No entry load on direct applications, i.e. applications not routed through an agent/distributor.

No Entry Load / Exit Load will be charged on investments (including SIP transactions) by Fund of Funds Schemes.

– SIP Investments

(Applicable only in the Regular Plan

and during Continuous Offer)

Expenses of the Scheme

l Load structure

l Purchase l Additional Purchase l Repurchase

Rs. 5,000/- and multiples of Re. 1/- thereafter Rs. 1,000/- and multiples of Re. 1/- thereafter Rs. 500/-

Rs. 5 crore and multiples of Re. 1/- thereafter Rs. 5 lakh and multiples of Re. 1/- thereafter Rs. 500/-

Reliance Equity Linked Saving Fund – Series I


Investment Objective
The primary objective of the scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equities along with income tax benefit.

Asset Allocation
Under normal circumstances, the asset allocation under the Scheme will be as follows:

Type of Security % of Corpus (indicative) Risk Profile
Equities 80 – 100 % High
Debt and Money Market Instruments Up to 20 % Low to Medium
The scheme may invest in equity shares in foreign companies, ADRs / GDRs and instruments convertible into equity shares of domestic or foreign companies and in derivatives as may be permissible under the guidelines issued by SEBI and RBI. As the scheme is governed by ELSS guidelines, such investment will be made, if the ELSS guidelines permit.

The fund managers will follow an active investment strategy taking defensive / aggressive postures depending on opportunities available at various points of time. Subject to Regulations, the asset allocation pattern indicated above may change from time to time, keeping in view market conditions, opportunities and political & economic factors.
It must be clearly understood that the percentages stated above are only indicative and not absolute and that they can vary substantially depending upon the perception of the AMC, the intention being at all times to seek to protect the interests of the Unitholders. Such changes in the investment pattern will be for short term and defensive considerations. However, such changes at all times will comply with ELSS notifications. The asset allocation pattern will be in line with the rules and guidelines of ELSS notifications also.

Investment Pattern
Consistent with the objective of the Scheme and subject to Regulations, the corpus of the Scheme will be invested in any of the following securities.

  • The funds collected under a plan shall be invested in equities, cumulative convertible preference shares and fully convertible debentures and bonds of companies. Investment may also be made in partly convertible issues of debentures and bonds including those issued on rights basis subject to the condition that, as far as possible, the non-convertible portion of the debentures so acquired or subscribed, shall be disinvested within a period of twelve months.
  • It shall be ensured that funds of a plan shall remain invested to the extent of at least eighty per cent in securities specified in clause (a). The scheme shall strive to invest its funds in the manner stated above within a period of six months from the date of closure of the plan in every year. In exceptional circumstances, this requi