Name of Scheme: SBI Tax Advantage Fund – Series - II. Type of Scheme: A 10 year close ended Equity Linked Savings Scheme. Investment Objective: The investment objective of the scheme is to generate capital appreciation over a period of ten years by investing predominantly in equity and equity-related instruments of companies across large, mid and small market capitalization, along with income tax benefit. Asset Allocation: Equity and Equity related instruments – 80% to 100%, Debt and Money Market Instrument – 0% - 20%. The Scheme shall not invest in Derivatives & Securitized debt. Minimum Investment size: Rs. 500/- and in multiples of Rs. 500/- Options: Growth and Dividend (Payout). Load Structure: Entry Load: Not Applicable Exit Load: Nil Terms of Issue: Units would be offered for subscription during the New Fund Offer only The Scheme will offer redemption /Switch out on every business day at NAV based prices after the lock – in period of three years from the date of allotment. NAV of the Scheme shall be computed and declared on every business day. In line with the requirements of ELSS guidelines, the Mutual Fund shall announce repurchase price one year after the date of allotment of the units and thereafter on a half-yearly basis. After a period of three years from the date of allotment of units, when the repurchase of units is to commence, Repurchase price will be declared on every business day. Tax Treatment: Investment made in the scheme will qualify for a deduction from Gross Total Income up to Rs.100,000/- for individual/ HUF Risk Factors: Mutual Funds and Securities Investments are subject to market risks and there is no assurance or guarantee that the objective of scheme will be achieved. As with any other investment in securities, the NAV of the Units issued under the scheme can go up or down depending on the factors and forces affecting the securities market. Past performance of the Sponsor/AMC/Mutual Fund/Scheme(s) and their affiliates do not indicate the future performance of the scheme of the Mutual Fund. SBI Tax advantage fund– Series II is only the name of the scheme and does not, in any manner, indicates either the quality of the scheme or its future prospects and returns. SBI Tax Advantage Fund – Series II would be investing in equity & equity related instruments, debt and money market instruments (such as term/notice money market, repos, reverse repos and any alternative to the call money market as may be directed by the RBI). The liquidity of the scheme's investments is inherently restricted by trading volumes and settlement periods. In the event of an inordinately large number of redemption requests, or of a restructuring of the scheme's investment portfolio, these periods may become significant. In view of the same, the Trustees have the right in their sole discretion to limit redemptions (including suspending redemptions) under certain circumstances. The Scheme has to >/= 20 investors and no investor to account for > 25% of the corpus of the Scheme. In case of non fulfillment with either of the above two conditions, the AMC shall comply with the specified SEBI Guidelines in this regard. Statutory Details: SBI Mutual Fund has been set up as a trust under the Indian Trusts Act, 1882. State Bank of India (‘SBI’), the sponsor is not responsible or liable for any loss resulting from the operation of the schemes beyond the initial contribution made by it of an amount of Rs. 5 lakhs towards setting up of the mutual fund. Asset Management Company: SBI Funds Management Private Limited (A joint venture between SBI & AMUNDI). Trustee Company: SBI Mutual Fund Trustee Company Private Limited. A copy of the Scheme Information Document & Statement of Additional Information and Key Information Memorandum along with the application form may be obtained from our ISC’s, ISD’s, SBI Mutual Fund Corporate Office, SBI MF agents or can be downloaded from website – www.sbimf.com. Please read the Scheme Information Document & Statement of Additional Information carefully before investing.