This actively managed fund offers growth through investment in a portfolio of select blue chip stocks. The main features of the scheme are:

• A diversified equity fund, focusing on aggressive growth
• Minimum application of Rs. 1000
• EntryLoad: – Investments below Rs. 5 crores – 2.25% Investments of Rs.5 crores and above – NIL" SIP/STP - 2.25%
• Exit Load – Investments below Rs.5 crores < 6 months - 1.00% 6 months and < 12 months - 0.50% Investments of Rs.5 crores and above - NIL SIP /STP-< 6 months from the date of investment of each instalment - 1.00%
• Ideal for investors who wish to benefit from the growth of the equity markets and are comfortable with the attendant volatility
• SIP Minimum amount Rs.500/month - 12 months Rs.1000/month - 6months, Rs.1500/quarter - 12 months
• STP Minimum amount Rs.1000/- month - minimum period of 6 months Rs.3000/ Quarter - minimum period of 6 months

Inter scheme switches to other equity schemes will not carry an Entry Load. However exit load will be applicable.

In respect of STP transactions, an investor would now be permitted to transfer any

amount from the switch-out scheme, subject to a minimum transfer of Rs.1000 pm or Rs.3000 per quarter, without any restriction on maintaining the minimum balance requirement as stipulated for the switch out scheme. The minimum period for STP will be atleast 6 months.

Please read the Offer Document before investing.

What is Magnum TaxGain Scheme about?

Magnum TaxGain Scheme is an Equity Linked Savings Scheme (ELSS) from SBI Mutual Fund which offers investors tax benefits on an investment upto Rs 1 Lakh under Section 80C of Indian Income Tax Act 1961. The fund was launched in the year 1993 and is one of the top performers in the ELSS category.

Scheme Highlights:
Entry Load – Investments below Rs. 5 crores – 2.25%,Investments of Rs.5 crores and above – NIL"

SIP/STP Entry Load - 2.25%

Exit Load : NIL

SIP : Minimum amount Rs.500/month - 12 months Rs.1000/month - 6months, Rs.1500/quarter - 12 months

STP : Minimum amount Rs.1000/- month - 6 months, Rs.3000/ Quarter - 6 months

Asset Allocation – 80-100% in Equity, partly convertible debentures and fully convertible debentures and bonds & 0 – 20% in Money market instruments.

Minimum Application Amount – Rs 500 for purchase & Multiples of Rs 500 for additional purchase.
Plans & Options – Dividend option with payout and reinvestment facility.

In respect of STP transactions, an investor would now be permitted to transfer any amount from the switch-out scheme, subject to a minimum transfer of Rs.1000 pm or Rs.3000 per quarter, without any restriction on maintaining the minimum balance requirement as stipulated for the switch out scheme. The minimum period for STP will be atleast 6 months.

Enter Section 8OC
Section 88 was scrapped in Finance Bill 2005. Instead, Section 80C has been introduced. All avenues that were eligible for tax benefits under Section 88 were brought under the Section 80C fold. However, instead of offering tax rebates, investments (up to Rs 100,000) under Section 80C qualify for deduction from gross total income. Hence a new system of claiming tax benefits is now in place.

How have Equities performed as compared to other asset classes?

Track record of the last 15 years shows that equity investments give better returns over the long term. Other asset classes such as Fixed Deposits & Gold have given returns of 5.7% & 10.3% respectively as compared to 15.6% provided by equities (BSE Sensex). (Cumulative annualized returns from 1984 to 2004). We believe that a 3 year horizon is ideal for getting a reasonable return from equity.

Why should I invest in Magnum TaxGain Scheme?

Magnum TaxGain Scheme offers you tax savings upto Rs 33,360 (Calculation based on applicable income slab, tax amount, surcharge & education cess) on an investment of upto Rs 1 Lakh. It also gives you equity market linked returns.

Returns of Magnum Taxgain Scheme

Source: valueresearchonline.com
Please note that past performance may or may not be sustained in future.

What is the investment strategy of Magnum TaxGain Scheme?

Magnum TaxGain Scheme follows the bottom up investment strategy. We have also kept the portfolio size limited to about 35 stocks in all. While we believe that India is a growth story, we feel that our strength lies in our ability to identify promising stocks and take them in the portfolio. This strategy has worked in favour of the funds in the last couple of years and we intend to pursue this strategy in future also

Awards & Achievements:
Magnum TaxGain Scheme has been ranked CPR 1 by CRISIL which indicates ‘very good performance’ It has recently bagged 2 gold awards in the 1 year & 3 year category for performance in the ICRA Online Awards. Magnum TaxGain Scheme has consistently given dividends and the last dividend given was 102% in June 2005.

Does a high NAV reduce the value of my investment?

It may be added by way of clarification that an NAV of Rs.50 in an existing scheme, and an NAV of Rs.10 in an New Fund Offer (NFO) are exactly the same for a new Investor, unlike in a share during an IPO. Two funds with exactly the same portfolio generate the same percentage of return in a given period irrespective of the magnitude of the NAV. Any time is hence the right time to invest!

Please read the Offer Document before investing.

Magnum Index Fund invests only in the 50 stocks that constitute S&P CNX Nifty index in proportion to each stock's weightage in the index. Hence, who the portfolio Manager is or what his style is does not really matter in such funds. Volatility of such schemes will be in synchronization with the index. This investment is ideal for:

• Corporate, Institutions, Banks
• HNIs and Retail Investors desirous of investing in a basket of Nifty Index stocks for an investment as low as Rs. 5000/- with liquidity of Open-ended Mutual Fund
• Entry load: Investments below Rs. 50 Lakhs – 1.25% Investments of Rs.50 Lakhs and above – NIL SIP/STP - 1.00%
• Exit Load: Nil SIP /STP- < 12 months from the date of investment of each instalment - 1.00%
• SIP : Minimum amount Rs.500/month - 12 months Rs.1000/month - 6months, Rs.1500/quarter - 12 months
• STP : Minimum amount Rs.1000/- month - 6 months ,Rs.3000/ Quarter - 6 months
• Dividend Option Available

In respect of STP transactions, an investor would now be permitted to transfer any amount from the switch-out scheme, subject to a minimum transfer of Rs.1000 pm or Rs.3000 per quarter, without any restriction on maintaining the minimum balance requirement as stipulated for the switch out scheme. The minimum period for STP will be atleast 6 months.

Please read the Offer Document before investing.

• Launched in August 1999
• Minimum investment of Rs. 2000 per sector
• Entry Load : Investments below Rs. 5 crores – 2.25% Investments of Rs.5 crores and above – NIL" SIP/STP - 2.25%
• Exit Load: Investments below Rs.5 crores < 6 months - 1.00% 6 months and < 12 months - 0.50% Investments of Rs.5 crores and above - NIL
• SIP /STP-< 6 months from the date of investment of each instalment - 1.00%
• SIP : Minimum amount Rs.500/month - 12 months Rs.1000/month - 6months, Rs.1500/quarter - 12 months
• STP : Minimum amount Rs.1000/- month - minimum period of 6 months Rs.3000/ Quarter - minimum period of 6 months

Inter scheme switches to other equity schemes will not carry an Entry Load. However exit load will be applicable. In respect of STP transactions, an investor would now be permitted to transfer any amount from the switch-out scheme, subject to a minimum transfer of Rs.1000 pm or Rs.3000 per quarter, without any restriction on maintaining the minimum balance requirement as stipulated for the switch out scheme. The minimum period for STP will be atleast 6 months.

Choice of 5 high-growth sectors:

• I.T Fund
• FMCG Fund
• Pharma Fund
• Contra Fund
• Emerging Businesses Fund

With the threat of global economic slowdown looming large over the IT industry, software stocks have been under pressure for quite some time now. Inspite of this, the Indian IT industry continues to march ahead as seen by the latest results, making it one of the highest value-addition and net foreign exchange earning industry. The Indian IT industry has zoomed from Rs.98.92 bn, five years ago to Rs.554 bn in FY2000-01, a phenomenal CAGR of over 40%, which is almost double the growth rate of IT industries in many of the developed countries.

The Indian IT industry can be classified into four sectors viz. Software, Hardware, Peripherals, Networking & Internet service providers.

Fast Moving Consumer Goods (FMCG) are products that are typically purchased and consumed on a regular basis. Some examples of FMCG products include personal products (soaps, shampoos, hair oils, toothpastes, shaving razors etc.), fabric care, processed foods (dairy products, atta, edible oils, chocolates, ice creams etc.), beverages, cigarettes etc. to name a few. The companies in this sector are sprucing up their brands and distribution networks to realize this huge potential.

Pharmaceutical industry is a continuous growth industry, largely immune to economic recession and commodity cycles. The growth is spurred by a rising population, new disease incidence, and resurgence of certain diseases.

The pharmaceutical industry grew at a compounded rate of 17% during the last 10 years. The companies renewed focus on streamlining their production facilities and increased marketing has seen these companies show a rise in their profits. In reflection of this, the stock prices have also rallied in the past year.

The objective of the Fund is to invest in undervalued scrips, which may be currently out of favour but are likely to show attractive growth in the long term. Thus, this fund provides an alternative to investors for investing in the growth scrips of the future. The funds collected under this scheme will be invested in the equities of :-

• Companies that are fundamentally sound, but generally are undervalued at the time of investment due to lack of investor interest.
• Companies that have embarked on the path of turnaround by restructuring of operations, hiving off unrelated business, etc. And where the results of the turnaround are likely to accrue in the long term.
• Companies with strong management, but operating in commodities where there are signs of bottoming out of the business cycle.

Please read the Offer Document before investing.

Emerging Businesses Fund is an open-ended growth fund launched as the fifth sector fund in Magnum Sector Funds Umbrella (MSFU). The Emerging Businesses Fund will primarily focus its investments in emerging business themes, primarily based on the export/outsourcing opportunities and/or global competitiveness of such themes. It will also focus on emerging domestic investment themes.

• Entry Load : Investments below Rs. 5 crores – 2.25% Investments of Rs.5 crores and above – NIL"
• SIP/STP - 2.25%
• Exit Load: Investments below Rs.5 crores < 6 months - 1.00% 6 months and < 12 months - 0.50% Investments of Rs.5 crores and above - NIL
• SIP /STP-< 6 months from the date of investment of each instalment - 1.00%
• SIP : Minimum amount Rs.500/month - 12 months Rs.1000/month - 6months, Rs.1500/quarter - 12 months
• STP : Minimum amount Rs.1000/- month - minimum period of 6 months Rs.3000/ Quarter - minimum period of 6 months

Inter scheme switches to other equity schemes will not carry an Entry Load. However exit load will be applicable.

In respect of STP transactions, an investor would now be permitted to transfer any amount from the switch-out scheme, subject to a minimum transfer of Rs.1000 pm or Rs.3000 per quarter, without any restriction on maintaining the minimum balance requirement as stipulated for the switch out scheme. The minimum period for STP will be atleast 6 months.

• A diversified equity fund, focussing on steady growth
• Open-ended from April 1998
• Minimum application of Rs. 1000
• Entry Load : Investments below Rs. 5 crores – 2.25% Investments of Rs.5 crores and above – NIL" SIP/STP - 2.25%
• Exit Load: Investments below Rs.5 crores < 6 months - 1.00% 6 months and < 12 months - 0.50% Investments of Rs.5 crores and above - NIL
• SIP /STP-< 6 months from the date of investment of each instalment - 1.00%
• SIP : Minimum amount Rs.500/month - 12 months Rs.1000/month - 6months, Rs.1500/quarter - 12 months
• STP : Minimum amount Rs.1000/- month - minimum period of 6 months Rs.3000/ Quarter - minimum period of 6 months

Inter scheme switches to other equity schemes will not carry an Entry Load. However exit load will be applicable.

In respect of STP transactions, an investor would now be permitted to transfer any amount from the switch-out scheme, subject to a minimum transfer of Rs.1000 pm or Rs.3000 per quarter, without any restriction on maintaining the minimum balance requirement as stipulated for the switch out scheme. The minimum period for STP will be atleast 6 months.

Please read the Offer Document before investing.

The Magnum Global Fund Scheme 1994 commenced from 24th August 1994. This scheme was launched as a close-ended scheme redeeming on 30th September 1999. the scheme was converted into an Open-Ended Fund from 1st October 1999. Main features of the scheme are:

• Entry Load : Investments below Rs. 5 crores – 2.25% Investments of Rs.5 crores and above – NIL" SIP/STP - 2.25%
• Exit Load: Investments below Rs.5 crores < 6 months - 1.00% 6 months and < 12 months - 0.50% Investments of Rs.5 crores and above - NIL
• SIP /STP-< 6 months from the date of investment of each instalment - 1.00%
• SIP : Minimum amount Rs.500/month - 12 months Rs.1000/month - 6months, Rs.1500/quarter - 12 months
• STP : Minimum amount Rs.1000/- month - minimum period of 6 months Rs.3000/ Quarter - minimum period of 6 months

Inter scheme switches to other equity schemes will not carry an Entry Load. However exit load will be applicable.

In respect of STP transactions, an investor would now be permitted to transfer any amount from the switch-out scheme, subject to a minimum transfer of Rs.1000 pm or Rs.3000 per quarter, without any restriction on maintaining the minimum balance requirement as stipulated for the switch out scheme. The minimum period for STP will be atleast 6 months.

Please read the Offer Document before investing.

The latest investment option from SBI Mutual Fund enables you to benefit from our expertise in the intricacies of MidCap stocks. So you can leave the hard part of choosing the right stock to grow with and concentrate on enjoying your returns, now and in the long run:

• Open-ended growth shceme
• Entry Load : Investments below Rs. 5 crores – 2.25% Investments of Rs.5 crores and above – NIL" SIP/STP - 2.25%
• Exit Load: Investments below Rs.5 crores < 6 months - 1.00% 6 months and < 12 months - 0.50%
• Investments of Rs.5 crores and above - NIL
• SIP /STP-< 6 months from the date of investment of each instalment - 1.00%
• SIP : Minimum amount Rs.500/month - 12 months Rs.1000/month - 6months, Rs.1500/quarter - 12 months
• STP : Minimum amount Rs.1000/- month - minimum period of 6 months Rs.3000/ Quarter - minimum period of 6 months

Inter scheme switches to other equity schemes will not carry an Entry Load. However exit load will be applicable.

In respect of STP transactions, an investor would now be permitted to transfer anyamount from the switch-out scheme, subject to a minimum transfer of Rs.1000 pm or Rs.3000 per quarter, without any restriction on maintaining the minimum balance requirement as stipulated for the switch out scheme. The minimum period for STP will be atleast 6 months.

Please read the Offer Document before investing.

A first of its kind scheme. COMMA is an acronym for Commodities in Oil, Metals, Materials and Agriculture. The objective of the scheme would be to generate opportunities for growth along with possibility of consistent returns by investing predominantly in a portfolio of stocks of companies engaged in the commodity business within the following sectors - Oil& Gas, Metals, Materials & Agriculture and in debt & money market instruments

• An open-ended equity scheme investing in stocks of commodity based companies
• Entry Load : Investments below Rs. 5 crores – 2.25% Investments of Rs.5 crores and above – NIL" SIP/STP - 2.25%
• Exit Load: Investments below Rs.5 crores < 6 months - 1.00% 6 months and < 12 months - 0.50% Investments of Rs.5 crores and above - NIL
• SIP /STP-< 6 months from the date of investment of each instalment - 1.00%
• SIP : Minimum amount Rs.500/month - 12 months Rs.1000/month - 6months, Rs.1500/quarter - 12 months
• STP : Minimum amount Rs.1000/- month - minimum period of 6 months Rs.3000/ Quarter - minimum period of 6 months

Inter scheme switches to other equity schemes will not carry an Entry Load. However exit load will be applicable.

In respect of STP transactions, an investor would now be permitted to transfer any amount from the switch-out scheme, subject to a minimum transfer of Rs.1000 pm or Rs.3000 per quarter, without any restriction on maintaining the minimum balance requirement as stipulated for the switch out scheme. The minimum period for STP will be atleast 6 months.

Please read the Offer Document before investing.

SBI Mutual Fund launches Magnum Mutlicap Fund (An open ended Growth Scheme)

Objective

Scheme objective - To provide investors with opportunities for long-term growth in capital along with the liquidity of an open-ended scheme through an active management of investments in a diversified basket of equity stocks spanning the entire market capitalization spectrum, debt and money market instruments.

Fund to invest in large, medium and small cap segments in equity instruments. The fund would invest a minimum of 50 per cent of its equity/equity related instruments in large cap stocks and the balance 50 per cent would be dividend between mid cap and small caps with a provision to invest at least 10 per cent in mid cap stocks.

Key Features

• Launch date –22nd August 2005
• Scheme opened for continuous sale and repurchase.
• Entry Load : Investments below Rs. 5 crores – 2.25% Investments of Rs.5 crores and above – NIL" SIP/STP - 2.25%
• Exit Load: Investments below Rs.5 crores < 6 months - 1.00% 6 months and < 12 months - 0.50%Investments of Rs.5 crores and above - NIL
• SIP /STP-< 6 months from the date of investment of each instalment - 1.00%
• SIP : Minimum amount Rs.500/month - 12 months Rs.1000/month - 6months, Rs.1500/quarter - 12 months
• STP : Minimum amount Rs.1000/- month - minimum period of 6 months Rs.3000/ Quarter - minimum period of 6 months

Inter scheme switches to other equity schemes will not carry an Entry Load. However exit load will be applicable.

In respect of STP transactions, an investor would now be permitted to transfer any amount from the switch-out scheme, subject to a minimum transfer of Rs.1000 pm or Rs.3000 per quarter, without any restriction on maintaining the minimum balance requirement as stipulated for the switch out scheme. The minimum period for STP will be atleast 6 months.

Please read the Offer Document before investing.

• Launch date - 23rd December 2005
• NFO open from 23rd December 2005 to 20th January 2006
• Scheme reopens for continuous sale and repurchase from 17th February 2006
• Minimum investment - Rs. 5000 and in multiples of Rs. 1000
• Dividend and Growth options available. Reinvestment and payout facility available
• Dividends will be completely tax-free. Long term capital gains to be completely tax-free. Short -term capital gains to be taxed at 10% (plus applicable surcharge and cess)
• Scheme objective: To provide investors with opportunities for long-term growth in capital through an active management of investments in a diversified basket of equity stocks of companies whose market capitalization is atleast equal to or more than the least market capitalized stock of BSE 100 Index.
• Systematic Investment Plan available during the NFO.
• Asset allocation pattern

• Entry Load : Investments below Rs. 5 crores – 2.25% Investments of Rs.5 crores and above – NIL" SIP/STP - 2.25%
• Exit Load: Investments below Rs.5 crores < 6 months - 1.00% 6 months and < 12 months - 0.50% Investments of Rs.5 crores and above - NIL
• SIP /STP-< 6 months from the date of investment of each instalment - 1.00%
• SIP : Minimum amount Rs.500/month - 12 months Rs.1000/month - 6months, Rs.1500/quarter - 12 months
• STP : Minimum amount Rs.1000/- month - minimum period of 6 months Rs.3000/ Quarter - minimum period of 6 months

Inter scheme switches to other equity schemes will not carry an Entry Load. However exit load will be applicable.

In respect of STP transactions, an investor would now be permitted to transfer any amount from the switch-out scheme, subject to a minimum transfer of Rs.1000 pm or Rs.3000 per quarter, without any restriction on maintaining the minimum balance requirement as stipulated for the switch out scheme. The minimum period for STP will be atleast 6 months.

• Large companies with an established business presence,
• Good reputation
• Possible market leaders in their industry/sector
• Less uncertainty in topline/ bottom line growth
• Normally have a history of successful growth, high visibility and reach, good credit ratings
• Excellent brand equity amongst the general public
• Widespread interest amongst investing public.

Risk Factors: Mutual Funds and Securities Investments are subject to market risks and there is no assurance or guarantee that the scheme's objectives will be achieved. As with any other investment in securities, the NAV of the Magnums issued under the schemes may go up or down depending upon the factors and forces affecting the securities market. Past performance of the Sponsors/AMC/Mutual Fund/Scheme(s) and their affiliates do not indicate the future performance of the Scheme of the Mutual Fund. Please read the offer document before investing. 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 and Sociιtι Genιralι Asset Management) -191, Maker Tower 'E', 19th Floor, Cuffe Parade, Mumbai 400 005. Trustee Company: SBI Mutual Fund Trustee Company Pvt. Ltd. A copy of the offer document and key information memorandum along with the application form may be obtained from our ISC's, ISD's, SBI MF Corporate office, SBI MF agents or can be downloaded from our website-www.sbimf.com

Please read the Offer Document before investing.