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June 2015

Expectations continue to remain high as the BJP-led government completed its first year in office. The government came with a strong mandate and an objective of ‘Minimum Government and Maximum Governance’. Some of the key measures undertaken in the first year include the e-auction of coal and telecom spectrum, Jan-Dhan Yojana and the direct transfer of subsidies. Buoyed by reform measures undertaken by the government since the last year and a favourable macroeconomic environment, forecasts for India’s economic growth and equity markets have been raised. Further gains will be seen in the year if crucial bills like GST and Land Acquisition get the legislative approval, resolution of the Minimum Alternate Tax (MAT) issue and a favourable monsoon season.

As the markets rally it is heartening to see a surge in retail investors’ participation in equity especially through the mutual fund route. The industry has seen a healthy increase of assets under management of equity mutual funds and growth in number of new Systematic Investment Plans. I strongly believe that SIPs should be the bedrock of any investors’ plan for his financial goals and our new Investor Education campaign on SIP highlights just that. Time in the market is what helps build wealth and not timing the market. Our goal this year as a fund house is to continue to spread the message of the advantages of SIPs in mutual funds to promote the regular savings habit and further increase the participation of retail investors in equity markets through mutual funds. I urge investors to think long-term when investing in equities and not bother about short-term market movements. The focus should remain on investing a fixed amount on a monthly basis in equity-based funds which will compound and help in attaining a sizeable corpus for their financial goals.

We at SBI Mutual Fund offer you a wide-range of equity-based funds designed to power your portfolio. These schemes are primarily targeted at investors looking for long-term growth as all equity-based funds should and bring with them a performance track record over different market cycles. Some of our schemes like SBI Magnum Equity Fund, SBI Magnum Global Fund, SBI Magnum Balanced Fund, SBI Magnum Multiplier Fund and SBI Blue Chip Fund continue to perform well and are worthy for any portfolio. I urge you to go through the scheme details of these funds and start an SIP after charting out a plan for your goal. You can speak to your advisor or call us for any queries on these funds or simply send us an SMS with SBIMF as the keyword and we will get in touch with you. A new addition to our list of fund offerings is SBI Equity Savings Fund, launched on May 11, which offers investors a blend of equity, arbitrage and debt in one fund so you get the growth potential of equity, income opportunity from the fixed income portion and tax efficiency in its returns. This fund is suited for investors looking for tax-efficient returns with a lower volatility than regular equity-based funds.

Visit our site www.sbimf.com to experience the convenience of investing with mutual funds. The site allows KYC compliant investors to invest in any of our schemes and New Fund Offers in a few minutes. Also, m-Easy our mobile based service allows you to complete any mutual fund transaction simply by sending an SMS from your registered mobile number with us. Please feel free to call on our dedicated customer care numbers customer care numbers 1 800 425 5425 and 044-28881101/044-28881136 from Monday to Saturday (8am to 10pm) or write to us at customer.delight@sbimf.com with your queries. Alternatively, you can also visit your nearest SBI MF Branch for any assistance.

Best Regards,
Dinesh Kumar Khara
Managing Director & Chief Executive Officer

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