January 2017



Dear Friends,

Wish you and your loved ones a very happy and prosperous new year. May the Year 2017 be a healthy and successful one for you and your family.

The last month of the year saw Indian equity indices ending slightly lower with various domestic and global developments exerting downward pressure on the market. The biggest worry domestically continued to be demonetisation and its effects on corporate earnings, weak domestic industrial production data; and the increasing possibility of a delay in the implementation of Goods & Services Tax (GST). These factors and more including policies from the newly-elected US President and strength in the crude oil prices will weigh on the market in the Year 2017.

The Mutual Fund industry added more than Rs. 3.5 lakh crore to its asset base in 2016 to reach Rs. 16.93 lakh crore, primarily on account of growing interest from retail investors who stayed invested while new ones started investing. It was heartening to see more and more investors coming into equity and equity-oriented schemes to invest in the equity markets, an indication of the growing awareness for mutual funds.

While experts continue to predict the performance of the markets and different asset classes in 2017, keeping in mind global and domestic factors, I urge you to stick to the basics when it comes to your investments. Frame a goal with an exact timeline to achieve it by, invest with that in mind and redeem/sell your investments when you have achieved it. Simpler than you think it is. Mutual Funds are an ideal investment option in that sense as there different schemes available as per your goals in life. With tools like SIP/STP/SWP which help you manage your investments better and convenient investing options like apps or websites only make Mutual Funds a great choice.

For those of you who have still not planned your taxes, Equity Linked Savings Schemes (ELSS) from mutual funds are an ideal tax-saving option with tax benefit and potential of equity-market linked returns built-in in one fund. SBI Magnum Taxgain Scheme, a fund with over 23 years of track record, remains a very suitable option as it has seen and weathered well many market cycles. If you are comfortable with a longer time-period of investment (10 years) while seeking tax-saving options then our new ELSS offering, SBI Long Term Advantage Fund – Series IV is available for subscription which helps you to save tax while staying invested for the long-term to build wealth for your goals.

As always, we value your investments and look forward to your continued patronage.

Warm Regards,

Anuradha Rao

Managing Director & CEO


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