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The year 2009-10 saw a smart recovery in the Indian equity markets after witnessing a steep fall in the preceding year. And yet
again, the emerging markets were the fastest to recover from the slowdown. It is quite encouraging to see this steady and quick
recovery of Indian Markets amidst global economic turbulence. The benchmarks BSE Sensex and S&P Nifty showed an absolute
growth of 80.5% and 73.8% respectively, through the financial year 2009-10. Investors who had shown patience and stayed
invested during the turbulence could reap the benefits of the market recovery. Having a long term horizon always helps you stay
on course for achieving your financial goals.
I am happy to share with you that we continue to increase our investor base and over 58 lakh investors have shown trust in SBI
Mutual Fund. Enclosed is the annual report for the year 2009-10 for your perusal.
The closing Assets under Management (AUM) of the domestic schemes of SBI Mutual Fund as on 31st March 2010 were Rs.
36,360.08 crore as against Rs. 22,215.17 crore for the previous year, reflecting a growth of 63.67%. The average AUM increased
from Rs. 27,846 crore in 2008-09 to Rs. 35,632 crore during 2009-10 reflecting a growth of 27.96%.
SBI Mutual Fund launched SBI Gold Exchange Traded Scheme (SBI GETS) in March 2009 and offered a new asset class for
investors. It will be our endeavour to introduce innovative products in line with our investors’ financial requirements.
We have been taking several initiatives to enhance the service standards and offer best services to our investors. In this direction,
I am glad to share with you that in the month of March 2010, we introduced SBI Debit Card as a payment mode for online
investment through www.sbimf.com. Earlier, in June 2009, we launched Speech Recognition based “Interactive Voice Response
(IVR)” system at our Contact Center in Bangalore. This is a sophisticated system which has the capability of handling queries for
NAV and SOA without the call reaching the agent. We have also been conducting Investor Awareness Camps across India so as to
enhance financial literacy and educating investors about mutual fund.
I assure you that we shall continue to maintain high standards of investment performance in the future, too. It has always been our
endeavour to help our investors achieve their financial dreams and one of the tools to ensure that an investor stays on course with
his/her dreams is by investing through a Systematic Investment Plan in some of our schemes having good track record like
Magnum Sector Funds Umbrella - Contra Fund, Magnum Taxgain Scheme, Magnum Balanced Fund, Magnum Multiplier Plus
Scheme and Magnum Equity Fund just to name few of our schemes...
Lastly, I would also like to assure you of our commitment to provide unparalleled service and cater to your information, investment
and servicing needs. Please feel free to call at our dedicated customer care number 1-800-425-5425 (MTNL/BSNL users only) and
080-26599420 from Monday to Saturday (8am – 10pm) or write to us at customer.delight@sbimf.com with your queries. Alternatively,
you can also visit your nearest Investor Service Centre / Investor Service Desk for any assistance. We are also constantly increasing
our service network by opening new Investor Service Centres and Investor Service Desks to service our valued investors better.
We have also been adding more distributors thereby strengthening our distribution network to offer our award winning products
through them.
I am more than confident that your trust and faith in us will earn rich dividends for you in future.
Warm regards,
FUTURE OUTLOOK:
EQUITY OUTLOOK :
India’s equity market may show higher volatility due to uncertainties on the global front and return of risk aversion among global investors. The long
term structural factors suggest that Indian markets are likely to show greater resilience and may gradually decouple from rest of the world:
✓ In a demand constrained world, India is placed well with growth engines of domestic consumption and infrastructure build up.
✓ Signs of increasing momentum in industrial growth and services.
✓ High savings rate, strong financial sector, Household gearing too low.
✓ Corporate sector: manageable gearing, on track for robust earnings growth.
✓ Huge Demographic dividend to boost consumption and savings.
✓ Domestic flows to become stronger, reliance on foreign flows will gradually reduce.
✓ Stable pro-growth government at centre, increased focus on reforms.
4. SIGNIFICANT ACCOUNTING POLICIES: ACCOUNTING POLICIES ARE IN ACCORDANCE WITH SECURITIES & EXCHANGE
BOARD OF INDIA ( MUTUAL FUND ) REGULATIONS 1996.
5. UNCLAIMED DIVIDENDS & REDEMPTIONS
Summary of No. of Investors & Corresponding amount scheme wise
Unclaimed Dividends Unclaimed Redemptions
Scheme Amount (Rs.) No of Investors Amount (Rs.) No of Investors
Magnum Sector Funds Umbrella – IT 701,358 352 1,858,902 203
Magnum Sector Funds Umbrella - Pharma 1,867,809 687 409,447 33
Magnum Sector Funds Umbrella - FMCG 242,143 67 316,392 13
Magnum Sector Funds Umbrella - Contra 2,435,132 862 2,788,621 128
Magnum Sector Funds Umbrella – EBF 1,476,541 349 1,922,337 91
7. STATUTORY INFORMATION:
a. The Sponsors are not responsible or liable for any loss resulting from the operation of the schemes of the Fund beyond their initial contribution
( to the extent contributed) of Rs.5 lakhs for setting up the Fund, and such other accretions / additions to the same.
b. The price and redemption value of the units, and income from them, can go up as well as down with fluctuations in the market value of its
underlying investments in securities or fair value in underlying real estate asset, as the case may be.
c. Full Annual Report is disclosed on the website (www.sbimf.com) and is available for inspection at the Head Office of the Mutual Fund. Present and
prospective unit holder can obtain copy of the Trust Deed, the full Annual Report of the Fund / AMC at a price and the text of relevant scheme.
ACKNOWLEDGEMENT
The Directors take this opportunity to express their gratitude for the continued support and co-operation extended by the State Bank of India, Société
Générale Asset Management, the Registrars & Transfer Agents, the Custodians, the Collecting Banks, Government Agencies, Auditors, SEBI, AMFI, the
Board of Directors of SBI Funds Management Private Limited, market intermediaries and the large body of investors in various schemes of the Fund.
For and on behalf of the Board of Directors
SBI Mutual Fund Trustee Company Pvt. Ltd.
Sd/-
Place : Mumbai Shri. T. L. Palani Kumar
Date : July 6, 2010 (Chairman)
TOTAL 5,591 3,634 996 360,808 21,377 392,405 2,925 2,186 599 184,300 8,608 198,618
ASSETS
1 Investments
1.1. Listed Securities:
1.1.1 Equity Shares 5,312 3,516 882 336,539 18,731 364,979 2,342 1,739 528 143,690 7,736 156,035
1.1.2 Preference
Shares - - - - - - - - - - - -
1.1.3 Equity Linked
Debentures - - - - - - - - - 227 - 227
1.1.4 Other Debentures
& Bonds - - - - - - - - - - - -
1.1.5 Securitised
Debt Securities - - - - - - - - - - - -
1.2 Securities Awaited
Listing:
1.2.1 Equity Shares 5 - - - 19 24 - - - - - -
1.2.2 Preference Shares - - - - - - - - - - - -
1.2.3 Equity Linked
Debentures - - - - - - - - - - - -
1.2.4 Other Debentures
& Bonds - - - - - - - - - - - -
1.2.5 Securitised
Debt Securities - - - - - - - - - - - -
7
As at March 31, 2010 As at March 31, 2009
(Rupees in Lakhs) (Rupees in Lakhs)
IT Fund Pharma FMCG Contra Emerging TOTAL IT Fund Pharma FMCG Contra Emerging TOTAL
Fund Fund Fund Business Fund Fund Fund Business
Fund Fund
1.3 Unlisted Securities
1.3.1 Equity Shares 0 - - - - 0 0 - - - - 0
1.3.2 Preference
Shares - - - - - - - - - - - -
1.3.3 Equity Linked
Debentures - - - - - - - - - - - -
1.3.4 Other Debentures
& Bonds - - - 1,010 - 1,010 - - - - - -
1.3.5 Securitised
Debt Securities - - - - - - - - - 12,500 - 12,500
1.4 Government Securities - - - - - - - - - - - -
1.5 Treasury Bills - - - - - - - - - - - -
1.6 Commercial Paper - - - - - - - - - - - -
1.7 Certificate of Deposits - - - 10,234 - 10,234 - - - 9,835 - 9,835
1.8 Bill Rediscounting - - - - - - - - - - - -
1.9 Units of Domestic
Mutual Fund - - - - - - - - - - - -
1.10 Foreign Securities - - - - - - - - - - - -
Total Investments 5,317 3,516 882 347,783 18,750 376,247 2,342 1,739 528 166,252 7,736 178,597
2 Deposits 4 2 2 4,103 210 4,320 4 2 2 8,458 - 8,465
3 Other Current Assets
3.1 Cash & Bank Balance 47 69 11 1,514 123 1,764 61 47 12 287 135 541
3.2 CBLO/ Reverse
Repo Lending 142 27 99 3,710 1,684 5,663 517 395 57 6,881 618 8,468
3.3 Others 81 20 2 3,698 610 4,411 3 3 0 2,422 85 2,513
4 Deferred Revenue
Expenditure (to the extent
not written off) - - - - - - - - - - 34 34
TOTAL 5,591 3,634 996 360,808 21,377 392,405 2,925 2,186 599 184,300 8,608 198,618
8
ABRIDGED REVENUE ACCOUNT
FOR THE YEAR ENDED MARCH 31, 2010
For the Year ended March 31, 2010 For the Year ended March 31, 2009
(Rupees in Lakhs) (Rupees in Lakhs)
IT Fund Pharma FMCG Contra Emerging TOTAL IT Fund Pharma FMCG Contra Emerging TOTAL
Fund Fund Fund Business Fund Fund Fund Business
Fund Fund
1 INCOME
1.1 Dividend 51 34 10 3,542 181 3,818 62 40 14 2,825 133 3,075
1.2 Interest 6 3 2 998 26 1,035 24 17 4 1,960 62 2,067
1.3 Realised Gain / (Loss) on
Foreign Exchange Transactions - - - - - - - - - - - -
1.4 Realised Gains / (Losses) on
Interscheme sale of investments - 60 - 2 34 96 114 164 (61) (3,008) 132 (2,659)
1.5 Realised Gains / (Losses) on
External sale / redemption of
investments (86) 74 106 52,770 (274) 52,589 (590) (396) 46 (1,820) 41 (2,719)
1.6 Realised Gains / (Losses)
on Derivative Transactions - - - (2,477) (46) (2,524) - - - 713 - 713
1.7 Other Income - - - 0 0 0 19 2 3 24 3 50
(A) (29) 171 117 54,835 (79) 55,015 (370) (173) 7 694 370 528
2 EXPENSES
2.1 Management fees 58 39 8 2,154 185 2,443 56 36 8 1,582 158 1,840
2.2 Service tax on
Management fees 6 4 1 222 19 252 7 4 1 194 19 226
2.3 Transfer agents fees
and expenses 17 9 3 1,027 55 1,110 18 14 3 719 56 810
2.4 Custodian fees 1 1 0 78 4 83 1 1 0 59 4 65
2.5 Trusteeship fees 1 0 0 33 2 35 1 0 0 22 2 24
2.6 Commission to Agents 27 19 6 1,799 114 1,966 23 10 5 961 85 1,085
2.7 Marketing &
Distribution expenses 0 0 0 29 0 30 0 2 0 96 1 100
2.8 Audit fees 0 0 0 3 0 3 0 0 0 2 0 2
2.9 Other operating expenses 1 1 0 1,136 38 1,175 6 4 0 76 68 154
(B) 110 73 18 6,480 416 7,098 113 72 17 3,713 392 4,306
9
For the Year ended March 31, 2010 For the Year ended March 31, 2009
(Rupees in Lakhs) (Rupees in Lakhs)
IT Fund Pharma FMCG Contra Emerging TOTAL IT Fund Pharma FMCG Contra Emerging TOTAL
Fund Fund Fund Business Fund Fund Fund Business
Fund Fund
10
MAGNUM SECTOR FUNDS UMBRELLA
NOTES TO ACCOUNTS - ANNEXURE I TO THE ABRIDGED BALANCE SHEET AND REVENUE ACCOUNT FOR THE YEAR / PERIOD
ENDED 31ST MARCH 2010
Amount in Rupees in Lakhs unless otherwise stated
1 Investments :-
1.1 The investments of the Scheme are held in the custody of the Fund’s custodian, HDFC Bank Ltd. Investments are registered in the name of
the scheme except where dispute exist or where the delivery has not become due.
1.2 Open position of Derivatives (outstanding market value & % to Net Assets as of the year end).
Options As at 31st March 2010 As at 31st March 2009
Market Value % to Net Assets Market Value % to Net Assets
MSFU - IT Nil Nil Nil Nil
MSFU - PHARMA Nil Nil Nil Nil
MSFU - FMCG Nil Nil Nil Nil
MSFU - CONTRA Nil Nil 1,233.45 0.70
MSFU - EBF 251.97 1.22 Nil Nil
1.3 Investment in Sponsors / Associates and Group Companies by all schemes.
Issuer and instrument Under this scheme All schemes of the Fund
As at 31-03-10 As at 31-03-09 As at 31-03-10 As at 31-03-09
Equity shares of State Bank of India 10,632.34 7,058.61 51,889.87 32,137.44
Equity shares of State Bank of Mysore Nil Nil 257.82 Nil
Total 10,632.34 7,058.61 52,147.69 32,137.44
1.4 Open position of Securities Borrowed and /or Lent by the scheme : NIL (Previous Year : NIL)
1.5 Details of NPA: Aggregate market value and provision thereof.
MSFU –CONTRA
Investment category As at 31st March 2010 As at 31st March 2009
Outstanding Provision Made Book Value Outstanding Provision Made Book Value
NCD 1,010.00 1,010.00 Nil Nil Nil Nil
1.6 Aggregate Unrealised Gain / Loss as at the end of the Financial Year / Period and percentage to Net Assets.
Options As at 31st March 2010 As at 31st March 2009
Amount % to Net Assets Amount % to Net Assets
MSFU - IT 2,509.66 46.29 (1,236.56) 47.86
MSFU - PHARMA 765.18 21.35 (1,273.30) 64.31
MSFU - FMCG 305.01 31.10 (32.06) 5.49
MSFU - CONTRA 65,114.55 18.23 (44,743.52) 25.32
MSFU - EBF 2,909.90 14.09 (10,021.42) 118.98
1.7 Aggregate Value of Purchase and Sale with percentage to Average Net Assets.
Options Current Year Previous Year
Purchase % to Avg Sale % to Avg Purchase % to Avg Sale % to Avg
Net Assets Net Assets Net Assets Net Assets
Value Value Value Value
MSFU - IT 2,205.35 47 2,889.81 62 1,336.43 30 2,057.90 46
MSFU - PHARMA 3,793.01 123 4,188.02 135 5,138.54 179 5,065.31 176
MSFU - FMCG 1,195.52 149 1,284.57 160 1,116.33 167 1,187.46 177
MSFU - CONTRA 7,95,666.76 268 7,71,434.04 260 3,55,584.19 182 3,22,740.64 165
MSFU - EBF 28,829.57 180 30,331.13 190 8,121.03 59 9,313.02 68
Segment Name of Related Party Nature of Period Value of Transaction and % Brokerage & % of Total
Relationship Covered of Total Value of Transactions Brokerage
% %
Equity SBICAP Securities Ltd. Group Company Previous Year 54,287.80 4.14 93.48 4.95
SG Asia Holdings Group Company Previous Year 7,659.19 0.58 3.58 0.19
(India) Pvt. Ltd.
SBICAP Securities Ltd. Group Company Previous Year 11,296.71 1.24 4.74 1.43
Futures
SG Asia Holdings Group Company Previous Year 21,251.85 2.34 8.27 2.49
& Options
(India) Pvt. Ltd.
Debt No Transaction Executed Through Related Party
b. Commission Paid to Associates/Related Parties/ Group Companies of Sponsor/AMC by all schemes
Name of Related Party Nature of Period Business Given and %of Commission & % of
Relation Covered Total Business Received Total Commission
% %
Anand Rathi Financial Services Ltd. Associate* Current Year 10,130.03 0.04 24.37 0.17
Centrum Finance Ltd. Associate* Current Year 44.70 0.00 19.06 0.13
SBI DFHI Ltd. Group Company Current Year 87,611.27 0.30 0.00 0.00
SBICAP Securities Ltd. Group Company Current Year 16,99,921.79 5.91 46.51 0.32
State Bank of Bikaner & Jaipur Group Company Current Year 3,60,250.27 1.25 49.02 0.34
State Bank of Hyderabad Group Company Current Year 4,73,660.70 1.65 116.48 0.80
State Bank of India Sponsor Current Year 37,69,689.17 13.10 3,032.47 20.72
State Bank of Indore Group Company Current Year 24,888.55 0.09 29.09 0.20
State Bank of Mysore Group Company Current Year 29,205.50 0.10 53.56 0.37
State Bank of Patiala Group Company Current Year 4,63,257.34 1.61 107.52 0.73
State Bank of Travancore Group Company Current Year 1,02,218.53 0.36 123.43 0.84
Total 70,20,877.85 24.39 3,601.51 24.61
MSFU -PHARMA
Type of Transaction Name of Related Party Current Year Previous Year
Bank Charges SBI Cards and Payments Services Pvt. Ltd. 0.01 Nil
State Bank of Bikaner & Jaipur 0.00 Nil
State Bank of Hyderabad 0.00 0.01
State Bank of India 0.16 2.82
State Bank of Indore 0.00 0.01
State Bank of Mysore 0.00 Nil
State Bank of Patiala 0.00 Nil
State Bank of Travancore 0.00 0.00
Management Fees SBI Funds Management Pvt. Ltd. 38.69 35.88
Other Operating Charges Clearing Corporation of India Ltd. 0.02 0.06
Trusteeship Fee SBI Mutual Fund Trustee Company Pvt. Ltd. 0.34 0.32
Brokerage on Issue of Magnums SBICAP Securities Ltd. 0.03 0.03
State Bank of Bikaner & Jaipur 0.03 0.03
State Bank of Hyderabad 0.33 0.81
State Bank of India 1.34 1.26
State Bank of Indore 0.06 0.05
State Bank of Mysore 0.01 0.00
State Bank of Patiala 0.01 0.01
State Bank of Travancore 0.04 0.04
Brokerage on Investments SBICAP Securities Ltd. 0.20 1.08
MSFU - FMCG
Current Year Previous Year
No. of Units in Lakhs No. of Units in Lakhs
Face Value 10.00 10.00
Opening 45.74 47.31
Subscription 14.84 11.73
Dividend Reinvestment - -
Redemption 17.12 13.30
Closing 43.46 45.74
MSFU - CONTRA
Current Year Previous Year
No. of Units in Lakhs No. of Units in Lakhs
Dividend Growth Total Dividend Growth Total
Face Value 10.00 10.00 10.00 10.00
Opening 4,665.76 3,299.85 7,965.61 3,836.80 2,399.58 6,236.38
Subscription 2,525.23 1,630.24 4,155.47 1,308.14 1,390.27 2,698.42
Dividend Reinvestment 446.97 - 446.97 201.25 - 201.25
Redemption 1,543.22 1,317.83 2,861.05 680.44 490.00 1,170.44
Closing 6,094.74 3,612.26 9,707.00 4,665.76 3,299.85 7,965.61
MSFU - EBF
Current Year Previous Year
No. of Units in Lakhs No. of Units in Lakhs
Dividend Growth Total Dividend Growth Total
Face Value 10.00 10.00 10.00 10.00
Opening 714.90 224.24 939.13 766.67 221.19 987.86
Subscription 180.42 103.24 283.66 38.05 26.78 64.83
Dividend Reinvestment 48.66 - 48.66 0.00 - 0.00
Redemption 158.68 83.75 242.44 89.82 23.74 113.55
Closing 785.29 243.72 1,029.01 714.90 224.24 939.13
5. Expenses other than management fees are disclosed inclusive of service tax.
6 Figures of the previous year have been regrouped, wherever necessary to confirm with the current year’s figures.
7 Contingent liability in respect of Underwriting Commitments, Uncalled liability on partly paid shares and other commitments are Nil
(Previous Year : Nil).
Current Previous
Year / Period Year / Period
ended 31/03/2010 ended 31/03/2009
MAGNUM SECTOR FUNDS UMBRELLA-PHARMA
1. NAV per unit (Rs.):
Open
Dividend 14.51 23.52
Growth 17.59 28.55
High
Dividend 30.98 27.61
Growth 37.49 33.52
Low
Dividend 14.77 12.60
Growth 17.91 15.29
End
Dividend 30.98 14.51
Growth 37.49 17.59
2. Closing Assets Under Management (Rs. in Lakhs)
End 3584.16 1,979.96
Average (AAuM) 3095.47 2,870.80
3. Gross income as % of AAuM1 5.51 7.76
4. Expense Ratio:
a. Total Expense as % of AAuM (plan wise)### 2.35 2.47
b. Management Fee as % of AAuM (plan wise) 1.25 1.25
5. Net Income as a percentage of AAuM2 3.16 (8.53)
6. Portfolio turnover ratio3 1.21 1.59
7. Total Dividend per unit distributed during the year / period (plan wise) NIL NIL
8. Returns:
a. Last One Year
Scheme
Growth 112.97 (38.42)
Dividend 113.23 (38.28)
Benchmark - BSE - HC 88.27 (26.45)
b. Since Inception
Scheme
Growth 10.53 (5.30)
Dividend 15.86 8.83
Benchmark - BSE - HC
Growth 11.09 (1.90)
Dividend 14.18 8.47
1. Gross income = amount against (A) in the Revenue account i.e. Income.
2. Net income = amount against (C) in the Revenue account i.e. NET REALISED GAINS / (LOSSES) FOR THE YEAR / PERIOD
3. Portfolio Turnover = Lower of sales or purchase divided by the Average AuM for the year/period.
4. AAuM=Average daily net assets.
.### - Total Expenditure does not include loss on sale/redemption of investments, loss on inter-scheme tranfer/sale of investments, net change in
unrealised depreciation in value of investments, deferred revenue expenditure amortised and Provision for Doubtful Debt, Income, Deposits.
Current Previous
Year / Period Year / Period
ended 31/03/2010 ended 31/03/2009
MSFU- CONTRA
1. NAV per unit (Rs.):
Open
Dividend 16.89 29.67
Growth 29.67 45.62
High
Dividend 26.73 32.64
Growth 57.28 50.20
Low
Dividend 17.83 14.50
Growth 31.32 36.41
End
Dividend 25.44 16.89
Growth 55.96 29.67
2. Closing Assets Under Management (Rs. in Lakhs)
End 357,193.98 176,689.64
Average (AAuM) 296,400.72 195,005.79
3. Gross income as % of AAuM1 19.34 2.83
4. Expense Ratio:
a. Total Expense as % of AAuM (plan wise) ### 1.85 1.90
b. Management Fee as % of AAuM (plan wise) 0.73 0.81
5. Net Income as a percentage of AAuM2 31.42 (1.55)
6. Portfolio turnover ratio3 1.11 0.74
7. Total Dividend per unit distributed during the year / period (plan wise) 5.00 4.00
8. Returns:
a. Last One Year
Scheme
Dividend 87.80 (34.99)
Growth 87.87 (35.01)
Benchmark - BSE 100
Dividend 88.17 (39.97)
Growth 88.17 (39.97)
b. Since Inception
Scheme
Dividend 28.32 23.40
Growth 28.20 16.22
Benchmark - BSE 100
Dividend 16.19 10.58
Growth 22.21 9.39
1. Gross income = amount against (A) in the Revenue account i.e. Income.
2. Net income = amount against (C) in the Revenue account i.e. NET REALISED GAINS / (LOSSES) FOR THE YEAR / PERIOD.
3. Portfolio Turnover = Lower of sales or purchase divided by the Average AuM for the year/period.
4. AAuM=Average daily net assets.
### Total Expenditure does not include loss on sale/redemption of investments, loss on inter-scheme tranfer/sale of investments, net change in
unrealised depreciation in value of investments, deferred revenue expenditure amortised and Provision for Doubtful Debt, Income, Deposits.
Current Previous
Year / Period Year / Period
ended 31/03/2010 ended 31/03/2009
MAGNUM SECTOR FUNDS UMBRELLA - EMERGING BUSINESS FUND
1. NAV per unit (Rs.):
Open
Dividend Option 7.45 17.77
Growth Option 13.79 32.89
High
Dividend Option 15.50 19.74
Growth Option 34.93 36.54
Low
Dividend Option 8.04 6.21
Growth Option 14.87 11.50
End
Dividend Option 15.47 7.45
Growth Option 34.87 13.79
2. Closing Assets Under Management (Rs. in Lakhs)
End 20,645.94 8,422.76
Average (AAuM) 15,983.40 13,745.70
3. Gross income as % of AAuM1 1.51 2.70
4. Expense Ratio:
a. Total Expense as % of AAuM (plan wise) 2.40 2.39
b. Management Fee as % of AAuM (plan wise) 1.16 1.17
5. Net Income as a percentage of AAuM2 (3.10) (0.16)
6. Portfolio turnover ratio3 1.98 0.53
7. Total Dividend per unit distributed during the year / period (plan wise) 2.50 Nil
8. Returns:
a. Last One Year
Scheme
Growth 152.68 (58.04)
Benchmark - BSE 500 96.38 (42.77)
b. Since Inception
Scheme
Growth 25.31 7.36
Benchmark - BSE 500 22.54 10.45
1. Gross income = amount against (A) in the Revenue account i.e. Income.
2. Net income = amount against (C) in the Revenue account i.e. NET REALISED GAINS / (LOSSES) FOR THE YEAR / PERIOD
3. Portfolio Turnover = Lower of sales or purchase divided by the Average AuM for the year/period.
4. AAuM=Average daily net assets
### Total Expenditure does not include loss on sale/redemption of investments, loss on inter-scheme tranfer/sale of investments, net change in
unrealised depreciation in value of investments, deferred revenue expenditure amortised and Provision for Doubtful Debt, Income, Deposits.