Fundcard

SBI Small & Midcap Fund - Direct Plan

Value Research Fund Rating as on Feb 28, 2018

Open-ended and Equity: Small Cap

Risk Grade – Below Average

Return Grade – High

NAV – Rs. 57.88 as on Mar 23, 2018

Net Assets – Rs. 849.7 crore as on Feb 28, 2018

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SBI Small & Midcap Fund - Direct Plan
Rating: Fund Performance Vs S&P BSE Small Cap
Risk: Below Average
Return: High

Fund
S&P BSE Small Cap
(Rebased to 10,000)

History 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
NAV (Rs) - - - - - 13.73 29.21 35.72 36.66 66.16 57.88
Total Return (%) - - - - - - 112.77 22.29 2.64 80.44 -12.51
+/- S&P BSE Small Cap - - - - - - - - - - -
+/- S&P BSE Sensex - - - - - - 82.88 27.32 0.69 52.53 -8.22
Rank (Fund/Category) - - - - - - 1/78 1/36 26/34 1/22 15/22
52 Week High (Rs) - - - - - 13.73 29.21 35.72 41.66 66.47 -
52 Week Low (Rs) - - - - - 11.14 13.47 28.43 29.76 36.95 -
Net Assets (Rs.Cr) - 21.07 10.50 12.13 28.72 12.53 144.26 711.78 779.86 852.83 -
Expense Ratio (%) - - - - - - - - 1.36 1.69 -

Top Holdings Quarterly Returns (%)

Company Sector P/E YTD % Assets Q1 Q2 Q3 Q4 Year

Westlife Development Services -8.76 6.56 2017 16.71 8.32 12.11 27.32 80.44
Kirloskar Oil Engines Automobile 32.60 -11.53 5.01 2016 -9.40 8.94 9.67 -5.17 2.64
LT Foods FMCG 69.00 -8.18 4.84 2015 0.43 6.17 2.57 11.82 22.29
Techno Electric & Engg Construction 31.00 -7.05 4.47 2014 11.28 31.38 21.06 20.21 112.77
Hawkins Cookers Cons Durable 30.70 -11.42 4.35 2013 - 1.66 -1.06 13.45 -
Disa India Engineering 57.60 -0.80 4.32
Power Mech Projects Engineering 21.20 15.01 4.11 Trailing Returns (%)
Alembic Healthcare 37.40 -6.23 4.10 Return Rank S&P BSE SIP
Tamil Nadu Newsprint FMCG -25.67 3.90 Fund Category Fund/Cat Small Cap Return
Great Eastern Shipping Co. Services 15.60 -16.84 3.87 Year-to-Date -12.51 -10.61 15/22 -12.63 -
Orient Refractories Ltd. Construction 24.90 -4.04 3.74 3-Month -12.58 -9.97 19/22 -11.53 -53.40
Elgi Equipments Engineering 56.20 -18.74 3.64 6-Month 12.17 5.73 3/22 3.12 -13.09
Ashiana Housing Construction 25.70 -17.29 3.45 1-Year 37.25 21.28 1/22 19.77 21.57
Hatsun Agro Products FMCG 82.70 -14.31 3.41 2-Year 34.03 27.44 4/22 26.48 31.36
Thangamayil Jewellery Cons Durable 29.50 -18.00 3.30 3-Year 26.01 18.13 1/20 16.14 28.29
Camlin Fine Sciences Chemicals -22.90 3.23 5-Year 37.17 30.94 - 23.79 34.94
Relaxo Footwears FMCG 51.50 -9.41 3.16 7-Year - -
- - -
Pilani Investment & Inds. Financial 56.60 -17.86 2.83 10-Year - - - - -
Nesco Diversified 23.20 2.76 2.78 Return less than 1-year are absolute and over 1 year are annualised
UFO Moviez Services 17.50 -29.10 2.77
Garware-Wall Ropes Textiles 21.10 -6.25 2.45 Top 10 Sector Weights (%) Risk Analysis
Fairchem Speciality Chemicals 99.60 -24.26 2.26 Volatility Measurements
Fund S&P BSE Small
Cap
Gufic Biosciences Healthcare 44.10 -13.27 2.22
FMCG 19.41 - Standard Deviation 17.18
Deepak Nitrite Chemicals 41.00 7.74 2.15
Galaxy Surfactants FMCG 52.50 2.12 Services 13.20 - Sharpe Ratio 1.33
Engineering 12.07 - Beta 0.79
FUND STYLE Construction 11.66 - R-Squared 0.39
Portfolio Characteristics Investment Style Cons Durable 7.65 - Alpha 19.09
Growth Blend Value
Total Stocks 30 Chemicals 7.64 -
Large Medium Small

Avg Mkt Cap (Rs.Cr) Composition (%)

Capitalisation

2628 Automobile 6.88 -

Portfolio P/B Ratio 3.46 Healthcare 6.32 - Equity 98.30
Portfolio P/E Ratio 33.09 Financial 4.85 - Debt 1.43
3Y Earnings Growth (%) 2.83 Textiles 4.57 - Cash 0.27
Returns as on March 23, 2018, Portfolio related data as on February 28, 2018
Best Performance Value Research Analysis Fund Objective & Strategy
YEAR 127.97%
This fund has beaten its benchmark five out of the seven years since its The scheme seeks to
launch. A substantial boost to performance in the last one year has earned generate income and long-
it a five star rating within the small-cap category. The fund has
term capital appreciation by
considerable flexibility to rove across the small and mid-cap segments of
the market to unearth its bottom-up picks. As per its mandate, the fund investing in a diversified
needs to maintain a minimum of 50 per cent in small- caps and a minimum portfolio of predominantly
of 30 per cent in mid-caps, with the allocations capped at 70 per cent and equity and equity-related
40 per cent, respectively. The fund looks for five attributes in the stocks securities small & midcap
QUARTER 33.48% it buys: competitive advantage, return on capital, growth, management,
companies.
and valuation. While all five may not be available, the fund evaluates
every company on relative ratings on these variables. The fund uses a
blend of growth and value metrics to home in on stocks. In practice, the
fund has held 65 to 75 per cent of its portfolio in small caps, with the rest
in mid-caps and hardly any large-cap allocation. The fund boasts
significant outperformance of the small-cap category over one, three, five
as well as seven year time frames. For three and five years, the margin
MONTH of outperformance against the benchmark has been hefty, at 11 to 16
20.58%
percentage points. It has also outpaced the category by 8 percentage
points. The fund's stock picks in the small-cap space in the past couple
of years have been behind the strong performance. The fund is among
the few in this space to remain at an easy to manage size at Rs 908 crore
as on January 2018. An emerging star in the category.
Portfolio Manager

R. Srinivasan
Worst Performance Since Nov 2013

YEAR -1.53%

QUARTER -13.04%

MONTH -11.68%
Investment Information

AMC : SBI Funds Management Ltd Min Investment (Rs.) : 5000

Website : www.sbimf.com Min SIP Investment (Rs.) : 500
Registrar : Computer Age Management Services Ltd. Exit Load : 1% for redemption within 365 days
Launch : January 2013
Benchmark : S&P BSE Small Cap
All the graphs are rebased to 10,000 Plans (NAV) : Dividend (39.51) , Growth (57.88)

NAV S&P BSE Small Cap

How to Read the Fundcard - Equity

Value Research Rating, Risk and Return

z Fund Rating — The Value Research Fund Rating is a 1 to 5 star rating that is based on the returns that an equity fund has generated over the pre-
vious three and five years, while taking into account the risks that the fund has taken. This rating is relative to other fund of the same type.
z Risk Grade — A five-step grading of the riskiness of a fund, based on the losses it has suffered during the past five years. This grade is relative to
other fund of the same type.
z Returns Grade — A five-step grading of the returns of a fund. This grade is relative to other fund of the same type.

History
Fund Performance Vs Index
Data on the fund’s performance Sample Mutual Fund
since its launch. Graph of how an investors’ money
Rating:  Fund Performance Vs S&P CNX Nifty
z NAV (Year End) — The last Risk: Low 90000
would have grown in the fund since
NAV of each year. Return: Above Average its launch. A similar graph of the
70000
z Total Return — The percent- Fund
fund’s benchmark index is also
age returns that an investor S&P CNX Nifty
50000
given. For ease of comparison,
would have got over the (Rebased to 10,000) 30000 both have been adjusted to start at
year. 10000
10,000.
z +/- — In the given year, a History 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008

comparison of the fund’s NAV (Rs) - - - - 10.33 19.71 23.94 33.94 50.13 81.34 41.89
Total Return (%) - - - - - 90.80 21.46 41.77 47.70 62.26 -48.50
returns with that of two stock +/-S&P CNX Nifty (%) - - - - - 18.90 10.78 5.43 7.87 7.49 3.29
market indices +/-BSE 200 (%) - - - - - -3.67 5.77 7.97 8.12 1.82 7.96
Rank (Fund/Category) - - - - - 54/70 50/79 65/101 27/145 71/162 34/192
z Rank — The fund’s perform- 52 Week High (Rs) - - - - 10.33 19.71 23.94 33.94 50.76 81.46 83.52
ance rank within its category 52 Week Low (Rs) - - - - 8.84 9.91 16.36 22.34 32.26 46.06 36.49

for the year and the total Net Assets (Rs.Cr)

Expense Ratio (%)
-
-
-
-
-
-
-
-
51.40
2.49
15.15
2.50
9.11
2.50
140.54
2.50
124.74
2.50
374.84
2.35
343.03
2.31
number of funds out of Top Holdings Quarterly Returns (%) Quarterly Returns (%)
which it has been ranked. Company Sector P/E 2008 Ret % Assets Q1 Q2 Q3 Q4 Year

z 52-Week NAV Range — The Bharti Airtel Communication 18.56 -28.10 6.49 2008 -24.24 -14.18 -2.23 -18.97 -48.50 The funds’ returns over each quar-
highest and the lowest NAV
Reliance Industries
ONGC
Energy
Energy
11.50
8.31
-57.30
-46.00
5.42
4.50
2007
2006
-1.42
19.42
14.53
-7.25
16.01
19.39
23.88
11.70
62.26
47.70
ter of the last five years, along with
that the fund recorded dur- HDFC Bank Financial 20.67 -42.26 3.93 2005 -0.04 6.52 23.26 8.02 41.77 the entire year’s returns.
HDFC Financial 17.10 -48.21 3.51 2004 0.71 -13.50 15.08 21.15 21.46
ing that year Satyam Computer Services Technology 7.86 -62.12 3.16
Trailing Returns (%)
z Net Assets — The total
ITC FMCG 21.00 -18.47 2.72
Axis Bank Financial 10.42 -47.82 2.70 Return Rank S&P SIP
amount of investor’s assets Infosys Technologies Technology 14.29 -36.79 2.64 Fund Category Fund/Cat CNX Nifty Return
United Spirits FMCG 23.26 -55.48 2.34
that the fund was managing
Year-to-Date -48.50 -55.29 34/192 -51.79 -40.18
ICICI Bank Financial 9.49 -63.62 2.26 3-Month -18.97 -22.88 41/213 -24.53 -0.86
at the end of the year. Dr. Reddy's Lab
State Bank of India
Health Care
Financial
13.61
9.39
-36.12
-45.67
2.19
2.13
6-Month -20.78 -27.09 38/209 -26.76 -33.43
Trailing Returns (%)
1-Year -48.50 -55.29 34/192 -51.79 -40.18
z Expense Ratio — The per- Crompton Greaves Engineering 12.29 -65.84 2.12 2-Year -8.59 -16.06 22/158 -13.63 -24.19

centage of the average daily

Indian Oil Energy -- -46.33 1.95 3-Year 7.27 -1.39 12/134 1.42 -9.43 Performance data for various stan-
Cipla Health Care 22.87 -12.09 1.70
assets that the fund charged Sterlite Industries Metals 11.81 -74.80 1.61
5-Year
7-Year
16.27 12.91
- -
19/67
-
9.50
-
9.90
-
dard periods. All returns are in per-
as its management expens-
Reliance Communications
Jindal Steel & Power
Communication
Metals
22.87
7.07
-69.56
-70.31
1.51
1.46
10-Year - - - - - centage. Periods greater than a
Return less than 1-year are absolute and over 1 year are annualised
es during the year. Larsen & Toubro Diversified 17.65 -62.88 1.43
Top 10 Sector Weights (%) Risk Analysis year are annualised, shorter peri-
ods are not.
Zee Entertainment Services 16.01 -57.45 1.41
CESC Energy 6.21 -62.11 1.37 Fund Nifty Volatility Measurements
Tata Consultancy Services Technology 12.79 -55.87 1.36 Financial 16.24 11.90 Standard Deviation 28.32 z Fund — The fund’s own
ING Vysya Bank Financial 8.89 -50.78 1.35 Energy 14.67 37.49
Nestle India FMCG 26.11 -3.14 1.23 Communication 8.00 11.34
Sharpe Ratio
Beta
0.21
0.88
returns.
Top Holdings Portfolio Characteristics FUND STYLE
Technology
FMCG
7.16
6.29
10.95
6.85
R-Squared 0.96 z Category — The average
Investment Style
Growth Blend Value Health Care 5.00 2.74
Alpha 4.77
returns for all funds in the cate-
A detailed report on the latest Total Stocks 39
Engineering 4.01 5.26
gory.
Large Medium Small

Avg Mkt Cap (Rs.Cr) 28180 Composition (%)

Capitalisation

investment portfolio that the fund Portfolio P/B Ratio 3.03

Metals 3.07 4.43
Equity 71.37
Services 2.93 0.28
z Rank — The funds rank, out of
is holding. For each company, Portfolio P/E Ratio 13.70 Diversified 1.43 2.97 Debt 18.46
3Y Earnings Growth (%) 9.80 Cash 10.17 the total number of funds in the
the sector, the P/E ratio, and the Returns as on 31st December 2008, Portfolio related data as on 30th November 2008
category
year’s returns are given. Also
z Index — The returns of the
stated is the percentage of the
fund’s benchmark index.
fund’s investments that are
z SIP Return (Annualised) —
invested in that company.
The return that an investor
would have made by investing
in the fund’s monthly systemat-
Portfolio Characterstics Fund Style Top 10 Sector Composition (%) ic investment plan over the
Weights (%) period.
Aggregate measures regarding A nine-cell matrix of the overall style The proportion of
the fund’s investments. The mar- of investment that the fund follows, The percentage of the fund’s holdings
ket capitalisation, P/B ratio and based on its latest portfolio. On the the equity invest- that are held in
P/E ratio are weighted averages vertical axis, the three steps denote ments of the fund each of the three
of the latest numbers of the com- the weighted average market capital- that fall under each basic types of
panies that the fund is invested isation of the fund’s investments. The sector of the econo- assets. Risk Analysis
in. Three Year Earnings Growth horizontal axis denotes, on a weight- my. The top 15 sec-
is the weighted average of the ed average basis, whether the com- tors for each fund A range of statistical measures that
compounded average growth in panies that the fund has invested in are given. can be used to evaluate the per-
the net profits of each company. are value stocks, growth stocks, or a formance, risk, and return of a
blend of the two. mutual fund.