1. Flow of the presentationMidcap biased portfolioStocks StoryPerformance and Risk AnalyticsFund Details

2. Long Term TrendsCAGR returns since Jan 03, 2005Volatility since Jan 03, 200525%Daily standard deviation (%) 40%20% Percentage 30%15% 20%10%5% 10%0% 0% BSE SensexBSE MidcapBSE Smallcap BSE Sensex BSE MidcapBSE SmallcapBSE Sensex, BSE Midcap and BSE Small cap haveDaily volatility over long term of BSE Sensex,delivered similar returns in last 6 years. BSE Midcap and BSE small cap is very Similar BSE Sensex, BSE Midcap and BSE Small cap show very similar characteristics over a long period. Risk, Returns imply that investments over a long periods are capitalization agnostic. But long term trends results are derived on various short term trends.Source: BSE & internal calculation. Data as on 31.12.2010 3. Short Term TrendsYearly Returns Yearly Volatility 150%60%Daily standard deviation (%) 100% 40% Percentage 50% 20%0% -50% 2005 2006 200720082009 2010 0%20052006 20072008 2009 2010-100% Sensex Midcap SmallcapSensex Midcap Smallcap In upward trending markets generally midcapsIn 2007, 2008 and 2009 largecaps were more volatileoutperform largecaps than midcaps In downward trending markets, generally In 2010 Midcaps had marginally higher volatilitylargecaps outperform midcaps than largecaps Constant monitoring , review & active allocation between different market cap indices canoutperform long term trendsSource: BSE & internal calculation. Data as on 31.12.2010 4. Midcap Portfolio 5. Bottom up midcap allocation 6. Bottom up stock selection process for Mid CapsSell-SideQuantitative ToolsPrimaryResearch Business Outlook ManagementValuations ManagementValuationsInteractionStress Earnings TestingModel 7. Drivers of stock selectionThe stock selection is tilted towards following factors Strong Business FranchiseHigh Returns on Capital High Barriers to Entry Secular Business Models Buy and Hold Strategy 8. Some stocks in the portfolio 9. REDINGTON (INDIA) LTD160150Price movements with base 100140130120110100 90 80Jan-10 Feb-10 Mar-10 Apr-10 May-10Jun-10Jul-10 Aug-10Sep-10 Oct-10Nov-10Dec-10 Jan-11RedingtonBSE 100 Beneficiary of the market potential in India, Middle East and Africa Dominant player in India with a 30% market share High RoE and demonstrated process discipline Stock is being held in the portfolio of the scheme as on date & may/may not be in the portfolio in the future depending on the fund house view on the stock. This should not be construed as recommendation to buy/sell the stock in any way. Past performance may or may not be sustained in future.Source: Bloomberg & BSE. Data as on 31.12.10 10. BOSCH LIMITED150Price movements with base 100140130120110100 90 80Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10Jan-11BoschBSE 100 Impeccable pedigree High technological barriers and growth prospects in user segments Quality earnings, conservative accounting policies and a strong balance sheetStock is being held in the portfolio of the scheme as on date & may/may not be in the portfolio in the future depending on the fund house view on the stock.This should not be construed as recommendation to buy/sell the stock in any way. Past performance may or may not be sustained in future.Source: Bloomberg & BSE. Data as on 31.12.10 11. MRF LTD160150Price movements with base 100140130120110100 90 80Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10Aug-10Sep-10 Oct-10Nov-10Dec-10 Jan-11MRF BSE 100 One of the larger players in the domestic tyre market Conservative management; growth through internal accruals Appealing contra bet based on absolute valuations Stock is being held in the portfolio of the scheme as on date & may/may not be in the portfolio in the future depending on the fund house view on the stock. This should not be construed as recommendation to buy/sell the stock in any way. Past performance may or may not be sustained in future. Source: Bloomberg & BSE. Data as on 31.12.10 12. In a Nut Shell: Magnum Global Fund Portfolio Large cap PortfolioMidcap Portfolio Hedge against falling Bottom up stock selection markets Buy and hold strategy Create liquidity in the portfolio 13. Fund Details 14. Investment Management ProcessStock UniverseQuant Screening Fundamental analysis Investment UniverseFundRisk Controls MandatePortfolio 15. Fund DetailsBenchmark: CNX MidcapInception Date:September 30, 1994Load Structure:For exit within 1 Year from date of allotment- 1% For exit after 1 Year from date of allotment- NilMinimum Investment:Rs. 2000 Normal Asset AllocationNormal Allocation (% of Net Assets) Risk ProfileType of InstrumentEquity Partly convertible debentures and fullyconvertible debentures and Bonds 80-100%Medium to HighMoney Market instruments0-20%Low 16. Fund DetailsAsset AllocationSector Exposure2.80 5.64 14.9210%5.08 0.80 22%8.82 2.299% 12.2219.94 3.381.7613.09Automobiles EnergyConstructionConsumer Goods59% I.T Financial ServicesIndustrial ManufacturingPharmaServicesTextileLarge Cap Mid Cap Small Cap Other current assetsCement & Cement Product Media & Entertainment Overweight in services, automobile and media & Skewed towards Mid Cap for alpha playentertainment sectorData as on 30.04.2011 17. Funds Details Top 10 Holdings Dividend HistoryLAST DIVIDENDSDividend (inNAV as on record STOCK% Of NAV Record Date Rs./Unit) date (Rs.)REDINGTON (INDIA) LTD 4.94%BOSCH LIMITED ( PREV. MOTOR INDUSTRIES 12-Mar-10 5.00 27.52COMPANY LIMITED)4.32%MRF LTD 4.07%BLUE DART EXPRESS LIMITED 3.89% 23-Mar-07 5.00 27.34ASIAN PAINTS LIMITED3.83%SKF INDIA LIMITED 3.38%BLUE STAR LTD 3.26%30-June-054.20 15.01CADILA HEALTHCARE LIMITED 3.15%GLAXOSMITHKLINE CONSUMER HEALTHCARE LIMITED 3.12%LUPIN LIMITED 3.11%Top 10 stocks comprise 37.07% of the fund Data as on 30.04.2011 18. RISK & PERFORMANCE ANALYSIS 19. Performance Analysis CAGR Return25.00% 21.42%20.00%19.12%15.00% 10.71%10.00%5.43% 5.40% 5.00%3.24% 0.00% 1 year3 years 5 years FundBenchmarkPast performance may or may not be sustained in future. Returns are CAGR calculatedfor dividend option and assumed that the dividend declared under the scheme havebeen reinvested at the prevailing NAV. Growth option was introduced on 27th June2005. NAV (Growth ) as on 30/04/2011 is Rs. 57.06. Date of inception is 30thSeptember 1994. Source: MFI Explorer. Data as on 30/04/2011 20. Synopsis Predominantly mid cap fund Benchmark aware but with no specific active stock limits Bottom up strategy based on stock selection rather than sector calls Defensive portfolio, due to the nature of stocks owned 21. Risk AnalysisQuantitative Data RatioStandard Deviation41.49%Beta 1.03R-Squared0.94Sharpe Ratio 0.14Portfolio Turnover 0.84Expense Ratio2.05 Data as on 30.04.2011 Source: Crisil fund Analyser 22. Biographies Mr. Navneet Munot Mr. Navneet Munot joined SBI Funds Management Pvt. Ltd. as Chief Investment Officer in Dec. 2008. Most recently he was the Head of Multi Strategies fund at Morgan Stanley Investment Management. Prior to joining Morgan Stanley Investment Management, he worked as the Chief Investment Officer (Fixed Income and Hybrid Funds) of Birla Sun Life Asset Management Company Ltd. Several funds managed by Navneet got recognition for their consistent superior risk-adjusted performance and won several awards from independent agencies such as CRISIL, CNBC TV 18, ICRA, Reuters Lipper and got top ranking in Value Research. Navneet has been associated with the financial services business of the Birla group for over 13 years and worked in various areas such as fixed income, equities and foreign exchange. His articles on matters related to financial markets have widely been published. Navneet holds a Masters in Commerce and is also a rank holder Chartered Accountant. He is a charter holder of Chartered Financial Analyst Institute, US and Chartered Alternative Analyst Institute, US. He has also done Financial Risk Management, FRM from Global Association of Risk Professionals (GARP). Mr. R. Srinivasan Mr. R Srinivasan is the fund manager of the scheme. He started his career in 1992 with Capital Market Publications and subsequently worked on the Sell side with Indosuez WI Carr, Motilal Oswal Securities and Sunidhi Consultancy. He moved to the Buy side with Oppenheimer & Co (now Blackstone) and later joined Principal PNB Mutual Fund. Prior to joining SBIMF he was with Future Capital Holdings. He has completed his post graduation in Commerce and holds a Financial Management degree from the Mumbai University 23. DisclaimerRisk Factors: Mutual Funds and Securities Investments are subject to market risks and there is noassurance or guarantee that the schemes objectives will be achieved. As with any other investmentin securities, the NAV of the Magnums/Units issued under the scheme(s) may go up or downdepending upon the various factors and forces affecting the securities market. Past performance ofthe Sponsor/AMC/Mutual Fund/Scheme(s) and their affiliates do not indicate the future performance ofthe Scheme(s) of the Mutual Fund. Investment Objective: Magnum Global Fund (An open endedequity scheme) - To provide the investors maximum growth opportunity through well researchedinvestments in Indian equities, PCDs, and FCDs from selected industries with high growth potential, andBonds. Magnum Global Fund is only the name of the schemes and does not in any manner indicatethe quality of the scheme, its future prospects and returns. Statutory details: SBI Mutual Fund hasbeen set up as a trust under the Indian Trusts Act, 1882. State Bank of India (SBI), the sponsor is notresponsible or liable for any loss resulting from the operation of the schemes beyond the initialcontribution made by it of an amount of Rs. 5 lakhs towards setting up of the mutual fund. AssetManagement Company: SBI Funds Management Private Limited (A joint venture between SBI andSocit Gnrale Asset Management). Trustee Company: SBI Mutual Fund Trustee Company Pvt. Ltd.Please read the Scheme Information Document carefully before investing.