Sundaram BNP Paribas Asset Managementwww.sundarambnpparibas.in
A member of
November 2008
Sundaram BNP Paribas Asset Management
Sundaram BNP Paribas Asset Management2www.sundarambnpparibas.in
Quick background
Investment manager for Sundaram BNP Paribas Mutual Fund sponsored by Sundaram Finance & Newton Group in 1996. Newton exited in 2002
BNP Paribas Asset Management (BNPP AM) became a partner in 2006
The company is now a joint venture between
Sundaram Finance (50.1 % stake)
BNPP AM (49.9 % stake)
The sponsors have an equal say in management and offer significant synergy
An experienced local asset manager in India
Track record of close to 12 years
60 per cent is in equity assets
A team of 20 investment professionals
Expertise in equity & fixed-income
Acclaimed funds
Website: www.sundarambnpparibas.in
Sundaram BNP Paribas Asset Management3www.sundarambnpparibas.in
Custodians
SEBI
Sundaram Finance Limited
BNP Paribas Asset Management
Sundaram BNP Paribas Trustee Company Limited
Sundaram BNP Paribas Asset Management Company Limited
Sundaram BNP Paribas Mutual Fund C A M S
Standard Chartered / HDFC Bank / HSBC
Sponsors
Investment ManagerTrustee
Mutual FundTransfer Agent
Structure for mutual fund business
Investor
Sundaram BNP Paribas Asset Management4www.sundarambnpparibas.in
Sundaram BNP Paribas Mutual Fund
Organised as a Trust
Sundaram BNP Paribas Asset Management
Company
• Investment manager for mutual fund
• Investment advisory
• Portfolio management services
Sundaram BNP Paribas Trustee
Company
Launches funds
• Safeguard interest of investors in the mutual fund
• Oversight of the Investment Manager Ownership
Role profile & ownership pattern
Sundaram Finance (50.1%)
BNP Paribas Asset Management (49.9%)
Sundaram BNP Paribas Asset Management5www.sundarambnpparibas.in
BNP Paribas Investment Partners
Mon
ey m
arke
ts
Euro
pean
fixe
d in
com
e
Equit
ies
Index
ed m
anag
emen
t
Structured investments
Multi-management
Wealth management
Employee retirem
ent
Funds of hedge funds
Hedge funds
Currency management
Credit and structured credit
Private equity
Global fixed income
Environmental
Asset Allocation
& savings schemes
New
mar
kets
A member
Sundaram BNP Paribas Asset Management6www.sundarambnpparibas.in
Vision, Mission & Philosophy
To take the least cost and most effective solution
Never ever take short cuts
Admit and share mistakes - internally
Take necessary steps to avoid repetition of work
Respect others, their needs, religion and sentiments
Be on time always
Communicate freely and maintain confidentiality
Develop and maintain trust
Work as a coherent team
To be a significant
player in the Indian
asset management
space and be one of the
top ten asset managers
To provide people
the best experience
in accessing
financial markets
• Respect others, their needs and sentiments
• Develop and maintain trust
• Communicate freely and maintain confidentiality
• Be on time always
• Never ever take short cuts
• Admit and share mistakes …
Sundaram BNP Paribas Asset Management7www.sundarambnpparibas.in
Bouquet of well-defined products
Equity Funds
Select Focus
Select Mid Cap
Select Small Cap
Growth Fund
India Leadership
S.M.I.L.E. Fund
Equity Multiplier
Tax Saver
Balanced Fund
Select Thematic Funds
Capex Opportunities
Rural India
Energy Opportunities
Financial Services Opportunities
Entertainment Opportunities
Fund of Funds
Global Advantage
Fixed- Income Funds
Money Fund
Liquid Plus
Bond Saver
Floating Rate Fund – Long Term & Short Term
Fixed Term Plans
Capital Protection 3 years
Capital Protection 5 years
Monthly Income Plan
S.M.I.L.E. denotes Small & Medium Indian Leading Equities
Monthly Income Plan is not an assured income scheme
Sundaram BNP Paribas Asset Management8www.sundarambnpparibas.in
Products on risk-return spectrum
Risk-return map for products based
on relative returns and risk and
does not provide any indication
about performance in the future LOW
HIGH
India Leadership
S.M.I.L.E
Rural India
Global Advantage
Tax Saver
Select Midcap
Select Focus
Growth
Floating Rate-Long-Term
Floating Rate-Short-Term
Money Fund
Monthly Income Plan
Balanced
Fixed Term Plans
Bond Saver
Energy Opportunities
Equity Multiplier
Liquid Plus
Capex Opportunities
Select Small Cap
Financial Services Opportunities
Entertainment Opportunities
Sundaram BNP Paribas Asset Management9www.sundarambnpparibas.in
Assets under management
Data Source: FactsheetPast performance may or may not be sustained
AUM as on November 30, 2008
Rs Crore
Money Market
12%
Fixed Income
32%
Equity56%
Break up
AUM does not include assets under advisory
AUM Growth in $ Billion
0.1 1.9November 2008August 2001
9371
612
Au
g-0
1
Jan
-02
Jun
-02
No
v-0
2
Ap
r-0
3
Se
p-0
3
Fe
b-0
4
Jul-
04
De
c-0
4
Ma
y-0
5
Oct
-05
Ma
r-0
6
Au
g-0
6
Jan
-07
Jun
-07
No
v-0
7
Ap
r-0
8
Se
p-0
8
Sundaram BNP Paribas Asset Managementwww.sundarambnpparibas.in
A member of
Sponsors1.Sundaram Finance
Sundaram BNP Paribas Asset Management11www.sundarambnpparibas.in
The group was founded by Mr. T V Sundaram Iyengar in 1911 as a bus service
Considered as one of the most respected names in Indian business
Leaders in quality management
Pioneers in employee welfare, customer satisfaction and values
Origin of Sundaram FinanceTVS - a reputed & diversified business group
Sundaram BNP Paribas Asset Management12www.sundarambnpparibas.in
Founded to serve TVS group customers
1954
1970-1990
Established a strong presence in financing commercial vehicles
1990s-
Targeted capture of retail space in financial services
Reliance on organic growth and joint ventures with foreign partners to capitalise on new opportunities
Established in 1954 as a subsidiary of Madras Motor and General Insurance (part of the TVS Group)
Founded by Sri T S Santhanam (1912-2005)
IPO in 1972
Origin of Sundaram FinanceTVS’ automobile business
Sundaram BNP Paribas Asset Management13www.sundarambnpparibas.in
Positive brand experience
Brand survey findings
Perceived as higher on all parameters reinforcing positive experience
Performance has always exceeded promise
Highest level of word-of-mouth recommendation
Customer loyalty deepens with longer association
Service
OpennessFair play
Integrity Discipline
Relationships Prudence
Sundaram BNP Paribas Asset Management14www.sundarambnpparibas.in
The Sundaram Finance group
Sundaram Finance Distribution Royal Sundaram General Insurance
Sundaram Business Services
Sundaram Info Tech Solutions
LGF Services Limited
Sundaram BNP Paribas Asset Management
Sundaram BNP Paribas Home Finance
Infreight Logistics Solutions
Sundaram BNP Paribas Trustee Company Joint venture between Royal & Sun Alliance UK and Sundaram Finance
Sundaram BNP Paribas Asset Management15www.sundarambnpparibas.in
Key financials of Sundaram Finance
Financial Year
Equity Net-Worth
Receivables Pre-Tax Earnings
Post-Tax Earnings
Dividend Market Cap
Rs Crore Rs Crore Rs Crore Rs Crore Rs Crore % Rs Crore Rs Crore
1991 12 42 458 35 12 25 3 86
1996 24 228 1637 128 65 35 8 547
2003 24 487 2670 82 46 75 18 227
2004 24 523 3093 101 56 70 17 533
2005 28 683 4488 145 76 75 22 675
2006 28 811 5452 227 171 135 38 931
2007 28 878 7070 165 100 105 29 1099
2008 28 1043 8924 303 213 150 42 1610
Figures are only for Sundaram Finance; Increase in equity is only due to conversion of reserves to equity
Source: Annual Report of Sundaram Finance & Earnings Statement for FY 08
Financial Year: April of Year T to March of Year T+1
Sundaram BNP Paribas Asset Managementwww.sundarambnpparibas.in
A member of
Sponsors2.BNP Paribas Asset
Management
Sundaram BNP Paribas Asset Management17www.sundarambnpparibas.in
Global Framework: BNP Paribas group
French Retail Bank
International Retail Banking & Financial
Services
BNL Banca
Commerciale
BNP PARIBAS
Retail Bank Asset Management & Services Corporate & Investment Banking
BNP Paribas Investment Partners
Distribution & Business Development
Investment Management Support Functions
BNP Paribas Securities Service
BNP Paribas Private Bank
BNP Paribas Real Estate
BNP Paribas Assurance
BNP Paribas Personal Investors
Sundaram BNP Paribas Asset Management18www.sundarambnpparibas.in
A world-wide footprint
Asset Management and Client Servicing Centres
Client Servicing Centres
IstanbulParisLondonMilan Madrid
AmsterdamBudapestFrankfurtGenevaLisbonLuxembourgPragueViennaZurich
CasablancaBahrainKuwait
India Hong KongSeoulShanghaiTokyo
BeijingBruneiKuala LumpurMelbourneSingaporeSydneyTaipei
Americas
Middle east / Africa
Europe
AsiaNew YorkBostonSão PauloBuenos AiresMontevideo
Saudi Arabia
Sundaram BNP Paribas Asset Management19www.sundarambnpparibas.in
Expandin
g invest
ment
opport
unit
y s
et
&
expert
ise
Time
1964
BNP and Paribas establish their asset management business
2001
• Overlay AssetManagement (foreign exchange)
• Fauchier Partners(funds of hedge funds)
2003
CooperNeff Alternative Managers(single hedge funds)
2005
• FundQuest (managed a/cs)Exchange Traded Funds (EasyETF)
• Sundaram BNP Paribas Asset Management(India)
• TEB Asset Management(Turkey)
2000BNP and Paribas merge
Multi-specialist approach
1999
Fischer Francis Trees & Watts (global fixed income)
1998• Shinhan
ITMC (Korea)• BMCI
Gestion (Morocco)
2004
SYWG BNP Paribas Asset Management
(China)
2006
BNP Paribas Private Equity
2007
Impax(Environmental markets)
2008
S A I B (Saudi Arabia)
Financial strength as part of BNP Paribas Group
2,250 professionals worldwide in 30 countries
AUM: $ 520 billion as of March 31, 2008
Sundaram BNP Paribas Asset Management20www.sundarambnpparibas.in
• Global Fixed Income
and Credit
Management
• European Fixed
Income
• Total Return
• Money Markets
FIXED INCOME
Expertise that works for you
● Placing the client first by locating our Client Relationship Managers close to their markets● Ensuring suitable investment solutions through dialogue with product specialists
BNP Paribas Investment Partners
• Global and Regional
Equities
• Equities – market
cap and style
portfolios
• Emerging Markets
EQUITY
• Hedge Funds
• Funds of Hedge
Funds
• Private Equity
• Multi-Strategy
• Currency
Management
ALTERNATIVES
• Structured Products
• Indexed Products
• Asset Allocation
• Multi-Management
• Wealth Management
MULTI-EXPERT SOLUTIONS
• Retirement & Saving Schemes
Sundaram BNP Paribas Asset Management21www.sundarambnpparibas.in
Multiple asset classes, diversified client-base
Asset Class
Structured Investments
4%
Indexed Investments
4%
Money Market 18%
Asset Allocation
18%
Alternative & Currency Overlay 7%
Bonds & convertible
s 28%
Equities 21%
Source: BNP Paribas Asset Management; as at March 2008 including assets under advisory
Client Profile
Pension Funds19%
Banks28%
Others8%
Insurance9%
Employee5%
Corporations13%
Central Banks16%
Associations2%
Profile of AUM
AUM: $ 520 billion as of March 31, 2008
Sundaram BNP Paribas Asset Managementwww.sundarambnpparibas.in
A member of
The Sundaram BNP Paribas Edge
Sundaram BNP Paribas Asset Management23www.sundarambnpparibas.in
Fundamentals &Management Assessment
Investment process
Fund Mangers+ Economist RESEARCH TEAM
External ResearchPublished InformationCompany Visit
Recommended List
Internal Investment Committee
Final Fund Portfolio
APPROVED BUY LIST
ExecutiveCommittee
STOCK SELECTIONTop-Down
Approach
Fund Themes Sector and Stock Limits
Bottom-Up Stock Picking
Po
rtfo
lio
Co
nst
ruct
ion
Idea
Flo
w &
R
esea
rch
Ap
pro
val
of
Sto
cks
Best Trade Execution
Risk Management
Norms
Idea Generation
Diversification
Liquidity
An active fundamental approach
Sundaram BNP Paribas Asset Management24www.sundarambnpparibas.in
Robust and transparent investment process
Process is as important as the end result
Process is meant to control emotions
Stay true to defined parameters
All actions should be explainable
A disciplined team approach
To build a group where every member understands the goals
Fund managers are expected to adhere to the investment objectives of individual funds at all times
Clearly defined products
An extensive product range for all risk/return profiles
Quality service
Emphasis on quality at all levels is the key to long-term success
Key strengths
Sundaram BNP Paribas Asset Management25www.sundarambnpparibas.in
Key strengths
Robust in-house research
Ability to
identify ideas early
zero in on the right stocks
show patience
be disciplined in selling
Rigorous risk management and compliance to contain risks without sacrificing performance
Acclaimed track record for several products
Class leading large-cap and mid-cap funds (Select Focus & Select Mid Cap)
High share of equity assets in the AUM
Sundaram BNP Paribas Asset Management26www.sundarambnpparibas.in
The fund management team
Satish Ramanathan, a CFA Charter Holder, is the Head-Equity. He is a graduate from IIT
Chennai and has specialised in Finance & MIS in his MBA. He has extensive experience in the
asset management business with stints in research at Sundaram BNP Paribas Asset
Management and in fund management with Franklin Templeton. He has been involved in
equity research for more than a decade and brings expertise in tracking several key sectors in
the Indian economy.
Satish Ramanathan manages Select Mid Cap, Tax Saver, Select Small Cap, Equity
Multiplier & Entertainment Opportunities
K. Ramkumar is the Head-Fixed Income. He is a science graduate from Madras University
and a Cost Accountant. He is a Certified Associate of Indian Institute of Bankers and has
completed a Diploma in Business Finance from the ICFAI, Hyderabad. He has over 15 years
experience in the Mutual Fund Industry. His prior experience includes 12 years with UTI
Mutual Fund and 4 years with SBI Funds Management.
Ramkumar manages Floating Rate Fund, Bond Saver and is the co-fund manager
for Liquid Plus & Fixed Term Plans.
Sundaram BNP Paribas Asset Management27www.sundarambnpparibas.in
Srividhya Rajesh, a CFA Charter Holder, focuses on the
equity markets. She is also a management graduate from BITS Pilani
and has completed specialized courses in equity research and financial
applications from ICFAI, Hyderabad. She has been with the company
from 1996. A two-year stint at the broking arm of Kotak Mahindra opened
a window to the equity markets.
Srividhya Rajesh manages Select Focus & Capex
Opportunities
J Venkatesan, a Cost Accountant and a Post-Graduate in
Commerce, has an experience of more than two decades in the banking
and asset management businesses. A seven-year stint at Canara Bank
was followed by a shift to the asset management industry through
CanRobeco Mutual Fund. With a rich experience of close to ten years in
fund management, he joined the company in January 2006.
Venkatesan manages Growth Fund, India Leadership, Rural
India, Financial Services Opportunities
S Krishnakumar is an engineer from REC (now National Institute
of Technology), Trichy, he completed his MBA from LIBA, Chennai. He has
worked for 18 years of which the latest eleven years relate to the equity
markets. Before joining our fund house, he was Vice President (Research)
at Anush Shares & Securities.
Krishnakumar manages for the S.M.I.L.E Fund & Energy
Opportunities
Rahul Pal focuses on the fixed-income space. He is a Chartered
Accountant. A three-year stint at IDBI Treasury provided an apt learning
ground on the intricacies of fixed-income market. Rahul then joined
Sundaram BNP Paribas Asset Management with an active role in fund
management.
Rahul Pal manages Money Fund and is the co-fund
manager for Liquid Plus & Fixed Term Plans.
The fund management team
Sundaram BNP Paribas Asset Management28www.sundarambnpparibas.in
Risk management as an independent function ensures effective risk control
Risk management is a complement to the investment process
The objective of the risk management process is to monitor and measure the risks of portfolio construction, diversification and holdings and their contribution to the overall risk profile of each fund with clear definitions of process and procedures
Investment risk:
Market risk: Identification, measurement and control of market risks
Credit risk: Maintenance and control of target limits & risk measurement
Valuation risk: Mark-to-market & definition of processes and methodology
Support to investment team in performance analysis
Risk control parameters for new products & risk disclosures in Scheme Information Document
To perform risk analysis, third-party as well as proprietary tools are used
Risk managementA vital part of the process
Sundaram BNP Paribas Asset Management29www.sundarambnpparibas.in
Establish risk policy
Evaluate performance
Review major risk factors
Confirm risk action plan
Risk Officer
Global Compliance Officer
Monitor internal risk budget
Measure performance
Analyze funds’ risk
Review of new products risk
Risk Committee Compliance Officer
Govern internal control
Compliance monitoring
Review legal documents
New product filings
Share risk policy
Report risk factors on a regular basis
On site review, when and where necessary
• With BNPP AM New Markets CIO,
CRO and BNPP AM Strategist
Discuss investment strategy &
performance and review risk
A clear risk organisationManaging Director
BNPP AM New Markets Monthly Meeting
Risk management
Sundaram BNP Paribas Asset Managementwww.sundarambnpparibas.in
A member of
Relative Performance Card
2007
Awards & Accolades
Track RecordNovember 2008
Sundaram BNP Paribas Asset Management31www.sundarambnpparibas.in
Peer comparison
Fund 2007 Three Months
Six Months
One Year
Two Years
Three Years
Five Years
Growth Fund
Select Focus
Select Mid Cap
Tax Saver
India Leadership
S.M.I.L.E.
Capex Opportunities
Liquid Plus
Returns & Ranking as of December 31 2007; Data Source: Value Research; Quartiles comparison: in house; Past performance is not an indicator of future performance
If there are 100 funds: Q 1:ranks 1-25, Q 2: ranks 26-50, Q3: ranks 51-75 and Q4: ranks 76-100
Quartile 1
Quartile 2
Quartile 3
Quartile 4
Dominant top-quartile presence
Sundaram BNP Paribas Asset Management32www.sundarambnpparibas.in
Returns & Ranking as of December 31 2007; Data Source: Value Research; Quartiles comparison: in house; Past performance is not an indicator of future performance
Fund 2007 Three Months
Six Months
One Year
Two Years
Three Years
Five Years
Growth Fund
Select Focus
Select Mid Cap
Tax Saver
India Leadership
S.M.I.L.E.
Capex Opportunities
Rural India
Equity Multiplier
Select Small Cap
Quartile 1 Quartile
2 Quartile 3
Quartile 4
Comparison with all equity fundsDominant top-quartile presence
Sundaram BNP Paribas Asset Management33www.sundarambnpparibas.in
LIPPER Global Top 100
Fund
For Disclaimers & Risk Factors, please refer slide 38 & 39
Select Focus
CNBC TV18-CRISIL Award Best Large-Cap
Fund 2007 & 2006
CRISIL~CPR 2
ICRA Five-Star Fund
Value Research
LIPPER Global Top 100 Fund
Select Mid CapCNBC TV18-CRISIL
Award Best Diversified Fund
2006
Value Research
Growth
Tax Saver
CRISIL~CPR 1
Value Research
LIPPER Global Top 120 Fund
Awards & accolades
BalancedICRA Five-Star Fund
1-year track record 2007
CRISIL ~ CPR 2
3 - year track record
CRISIL ~ CPR 2
LIPPER Global Top 120
Fund
Rural India
Value Research
Sundaram BNP Paribas Asset Management34www.sundarambnpparibas.in
For Disclaimers & Risk Factors, please refer slide 38 & 39
India Leadership
CNBC TV18-CRISIL Award Best Emerging
Equity Fund 2005
ET Rating: Platinum
ICRA Five-Star Fund
LIPPER Global Top 120 Fund
S.M.I.L.E Fund Capex Opportunities
Awards & accolades
LIPPER Global Top 100 Fund
ICRA Five-Star FundLIPPER Global
Top 100 Funds
CRISIL~CPR 2
CRISIL AAAf Rating
1-year track record 2007
3 - year track recordCRISIL
AAAf RatingMoney Fund CRISIL ~ CPR 2
Liquid Plus
CRISIL~CPR 2
CRISIL~CPR 2Value Research
Value Research
Sundaram BNP Paribas Asset Management35www.sundarambnpparibas.in
Track record of equity funds
Past Performance may or may not be sustained in future
Fund / Index One Year Two Years Three Years Four Years Five Years
Growth Fund -56.5 -16.7 0.7 10.3 14.9
BSE 200 -56.7 -19.6 -1.6 6.8 10.5
Sensex -53.0 -18.5 1.1 9.9 12.5
Tax Saver -46.8 -8.4 6.2 18.2 23.4
BSE 200 -56.7 -19.6 -1.6 6.8 10.5
Sensex -53.0 -18.5 1.1 9.9 12.5
Select Mid Cap -56.5 -20.4 2.8 15.3 20.6
BSE Mid Cap -66.3 -28.9 -11.6 2.1 7.8
CNX Mid Cap -58.6 -19.2 -4.8 5.9 11.0
Select Focus -50.6 -8.6 9.6 18.0 19.6
Nifty -52.2 -16.5 1.3 8.9 11.3
Sensex -53.0 -18.5 1.1 9.9 12.5
India Leadership -56.2 -17.6 0.0 12.6
Nifty -52.2 -16.5 1.3 8.9
BSE 500 -58.1 -20.6 -2.6 6.6
Benchmark highlighted in italicsComputed using NAV of Growth Option. Returns in % and as of November 2008
Sundaram BNP Paribas Asset Management36www.sundarambnpparibas.in
Fund / Index One Year Two Years Three Years
S.M.I.L.E. Fund -57.6 -16.1 -1.6
CNX Mid Cap -58.6 -19.2 -4.8
BSE 500 -58.1 -20.6 -2.6
Capex Opportunities -62.3 -17.0 3.7
BSE Capital Goods -67.5 -15.5 5.1
BSE 500 -58.1 -20.6 -2.6
Rural India -60.0 -21.3
BSE 500 -58.1 -20.6
Sensex -53.0 -18.5
Equity Multiplier -55.6
CNX Mid Cap -58.6
Sensex -53.0
Select Small Cap -62.4
BSE Small Cap -68.6
BSE Mid Cap -66.3
Computed using NAV of Growth Option. Returns in % and as of November 2008
Past Performance may or may not be sustained in futureBenchmark highlighted in italics
Track record of equity funds
Sundaram BNP Paribas Asset Management37www.sundarambnpparibas.in
8.9 8.9 8.9
10.3
9.010.0
1 Month 15 Days 1 Week
Track record of fixed-income funds
Past Performance may or may not be sustained in future Computed using NAV of Growth Option. Returns in %, as on November 30, 2008
Money Fund
Liquid Plus
Floating Rate-Short Term
Fund
Benchmark
For track record of other funds please refer factsheet
9.5 9.3 9.410.3
9.310.0
1 Month 15 Days 1 Week
9.7 9.610.410.3
9.310.0
1 Month 15 Days 1 Week
Sundaram BNP Paribas Asset Management38www.sundarambnpparibas.in
Disclaimer
The disclosures, disclaimer and risk factors highlighted on this page are also available at www.sundarambnpparibas.in. A reference to this disclosures & disclaimer page may also be appended as a hyper-link to e-mails sent on behalf of Sundaram BNP Paribas. Asset Management and this page at www.sundarambnpparibas.in can be accessed by clicking on the hyperlink appended to such e-mails. If you reach this page at www.sundarambnpparibas.in through a hyperlink contained in a communication issued by Sundaram BNP Paribas Asset Management, this page must be treated an integral part of that communication. Please note his page contains important information that you must read. Past performance may or may not be sustained in future. Past performance is no guarantee of future result. Mutual Fund Investments are subject to market risks. Please read the offer document carefully before investing. For more details on fund-specific features, detailed risk factors and information on Sundaram BNP Paribas Asset Management, please read the Offer Document and/or visit www.sundarambnpparibas.in. Copy of the offer document, key information memorandum and application form may also be obtained from the offices / investor service centres of Sundaram BNP Paribas Asset Management, its distributors and online. Scheme-Specific Risk Factors: Applicable for all funds: Change in Government policy in general and changes in tax benefits applicable to mutual funds may impact the returns to Investors. For any overseas investments: country risk, currency risk and geopolitical risk, to name a few (Not applicable for Sundaram BNP Paribas Tax Saver and income schemes). Sundaram BNP Paribas Select Focus: Higher volatility due to a concentrated portfolio Sundaram BNP Paribas Select Mid Cap: Lack of liquidity at times and volatility Sundaram BNP Paribas Select Small Cap: Illiquidity risks are higher and may lead to higher impact costs. Impact costs are different from brokerage and custodian charges and not be minimised or eliminated. Unlisted equity can also affect liquidity. Prices may be more volatile. Greater sensitivity and vulnerability of smaller companies to changing economic conditions, lack of depth in management, difficulty in raising funds and be developing or marketing new products or services, outdated technologies, lack of bargaining power with suppliers, low entry barriers and issues of transparency and corporate governance enhance risks associated with small-cap stocks. Sundaram BNP Paribas Small and Medium Indian Leading Equities Fund (S.M.I.L.E) Fund: Small-cap stocks are generally more illiquid. Sundaram BNP Paribas Equity Multiplier: Risk of non-diversification Sundaram BNP Paribas Select Thematic Funds Capex Opportunities: Long gestation periods; pace at which investments materialize; incidence of taxation, government policy & firm-level inefficiency. Sundaram BNP Paribas Select Thematic Funds Rural India Fund:Vagaries of nature such as erratic monsoon, failure of crop & drought, to name a few; cyclical / seasonal factors. For any overseas investments relevant to rural-theme: country risk, currency risk and geopolitical risk. General Risk Factors:All mutual funds and securities investments are subject to market risks, and there can be no assurance or guarantee that fund's objectives will be achieved. NAV may go up or down, depending on the factors and forces affecting the securities market. Main types are market risk, liquidity risk, credit risk and systemic risks.At times, liquidity of investments may be impaired. There is uncertainty of dividend distribution and risk of capital loss. Past performance of the Sponsor/Asset Management Company/Fund does not indicate the future performance. Investors in the schemes are not being offered any guaranteed or indicated returns. The names of the schemes do not in any manner indicate either quality or future prospects and returns. Statutory: Mutual Fund: Sundaram BNP Paribas Mutual Fund is a trust under Indian Trusts Act, 1882 Sponsors (Liability is limited to Rs 1 lakh): Sundaram Finance Ltd & BNP Paribas Asset Management. Investment Manager: Sundaram BNP Paribas Asset Management Company Ltd. Trustee: Sundaram BNP Paribas Trustee Company Ltd. Lipper Top 100 Ranking: Five funds of Sundaram BNP Paribas Asset Management has featured in the World's 100 top-performing equity funds of Lipper as per a report provided by global fund intelligence agency Lipper, a Thompson Reuters Company. The report, highlighting the 100 top- performing equity funds in the world during the year 2007, is based on the study of all funds under the equity asset class tracked by Lipper using total returns in INR,, and having a minimum track record of at least one year as of December 2007 end. 24,887 equity funds (primary) qualified for the study.All returns are denominated in INR for the period ending on 31st December 2007. Data source: Lipper, a Thompson Reuters Company (www.lipperweb.com) Past performance is no guarantee of future result. Lipper Top 120 Ranking: Three funds of Sundaram BNP Paribas Asset Management featured in the World's 120 top-performing equity funds (making for a total of eight in the Top 120) of Lipper as per a customised report using the same parameters used for Lipper Top 100 equity funds report. Data source: Lipper, a Thompson Reuters Company (www.lipperweb.com). Past performance is no guarantee of future result. CNBC TV18-CRISIL Award: Sundaram BNP Paribas Select Focus was among the two schemes that won the CNBC TV18-CRISIL Mutual Fund of theYearAward in the Large- Cap Oriented Equity Fund Category for 2006 and 2007 from 23 schemes and 22 schemes that were considered for the award. Schemes present in all four quarter CRISIL CPRs were considered for the award. The award is based on consistency of scheme’s performance in the four quarterly CRISIL CPR rankings released during the calendar year 2006 and 2007. The individual CRISIL CPR parameter scores averaged for the four quarters were further multiplied by the parameter weight as per the CRISIL CPR methodology to arrive at the final scores. The criteria used in computing the CRISIL Composite Performance Rank are Superior Return Score, based on NAVs over the 2-year period ending December 31, 2006 and December 31 2007, Concentration and Liquidity of the scheme. The methodology does not take into account entry & exit loads.A detailed methodology of the CRISIL CPR is available at www.crisil.com. Past performance is no guarantee of future results. Past performance is no guarantee of future result. Rankings and Award Source: CRISIL FundServices, CRISIL Ltd. ICRA Ranking: Open-end diversified equity – defensive: (period ending December 31, 2007) Sundaram BNP Paribas S.M.I.L.E. Fund: A Five Star Fund for 1-year performance (Schemes considered: 73) Sundaram BNP Paribas Select Focus Fund: Five Star Fund for 3 year performance. (Schemes considered: 41) Sundaram BNP Paribas India Leadership Fund: Five Star Fund for 3 year performance (Schemes considered: 41) Sundaram BNP Paribas Balanced Fund has been ranked as a Five Star Fund in the category of ‘Open Ended Balanced’ schemes for its 1 year performance till December 31, 2007. (Schemes considered: 15). Past performance is no guarantee of future result. ICRA Five-Star Award indicates Best Performance (Top 10% of the category) The rank is an outcome of an objective and comparative analysis against various parameters, including: risk adjusted return, fund size, company concentration, portfolio turnover and liquidity. The ranking methodology did not take into account entry and exit loads imposed by the Fund. The rank is neither a certificate of statutory compliance nor any guarantee on the future performance of the funds. Past performance is no guarantee of future result. Ranking Source & Publisher: ICRA Online Limited ET Rating: ET Investor’s Guide does not accept responsibility for consequences of financial decisions taken by readers on the basis of information provided by the rating’. Past performance is no guarantee of future result. Source: ET Quarterly MF Tracker December 2007. Value Research Rating: Value Research Fund Ratings are a composite measure of historical risk-adjusted returns. In the case of equity and hybrid funds this rating is based on the weighted-average monthly returns for the past three- and five-year periods. These ratings do not take into consideration any entry or exit load. Five-stars indicate that a fund is in the top 10 per cent of its category in terms of historical risk-adjusted returns. Four stars indicate that a fund is in the next 22.5 per cent of its category. The number of schemes in each category is mentioned along side the categories name. Equity Diversified (125), Equity Tax Planning (21) and Liquid Plus – Super Institutional (16). These fund ratings are as on November 30, 2008 Value Research Ratings are published in Monthly Mutual Fund Performance Report and Mutual Fund Insight. The Ratings are subject to change every month. The Rating is based on primary data provided by respective funds. Value Research does not guarantee the accuracy. Past performance is no guarantee of future Source: Value Research
Sundaram BNP Paribas Asset Management39www.sundarambnpparibas.in
Disclaimer
CRISIL CPR Rankings: The criteria used in computing the CRISIL Composite Performance Rank are Superior Return Score, based on NAVs over the two-year period as on September 30, 2008, Concentration and Liquidity of the scheme. The methodology does not take into account the entry and exit loads levied by the scheme. The CRISIL CPR is no indicati on of the performance that can be expected from the scheme in future. CRISIL CPR~1 - The composite performance of Sundaram BNP Paribas Tax Saver is “Very Good" in the Equity Linked Savings Schemes Category, and ranks within the top 10% of the 21 schemes ranked in this category. CRISILCPR~2 - The composite performance of Sundaram BNP Paribas Growth Fund - Growth is “Good" in the Open-End Diversified Equity Schemes Category, and ranks within the top 30% of the 90 schemes ranked in this category. CRISILCPR~2 - The composite performance of Sundaram BNP Paribas Select Focus - Growth is “Good" in the Open-End Large-Cap Oriented Equity Schemes Category, and ranks within the top 90% of the 90 schemes ranked in this category. CRISILCPR~2 - The composite performance of Sundaram BNP Paribas India Leadership Fund - Growth is “Good" in the Open-End Diversified Equity Schemes Category, and ranks within the top 30% of the 90 schemes ranked in this category. CRISILCPR~2 - The composite performance of Sundaram BNP Paribas S.M.I.L.E Fund - Growth is “Good" in the Open-End Diversified Equity Schemes Category, and ranks within the top 30% of the 90 schemes ranked in this category. CRISIL~CPR~2 - The composite performance of Sundaram BNP Paribas Capex Opportunities is “Good" in the Open End Diversified Equity Category, and ranks within the top 30% of the 90 schemes ranked in this category. CRISIL~CPR~2 - The composite performance of Sundaram BNP Paribas Balanced Fund is “Good" in the Open End Balanced Fund Category, and ranks within the top 30% of the 16 schemes ranked in this category. CRISIL~CPR~2 - The composite performance of Sundaram BNP Paribas Money Fund - Regular is “Good" in the Liquid Fund Category and ranks within the top 30% of the 29 schemes ranked in this category. CRISIL~CPR~2 - The composite performance of Sundaram BNP Paribas Money Fund– Super Institutional is “Good" in the Liquid Fund – Super Institutional Category, and ranks within the top 30% of the 19 schemes ranked in this category. Ranking Source: CRISIL FundServices, CRISIL Limited Past performance is no guarantee of future result. CRISIL AAAf Rating: This rating indicates that the portfolio holdings of Sundaram BNP Paribas Money Fund provide strong protection against losses from credit defaults. The AAAf rating is valid only for Sundaram BNP Paribas Money Fund. The rating of CRISIL is not an opinion of the Asset Management Company's willingness or ability to make timely payments to the investor. The rating is also not an opinion on the stability of the NAV of the Fund that could vary with market developments. CARE AAAf Rating: CARE's fund quality rating is not a recommendation to purchase, sell, or hold a security/fund. It neither comments on the current market price, suitability for a particular investor nor on the prospective performance of the fund with respect to appreciation, volatility of net asset value (NAV), or yield of the fund. The ratings do not address the funds ability to meet the payment obligations to investors. The sources it considers reliable. CARE does not perform an audit in connection with any rating and may, on occasion, rely on unaudited information. The ratings may be changed, suspended, or withdrawn as a result of change in, or unavailability of such information, or based on other circumstances. Direct Investment: There will be no entry load for direct applications received by the asset management company. Applications submitted to asset Management Company or collection centres/investor service centres that are not routed through any distributor/agent/broker will qualify for this purpose. An investor while making the applications shall write in the space provided in the application form / or tick in the box provided against the mode of investment as ‘Direct’ and strike off the broker code. No entry and exit load will be applicable on dividend reinvestment and for bonus units. General Disclaimer: INVESTMAP, the Fact Sheet (referred to as document in the Disclaimer/Disclosures page) is issued by Sundaram BNP Paribas Asset Management, an investment manager registered with the Securities and Exchange Board of India in India and is produced for information purposes only. It does not constitute a prospectus or offer document or an offer or solicitation to buy any securities or other investment. Information and opinion contained in this document are published for the assistance of the recipient only; they are not to be relied upon as authoritative or taken as a substitution for exercise of judgment by any recipient. They are subject to change without any notice and not intended to provide the sole basis of any evaluation of the instrument discussed or offer to buy. It is neither a solicitation to sell nor shall it form the basis of or be relied upon in connection with any contract or commitment whatsoever or be taken as investment advice. The information and opinions contained in this communication have been obtained from sources that Sundaram BNP Paribas Asset Management believes to be reliable; no representation or warranty, express or implied, is made that such information is accurate or complete and it should not be relied upon as such. Sundaram BNP Paribas Asset Management neither guarantees its accuracy and/or completeness nor does it guarantee to update the information from time to time. This communication is for private circulation only and for the exclusive and confidential use of the intended recipient(s) only. Any other distribution, use or reproduction of this communication in its entirety or any part thereof is unauthorized and strictly prohibited. By accepting this document you agree to be bound by the foregoing limitations. This communication is for general information only without regard to specific objectives, financial situations and needs of any particular person who may receive it and Sundaram BNP Paribas Asset Management is not soliciting any action based on this document. Sundaram BNP Paribas Asset Management in the discharge of its functions, may use any of the data presented in this document for its decision-making purpose and is not bound to disclose the same. Copies of the offer document and application form with key information memorandum may be obtained from the offices of Sundaram BNP Paribas Mutual offices and its authorized distributors or downloaded from www.sundarambnpparibas.in . For scheme specific risk factors, asset allocation, load structure, fund facts and taxation aspects please refer offer documents available online and at branches/Investor Service Centres, Note on Returns: As per the SEBI standards for performance reporting, “since inception” returns are calculated based on Rs 10 invested at inception of the funds. For this purpose the inception date is deemed to be the date of allotment. Returns are computed using NAV of the Growth Option where a separate Dividend and Growth option is available from inception and an adjusted-series of NAV for Sundaram BNP Paribas Growth Fund and Sundaram BNP Paribas Tax Saver for dividends declared before separate Dividend & Growth Options were introduced. Returns for period in excess of one year is on a compounded annual basis; the returns are net of fees and expenses but before taking into effect of entry load. Returns to investors may be lower to the extent of entry load and timing of investment in the fund. Past performance may or may not be sustained in future and the numbers should not be used as a basis for comparison with other investments. Quartile Disclaimer: The ranks derived on the basis of the methodology described in the Ranking Disclaimer has been used as the basis for categorising funds into first quartile (top 25% of funds by rank), second quartile (the second 25% by rank), third quartile (the third 25% by rank) and fourth quartile (the fourth 25% by rank). For example, if there are 100 funds, funds ranked between 1-25 will be quartile I, 26-50 Quartile 2, 51-75 Quartile 3 and 76-100 Quartile 4. The research on historical performance on which the quartiles and ranking are based has been sourced from Value Research, NAV India (an independent third party vendor of fund intelligence in India) and Bloomberg. The performance for ranking purposes has been reckoned as on December 31, 2007. The ranking of every fund in the primary category as of the two dates is available in an excel sheet at www.sundarambnpparibas.in. The analysis of the information has been carried in good faith in-house by Sundaram BNP Paribas Asset Management. The comparison does not take account into scheme-specific features such as specific asset allocation pattern, specific cap-curve or thematic orientation, entry/exit loads, expenses and fees and respective benchmarks for each fund considered for analysis. Attributes such as style and portfolio composition may also differ though the funds invest predominantly in equity and this latter aspect provides a common thread for creating a sub-category of comparable funds. Past performance may or may not be sustained in future. Past performance does not guarantee future result. Peer set excel comparison for each sub-category is also available at www.sundarambnpparibas.in
Sundaram BNP Paribas Asset Management40www.sundarambnpparibas.in
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www.sundarambnpparibas.in
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