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November 2008

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Investment manager for Sundaram BNP Paribas Mutual Fund sponsored by Sundaram ... in 1954 as a subsidiary of Madras Motor and General Insurance (part of the TVS Group) ... – PowerPoint PPT presentation

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Title: November 2008


1
Sundaram BNP Paribas Asset Management
November 2008
2
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

3
Structure for mutual fund business
Investor
Sponsors
Sundaram Finance Limited BNP Paribas Asset
Management
Investment Manager
Trustee
Sundaram BNP Paribas Trustee Company Limited
Sundaram BNP Paribas Asset Management Company
Limited
Mutual Fund
Transfer Agent
Sundaram BNP Paribas Mutual Fund
C A M S
Custodians
Standard Chartered / HDFC Bank / HSBC
SEBI
4
Role profile ownership pattern
Sundaram BNP Paribas Mutual Fund
Organised as a Trust
Launches funds
Sundaram BNP Paribas Asset Management Company
Sundaram BNP Paribas Trustee Company
  • Safeguard interest of investors in the mutual
    fund
  • Oversight of the Investment Manager
  • Investment manager for mutual fund
  • Investment advisory
  • Portfolio management services

Ownership
Sundaram Finance (50.1)
BNP Paribas Asset Management (49.9)
5
BNP Paribas Investment Partners
A member
6
Vision, Mission Philosophy
  • 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

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
7
Bouquet of well-defined products
Equity Funds
Fixed- Income Funds
Select Thematic Funds
Capex Opportunities Rural India Energy
Opportunities Financial Services
Opportunities Entertainment Opportunities
Select Focus Select Mid Cap Select Small
Cap Growth Fund India Leadership S.M.I.L.E. Fund
Equity Multiplier Tax Saver Balanced Fund
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
Fund of Funds
Global Advantage
S.M.I.L.E. denotes Small Medium Indian Leading
Equities Monthly Income Plan is not an assured
income scheme
8
Products on risk-return spectrum
HIGH
Entertainment Opportunities
Energy Opportunities
Capex Opportunities
Financial Services Opportunities
Global Advantage
Select Small Cap
Rural India
S.M.I.L.E
Equity Multiplier
Tax Saver
Select Midcap
India Leadership
Select Focus
Growth
Balanced
Monthly Income Plan
Bond Saver
Floating Rate-Long-Term
Floating Rate-Short-Term
Fixed Term Plans
Risk-return map for products based on relative
returns and risk and does not provide any
indication about performance in the future
Liquid Plus
Money Fund
LOW
9
Assets under management
Rs Crore
Break up
AUM Growth in Billion
August 2001
November 2008
0.1
1.9
AUM does not include assets under advisory
AUM as on November 30, 2008
Past performance may or may not be sustained
Data Source Factsheet
10
Sponsors1.Sundaram Finance
11
Origin of Sundaram FinanceTVS - a reputed
diversified business group
  • 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

12
Origin of Sundaram FinanceTVS automobile
business
  • 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

1990s-
1970-1990
  • Targeted capture of retail space in financial
    services
  • Reliance on organic growth and joint ventures
    with foreign partners to capitalise on new
    opportunities

Established a strong presence in financing
commercial vehicles
1954
Founded to serve TVS group customers
13
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
Openness
Fair play
Integrity
Discipline
Prudence
Relationships
14
The Sundaram Finance group
Sundaram Finance Distribution
Royal Sundaram General Insurance
Sundaram BNP Paribas Trustee Company
Joint venture between Royal Sun Alliance UK and
Sundaram Finance
Sundaram BNP Paribas Asset Management
Sundaram BNP Paribas Home Finance
LGF Services Limited
Sundaram Business Services
Sundaram Info Tech Solutions
Infreight Logistics Solutions
15
Key financials of Sundaram Finance
Figures are only for Sundaram Finance Increase
in equity is only due to conversion of reserves
to equity
Financial Year April of Year T to March of Year
T1
Source Annual Report of Sundaram Finance
Earnings Statement for FY 08
16
Sponsors2.BNP Paribas Asset Management
17
Global Framework BNP Paribas group
BNP PARIBAS
Retail Bank
Asset Management Services
Corporate Investment Banking
French Retail Bank
International Retail Banking Financial Services
BNL Banca Commerciale
BNP Paribas Investment Partners
BNP Paribas Securities Service
BNP Paribas Private Bank
BNP Paribas Real Estate
BNP Paribas Assurance
BNP Paribas Personal Investors
Distribution Business Development
Investment Management
Support Functions
18
A world-wide footprint
Europe
Istanbul Paris London Milan Madrid
Amsterdam Budapest Frankfurt Geneva Lisbon Luxembo
urg Prague Vienna Zurich
Americas
New York Boston São Paulo Buenos Aires Montevideo
Asia
India Hong Kong Seoul Shanghai Tokyo Beijing Bru
nei Kuala Lumpur Melbourne Singapore Sydney Taipei
Middle east / Africa
Casablanca Bahrain Kuwait
Saudi Arabia
19
Multi-specialist approach
2008 S A I B (Saudi Arabia)
AUM 520 billion as of March 31, 2008
2007 Impax(Environmental markets)
2,250 professionals worldwide in 30 countries
2006 BNP Paribas Private Equity
Financial strength as part of BNP Paribas Group
  • 2005
  • FundQuest (managed a/cs)Exchange Traded Funds
    (EasyETF)
  • Sundaram BNP Paribas Asset Management
  • (India)
  • TEB Asset Management
  • (Turkey)

2004 SYWG BNP Paribas Asset Management (China)
Expanding investment opportunity set expertise
2003 CooperNeff Alternative Managers(single
hedge funds)
  • 2001
  • Overlay AssetManagement (foreign exchange)
  • Fauchier Partners(funds of hedge funds)

2000 BNP and Paribas merge
1999 Fischer Francis Trees Watts (global fixed
income)
  • 1998
  • Shinhan ITMC (Korea)
  • BMCI Gestion (Morocco)

1964 BNP and Paribas establish their asset
management business
Time
20
Expertise that works for you
BNP Paribas Investment Partners
  • Placing the client first by locating our Client
    Relationship Managers close to their markets
  • Ensuring suitable investment solutions through
    dialogue with product specialists

FIXED INCOME
ALTERNATIVES
MULTI-EXPERT SOLUTIONS
  • Global Fixed Income and Credit Management
  • European Fixed Income
  • Total Return
  • Money Markets
  • Hedge Funds
  • Funds of Hedge Funds
  • Private Equity
  • Multi-Strategy
  • Currency Management
  • Structured Products
  • Indexed Products
  • Asset Allocation
  • Multi-Management
  • Wealth Management
  • Retirement Saving Schemes

21
Multiple asset classes, diversified client-base
Profile of AUM
Asset Class
Client Profile
AUM 520 billion as of March 31, 2008
Source BNP Paribas Asset Management as at
March 2008 including assets under advisory
22
The Sundaram BNP Paribas Edge
23
Investment process
An active fundamental approach
Fund Mangers Economist
RESEARCH TEAM
External Research Published Information Company
Visit
Idea Flow
Research
Idea Generation
Fundamentals Management Assessment
Recommended List
Executive Committee
Norms
Internal Investment Committee
Approval
of Stocks
APPROVED BUY LIST
Sector and Stock Limits
Fund Themes
STOCK SELECTION
Top-Down Approach
Bottom-Up Stock Picking
Portfolio
Construction
Best Trade Execution
Final Fund Portfolio
Diversification
Risk Management
Liquidity
24
Key strengths
  • 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

25
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

26
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.

27
The fund management team
  • 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
  • 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

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.
28
Risk management
A vital part of the process
  • 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

29
Risk management
A clear risk organisation
Managing Director
Compliance Officer
Risk Officer
Risk Committee
  • Monitor internal risk budget
  • Measure performance
  • Analyze funds risk
  • Review of new products risk
  • Govern internal control
  • Compliance monitoring
  • Review legal documents
  • New product filings
  • Establish risk policy
  • Evaluate performance
  • Review major risk factors
  • Confirm risk action plan

Global Compliance Officer
BNPP AM New Markets
Monthly Meeting
  • 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

30
Relative Performance Card
2007
Awards Accolades
Track RecordNovember 2008
31
Peer comparison
Dominant top-quartile presence
Quartile 1 Quartile 2 Quartile 3 Quartile 4
If there are 100 funds Q 1ranks 1-25, Q 2
ranks 26-50, Q3 ranks 51-75 and Q4 ranks 76-100
Returns Ranking as of December 31 2007 Data
Source Value Research Quartiles comparison in
house Past performance is not an indicator of
future performance
32
Comparison with all equity funds
Dominant top-quartile presence
Quartile 1 Quartile 2 Quartile 3 Quartile 4
Returns Ranking as of December 31 2007 Data
Source Value Research Quartiles comparison in
house Past performance is not an indicator of
future performance
33
Awards accolades
Select Focus
Select Mid Cap
Tax Saver
LIPPER Global Top 100 Fund
LIPPER Global Top 120 Fund
CNBC TV18-CRISIL Award Best
Diversified Fund 2006
CNBC TV18-CRISIL Award Best
Large-Cap Fund 2007 2006
CRISILCPR 1
Value Research
Value Research
CRISILCPR 2
LIPPER Global Top 100 Fund
Growth
CRISIL CPR 2
Value Research
Value Research
Balanced
ICRA Five-Star Fund 1-year track record 2007
CRISIL CPR 2
ICRA Five-Star Fund
3 - year track record
LIPPER Global Top 120 Fund
Rural India
For Disclaimers Risk Factors, please refer
slide 38 39
34
Awards accolades
India Leadership
S.M.I.L.E Fund
Capex Opportunities
LIPPER Global Top 100 Fund
LIPPER Global Top 120 Fund
LIPPER Global Top 100 Funds
CNBC TV18-CRISIL Award Best
Emerging Equity Fund 2005
ICRA Five-Star Fund
1-year track record 2007
CRISILCPR 2
CRISILCPR 2
Value Research
ET Rating Platinum
ICRA Five-Star Fund
3 - year track record
CRISIL AAAf Rating
Money Fund
CRISIL CPR 2
CRISILCPR 2
Value Research
CRISIL AAAf Rating
Liquid Plus
For Disclaimers Risk Factors, please refer
slide 38 39
35
Track record of equity funds
Past Performance may or may not be sustained in
future
Benchmark highlighted in italics
Computed using NAV of Growth Option. Returns in
and as of November 2008
36
Track record of equity funds
Past Performance may or may not be sustained in
future
Computed using NAV of Growth Option. Returns in
and as of November 2008
Benchmark highlighted in italics
37
Track record of fixed-income funds
Liquid Plus
Money Fund
Floating Rate-Short Term
Fund
Benchmark
For track record of other funds please refer
factsheet
Past Performance may or may not be sustained in
future Computed using NAV of Growth Option.
Returns in , as on November 30, 2008
38
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
FundVagaries 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 FactorsAll 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
schemes 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
Investors 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
39
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
CPR1 - 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. CRISILCPR2 - 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. CRISILCPR2 -
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. CRISILCPR2 - 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. CRISILCPR2 - 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. CRISILCPR2 - 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. CRISILCPR2 - 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. CRISILCPR2 - 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. CRISILCPR2 -
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/broke
r 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
40
Contact us
SMS SFUND to 56767
Toll Free 1800-425-1000
www.sundarambnpparibas.in
Call 044 28578700
E-mailservice_at_sundarambnpparibas.in
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