Magnum Midcap Fund (G) Outperforms The Sensex Over All Time Periods

SBI Funds Management Ltd manages SBI mutual fund a wholly owned subsidiary of India's premier and largest bank; the State Bank of India. SBI Mutual Fund set up in June 1987. The AMC has already launched a range of products to suit different risk and maturity profiles. SBI Mutual Fund house has Rs 27359.59 crore assets under management at the end of November 2007.

Magnum Midcap Fund (G) an open-ended balanced scheme launched in August 1995.The objective of the scheme is to provide growth through capital appreciation. It also plans to provide periodic income through declaration of dividends. The minimum investment amount is Rs.5000 and in multiples of Rs.1000 thereafter. The unit NAV of the scheme was Rs.35.41 as on 20 December 2007.

Portfolio: The total net assets of the scheme increased by Rs.31.69 crore to Rs.515.11 crore in November 2007.

Magnum Midcap Fund (G) took no fresh exposure to any stock in November 2007.

The scheme completely exited from Sri Adhikari Brothers Television Network at 5.38 lakh units (0.21%) in November 2007.

Sector-wise the scheme took no fresh exposure in the November 2007.

Sector-wise the scheme did not exit completely from any sector in November 2007.

The scheme had highest exposure to Gujarat Mineral Development Corporation with 10.08 lakh units (9.32% of portfolio size) followed by Gitanjali Gems with 6.61 lakh units (5.58%), Thermax with 3.14 lakh units (5.27%) and Kesoram Industries with 4.49 lakh units (4.88%) among others in November 2007.

It reduced its exposure to Thermax by selling 220 units to 3.14 lakh units (by 0.50%), Radico Khaitan by selling 1617 units to 4.98 lakh units (0.50%) and Elecon Engineering Company to 6.83 lakh units (0.45%) among others in November 2007.

Sector-wise, the scheme had highest exposure to Steel – Large at 10.53% (9.96% in October 2007), followed by Mining / Minerals / Metals at 9.32% (10.65%), Engineering at 9.13% (10.08%) and Electric Equipment at 6.19% (6.02%) among others in November 2007.

Sector wise, the scheme had reduced exposure Mining / Minerals / Metals to 9.32% (by 1.33%), Engineering to 9.13% (by 0.95%), Construction to 5.69% (by 0.56%) and Breweries & Distilleries to 1.42% (by 0.50%) among others in November 2007.

Performance: The scheme outperformed the category average over all time periods. It has outperformed the sensex over all time periods.

Over three-month period ended as 20 December 2007, the scheme posted 27.38% of returns outperforming the category average of 22.33%. It outperformed the sensex that posted 16.97% returns during the same period.

Since inception, the scheme posted 256.50% returns underperforming the category average of 316.32%.