SBI Banking & Financial Services Fund - Direct (G)

LIC MF Aggressive Hybrid Fund – Regular Plan - IDCW Option: 0.10

Change in Fund Managers of the Scheme:

* Assistant Fund Manager

Mr. Rakesh Prajapati is currently designated as Senior Manager Investment in dealing function. Further from the above effective date he is also designated as a Fund Manager - Equities at Tata Asset Management Pvt. Ltd.

Change in New Fund Offer period of “Mirae Asset Small Cap Fund”

Regular Plan – Monthly IDCW Option: Rs 0.0353

Direct Plan – Monthly IDCW Option: Rs 0.04519

Change in Exit Load:

Change in Fund Managers of the Scheme:

Aditya Birla Sun Life Balanced Advantage Fund:

Regular Plan – IDCW Option: 0.15

Direct Plan – IDCW Option: 0.17

Aditya Birla Sun Life Arbitrage Fund:

Regular Plan – IDCW Option: 0.07

Direct Plan – IDCW Option: 0.07

Aditya Birla Sun Life Equity Savings Fund:

Regular Plan – IDCW Option: 0.23

Direct Plan – IDCW Option: 0.27

Aditya Birla Sun Life Equity Hybrid '95 Fund:

Regular Plan – IDCW Option: 3.29

Direct Plan – IDCW Option: 5.59

Aditya Birla Sun Life Dividend Yield Fund:

Regular Plan – IDCW Option: 0.23

Direct Plan – IDCW Option: 0.27

Change in Fund Managers of the Schemes:

HDFC Arbitrage Fund – Wholesale Plan – Regular Plan – Normal IDCW Option (Payout & Reinvestment): 0.050

HDFC Arbitrage Fund – Wholesale Plan – Direct Plan – Normal IDCW Option (Payout & Reinvestment): 0.050

HDFC Arbitrage Fund – Wholesale Plan – Regular Plan – Monthly IDCW Option (Payout & Reinvestment): 0.050

HDFC Arbitrage Fund – Wholesale Plan – Direct Plan – Monthly IDCW Option (Payout & Reinvestment): 0.050

Sundaram Diversified Equity Fund - Regular Plan - Quarterly IDCW Option: 0.127

Sundaram Diversified Equity Fund - Direct Plan - Quarterly IDCW Option: 0.153

Change in the name of the Scheme:

Change in Fund Managers of the Schemes:

PGIM India Arbitrage Fund:

Regular Plan – Monthly IDCW Option: 0.0647

Direct Plan – Monthly IDCW Option: 0.0653

PGIM India Hybrid Equity Fund:

Regular Plan – Monthly IDCW Option: 0.1822

Direct Plan – Monthly IDCW Option: 0.2012

PGIM India Equity Savings Fund:

Regular Plan – Monthly IDCW Option: 0.0720

Direct Plan – Monthly IDCW Option: 0.0787

Details of Mr. Vishal Ashar

Age: 46 years

Designation: Dealer - Key Personnel

Qualification: Post Grad MMS, Mumbai University

Change in Fund Managers of the Scheme:

Sundaram Aggressive Hybrid Fund - Regular Plan-Monthly-IDCW Option: 0.250

Sundaram Aggressive Hybrid Fund - Direct Plan-Monthly-IDCW Option: 0.350

Sundaram Balanced Advantage Fund - Regular Plan-Monthly-IDCW Option: 0.115

Sundaram Balanced Advantage Fund - Direct Plan-Monthly-IDCW Option: 0.140

Sundaram Equity Savings Fund - Regular Plan - IDCW - Quarterly Option: 0.300

Sundaram Equity Savings Fund - Direct Plan - IDCW - Quarterly Option: 0.434

Systematic Investment Plan (SIP) contributions remained steady at Rs 25,320 crore in November, slightly below October’s Rs 25,323 crore. Notably, total assets under management (AUM) for the mutual fund industry hit a record Rs 68.08 lakh crore, up from Rs 67.25 lakh crore in October, driven by strong inflows into equity-oriented schemes despite the market turbulence.

Gross inflows into equity schemes fell 17% from Rs 74,727 crore in October to Rs 61,697 crore in November. Among equity schemes, sectoral and thematic funds saw a sharp drop, attracting Rs 7,657.75 crore compared to Rs 12,278.78 crore in October. Mid-cap and small-cap funds saw inflows at Rs 4,883.4 crore and Rs 4,111.89 crore, respectively.

Debt mutual fund flows saw a staggering 92% decline, dropping to Rs 12,915.9 crore in November from Rs 1,57,402.3 crore in October. Liquid funds faced outflows of Rs 1,778.98 crore, reversing October’s inflows of Rs 83,863.34 crore. Flows into overnight and money market funds also shrank significantly, with both categories seeing substantial reductions.

The decline in debt fund inflows was attributed to October’s unusually high numbers, which were bolstered by seasonal outflows in September.

Net inflows into hybrid schemes fell 75.5%, dropping to Rs 4,123.69 crore in November from Rs 16,863.3 crore in October. Despite these challenges, mutual fund folios reached an all-time high of 22.08 crore, with retail-oriented schemes contributing 17.55 crore folios.

The number of new SIPs registered dropped to 49.47 lakh in November from 63.70 lakh in October. However, SIP assets under management (AUM) remained strong at Rs 13.54 lakh crore.

While market volatility dampened inflows across several categories, the industry continues to see robust participation from retail investors, as evidenced by record-high folio counts. With equity AUM reaching new heights, experts suggest investors may remain cautious but committed to systematic investments.

This open-ended equity scheme, benchmarked against the BSE 200 Total Return Index (TRI), is open for subscription until December 18, 2024. Post this period, it will reopen for continuous sale and redemption within five business days after the allotment date.

The SBI Quant Fund requires a minimum initial investment of Rs 5,000, with additional investments allowed in multiples of Re 1. For subsequent purchases, the minimum amount is set at Rs 1,000, also in multiples of Re 1. Investors can redeem or switch out units with a minimum value of Rs 500, or one unit, whichever is lower.

An exit load of 0.5% applies if units are redeemed within six months of allotment, while no charge applies after six months. The fund house emphasized the advantages of a multi-factor strategy over single-factor funds, highlighting its ability to provide diversification, reduce downside risks, and deliver higher risk-adjusted returns.

The scheme's investment allocation includes 80-100% in equity and equity-related instruments selected through its quantitative model. It may also invest up to 20% in other equity instruments, debt securities, or money market instruments, and up to 10% in units issued by REITs and InvITs.

The SBI Quant Fund employs a dynamic allocation model that adjusts weights across the four factors—momentum, value, quality, and growth—based on their relative performance. Overperforming factors receive higher weightage, capped at 35%, while underperforming factors trigger rebalancing if their weight falls below -8%.

The fund's strategy incorporates four key factors: Momentum, which focuses on short- and long-term price performance; Value, identified through low valuation metrics; Quality, characterized by stocks with high return on equity (ROE), consistent earnings growth, and low leverage; and Growth, targeting companies with robust earnings growth and upgrades.

The fund’s algorithm aims to reduce volatility, smooth out cyclical returns, and mitigate behavioural biases through its systematic approach.

SBI MF described the fund as an ideal choice for investors seeking exposure to India's growth story through a disciplined, data-driven investment framework. Multi-factor investing combines various factors to smooth out the cyclicality of returns and minimize biases. This fund aims to integrate established equity factors for optimal risk-adjusted returns, making it a compelling choice for long-term investors.

ITI Balanced Advantage Fund:

Regular Plan – IDCW: 0.10

Direct Plan – IDCW: 0.10