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SBI MUTUAL FUND TO BUY INDIA SCHEMES OF DAIWA MUTUAL FUND

SBI Mutual Fund proposes to acquire schemes of Daiwa Mutual Fund 
Mumbai, June 4, 2013: SBI Mutual Fund (“SBI MF”) has agreed to acquire all of 
the existing India domiciled fund schemes of Daiwa Mutual Fund (“Daiwa MF”). 
State Bank of India, SBI Mutual Fund Trustee Company Private Limited and SBI 
Funds Management Private Limited (sponsor, trustee and investment manager of 
SBI MF respectively) have reached an agreement with Daiwa Asset Management Co. 
Ltd., Daiwa Trustee Company (India) Private Limited and Daiwa Asset Management 
(India) Private Limited (“Daiwa AMC”) (sponsor, trustee and investment manager 
of Daiwa MF respectively), to take over the sponsorship, trusteeship, 
management and administration of all the schemes of Daiwa MF.  
The transaction is subject to receipt of regulatory approvals. Post completion 
of the transaction, all existing schemes of Daiwa MF will become schemes of SBI 
MF and all existing unit holders of schemes of Daiwa MF will become unit 
holders of SBI Mutual Fund. 
This acquisition will help SBI MF acquire a unique client base which will 
increase its penetration in retail and HNI space. Daiwa AMC has built robust 
relationships with its distributors and SBI MF intends to leverage on those 
relationships to acquire new retail customers. This will benefit not only the 
unit holders of schemes of SBI MF but also the unit holders of schemes of Daiwa 
MF.  It will expose the Schemes to the investment and risk management processes 
as well as the best practices of the SBI group. SBI Funds Management Pvt. Ltd. 
has experienced research and fund management teams, both in the equity and 
fixed income segments, with capability of managing large fund corpus.  
Speaking on this occasion Mr. Deepak Chatterjee, MD & CEO of SBI Funds 
Management Pvt. Ltd. said “The local expertise and years of experience in the 
Indian markets offered by SBI will provide the opportunity to grow further and 
enhance the offerings for investors. SBI Funds Management Pvt. Ltd., being the 
subsidiary of the SBI (which is the largest bank in India*) has a widely 
recognized brand and distribution network across the country.” 
SBI MF is one of the largest mutual fund in India with average assets under 
management of Rs. 54,905 crores* (US$ 10,096.5 million) as on March 31, 2013. 
Its investment manager, SBI Funds Management Pvt. Ltd., is a joint venture 
between the State Bank of India (the largest bank in India*) and AMUNDI 
(France), one of the world's leading fund management companies. SBI Funds 
Management Pvt. Ltd. is a leading asset management player in Indian Equities 
and Fixed Income segment and has been in asset management business for over 25 
years. The acquisition of the scheme of the Daiwa Mutual Fund will augment the 
AUM of SBI Mutual Fund. 
The concerned parties will implement a detailed plan to facilitate a smooth 
integration of the schemes of Daiwa Mutual Fund into SBI Mutual Fund.
 
 
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