Академический Документы
Профессиональный Документы
Культура Документы
with gains. The BSE Sensex and S & P Nifty both ended the year with gains of 10.94% and 11.14% to close at 19445.22 and 5833.75 respectively. There was a record inflow from foreign investors into Indian equities in view of better growth prospects. However, the trend reversed in the third quarter as a spate of scams and macro concerns about inflation and growth dented the sentiments. The Reserve Bank of India continued towards the path of normalization of interest rates due to inflationary concerns. Despite the near term macro headwinds, the Indian economy is poised for higher growth given the structural factors like, favorable demographics, high savings rate and opportunities in infrastructure and outsourcing. SBI Mutual Fund continues to increase its investor base and now over 45 lakh investors have reposed their trust in us. Enclosed is the Abridged Annual Report for the year 2010-11 for your perusal. Equity as an asset class has always been looked upon by experts as an investment avenue for the long term. And investors who show patience can reap the benefits in the long run. Moreover, having a long term horizon always helps you stay on course for achieving your financial goals. The various upswings and downswings in the equity markets again go on to show the importance of investing in a disciplined manner. Systematic Investment Plan or SIP is perhaps, one useful tool which has helped millions of investors to invest their small savings every month and create a big corpus over the long run, with the help of cost averaging and the power of compounding. If you have not yet started your SIP then you may consider starting it with Magnum Equity Fund, a , large cap oriented equity fund. Besides, you may also consider investing in Magnum Global Fund, which is a predominantly mid cap fund and Magnum Sector Funds Umbrella Emerging Businesses Fund, which is a concentrated high-conviction portfolio, and hence, somewhat aggressive. These three funds have been performing well and you may consider making them a part of your equity portfolio. On the debt side, three funds from SBI Mutual Fund viz; Magnum InstaCash Fund Growth, SBI Premier Liquid Fund - Institutional Growth and SBI Short Horizon Debt Fund - Ultra Short Term Fund - Retail Growth were conferred CRISIL Mutual Fund Rank 1 recently for their superior return scores over the 1-year period ended 31st March, 2011. You may consider investing your short term surplus funds in these schemes. (CRISIL Mutual Fund Rank 1 refers to Very Good Performance and ranks within the Top 10 percentile of the schemes in the respective category). In our endeavor to provide innovative investment solutions to our investors, we introduced several products and customer service initiatives. During the year 2010 11, we launched several new schemes most of them being close ended debt schemes SBI Debt Fund Series (SDFS), with different maturities to suit investor appetite. Other than the SDFS, we launched SBI PSU Fund, an open ended equity scheme, investing in Public Sector Undertakings. We also launched SBI Capital Protection Oriented Fund Series II a five year close ended capital protection oriented fund, particularly suitable for conservative investors. I am pleased to inform you that our quarterly average AUM for the period January - March 2011 stands at Rs. 41,671 crores. We have also had a sizeable growth in assets during the year 2010 11, thanks to the support from all our investors. Let me take this opportunity to assure you that we would continue to offer innovative investment solutions to our investors. Its a pleasure to share with you that very recently we launched our new corporate website with a range of new sections, several useful tools and calculators and much more. Do visit our new website www.sbimf.com to explore these new sections and dont forget to write back few words as feedback to partnerforlife@sbimf.com. We conducted over 400 Investor Awareness Programmes across the country during the financial year so as to educate people about the benefits of investing in mutual funds. We shall continue to help more and more people learn about benefits of investing in mutual funds so as to help them achieve their financial objectives. I assure you that, we shall continue to maintain high standards for ourselves in the future, too. Lastly, I would also like to assure you of our commitment to provide unparalleled service to our investors and cater to your investment, servicing and information needs. Please feel free to call at our dedicated customer care numbers 1-800-425-5425 and 080-26599420 from Monday to Saturday (8am 10pm) or write to us at customer.delight@sbimf.com with your queries. Alternatively, you can also visit your nearest SBI MF Investor Service Centre / Investor Service Desk for any assistance. We are also constantly increasing our service network by opening new Investor Service Centres and Investor Service Desks to provide better service to our valued investors. We also have been adding more distributors thereby strengthening our distribution network to offer our products through their network. I am sure that your trust and faith in us will earn rich dividends for you in future. Warm regards,
MAGNUM SECTOR FUNDS UMBRELLA REPORT OF THE BOARD OF DIRECTORS OF SBI MUTUAL FUND TRUSTEE COMPANY PRIVATE LIMITED FOR THE YEAR 2010-11
The Directors of SBI Mutual Fund Trustee Company Private Limited are pleased to present the Audited Accounts in respect of the schemes of SBI Mutual Fund for the year ended 31st March, 2011. The scheme-wise financial statements for the year 2010-11, are enclosed with the report of the auditors. The significant accounting policies through which the financial statements of the schemes are drawn and the explanatory notes to accounts of each of the schemes are also attached. The financial statements have been prepared as per the SEBI (Mutual Fund) Regulations 1996, in the manner required and exhibit true and fair view of the operating results.
The March inflation number at close to 9% which was above 1% from the RBI guidance and elevated non-food manufacturing inflation at 7% had warranted a more aggressive monetary action from RBI. Elevated commodity prices could pose a major challenge to contain inflationary expectations & also upset the Fiscal calculations. Fresh supply of government bonds to the tune of around Rs.12,000 crs every week in the new financial year is expected to put pressure on yields The market yields broadly have an upward bias, but remain prone to sharp movements in either direction driven by global movements, especially pertaining to commodities. We would continue with our trading strategy with moderately invested positions in government bonds. MIPs and Balanced Fund would focus to have a core portfolio of corporate credit and CDs as spreads on high quality credit curves in the 1-3 yr segment are likely to remain attractive and provide high accrual and roll down.
I I I
I I
The Liquid and Ultra Short Term funds had been fully invested as on 31st March,2011 with investments predominantly in CDs. The mark to market exposure in Ultra Short would be below 5% and in the near term, the preference would continue to be within the 3 month segment. The near term strategy for Liquid/ Ultra would be guided by the near term bearish view on short term rates and the regulatory guidelines which could impact flows into the funds. Money market funds would focus on generating consistent returns and would strive to contain volatility. Particular emphasis will be laid on security/ portfolio liquidity and credit quality.
Total assets under management: Rs. 39.08 crores. Magnum Sector Funds Umbrella Contra Launch Date As on 31.03.11 Unit NAV: Dividend Option Growth Option Corpus : : : Rs.22.17 Rs.55.57 Rs. 925.40 crores : June 04, 1999 Growth Option- May 06, 2005.
Total assets under management: Rs. 3200.06 crores. Magnum Sector Funds Umbrella FMCG Launch Date As on 31.03.11 Unit NAV Corpus : : Rs. 29.24 Rs.12.31 crores. : June 04, 1999.
Total assets under management: Rs.36.01 crores. Magnum Sector Funds Umbrella EBF Launch Date As on 31.03.11 Unit NAV: Dividend Option Growth Option Corpus : : : Rs. 15.01 Rs. 39.64 Rs. 165.74 crores : August 23, 2004
4. SIGNIFICANT ACCOUNTING POLICIES: ACCOUNTING POLICIES ARE IN ACCORDANCE WITH SECURITIES EXCHANGE BOARD OF INDIA (MUTUAL FUND) REGULATIONS 1996. 5. UNCLAIMED DIVIDENDS & REDEMPTIONS
Summary of No. of Investors & Corresponding amount scheme wise Unclaimed Dividends Scheme Magnum Sector Fund Umbrella - FMCG Magnum Sector Fund Umbrella IT Magnum Sector Fund Umbrella - Pharma Magnum Sector Fund Umbrella - Contra Magnum Sector Fund Umbrella EBF Amount (Rs.) 239,390 3,871,923 1,725,751 8,765,865 2,010,181 No. of Investors 65 696 759 1533 366 Unclaimed Redemptions Amount (Rs.) 325,863 2,035,726 391,923 3,847,932 2,608,490 No. of Investors 23 237 35 208 130
30 - 60 days
60 - 180 days
Non receipt of Dividend of Units Interest on delayed payment of dividend Non receipt of Redemption Proceeds Interest on delayed payment of Redemption Non receipt of Statement of Account / Unit Certificate Discrepancy in Statement of Account Non receipt of Annual Report / Abridged Summary Wrong switch between Schemes Unauthorized switch between schemes Deviation from Scheme attributes Wrong or excess charges / load Non updation of changes viz. address, PAN, bank details, nominations, etc Others
3 2
64 62 3 53
# *
including against its authorized persons / distributors / employees, etc. Non actionable means the complaint that are incomplete / outside the scope of the mutual fund
7. STATUTORY INFORMATION:
a. b. c. The Sponsors are not responsible or liable for any loss resulting from the operation of the schemes of the Fund beyond their initial contribution ( to the extent contributed) of Rs.5 lakhs for setting up the Fund, and such other accretions / additions to the same. The price and redemption value of the units, and income from them, can go up as well as down with fluctuations in the market value of its underlying investments in securities or fair value in underlying real estate asset, as the case may be. Full Annual Report is disclosed on the website ( www.sbimf.com) and is available for inspection at the Head Office of the Mutual fund. Present and prospective unit holder can obtain copy of the trust deed, the full Annual Report of the Fund / AMC and the text of relevant scheme at a price.
ACKNOWLEDGEMENT
The Directors take this opportunity to express their gratitude for the continued support and co-operation extended by the State Bank of India, Socit Gnrale Asset Management, the Registrars & Transfer Agents, the Custodians, the Collecting Banks, Government Agencies, Auditors, SEBI, AMFI, the Board of Directors of SBI Funds Management Private limited, market intermediaries and the large body of investors in various schemes of the Fund. For and on behalf of the Board of Directors SBI Mutual Fund Trustee Company Pvt. Ltd. Sd/Dr. (Smt.) Malati Anagol (Chairperson)
Place Date
2.
3.
iii) iv)
For Chandabhoy & Jassoobhoy Chartered Accountants Firm Regn. No.: 101647W Place Date : : Mumbai June 15, 2011 Samir M. Chinoy (Partner) Membership No.: F 40853
498 61 -
2,183 (596) -
772 1,537 -
29,616 118,710 -
1,885 7,422 -
34,953 127,134 -
305 (62) -
2,510 (2,299) -
765 1,112 -
65,115 102,392 -
2,910 3,811 -
71,604 104,955 -
2.3 3 4
Loans & Borrowings Current Liabilities & Provisions 4.1 4.2 Provision for doubtful Income/Deposits Other Current Liabilities & Provisions TOTAL
0 63 3,664
196 5,223
62 3,970
4,589 324,595
672 34,367
0 5,582 371,818
0 15 996
169 5,591
49 3,634
3,614 360,808
731 21,377
0 4,577 392,405
ASSETS 1 Investments 1.1. Listed Securities: 1.1.1 1.1.2 1.1.3 1.1.4 1.1.5 1.2 Equity Shares Preference Shares Equity Linked Debentures Other Debentures & Bonds Securitised Debt securities Equity Shares Preference Shares Equity Linked Debentures Other Debentures & Bonds Securitised Debt securities 3,477 4,802 3,705 0 306,954 1,898 176 30,621 349,558 1,898 0 176 882 5,312 5 3,516 336,539 18,731 19 364,979 -
24 -
As at March 31, 2011 (Rupees in Lakhs) FMCG Fund 1.3 Unlisted Securities 1.3.1 1.3.2 1.3.3 1.3.4 1.3.5 1.4 1.5 1.6 1.7 1.8 1.9 1.10 1.11 2 3 Equity Shares Preference Shares Equity Linked Debentures Other Debentures & Bonds Securitised Debt securities 3,477 2 166 19 0 4,802 4 417 0 11 3,716 2 242 10 0 9,787 318,815 1 1,757 4,022 1,986 32,607 1,239 521 0 11 11,773 363,417 8 3,821 4,572 882 2 11 99 2 IT Fund Pharma Fund Contra Fund Emerging Business Fund TOTAL FMCG Fund
As at March 31, 2010 (Rupees in Lakhs) IT Fund Pharma Fund Contra Emerging Fund Business Fund 1,010 10,234 347,783 4,103 1,514 3,710 3,698 18,749 210 123 1,684 610 376,247 4,320 1,764 5,664 4,410 TOTAL
0 5,317 4 47 142 81 -
3,516 2 69 27 20 -
0 1,010 10,234 -
Government Securities Treasury Bills Commercial Paper Certificate of Deposits Bill Rediscounting Units of Domestic Mutual Fund Foreign Securities Gold Total Investments
Deposits Other Current Assets 3.1 3.2 3.3 Cash & Bank Balance CBLO/ Reverse Repo Lending Others
Deferred Revenue Expenditure (to the extent not written off) TOTAL
3,664
5,223
3,970
324,595
34,367
371,818
996
5,591
3,634
360,808
21,377
392,406
ABRIDGED REVENUE ACCOUNT FOR THE YEAR ENDED MARCH 31, 2011
For the Year ended March 31, 2011 (Rupees in Lakhs)
FMCG Fund 1 INCOME 1.1 1.2 1.3 1.4 1.5 Dividend Interest Realised Gain / (Loss) on Foreign Exchange Transactions 38 9 94 7 50 10 0 4,963 835 (8) 280 83 872 5,424 944 900 10 2 51 6 34 3 60 3,542 998 2 181 26 34 3,818 1,035 96 IT Fund Pharma Fund Contra Fund Emerging Business Fund TOTAL FMCG Fund
Realised Gains /(Losses) on Interscheme sale of investments 35 Realised Gains /(Losses) on External sale /redemption of investments Realised Gains / (Losses) on Derivative Transactions Other Income (A)
141 223
1,362 1,463
569 629
4,364 64 5,663
106 117
(86) (29)
74 171
1.6 1.7
EXPENSES 2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8 2.9 Management fees 32 64 6 15 1 1 20 0 0 1 109 47 5 9 1 0 23 0 0 1 86 3,088 318 1,101 81 38 1,326 172 2 220 6,346 302 31 73 6 3 201 18 0 9 643 3,533 364 1,205 90 43 1,590 190 2 231 7,247 8 1 3 0 0 6 0 0 0 18 58 6 17 1 1 27 0 0 1 110 39 4 9 1 0 19 0 0 1 73 2,154 222 1,027 78 33 1,799 29 3 1,136 6,480 185 19 55 4 2 114 0 0 38 416 2,443 252 1,110 83 35 1,966 30 Service tax on Management fees 3 Transfer agents fees and expenses 7 Custodian fees Trusteeship fees Commission to Agents Audit fees Other operating expenses (B) 1 0 19 0 1 63
3 1,175 7,098
NET REALISED GAINS / (LOSSES) FOR THE YEAR / PERIOD (A -B = C) Change in Unrealised Depreciation in value of investments (D) NET GAINS / (LOSSES) FOR THE YEAR / PERIOD (E=(C+D)) Change in unrealised appreciation in the value of investments (F)
543 543 7
99 32 131 305
4 5 6
353
1,028
550
3,948
9,883
436
3,607
2,136
176,837
326
35,499
1,025
36,851
7.2
348 1,702
(1,485) 37,962
1,604 6,634
7.3 8 9 Total
Dividend appropriation 9.1 9.2 Income Distributed during the year / period Tax on income distributed during the year / period 123 0 1,702 426 21,644 16,318 3,024 3,610 24,667 22,179 (212) (2,278) 444 26,551 69,227 1,905 2,999 28,456 70,180
10
1.3 Disclosure in accordance with SEBI Circular No. Cir/IMD/DF/11/2010 dated August 18, 2010: i. Hedging Positions through Futures as on 31-03-2011 Options Underlying Long/Short Future Price when Purchased Nil Nil Nil Nil Nil Current Price of the Contract Nil Nil Nil Nil Nil Margin Maintained (In Lakhs) Nil Nil Nil Nil Nil
Total 0.0 %age of existing assets hedged through futures For the period 01-04-2010 to 31-03-2011 ended the following hedging transactions through futures have been squared off/expired : MSFU IT NIL MSFUPHARMA- NIL MSFUFMCG- NIL MSFU CONTRA Total Number of contracts where futures were bought Total Number of contracts where futures were sold Gross Notional Value of contracts where futures were bought (in Rs.) Gross Notional Value of contracts where futures were sold (in Rs.) Net Profit/Loss value on all contracts combined (in Rs.)* *Excluding brokerage on derivatives MSFU EBF Total Number of contracts where futures were bought Total Number of contracts where futures were sold Gross Notional Value of contracts where futures were bought (in Rs.) Gross Notional Value of contracts where futures were sold (in Rs.) Net Profit/Loss value on all contracts combined (in Rs.)* *Excluding brokerage on derivatives 603.00 603.00 16,45,59,743.10 16,56,26,569.45 10,66,826.35 194.00 194.00 6,87,63,498.85 6,30,77,664.40 (56,85,834.45)
11
Total exposure due to futures(non hedging positions)as a 0.0 %age of net assets For the period 01-04-2010 to 31-03-2011 ended the following non-hedging transactions through futures have been squared off/expired MSFU IT NIL MSFUPHARMA- NIL MSFUFMCG- NIL MSFU CONTRA Total Number of contracts where futures were bought Total Number of contracts where futures were sold Gross Notional Value of contracts where futures were bought (in Rs.) Gross Notional Value of contracts where futures were sold (in Rs.) Net Profit/Loss value on all contracts combined (in Rs.)* *Excluding brokerage on derivatives MSFU EBF Total Number of contracts where futures were bought Total Number of contracts where futures were sold Gross Notional Value of contracts where futures were bought (in Rs.) Gross Notional Value of contracts where futures were sold (in Rs.) Net Profit/Loss value on all contracts combined (in Rs.)* *Excluding brokerage on derivatives iii. iv. v. Hedging Positions through Put Options as on 31-03-2011 NIL Other than Hedging Positions through Options as on 31-03-2011 NIL Hedging Position through Swaps as on 31-03-2011 -NIL 1,472.00 1,428.00 41,65,48,862.92 44,83,62,153.21 56,40,068.33 4,202.00 4,202.00 1,14,34,31,092.29 1,12,61,09,194.67 (1,73,21,897.62)
1.4 Investment in Sponsors / Associates and Group Companies by all schemes. MSFU - CONTRA Issuer and instrument Equity shares of State Bank of India Equity shares of State Bank of Mysore Non Convertible Debentures of State Bank of India Total MSFU - EBF Issuer and instrument Equity shares of State Bank of India Equity shares of State Bank of Mysore Non Convertible Debentures of State Bank of India Total Under this scheme As at 31-03-11 Nil Nil Nil Nil As at 31-03-10 Nil 257.82 Nil 257.82 All schemes of the Fund As at 31-03-11 61,643.47 683.11 431.71 62,758.29 As at 31-03-10 51,889.87 257.82 Nil 52,147.69 Under this scheme As at 31-03-11 5,543.44 Nil Nil 5,543.44 As at 31-03-10 10,632.34 Nil Nil 10,632.34 All schemes of the Fund As at 31-03-11 61,643.47 683.11 431.71 62,758.29 As at 31-03-10 51,889.87 257.82 Nil 52,147.69
12
1.7 Aggregate Unrealised Gain / Loss as at the end of the Financial Year / Period and percentage to net assets.
1.8 Aggregate Value of Purchase and Sale with Percentage to Average Net Assets. Options Purchase Current Year % to Avg Net Assets Value 30.52 77.03 133.34 Sale % to Avg Net Assets Value 60.64 86.88 45.31 Purchase Previous Year % to Avg Net Assets Value 47 123 149 Sale % to Avg Net Assets Value 62 135 160 260 190
1.9 Non-Traded securities in the portfolio : As at 31st March 2011 Market Value MSFU IT MSFU PHARMA MSFU FMCG MSFU CONTRA MSFU EBF 2. Details of Transaction with Associates under regulation 25(8). a. Brokerage Paid to Associates/Related Parties/ Group Companies of Sponsor/AMC by all schemes Segment Name of Related Party Nature of Relationship Period Covered Value of Transaction and % of Total Value of Transactions % Equity SBICAP Securities Ltd. SG Asia Holdings (India) Pvt. Ltd. Futures & Options Debt SBICAP Securities Ltd. SG Asia Holdings (India) Pvt. Ltd. Group Company Group Company Group Company Group Company Current Year Current Year Current Year Current Year 94,065.85 Nil 998.88 Nil 3.71 0.24 179.20 Nil 0.47 Nil Brokerage & % of Total Brokerage % 4.40 0.36 Nil 10.71 Nil 9,962.77 1,986.51 % to Net Assets Value Nil 0.27 Nil 3.11 5.90 As at 31st March 2010 Market Value 5.48 Nil Nil 10,247.61 18.62 % to Net Assets Value 0.10 Nil Nil 2.87 0.09
13
Commission Paid to Associates/Related Parties/ Group Companies of Sponsor/AMC by all schemes Name of Related Party Nature of Relation Period Covered Business Given and %of Total Business Received % Anand Rathi Financial Services Ltd. Centrum Finance Ltd. SBI DFHI Ltd. SBICAP Securities Ltd. State Bank of Bikaner & Jaipur State Bank of Hyderabad State Bank of India State Bank of Indore State Bank of Mysore State Bank of Patiala State Bank of Travancore SBI Capital Markets Ltd. SBI Commercial & International Bank Ltd. Malwa Gramin Bank Uttaranchal Gramin Bank Purvanchal Gramin Bank Chattisgarh Gramin Bank Associate* Associate* Group Company Group Company Group Company Group Company Sponsor Group Company Group Company Group Company Group Company Group Company Group Company Associate* Associate* Associate* Associate* Current Current Current Current Current Current Current Current Current Current Current Current Current Current Current Current Current Total Name of Related Party Nature of Relation Period Covered Year Year Year Year Year Year Year Year Year Year Year Year Year Year Year Year Year 17,850.83 1,58,879.07 18,36,533.48 58,11,152.67 0.00 4,00,413.77 7,77,852.09 82,257.33 4,15,074.24 28,124.10 0.48 0.05 105.65 50.09 95,28,293.84 0.01 0.01 0.15 5.68 0.00 0.36 0.33 0.11 0.03 0.01 0.00 0.00 0.01 0.00 6.70 0.62 85.30 109.55 3,295.39 15.62 55.36 163.84 126.26 28.99 7.23 3.65 0.00 1.49 0.30 3,893.62 Commission paid & % of Total Commission paid by the Fund % 0.02 0.27 0.51 15.39 0.00 0.33 0.75 0.48 0.09 0.03 0.01 0.00 0.01 0.00 17.89
Commission paid & % of Total Commission paid by the Fund % 24.37 19.06 0.00 46.51 49.02 116.48 3,032.47 29.09 53.56 107.52 123.43 3,601.51 0.17 0.13 0.00 0.32 0.34 0.80 20.72 0.20 0.37 0.73 0.84 24.61
Anand Rathi Financial Services Ltd. Centrum Finance Ltd. SBI DFHI Ltd. SBICAP Securities Ltd. State Bank of Bikaner & Jaipur State Bank of Hyderabad State Bank of India State Bank of Indore State Bank of Mysore State Bank of Patiala State Bank of Travancore 0.00 Indicate amount less than Rs. 500
Associate* Associate* Group Company Group Company Group Company Group Company Sponsor Group Company Group Company Group Company Group Company
Previous Year Previous Year Previous Year Previous Year Previous Year Previous Year Previous Year Previous Year Previous Year Previous Year Previous Year Total
10,130.03 44.70 87,611.27 16,99,921.79 3,60,250.27 4,73,660.70 37,69,689.17 24,888.55 29,205.50 4,63,257.34 1,02,218.53 70,20,877.85
0.04 0.00 0.30 5.91 1.25 1.65 13.10 0.09 0.10 1.61 0.36 24.39
14
Management Fees Other Operating Charges Repurchase of Magnums (In Lakhs) Trusteeship Fee Brokerage on Issue of Magnums
Brokerage on Investments
15
16
17
18
Expenses other than management fees are disclosed inclusive of service tax. Figures of the previous year have been regrouped, wherever necessary to confirm with the current years figures. Contingent liability in respect of Underwriting Commitments, Uncalled liability on partly paid shares and other commitments are Nil (Previous Year Nil).
19
### Total Expenditure does not include loss on sale/redemption of investments, loss on inter-scheme tranfer/sale of investments, net change in unrealised depreciation in value of investments, deferred revenue expenditure amortised and Provision for Doubtful Debt, Income, Deposits.
20
### Total Expenditure does not include loss on sale/redemption of investments, loss on inter-scheme tranfer/sale of investments, net change in unrealised depreciation in value of investments, deferred revenue expenditure amortised and Provision for Doubtful Debt, Income, Deposits.
21
### Total Expenditure does not include loss on sale/redemption of investments, loss on inter-scheme tranfer/sale of investments, net change in unrealised depreciation in value of investments, deferred revenue expenditure amortised and Provision for Doubtful Debt, Income, Deposits.
22
### Total Expenditure does not include loss on sale/redemption of investments, loss on inter-scheme tranfer/sale of investments, net change in unrealised depreciation in value of investments, deferred revenue expenditure amortised and Provision for Doubtful Debt, Income, Deposits.
23
### Total Expenditure does not include loss on sale/redemption of investments, loss on inter-scheme tranfer/sale of investments, net change in unrealised depreciation in value of investments, deferred revenue expenditure amortised and Provision for Doubtful Debt, Income, Deposits.
24
Shareholder Proposals
Against elimination or restriction of shareholders right to call special meetings Against eliminating or limiting the shareholders right to act by written consent. Against limitation on the right of shareholders to remove directors to cases where there is legal cause Against the issuance of preferred stock with superior voting rights For the adoption of confidential voting and the independent tabulation of proxy ballots. For the facilitation of shareholder voting, including the provision of electronic voting For asking the Board to adopt confidential voting and independent tabulation of the proxy ballots.
25
CONFLICT OF INTEREST
The AMC is a separate entity from the activities of its two shareholders (State Bank of India and Societe Generale Asset Management). All decisions pertaining to votes will be taken in the best interest of the units holders of SBI Mutual Fund.
14-Aug-10
SHREE CEMENT
24-Aug-10 24-Aug-10
MANAPPURAM GENERAL FINANCE & LEASING LTD LARSEN & TOUBRO LIMITED
EGM AGM
26-Aug-10
AGM
For
8-Sep-10
AGM
8-Sep-10
AGM
1. To adopt audited B/s, directors report and auditors report. 2. Dividend declaration 3. Re-appointment of Directors (Mr. Engineer, Mr. Mirza, Mr. Gopalkrishnan) 4. Re-appointment & to fix remuneration of Auditors M/s. Deloitte Haskins & Sells. 5. Payment of commission to Non-Executive Directors
The Management is in favor of all the proposals except for resolution on remuneration to Whole time Directors which will be abstained from voting The Management is in favor of all the proposals
For- (all proposals except for resolution on commission to directors which is to be abstained from voting) For
26
9-Sep-10
15-Sep-10
AGM
For
16-Sep-10
Abstain
17-Sep-10
AGM
For
20-Sep-10
AGM
For
22-Sep-10
AGM
For
23-Sep-10
NTPC LTD
AGM
For
24-Sep-10
AGM
For
25-Sep-10
AGM
For
27
28-Sep-10
23-Oct-10
28-Oct-10
29-Oct-10
1. To adopt audited B/s, directors report and auditors report. 2. Appointment of Directors [Mr. V. Agarwal, Mr. Rajan Raheja, Mr, Akshay Raheja,Mr. Bharat Shah, Mr. S Mirchandani, Mr.Gorthi, Mr. D Shrotri,and reappointment of MD & CEO (Mr. K. Jayaraman) for a period of three years. 3. Amendment in the ESOP Plan 2007 (revised 2010). SUN TV NETWORK LTD Postal 1. Reappointment of Whole time Director [Mrs. Kavery Ballot Kalanithi]for a term of 5 years 2. Reappointment of Chairman and M.D.[Mr. Kalanithi Maran]for a term of 5 years INDIAN OIL CORPORATION Postal 1. Increase in Authorized Share Capital from LTD Ballot Rs.250 Crs. To Rs. 6000 Crs. 2. Amendment to Articles of Association 3. Further Issue of Equity Shares to the Public MAHINDRA & Court Scheme of Arrangement between Mahindra Shubhlabh MAHINDRA LTD. Convened Services Ltd. and Mahindra and Mahindra Ltd. Meeting ZEE ENTERTAINMENT ENTERPRISES LTD. 1. Adoption of Accounts 2. Interim/ Final Dividend 3. Appointment of Directors( Mr. Goel, Mr. N C Jain & Prof R Vaidhyanathan) & Auditors(M/S MGB & Co) 4. Reappointment of M.D & CEO (Mr. Punit Goenka) 5. Payment of commission to Non-Executive Directors 6. Subdivision of Shares 7. Proposal for Issue of Bonus Shares Court Scheme of Arrangement between Pantaloon Retail (I) Convened Ltd and Future Value Retail Ltd. Meeting AGM 1. Adoption of Accounts 2. Declare Dividend 3. Appointment of Directors (Mrs. B Deshpade, Mr. V.K. Chopra, Mr. G. Biyani, Mr. K Bhatia) & Auditors 4. Increase in Equity Capital Postal Creation of Mortgage / Charge in favor of Banker(s), Ballot Mutual Fund(s), and other lenders to secure borrowings upto limit of Rs. 2500 Crores. Postal 1. Subdivision of Shares Ballot 2. Alteration of Memorandum of Association 3. Alteration of Articles of Association Postal Sub-division of 17,50,00,000 equity shares from face Ballot value of Rs 2/- per share to Re 1/- per share Postal Ballot 1. Inter corporate investment / loans/ deposits/ debt/ securities to specified companies. 2. Increasing limits of the Performance Bonus of Mr Milind Korde. 3. Increasing limits of flexible compensation of Mr. Pirojsha Godrej 1. To make investment / provide securities /guarantee under 372A for upto 10000 crores. 2. 293(1)(a) - transfer of substantial undertaking Preferential Issue of ordinary shares and warrants to Tata Sons Limited - Ordinary shares/ Warrants and 81(1A) 1. Re-appointment and Remuneration of MD (Mr. Chandak) 2. Split/ Subdivision of shares Corresponding amendment in MoA and AoA AGM
The Management is in favor of all the proposals The Management is in favor of all the proposals The Management is in favor of all the proposals The Management is in favor of all the proposals exceptfor resolution on commission to directors to be abstained The Management is in favor of all the proposals The Management is in favor of all the proposals
For
For
For
29-Oct-10
For (to all proposals except for resolution on commission to directors to be abstained) For
3-Nov-10
For
6-Nov-10
UNITED BREWERIES (HOLDINGS) LTD. SUN PHARMACEUTICAL INDUSTRIES LTD. COROMANDEL INTERNATIONAL LTD GODREJ PROPERTIES LTD.
Abstain
8-Nov-10
3-Dec-10
7-Dec-10
The Management is in favor of all the proposals The Management is in favor of all the proposals The Management is in favor of all the proposals
For
For
For
10-Dec-10
GVK POWER & INFRASTRUCTURE LTD. THE INDIAN HOTELS COMPANY LTD KEC INTERNATIONAL LTD
13-Dec-10
18-Dec-10
The Management For is in favor of all the proposals The Management For is in favor of all the proposals The Management For is in favor of all the proposals
28
20-Dec-10
LUPIN LTD.
20-Dec-10
Postal Ballot Postal Ballot Notice Postal Ballot Notice Postal Ballot Notice Postal Ballot Notice Postal Ballot Notice AGM
1. Re-appointment of Dr. Desh Bandhu Gupta as Executive Chairman and remuneration. 2. Re-appointment of Mrs. M. D. Gupta as Executive Director and remuneration thereof 81(1A) for ESOPs
For
20-Dec-10
20-Dec-10
1. Changes in articles subsequent to sale of shares by Venture Capital 2. Alteration of AoA amendment pursuant to exiting shareholder 81(1A) issue of 27 lakh shares under ESOPs
Abstain
21-Dec-10
22-Dec-10
Subdivision of shares
22-Dec-10
22-Dec-10
27-Dec-10
28-Dec-10
10-Feb-11
Postal Ballot Notice GAMMON INFRASTRUCTURE Postal PROJECTS LTD. Ballot Notice MRF LTD. AGM
Increase in authorized capital (amendment to MoA and AoA) Issue of further shares -81(1A) 1. Adoption of Accounts 2. Declare Dividend 3. Appointment of Directors(Mr. Jalan & Gen Malil) & Auditors ( Haribhakti & Co, Pathak H D, Price Waterhouse & Chaturvedi & Shah) 4. Payment of commission to non executive Directors. up to 3% of Net profits Main Object Clause to be amended to allow construction and developments activities 372A approval - Inter corporate investment / loans/ deposits securities to specified companies 1. To adopt B/s, P & L, Directors & Auditors Report. 2. Declare Dividend final dividend of 190% & Special dividend of 250% on paid up capital. 3. Appointment of Directors (Mr.Mammen, Mr.Kirloskar, Mr.Phillip, Mr.Mappillai, Mr. Vaidya) & Auditors (M/s.Sastri & Shah & M.M.Nissim & Co.) 4. Increase limit of borrowing powers upto 3000 crs. 5. approving mortgage/ creation of charge under section 293(1)(a) of the companies act,1956 1. Adoption of Accounts 2. Interim/ Final Dividend 3. Appointment of Directors(Mr.Mirza, Mr.Brar, Mr.Serafini, Mr. Doraisamy, Mr. Reiners, Mr. Brossard) & Auditors (M/s S R Batliboi & Co.) 4. Proposal for granting Restricted Stock Units 2011Plan 5. Payment of Remuneration to Non-Exe Directors Preferential allotment of 1,20,00,000 warrants convertible to equity share of Rs 1 each at a price of Rs. 57.25 to two companies forming part of the Promoter Group. Amendment of Memorandum to include objects linked to existing business 1. Routine Business. 2. Issue of further shares for a value of upto Rs.2,000 crore
The Management is in favor of all the proposals The Management is in favor of all the proposals The Management is in favor of all the proposals The Management is in favor of all the proposals The Management is in favor of all the proposals except for payment of commission to be abstained
For
For
For
For
For (to all proposals except for payment of commission to be abstained) Abstain
The Management is in favor of all the proposals The Management is in favor of all the proposals
For
For
24-Feb-11
MPHASIS LTD.
AGM
Abstain
7-Mar-11
EGM
The Management is in favor of all the proposals The Management is in favor of all the proposals
For
17-Mar-11
22-Mar-11
For
Abstain
29
24-Mar-11
SIEMENS LTD.
24-Mar-11
25-Mar-11
26-Mar-11
26-Mar-11
28-Mar-11 29-Mar-11
EGM EGM
29-Mar-11
29-Mar-11
AGM
AGM
29-Mar-11
AGM.
29-Mar-11
AGM
29-Mar-11 31-Mar-11
31-Mar-11
The Management is in favor of all the proposals Resolution for buy back of equity shares by the company The Management under sectiion 77A of the Companies Act is in favor of all the proposals Proposal to issue 18laksh 10% Optionally Convertible Management Debentures of F.V of Rs.100/- to Kingfisher Finvest suggested to vote India Ltd. against for Two reasons: One, the stock trades at an 81% discount to the market value of its investments. Two, the price of conversion is uncertain; the stock being illiquid, the risk of conversion below current market price (which, itself, is not acceptable) is high Sub-division of shares from present Rs 5/- paid up to The Management Rs. 1/- paid up is in favor of all the proposals 1. To increase Number of Board of Directors from The Management 15 to 20 is in favor of all the 2. Approval to make/give loans, advances, ICDs to any proposals other body corporate 3. Ratification of Corporate Guarantee to ICICI Bank for USD. 15.5 Million Proposal to issue 3,63,68,024 equity shares of Rs.10/for cash at a premium of Rs.892.14 Proposal to issue 3,08,77,100 share to Govt of India The Management at SEBI determined prices. is in favor of all the proposals To adopt Audited a/cs, declare dividend, appoint The Management auditors(M/s. Price Waterhouse & Co.) and authorize is in favor of all BOD to fix auditors remuneration the proposals To adopt audited a/cs, appoint /reappoint Directors The Management (Mr.Bhabha, Mr. Shivkumar, Mr. Pimplikar)/auditor is in favor of all the (M/s. B.S.R. & Co.) proposals To adopt audited a/cs, appoint/reappoint Directors The Management (Mr.Nayak, Mr. Narayanan, Mr. D. Sundaram, is in favor of all the Mr. Kapadia)/auditor(M/s Price Waterhouse & Co.), proposals Declare Dividend on Equity Shares 1. To adopt audited a/cs, Re-appointment of directors The Management (Ms. Vidya, Mr. Kaluti, Mr. Yalgi) / Appointment of is in favor of all auditor, Declaration of dividend. the proposals 2. Special resolution for allotting 10,613,000 shares to employees and directors under ESOPs. Proposal to issue 3,63,68,024 equity shares of Rs.10/for cash at a premium of Rs.892.14 Ordinary Resolution for payment of increased The Management remuneration to Chairman and Managing Director is in favor of all the (Mr. Mammen) proposals 1. Alteration in the object clause of MOA of the Company. The Management 2. To allow the management to contribute to or to run is in favor of all and manage educational institutions. the proposals 3. To enable the company to provide corporate guarantees to Bank, Financial Institutions etc.
Resolution to issue and allot shares in compliance with the provisions of the Takeover code
For
Against
For
For
Abstain For
For
For
For
For
Abstain For
For
30