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NFO closes 28th April, 2009 Fund Facts: l 1 unit gold ETF is approximately 1 gram of gold. l Minimum initial investment is Rs. 5000/- and in multiples of Re. 1/- thereafter with no upper limit during the NFO period. l NAV disclosed on every business day. SBI Gold Exchange Traded Scheme (SBI GETS) is a passively managed open ended Gold Exchange Traded Scheme, which offers investors an innovative, relatively cost-efficient and secure way to access the gold bullion market. Gold Exchange Traded Fund (Gold ETF) is intended to offer investors a means of participating in the gold bullion market without taking physical delivery of gold, and to buy and sell units on Stock Exchange.

Call: 1800 22 30 40 • SMS 'SBIGETS' to 56161• Visit: www.sbimf.com

What is SBI Gold Exchange Traded Scheme (SBI GETS)? It is an Open-Ended Gold Exchange Traded Fund, which would invest in gold and endeavor to track the price of gold. The investment objective of the scheme is to seek to provide returns that closely correspond to returns provided by price of gold through investment in physical Gold. However the performance of the scheme may differ from that of the underlying asset due to tracking error. SBI GETS may thus be considered as a means of investing in gold without taking physical delivery of gold. Units are being offered on a face value of Rs. 100 /- each (subject to applicable load) and issued at a premium equivalent to the difference between allotment price and the face value of Rs. 100/- during the New Fund Offer. Each unit of SBI GETS will be approximately equal to the closing price of 1 gram of gold on the date of allotment.

Asset Allocation: Instruments

Indicative allocations (% of total assets)

Risk Profile

Maximum

Minimum

High/Medium/Low

Gold and gold bullion

100%

90%

Medium to High

Debt & Money Market Instruments

10%

0%

Low

What are the benefits of investing in SBI GETS? Ø Efficient diversification - for your investment portfolio. Ø Easy Liquidity - through stock exchange. Ø Ease of operations - through demat account. Ø Hedge against inflation - to protect your wealth. Ø Cost effective – No making charges and premia, as incurred in Jewellery and physical gold. Ø Secure – Each unit is backed by physical Gold held in secured vaults Ø Assured Purity - All gold bullion held in the scheme shall be of fineness of 995 parts per 1000. Ø Smaller unit size - You can invest in as low as one unit of SBI GETS i.e. approximately equal to one gram of Gold.

SBI GETS and Physical Gold – A comparative chart Benefits

Physical Gold

SBI GETS

Control on quality of gold

No

Yes

Cost of holding

High

Low

Risk of theft

Yes

No

Available in small denominations

Yes

Yes

Investment horizon

Long term

Long term

Requirements for subscribing units of SBI GETS Ø Units of SBI GETS will be available only in dematerialized form. Ø An investor is required to have beneficiary account with Depository Participants of NSDL/CDSL and will be required to indicate in the application the DP’s name, DP ID number and its beneficiary account no. with DP.

STEPS IN BUYING SBI GETS During New Fund Offer (NFO): Investments can be made through duly filled application form along with cheque favoring SBIMF – SBI Gold Exchange Traded Scheme. Application can be made at our Investor Service Centers / Investor Service Desks or through any official points of acceptance of SBI Mutual Fund.

During Continuous Offer: Post NFO i.e. during continuous offer, investors can buy and sell units of SBI GETS from National Stock Exchange, just like any other listed security. The minimum number of units that can be bought or sold through the stock exchange is 1 (one) unit. Authorized Participants (APs) ensure liquidity for SBI GETS units in the stock exchanges where the units are listed. APs offer buy and sell quotes in the market such that buy and sell orders get executed in the market subject to price compatibility.

Secondary Market (Through a Broker): Step 1: Open a trading & demat account with a broker registered with National Stock Exchange (in case you don’t have an existing one) Step 2: Place an order for SBI GETS units with your broker. Step 3: Broker executes the order on the NSE terminal Step 4: Broker confirms the order to you and issues Contract Note for the trade Step 5: You issue the Demat instructions and the Cheque for the purchase consideration (in case the DP and Broker are different) Step 6: Units are credited to your demat account on Trade Day + 2nd day Similar process applies for sale transactions.

Why should you invest in SBI GETS? SBI GETS would invest in Gold & Gold Bullion, and endeavour to track the price of gold. Gold as an asset class has shown relatively good performance in the past, investing in gold acts as an effective portfolio diversifier. The following table illustrates returns of gold: Period

Returns from Gold (CAGR %)

1 yr

17.22

2 yr

28.36

3 yr

24.36

4 yr

25.14

5 yr

21.11

(Returns as on March 24, 2009. Source: Bloomberg; The above returns are of London Bullion Market Association (LBMA) gold. Past performance may or may not be sustained in the future.)

Why SBI Mutual Fund? SBI Mutual Fund, one of the country’s premier fund houses, with over 20 years of rich experience in fund management, is a joint venture between the State Bank of India, India’s largest bank and Société Générale Asset Management, one of the world’s leading fund management companies. Today SBI Mutual Fund is one of the largest AMC in the country managing assets over Rs. 27600 crores (as on February 28th 2009. Source: www.amfiindia.com). The fund house serves its vast family of over 5.5 million investors (Calculated on the basis of live folios as on 28/02/2009) by reaching out to them through a network of over 200 points of contact.

NFO closes 28th April, 2009

INVESTOR SERVICE CENTRES / INVESTOR SERVICE DESKS NORTH Investor Service Centres Chandigarh : (0172) 2709728, 2711869 Gurgaon : (0124) 4200828 Jaipur : (0141) 2567354, 2574134 Kanpur : (0512) 2331631 Lucknow : (0522) 2286741, 2286742 Ludhiana : (0161) 2449849, 2449859 New Delhi : (011) 23466666 Investor Service Desks Agra : (0562) 3255061 Ajmer : (0145) 2426284 Allahabad : 09838070470 Amritsar : (0183) 2221755 Bhatinda : 09914208415 Dharamshala: 09805344257 Dehradun : (0135) 2651719 Faridabad : 09999029351 Ghaziabad : (0120) 2797582 Gorakhpur : 09918001822 Hissar : 09729008415 Jammu : 09906909643 Jalandhar : 09855669498 Jhansi : 09838476959 Jodhpur : 09929098355 Kota : (0744) 2390631 Meerut : 09927239025 Moradabad : (0591) 2411411 Noida : (0120) 4232214 Panipat : 09896152400 Patiala : 09814488415 Shimla : (0177) 2807608 Srinagar : 09419023946 Varanasi : (0542) 2222492

SOUTH Investor Service Centres Bengaluru : (080) 22272284, 22122507, 22123784, Chennai : (044) 28331384, 28331385, 42317230 Coimbatore : (0422) 2540666, 2541666 Ernakulam : (0484) 2323489, 2318886 Hyderabad : (040)24756241, 24756066, Thiruvananthapuram : (0471) 6457051, 6457053, Vijayawada : (0866)2574113, 2578215

EAST Investor Service Centres Bhubaneshwar : (0674) 2392501 Guwahati : (0361) 2463747, 2463704 Kolkata : (033) 22882339, 2882341 Patna : (0612) 2219232, 3242047 Ranchi : (0651) 2213413 Siliguri : (0353) 2537065, 2534206

WEST Investor Service Centres Ahmedabad : (079) 26423070, 26423060 Bhopal : (0755) 2557341, 4288277 Bhilai : (0788) 4010955, 2273261, 2272344 Goa : (0832) 6642475, 2235283 Indore : (0731) 4045944 Mumbai : (022) 66532800 Nagpur : (0712) 6458368 Pune : (020) 25761524, 25670961 Surat : (0261) 3994800 Vadodara : (0265) 2323010

Investor Service Desks

Investor Service Desks Dhanbad : (0326) 2301545 Durgapur : (0343) 2544191 Howrah : 09830766584 Jamshedpur : 09934360079 Rourkela : (0661) 2512311

Investor Service Desks Anand : 09638046060 Aurangabad : (0240) 3244781 Bhavnagar : 09979920842 Chinchwad : (020) 32605966 Gwalior : 09977500199 Jamnagar : 09979869990 Jabalpur : 09977500198 Kolhapur : 09822243954 Nashik : (0253) 6575888 Raipur : (0771) 2543355 Rajkot : (0281) 2239437 Thane : (022) 25401690

Belgaum

: 09980972463

Bellary

: 09740072463

Calicut Hubli

: 09995806400, : (0836) 2368477

Madurai

: (0452) 4374242

Mangalore

: (0824) 2445892

Mysore

: (0821) 4242919

Rajahamundry

: 09959911874

Salem

: 09715888008

Tirupathi

: (0877) 6450828

Trichy

: (0431) 4000667

Thirunalveli

: (0462) 4220023

Vishakhapatnam Warangal

: (0891) 3293018 : 09959911873

Name of Scheme: SBI Gold Exchange Traded Scheme (SBI GETS). Type of Scheme: An open ended gold exchange traded scheme. Investment Objective: The investment objective of the fund is to seek to provide returns that closely correspond to returns provided by price of gold through investment in physical Gold. However the performance of the scheme may differ from that of the underlying asset due to tracking error. Asset Allocation: Gold and gold bullion – 90 – 100 %, Debt & Money Market Instruments – 0 – 10%. Minimum Investment size: Rs. 5000/- and in multiples of Re. 1 thereafter. Load Structure: Entry Load: Up to Rs. 25 Lakhs - 2.50 %, From Rs. 25 Lakhs to Rs. 50 Lakhs - 1.50%, From Rs. 50 Lakhs to Rs. 1 Crore - 1.00 %, Rs. 1 Crore and above – Nil, Exit Load: Nil. Terms of Issue: Liquidity: To provide liquidity to investors, the units of SBI GETS would be listed in the National Stock Exchange. Risk Factors: Mutual Funds and Securities Investments are subject to market risks and there is no assurance or guarantee that the objective of scheme will be achieved.As with any other investment in securities, the NAV of the Units issued under the scheme can go up or down depending on the factors and forces affecting the securities market. Past performance of the Sponsor/AMC/Mutual Fund/Scheme(s) and their affiliates do not indicate the future performance of the scheme of the Mutual Fund. SBI Gold Exchange Traded Scheme is only the name of the scheme and does not, in any manner, indicate either the quality of the scheme or its future prospects and returns. The NAV of the units is closely related to the value of gold held by the scheme. The value (price) of gold may fluctuate for several reasons and all such fluctuations will result in changes in the NAV of units under the scheme. The factors that may effect the price of gold, among other things, include demand and supply for gold in India and in the Global market, Indian and Foreign exchange rates, Interest rates, Inflation trends, trading in gold as commodity, legal restrictions on the movement/trade of gold that may be imposed by RBI, Government of India or countries that supply or purchase gold to/from India, trends and restrictions on import/export of golden jewellery in and out of India, etc. There is no Exchange for physical gold in India. The Mutual Fund may have to buy or sell gold from the open market, which may lead to counter party risks for the Mutual Fund for trading and settlement. The returns from physical Gold in which the Scheme invests may under perform returns from the securities or other asset classes. There is a risk that part or all of the Scheme's gold could be lost, damaged or stolen. Access to the Scheme's gold could also be restricted by natural events or human actions. Any of these actions may have adverse impact on the operations of the scheme and consequently on investment in units. As the scheme proposes to invest not less than 90% of the net assets in Gold, the Scheme is a passively managed scheme and provides exposure to Gold and Gold bullion and tracking its performance and yield as closely as possible. The Schemes’ performance may be affected by a general price decline in the Gold prices. The Scheme invests in the physical Gold regardless of their investment merit. The Mutual Fund does not attempt to take defensive positions in declining markets. Investors may note that even though this is an open-ended scheme, they will have to buy or sell units of the scheme on the stock exchanges where these units are listed for liquidity at the market price, subject to the rules and regulations of the exchange. Tracking error may have an impact on the performance of the scheme. However the AMC will endeavour to keep the tracking error as low as possible. Sizeable demand or supply of the units on exchange may lead to market price of the units to quote at premium or discount to NAV. Hence the price of SBI GETS is less likely to hold significant variance (large premium or discount) from the latest declared NAV all the time. Conversion of the underlying physical Gold to GETS may attract capital gains tax depending on acquisition cost and holding period. Repurchase of GETS or sale of GETS through stock Exchange may attract capital gain tax depending upon the holding period of the units. SBI GETS is not an equity oriented Fund; therefore, tax benefit related to equity oriented Fund will not be available. The Mutual Fund is not assuring any returns nor is it assuring that it will make periodic distributions by way of dividends. NSE Disclaimer: It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Scheme Information Document has been cleared or approved by NSE nor does it certify the correctness or completeness of any of the contents of the Draft Scheme Information Document. The investors are advised to refer to the Scheme Information Document for the full text of ‘Disclaimer Clause of NSE’. In the preparation of the material contained in this document, We have used certain information that is publicly available as well as information developed in-house. Information gathered and used in this document is believed to be from reliable sources. The AMC however does not warrant the accuracy, reasonableness and/or completeness of any information. For data reference to any third party in this material no such party will assume any liability for the same. All recipients of this material should before dealing and/ or transacting, need to make their own investigation, seek appropriate professional advice and read the scheme information document carefully before investing. Statutory details: SBI Mutual Fund has been set up as a trust under the Indian Trusts Act, 1882. State Bank of India (‘SBI’), the sponsor is not responsible or liable for any loss resulting from the operation of the schemes beyond the initial contribution made by it of an amount of Rs. 5 lakhs towards setting up of the mutual fund. Asset Management Company: SBI Funds Management Private Limited (A joint venture between State Bank of India & Société Générale Asset Management). Trustee Company: SBI Mutual Fund Trustee Company Private Limited. A copy of the Scheme Information Document and Key Information Memorandum alongwith the application form may be obtained from our ISC’s, ISD’s, SBI Mutual Fund Corporate Office, SBI MF agents or can be downloaded from website – www.sbimf.com. Please read the Scheme Information Document carefully before investing.

SBI Funds Management Pvt. Ltd. (A joint venture between SBI and Société Genéralé Asset Management) Head Office : 191, Maker Tower 'E', Cuffe Parade, Mumbai-400 005. Tel: (022) 2218 0221-27 • Fax: (022) 2218 9663

Call: 1800 22 30 40 • SMS 'SBIGETS' to 56161• Visit: www.sbimf.com