SBI Mutual Fund Schemes

Scheme Name

SBI Magnum TaxGain

Scheme 1993 Regular Plan Dividend

SBI - ETF Nifty 50

SBI Ultra Short Term

Debt Fund - Growth

SBI Dynamic Bond

Fund - Growth

SBI Blue Chip Fund Regular Plan - Growth

Curre
nt
NAV

36.37

Scheme
Category

Equity ELSS

11.344

1,935.
22

Ultra Short
Term Plans

8.3991

17.89

Income Medium
Term

26.87

Equity Large-cap

74.96

35.43

SBI Emerging
Businesses Fund Regular Plan - Growth

87.07

Equity Mid-cap

SBI Magnum
Balanced Fund -

25.72

Balanced
Funds -

Quarterly Average Asset

Under Management
(AUM) Cr.

2,551.29

7%

ETF Equity
Based

Income Medium
Term

SBI Magnum Income

Fund - Growth

1 Year
Return
%

12.265

2,140.73

0%

4.6848
%

5.4539

2,078.02

2,016.29

2,013.55

5.2411
%

5.0832

1,871.02

1,185.28

3.3760

1,118.93

Scheme Name

Curre
nt
NAV

Regular Plan Dividend

Scheme
Category

1 Year
Return
%

Equity

SBI Savings Fund Regular Plan - Growth

23.35

Ultra Short
Term Plans

8.1720

SBI - ETF Gold

2,792.
57

Gold ETFs

14.565

SBI Magnum Gilt

Fund - Long Term Regular Plan - Growth

31.71

Gilt - Long
Term

4.9889

55.99

Equity Mid-cap

SBI Magnum MidCap

Fund - Regular Plan Growth

SBI Magnum
Multiplier Fund Regular Plan Dividend

78.98

SBI - ETF Sensex

256.4
4

ETF Equity
Based

17.14

Equity Contra

SBI Contra Fund Regular Plan Dividend

Equity Mid-cap

1%

1.8492

Quarterly Average Asset

Under Management
(AUM) Cr.

1,030.64

917.58

916.23

906.25

7.1637

819.09

10.933

665.02

1%

11.940
4%

619.27

Scheme Name

SBI Magnum Global

Fund - 1994 - Regular
Plan - Dividend

Curre
nt
NAV

45.68

Scheme
Category

Equity Mid-cap

SBI Gold Fund Regular Plan - Growth

9.41

Gold Fund of
Fund

SBI Small & Midcap

Fund - Regular Plan Growth

30.14

Equity Mid-cap

SBI Magnum Equity

Fund - Regular Plan Dividend

29.96

Equity Large-cap

SBI Corporate Bond

Fund - Regular Plan Growth

23.63

Income Medium
Term

1 Year
Return
%

8.3028

Quarterly Average Asset

Under Management
(AUM) Cr.

612.12

10.044
6%

2.0072
%

8.2031

469.26

398.98

390.54

9.0152
%

359.8

IMAGE PROFILE ANALYSIS OF LEADING BRANDS OF

LAPTOP AMONG CONSUMERS OF DULIAJAN TOWN
Project Report
On
A Study of Financial Planning and Mutual Funds,
And
Analysis of various Product Offerings of Standard Chartered Bank

CHAPTERBRIEF INTRODUCTION AND FLAGSHIP FUNDS OF TOP FIVE AMCS AND SC AMC
Details of top five AMCs & SCB AMC
Prudential ICICI Asset Management Company Ltd.
Reliance Capital Asset Management Ltd.
HDFC Asset Management Company Ltd
Templeton Asset Management (India) Pvt. LTD
Birla Sun life Asset Management Company Ltd.
Standard Chartered Asset Management Company Pvt. Ltd.
Flagship product of these AMCs
CHAPTER
HISTORY OF SCB AND VARIOUS FINANCIALPRODUCT OFFERINGS
History & Development of SCB
Various Financial Offerings of SCB

Details of top five AMCs & SCB AMC

Prudential ICICI Asset Management Company Ltd.
Brief Introduction :
Prudential ICICI asset Management Company limited is an investment management
company and a 55:45 joint venture between Prudential Corporation PLC, UK, and ICICI LTD.,
India. Both companies are financial giants, and each is a major player in its field. prudential
corporation PLC, UK was incorporated in 1848, as a provider of insurance products. through its
investments, it controls approximately 4% of all the listed shares on the second largest stock
exchange in the world, the London stock exchange, making it one of the largest institutional
investors in the UK. ICICI LTD. was established in1955 by the World Bank, the government of
India and representatives of Indian industry, to promote the industrial development of India by
providing project and corporate finance to Indian industry. Prudential ICICI asset management
company limited has been incorporated with a capital of rs. 65 crores. this investment- way
above the stipulated norm of Rs. 10 crores, represents a strategic long-term commitment, on the
part of both partners, to the rapidly expanding financial services sector in India. in short span of
14 months, prudential ICICIs product portfolio has grown from 2 closed ended funds to 8 open
ended funds and 2 closed ended funds.
No. of schemes
No. of schemes including options
Equity schemes
Debt schemes
Short term debt schemes

77
192
33
108
25

Equity & Debt

Gilt Fund

4
7

Key personnel :
K.V. Kamath (Chairman), Pankaj Razdan (CEO), Nilesh Shah (CIO), B. Ramakrishnan
( CFO), Mrugank M. Parajape (VP), Kalyan Prasath (VP), Abhaya Jogle.
Fund Manager :
Anil Sarin, Sankaran Naren, Deven Sangoi, Prashant Kothari, Yokesh Bhatt, Chaitanya Pande, Jignesh
Shah, Pankaj Kaji, Rahul Goswami,
4.1.2. Reliance Capital Asset Management Ltd.
Brief Introduction :
Reliance Capital Asset Management Ltd., the investment manager of Reliance Capital
Mutual Fund ( RCMF), is a company incorporated under the Companies Act, 1956 with limited liability.
RCMF is a 100% subsidiary of Reliance Capital Limited. Reliance Capital Limited is a member of
Reliance Group and has been promoted by Reliance Industries Limited (RIL), one of Indias largest
private sector enterprises. Setting a fast pace of growth, RCL in a short span of time has established its
presence in the finance sector by rapidly expanding its operations into Leasing, Bill Discounting,
Merchant Banking, Investment Banking and a member of OTCEI

No of schemes
No. of schemes including options
Equity schemes
Debt schemes
Short-term debt schemes
Equity & Debt
Gilt Fund

33
106
36
44
18
1
7

Key Personnel :
Anand Jain ( Chairman), P. S. Gopalakrishnan, Shailesh Vaidya, V.H. Pandya, D.J. Kapadia,
K Rajagopal ( CIO), L D Vaidya ( Chief Compliance Officer), Chetan Mankame.
Fund Managers :
Kunj Bansal. Mr. Jitendra Jain, Prashant Pimple, Tushar Pradhan, Ashwani Kumar, Sunil
Singhania, Sailesh Raj Bhan, Amit Tripathi.
4.1.3. HDFC Asset Management Company Ltd.

Brief Introduction :
HDFC Asset Management Company Ltd. was incorporated under the Companies Act,
1956, on December 10, 1999, and was approved to act as an AMC for the Mutual Fund by SEBI on June
30, 2000. The sponsor HDFC was incorporated in 1977 as first specified housing finance institution in

India. HDFC provides financial assistance to individuals, corporate and developers for the purchase and
construction of residential housing. It also provides property- related services, training and consultancy.
In the mutual fund venture, HDFC has tied up with Standard life, one of the leading Insurance Companies
in the United Kingdom, Having vast experience in management of funds. HDFC has developed a strong
and dedicated team of agents that market its fixed deposit products. These key partners would constitute
the backbone of the marketing and distribution network of Mutual Fund and will remain a central theme
of the organizational framework in times to come.
No. of schemes
No. of schemes including options
Equity Schemes
Debt Schemes
Short term debt schemes
Equity & Debt
Gilt Fund

45
99
21
45
17
6
10

Key Personnel :
Deepak S. Parekh (Chairman), Iain Lumsden, P. M. Thampi, Hoshang S. Billimoria,
Humayun Dhanrajgir, Renu S. Karnad, Deepak, Milind Barve (MD & CEO), Sanjoy Bhattacharyya
(CIO), Iqbal Jugari (Compliance Officer).
Fund Managers :
Srinivas Rao Ravuri, Prashant Jain, Tushar Pradhan, Dhawal Mehta, Anil Bamboli, Shabbir
Kapasi, Shobhit Mehrotra.
4.1.4. Templeton Asset Management (India) Pvt. Ltd.
Brief Introduction :
Templeton Asset Management Company, a company incorporated under the Companies
Act, 1956, is a part of the Franklin Templeton Group. The Sponsor of the Fund Templeton International
Inc., is a wholly owned subsidiary of Templeton Worldwide Inc., which in turn is a wholly owned
subsidiary of Franklin Resources Inc. The Franklin Templeton Group is one of the worlds largest
Investment Management Companies. It has over 50 years of experience in International Investment
Management with 34 offices in over 23 countries, which service over 10 million unit holders. Templeton
started operations in Mumbai, India in January 1996. Templeton in India has 8 different funds. Templeton
has eleven offices including in Mumbai, Delhi, Calcutta, Pune, Chennai, Bangalore, Cochin and
Hyderabad.
No. of schemes
No. of schemes including options

58
134

Equity Schemes
Debt Schemes
Short-term debt schemes
Equity & Debt
Gilt Fund

34
56
16
6
10

Key Personnel :
Gregory E. Johnson ( Chairman), J. Mark Maobius, Deepak Satwalekar, Navroz H. Seevai,
P.Vaidyanathan, Rajan Raheja, Vijay C. Advani, Ravi Mehrotra (CEO), B Swaminathan ( Head of
Operations), Vivek Pai ( compliance officer), Gaurav Nagori.
Fund Managers :
J Mark Mobius, K. N. Siva Subramanian , Sukumar Rajah, Satish Ramanathan, Sakumar
Rajah, Anil Prabhudas, S.Chellappa, Sachin Padwal-Desai, Santosh Kamath, Ninad Deshpande.
4.1.5. Birla Sun life Asset Management Company Ltd.
Brief Introduction :

A joint venture between sun life assurance company, the Canada-based financial service
organization and the Indian industrial house of Aditya Birla, this AMC was launched in the mid90s. both the partners are well known in all areas that they operate in. while ADITYA BIRLA is a
household name in India and has renowned brands in business spread across industries as wide
ranging as aluminums (HINDALCO), textiles (GRASIM), fertilizers (Indo- Gulf), finance
(BIRLA GOBAL FINANCE LTD.) and rayon (India Rayon), sun life is a leading financial
service organization in north America. Sun life provides services related to risk management,
money management and wealth management across globe. Having established itself at Toronto
in 1871, it has now spread its wings across Asia pacific, U.S.A. and U.K. it also has a significant
presence through MFS investment management in U.S. and spectrum united mutual funds in
Canada. The major strengths of the group are its expertise drawn from managing assets over the
globe, a big agent network and an ability to cater to the need of people. drawing on the expertise
of a worldwide staff of over 10000 people and a network of more than 65000 agents and
distributors, sun life is committed to providing not just products and services, but solutions for
clients financial risk management needs.
No. of schemes
No. of schemes including options
Equity Schemes
Debt Schemes
Short-term debt schemes
Equity& debt
Gilt Fund

71
161
35
86
17
4
13

Key Personnel :
K.M. Birla ( Chairman), Ashok Goyenka, Donald Stewart, Douglas Henck, S.K. Mitra, S.S.
Raman.
Fund Managers :
Navneet Munot, A. Balasubraminian, Abhijit Sarkar, Ajay Argal, Ajay Garg, Ankit
Sancheti, Atul Penkar, Gaurav Kapur, Jayesh Gandhi, Lokesh Mallya, Mahesh Patil, Maneesh Dangi,
Nishit Dholakia, Satyabrata Mohanty, Sharad Ramnarayanan.
4.1.6. Standard Chartered Asset Management Company Pvt. Ltd.
Brief Introduction :
The fund was established on March 13, 2000. Now the management of the fund has been
taken over by Standard Chartered Bank, the UK based banking conglomerate. The name of the AMC too
has been changed from ANZ AMC. Previously sponsored by ANZ Banking Group, Australia, this fund
has been set up its operations in the year 2000. Australia and New Zealand Banking Group Limited, the
previous sponsor of the fund, is a leading international bank and is also one of theBig Four Australian
commercial banks providing a full range of banking and financial services with total assets of US $ 97.35
billion as on 30th Sept, 1999. ANZ Funds Management is a core business unit of the group and is one of
Australias large fund managers. It has a full range of investment products and services managing more
than AUD $ 13267.7 million in customer funds on 30 th Sept., 1999. ANZ Banking Group has significant
presence in 35 nations from the Middle East through South Asia and East Asia to the Pacific.
No. of schemes
No. of schemes
Equity Schemes
Debt Schemes
Short term Debt Schemes
Gilt Fund

45
134
8
90
19
13

Key Personnel :
Michael Jeffrey ( Chairman ), A. C. Shah, Atul C. Choksey, Naval Birr Kumar (MD &
CEO), Pradip Madhavji, Bakul Patel, Nita Mehta (Compliance Officer), Kantish Salian.
Fund Managers :
Manoj Swain, Rajiv Anand, K Mukund, Suyash Choudhary, Kaushal Singh.

The Flagship products of top 5 AMC and SC AMC1

Pru ICICI Power-G

Fund Rating

Fund Style

Portfolio Characteristics
As on 30/06/06

Asset Allocation
As on 30/06/06

Average Mkt Cap (Rs Cr)

12,960.16

Market Capitalization

% of Portfolio

Giant

37.54

Large

26.39

Mid

29.19

Small

6.87

Tiny

--

Investment Valuation
Portfolio P/B Ratio

Stock Portfolio
4.69

Portfolio P/E Ratio

20.60

Portfolio Concentration
% Net Assets

As on 30/06/06

% Net Assets

Equity

89.05

Top 3 Sectors

33.10

Debt

0.00

Top 5 Holdings

22.01

Others

10.95

Top 10 Holdings

36.20

1. http://www.valueresearchonline.com/funds/newsnapshot.asp?schemecode=183

Sector Weightings
As on 30/06/06

% Net Assets

Energy

12.88

Financial Services

11.25

Basic/Engineering

8.97

Diversified

8.93

Technology

7.84

FMCG

7.69

Automobile

7.62

Metals & Metal Products

6.08

Construction

3.52

Chemicals

3.32

Health Care

2.50

Services

2.33

Textiles

1.29

Fig. 4.2(a) : Portfolio representation of the flagship fund( Power -G) of Prudential ICICI
Management Company Ltd.
Indicative Investment Horizon- 5 yrs & more
Fund Rating

Reliance Growth-G
Fund Style

Asset Allocation

Portfolio Characteristics
As on 30/06/06
Average Mkt Cap (Rs Cr)

3,453.03

Market Capitalization

% of Portfolio

Giant

12.52

Large

12.02

Mid

55.84

Small

19.62

Tiny

--

Investment Valuation
Portfolio P/B Ratio

Stock Portfolio
4.51

Portfolio P/E Ratio

19.58

Portfolio Concentration

Asset

% Net Assets

As on 30/06/06

% Net Assets

As on 30/06/06

Equity

94.42

Top 3 Sectors

35.67

Debt

0.00

Top 5 Holdings

19.38

Others

5.58

Top 10 Holdings

32.04

Sector Weightings
As on 30/06/06

% Net Assets

Metals & Metal Products

9.76

Chemicals

9.72

Technology

8.63

Health Care

7.52

Basic/Engineering

7.24

Diversified

7.12

Textiles

6.16

FMCG

6.06

Financial Services

6.05

Energy

5.33

Services

3.08

Automobile

1.56

Fig. 4.2(b) : Portfolio representation of the flagship fund(Reliance Growth-G ) of

Reliance Capital Asset Management Ltd.
Objective- The primary investment objective of the scheme is to achieve long-term
growth of capital by investing in equity and equity- related
securities through a research based
investment approach.
Indicative Investment Horizon- 5 yrs & more

HDFC Equity-G

Fund Rating

Fund Style

Portfolio Characteristics
As on 30/06/06

Asset Allocation
As on 30/06/06

Average Mkt Cap (Rs Cr)

17,751.25

Market Capitalization

% of Portfolio

Giant

46.58

Large

29.77

Mid

17.44

Small

4.24

Tiny

--

Investment Valuation
Portfolio P/B Ratio

Stock Portfolio
6.26

Portfolio P/E Ratio

28.63

Portfolio Concentration
% Net Assets

As on 30/06/06

% Net Assets

Equity

98.09

Top 3 Sectors

48.03

Debt

0.00

Top 5 Holdings

37.43

Others

1.91

Top 10 Holdings

61.43

Sector Weightings
As on 30/06/06

% Net Assets

Technology

17.69

Automobile

16.07

Energy

14.27

Basic/Engineering

13.88

FMCG

11.02

Services

9.96

Financial Services

7.09

Chemicals

3.52

Metals & Metal Products

1.92

Textiles

1.53

Health Care

1.14

Fig: 4.2(c) Portfolio representation of the flagship fund (Equity -G) of HDFC Asset
Management Company Ltd.
Objective- To achieve capital appreciation.
Indicative Investment Horizon- 5 yrs & more
Fund Rating

Franklin India Prima-G

Fund Style

Portfolio Characteristics
As on 30/06/06

Asset Allocation
As on 30/06/06

Average Mkt Cap (Rs Cr)

1,736.46

Market Capitalization

% of Portfolio

Giant

--

Large

12.79

Mid

57.37

Small

28.18

Tiny

0.21

Investment Valuation
Portfolio P/B Ratio

Stock Portfolio
3.92

Portfolio P/E Ratio

18.44

Portfolio Concentration
% Net Assets

As on 30/06/06

% Net Assets

Equity

90.28

Top 3 Sectors

44.22

Debt

0.00

Top 5 Holdings

28.13

Others

9.72

Top 10 Holdings

44.74

Sector Weightings
As on 30/06/06

% Net Assets

Diversified

17.23

Health Care

14.95

Automobile

12.04

Basic/Engineering

11.05

FMCG

9.03

Construction

8.51

Chemicals

5.60

Services

4.76

Textiles

2.32

Financial Services

1.60

Metals & Metal Products

0.33

Fig. 4.2(d) : Portfolio representation of the flagship fund( Prima -G) Templeton
Management (India) Pvt. LTD

Asset

Objective- Aims to provide long term capital appreciation as primary

income as secondary objective.

objective

Fund Rating

Birla Advantage-G
Fund Style

Portfolio Characteristics
As on 30/06/06
Average Mkt Cap (Rs Cr)

16,444.91

Market Capitalization

% of Portfolio

Giant

45.66

Large

24.96

Mid

27.86

Small

1.50

and

Asset Allocation
As on 30/06/06

Tiny

--

Investment Valuation
Portfolio P/B Ratio

Stock Portfolio
6.72

Portfolio P/E Ratio

26.67

Portfolio Concentration
% Net Assets

As on 30/06/06

% Net Assets

Equity

90.09

Top 3 Sectors

47.30

Debt

0.00

Top 5 Holdings

27.93

Others

9.91

Top 10 Holdings

48.82

Sector Weightings
As on 30/06/06

% Net Assets

Technology

22.31

Financial Services

13.55

FMCG

11.44

Automobile

8.47

Health Care

6.77

Diversified

6.13

Services

6.01

Basic/Engineering

5.70

Construction

4.39

Chemicals

4.04

Metals & Metal Products

1.26

Fig:4.2(e)Portfolio representation of the flagship fund( Advantage -G) of Birla Sun life Asset
Management Company Ltd.

Objectives - An Open-ended growth scheme with the objective to achieve long-term growth of
capital at relatively moderate levels of risk through a diversified research based investment
approach.
Fund Rating
Not Rated

Standard Chartered Classic Equity-G

Fund Style

Portfolio Characteristics
As on 30/06/06

Asset Allocation
As on 30/06/06

Average Mkt Cap (Rs Cr)

19,445.44

Market Capitalization

% of Portfolio

Giant

54.56

Large

22.65

Mid

16.35

Small

6.44

Tiny

--

Investment Valuation
Portfolio P/B Ratio

Stock Portfolio
6.54

Portfolio P/E Ratio

23.26

Portfolio Concentration
% Net Assets

As on 30/06/06

% Net Assets

Equity

93.17

Top 3 Sectors

38.55

Debt

1.85

Top 5 Holdings

27.03

Others

4.98

Top 10 Holdings

44.70

Sector Weightings
As on 30/06/06

% Net Assets

Technology

13.94

FMCG

12.53

Automobile

12.07

Energy

11.95

Diversified

8.13

Metals & Metal Products

7.75

Basic/Engineering

7.33

Construction

6.39

Health Care

5.51

Services

2.08

Chemicals

1.68

Fig.4.2(f) :
Portfolio representation of the flagship fund( Classic Equity -G)
of Standard Chartered Asset Management Company Pvt. Ltd.
Objectives The investment objective of the scheme is to seek to generate long term capital
growth from a diversified portfolio of predominantly equity and equity related instruments.
Ideal Investment Horizon -1-10 years

HISTORY OF SCB AND VARIOUS FINANCIAL PRODUCT

OFFERINGS

Bank Profile /History & development of Standard Chartered Bank

A brief history of standard Chartered:
It was a result of a merger in 1969 between Standard Bank of British South Africa founded in
Port Elizabeth in 1862 and Chartered Bank of India, Australia and China founded by Royal
Charter in 1853.
Standard Chartered- leading the way in Asia, Africa and the Middle East :
Following the acquisition of Korea First Bank, Standard Chartered now employs 38,000
people in 950 locations in more than 50 countries in the Asia Pacific Region, South Asia, the Middle East,

Africa, the United Kingdom and the America. Standard chartered is one of the worlds most international
banks, with employees representing 80 nationalities.
Standard Chartered PLC is listed on both the London Stock Exchange and the Stock
Exchange of Hong \Kong and is in the top 25 FTSE-100 companies by market capitalization.
It serves both Consumer and wholesale banking customers. Consumer banking provides
credit cards, personal loans, mortgages, deposit taking and wealth management services to individuals
and small to medium sized enterprises. Wholesale banking provides corporate and institutional clients
with services in trade finance, cash management, lending, securities services, foreign exchange, debt
capital markets and corporate finance.
Standard Chartered is well- established in growth markets and aims to be the right partner
for its customers. The Bank combines deep local knowledge with global capability.
The Bank is trusted across its network for its Standard of governance and its commitment
to making a difference in the communities in which it operates.
SCB strategic intent :
What it want to be?
The Worlds best international bank.
Leading the way in Asia, Africa and the Middle East
India Development of SCB
Their Ambition The Best Bank in the Region
Brand promise
The right partner
Living their Brand- SCB Values :

Courageous :

They approach opportunities with an open mind. Where appropriate, they challenge
conventions and take the lead.

Where they see rewards, they face up to the risks, giving it their personal best. They perceive
with energy and enthusiasm.

Responsive :

The better they know people, the more they can help. They use every means

available

to

listen, understand and demonstrate.

They promptly respond to their needs and proactively suggest better solutions.

International :

They are at home with a variety of cultures and offer the best of all worlds by combining their
international expertise with local insights.

They embrace differences and recognize individuals and communities for their contributions.

Creative :

They meet challenges with innovative approaches and fresh thinking. They think laterally and
build on each others ideas.

They apply their experience and expertise to deliver superior solutions.

Trustworthy :

They live up to the trust people put in them and consistently deliver on what they
promise.

As a team, they are accountable together and are transparent in their actions.

They believe in the highest standards of discipline and conduct.

Various Financial Offerings of SCB

Savings Accounts
Purpose and Description :

The Savings account is a transaction account wherein a deposit is placed with the bank
for an unspecified period of time. The depositor can withdraw the money whenever required
through any of the following means:

Cheques transfer, through an ATM (by ATM or ATM-cum-Debit cards).

Standing

instructions, remittances, VISA Money transfer, by making purchases made on a linked Debit Card at
merchant establishments.

Savings Account Product Offering :

Axcess Plus Savings Account

Super Value Savings Account

Parivaar Savings Account

2-in-1 Axcess Plus Account

Debit Card

Axcess Plus Savings Account

Key Features :

Free access to cash at over 13000 VISA ATMs in India.

4 cash withdrawals free every month from any VISA ATM.

No. of SCB ATMs in India-161.

Multi-city cheque book @ Rs 248/25 leaves.

Globally valid VISA Electron debit card @Rs 220 (1st year charges).

365 branch banking.

24 hours branch banking.

Super Value Savings Account

Key Features :

Free debit card-initial charges/ annual charges (unlike Rs 220 in Axcess Plus).

Free Demand Draft/ Pay Orders on SCB locations.

Free Payable at Par cheques (unlike Rs. 248/25 leaves in Axcess Plus).
Free FIRCs (unlike Rs110 in Axcess Plus).
Waiver of stop payment charges (unlike Rs 110 in Axcess Plus)

 Waiver of charges for cheque deposit returns.

Free investment & insurance Advisory Service.
Parivaar Savings Account
Key Features :

Lower AQB to be maintained.

Individuality of all the account is maintained.

More accounts with lesser AQB.

Wealth Accumulation (SIP).

All other features and benefits of the Axcess Plus savings account.
2-in-1 Accounts

Combination of transaction account and Fixed Deposit.

Option of maintaining Average Quarterly Balance in the following combination.

AQB

Transaction Account

Option 1

Rs 10000/- (Savings)

Option 2

Rs 50000/- (Current)

Option 3

Zero (Savings or Current)

Fixed Deposit
Rs. 50000/Rs. 50000/Rs. 100000/-

ATM/ Debit card facility

Cheque book
Automatic withdrawal from Fd for shortfall in transaction account.
Subsequent deposits can be made with Rs 10000 or Rs 25000
75% deposit withdrawal from ATMs
Multi-city Banking
Phone Banking/ Extended Banking hours
Internet Banking Services
Logistics

Current Account
Purpose & Description :
A current account is a transaction account wherein a initial deposit is placed with the bank
for an unspecified time period.
The depositor can withdraw the money whenever required through any of the following
means:

Issuing a cheque

Transfers through instructions / internet banking

Withdrawal through an ATM

Standing debit instructions

Purchases made on a linked Debit Card at merchant establishments

(No interest is payable on any type of Current Accounts.)

Eligibility :
Account may be opened in the name of persons and bodies mentioned below upon being
properly introduced in a manner approved by the Bank and laid down in the process Notes
Adult individuals
Sole Proprietorship concerns
Partnership Firms
Private/ Public Limited Companies
Associations, Clubs, Societies, Trusts or other institution
Joint Hindu Family Account
Non Residents
Accounts of Foreigners and Foreigners controlled firms
Foreign currency accounts in India
Current Account Products :

Business Plus 50 K

Enhanced Business Plus

Group Enhanced Business Plus

2 in 1 Current Accounts

Business Plus Current Account

Product

Entry level Current Account

Positioning

Everything you wanted in a Current Account

Average Minimum Quarterly balance : Rs. 50,000

Target

customers

Small/Mid

segment

business

establishment

self

employed/Traders/exporters/retailers/Trust/Associations etc. Currently banking with PSU/Pvt.

Indian Banks.
Key features :

Free monthly statements

Free Drafts/ PO payable at SCB branch locations- 2 per day OR 75

Free Payable at Par Cheque book

Logistics offer- Cash delivery/ pick-up, cheque pick-up, pay order

Limit: Rs 1 lac. For charges please refer schedule of

per quarter

delivery

charges

National clearing Speed Service- 4 days clearing guaranteed

Express cheque collection at 58 locations-7 days clearing guaranteed

Free cheque collection- our branch locations

Enhanced Business Plus Current Account

Product: upgrade current account/ value Added Preposition

Positioning: A current account that makes your money work most effectively

Average Minimum Quarterly balance: Three OptionEBP 100-Rs 100000 Average Qtrly balance
EBP 500-Rs 500000 Average Qtrly balance
EBP1000-Rs 1000000 Average Qtrly balance

Target customers: same as Business Plus Current Account

Group Enhanced Business Plus Account

Max

Need for the Product :

Current Account customers who own multiple business need to hold separate bank accounts
for each of the businesses

This leads to the customers having to maintain and track minimum balance requirements
separate for each account

The concept of a Group Current Account, stems from the need to be able to maintain and
track various related accounts under an umbrella group and derive benefits of operating
these accounts as a group

A Group Current Account would be a group of current accounts linked together by virtue
of the business/family/business group operating these accounts.
Priority Banking :
At priority banking, they help you plan, build and protect your wealth. Their expert

advisors design a customized financial plan for you, taking into consideration your financial needs
and goals as well as those of your family and your business. Their range of products and services
caters to your banking, investment and insurance needs at every stage of your life. At the same time,
periodic reviews and updates help one to maintain the value of what one have built over the time.
Membership to the priority banking program :
Membership to the priority banking program is by invitation only. To be eligible for
enjoying the exclusive privileges of priority banking, one needs to maintain a quarterly average
balance of Rs.20 Lakhs in any one or combination of the following products of the bank:

Savings Accounts

Term Deposits

Business plus current account

2-in-1 Accounts

Asset under Management (AUM) of investments made through the bank

OR

One may maintain a quarterly average balance of Rs.10 Lakhs in ones priority
banking Enhance Business Plus Current Account.
Services given free under it are:

Cheque Book- personalized cheque book and personalized multicity cheque book

Debit/ATM Card

Demand Draft under specified locations.

Pay order(SCB Branches)

Cancellation/ Revalidation

Lost/Duplicate Instrument

Funds Transfer

Doorstep banking

Internet banking

Global Privileges- emergency cash at overseas

Demat Accounts

Credit Card
Non Resident Accounts :
Non Resident Indians can open the following accounts:

Non Resident Ordinary Account ( NRO A/c)

Non Resident External Account ( NRE A/c)

NRO A/c
Like any other resident account. It can be maintained in Rupees and the balance and

interest earned is not repatriable except as specified below:

Interest earned on the account and the current income like pensions , dividends, rent etc that
are credited to the account are repatriable subject to producing the appropriate certificate
from chartered account.

Funds can be repatriated up to USD 1million ( equivalent) per year out of balance held in
NRO accounts for all benefits/ purposes to the satisfaction of authorized dealer.

All legitimate dues can be credited into the account ( however a resident Indian cannot give
loan to an NRI, the reverse is possible)
NRE A/cKey features :

Repatriable account as the credits allowed in the account are restricted only to foreign
inward remittances and some other credits pf repatriable nature

Account is maintained in rupees

Can be maintained as Savings A/c, Current A/c or a Term Deposit

Funds from abroad

Funds from NRE/ FCNR accounts

Foreign Currency

Refunds from house building agencies

It was observed during the internship at SCB that the bank was promoting Secured First
product of Bajaj Allianz which was a Unit Linked Insurance Plan.
Secured First A plan that takes care of your insurance and investment requirements.

Whats unique about Secure First?

Double Risk Cover- Guaranteed twice the sum assured is payable on death;
Graded Allocation- Silver 30%; Gold 50% & Platinum 76%;
Flexi Maturity It can mature anytime you choose during the term of the contract, after 5
years.
The following are the key features of this product

Whole life plan

A major part of premiums are invested.

Sum Assured can be increased or decreased as per the need of the client. The minimum
S.A. is 5 times the annual premium to avail the section 10(10D) benefit.

Withdrawal Facility: One can any time after 3 years withdraw partially or whole amount
from your fund value.

Surrender of policy: One can anytime surrender the policy also after 5 years.

Additional Benefits: Riders like accidental death benefit, critical illness, hospitalization
benefit rider.

Top Ups: It is additional lump sum money that a client can in any interval put in his policy
which immediately increases the investment component of the policy.

Premium Holiday: A client just has to pay 3 years premium and after that he can go for
premium holiday and his policy continues with full benefits.

Transparency on single penny of your investment allocation.

Allocation of fund option:

- Equity Index Fund
- Equity Mid Cap Fund
- Debt Fund
- Balance Fund
- Cash Fund

Fund Switching: 3 free switches allowed per year.

Good Returns: Equity market gives an average return of almost 12-14%.

Tax Benefit:
- u/s 80C on premium paid up to Rs. 1 lakh.
- u/s 10(10)D on any withdrawals partial or full.

Nomination facility is their

Free look cancellation: within 15 days of the receipt of the policy one have the option to
cancel his/her policy.