SBI Mutual Funds(http://www.sbimf.com/), the joint venture between the State Bank of India, country’s largest bank and SGAM (Société Générale Asset Management, France) will be celebrating the Akshaya Tritiya week across select branches across the country from April 22, 2009 to April 28, 2009.

Mr Srinivas Jain, Chief Marketing Officer, SBI Mutual Fund said, “We are observing a discerning trend in preference for Gold ETF(Gold Exchange Traded Scheme ) as an alternate investment avenue on the eve of Akshay Tritiya. We have received queries from our investors and distributors on it being an auspicious occasion to invest in Gold ETFs,”.

The week-long celebration is thus aimed at creating awareness about the Gold Exchange Traded Scheme as an investment option amongst the investing class.

Speaking about the initiative, Mr. Achal Kumar Gupta, MD & CEO, SBI Mutual Fund, said,” On behalf of SBI Mutual Fund, I would like to wish everyone a very Happy Akshaya Tritiya. On this auspicious occasion we are celebrating the Akshaya Triitiya week across select branches, so that our customers can avail of this alternative avenue of investing in gold. Gold ETF is the most efficient way of owning Gold as it acts as an important hedge in the portfolio. Since buying gold has great significance on this day, we hope our investors will make use of this opportunity.”

SBI Gold Exchange Traded Scheme (SBI GETS), is a passively managed open ended mutual 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. The launch of SBI GETS is significant as the offering comes from a premier fund house as SBI MF, which enjoys strong support and parentage of State Bank of India, the leader in banking and financial services industry in India.

SBI Gold Exchange Traded Scheme (SBI GETS) will offer you an innovative, cost-efficient and secure way to invest in Gold. Buying a single unit of SBI GETS would be equivalent to buying approximately one gram of physical Gold.

SBI GETS Fund Facts:

• 1 unit of SBI GETS is equivalent to approximately 1gm of gold
• Minimum initial investment is Rs. 5000/- and in multiples of Re. 1/- thereafter with no upper limit
• Post NFO and listing, SBI GETS units can be easily traded like a security on the National Stock Exchange
• NAV would be declared on every business day

Investment objective of SBI GETS:

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:

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