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Change of custodians

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SBI Mutual Fund has announced the change in custodians of the Magnum Balanced Fund, Magnum Gilt Fund, Magnum Children Benefit Plan, Magnum Insta Cash Fund, Magnum Monthly Income Plan from ABN AMRO, "Brady House", 14 Veer Nariman Road, Fort, Mumbai to Citibank N.A., First Floor, Ramnord House, 77 Annie Besant Road, Worli, Mumbai with effect from February 7, 2005