Overview
SBI Floating Rate Debt Fund Direct Growth
SBI Mutual Fund
The scheme seeks to generate regular income through investment in a portfolio comprising substantially of floating rate debt instruments. The scheme may invest a portion of its net assets in fixed rate debt securities swapped for floating rate returns and money market instruments.
Investments in SBI Floating Rate Debt Fund Direct Growth are subject to market risks. Please read the offer document carefully before investing to understand the potential market risks and rewards.
Latest NAV
₹ 13.2757
Fund Size (AUM)
₹1226.01 Cr
Risk
Low to Moderate (Risk rating: 7/10)
Minimum Investment
Lumpsum: ₹ 5000
SIP: ₹500
Launch Date
27-Oct-2020
Expense Ratio
0.26%
Exit Load
Exit load of 0.10%, if redeemed within 3 days.
Benchmark
NIFTY Short Duration Debt Index A-II
Standard Deviation
0.78
History
Performance & Ratios
1-Year SIP Return
7.86%
3-Year SIP Return
7.92%
5-Year SIP Return
N/A
Mean Return
N/A
Alpha
4.04
Beta
1.53
Sharpe Ratio
1.1
Sortino Ratio
1.24
Information Ratio
5.38
Returns
| 1Y | 3Y | 5Y | All Time | |
|---|---|---|---|---|
| Fund Returns | 9.1% | 7.6% | N/A | 5.52% |
| Category Average | 9.3% | 7.37% | 6.6% | N/A |
| Rank Within Category | 10 | 6 | N/A | N/A |
Holdings (16)
| Company | Sector | Instrument | Assets |
|---|---|---|---|
| GOI | Sovereign | GOI Sec | 44.74% |
| Pipeline Infrastructure (India) Pvt. Ltd. | Construction | Debenture | 6.42% |
| GOI | Sovereign | GOI Sec | 4.55% |
| Madhya Pradesh State | Others | SDL | 4.12% |
| National Bank For Agriculture & Rural Development | Financial | Debenture | 4.12% |
| GOI | Sovereign | GOI Sec | 4.12% |
| Citi Corp Finance Ltd | Financial | Debenture | 4.09% |
| John Deere Financial India Pvt. Ltd. | Financial | Debenture | 4.07% |
| Union Bank of India | Financial | CD | 3.9% |
| Canara Bank | Financial | CD | 3.88% |
Holdings Analysis
Peer Comparison
Peer Comparison
| Fund Name | AUM (₹ Cr) | 1Y Return (%) | 3Y Return (%) | Expense Ratio (%) | Rating |
|---|---|---|---|---|---|
| Franklin India Floating Rate Fund Direct Growth | 313.67 | 10.18 | 8.24 | 0.28 | N/A |
| HDFC Floating Rate Debt Fund Direct Plan Growth | 14724.14 | 9.27 | 7.83 | 0.26 | N/A |
| Tata Floating Rate Fund Direct Growth | 108.68 | 9.4 | 7.61 | 0.33 | N/A |
| Aditya Birla Sun Life Floating Rate Direct Fund Growth | 13274.93 | 8.63 | 7.49 | 0.22 | N/A |
| UTI Floater Fund Direct Growth | 1384.92 | 8.08 | 7.08 | 0.45 | N/A |
SIP, STP & SWP Details
Systematic Investment Plan (SIP):
Frequency: Monthly
Min Amount: ₹ 500
Multiplier: 1
Systematic Transfer Plan (STP):
Frequency: MONTHLY
Dates: Any day of the month
Min Amount: ₹ 500
Min Installments: 6
Systematic Withdrawal Plan (SWP):
Frequency: MONTHLY
Dates: Any day of the month
Min Amount: ₹ 500
Min Installments: 1
AMC Details
Asset Management Company
SBI Mutual Fund
SBI Mutual Fund started their mutual fund on 29/06/1987 and its managing total assets of ₹1,88,455 Cr. Its ranked at 5 as per total assets at end of 30th Sep 2017. SBI Mutual Fund employs robust strategies to manage market risks, but investments remain subject to market risks. Please read the fund’s documentation for detailed risk management policies.
With a robust and wealthy history of the State Bank of India cluster, SBI Funds Management Pvt. Ltd. has been serving to millions of investors through their years of experience. With a wide network of over 222 service points across India, SBI has been delivering to value and create trust amongst investors. They have systematically delivered the optimum worth to its investors over the years. SBI Funds Management company has joined the key players within the Indian investment trust business with an array of funds in multiple sectors like money establishments, native and international quality management corporations, pension funds, etc. SBI MF has conjointly unified end-to-end made-to-order quality management product for establishments, discretionary and non-discretionary portfolio management services.
SBI Funds Management has been effectively managing and guiding India’s dedicated offshore funds since 1988. SBI Funds Management is famed because it was the 1st bank to come up with ‘SBI Resurgent Asian nation Opportunities Fund’. The target for these funds was to supply investors with never-before opportunities in semi-permanent growth in capital in a very kind of stocks of Indian corporations.
Launch Date
1987-06-29T00:00:00.109Z
Total AUM
₹ 1063207.02 Cr
Address
9th Floor-Crescenzo, C-38 & 39-G Block, Bandra-Kurla Complex,Bandra (East) Mumbai 400051
Phone
022-61793000 / 1800-425-5425
Website
Sub Type
Gilt
Sub Type Info
Invest predominantly in Government Securities(minimum 80% of total assets). They are relatively more risky than the other debt funds due to fluctuating interest rates.
Tax Impact
Returns are taxed as per your Income Tax slab.
Stamp Duty
0.005% (from July 1st, 2020)
Fund Manager Details
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SBI Floating Rate Debt Fund Direct Growth
SBI Mutual Fund
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Frequently Asked Questions
How is the overall rating calculated?
The overall rating for SBI Floating Rate Debt Fund Direct Growth is an aggregate score based on performance metrics (returns over 1, 3, and 5 years), risk-adjusted returns (Sharpe and Sortino ratios), and consistency relative to its category. Ratings are on a scale of 1 to 5, with 5 being the highest.
What are the top stocks of SBI Floating Rate Debt Fund Direct Growth?
The top stocks held by SBI Floating Rate Debt Fund Direct Growth include GOI, Pipeline Infrastructure (India) Pvt. Ltd., GOI.
Which industries does SBI Floating Rate Debt Fund Direct Growth invest in?
SBI Floating Rate Debt Fund Direct Growth primarily invests in the following industries: Sovereign, Construction, Others.
Who are the fund managers of SBI Floating Rate Debt Fund Direct Growth?
The fund managers of SBI Floating Rate Debt Fund Direct Growth are Rajeev Radhakrishnan and Ardhendu Bhattacharya and Pradeep Kesavan.
How many years has the fund manager been managing SBI Floating Rate Debt Fund Direct Growth?
Rajeev Radhakrishnan:
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Ardhendu Bhattacharya:
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Pradeep Kesavan:
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What is the minimum investment for SBI Floating Rate Debt Fund Direct Growth?
The minimum investment for SBI Floating Rate Debt Fund Direct Growth is ₹5000 for lumpsum investments and ₹500 for SIPs.
What are the average 1-year returns for SBI Floating Rate Debt Fund Direct Growth?
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What are the average 3-year returns for SBI Floating Rate Debt Fund Direct Growth?
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What is the expense ratio of SBI Floating Rate Debt Fund Direct Growth, and how does it compare to its category?
The expense ratio of SBI Floating Rate Debt Fund Direct Growth is 0.26%. The average expense ratio for similar funds in the Debt is Calculating....