SBI Corporate Bond Fund Direct Growth

SBI Corporate Bond Fund Direct Growth

Debt

Direct

Corporate Bond

NAV as on 06-12-2024

₹ 15.19

-0.1%

1D

Inception Returns

7.4%

/yr

About SBI Corporate Bond Fund Direct Growth

SBI Corporate Bond Fund Direct Growth is a debt fund. This fund was started on 1 February, 2019. The fund is managed by Ardhendu Bhattacharya, Rajeev Radhakrishnan. This fund is suitable to keep your money safe.

Key Parameters

  1. SBI Corporate Bond Fund Direct Growth has ₹20916 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.4.

Returns

SBI Corporate Bond Fund Direct Growth has given a CAGR return of 7.41% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.71%, 6.33% and 6.71% respectively.

Holdings

SBI Corporate Bond Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are 7.1% Govt Stock 2034, National Bank For Agriculture And Rural Development, 6.79% Govt Stock 2034, Tata Communications Limited, India Universal Trust Al1

Taxation

As it is a corporate bond mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
For short term (less than 3 years) capital gains will be taxed at your income slab rate.
For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.
Dividends will always be taxed at slab rate.

Investment objective of SBI Corporate Bond Fund Direct Growth

The investment objective will be to provide the investors an opportunity to predominantly invest in corporate bonds rated AA+ and above to generate additional spread on part of their debt investments from high quality corporate debt securities while maintaining moderate liquidity in the portfolio through investment in money market securities.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. SBI Corporate Bond Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
175 people have invested ₹ 33.6L in SBI Corporate Bond Fund Direct Growth in the last three months

SBI Corporate Bond Fund Direct Growth Overview

Expense ratio0.35%
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM₹20916 Cr
Inception Date1 February, 2019
Min Lumpsum/SIP₹5000/₹500
Exit Load0%
Lock InNo Lock-in
TurnOver
97.89%
STCGSelling mutual fund within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Moderate Risk

Trailing Returns

as on (06-Dec-24)

Period
SBI Corporate Bond Fund Direct Growth
Corporate Bond Index
1M
0.7%
0.6%
3M
2.2%
1.8%
6M
4.6%
4.1%
1Y
8.7%
8%
3Y
6.3%
5.8%
5Y
6.7%
6.2%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
99%

AA
1%

Sector Allocation

Oct'24

Sep'24

Aug'24

Corporate
66%
Government
27.9%
Cash Equivalent
6.1%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 20.6K Cr
₹ 20.2K Cr
₹ 20.2K Cr
  • AUM of the fund stands at 20.6K Cr as of Oct'24
  • AUM increased by 393.4 Cr between Oct'24 and Sep'24
Cash allocation has gone up from 2.9% to 5.8%
Cash allocation has gone up from 2.9% to 5.8%
Debt allocation has gone down from 96.8% to 93.9%
Debt allocation has gone down from 96.8% to 93.9%

Top 2 Sectors in October were Corporate, Government

Oct'24
Corporate
66%
Government
28%
Sep'24
Corporate
69%
Government
29%
  • Debt & Cash

Holdings
Weight%
1M Change
7.1% Govt Stock 2034
7.1% Govt Stock 2034
9.92%
52.9%
National Bank For Agriculture And Rural Development
National Bank For Agriculture And Rural Development
4.67%
0%
6.79% Govt Stock 2034
6.79% Govt Stock 2034
4.56%
0%
Tata Communications Limited
Tata Communications Limited
3.12%
0%
India Universal Trust Al1
India Universal Trust Al1
3%
0%
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Ardhendu Bhattacharya
Ardhendu Bhattacharya
Fund Manager of SBI Corporate Bond Fund Direct Growth, since 1 December 2023
Rajeev Radhakrishnan
Rajeev Radhakrishnan
Fund Manager of SBI Corporate Bond Fund Direct Growth, since 1 February 2019
Fund House
SBI Funds Management Ltd
Total Schemes
Total AUM
₹7.84L Cr
as on 31-Oct-2024
Address
9th Floor, Crescenzo,,C-38 & 39, G Block, Bandra Kurla Complex,,Bandra (East), Mumbai
Phone
91-22-66142900
Website
partnerforlife@sbimf.com

Mutual Fund Insights

Insights icon
In the last 3 years, Nippon India Corporate Bond Fund Direct Plan Growth Plan has given 6.96% return, outperforming this fund by 0.63% per annum.
Insights icon
Over the last 1 month, this fund has increased expense ratio by 2.9% moving from 0.34 to 0.35.
Insights icon
In the last 5 years, Axis Corporate Bond Fund Direct Growth has given 7.46% return, outperforming this fund by 0.75% per annum.
Insights icon
This fund has one of the lowest expense ratio in the category (corporate bond). Its expense ratio is 0.35% which is lower than the category average expense ratio of 0.5%.
Insights icon
Over the last 1 month, this fund has experienced a 2.2% growth in AUM moving from 20.47K Cr to 20.91K Cr.
Insights icon
In the last 1 year, Nippon India Corporate Bond Fund Direct Plan Growth Plan has given 9.22% return, outperforming this fund by 0.51%.

SBI Corporate Bond Fund Direct Growth Highlights

Risk meter
pointer

Moderate Risk

Investors understand that their principal will be at Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 7.41% since inception which is more than its category average return of 5.71%
AUM size ₹20916 Cr

AUM size ₹20916 Cr

This fund has AUM of ₹20916 Cr which is more than its category average of ₹ 6841 Cr
Expense Ratio 0.35%

Expense Ratio 0.35%

This fund has an expense ratio of 0.35% which is less than its category average expense ratio of 0.59%

Frequently Asked Questions for SBI Corporate Bond Fund Direct Growth

The current NAV of SBI Corporate Bond Fund Direct Growth is ₹15.19 as on 06-Dec-2024.
Existing (Absolute + CAGR) as on 06-Dec-2024.
SBI Corporate Bond Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.74%
0.74%
6 Month Returns
4.59%
4.59%
1 Year Returns
8.71%
8.71%
3 Years Returns
20.22%
6.33%
5 Years Returns
38.35%
6.71%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.35% as on November 2024
₹20916 Cr as on November 2024
7.1% Govt Stock 2034(9.92%), National Bank For Agriculture And Rural Development(4.67%), 6.79% Govt Stock 2034(4.56%), Tata Communications Limited(3.12%), India Universal Trust Al1(3%) as on November 2024
Corporate(68.47%), Government(25.86%), Cash Equivalent(5.67%) as on November 2024
Yield to Maturity is 7.46 as on November 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 3.62 as on November 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
99.03
AA
0.97
Ardhendu Bhattacharya, Rajeev Radhakrishnan are the fund managers of SBI Corporate Bond Fund Direct Growth
The Exit load of SBI Corporate Bond Fund Direct Growth is 0%