SBI Corporate Bond Fund Direct Growth
SBI Corporate Bond Fund Direct Growth

SBI Corporate Bond Fund Direct Growth

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Debt
Direct
Corporate Bond

NAV: ₹ 13.6 as on 02-06-2023

Fund Performance
zero opening, trading, fund transfer fee
97 people have invested ₹ 23.7L in SBI Corporate Bond Fund Direct Growth in the last three months

Fund Insights

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In the last 1 year, HSBC Corporate Bond Fund Direct Plan Growth Plan has given 8.46% return, outperforming SBI Corporate Bond Fund Direct Growth by 1.51%

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In the last 3 years, Nippon India Corporate Bond Fund Direct Plan Growth Plan has given 6.59% return, outperforming SBI Corporate Bond Fund Direct Growth by 1.16% per annum

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Over the last 3 months, SBI Corporate Bond Fund Direct Growth has decreased expense ratio by 2.9% moving from 0.35 to 0.34

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SBI Corporate Bond Fund Direct Growth has one of the lowest expense ratio in the category (corporate bond). Its expense ratio is 0.34% which is lower than the category average expense ratio of 0.47%

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Over the last 6 months, SBI Corporate Bond Fund Direct Growth has experienced a 18.6% growth in AUM moving from 15.36K Cr to 18.22K Cr

About the Fund

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

Key Parameters

  1. SBI Corporate Bond Fund Direct Growth has a NAV of ₹13.6 as on 02-06-2023.
  2. SBI Corporate Bond Fund Direct Growth has ₹18220 Cr worth of assets under management (AUM) as on 30-04-2023 and is more than category average.
  3. The fund has an expense ratio 0.3.

SBI Corporate Bond Fund Direct Growth Overview

Expense ratio
Expense ratio
0.34%
Benchmark
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM
AUM
₹18220 Cr
Inception Date
Inception Date
1 February, 2019
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹500
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
110.25%

Fund Distribution as on (30-Apr-23)

  • Debt & Cash 100%

Credit rating breakup

AAA
99.3%
AA
0.7%

Sector Allocation

Mar'23

Feb'23

Corporate

54.5%

Government

38.5%

Cash Equivalent

7%

Top Holdings of SBI Corporate Bond Fund Direct Growth as on (31-May-23)

  • Debt & Cash

Debt Holdings109
Holdings
Weight%
1M Change
7.38 6/20/2027 12:00:00 Am
7.38 6/20/2027 12:00:00 Am
4.84%
0%
7.26 8/22/2032 12:00:00 Am
7.26 8/22/2032 12:00:00 Am
4.37%
0%
L&T Metro Rail (Hyderabad) Limited
L&T Metro Rail (Hyderabad) Limited
3.65%
0%
Power Finance Corporation Ltd.
Power Finance Corporation Ltd.
3.6%
0%
7.26% Govt Stock 2033
7.26% Govt Stock 2033
3.27%
0%

SBI Corporate Bond Fund Direct Growth: Monthly Changes Updates

All changes are between Feb'23 and Apr'23

Fund Performance

Apr'23
Mar'23
Feb'23
Fund Returns
0.20%
0.20%
0.20%
Corporate Bond Index
0.25%
0.25%
0.25%
  • This fund’s returns stands at 0.20% whereas the fund’s underlying benchmark Corporate Bond Index returns stands at 0.25% as on Apr'23
  • This fund underperformed Corporate Bond Index by 0.05% in Apr'23

AUM Change

Parameters
Mar'23
Feb'23
AUM
₹ 17.7K Cr
₹ 16.5K Cr
  • AUM of the fund stands at 17.7K Cr as of Mar'23
  • AUM increased by 1.2K Cr between Mar'23 and Feb'23

Fund Portfolio Changes

SBI Corporate Bond Fund Direct Growth Fund Manager

Rajeev Radhakrishnan

Rajeev Radhakrishnan

Fund Manager of SBI Corporate Bond Fund Direct Growth, since 1 February 2019
Mohit Jain

Mohit Jain

Fund Manager of SBI Corporate Bond Fund Direct Growth, since 1 February 2019

Fund Highlights

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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 7.31% since inception which is more than its category average return of 5.45%
AUM size ₹18220 Cr

AUM size ₹18220 Cr

This fund has AUM of ₹18220 Cr which is more than its category average of ₹ 5506 Cr
Expense Ratio 0.34%

Expense Ratio 0.34%

This fund has an expense ratio of 0.34% which is less than its category average expense ratio of 0.58%

Frequently Asked Questions

The current NAV of SBI Corporate Bond Fund Direct Growth is ₹13.58 as on 02-Jun-2023.
Existing (Absolute + CAGR) as on 02-Jun-2023.
SBI Corporate Bond Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.79%
0.79%
6 Month Returns
3.88%
3.88%
1 Year Returns
6.96%
6.96%
3 Years Returns
17.22%
5.44%
5 Years Returns
0%
0%
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0.34% as on May 2023
₹18220 Cr as on May 2023
7.38 6/20/2027 12:00:00 Am(4.84%), 7.26 8/22/2032 12:00:00 Am(4.37%), L&T Metro Rail (Hyderabad) Limited(3.65%), Power Finance Corporation Ltd.(3.6%), 7.26% Govt Stock 2033(3.27%) as on May 2023
Corporate(56.66%), Government(38.7%), Cash Equivalent(4.63%) as on January 1
Yield to Maturity is 7.57 as on May 2023. 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 2.71 as on May 2023. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
99.27
AA
0.73
Rajeev Radhakrishnan, Mohit Jain are the fund managers of SBI Corporate Bond Fund Direct Growth
The Exit load of SBI Corporate Bond Fund Direct Growth is 0%