SBI Corporate Bond Fund Direct Growth

SBI Corporate Bond Fund Direct Growth

Compare
Debt
Direct
Corporate Bond
NAV: ₹ 14.5 as on 24-05-2024

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 ₹20073 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.3.
Fund Performance
zero opening, trading, fund transfer fee
139 people have invested ₹ 27.3L in SBI Corporate Bond Fund Direct Growth in the last three months

Overview

Expense ratio
Expense ratio
0.34%
Benchmark
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM
AUM
₹20073 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
128.38%

SBI Corporate Bond Fund Direct Growth Distribution as on (31-Dec-69)

  • Debt & Cash 99.8%

Credit rating breakup

AAA
99.3%
AA
0.7%
Sector Allocation

Apr'24

Mar'24

Feb'24

Corporate
62%
Government
31.7%
Cash Equivalent
6.3%

Top Holdings of SBI Corporate Bond Fund Direct Growth as on (30-Apr-24)

  • Debt & Cash

Debt Holdings94
Holdings
Weight%
1M Change
7.18% Govt Stock 2033
7.18% Govt Stock 2033
8.2%
-4.7%
7.32% Govt Stock 2030
7.32% Govt Stock 2030
4.03%
0%
Tata Communications Limited
Tata Communications Limited
3.24%
0%
Small Industries Development Bank of India
Small Industries Development Bank of India
2.89%
0%
Nuclear Power Corporation Of India Limited
Nuclear Power Corporation Of India Limited
2.81%
0%

Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 20.2K Cr
₹ 19K Cr
₹ 19.2K Cr
  • AUM of the fund stands at 20.2K Cr as of Apr'24
  • AUM increased by 1.2K Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Mutual Fund Insights

Insights icon
In the last 3 years, Nippon India Corporate Bond Fund Direct Plan Growth Plan has given 6.28% return, outperforming this fund by 0.8% per annum.
Insights icon
Over the last 1 month, this fund has decreased expense ratio by 2.9% moving from 0.35 to 0.34.
Insights icon
This fund 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 0.49%.
Insights icon
In the last 5 years, HSBC Corporate Bond Fund Direct Plan Growth Plan has given 7.73% return, outperforming this fund by 0.69% per annum.
Insights icon
In the last 1 year, ICICI Prudential Corporate Bond Fund Direct Plan Growth has given 7.69% return, outperforming this fund by 0.77%.

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

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 7.25% since inception which is more than its category average return of 5.48%
AUM size ₹20073 Cr

AUM size ₹20073 Cr

This fund has AUM of ₹20073 Cr which is more than its category average of ₹ 6076 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 0.59%

Frequently Asked Questions

The current NAV of SBI Corporate Bond Fund Direct Growth is ₹14.5 as on 24-May-2024.
Existing (Absolute + CAGR) as on 24-May-2024.
SBI Corporate Bond Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.9%
0.9%
6 Month Returns
4%
4%
1 Year Returns
6.93%
6.93%
3 Years Returns
17.34%
5.47%
5 Years Returns
40.5%
7.04%
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.
0.34% as on April 2024
₹20073 Cr as on April 2024
7.18% Govt Stock 2033(8.2%), 7.32% Govt Stock 2030(4.03%), Tata Communications Limited(3.24%), Small Industries Development Bank of India(2.89%), Nuclear Power Corporation Of India Limited(2.81%) as on April 2024
Corporate(61.56%), Government(34.23%), Cash Equivalent(4.21%) as on April 2024
Yield to Maturity is 7.71 as on April 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 3.24 as on April 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
99.34
AA
0.66
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%