SBI Floating Rate Debt Fund Direct Growth
SBI Floating Rate Debt Fund Direct Growth

SBI Floating Rate Debt Fund Direct Growth

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Debt
Direct
Floating Rate

NAV: ₹ 11.1 as on 03-02-2023

Fund Performance
zero opening, trading, fund transfer fee
7 people have invested ₹ 50.2L in mutual fund in the last three months

Fund Insights

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In the last 1 year, ICICI Prudential Floating Interest Fund Direct Plan Growth has given 5.53% return, outperforming this fund by 0.71%

Fund Performance as on (01-Jan-70)

Return
1M
3M
6M
1Y
This Fund
0.5%
1.8%
2.7%
4.8%
Benchmark
0.5%
1.7%
3.1%
4.6%
About the Fund

SBI Floating Rate Debt Fund Direct Growth is a debt fund. This fund was started on  27 October, 2020. The fund is managed by Rajeev Radhakrishnan, Mohit Jain, Ardhendu Bhattacharya. This fund is suitable to keep your money safe.

Key parameters

1) SBI Floating Rate Debt Fund Direct Growth has a NAV of 11.0839 as on 03-02-2023.

2) SBI Floating Rate Debt Fund Direct Growth has 1895 Cr worth of assets under management (AUM) as on 31-12-2022 and is less than category average.

3) The fund has an expense ratio 0.26 %.

Fund Overview

Expense ratio
Expense ratio
0.26%
Benchmark
Benchmark
CRISIL Liquid Fund TR INR
AUM
AUM
₹1895 Cr
Inception Date
Inception Date
27 October, 2020
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹500
Exit Load
Exit Load
0.1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
438.22%

Fund Distribution as on (31-Dec-22)

  • Debt & Cash 100%
Credit rating breakup
AAA
98.7%
AA
1.3%

Sector Allocation

Dec'22

Nov'22

Oct'22

Corporate

51.3%

Government

37%

Cash Equivalent

11.7%

Top Holdings as on (31-Dec-69)

  • Debt & Cash
Debt Holdings39
Holdings
Weight%
Holdings Trend
1M Change
Summit Digitel Infrastructure Limited
Summit Digitel Infrastructure Limited
8.95%
0%
7.32% Govt Stock 2024
7.32% Govt Stock 2024
7.69%
-31%
Bank Of Baroda
Bank Of Baroda
6.19%
66.7%
HDFC Bank Limited
HDFC Bank Limited
6.16%
100%
Embassy Office Parks Reit
Embassy Office Parks Reit
5.19%
0%

What changed

in last one month
  • Scheme
  • Portfolio
AUM has remained same in the last 1M
Dec'69 return outperformed benchmark

Change in AUM

Dec'22
₹ 2K Cr
Nov'22
₹ 2K Cr
Oct'22
₹ 2K Cr

Fund Returns vs Benchmark

Jan'23
0.71%
0.58%
Dec'22
0.05%
0.28%
Nov'22
0.50%
0.73%
Fund Return
Benchmark Return

Fund Manager

Rajeev Radhakrishnan

Rajeev Radhakrishnan

Fund Manager of SBI Floating Rate Debt Fund Direct Growth, since 30 October 2020
Mohit Jain

Mohit Jain

Fund Manager of SBI Floating Rate Debt Fund Direct Growth, since 30 October 2020
Ardhendu Bhattacharya

Ardhendu Bhattacharya

Fund Manager of SBI Floating Rate Debt Fund Direct Growth, since 30 June 2021

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
SBI Floating Rate Debt Fund Direct Growth
0%
5.49%

AMC details

Fund House
SBI Funds Management Ltd
Total Schemes
Total AUM
₹4.53L Cr
as on 31-Dec-2022
Address
9th Floor, Crescenzo,,C-38 & 39, G Block, Bandra Kurla Complex,,Bandra (East), Mumbai
Phone
91-22-66142900
Email
partnerforlife@sbimf.com

Fund Highlights

Risk meter
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Low to Moderate Risk

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

About the fund

This fund has delivered an average annual returns of 4.64% since inception which is less than its category average return of 4.83%
AUM size ₹1895 Cr

AUM size ₹1895 Cr

This fund has AUM of ₹1895 Cr which is less than its category average of ₹ 5227 Cr
Expense Ratio 0.26%

Expense Ratio 0.26%

This fund has an expense ratio of 0.26% which is less than its category average expense ratio of 0.56%

Frequently Asked Questions

The current NAV of SBI Floating Rate Debt Fund Direct Growth is 11.08 as on 03-Feb-2023.
Existing (Absolute + CAGR)
SBI Floating Rate Debt Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.53%
0.53%
6 Month Returns
2.74%
2.74%
1 Year Returns
4.83%
4.83%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
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0.26 as on January 2023
1895 Cr as on January 2023
Yield to Maturity is 7.68 as on January 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 1 as on January 2023. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
98.67
AA
1.33
Mohit Jain,Rajeev Radhakrishnan,Ardhendu Bhattacharya are the fund managers of SBI Floating Rate Debt Fund Direct Growth
The Exit load of SBI Floating Rate Debt Fund Direct Growth is 0.1%

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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.