SBI Floating Rate Debt Fund Direct Quarterly Reinvestment Inc Dist cum Cap Wdrl

Debt
Direct
Floating Rate
SBI Floating Rate Debt Fund Direct Quarterly Reinvestment Inc Dist cum Cap Wdrl

About the Fund

SBI Floating Rate Debt Fund Direct Quarterly Reinvestment Inc Dist cum Cap Wdrl 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 Quarterly Reinvestment Inc Dist cum Cap Wdrl has ₹1147 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.3.

Returns

SBI Floating Rate Debt Fund Direct Quarterly Reinvestment Inc Dist cum Cap Wdrl has given a CAGR return of 5.95% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 8.39% and 6.16% respectively.

Holdings

SBI Floating Rate Debt Fund Direct Quarterly Reinvestment Inc Dist cum Cap Wdrl has allocated its funds majorly in Government, Corporate, Cash Equivalent. Its top holdings are 7.72% Govt Stock 2028, 7.1% Govt Stock 2034, Pipeline Infrastructure Ltd., Summit Digitel Infrastructure Limited, Mahindra And Mahindra Financial Services Limited

Taxation

As it is a floating rate 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 Floating Rate Debt Fund Direct Quarterly Reinvestment Inc Dist cum Cap Wdrl

The investment objective of the scheme is 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. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved. The scheme doesn’t assure or guarantee any returns

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. SBI Floating Rate Debt Fund Direct Quarterly Reinvestment Inc Dist cum Cap Wdrl has no lock in period.

Fund Performance

Fund Overview

Expense ratio
Expense ratio
0.26%
Benchmark
Benchmark
CRISIL Liquid Fund TR INR
AUM
AUM
₹1147 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-69)

  • Debt & Cash 99.6%

AAA
99.1%

AA
0.9%

Sector Allocation

May'24

Apr'24

Mar'24

Government
66.3%
Corporate
23.1%
Cash Equivalent
10.6%
All changes are between Oct'69 and Dec'69

as on (31-May-24)

  • Debt & Cash

Holdings
Weight%
1M Change
7.72% Govt Stock 2028
7.72% Govt Stock 2028
56.3%
0%
7.1% Govt Stock 2034
7.1% Govt Stock 2034
9.67%
0%
Pipeline Infrastructure Ltd.
Pipeline Infrastructure Ltd.
6.82%
0%
Summit Digitel Infrastructure Limited
Summit Digitel Infrastructure Limited
5.11%
0%
Mahindra And Mahindra Financial Services Limited
Mahindra And Mahindra Financial Services Limited
4.36%
0%

Rajeev Radhakrishnan
Rajeev Radhakrishnan
Fund Manager of SBI Floating Rate Debt Fund Direct Quarterly Reinvestment Inc Dist cum Cap Wdrl, since 30 October 2020
Mohit Jain
Mohit Jain
Fund Manager of SBI Floating Rate Debt Fund Direct Quarterly Reinvestment Inc Dist cum Cap Wdrl, since 30 October 2020
Ardhendu Bhattacharya
Ardhendu Bhattacharya
Fund Manager of SBI Floating Rate Debt Fund Direct Quarterly Reinvestment Inc Dist cum Cap Wdrl, since 30 June 2021
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
SBI Floating Rate Debt Fund Direct Growth
6.16%
5.37%

SBI Floating Rate Debt Fund Direct Quarterly Reinvestment Inc Dist cum Cap Wdrl Highlights

Risk meter
pointer

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 5.95% since inception which is more than its category average return of 5.11%
AUM size ₹1147 Cr

AUM size ₹1147 Cr

This fund has AUM of ₹1147 Cr which is less than its category average of ₹ 4697 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 Quarterly Reinvestment Inc Dist cum Cap Wdrl is ₹12.34 as on 14-Jun-2024.
Existing (Absolute + CAGR) as on 14-Jun-2024.
SBI Floating Rate Debt Fund Direct Quarterly Reinvestment Inc Dist cum Cap Wdrl
Absolute Returns
CAGR Returns
1 Month Returns
0.78%
0.78%
6 Month Returns
4.27%
4.27%
1 Year Returns
8.39%
8.39%
3 Years Returns
19.65%
6.16%
5 Years Returns
0%
0%
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0.26% as on May 2024
₹1147 Cr as on May 2024
7.72% Govt Stock 2028(56.3%), 7.1% Govt Stock 2034(9.67%), Pipeline Infrastructure Ltd.(6.82%), Summit Digitel Infrastructure Limited(5.11%), Mahindra And Mahindra Financial Services Limited(4.36%) as on May 2024
Government(66.26%), Corporate(23.14%), Cash Equivalent(10.6%) as on May 2024
Yield to Maturity is 7.86 as on May 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 1.75 as on May 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
99.11
AA
0.89
Rajeev Radhakrishnan, Mohit Jain, Ardhendu Bhattacharya are the fund managers of SBI Floating Rate Debt Fund Direct Quarterly Reinvestment Inc Dist cum Cap Wdrl
The Exit load of SBI Floating Rate Debt Fund Direct Quarterly Reinvestment Inc Dist cum Cap Wdrl is 0.1%