SBI Savings Fund Direct Growth

SBI Savings Fund Direct Growth

Debt

Direct

Money Market

NAV as on 05-12-2024

₹ 42.53

Inception Returns

7.5%

/yr

About SBI Savings Fund Direct Growth

SBI Savings Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by R. Arun, Rajeev Radhakrishnan. This fund is suitable to keep your money safe.

Key Parameters

  1. SBI Savings Fund Direct Growth has ₹29813 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.

Returns

SBI Savings Fund Direct Growth has given a CAGR return of 7.54% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.81%, 6.62% and 6.01% respectively.

Holdings

SBI Savings Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Government. Its top holdings are 07.38% MP Sdl 2025, 7.52% GJ Sdl 08/03/2025, 08.12 AS Sdl 2025, 91 DTB 28112024, 06.89 RJ Sdl 2025

Taxation

As it is a money market 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 Savings Fund Direct Growth

To provide the investors an opportunity to invest in money market instruments.

Minimum Investment and lockin period

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

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
387 people have invested ₹ 3.4Cr in SBI Savings Fund Direct Growth in the last three months

SBI Savings Fund Direct Growth Overview

Expense ratio0.25%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹29813 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹500/₹500
Exit Load0%
Lock InNo Lock-in
TurnOver
216.04%
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 (05-Dec-24)

Period
SBI Savings Fund Direct Growth
Money Market Index
1M
0.6%
0.4%
3M
1.9%
1.5%
6M
3.8%
3.2%
1Y
7.8%
6.9%
3Y
6.6%
6%
5Y
6%
5.4%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
100%

Sector Allocation

Oct'24

Sep'24

Aug'24

Cash Equivalent
87.6%
Government
12.4%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 28.4K Cr
₹ 25K Cr
₹ 28.7K Cr
  • AUM of the fund stands at 28.4K Cr as of Oct'24
  • AUM increased by 3.4K Cr between Oct'24 and Sep'24
Cash allocation has gone up from 74.1% to 87.1%
Cash allocation has gone up from 74.1% to 87.1%
Debt allocation has gone down from 25.6% to 12.6%
Debt allocation has gone down from 25.6% to 12.6%

Top 2 Sectors in October were Corporate, Government

Oct'24
Government
12%
Sep'24
Corporate
58%
Government
13%
  • Debt & Cash

Holdings
Weight%
1M Change
07.38% MP Sdl 2025
07.38% MP Sdl 2025
2.64%
0%
7.52% GJ Sdl 08/03/2025
7.52% GJ Sdl 08/03/2025
1.66%
0%
08.12 AS Sdl 2025
08.12 AS Sdl 2025
1.35%
0%
91 DTB 28112024
91 DTB 28112024
1.21%
0%
06.89 RJ Sdl 2025
06.89 RJ Sdl 2025
1.02%
0%
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R. Arun
R. Arun
Fund Manager of SBI Savings Fund Direct Growth, since 30 April 2012
Rajeev Radhakrishnan
Rajeev Radhakrishnan
Fund Manager of SBI Savings Fund Direct Growth, since 1 December 2023
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 1 year, Tata Money Market Fund Direct Plan Growth has given 8% return, outperforming this fund by 0.2%.
Insights icon
In the last 3 years, Tata Money Market Fund Direct Plan Growth has given 6.82% return, outperforming this fund by 0.2% per annum.
Insights icon
This fund expense ratio is slightly on the lower side within the category (money market). Its expense ratio is 0.25% which is lower than the category average expense ratio of 0.31%.
Insights icon
Over the last 6 months, this fund has experienced a 25.3% growth in AUM moving from 23.79K Cr to 29.81K Cr.
Insights icon
In the last 5 years, Tata Money Market Fund Direct Plan Growth has given 6.22% return, outperforming this fund by 0.21% per annum.
Insights icon
Over the last 1 year, this fund has increased expense ratio by 8.7% moving from 0.23 to 0.25.

SBI Savings 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 7.54% since inception which is more than its category average return of 5.37%
AUM size ₹29813 Cr

AUM size ₹29813 Cr

This fund has AUM of ₹29813 Cr which is more than its category average of ₹ 10178 Cr
Expense Ratio 0.25%

Expense Ratio 0.25%

This fund has an expense ratio of 0.25% which is less than its category average expense ratio of 0.32%

Frequently Asked Questions for SBI Savings Fund Direct Growth

The current NAV of SBI Savings Fund Direct Growth is ₹42.53 as on 05-Dec-2024.
Existing (Absolute + CAGR) as on 05-Dec-2024.
SBI Savings Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.58%
0.58%
6 Month Returns
3.78%
3.78%
1 Year Returns
7.81%
7.81%
3 Years Returns
21.19%
6.62%
5 Years Returns
33.88%
6.01%
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.
0.25% as on November 2024
₹29813 Cr as on November 2024
07.38% MP Sdl 2025(2.64%), 7.52% GJ Sdl 08/03/2025(1.66%), 08.12 AS Sdl 2025(1.35%), 91 DTB 28112024(1.21%), 06.89 RJ Sdl 2025(1.02%) as on November 2024
Yield to Maturity is 7.39 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 0.41 as on November 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
R. Arun, Rajeev Radhakrishnan are the fund managers of SBI Savings Fund Direct Growth
The Exit load of SBI Savings Fund Direct Growth is 0%