SBI Fixed Maturity Series 41 1498 Days Fund Direct Growth

SBI Fixed Maturity Series 41 1498 Days Fund Direct Growth is a debt fund. This fund was started on 25 March, 2021. The fund is managed by Ranjana Gupta. This fund is suitable to keep your money safe.

1. SBI Fixed Maturity Series 41 1498 Days Fund Direct Growth has ₹915 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
2. The fund has an expense ratio 0.1.
   

SBI Fixed Maturity Series 41 1498 Days Fund Direct Growth has given a CAGR return of 5.89% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 7.04% and 6.34% respectively.

SBI Fixed Maturity Series 41 1498 Days Fund Direct Growth has allocated its funds majorly in Cash Equivalent. Its top holdings are

As it is a fixed maturity intermediate-term bond mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.
Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.
Invested after 1 April 2023, capital gains will be taxed at your income slab rate.
Dividends will always be taxed at slab rate.

The scheme endeavours to provide regular income and capital growth with limited interest rate risk to the investors through investments in a portfolio comprising of debt instruments such as Government Securities, PSU & Corporate Bonds and Money Market Instruments maturing on or before the maturity of the scheme. There is no assurance or guarantee that the scheme’s objective will be achieved

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 0.00. SBI Fixed Maturity Series 41 1498 Days Fund Direct Growth has no lock in period.