SBI Floating Interest Rates Fund Direct Growth

SBI Floating Interest Rates Fund Direct Growth

Debt

SBI Mutual Fund

Floating Rate

Get the latest NAV of SBI Floating Interest Rates Fund Direct Growth. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.

₹14.49

NAV as on 11 Sep 2026

6.53%/per year

Since Inception

Absolute Gain%

▲▼

58 people have invested ₹ 17.6L in SBI Floating Interest Rates Fund in the last three months

SBI Floating Interest Rates Fund Performance vs. Floating Rate Index

Fund returns vs Benchmark returns vs Category Average returns as on (11-Sep-26)

The fund has consistently outperformed the benchmark (Floating Rate Index) over the last 1Y, 3Y, 5Y time periods.

Period
1M
3M
6M
1Y
3Y
5Y
This Fund
0.22%
1.83%
3.25%
6.59%
7.66%
6.75%
Floating Rate Index
0.24%
1.65%
2.73%
5.73%
6.82%
6.03%
Floating Rate Avg
0.18%
1.56%
2.91%
6.05%
7.37%
6.45%
Best in Floating Rate
0.55%
2.56%
4.38%
7.5%
8.42%
7.24%
Worst in Floating Rate
0.15%
1.62%
3%
5.9%
7.2%
6.35%
Category Rank
5/7
5/7
7/8
5/8
6/8
--

SBI Floating Interest Rates Fund Ranking and Peer Comparison

Ranked based on performance, risk management and cost efficiency

5
/7
37% Performance
46% Risk Management
68% Cost

Ranked 5 out of 7 mutual funds in the floating rate category as per INDmoney.

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
3Y Alpha
3Y Beta
3Y Sharpe
3Y Sortino
3Y Info Ratio
SBI Floating Interest Rates Fund
5/7
688Cr
0.27%
6.59%
7.66%
-0.23
4.09
1.39
3.30
1.10
Aditya Birla Sun Life Floating Interest Rates Fund
1/7
13,223Cr
0.21%
6.39%
7.53%
-0.48
4.27
1.37
3.29
1.04
HDFC Floating Interest Rates Fund
2/7
16,426Cr
0.27%
6.35%
7.69%
-0.72
5.43
1.18
2.83
0.93
Kotak Floating Interest Rates Fund
3/7
3,441Cr
0.24%
6.3%
7.85%
-0.55
5.30
1.17
2.77
0.95
See all

SBI Floating Interest Rates Fund Returns Calculator

Calculate SIP and lumpsum returns based on historical performance

  • 1-time

  • SIP

Total Investment

0

Profit

Total Corpus

0

Absolute Return
▲
▼

SBI Floating Interest Rates Fund Asset Allocation

See fund asset allocation details as on (15-Aug-26)

Fund Distribution

as on (15-Aug-26)

AAA
100%
Debt allocation has gone down from 96.8% to 4.2%
Debt allocation has gone down from 96.8% to 4.2%
Cash allocation has gone up from 2.4% to 94.9%
Cash allocation has gone up from 2.4% to 94.9%

SBI Floating Interest Rates Fund Sector Allocation

See fund sector allocation details as on (15-Aug-26)

Sector Allocation

Government
46.2%
Cash Equivalent
40%
Corporate
13.8%

Top 2 Sectors in July were Government, Corporate

Jul'26

Government

32%

Corporate

21%

Jun'26

Government

93%

Corporate

4%

SBI Floating Interest Rates Fund Overview

Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.

Expense ratio0.27%
Benchmark
Nifty Short Duration Debt A-II TR INR
AUM₹688 Cr
Inception Date27 October, 2020
Min Lumpsum/SIP₹5,000/₹500
Exit Load
0.1%
Lock InNo Lock-in
TurnOver
225.78%
Risk
Risk meter
pointer
Low to Moderate Risk

About SBI Floating Interest Rates Fund

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

Key Parameters

  1. SBI Floating Interest Rates Fund has ₹688 Cr worth of assets under management (AUM) as on Aug 2026 and is more than category average.
  2. The fund has an expense ratio 0.3.

Returns

SBI Floating Interest Rates Fund has given a CAGR return of 6.53% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.59%, 7.66% and 6.75% respectively.

Holdings

SBI Floating Interest Rates Fund has allocated its funds majorly in Cash Equivalent, Corporate, Government. Its top holdings are Deutsche Bank AG, 6.84% Gujarat Sgs 2031, 7.57% Gujarat Sgs 2031, National Bank For Agriculture And Rural Development, Axis Bank 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:
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.

Investment objective of SBI Floating Interest Rates Fund

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.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. SBI Floating Interest Rates Fund has no lock in period.

Fund Manager

Ardhendu Bhattacharya

Fund Manager of SBI Floating Interest Rates Fund, since 30 June 2021

Rajeev Radhakrishnan

Fund Manager of SBI Floating Interest Rates Fund, since 30 October 2020

Learn more about SBI Mutual Fund
Parameters
Jul'26
Jun'26
May'26
AUM
₹ 685 Cr
₹ 674.8 Cr
₹ 675 Cr
  • AUM of the fund stands at 685 Cr as of Jul'26
  • AUM increased by 10.3 Cr between Jul'26 and Jun'26

Frequently Asked Questions for SBI Floating Interest Rates Fund Direct Growth

How do I invest in SBI Floating Interest Rates Fund?

INDmoney makes it simple to invest in the SBI Floating Interest Rates Fund. To do so, follow the steps below:
  • Download the INDmoney app.
  • Search for ‘SBI Floating Interest Rates Fund’.
  • Select whether you want to invest in SIP or lump sum.
  • Enter the amount you wish to invest.
  • Set up payments via bank mandate or UPI.

What is the current NAV of SBI Floating Interest Rates Fund?

The NAV of the fund today is ₹14.49. NAV or Net Asset Value is the per unit price of a mutual fund. For example, if the NAV of a fund is ₹10, it means you can get 1000 units of that mutual fund at ₹10,000.

What is the return on the fund?

SBI Floating Interest Rates Fund fund has generated a return of 6.59% in 1 year, 7.66% in 3 years, 6.75% in 5 years.

Who is the fund manager of SBI Floating Interest Rates Fund?

The fund managers are Ardhendu Bhattacharya, Rajeev Radhakrishnan.

What is the exit load of the fund?

The exit load is 0.1% if redeemed in 0-3 Days. Exit load is a fee levied for ‘exiting’ the fund earlier than a stipulated period, usually 1 year.

What is the expense ratio of the fund?

The expense ratio is 0.27%. The Expense Ratio is a fee charged for managing the fund. This includes commissions, administrative costs etc.

What is the AUM of the fund?

The AUM of the fund is ₹688 Cr. AUM stands for Assets Under Management. It refers to the total assets managed by the fund.

What are the top holdings of SBI Floating Interest Rates Fund?

The top 3 holdings of the fund are Deutsche Bank AG(14.53%), 6.84% Gujarat Sgs 2031(11.45%), 7.57% Gujarat Sgs 2031(7.38%)