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4 star

SBI Savings Fund - Direct Plan


Debt: Money Market

1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

Money Market debt funds invest in bonds with a maturity of up to one year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital.

Such funds are usually more suited to institutional investors. Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to a year in a Liquid fund.

If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is to build wealth in the long run.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 1.73 0.01 0.08 0.31 1.09 1.93 4.62 7.00 7.23 7.76 --
CCIL T Bill Liquidity Weight 0.86 0.02 0.05 0.20 0.51 0.97 2.16 3.59 3.79 4.24 --
Debt: Money Market 1.67 0.01 0.08 0.31 1.05 1.86 4.28 6.66 6.88 7.41 --
Rank within category 8 7 11 9 6 8 4 4 2 2 --
Number of funds in category 18 18 18 18 18 18 17 13 12 12 0

As on 11-Jun-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
SBI Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.62 7.00 7.23 0.22 25,994
HDFC Money Market Fund - Direct Plan  | Invest Online
5 star
Jan-13 4.64 7.07 7.00 0.21 15,383
Aditya Birla Sun Life Money Manager Fund - Direct Plan  | Invest Online
5 star
Jan-13 4.73 7.15 7.13 0.21 14,089
Tata Money Market Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.82 4.42 5.44 0.25 3,722
Axis Money Market Fund - Direct Plan
4 star
Aug-19 4.53 -- -- 0.13 3,179

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.24 24-Mar-2020 - 31-Mar-2020 -0.89 17-Mar-2020 - 24-Mar-2020
Month 1.87 24-Mar-2020 - 23-Apr-2020 -0.51 25-Feb-2020 - 26-Mar-2020
Quarter 3.40 24-Mar-2020 - 24-Jun-2020 0.41 24-Dec-2019 - 24-Mar-2020
Year 10.40 16-Jul-2013 - 16-Jul-2014 4.62 11-Jun-2020 - 11-Jun-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.83 0.67 3.77 7.25 1.24 3.49
CCIL T Bill Liquidity Weight 3.52 0.39 -2.00 -4.76 -- --
Debt: Money Market 6.70 1.11 2.90 6.07 1.42 3.50
Rank within category 5 4 1 4 7 6
Number of funds in category 14 14 14 14 14 14

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-May-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 90 90 60 42
Modified Duration (yrs) 0.40 0.48 0.21 0.40
Average Maturity (yrs) 0.41 0.50 0.22 0.37
Yield to Maturity (%) 3.80 4.70 3.50 3.70
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 8.79% GOI 2021 Central Government Loan SOV 0.00 - 11.02 8.39
equal 8.20% GOI 15/02/2022 Central Government Loan SOV 0.00 - 9.90 7.55
equal National Bank Agr. Rur. Devp 199-D 02/08/2021 Commercial Paper A1+ 0.00 - 6.19 4.78
equal LIC Housing Fin. 168-D 25/06/2021 Commercial Paper A1+ 0.00 - 4.97 3.84
new Reserve Bank of India 91-D 19/08/2021 Treasury Bills SOV 0.00 - 2.86 2.86
equal Axis Bank 2022 Certificate of Deposit A1+ 0.00 - 3.62 2.80
new Reserve Bank of India 91-D 13/08/2021 Treasury Bills SOV 0.00 - 2.64 2.64
new Indusind Bank 2021 Certificate of Deposit A1+ 0.00 - 2.46 2.46
new RBL Bank 2021 Certificate of Deposit A1+ 0.00 - 2.27 2.27
equal Export-Import Bank 2021 Certificate of Deposit A1+ 2.02 - 3.28 2.02
new NLC Tamilnadu Power 90-D 05/08/2021 Commercial Paper A1+ 0.00 - 1.91 1.91
equal Axis Bank 17/09/2021 Certificate of Deposit A1+ 0.00 - 2.47 1.90
equal Tata Power 364-D 02/12/2021 Commercial Paper A1+ 0.00 - 2.44 1.89
equal L&T Infrastructre Finance 275-D 10/12/2021 Commercial Paper A1+ 0.00 - 2.43 1.88
equal HDFC 336-D 24/02/2022 Commercial Paper A1+ 0.00 - 2.42 1.87
equal National Bank Agr. Rur. Devp 2022 Commercial Paper A1+ 0.00 - 2.42 1.87
new HDFC-Warrant 342-D 28/02/2022 Commercial Paper A1+ 0.00 - 1.68 1.68
new Reserve Bank of India 91-D 05/08/2021 Treasury Bills SOV 0.00 - 1.55 1.55
equal HUDCO 365-D 16/06/2021 Commercial Paper A1+ 1.54 - 2.49 1.54
equal Export-Import Bank 245-D 16/06/2021 Certificate of Deposit A1+ 0.00 - 1.99 1.54
equal L&T Infrastructre Finance 168-D 29/07/2021 Commercial Paper A1+ 0.00 - 1.98 1.53
equal Tata Motors 284-D 31/01/2022 Commercial Paper A1+ 0.00 - 1.58 1.50
equal Tata Motors 252-D 30/12/2021 Commercial Paper A1+ 0.00 - 1.59 1.50
new Reserve Bank of India 182-D 25/11/2021 Treasury Bills SOV 0.00 - 1.49 1.49
equal 8.99% Madhya Pradesh State 2022 State Development Loan SOV 0.00 - 1.44 1.36

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-May-2021

Fund Manager

— R Arun since 01-Jan-2013

Education: Mr. Arun is a B.Com (H), PGDM (Finance) and Financial Risk Manager (GARP).

Experience: Prior joining SBI in 2009 he has worked with ING Investment Management, Deutsche Bank India Operations and CRISIL India.

Funds Managed:


0.01%

Change from previous, NAV as on 11-Jun-2021

Growth: ₹ 34.4610

IDCW Weekly: ₹ 12.3769

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IDCW Monthly: ₹ 13.6592

IDCW Daily: ₹ 10.7605


Investment Strategy

The scheme seeks to provide the investors an opportunity to invest in money market instruments.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 1,000
Lock-in Period Not Applicable
Exit Load 0.1% for redemption within 3 days

Basic Details

Fund House: SBI Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.09%
Benchmark: NIFTY Money Market TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 25,994 Cr (As on 31-May-2021)
Expense: 0.22% (As on 30-Apr-2021)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily30-Mar-20200.0029

 27-Mar-20200.0083
 26-Mar-20200.0014
 13-Mar-20200.0038
 12-Mar-20200.0013
 11-Mar-20200.0013
 09-Mar-20200.0028
 06-Mar-20200.0039
 05-Mar-20200.0013
 04-Mar-20200.0013
 03-Mar-20200.0016
 02-Mar-20200.0013
 28-Feb-20200.0043
 27-Feb-20200.0014
 26-Feb-20200.0023
 25-Feb-20200.0013
 24-Feb-20200.0013
 20-Feb-20200.0051
 18-Feb-20200.0025
 17-Feb-20200.0013
 14-Feb-20200.0038
 13-Feb-20200.0014
 12-Feb-20200.0013
 11-Feb-20200.0013
 10-Feb-20200.0018
IDCW Weekly27-Mar-20200.1405

 06-Mar-20200.0161
 28-Feb-20200.0080
 20-Feb-20200.0086
 14-Feb-20200.0115
 07-Feb-20200.0124
 31-Jan-20200.0096
 24-Jan-20200.0101
 17-Jan-20200.0082
 10-Jan-20200.0100
 03-Jan-20200.0118
 27-Dec-20190.0084
 20-Dec-20190.0080
 13-Dec-20190.0107
 06-Dec-20190.0059
 29-Nov-20190.0116
 22-Nov-20190.0121
 15-Nov-20190.0128
 08-Nov-20190.0070
 01-Nov-20190.0125
 25-Oct-20190.0104
 18-Oct-20190.0147
 11-Oct-20190.0122
 04-Oct-20190.0190
 27-Sep-20190.0149
IDCW Monthly28-Feb-20200.0360

 31-Jan-20200.0360
 27-Dec-20190.0360
 29-Nov-20190.0360
 25-Oct-20190.0360
 27-Sep-20190.0360
 30-Aug-20190.0360
 26-Jul-20190.0360
 28-Jun-20190.0360
 31-May-20190.0360
 30-Apr-20190.0360
 29-Mar-20190.0360
 28-Feb-20190.0360
 31-Jan-20190.0360
 28-Dec-20180.0360
 30-Nov-20180.0360
 31-Oct-20180.0360
 28-Sep-20180.0360
 31-Aug-20180.0360
 31-Jul-20180.0432
 27-Apr-20180.0288
 23-Mar-20180.0289
 28-Feb-20180.0289
 31-Jan-20180.0433
 29-Dec-20170.0433

Contact Information

AMC: SBI Funds Management Ltd

Address: 9th Floor-Crescenzo, C-38 & 39- G Block, Bandra-Kurla Complex, Bandra (East) Mumbai - 400051

Phone: 022-61793000 / 1800-425-5425

Fax: 022-22189663

Email: [email protected]

Website: http://www.sbimf.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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