SBI Savings Fund - Direct Plan

Invest Online download factsheet

Value Research Rating

3 star

Analyst’s Choice

premium-user

Riskometer

fund-quick-summary-circle

Moderate

₹40.6067 0.02%

As on 16-Apr-2024

Returns

to
Please wait...

Calculate SIP Returns of SBI Savings Fund - Direct Plan

Upfront Investment

Monthly SIP Amount

Investment Duration

years

Risk info

This fund has Moderate risk.

low
Low to Moderate
Moderate
Moderately High
High
Very High

As per SEBI's Riskometer.

Portfolio of SBI Savings Fund - Direct Plan

Asset Allocation

Split between different types of investments

Please wait...

Credit Rating Weightage

Split between categories of Equity investments

Please wait...

Peer Comparison

Other details of SBI Savings Fund - Direct Plan

Assets info

₹18,224 Cr

Exit Load (Days) info

0.10 (3)

Min. Investment (₹)

500

Min. Withdrawal (₹)

500

Min. SIP Investment (₹)

500

Min. No of Cheques

12

Investment Strategy

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

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."

Taxation

Capital Gains Taxation

  • If investment is made on or after 1 April 2023: Entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • If investment is made before 1 April 2023:
    • Sold within 3 years from the date of investment: Gains are added to the investors' income and taxed according to the applicable slab rate.
    • Sold after 3 years from the date of investment: Gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • No tax is to be paid as long as you continue to hold the units.

Dividend Taxation

  • 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.

FAQ for SBI Savings Fund - Direct Plan

SBI Savings Fund - Direct Plan is mandated to invest in bonds having maturity of up to one year and therefore, it is suitable to invest in for a similar time frame.

Mutual funds can be bought directly from the website of the fund house. For instance, SBI Savings Fund - Direct Plan fund can be purchased from the website of SBI Mutual Fund. You can also buy mutual funds through platforms like MF Central, MF Utility, among others. However, if you are not comfortable buying mutual funds online, you can seek help of a mutual fund distributor. Most banks also act as mutual fund distributors. So you can connect with your bank for assistance.

The NAV of SBI Savings Fund - Direct Plan is ₹40.6067 as of 17-Apr-2024.

The AUM of SBI Savings Fund - Direct Plan Fund is ₹18,224 Cr as of 31-Mar-2024

The riskometer level of SBI Savings Fund - Direct Plan is Moderate. See More

Company Percentage of Portfolio

HDFC Bank Ltd CD 06/03/2025

5.13

LIC Housing Finance Ltd CP 343-D 12/07/2024

4.83

Punjab National Bank CD 05/12/2024

4.83

Axis Bank Ltd CD 28/11/2024

4.05

Canara Bank CD 16/01/2025

3.11
See More

As of 31-Mar-2024, SBI Savings Fund - Direct Plan had invested 100.85% in Debt and -0.85% in Cash & Cash Eq. See More

SBI Savings Fund - Direct Plan is 11 years 3 months old. It has delivered 7.54% returns since inception. See More

1Y
3Y
5Y
7Y
10Y
Since Inception
7.61%
5.84%
6.14%
6.55%
7.28%
7.54%

No, There is no lock in period in SBI Savings Fund - Direct Plan.

The expense ratio of SBI Savings Fund - Direct Plan is 0.25.

Please wait...
Please wait...
Please wait...
Please wait...
Please wait...
Please wait...