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4 star

SBI Credit Risk Fund - Direct Plan


Debt: Credit Risk

1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Suitability:

Credit risk funds invest mainly in bonds which are rated AA or below by credit rating agencies. The lower rating indicates a higher possibility of these bonds defaulting on repayment of investors' money. Therefore, these funds are the riskiest among debt fund categories. But they compensate for this additional risk with a higher return potential as these bonds offer better rates of interest than the highest rated bonds.

However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.

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 2.57 0.04 0.26 0.85 2.33 2.95 9.69 8.43 8.27 8.97 --
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: Credit Risk 3.67 0.04 0.25 0.79 2.87 4.11 10.10 2.67 4.55 6.74 --
Rank within category 11 10 7 6 10 11 12 5 4 -- --
Number of funds in category 16 16 16 16 16 16 16 16 15 8 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 Credit Risk Fund - Direct Plan  | Invest Online
4 star
Jan-13 9.69 8.43 8.27 0.91 3,497
HDFC Credit Risk Debt Fund - Direct Plan  | Invest Online
5 star
Mar-14 13.36 9.82 9.10 1.10 7,631
ICICI Prudential Credit Risk Fund - Direct Plan  | Invest Now
5 star
Jan-13 11.00 9.74 9.33 0.90 7,443
Kotak Credit Risk Fund - Direct Plan  | Invest Online
4 star
Jan-13 10.27 8.56 8.52 0.66 1,787
Axis Credit Risk Fund - Direct Plan
4 star
Jul-14 10.26 7.96 8.06 0.56 626

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 2.12 24-Mar-2020 - 31-Mar-2020 -1.44 12-Mar-2020 - 19-Mar-2020
Month 2.37 24-Mar-2020 - 23-Apr-2020 -2.00 25-Feb-2020 - 26-Mar-2020
Quarter 4.71 30-Apr-2020 - 31-Jul-2020 -0.15 10-Feb-2020 - 11-May-2020
Year 12.33 24-Nov-2015 - 24-Nov-2016 4.85 25-Mar-2019 - 24-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.04 2.21 1.70 1.93 0.10 3.82
CCIL T Bill Liquidity Weight 3.52 0.39 -2.00 -4.76 -- --
Debt: Credit Risk 2.84 6.70 0.56 0.66 -3.82 -4.41
Rank within category 5 3 4 3 16 3
Number of funds in category 16 16 16 16 16 16

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 62 65 58 29
Modified Duration (yrs) 1.81 2.52 1.42 1.65
Average Maturity (yrs) 2.20 3.61 1.65 2.13
Yield to Maturity (%) 6.74 8.33 6.74 6.38
Avg Credit Rating AA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 7.27% GOI 2026 GOI Securities SOV 0.00 - 4.56 4.56
equal IndInfravit Trust 2038 Non Convertible Debenture AAA 3.92 - 4.40 4.40
equal 9.85% Tata International Perpetual Bond A 3.82 - 4.33 4.33
equal 10.10% L&T Vadodara Bharuch Tollway 30/06/2021 Debenture A 3.32 - 3.72 3.72
equal 8.75% Tata Projects 2023 Non Convertible Debenture AA 2.82 - 3.27 3.27
equal TMF Holdings 28/03/2022 Zero Coupon Bonds AA- 2.88 - 3.94 3.16
new 7.35% GOI 22/06/2024 Central Government Loan SOV 0.00 - 3.05 3.05
equal 8.55% Coastal Gujarat Power 20/07/2023 Debenture AA 0.00 - 3.01 3.00
equal 9.15% Aadhar Housing Finance 20/06/2023 Debenture AA 2.51 - 3.00 2.99
new 6.18% GOI 2024 GOI Securities SOV 0.00 - 2.96 2.96
equal 7.45% Mahindra Rural Housing Finance 14/07/2023 Debenture AA+ 0.00 - 2.93 2.93
equal Motilal Oswal Home Finance 24/03/2023 Debenture AA- 2.59 - 2.89 2.88
equal Avanse Financial Services 2021 Non Convertible Debenture A+ 2.57 - 2.87 2.87
equal 7.45% VIP Industries 29/07/2022 Debenture AA 0.00 - 2.86 2.86
equal 7.25% Crompton Greaves Consumer Electricals 29/05/2023 Debenture AA+ 2.34 - 2.63 2.63
equal 7.37% GOI 16/04/2023 GOI Securities SOV 0.00 - 2.57 2.57
equal 7.18% Canara Bank Additional Tier 2 Bond AAA 0.00 - 2.85 2.45
equal 9.25% Manappuram Finance 27/03/2023 Debenture AA 1.94 - 2.25 2.25
equal 10.90% AU Small Finance Bank Additional Tier 2 Bond AA- 1.99 - 2.25 2.25
equal 8.80% Pune Solapur Expressways 31/03/2029 Debenture AA- 0.00 - 2.11 2.11
equal 6.24% Godrej Industries 14/07/2023 Debenture AA 0.00 - 1.87 1.87
equal 9.60% Aadhar Housing Finance 29/09/2021 Non Convertible Debenture AA 0.00 - 1.74 1.74
new 8.24% Tamilnadu State 2025 State Development Loan SOV 0.00 - 1.56 1.56
new 8.59% Andhra Pradesh State 23/01/2023 State Development Loan SOV 0.00 - 1.52 1.52
equal 8.45% Tata Power Renewable Energy 25/05/2022 Structured Obligation AA 1.30 - 1.48 1.47

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

— Lokesh Mallya since 01-Feb-2017

Education: Mr. Mallya is MBA and FRM.

Experience: Prior to SBI Mutual Fund, he has worked with Aditya Birla Sun Life AMC as fund manager (Sept 2009-Sept 2014) and as Credit Analyst (July 2006 - Aug 2009).

— Mansi Sajeja since 01-Feb-2017

Education: Ms. Sajeja is a CFA and has done Post Graduate Diploma in Business Management.

Experience: Prior to joining SBIFMPL, she was Rating Analyst at ICRA Limited.


0.04%

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

Growth: ₹ 36.6809

IDCW Quarterly: ₹ 17.0701

IDCW Daily: ₹ 11.6378


Investment Strategy

The scheme seeks to provide the investors an opportunity to predominantly invest in corporate bonds rated AA and below(excluding AA+ rated corporate bonds) so as to generate attractive returns while maintaining moderate liquidity in the portfolio through investment in money market securities.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 1,000
Lock-in Period Not Applicable
Exit Load For units in excess of 8% of the investment,3% will be charged for redemption within 365 days
For units in excess of 8% of the investment,1.5% will be charged for redemption between 366 - 730 days
For units in excess of 8% of the investment,0.75% will be charged for redemption between 731 - 1095 days

Basic Details

Fund House: SBI Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 9.23%
Benchmark: CRISIL Composite Credit Risk
Riskometer: High
Type: Open-ended
Assets: ₹ 3,497 Cr (As on 31-May-2021)
Expense: 0.91% (As on 30-Apr-2021)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily19-Mar-20200.0105

 09-Mar-20200.0037
 06-Mar-20200.0049
 05-Mar-20200.0024
 04-Mar-20200.0040
 03-Mar-20200.0025
 02-Mar-20200.0016
 28-Feb-20200.0048
 27-Feb-20200.0063
 26-Feb-20200.0017
 25-Feb-20200.0016
 24-Feb-20200.0016
 20-Feb-20200.0065
 18-Feb-20200.0032
 17-Feb-20200.0021
 14-Feb-20200.0060
 13-Feb-20200.0016
 12-Feb-20200.0016
 11-Feb-20200.0016
 10-Feb-20200.0018
 07-Feb-20200.0048
 06-Feb-20200.0016
 05-Feb-20200.0127
 04-Feb-20200.0025
 03-Feb-20200.0033
IDCW Quarterly27-Dec-20190.1657

 27-Sep-20190.1513
 28-Jun-20190.1513
 29-Mar-20190.1513
 28-Dec-20180.1441
 07-Sep-20180.1441
 23-Mar-20180.1445
 29-Dec-20170.1806
 29-Sep-20170.1806
 30-Jun-20170.1806
 24-Mar-20170.1445
 30-Dec-20160.1445
 30-Sep-20160.1445
 30-Jun-20160.1445
 23-Mar-20160.1445
 23-Dec-20150.1445
 24-Sep-20150.1445
 26-Jun-20150.1697
 20-Mar-20150.1452
 29-Dec-20140.1815
 29-Sep-20140.2049
 27-Jun-20140.2494
 28-Mar-20140.1559
 27-Dec-20130.3000

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

Upcoming Video

Investors' Hangout

Your investment strategy for debt funds after the fiasco

DateFriday, 18-Jun-2021
Time12:30 PM - 01:00 PM