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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
₹ 1.27 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 9.85 0.00 0.21 0.95 3.37 6.72 10.35 8.04 8.73 9.31 --
CCIL T Bill Liquidity Weight 2.98 0.02 0.04 0.21 0.63 1.18 3.20 3.90 4.12 4.53 --
Debt: Credit Risk 0.74 0.00 0.21 0.85 2.88 5.57 1.13 2.02 4.72 7.03 --
Rank within category 3 11 9 8 5 7 2 3 4 -- --
Number of funds in category 18 18 18 18 18 18 18 16 15 6 0

As on 27-Nov-2020

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 10.35 8.04 8.73 0.93 3,714
ICICI Prudential Credit Risk Fund - Direct Plan  | Invest Now
5 star
Jan-13 10.33 9.29 9.32 0.97 6,513
HDFC Credit Risk Debt Fund - Direct Plan  | Invest Online
5 star
Mar-14 10.72 8.61 9.28 1.13 6,336
Kotak Credit Risk Fund - Direct Plan  | Invest Online
4 star
Jan-13 7.24 8.04 8.88 0.65 1,861
IDFC Credit Risk Fund - Direct Plan
4 star
Mar-17 8.28 7.99 -- 0.66 800

Best & Worst Performance

Best (Period) Worst (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 7.55 2.29 1.12 1.46 0.11 2.70
CCIL T Bill Liquidity Weight 3.89 0.32 -3.35 -6.53 -- --
Debt: Credit Risk 2.12 6.60 0.12 0.31 -3.23 -6.34
Rank within category 4 2 2 2 16 2
Number of funds in category 17 17 17 17 17 17

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

As on 31-Oct-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 58 94 58 27
Modified Duration (yrs) 2.46 2.46 1.61 1.64
Average Maturity (yrs) 3.15 3.61 2.02 1.94
Yield to Maturity (%) 7.55 9.14 7.55 7.56
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
new 7.17% GOI 2028 GOI Securities SOV 0.00 - 4.35 4.35
equal IndInfravit Trust 2038 Non Convertible Debenture AAA 0.00 - 4.10 4.10
equal 9.85% Tata International Non Convertible Debenture A 0.00 - 4.06 4.06
equal 8.35% Bharti Airtel 20/04/2021 Non Convertible Debenture AA 0.00 - 3.97 3.97
equal TMF Holdings 28/03/2022 Zero Coupon Bonds AA- 2.50 - 3.94 3.94
equal 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 3.93 3.93
equal 10.10% L&T Vadodara Bharuch Tollway 30/06/2021 Debenture A 2.53 - 3.50 3.50
up 6.24% State Bank of India 21/09/2030 Non Convertible Debenture AAA 0.00 - 3.42 3.42
equal 12.30% Sterlite Power Grid Ventures 28/03/2022 Debenture A 0.00 - 4.03 3.37
equal 7.27% GOI 2026 GOI Securities SOV 0.00 - 3.82 3.07
equal 8.75% Tata Projects 2023 Non Convertible Debenture AA 0.00 - 3.01 3.01
equal Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 2.29 - 3.88 2.86
equal 8.55% Coastal Gujarat Power 20/07/2023 Debenture AA 0.00 - 2.80 2.80
equal 9.15% Aadhar Housing Finance 20/06/2023 Debenture AA 0.00 - 4.02 2.80
equal Motilal Oswal Home Finance 24/03/2023 Debenture AA- 0.00 - 2.73 2.73
equal 7.45% Mahindra Rural Housing Finance 14/07/2023 Debenture AA+ 0.00 - 2.73 2.73
equal 7.45% VIP Industries 29/07/2022 Debenture AA 0.00 - 2.70 2.70
equal Avanse Financial Services 2021 Non Convertible Debenture A+ 0.00 - 2.69 2.69
equal 7.25% Crompton Greaves Consumer Electricals 29/05/2023 Debenture AA+ 0.00 - 2.48 2.48
equal Indostar Capital Finance 26/02/2021 Debenture AA- 0.00 - 2.42 2.42
equal 9.25% Manappuram Finance 27/03/2023 Debenture AA 0.00 - 2.10 2.10
equal 10.90% AU Small Finance Bank 30/05/2025 Debenture AA- 1.48 - 2.09 2.09
equal 7.25% HDFC 17/06/2030 Debenture AAA 0.00 - 2.08 2.08
new 8.80% Pune Solapur Expressways 31/03/2029 Debenture AA- 0.00 - 2.00 2.00
equal 6.24% Godrej Industries 14/07/2023 Debenture AA 0.00 - 1.75 1.75

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-Oct-2020

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: She was a Rating Analyst at ICRA Limited


0.00%

Change from previous, NAV as on 27-Nov-2020

Growth: ₹ 35.5635

Dividend Quarterly: ₹ 16.5509

Dividend Daily: ₹ 11.2839


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
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: 9.45%
Benchmark: CRISIL Composite Credit Risk
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 3,714 Cr (As on 31-Oct-2020)
Expense: 0.93% (As on 31-Oct-2020)
Risk Grade: Low
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend 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
Dividend 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

Last Session

VR Helpline

Critical Investment Decisions

dateSaturday, 28-Nov-2020
time04:00 PM - 04:30 PM

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