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SBI Credit Risk Fund download report

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Debt: Credit Risk

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1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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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
SBI Credit Risk-G 1.15 0.08 0.17 0.37 0.06 1.15 3.78 6.62 6.22 7.20 8.05
CCIL T Bill Liquidity Weight 0.91 0.05 0.07 0.27 0.34 0.91 1.99 2.70 3.31 3.68 4.25
Debt: Credit Risk 10.08 0.07 0.17 0.28 -0.46 10.08 15.52 5.43 4.05 5.51 7.19
Rank within category 5 6 8 5 4 5 10 5 4 4 --
Number of funds in category 15 15 15 15 15 15 15 15 15 14 4

As on 01-Jul-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
SBI Credit Risk Fund  | Invest Online
4 star
 Jul-04 3.78 6.62 6.22 1.55% 3,035
HDFC Credit Risk Debt Fund - Regular Plan  | Invest Online
5 star
 Mar-14 3.40 7.59 6.90 1.58% 8,640
ICICI Prudential Credit Risk Fund  | Invest Now
4 star
 Dec-10 4.53 7.68 7.29 1.54% 8,022
Axis Credit Risk Fund - Regular Plan
4 star
 Jul-14 3.69 6.51 5.59 1.68% 690
Kotak Credit Risk Fund Regular Plan  | Invest Online
3 star
 May-10 0.93 5.08 5.60 1.71% 1,645

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 2.11 24-Mar-2020 - 31-Mar-2020 -1.45 12-Mar-2020 - 19-Mar-2020
Month 2.77 17-Nov-2008 - 17-Dec-2008 -2.05 25-Feb-2020 - 26-Mar-2020
Quarter 4.54 30-Apr-2020 - 31-Jul-2020 -0.30 10-Feb-2020 - 11-May-2020
Year 11.63 31-Jan-2014 - 02-Feb-2015 3.40 14-Jun-2021 - 14-Jun-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
SBI Credit Risk-G 6.30 1.96 1.43 2.10 0.09 2.88
CCIL T Bill Liquidity Weight 2.69 0.37 -2.20 -4.41 -- --
Debt: Credit Risk* 6.85 9.53 0.72 0.98 -4.76 -0.66
Rank within category* 5 4 3 2 11 5
Number of funds in category* 15 15 15 15 15 15

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

As on 31-May-2022

* As on 30-Jun-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 47 63 46 30
Modified Duration (yrs) 1.76 2.12 1.37 1.71
Average Maturity (yrs) 2.68 2.68 1.73 2.37
Yield to Maturity (%) 7.37 7.37 5.96 7.14
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 6.84% GOI 19/12/2022 GOI Securities SOV 0.00 - 4.98 4.98
equal 9.85% Tata International Perpetual Bond A+ 0.00 - 4.93 4.93
equal IndInfravit Trust 2038 Non Convertible Debenture AAA 4.40 - 4.88 4.88
equal Tata Projects 316-D 09/03/2023 Commercial Paper A1+ 0.00 - 3.43 3.43
equal 8.55% Coastal Gujarat Power 20/07/2023 Debenture AA 3.02 - 3.35 3.35
equal 9.15% Aadhar Housing Finance 20/06/2023 Debenture AA 3.01 - 3.35 3.35
equal Reserve Bank of India 182-D 01/09/2022 Treasury Bills SOV 0.00 - 3.26 3.26
equal Reserve Bank of India 182-D 29/09/2022 Treasury Bills SOV 0.00 - 3.24 3.24
equal Flometallic India 21/06/2023 Debenture AA+ 2.74 - 3.13 3.13
equal 8.40% Avanse Financial Services 29/09/2023 Debenture A+ 0.00 - 3.11 3.11
equal 9.15% NUVOCO Vistas Corp. 30/08/2022 Non Convertible Debenture AA 0.00 - 2.99 2.99
equal 7.73% Jindal Stainless 24/05/2025 Debenture AA- 0.00 - 2.87 2.87
equal 5.63% GOI 2026 GOI Securities SOV 0.00 - 12.58 2.82
equal 8.90% Prestige Projects Private 2026 Debenture A+ 0.00 - 2.97 2.51
equal 9.25% Manappuram Finance 27/03/2023 Debenture AA 2.26 - 2.51 2.51
equal 8.64% Union Bank of India Additional Tier 1 Bond AA 0.71 - 2.47 2.47
equal 10.90% AU Small Finance Bank Additional Tier 2 Bond AA- 2.24 - 2.46 2.46
equal Reserve Bank of India 182-D 22/09/2022 Treasury Bills SOV 0.00 - 2.43 2.43
equal L&T Metro Rail (Hyderabad) 274-D 30/09/2022 Commercial Paper A1+ 0.00 - 2.42 2.42
up 5.44% National Bank Agr. Rur. Devp 2024 Debenture AAA 0.00 - 2.42 2.42
equal 8.80% Pune Solapur Expressways 31/03/2029 Debenture AA- 2.05 - 2.20 2.20
equal 6.24% Godrej Industries 14/07/2023 Debenture AA 1.87 - 2.12 2.12
new 9.77% Tata Motors 2024 Debenture AA- 0.00 - 1.73 1.73
equal 7.45% Mahindra Rural Housing Finance 14/07/2023 Debenture AA+ 1.59 - 3.14 1.65
equal Indostar Capital Finance 14/06/2022 Debenture AA- 1.44 - 1.65 1.65

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-2022

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).

Invest Online
0.08%

Change from previous, NAV as on 01-Jul-2022

Growth: ₹ 36.1807

IDCW Quarterly: ₹ 16.3566

IDCW Daily: ₹ 11.9750

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

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 500
Min. No of Cheques 12
Min. Withdrawal (₹) 500
Min. 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: 14-Jul-2004
Return Since Launch: 7.42%
Benchmark: NIFTY Credit Risk Bond Index C-II
Riskometer: High
Type: Open-ended
Assets: ₹ 3,035 Cr (As on 31-May-2022)
Expense: 1.55% (As on 31-May-2022)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily19-Mar-20200.0110

 09-Mar-20200.0019
 06-Mar-20200.0045
 05-Mar-20200.0023
 04-Mar-20200.0038
 03-Mar-20200.0023
 02-Mar-20200.0015
 28-Feb-20200.0044
 27-Feb-20200.0061
 26-Feb-20200.0015
 25-Feb-20200.0015
 24-Feb-20200.0015
 20-Feb-20200.0060
 18-Feb-20200.0030
 17-Feb-20200.0020
 14-Feb-20200.0056
 13-Feb-20200.0015
 12-Feb-20200.0015
 11-Feb-20200.0015
 10-Feb-20200.0017
 07-Feb-20200.0044
 06-Feb-20200.0015
 05-Feb-20200.0141
 04-Feb-20200.0023
 03-Feb-20200.0032
IDCW Quarterly27-Dec-20190.1549

 27-Sep-20190.1441
 28-Jun-20190.1441
 29-Mar-20190.1441
 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-20150.1661
 20-Mar-20150.1452
 29-Dec-20140.1815
 29-Sep-20140.1995
 27-Jun-20140.2494
 28-Mar-20140.1559
 27-Dec-20130.3000
 26-Dec-20120.1762

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

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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