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Unrated

SBI Fixed Maturity Plan - Series 23 (1106 Days) - Direct Plan


Debt: FMP

1 Lakh

Investment Grown to
₹ 1.05 Lakh

Suitability:

Fixed Maturity Plans, as the name suggests, are funds that have a fixed tenure which can vary from three months to five years or even more. Upon the completion of the stated tenure, the fund is wound up and investors' money is returned to them along with accumulated gains. Therefore, they are similar to bank fixed deposits except that they do not offer guaranteed returns even though they aim to better what an FD can fetch.

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 3.20 0.01 0.06 0.34 1.39 3.02 5.49 -- -- -- --
CCIL T Bill Liquidity Weight 1.51 0.00 0.04 0.17 0.62 1.10 2.18 -- -- -- --
Debt: FMP 3.64 0.01 0.09 0.42 1.26 2.86 5.87 -- -- -- --
Rank within category 162 61 270 210 56 63 102 -- -- -- --
Number of funds in category 302 317 316 313 306 302 302 53 3 3 0

As on 21-Sep-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
SBI Fixed Maturity Plan - Series 23 (1106 Days) - Direct Plan
Unrated
Nov-19 5.49 -- -- 0.15 64
Kotak FMP Series 252 - 1261 Days - Direct Plan
Unrated
Nov-18 5.20 -- -- -- 1,349
HDFC Fixed Maturity Plan - 1487 Days - August 2018 (1) - Direct Plan
Unrated
Sep-18 10.89 10.20 -- 0.25 790
Kotak FMP Series 239 - 1330 Days - Direct Plan
Unrated
Aug-18 9.26 9.70 -- -- 780
SBI Fixed Maturity Plan - Series 41 (1498 Days) - Direct Plan
Unrated
Mar-21 -- -- -- 0.15 754

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 3.18 24-Mar-2020 - 31-Mar-2020 -2.25 12-Mar-2020 - 19-Mar-2020
Month 3.94 24-Mar-2020 - 23-Apr-2020 -2.94 23-Feb-2020 - 24-Mar-2020
Quarter 7.51 25-Mar-2020 - 24-Jun-2020 -0.92 24-Dec-2019 - 24-Mar-2020
Year 12.73 24-Mar-2020 - 24-Mar-2021 5.25 20-Jul-2020 - 20-Jul-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.37 0.39 -1.71 -4.34 -- --
Debt: FMP* 8.05 2.15 2.32 4.44 1.31 4.88
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

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

As on

* As on 31-Aug-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 15 15 -- 15
Modified Duration (yrs) -- -- -- --
Average Maturity (yrs) -- -- -- --
Yield to Maturity (%) -- -- -- --
Avg Credit Rating AAA -- -- --

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Axis Finance 2022 Debenture AAA 9.07 - 9.23 9.23
equal 7.60% LIC Housing Fin. 22/11/2022 Debenture AAA 8.15 - 8.62 8.15
equal 7.17% Reliance Industries 2022 Non Convertible Debenture AAA 8.12 - 8.61 8.12
equal 7.50% HDB Financial Services 19/11/2022 Debenture AAA 8.12 - 8.59 8.12
equal 7.35% Power Finance Corporation 15/10/2022 Debenture AAA 8.11 - 8.60 8.11
equal Housing & Urban Development Corporation 13/10/2022 Debenture AAA 8.09 - 8.58 8.09
equal 6.70% National Bank Agr. Rur. Devp 2022 Debenture AAA 8.08 - 8.56 8.08
equal 8.02% Larsen & Toubro 22/05/2022 Non Convertible Debenture AAA 8.08 - 8.66 8.08
equal 6.80% SIDBI 29/09/2022 Debenture AAA 8.08 - 8.58 8.08
equal 7.03% REC 2022 Non Convertible Debenture AAA 6.46 - 6.84 6.46
equal 7.41% Nabha Power 20/04/2022 Debenture AAA 4.80 - 5.12 4.80
equal Axis Bank 24/11/2021 Certificate of Deposit A1+ 0.00 - 4.72 4.68
equal 9.15% Export-Import Bank 2022 Bonds AAA 1.65 - 1.78 1.65
equal 7.09% REC 17/10/2022 Debenture AAA 1.62 - 1.71 1.62
equal 8.91% Andhra Pradesh State 2022 State Development Loan SOV 0.00 - 1.50 1.48

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-Aug-2021

Fund Manager

— Ranjana Gupta since 05-Nov-2019

Education: She is a Commerce graduate from Mumbai University

Experience: Prior to joining SBI Mutaul Fund, She was heading the broking activities at Twentyfirst Century Shares and Securities Ltd from May 1995 to February 2008. She started her career as a dealer in 1995 with OTCEI.

Funds Managed:


0.01%

Change from previous, NAV as on 21-Sep-2021

Growth: ₹ 11.5480

IDCW: ₹ 11.5480


Investment Strategy

The scheme seeks to provide regular income and capital growth with limited interest rate risk to the investors through investments in a portfolio comprising of debt instruments such as Government Securities, PSU & Corporate Bonds and Money Market Instruments maturing on or before the maturity of the Scheme.

Investment Details

Tenure (Days) 1106
Maturity date 23-Nov-2022

Basic Details

Fund House: SBI Mutual Fund
Launch Date: 14-Nov-2019
Return Since Launch: 8.07%
Benchmark: CRISIL Medium Term Debt Index
Riskometer: Low to Moderate
Type: Closed-end

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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