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Unrated

SBI Floating Rate Debt Fund - Regular Plan


Debt: Floater

Suitability:

This is a fund that invests mainly in bonds whose rate of interest keeps changing with the prevailing interest rates in the economy. Given their investment mandate, such funds are usually less volatile in response to changing interest rates.

They can be a viable option for the fixed-income allocation in your portfolio. However, we believe that 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.

If you do decide to invest in them, remember that they are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.

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 -- -0.02 0.16 -- -- -- -- -- -- -- --
CCIL T Bill Liquidity Weight -- 0.02 0.04 -- -- -- -- -- -- -- --
Debt: Floater -- 0.00 0.19 -- -- -- -- -- -- -- --
Rank within category -- 6 5 -- -- -- -- -- -- -- --
Number of funds in category 7 8 8 7 7 7 7 5 5 5 5

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)
HDFC Floating Rate Debt Fund  | Invest Online
Unrated
Oct-07 9.00 8.19 8.15 0.48 14,534
Nippon India Floating Rate Fund  | Invest Online
Unrated
Aug-04 11.33 8.48 8.22 0.57 14,461
ICICI Prudential Floating Interest Fund  | Invest Now
Unrated
Nov-05 9.09 7.95 7.96 1.31 10,965
Aditya Birla Sun Life Floating Rate Fund  | Invest Online
Unrated
Mar-09 8.61 8.23 8.29 0.39 7,160
Aditya Birla Sun Life Floating Rate Fund - Retail Plan  | Invest Online
Unrated
Jun-03 8.61 8.23 8.29 0.28 7,160

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.19 (19-Nov-2020 - 26-Nov-2020) 0.07 (13-Nov-2020 - 20-Nov-2020)
Month -- ( - ) -- ( - )
Quarter -- ( - ) -- ( - )
Year -- ( - ) -- ( - )

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.89 0.32 -3.35 -6.53 -- --
Debt: Floater* 7.51 1.20 2.23 4.29 0.24 2.80
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-Oct-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- --
Modified Duration (yrs) 0.10 0.10 0.10 --
Average Maturity (yrs) 0.10 0.10 0.10 --
Yield to Maturity (%) 3.20 3.20 3.20 --
Avg Credit Rating -- -- --

Credit Rating vis-à-vis Category

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Top Holdings

The underlying data is unavailable.

As on

Fund Manager

— Rajeev Radhakrishnan since 06-Oct-2020

Education: Mr. Radhakrishnan is B.E (Production), MMS (Finance) and CFA.

Experience: Prior to joining SBI AMC he has worked with UTI Asset Management Company Ltd.

Funds Managed:


-0.02%

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

Growth: ₹ 10.0559

Dividend Quarterly: ₹ 10.0559

Dividend Monthly: ₹ 10.0559


Investment Strategy

The scheme seeks to generate regular income through investment in a portfolio comprising substantially of floating rate debt instruments. The scheme may invest a portion of its net assets in fixed rate debt securities swapped for floating rate returns and money market instruments.

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 (₹) --
Exit Load 0.1% for redemption within 3 days

Basic Details

Fund House: SBI Mutual Fund
Launch Date: 27-Oct-2020
Return Since Launch: 0.56%
Benchmark: CRISIL Ultra ST Debt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ -- Cr (As on )
Expense: -- (As on )
Risk Grade: --
Return Grade: --

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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