10.0202
10.2091
1
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
Dividends
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| YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.38 | 0.03 | -0.03 | 0.01 | 1.15 | -- | -- | -- | -- | -- | -- |
| CCIL T Bill Liquidity Weight | 0.33 | 0.01 | 0.04 | 0.21 | 0.45 | -- | -- | -- | -- | -- | -- |
| Debt: Floater | -0.02 | 0.02 | 0.06 | 0.14 | 0.37 | -- | -- | -- | -- | -- | -- |
| Rank within category | 1 | 4 | 8 | 7 | 1 | -- | -- | -- | -- | -- | -- |
| Number of funds in category | 8 | 9 | 9 | 8 | 8 | 7 | 7 | 5 | 5 | 5 | 5 |
As on 08-Mar-2021
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
|---|---|---|---|---|---|---|---|
| SBI Floating Rate Debt Fund - Regular Plan | Oct-20 | -- | -- | -- | 0.46 | 98 | |
| HDFC Floating Rate Debt Fund | Invest Online | Oct-07 | 7.83 | 7.97 | 7.90 | 0.48 | 16,886 | |
| Nippon India Floating Rate Fund | Invest Online | Aug-04 | 8.25 | 8.24 | 7.88 | 0.57 | 16,057 | |
| ICICI Prudential Floating Interest Fund | Invest Now | Nov-05 | 8.03 | 7.86 | 7.80 | 1.40 | 13,844 | |
| Aditya Birla Sun Life Floating Rate Fund | Invest Online | Mar-09 | 6.83 | 7.76 | 7.93 | 0.38 | 9,611 |
| Best Performance | Worst Performance | |||
|---|---|---|---|---|
| Return (%) | Period | Return (%) | Period | |
| Week | 0.53 | 17-Dec-2020 - 24-Dec-2020 | -0.13 | 28-Jan-2021 - 04-Feb-2021 |
| Month | 1.17 | 02-Dec-2020 - 01-Jan-2021 | -0.08 | 27-Jan-2021 - 26-Feb-2021 |
| Quarter | 1.76 | 04-Nov-2020 - 03-Feb-2021 | 1.21 | 04-Dec-2020 - 05-Mar-2021 |
| Year | -- | - | -- | - |
| Mean | Std Dev | Sharpe | Sortino | Beta | Alpha | |
|---|---|---|---|---|---|---|
| Fund | -- | -- | -- | -- | -- | -- |
| CCIL T Bill Liquidity Weight* | 3.68 | 0.37 | -2.46 | -5.24 | -- | -- |
| Debt: Floater* | 7.47 | 1.28 | 2.32 | 3.46 | 0.74 | 3.55 |
| 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 28-Feb-2021
| Fund | 1Y High | 1Y Low | Category | |
|---|---|---|---|---|
| Number of Securities | 5 | 5 | 5 | 69 |
| Modified Duration (yrs) | 0.63 | 6.83 | 0.10 | 1.38 |
| Average Maturity (yrs) | 4.41 | 7.89 | 0.10 | 2.63 |
| Yield to Maturity (%) | 4.12 | 4.12 | 1.82 | 4.86 |
| Avg Credit Rating | AAA | -- | -- | -- |
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| Company | Instrument | Credit Rating | 1Y Range | % Assets | |
|---|---|---|---|---|---|
|
6.51% GOI 2024 | GOI Securities | SOV | 0.00 - 54.46 | 53.44 |
|
GOI 22/09/2033 | GOI Securities Floating Rate Bond | SOV | 15.48 - 24.47 | 15.48 |
|
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7.25% Punjab National Bank 14/10/2030 | Debenture | AA+ | 5.19 - 8.54 | 5.19 |
|
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5.75% Tamilnadu State 27/05/2025 | State Development Loan | SOV | 5.15 - 8.49 | 5.15 |
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6.24% State Bank of India 21/09/2030 | Non Convertible Debenture | AAA | 4.64 - 7.67 | 4.64 |
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-Jan-2021
— 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:
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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.
| Minimum Investment (₹) | 5,000 |
| Minimum Addl Investment (₹) | 1,000 |
| Minimum SIP Investment (₹) | 500 |
| Minimum No of Cheques | 12 |
| Minimum Withdrawal (₹) | 500 |
| Minimum Balance (₹) | -- |
| Lock-in Period | Not Applicable |
| Exit Load | 0.1% for redemption within 3 days |
| Fund House: | SBI Mutual Fund |
| Launch Date: | 27-Oct-2020 |
| Return Since Launch: | 1.96% |
| Benchmark: | CRISIL Ultra ST Debt TRI |
| Riskometer: | Moderately High |
| Type: | Open-ended |
| Assets: | ₹ 98 Cr (As on 31-Jan-2021) |
| Expense: | 0.46% (As on 31-Jan-2021) |
| Risk Grade: | -- |
| Return Grade: | -- |
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
Saturday, 13-Mar-2021
04:00 PM - 04:30 PM