SBI Floating Rate Debt Fund - Regular Plan

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Value Research Rating

4 star

Analyst’s Choice

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Riskometer

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Low to Moderate

₹11.9400 0.00

As on 29-Feb-2024

Returns

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Calculate SIP Returns of SBI Floating Rate Debt Fund - Regular Plan

Upfront Investment

Monthly SIP Amount

Investment Duration

years

Risk info

This fund has Low to Moderate risk.

low
Low to Moderate
Moderate
Moderately High
High
Very High

As per SEBI's Riskometer.

Portfolio of SBI Floating Rate Debt Fund - Regular Plan

Asset Allocation

Split between different types of investments

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Credit Rating Weightage

Split between categories of Equity investments

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Peer Comparison

Other details of SBI Floating Rate Debt Fund - Regular Plan

Assets info

₹1,664 Cr

Exit Load (Days) info

0.10 (3)

Min. Investment (₹)

5,000

Min. Withdrawal (₹)

500

Min. SIP Investment (₹)

500

Min. No of Cheques

12

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.

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."

Taxation

Capital Gains Taxation

  • If investment is made on or after 1 April 2023: Entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • If investment is made before 1 April 2023:
    • Sold within 3 years from the date of investment: Gains are added to the investors' income and taxed according to the applicable slab rate.
    • Sold after 3 years from the date of investment: Gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • No tax is to be paid as long as you continue to hold the units.

Dividend Taxation

  • 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.

Latest news on SBI Floating Rate Debt Fund - Regular Plan

FAQ for SBI Floating Rate Debt Fund - Regular Plan

SBI Floating Rate Debt Fund - Regular Plan is mandated to invest at least 65 per cent of its assets in bonds carrying a floating rate of interest.

Mutual funds can be bought directly from the website of the fund house. For instance, SBI Floating Rate Debt Fund - Regular Plan fund can be purchased from the website of SBI Mutual Fund. You can also buy mutual funds through platforms like MF Central, MF Utility, among others. However, if you are not comfortable buying mutual funds online, you can seek help of a mutual fund distributor. Most banks also act as mutual fund distributors. So you can connect with your bank for assistance.

The NAV of SBI Floating Rate Debt Fund - Regular Plan is ₹11.9400 as of 01-Mar-2024.

The AUM of SBI Floating Rate Debt Fund - Regular Plan Fund is ₹1,664 Cr as of 31-Jan-2024

The riskometer level of SBI Floating Rate Debt Fund - Regular Plan is Low to Moderate. See More

Company Percentage of Portfolio

GOI Sec 04/10/2028

41.88

GOI GOI FRB 22/09/2033

7.29

GOI Sec 4.45 30/10/2034

7.15

GOI Sec 7.18 14/08/2033

6.02

National Bank For Agriculture & Rural Development SR 24E Debenture 7.80 15/03/2027

6.02
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As of 31-Jan-2024, SBI Floating Rate Debt Fund - Regular Plan had invested 93.37% in Debt and 6.63% in Cash & Cash Eq. See More

SBI Floating Rate Debt Fund - Regular Plan is 3 years 4 months old. It has delivered 5.45% returns since inception. See More

1Y
3Y
5Y
7Y
10Y
Since Inception
7.90%
5.39%
--
--
--
5.45%

No, There is no lock in period in SBI Floating Rate Debt Fund - Regular Plan.

The expense ratio of SBI Floating Rate Debt Fund - Regular Plan is 0.47.

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