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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 2.83 0.01 0.06 0.61 1.57 2.86 -- -- -- -- --
CCIL T Bill Liquidity Weight 1.49 0.01 0.04 0.18 0.63 1.15 -- -- -- -- --
Debt: Floater 3.13 0.01 0.06 0.53 1.49 3.27 -- -- -- -- --
Rank within category 6 5 5 4 3 6 -- -- -- -- --
Number of funds in category 8 12 12 12 10 9 7 5 5 5 5

As on 16-Sep-2021

Peer Comparison

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
Unrated
Oct-20 -- -- -- 0.46 1,880
HDFC Floating Rate Debt Fund  | Invest Online
Unrated
Oct-07 6.15 7.86 7.51 0.48 22,077
Aditya Birla Sun Life Floating Rate Fund  | Invest Online
Unrated
Mar-09 5.13 7.63 7.41 0.38 21,707
Aditya Birla Sun Life Floating Rate Fund - Retail Plan  | Invest Online
Unrated
Jun-03 5.14 7.63 7.41 0.28 21,707
Nippon India Floating Rate Fund  | Invest Online
Unrated
Aug-04 6.26 8.70 7.50 0.57 18,784

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.53 17-Dec-2020 - 24-Dec-2020 -0.41 09-Mar-2021 - 16-Mar-2021
Month 1.17 02-Dec-2020 - 01-Jan-2021 -0.38 12-Feb-2021 - 16-Mar-2021
Quarter 1.76 04-Nov-2020 - 03-Feb-2021 0.07 08-Jan-2021 - 09-Apr-2021
Year -- - -- -

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.37 0.39 -1.71 -4.34 -- --
Debt: Floater* 7.36 1.24 2.71 4.25 0.68 3.78
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 66 66 4 96
Modified Duration (yrs) 0.92 6.83 0.10 1.21
Average Maturity (yrs) 4.35 7.89 0.10 2.67
Yield to Maturity (%) 4.46 4.78 1.82 4.47
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
up GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 7.79 - 36.93 22.55
up 6.51% GOI 2024 GOI Securities SOV 0.00 - 54.46 16.49
up 5.63% GOI 2026 GOI Securities SOV 0.00 - 6.64 6.64
new 5.05% Indian Oil Corporation 25/11/2022 Debenture AAA 0.00 - 5.38 5.38
equal 8.24% Madhya Pradesh State 24/12/2024 State Development Loan SOV 0.00 - 8.78 4.36
new ICICI Securities 358-D 11/03/2022 Commercial Paper A1+ 0.00 - 3.13 3.13
new HDFC Bank 17/08/2022 Certificate of Deposit A1+ 0.00 - 3.08 3.08
equal 5.95% Tamilnadu State 13/05/2025 State Development Loan SOV 0.00 - 5.43 2.70
new 5.27% National Bank Agr. Rur. Devp 29/04/2024 Debenture AAA 0.00 - 2.68 2.68
new ICICI Securities 177-D 17/12/2021 Commercial Paper A1+ 0.00 - 2.63 2.63
equal 8.25% Maharashtra State 13/05/2025 State Development Loan SOV 0.00 - 5.26 2.61
new 7.00% Reliance Industries 31/08/2022 Non Convertible Debenture AAA 0.00 - 2.46 2.46
equal 7.68% GOI 15/12/2023 GOI Securities SOV 0.00 - 6.51 2.27
equal 6.18% GOI 2024 GOI Securities SOV 0.00 - 24.63 2.21
equal M&M Financial Services 23/07/2024 Debenture AAA 0.00 - 4.28 2.12
equal 8.21% Tamilnadu State 24/06/2025 State Development Loan SOV 0.00 - 4.09 2.03
new 8.31% Uttar Pradesh State 29/07/2025 State Development Loan SOV 0.00 - 1.45 1.45
new 8.38% Karnataka State 31/10/2022 State Development Loan SOV 0.00 - 1.40 1.40
equal 8.92% Kerala State 2022 State Development Loan SOV 0.00 - 2.82 1.39
new 5.41% Andhra Pradesh State 2024 State Development Loan SOV 0.00 - 1.34 1.34
new 4.23% HDFC 18/02/2022 Debenture AAA 0.00 - 1.33 1.33
new 8.02% Telangana State 25/05/2026 State Development Loan SOV 0.00 - 1.32 1.32
new 9.80% Haryana State 26/02/2024 State Development Loan SOV 0.00 - 1.18 1.18
new 8.09% Uttar Pradesh State 29/04/2025 State Development Loan SOV 0.00 - 1.15 1.15
new 6.97% GOI 2026 GOI Securities SOV 0.00 - 6.38 1.12

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

— Ardhendu Bhattacharya since 30-Jun-2021

Education: Mr. Bhattacharya is a MBA (Marketing) and Bachelor of Engineering.

Experience: Prior to joining SBI Mutual Fund, he has worked with ICICI Bank and Citibank.

Funds Managed:


0.01%

Change from previous, NAV as on 16-Sep-2021

Growth: ₹ 10.4460

IDCW Quarterly: ₹ 10.4467

IDCW Monthly: ₹ 10.4467


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 (₹) --
Lock-in Period Not Applicable
Exit Load 0.1% for redemption within 3 days

Basic Details

Fund House: SBI Mutual Fund
Launch Date: 27-Oct-2020
Return Since Launch: 4.46%
Benchmark: CRISIL Ultra Short Term Debt Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,880 Cr (As on 31-Aug-2021)
Expense: 0.46% (As on 31-Jul-2021)
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

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