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SBI Floating Rate Debt Fund - Direct (IDCW-Q)

Floater Fund
Invest Now

  • NAV

    12.93(0.03%)

  • Fund Size (CR)

    ₹1,293.79

  • Expense Ratio

    0.26

  • Scheme Type

    Active Fund

  • Value Research

  • Min. investment

    ₹5,000

  • Minimum Additional Investment

    ₹1,000

  • Minimum SIP Investment

    ₹500

  • Minimum Withdrawal

    ₹500

  • Exit Load For Exit within 3 days from the date of allotment: 0.10%, For Exit on or after 3 days from the date of allotment: Nil

    0.1%

  • Return Since Launch

    6.24%
  • 3M
  • 6M
  • 1Y
  • 3Y
  • All
Absolute Return: 1.67%
Annualized Return: 0% [object Object]

Basic Details

Scheme Manager

Rajeev Radhakrishnan

Bench Mark

NIFTY Short Duration Debt Index A-II

Type

OPEN

Lumpsum Returns

Period Invested For₹10,000 Invested onLatest ValueAbsolute ReturnsAnnualised ReturnsCategory AvgRank within Category
1 Week 13 January 202510016.510.17%-0.24%86/101
1 Month20 December 202410061.040.61%-0.55%24/101
3 Month18 October 202410167.671.68%-1.65%49/101
6 Month19 July 202410388.863.89%-4.00%68/101
1 Year19 January 202410839.028.39%8.39%8.37%42/101
3 Year20 January 202212228.6322.29%6.94%6.78%26/101
5 Year--0%-6.71%-/-
Since Inception27 October 202012922.6029.23%6.24%6.81%69/101

Note: Lumpsum Returns since Inception Date.

SIP Returns

Period Invested For₹10,000 Invested onInvestmentsLatest ValueAbsolute ReturnsAnnualised Returns
1 Year1 February 20241,20,000124830.174.03% 4.03%
3 Year1 February 20223,60,000404208.8712.28% 3.94%
5 Year4 November 20205,10,000592389.9216.15% 3.04%
10 Year-----

Note: SIP Returns since Inception Date.

Tax Treatment

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.

Mutual Funds Calculator

  • Investment type
  • Scheme based
  • SIP
  • Lumpsum

Monthly Investment (₹)

Expected Returns Rate (%)

Time Period (in Years)

Start your SIP now

  • Invested Amount

    ₹25,000

  • Estimated Returns

    ₹19,059

76%

Returns

Future value of your investment

₹44,059

Risk Ratios

0.24%

Standard Deviation

0.03%

Beta

-0.30%

Sharpe Ratio

2.53%

Treynor's Ratio

-0.36%

Jension's Alpha

Asset Allocation

Sector Allocation

There is no Sector Allocation data

Top 10 stock holding in portfolio

Stock Invested in% of Total HoldingsQuantityValue (Cr)Asset TypeSegment
Pipeline Infra6.03%780078.56Corporate DebtsDebt Others
N A B A R D3.86%500050.20Corporate DebtsDebt Others
John Dere FIN(I)3.81%50049.57Corporate DebtsDebt Others
SMFG Home Financ3.08%400040.05Corporate DebtsDebt Others
HDB FINANC SER1.93%250025.16Corporate DebtsDebt Others
Sikka Ports1.92%25025.04Corporate DebtsDebt Others
S I D B I1.91%25024.82Corporate DebtsDebt Others
Nagpur-Seoni Ex.0.27%86703.47Corporate DebtsDebt Others
Gsec203142.06%54000000547.56Govt. SecuritiesGovt. Securities
GSEC20349.59%12500000124.79Govt. SecuritiesGovt. Securities

Peer Comparison

Scheme NameValue ResearchAsset Size (Cr)1M3M6M1Y3Y
SBI Floating Rate Debt Fund - Direct (IDCW-Q)
1293.790.61%1.68%3.89%8.39%6.94%
ICICI Pru Floating Interest Fund-Direct (IDCW-W)
7776.880.61%2.33%6.46%12.05%9.24%
DSP Floater Fund - Direct (G)
617.930.55%1.67%4.43%9.37%7.08%
DSP Floater Fund - Direct (IDCW)
617.930.55%1.67%4.43%9.37%7.08%
AXIS Floater Fund - Direct (G)
169.200.40%1.20%4.07%9.34%7.30%
AXIS Floater Fund - Direct (IDCW-A)
169.200.39%1.19%4.05%9.29%7.26%

News

  • SBI MF announces change in Fund Manager of the following schemes

    SBI Mutual Fund has announced change in Fund Managers of the following scheme with effect from: 27 December 2024

    Change in Fund Managers of the Schemes:

    Scheme Name Existing Fund Manager(s) New Fund Manager(s)
    SBI Liquid Fund Mr. R. Arun and
    Mr. Rajeev Radhakrishnan
    (Co-Fund Manager)     		Mr. Rajeev Radhakrishnan
    SBI Overnight Fund Mr. R. Arun Mr. Ranjana Gupta and
    Mr. Tejas Soman
    (Co-Fund Manager)
    SBI Savings Fund Mr. R. Arun and
    Mr. Rajeev Radhakrishnan
    (Co-Fund Manager)     		Mr. Rajeev Radhakrishnan
    SBI Magnum Ultra Short Duration Fund Mr. R. Arun and
    Mr. Ardhendhu Bhattacharya
    (Co-Fund Manager)     		Mr. Rajeev Radhakrishnan and
    Mr. Ardhendhu Bhattacharya
    (Co-Fund Manager)
    SBI Magnum Low Duration Fund Mr. Rajeev Radhakrishnan and
    Mr. R. Arun
    (Co-Fund Manager)     		Mr. Rajeev Radhakrishnan
    SBI Arbitrage Opportunities Fund Mr. Neeraj Kumar (Equity Portion)
    Mr. R. Arun (Debt Portion)     		Mr. Neeraj Kumar (Equity Portion)
    Mr. Ardhendhu Bhattacharya (Debt Portion)

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  • SBI MF announces change in the Benchmark of Fixed Maturity Plan under its schemes

    SBI Mutual Fund has announced change in the benchmark Fixed Maturity Plan of SBI Mutual Fund with effect from January 01, 2025.

    Change in name of Benchmark of Fixed Maturity Plan

    Scheme Name Existing Benchmark Revised Benchmark
    SBI Fixed Maturity Plan (FMP) - Series 1 (3668 Days) CRISIL Long Term Debt Index CRISIL Long Term Debt A-111 Index
    SBI Fixed Maturity Plan (FMP) - Series 6 (3668 Days) CRISIL Long Term Debt Index CRISIL Long Term Debt A-111 Index
    SBI Fixed Maturity Plan (FMP) - Series 34 (3682 Days) CRISIL Long Term Debt Index CRISIL Long Term Debt A-111 Index
    SBI Fixed Maturity Plan (FMP) - Series 42 (1857 Days) CRISIL Medium to Long Term Debt Index CRISIL Medium to Long Term Debt Index A-111 Index
    SBI Fixed Maturity Plan (FMP) - Series 44 (1855 Days) CRISIL Medium to Long Term Debt Index CRISIL Medium to Long Term Debt Index A-111 Index
    SBI Fixed Maturity Plan (FMP) - Series 45 (1840 Days) CRISIL Medium to Long Term Debt Index CRISIL Medium to Long Term Debt Index A-111 Index
    SBI Fixed Maturity Plan (FMP) - Series 46 (1850 Days) CRISIL Medium to Long Term Debt Index CRISIL Medium to Long Term Debt Index A-111 Index
    SBI Fixed Maturity Plan (FMP) - Series 49 (1823 Days) CRISIL Medium to Long Term Debt Index CRISIL Medium to Long Term Debt Index A-111 Index
    SBI Fixed Maturity Plan (FMP) - Series 50 (1843 Days) CRISIL Medium to Long Term Debt Index CRISIL Medium to Long Term Debt Index A-111 Index
    SBI Fixed Maturity Plan (FMP) - Series 51 (1846 Days) CRISIL Medium to Long Term Debt Index CRISIL Medium to Long Term Debt Index A-111 Index
    SBI Fixed Maturity Plan (FMP) - Series 52 (1848 Days) CRISIL Medium to Long Term Debt Index CRISIL Medium to Long Term Debt Index A-111 Index
    SBI Fixed Maturity Plan (FMP) - Series 53 (1839 Days) CRISIL Medium to Long Term Debt Index CRISIL Medium to Long Term Debt Index A-111 Index
    SBI Fixed Maturity Plan (FMP) - Series 54 (1842 Days) CRISIL Medium to Long Term Debt Index CRISIL Medium to Long Term Debt Index A-111 Index
    SBI Fixed Maturity Plan (FMP) - Series 55 (1849 Days) CRISIL Medium to Long Term Debt Index CRISIL Medium to Long Term Debt Index A-111 Index
    SBI Fixed Maturity Plan (FMP) - Series 57 (1835 Days) CRISIL Medium to Long Term Debt Index CRISIL Medium to Long Term Debt Index A-111 Index
    SBI Fixed Maturity Plan (FMP) - Series 57 (1842 Days) CRISIL Medium to Long Term Debt Index CRISIL Medium to Long Term Debt Index A-111 Index
    SBI Fixed Maturity Plan (FMP) - Series 58 (1835 Days) CRISIL Medium to Long Term Debt Index CRISIL Medium to Long Term Debt Index A-111 Index
    SBI Fixed Maturity Plan (FMP) - Series 59 (1618 Days) CRISIL Medium to Long Term Debt Index CRISIL Medium to Long Term Debt Index A-111 Index
    SBI Fixed Maturity Plan (FMP) - Series 60 (1878 Days) CRISIL Medium to Long Term Debt Index CRISIL Medium to Long Term Debt Index A-111 Index
    SBI Fixed Maturity Plan (FMP) - Series 61 (1927 Days) CRISIL Medium to Long Term Debt Index CRISIL Medium to Long Term Debt Index A-111 Index
    SBI Fixed Maturity Plan (FMP) - Series 67 (1467 Days) CRISIL Medium to Long Term Debt Index CRISIL Medium to Long Term Debt Index A-111 Index

    Powered by Capital Market - Live News

  • SBI Mutual Fund announces change in Exit Load Structure

    SBI Mutual Fund has announced change in exit load structure under following scheme stands revised with effect from 19 December 2024

    Change in Exit Load:

    Name of the Scheme Existing Exit Load Structure Revised Exit Load Structure
    SBI Long Duration Fund For exit on or before 90 days from the date of allotment-0.25%
    For exit after 90 days from the date of allotment - NIL     		NIL

    Powered by Capital Market - Live News

Fund House Details & Investment Objective

Date of Incorporation

6 October 2020

Total AUM (Cr)

₹1301.83

SBI Floating Rate Debt Fund - Direct (IDCW-Q) is an Floater Fund-oriented fund from the renowned AMC, SBI Mutual Fund. Launched in 6 October 2020, this fund is managed by Rajeev Radhakrishnan. With assets under management (AUM) worth ₹1,301.83 (Cr), as of 21 January 2025, SBI Floating Rate Debt Fund - Direct (IDCW-Q) is categorized as a Floater Fund within its segment. The fund has generated a return of 6.24% since its launch.
The current NAV of SBI Floating Rate Debt Fund - Direct (IDCW-Q) is ₹12.93, as on 21 January 2025. The fund's benchmark index is NIFTY Short Duration Debt Index A-II. You can invest in SBI Floating Rate Debt Fund - Direct (IDCW-Q) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹500 while the minimum lumpsum investment is ₹5,000.

Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
For Exit within 3 days from the date of allotment: 0.10%, For Exit on or after 3 days from the date of allotment: Nil The fund has generated 6.94% and undefined% CAGR in the last 3 and 5 years respectively.

The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments 98.26% in Debt and 1.74% in cash and cash equivalents.

FAQs

How to Invest in SBI Floating Rate Debt Fund - Direct (IDCW-Q) Direct Growth?

SBI Floating Rate Debt Fund - Direct (IDCW-Q) is a popular fund in the Floater Fund segment. The fund has generated a return of 6.24% since inception. Looking to invest in SBI Floating Rate Debt Fund - Direct (IDCW-Q) How about earning 1% extra return? All this is possible with m.Stock! Investing in SBI Floating Rate Debt Fund - Direct (IDCW-Q) is super easy and convenient with m.Stock. Here’s how you can begin:

  • Login to your m.Stock account. If you do not have an account, open m.Stock Demat account and enjoy 1% extra returns plus Zero Brokerage across products for life.
  • In the ‘Menu’ section, under ‘Products’, select ‘Mutual Funds’ .
  • In the search bar, enter the fund name, in this case, SBI Floating Rate Debt Fund - Direct (IDCW-Q)
  • On the top right corner you’ll see two options – Lumpsum and SIP. You can choose either based on your risk appetite and available investible corpus.
  • If you choose to invest a Lumpsum: Enter amount, select payment mode (UPI or Netbanking), and click on ‘invest a lumpsum’. Make the payment and your lumpsum investment is complete.
  • If you choose the SIP route, then enter SIP amount, SIP date, and set up ‘Autopay’ facility.

So, why wait? Invest in SBI Floating Rate Debt Fund - Direct (IDCW-Q) today and reap the benefits of this Floater Fund fund!

How much returns has SBI Floating Rate Debt Fund - Direct (IDCW-Q) Direct Growth generated?

In the short term, i.e., 1 year, SBI Floating Rate Debt Fund - Direct (IDCW-Q) has generated annualised return of 8.39%. In the long-term, the fund has generated 6.94% and - in 3 and 5 years respectively. Since its inception, the fund has generated 6.24% returns.

What is the expense ratio of SBI Floating Rate Debt Fund - Direct (IDCW-Q) Direct Growth?

The expense ratio of SBI Floating Rate Debt Fund - Direct (IDCW-Q) Direct Growth is 0.26%. Expense ratio is the fees payable by investors of the scheme towards management, research and overall upkeep of the fund. The higher the expense ratio, the lower is the in-hand return for the investor. Expense ratio for direct plans is lower than regular plans, making them ideal for investors.

What is the AUM of SBI Floating Rate Debt Fund - Direct (IDCW-Q) Fund Direct Growth?

The Assets Under Management (AUM) of SBI Floating Rate Debt Fund - Direct (IDCW-Q) is ₹1,301.83 (Cr) as of 2025-01-21 AUM shows the fund’s popularity and is often indicative of fund strength.

How to redeem or withdraw money from SBI Floating Rate Debt Fund - Direct (IDCW-Q) Direct Growth?

Redeeming or selling units of SBI Floating Rate Debt Fund - Direct (IDCW-Q) is relatively simple. But before you redeem, ensure that the fund has completed the minimum lock-in period else you will be charged an exit load.


To redeem from SBI Floating Rate Debt Fund - Direct (IDCW-Q):
  • Login to your m.Stock account
  • In portfolio, your mutual fund investments will be visible under ‘MF’
  • Select the fund you wish to redeem from (in this case SBI Floating Rate Debt Fund - Direct (IDCW-Q)).
  • Click on ‘Redeem’ button
  • You have 2 options – redeem by units and redeem by value (you can only redeem free units)
  • Select units to be redeemed and click on submit.
  • Redemption value will be credited to your account in 2-3 working days (as per timelines set by SEBI).
Note : Securities shown above are only for illustrative purposes and not recommendatory in nature. The data represents best/cumulative figures till date.