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SBI Corporate Bond Fund

Fund Manager

  • Mr. Rajeev Radhakrishnan

    Managing this fund since Jan 2019.

    Total experience 17 years .

    See all Open-Ended funds managed by Mr. Rajeev Radhakrishnan
    Mr. Rajeev Radhakrishnan
    Description :

    Rajeev joined SBIFM as a fixed income portfolio manager in 2008. He currently heads the Fixed Income desk at the AMC. Prior to joining SBIFM, Rajeev was Co-Fund Manager for Fixed Income with UTI Asset Management for seven years. Rajeev is an Engineering graduate and holds a Masters degree in finance from Mumbai University. He is also a charter holder of the CFA Institute, USA

    Total experience: 17 years
    Open-Ended funds Managed by Mr. Rajeev Radhakrishnan
    • Category
      DEBT
    • AUM ():
      16611.17 Cr as on 30 Jun 2020
    • Risk
      MODERATE
      riskometer
      • Regular income for medium term.
      • Investment predominantly in corporate debt securities rated AA+ and above.
    • Benchmark
      NIFTY Corporate Bond Index
    • Exit Load
      Read more
      For exit on or before 6 months from the date of allotment: 1%;
       
      For exit after 6 months from the date of allotment: NIL.
    • Type of Scheme
      Read more
      An open-ended debt scheme predominantly investing in AA+ and above rated corporate bonds
    • Launch Date
      January 16, 2019
    INVEST NOW
    Returns

    as onJune 30, 2020

    11.75%

    * for Regular Growth

    Min Lumpsum ()

    5000 & in multiples of 1

    Min Additional Lumpsum ()

    1000 & in multiples of 1

    • Fund Overview
    • Portfolio
    • Historical NAV
    • Documents
    • TAX Status
    • Performance
    • Index Constituent

    Investment Objective

    To provide the investors an opportunity to predominantly invest in corporate bonds rated AA+ and above to generate additional spread on part of their debt investments from high quality corporate debt securities while maintaining moderate liquidity in the portfolio through investment in money market securities.
     
    Investment Strategy
     
    The scheme aims to generate attractive returns through high quality corporate debt securities which are rated AA+ and above. Performance will depend on the Asset Management Company’s ability to accurately assess the financial position of the security issuers regarding paying off its debt.
     
    The investments may be made in primary as well as secondary markets. The portfolio will be sufficiently diversified to minimize credit risk. The Scheme being open-ended, some portion of the portfolio will be invested in money market instruments to meet the liquidity requirements.

     

    Compounded Annualized Growth Rate Performance

    Last 1 Year Last 3 Year Last 5 Year Since Inception(16/01/2019)
    SBI Corporate Bond Fund12.2%N.A.N.A.11.75%
    Scheme Benchmark: - NIFTY Corporate Bond Index

    Benchmark

    		12.15%N.A.N.A.11.44%
    Additional Benchmark: - Crisil 10 Yr Gilt Index

    Additional Benchmark

    		11.14%N.A.N.A.13%

    Current Value of Standard Investment of Rs 10,000

    Last 1 Year Last 3 Year Last 5 Year Since Inception(16/01/2019)
    SBI Corporate Bond Fund 11220N.A.N.A. 11696.7
    Scheme Benchmark: - NIFTY Corporate Bond Index

    Benchmark

    		 11215N.A.N.A. 11650.89
    Additional Benchmark: - Crisil 10 Yr Gilt Index

    Additional Benchmark

    		 11114N.A.N.A. 11881.84
    Notes:
    • Different plans shall have different expense structure. In case of return calculated the dividend option, it is assumed that dividend declared under the schemes have been reinvested at the prevailing NAV
    • Past performance may or may not be sustained in future and same may not necessarily provide the basis for comparison with other investment
    • Load is not considered for computation of returns
    • Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement. In case, the start/end date of the concerned period is a non-business day, the NAV of the previous date is considered for computation of returns
    • The data of the last working day has been considered for the calculation of performance
    • Wherever TRI data since inception for benchmarks is not available, benchmark performance is calculated using composite of CAGR and TRI values of the benchmark
    • The performance of the schemes is benchmarked to the Total Return variant of the Index
    • To view other open ended funds managed by the fund manager go to the Fund Manager section
    as on
    Quantitative Data As on 30-Jun-2020
    Expense Ratio**: 0.84
    Modified Duration: 0.00
    Average Maturity: 3.60 years
    Yield To Maturity: 2.97

    **Expense ratio exclusive of Service Tax on Management Fees

    Portfolio Holdings

    As on  30/06/2020
    Stock Name (%) Of Total AUM
    GOVERNMENT OF INDIA 14.66
    REC LTD. 5.52
    STATE BANK OF INDIA 5.04
    NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT 4.99
    POWER FINANCE CORPORATION LTD. 4.68
    HOUSING DEVELOPMENT FINANCE CORPORATION LTD. 4.50
    RELIANCE INDUSTRIES LTD. 3.80
    LARSEN & TOUBRO LTD. 3.68
    AIR INDIA ASSETS HOLDING LTD. 3.61
    CASH, CASH EQUIVALENTS AND OTHERS 3.51
    view complete portfolio

    Sectoral Breakdown (in %)

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    Investor Also Viewed
    Dear Investor, Please note temporary revised cut-off timings for SBI Mutual fund schemes as per SEBI direction. For Subscriptions in Liquid & Overnight schemes – 12:30 PM. For all other schemes and transactions (including Liquid Redemption / Switch) – 1:00 PM. The above changes will be effective from April 7, 2020 (Tuesday) till further notice.