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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 ():
      16046.73 Cr as on 30 Nov 2022
    • Risk
      LOW to MODERATE
      riskometer
      • Regular income for medium term.
      • Investment predominantly in corporate debt securities rated AA+ and above.
    • Benchmark
      NIFTY Corporate Bond Index
    • Exit Load
    • Type of Scheme
      Read more
      An open-ended debt scheme predominantly investing in AA+ and above rated corporate bonds
    • Launch Date
      January 16, 2019
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    Returns

    as onOctober 31, 2022

    6.62%

    * 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 Fund2.49%5.33%N.A.6.62%
    Scheme Benchmark: - NIFTY CORPORATE BOND INDEX B III

    Benchmark

    		3.45%6.91%N.A.7.51%
    Additional Benchmark: - Crisil 10 Yr Gilt Index

    Additional Benchmark

    		-0.98%3.1%N.A.5.34%

    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 10249 11686.8N.A. 12714.3
    Scheme Benchmark: - NIFTY CORPORATE BOND INDEX B III

    Benchmark

    		 10345 12221.39N.A. 13118.72
    Additional Benchmark: - Crisil 10 Yr Gilt Index

    Additional Benchmark

    		 9902 10960.82N.A. 12153.7
    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
    Expense Ratio** (As on 2022-10-31): 0.78
    Modified Duration: 2.34
    Average Maturity: 3.01 years
    Yield To Maturity: 7.43

    **Expense ratio exclusive of Service Tax on Management Fees

    **All expense ratios are inclusive of GST on Management Fees

    Portfolio Holdings

    As on  30/11/2022
    Stock Name (%) Of Total AUM
    GOVERNMENT OF INDIA 16.04
    AIR INDIA ASSETS HOLDING LIMITED 5.36
    SIDBI LIMITED 5.02
    NATIONAL BK FOR AGRI & RURAL DEVPT 4.54
    HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED 4.09
    STATE GOVERNMENT OF MAHARASHTRA 4.02
    L&T METRO RAIL (HYDERABAD) LIMITED 3.92
    RELIANCE INDUSTRIES LIMITED 3.73
    KOTAK MAHINDRA PRIME LTD 2.84
    STATE BANK OF INDIA 2.72
    view complete portfolio

    Sectoral Breakdown (in %)

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