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SBI Floating Rate Debt Fund

Fund Managers
  • Mr. Rajeev Radhakrishnan

    Managing this fund since Oct 2020.

    Total experience 17 years .

  • Mr. Ardhendu Bhattacharya

    Managing this fund since Jun 2021.

    Total experience 11 years .

    • Category
      DEBT
    • AUM ():
      2011.43 Cr as on 30 Nov 2022
    • Risk
      LOW to MODERATE
      riskometer
      • To generate reasonable returns
      • To invest in a portfolio of floating rate instruments (including fixed rate instruments converted for floating rate exposures using swaps / derivatives)
    • Benchmark
      N.A.
    • Exit Load
      Read more
    • Type of Scheme
      Read more
    • Launch Date
      October 06, 2020
    Returns

    as onOctober 31, 2022

    4.06%

    * for Regular Growth

    Min Lumpsum ()

    5000 & in multiples of 1

    Min Additional Lumpsum ()

    1000 & in multiples of 1

    Investment Objective

    The investment objective of the scheme is 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. However, there is no guarantee or assurance that the scheme?s objective will be achieved.The scheme does not guarantee or assure any returns.

    Investment Strategy

    The scheme proposes to invest substantially in floating interest rate securities, fixed interest rate securities swapped for floating rate returns. The scheme may also invest a part of the  portfolio in fixed rate debt securities and money market instruments. The aim of the investment strategy will be to allocate the assets of the scheme between various fixed interest rate securities and floating interest rate securities and use derivatives like swaps and FRAs effectively with the objective of achieving stable returns in the short as well as long term.
    Investment decision will be primarily guided by fundamental research and analysis. The fund manager will manage the portfolio based on the outlook on interest rates and liquidity etc. Such outlook will be developed by in-house assessment of various macro factors like economic growth, inflation, credit pick-up, liquidity and other such factors as considered relevant. The Scheme may also invest in the securities viz. units of REITs and InvITs subject to necessary stipulations by SEBI from time to time. 

    Compounded Annualized Growth Rate Performance

    Last 1 Year Last 3 Year Last 5 Year Since Inception(06/10/2020)
    SBI Floating Rate Debt Fund3.36%N.A.N.A.4.06%
    Scheme Benchmark: - NIFTY SHORT DURATION DEBT INDEX
    3%N.A.N.A.3.91%
    Additional Benchmark: - Crisil 1 Yr T-Bill Index
    3.4%N.A.N.A.3.46%

    Current Value of Standard Investment of Rs 10,000

    Last 1 Year Last 3 Year Last 5 Year Since Inception(06/10/2020)
    SBI Floating Rate Debt Fund 10336N.A.N.A. 10833.7
    Scheme Benchmark: - NIFTY SHORT DURATION DEBT INDEX
    10300N.A.N.A. 10802.42
    Additional Benchmark: - Crisil 1 Yr T-Bill Index
    10340N.A.N.A. 10707.93
    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): 0.46
    Modified Duration: 1.22
    Average Maturity: 1.61 years
    Yield To Maturity: 7.18

    **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 19.60
    SUMMIT DIGITEL INFRASTRUCTURE LIMITED 8.51
    HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED 6.38
    LIC HOUSING FINANCE LTD 6.17
    STATE GOVERNMENT OF RAJASTHAN 6.12
    TATA CAPITAL HOUSING FINANCE LIMITED 5.86
    EXPORT-IMPORT BANK OF INDIA 5.04
    EMBASSY OFFICE PARKS REIT 4.95
    FULLERTON INDIA CREDIT COMPANY LTD 4.68
    POWER FINANCE CORPORATION LTD 3.98

    Sectoral Breakdown (in %)

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