SBI Short Term Debt Fund Retail Plan Growth
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|Fund Type||Short Duration|
More about this fund
|6.18% Govt Stock 2024||5.54%|
|7.32% Govt Stock 2024||5.38%|
|5.22% GOI 2025||4.58%|
|182 DTB 01072021||3.6%|
|GOI Floating Rate Bond 2024||3.38%|
|8.35% Govt Stock 2022||3.02%|
|8.40% Govt Stock 2024||2.87%|
|LIC Housing Finance Limited||2.85%|
About SBI Savings Fund
The Scheme is an open-ended debt scheme investing in money market instruments. The investment strategy is towards generating stable returns through a portfolio of Money Market instruments seeking to capture the term and credit spreads.
Pros & Cons of SBI Savings Fund
SBI Savings Fund offers following features: 1. The Scheme has provided annualized return of 7.47% since inception for Growth option. 2. The Scheme is an ultra-short term debt fund which offers instant redemption and thus act as an alternative to short term bank deposits. 3. The scheme is ranked four in Money Market Fund category by Crisil.
Fund Information and Statistics of SBI Savings Fund
i) Inception / Launch date
The Scheme was launched by SBI Mutual Fund on 19 July 2004 and is benchmarked against Nifty Money Market Index.
ii) Risk level
Being a debt fund, the Scheme is moderately low risk proposition and suitable for investors looking for short term regular income through investment in money market instruments.
The fund house provides redemption/switch facility to investors on an on-going basis on every business day at applicable NAV subject to applicable exit load charge.
iv) Fund Manager
Mr. R. Arun is the current fund manager of the Scheme who is managing the scheme since April 2012. He has total experience of 12 years in financial market space.
v) Entry / Exit load
0.10% exit load is charged by the fund house if the units are redeemed within 3 business days from the date of allotment. No exit load is charged if redeemed after 3 business days from date of allotment. No entry load is charged by the fund house for subscriptions.
Tax benefits of investing in SBI Savings Fund
Long term capital gains are taxed at the rate of 20% plus surcharge after indexation (if held for 36 months or more). Short term gains are added to income and subject to short term capital gain tax as per income tax slab under the Act plus surcharge. Dividend Distribution Tax is deducted at source by the fund house.
About SBI Mutual Fund
SBI Mutual Fund is India’s largest bank sponsored mutual fund and the fund has launched 38 schemes and successfully redeemed fifteen of them. Today, the fund house manages over Rs. 42,100 crores of corpus across 38 active schemes. As a joint venture between SBI and Amundi, the fund house some of the top fund managers of the country managing the mutual funds’ department.
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All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns