SBI Credit Risk Fund Direct Plan Growth

About SBI Credit Risk Fund - Direct Plan - Growth

This open-ended debt scheme predominantly invests in corporate bonds rated AA and below. This is to maintain moderate liquidity while generating high returns. The fund aims to generate regular income over a medium term. It follows an active credit management strategy.

Pros and Cons of SBI Credit Risk Fund - Direct Plan - Growth

The risk-adjusted returns for the fund is higher than the category. The one-year, three-year, and five-year returns have been higher than the category average returns. You can avoid exit load if you redeem/switch out the fund units within 36 months from the date of allotment, which is longer than the other funds.

Fund Information and Statistics

i) Inception/Launch Date

The fund scheme was rolled out on 17 July 2014.

ii) Risk Level

The fund comes with a moderate risk profile since it invests in corporate data securities rated AA and below.

iii) Redemption

Though there is no lock-in period for the invested amount, an exit load may be charged. Therefore, you must evaluate the returns based on the exit load applicable and the time of redemption.

iv) Fund Manager

Mr Lokesh Mallya and Ms Mansi Sajeja are the current Fund Managers for the fund.

v) Entry/Exit Load

No entry load is applicable when you purchase mutual fund units. However, an exit load of 3% will be charged if you redeem/switch out fund units in excess of 8% of the initial investment within 12 months from the date of allotment. In the case of redemption/switch out after 12 months and before 24 months in excess of 8% of the initial investment, an exit load of 1.5% will be charged. For a redemption/switch out of fund units in excess of 8% after 24 months and within 36 months, an exit load of 0.75% will be charged. For redemption/switch out after completing 36 months, no exit load is applicable.

About SBI Mutual Fund

SBI Mutual Fund was established on 29 June 1987. The trustee for the fund house is SBI Mutual Fund Trustee Company Private Limited, while the sponsor for the fund house is State Bank of India. The average assets under management for the fund house is Rs.4,21,362.45 crore as of 30 September 2020.