DEBT•FLOATER FUND
SBI Floating Rate Debt Fund
3 Year return
7.84%
NAV on August 17, 2026
14.4731
1D Returns
0%
Launched on October 2020(6 years)
Investment Details
₹500
Minimum SIP Amount
₹5000
Minimum one time investment
Fund has no lock-in period
Calculate Returns
Based on past performance of this fund
₹
Your Investment₹3,600
Gain
13.06%₹470
Total Value ₹4,070
Risk Involved
Your principal will be at
Very High Risk
Scheme Information
Asset Under Management
₹685.02 Cr.
Expense Ratio
0.27% (inclusive of GST)
Exit Load
For Exit within 3 days from the date of allotment: 0.10%, For Exit on or after 3 days from the date of allotment: Nil
Ratings
0
Ratings by other agencies
Value Research
0
Crisil
0
Morning Star
0
Tax Implications
Tax on gains as per your income tax bracket
SBI Mutual Fund Manager
AB
Ardhendu Bhattacharya
Fund Manager since Dec 2023
PK
Pradeep Kesavan
Fund Manager since Apr 2024
RR
Rajeev Radhakrishnan
Fund Manager since Dec 2023
Fund House Details
SBI Mutual Fund
Asset management company
AUM
₹12,81,380.68 Cr.
No. of Schemes
276
Setup Date
June 1987
Peer Comparison
Comparison with other similar funds
| Funds | 3 Y Returns | ARQ Rating |
|---|---|---|
| Axis Floater Fund | 8.6302% | 0 |
| Franklin India Floating Rate Fund | 8.2402% | 1.5 |
| ICICI Prudential Floating Interest Fund | 8.1041% | 4 |
Schemes by SBI Mutual Fund
List of mutual fund schemes by AMC
Funds
3 Years Returns
The SBI Floating Rate Debt Fund Direct Plan Growth is a debt fund managed by SBI Mutual Fund. It is a direct plan, which means that there are no brokerage fees involved when you invest in the fund.
The fund invests in a portfolio of floating rate bonds. Floating rate bonds are debt securities whose interest rate changes with the prevailing market interest rates. This makes the fund's returns more stable than those of funds that invest in fixed-income securities.
The fund aims to generate returns that are higher than the returns offered by bank deposits.
Investment Objectives of the Scheme
The investment objective of the LIC MF Large Cap Fund Direct Plan Growth is to generate long-term capital appreciation by investing in a diversified portfolio of equity shares of large-cap companies.
The investment objective of the SBI Floating Rate Debt Fund Direct Plan Growth is to generate returns that are higher than the returns offered by bank deposits by investing in a portfolio of floating rate bonds. The fund will invest at least 80% of its assets in floating rate bonds.
Key Features of The Fund
5-year return
6.8255%
Expense Ratio
0.27%
Fund Manager
Ardhendu Bhattacharya
Fund Size
₹685.02 Cr.
Risk Profile
Moderately Low
Is This Scheme Right for Me?
The SBI Floating Rate Debt Fund Direct Plan Growth is a good option for investors who are looking for a relatively stable investment with the potential for higher returns than bank deposits.
However, the fund is not suitable for investors who are looking for high returns or who are not comfortable with the risk of interest rates rising.
AMC Contact Details
| Name | SBI Mutual Fund |
| Launch Date | June 1987 |
| Address | 9th Floor, Crescenzo, C-38 & 39, G Block, Bandra-Kurla Complex, Mumbai, Maharashtra, India - 400 051 |
| Contact | 1800 209 33331800 425 5425 |
| customer.delight@sbimf.com | |
| Website | https://www.sbimf.com/ |
Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.
Planning Tool at You Fingertips Now – SIP Calculator
Estimating and comparing your returns from different mutual funds can happen within under a minute with just 3 steps:
Step 1: Open Angel One's free SIP calculator.
Step 2: Enter your SIP Amount, investment horizon, and expected rate of return.
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FAQs
What is today's NAV of SBI Floating Rate Debt Fund?
NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of SBI Floating Rate Debt Fund on August 17, 2026, is ₹14.4731
What is the AUM of SBI Floating Rate Debt Fund?
Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of SBI Floating Rate Debt Fund, is ₹685.02 crore.
What is the expense ratio of SBI Floating Rate Debt Fund?
The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund's returns. The expense ratio of SBI Floating Rate Debt Fund is 0.27%
What are the returns of SBI Floating Rate Debt Fund since inception?
The SBI Floating Rate Debt Fund was launched on October 06, 2020. The fund has delivered a CAGR of undefined since inception.
What is the minimum SIP amount to invest in SBI Floating Rate Debt Fund?
A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for SBI Floating Rate Debt Fund is ₹500.
How do I invest in SBI Floating Rate Debt Fund?
- Make sure you are logged in to Angel One.
- Select the type of investment: SIP or one-time.
- In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
- Proceed by clicking the pay button and choosing your mode of payment.
- Your portfolio will be updated with this investment in 3-5 working days.
How to start an SIP in SBI Floating Rate Debt Fund?
- Click on the ‘Invest’ button.
- Enter your desired SIP amount and the SIP date.
- You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
- Choose your payment method between UPI and Net Banking.
- Make your payment.
- Your SIP is created.
How do I automate an SIP in SBI Floating Rate Debt Fund?
- Once you create an SIP, click on ‘Set up autopay’
- Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
- Once you verify the OTP, your mandate request will be created.
How can I withdraw/redeem my investment in SBI Floating Rate Debt Fund?
- Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
- Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
- Verify the details on the ‘Confirm withdraw’ screen.
- Select the bank account in which you want to receive the funds.
- You will receive your funds within three working days of placing the order.
- You can track your order in the ‘Orders’ section.
ENTER AMOUNT
₹
₹4,070 in 3Y at 7.8383% returns
SIP Date1st of every month
Your next SIP Payment will be on 18 September 2026
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