3 Year return

6.51%
Launched on January 2013 (11 years)

Investment Details

₹500

Minimum SIP Amount

₹500

Minimum one time investment

Fund has no lock-in period

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Risk Involved

Moderate Risk

Your principal will be at

Moderate Risk

Scheme Information

Asset Under Management

₹25006.2 Cr.

Expense Ratio

0.25% (inclusive of GST)

Exit Load

Nil

Ratings

ARQ Rating
3

Ratings by other agencies

3
2
4

Tax Implications

Tax on gains as per your income tax bracket

Fund Holdings

Holdings

SBI Mutual Fund Managers

RA

R Arun

Fund Manager since May 2018

View Details

Fund House Details

SBI Mutual Fund

SBI Mutual Fund Asset management company

AUM ₹1,100,886.17 Cr.
No. of Schemes 284
Setup Date June 1987

Peer Comparison

Comparison with other similar funds

Schemes by SBI Mutual Fund

List of mutual fund schemes by AMC

About SBI Savings Fund Direct Plan IDCW Reinvestment

SBI Savings Fund Direct Plan IDCW Reinvestment, managed by SBI Mutual Funds, falls under the money market funds category and aims to provide investors with a debt-heavy investment approach. This direct plan offers the IDCW Reinvestment feature, whereby declared dividends are automatically reinvested, enhancing compounding potential. The fund has a slightly higher expense ratio than the average in its category.

Investment Objective of the Scheme

The scheme's key objective is to provide investors with a short-term debt-oriented investment option that offers potential capital appreciation. SBI Savings Fund Direct Plan IDCW Reinvestment achieves this by investing primarily in a mix of certificates of deposit, and commercial papers among others. The focus of the fund is to balance risk and rewards while aiming for stable returns.

Key Features of The Fund

5-year return 6.02%
Expense Ratio 0.25%
Fund Manager R Arun
Fund Size ₹25006.2 Cr
Risk Profile Moderate

Is This Scheme Suitable for Me?

For investors seeking an investment strategy that focuses on low-risk debt investments, SBI Savings Fund Direct Plan IDCW Reinvestment could be suitable. This fund can be good for those who aim to maintain a balance between risk and returns. Assess your risk tolerance and financial goals before considering this fund.

AMC Contact Details

Name SBI Mutual Fund
Launch Date June 1987
Addresss 9th Floor, Crescenzo, C-38 & 39, G Block, Bandra-Kurla Complex, Mumbai, Maharashtra, India - 400 051
Contact 1800 209 3333 1800 425 5425
Email 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.

Explore Tax-Saving Investment Advantages With SIPs

You can deduct ₹1.5 lakh from your taxable income by investing in an Equity Linked Savings Scheme (ELSS) through SIP, as allowed by Section 80(C) of the Income Tax Act, 1961. With a SIP in ELSS, individuals whose income is in the highest tax bracket (30%) can save about ₹45,000 annually. Plan tax-efficient investments and estimate possible returns utilising systematic investment plan calculator.

FAQs

What is today's NAV of SBI Savings Fund Direct Plan IDCW Reinvestment?

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 Savings Fund Direct Plan IDCW Reinvestment Oct 31 2024 is 16.7413

What is the AUM of SBI Savings Fund Direct Plan IDCW Reinvestment?

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 Savings Fund Direct Plan IDCW Reinvestment is 25006.2 crore.

What is the expense ratio of SBI Savings Fund Direct Plan IDCW Reinvestment?

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 Savings Fund Direct Plan IDCW Reinvestment is 0.25%

What are the returns of SBI Savings Fund Direct Plan IDCW Reinvestment since inception?

The SBI Savings Fund Direct Plan IDCW Reinvestment was launched on Jan 01 2013. The fund has delivered a CAGR of 4.85 since inception.

What is the minimum SIP amount to invest in SBI Savings Fund Direct Plan IDCW Reinvestment?

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 Savings Fund Direct Plan IDCW Reinvestment is 500.

How do I invest in SBI Savings Fund Direct Plan IDCW Reinvestment?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. 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.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in SBI Savings Fund Direct Plan IDCW Reinvestment?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in SBI Savings Fund Direct Plan IDCW Reinvestment?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in SBI Savings Fund Direct Plan IDCW Reinvestment?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.