SBI Corporate Bond Fund Direct Growth is a Debt Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was introduced to investors on 21 Jan 2019. Mohit Jain is the Current Fund Manager of SBI Corporate Bond Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹11,789 Cr and the Latest NAV as of 03 Apr 2020 is ₹11.27.
The SBI Corporate Bond Fund Direct Growth is rated Moderate risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 5000. For units in excess of 4% of the investment,1% will be charged for redemption within 6 months..
The scheme seeks to provide the investors an opportunity to predominantly invest in corporate bonds rated AA+ and above to generate additional spread on part of their debt investments from high quality corporate debt securities while maintaining moderate liquidity in the portfolio through investment in money market securities.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
Scheme Information Document(SID)
Min for First Investment
Min for Second Investment
For units in excess of 4% of the investment,1% will be charged for redemption within 6 months.