How to Invest in SBI Floating Rate Debt Fund Direct Growth?

You can easily invest in SBI Floating Rate Debt Fund Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account Search for SBI Floating Rate Debt Fund Direct Growth from the search box In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete Once you are done with that, you can start investing in SBI Floating Rate Debt Fund Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does SBI Floating Rate Debt Fund Direct Growth provide?

The SBI Floating Rate Debt Fund Direct Growth has been there from 27 Oct 2020 and the average annual returns provided by this fund is 6.67% since its inception.

How much expense ratio is charged by SBI Floating Rate Debt Fund Direct Growth?

The term Expense Ratio used for SBI Floating Rate Debt Fund Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio of SBI Floating Rate Debt Fund Direct Growth is 0.25% as of 18 Jan 2026...

What is the AUM of SBI Floating Rate Debt Fund Direct Growth?

The AUM, short for Assets Under Management of SBI Floating Rate Debt Fund Direct Growth is ₹750.38Cr as of 18 Jan 2026.

How to Redeem SBI Floating Rate Debt Fund Direct Growth?

If you want to sell your SBI Floating Rate Debt Fund Direct Growth holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of SBI Floating Rate Debt Fund Direct Growth?

You can select either SIP or Lumpsum investment of SBI Floating Rate Debt Fund Direct Growth based on your investment objective and risk tolerance.

What is the NAV of SBI Floating Rate Debt Fund Direct Growth?

The NAV of SBI Floating Rate Debt Fund Direct Growth is ₹13.77 as of 16 Jan 2026.

What is the PE and PB ratio of SBI Floating Rate Debt Fund Direct Growth?

The PE ratio ratio of SBI Floating Rate Debt Fund Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

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Blog

SBI Floating Rate Debt Fund Direct Growth

Name: SBI Floating Rate Debt Fund Direct Growth
Brand: SBI Mutual Fund

Debt

Floater

Moderate Risk

+7.61%

3Y annualised

-0.08% 1D

All

NAV: 16 Jan '26

₹13.77

Min. SIP amount

₹500

Fund size

₹750.38 Cr

Expense ratio

0.25%

Return calculator

Monthly SIP

One time

Monthly investment

₹5,000

Over the past	Total investment	Would've become	Returns
1 year	₹60,000	₹61,850	+3.08%
3 years	₹1,80,000	₹2,01,336	+11.85%
5 years	₹3,00,000	₹3,58,033	+19.34%

Holdings (13)

Name	Sector	Instruments	Assets
GOI	Sovereign	GOI Sec	24.58%
GOI	Sovereign	GOI Sec	23.04%
HDFC Bank Ltd.	Financial	CD	9.22%
Gujarat State	Construction	SDL	6.81%
Citi Corp Finance Ltd	Financial	Debenture	6.66%
Tamilnadu State	Others	SDL	5.97%
Fullerton India Home Finance Ltd.	Financial	Debenture	5.35%
Aditya Birla Housing Finance Ltd.	Financial	NCD	4.00%
Maharashtra State	Others	SDL	3.40%
Canara Bank	Financial	CD	3.29%
GOI	Sovereign	GOI Sec	2.71%
Standard Chartered Bank	Financial	IRS	-19.99%
BNP Paribas	Financial	IRS	-35.98%

See All

Minimum investments

Min. for 1st investment

₹5,000

Min. for 2nd investment

₹1,000

Min. for SIP

₹500

Returns and rankings

Annualised returns

Absolute returns

Name	1Y	3Y	5Y	All
Fund returns	+6.7%	+7.6%	+6.2%	+6.3%
Category average (Debt Floater)	+7.7%	+7.7%	+6.2%	--
Rank (Debt Floater)	12	11	7	--

Exit load, stamp duty and tax

Exit load

Exit load of 0.10%, if redeemed within 3 days.

Stamp duty on investment: 0.005% (from July 1st, 2020)

from July 1st 2020

Tax implication

Returns are taxed as per your Income Tax slab.

Check past data

Compare similar funds

	Name	1Y	3Y	Fund Size(Cr)
	Franklin India Floating Rate Fund Direct Growth	+8.22%	+8.46%	304.96
	ICICI Prudential Floating Interest Fund Direct Plan Growth	+8.02%	+8.42%	7,282.30
	Kotak Floating Rate Fund Direct Growth	+8.30%	+8.22%	3,368.00
	HDFC Floating Rate Debt Fund Direct Plan Growth	+7.72%	+8.06%	16,223.66
	Aditya Birla Sun Life Floating Rate Direct Fund Growth	+7.55%	+7.80%	13,415.81
Compare

Fund management

RR
Rajeev Radhakrishnan
Oct 2020 - Present
View details

Education

Mr. Radhakrishnan is B.E (Production), MMS (Finance) and CFA.

Experience

Prior to joining SBI AMC he has worked with UTI Asset Management Company Ltd.

Also manages these schemes

SBI Balanced Advantage Fund Direct Growth

SBI Corporate Bond Fund Direct Growth

SBI Savings Fund Direct Growth

SBI Liquid Fund Direct Plan Growth

SBI Equity Hybrid Fund Direct Plan Growth

SBI Floating Rate Debt Fund Direct Growth

AB
Ardhendu Bhattacharya
Jun 2021 - Present
View details

Education

Mr. Bhattacharya is a MBA (Marketing) and Bachelor of Engineering.

Experience

Prior to joining SBI Mutual Fund, he has worked with ICICI Bank and Citibank.

Also manages these schemes

SBI Retirement Benefit Fund Aggressive Plan Direct Growth

SBI Dynamic Asset Allocation Active FoF Direct Growth

SBI Retirement Benefit Fund Aggressive Hybrid Plan Direct Growth

SBI Corporate Bond Fund Direct Growth

SBI Retirement Benefit Fund Conservative Hybrid Plan Direct Growth

SBI Banking and PSU Fund Direct Growth

SBI Retirement Benefit Fund Conservative Plan Direct Growth

SBI Long Duration Fund Direct Growth

SBI Income Plus Arbitrage Active FoF Direct Growth

SBI Floating Rate Debt Fund Direct Growth

SBI Arbitrage Opportunities Fund Direct Growth

PK
Pradeep Kesavan
Dec 2023 - Present
View details

Education

Mr. Kesavan has done B.Com, MBA (Finance) and CFA

Experience

Prior to joining SBI MF, he has worked with Elara Capital, Accenture Strategy, Morgan Stanley and 3i Infotech

Also manages these schemes

SBI Corporate Bond Fund Direct Growth

SBI Banking and PSU Fund Direct Growth

SBI Multicap Fund Direct Growth

SBI Focused Fund Direct Plan Growth

SBI Equity Hybrid Fund Direct Plan Growth

SBI Banking & Financial Services Fund Direct Growth

SBI Floating Rate Debt Fund Direct Growth

SBI Balanced Advantage Fund Direct Growth

SBI Energy Opportunities Fund Direct Growth

SBI Automotive Opportunities Fund Direct Growth

SBI Credit Risk Fund Direct Growth

SBI Long Duration Fund Direct Growth

SBI Dynamic Bond Direct Plan Growth

SBI Healthcare Opportunities Fund Direct Plan Growth

SBI Gold Direct Plan Growth

SBI Quant Fund Direct Growth

SBI Children's Fund Investment Plan Direct Growth

SBI Equity Savings Fund Direct Growth

SBI Consumption Opportunities Fund Direct Growth

SBI Large Cap Direct Plan Growth

SBI Technology Opportunities Fund Direct Growth

SBI Equity Minimum Variance Fund Direct Growth

SBI Arbitrage Opportunities Fund Direct Growth

SBI Retirement Benefit Fund Aggressive Plan Direct Growth

SBI Mid Cap Direct Plan Growth

SBI Retirement Benefit Fund Aggressive Hybrid Plan Direct Growth

SBI Medium to Long Duration Fund Direct Growth

SBI Contra Direct Plan Growth

SBI Children's Fund Savings Plan Direct Growth

SBI Flexicap Fund Direct Growth

SBI Multi Asset Allocation Fund Direct Growth

SBI Large & Midcap Fund Direct Plan Growth

SBI Comma Fund Direct Growth

SBI Medium Duration Fund Direct Growth

SBI Retirement Benefit Fund Conservative Hybrid Plan Direct Growth

SBI ESG Exclusionary Strategy Fund Direct Plan Growth

SBI Nifty Index Direct Plan Growth

SBI Ultra Short Duration Fund Direct Growth

SBI MNC Direct Plan Growth

SBI Retirement Benefit Fund Conservative Plan Direct Growth

SBI Low Duration Fund Direct Growth

SBI Short Term Debt Fund Direct Growth

SBI Infrastructure Fund Direct Growth

SBI Savings Fund Direct Growth

SBI Small Cap Fund Direct Growth

About SBI Floating Rate Debt Fund Direct Growth

SBI Floating Rate Debt Fund Direct Growth is a Debt Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was made available to investors on 29 Jun 1987. Rajeev Radhakrishnan is the Current Fund Manager of SBI Floating Rate Debt Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹12,56,070 Cr and the Latest NAV as of 16 Jan 2026 is ₹13.77. The SBI Floating Rate Debt Fund Direct Growth is rated Moderate risk. Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹5,000. Exit load of 0.10%, if redeemed within 3 days. ;

Investment Objective

The scheme seeks to generate regular income through investment in a portfolio comprising substantially of floating rate debt instruments. The scheme may invest a portion of its net assets in fixed rate debt securities swapped for floating rate returns and money market instruments.

Fund benchmarkNIFTY Short Duration Debt Index A-II

Scheme Information Document(SID)