|Min SIP Amount||Not Supported|
|NAV||₹10.20 (14 Jan 2021)|
|Fund Started||27 Oct 2020|
|Fund Size||₹69 Cr|
|Punjab National Bank||Financial||Debenture||8.5%|
|State Bank of India||Financial||NCD||7.7%|
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 27 Oct 2020. 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 ₹69 Cr and the Latest NAV as of 14 Jan 2021 is ₹10.20.
The SBI Floating Rate Debt Fund Direct Growth is rated Moderate risk. Exit load of 0.10%, if redeemed within 3 days.
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.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.