SBI Savings Fund Direct Growth is a Debt Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. R Arun is the Current Fund Manager of SBI Savings Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹10,368 Cr and the Latest NAV as of 06 Dec 2019 is ₹31.75.
The SBI Savings Fund Direct Growth is rated Moderately Low risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 500. Exit load of 0.10% if redeemed within 3 days.
The Objective of the Scheme is to provide investors an opportunity to earn returns that would be higher than the returns offered by comparable investments in debt and money market securities. The MIF FRP STP and MIF FRP LTP Plans endeavors to mitigate interest rate risk and seek to generate regular returns.
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
Exit load of 0.10% if redeemed within 3 days