Debt
Direct
Money Market
NAV as on 06-09-2024
₹ 41.76
Inception Returns
7.5%
/yr
SBI Savings Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by R. Arun, Mohit Jain. This fund is suitable to keep your money safe.
SBI Savings Fund Direct Growth has given a CAGR return of 7.54% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.64%, 6.27% and 6.00% respectively.
SBI Savings Fund Direct Growth has allocated its funds majorly in Corporate, Cash Equivalent, Government. Its top holdings are Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited), Canara Bank, Union Bank Of India, Punjab National Bank, Bank Of India
As it is a money market mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:For short term (less than 3 years) capital gains will be taxed at your income slab rate.For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.Dividends will always be taxed at slab rate.
To provide the investors an opportunity to invest in money market instruments.
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. SBI Savings Fund Direct Growth has no lock in period.
Expense ratio | 0.25% |
Benchmark | CRISIL Liquid Fund TR INR |
AUM | ₹28686 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹500/₹500 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 216.04% |
STCG | Selling within 36 months, gains taxed at slab rates. |
LTCG | Holding over 3 years, gains taxed at 12.5% without indexation. |
Risk | Moderate Risk |
as on (06-Sep-24)
as on (31-Dec-69)
Top 2 Sectors in July were Corporate, Government
SBI Savings Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.59% | 0.59% |
6 Month Returns | 3.87% | 3.87% |
1 Year Returns | 7.64% | 7.64% |
3 Years Returns | 20.01% | 6.27% |
5 Years Returns | 33.85% | 6% |
AAA | 100 |