SBI Savings Fund Direct Growth
Debt
Direct
Money Market
NAV as on 23-12-2024
₹ 42.65
Inception Returns
7.5%
/yr
About SBI Savings Fund Direct Growth
SBI Savings Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by R. Arun, Rajeev Radhakrishnan. This fund is suitable to keep your money safe.
Key Parameters
- SBI Savings Fund Direct Growth has ₹26582 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- The fund has an expense ratio 0.3.
Returns
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 7.79%, 6.66% and 6.02% respectively.
Holdings
SBI Savings Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Corporate, Government. Its top holdings are Axis Bank Limited, Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited), JSW Infrastructure Ltd., Bank Of Baroda, Bharti Telecom Limited
Taxation
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.
Investment objective of SBI Savings Fund Direct Growth
To provide the investors an opportunity to invest in money market instruments.
Minimum Investment and lockin period
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.
Historical NAV & Returns
SBI Savings Fund Direct Growth Overview
| Expense ratio | 0.25% |
Benchmark | CRISIL Liquid Fund TR INR |
| AUM | ₹26582 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 216.04% |
| STCG | Selling mutual fund within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
| Risk |   Moderate Risk |
Trailing Returns
as on (23-Dec-24)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 28.3K Cr as of Nov'24
- AUM decreased by 182.4 Cr between Nov'24 and Oct'24
Top Sector in November was Government
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Axis Bank Limited | 4.64% | 0% | |
Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited) | 4.36% | 0% | |
JSW Infrastructure Ltd. | 3.69% | 100% | |
Bank Of Baroda | 3.63% | 0% | |
Bharti Telecom Limited | 3.54% | 100% |
Mutual Fund Insights
SBI Savings Fund Direct Growth Highlights
Moderate Risk
About the fund
AUM size ₹26582 Cr
Expense Ratio 0.25%
Frequently Asked Questions for SBI Savings Fund Direct Growth
SBI Savings Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.57% | 0.57% |
6 Month Returns | 3.71% | 3.71% |
1 Year Returns | 7.79% | 7.79% |
3 Years Returns | 21.33% | 6.66% |
5 Years Returns | 33.98% | 6.02% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
AAA | 100 |