SBI Savings Fund Direct-Growth
(Scheme Rating)
NAV as of Dec 26, 2024
42.670.03%
- Growth - Direct
(Earn upto 0.51% Extra Returns with Direct Plan)
Fund Category:
Debt: Money Market
Expense Ratio:
0.25%(0.20% Category
average)Fund Size:
Rs. 28,254.15 Cr(11.18% of Investment in Category)
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SBI Savings Fund Direct-Growth
(Scheme Rating)
NAV as of Dec 26, 2024
42.670.03%
Expense Ratio:
0.25%
Fund Size:
Rs. 28,254.15 Cr
Fund Category:
Debt: Money Market
SBI Savings Fund Direct-Growth Fund Key Highlights
1. Current NAV: The Current Net Asset Value of the SBI Savings Fund - Direct Plan as of Dec 26, 2024 is Rs 42.67 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 7.79% (1yr), 6.65% (3yr), 6.02% (5yr) and 7.53% (since launch). Whereas, Category returns for the same time duration are: 7.3848098511% (1yr), 6.267831361640245% (3yr) and 5.674083401739075% (5yr).
3. Fund Size: The SBI Savings Fund - Direct Plan currently holds Assets under Management worth of Rs 28254.1455 crore as on Sep 30, 2024.
4. Expense ratio: The expense ratio of the fund is 0.25% for Direct plan as on Nov 30, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 500 and minimum additional investment is Rs 500. Minimum SIP investment is Rs 500.
1. Current NAV: The Current Net Asset Value of the SBI Savings Fund - Direct Plan as of Dec 26, 2024 is Rs 42.67 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 7.79% (1yr), 6.65% (3yr), 6.02% (5yr) and 7.53% (since launch). Whereas, Category returns for the same time duration are: 7.3848098511% (1yr), 6.267831361640245% (3yr) and 5.674083401739075% (5yr).
3. Fund Size: The SBI Savings Fund - Direct Plan currently holds Assets under Management worth of Rs 28254.1455 crore as on Sep 30, 2024.
4. Expense ratio: The expense ratio of the fund is 0.25% for Direct plan as on Nov 30, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 500 and minimum additional investment is Rs 500. Minimum SIP investment is Rs 500.
SBI Savings Fund Direct-Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.53 1.78 3.69 7.75 6.66 6.02 Category Avg 0.50 1.71 3.52 7.35 6.27 5.68 Rank within Category 12 16 13 12 9 8 No. of funds within Category 23 23 23 23 20 16 - Loading...
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Return Comparison
- This Fund
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SBI Savings Fund Direct-Growth Fund Details
Investment Objective - The scheme seeks to provide the investors an opportunity to invest in money market instruments.
| Fund House | SBI Mutual Fund |
| Launch Date | Jan 01, 2013 |
| Benchmark | CRISIL Money Market B-I Index |
| Return Since Launch | 7.53% |
| Riskometer | Moderate |
| Type | Open-ended |
| Risk Grade | - |
| Return Grade | Average |
SBI Savings Fund Direct-Growth Investment Details
| Minimum Investment (Rs.) | 500.00 |
| Minimum Additional Investment (Rs.) | 500.00 |
| Minimum SIP Investment (Rs.) | 500.00 |
| Minimum Withdrawal (Rs.) | 500.00 |
| Exit Load | 0% |
Portfolio Allocation
Portfolio Aggregates
| Fund | 1Y High | 1Y Low | Category | |
|---|---|---|---|---|
| Modified Duration(Yrs) | 0.44 | 0.9564 | 0.011 | 0.4559 |
| Average Maturity(Yrs) | 0.47 | 0.9572 | 0.011 | 0.4714 |
| Yield to Maturity(%) | 7.42 | 7.93 | 6.3 | 7.441 |
| Avg Credit Rating | Low | - | - | - |
Style Box
CREDIT RATING
INTEREST RATE SENSITIVITY
HighMediumLow
HighMediumLow
Investment / Portfolio Grades
| Security Type | Weight(%) | Category Avg(%) |
|---|---|---|
| Government Backed | 14.86 | 12.87 |
| Low Risk | 85.02 | 79.16 |
| Moderate Risk | - | - |
| High Risk | - | - |
| Very High Risk | - | - |
| Others | 0.12 | 7.97 |
Type of Holdings
| Security Type | Weight(%) | Category Avg(%) |
|---|---|---|
| GOI | 1.40 | 0.43 |
| CD | 62.88 | 57.05 |
| T-Bills | 2.28 | 9.65 |
| CP | 23.76 | 27.91 |
| NCD & Bonds | - | - |
| PTC | - | - |
| Cash & Others | 9.68 | 4.95 |
Debt Holding In Portfolio
| Instrument | Type | Sector | Rating | Value(Mn) | Total Holding(%) | Quantity |
|---|---|---|---|---|---|---|
| Axis Bank Ltd | Certificate of Deposit | Financial | A1+ | 12,145.24 | 4.86 | - |
| Kotak Mahindra Bank Ltd | Certificate of Deposit | Financial | A1+ | 11,408.50 | 4.56 | - |
| Canara Bank | Certificate of Deposit | Financial | A1+ | 11,134.39 | 4.45 | - |
| Union Bank of India | Certificate of Deposit | Financial | A1+ | 9,187.29 | 3.67 | - |
| Bank of India | Certificate of Deposit | Financial | A1+ | 8,228.27 | 3.29 | 17,000 |
| 7.38% Madhya Pradesh State 15/03/2025 | State Development Loan | Others | SOV | 7,875.87 | 3.15 | 7,85,00,000 |
| HDFC Bank Ltd | Certificate of Deposit | Financial | A1+ | 7,747.10 | 3.10 | - |
| ICICI Bank Ltd | Certificate of Deposit | Financial | A1+ | 7,108.65 | 2.84 | - |
| Panatone Finvest Ltd | Commercial Paper | Financial | A1+ | 5,864.23 | 2.35 | 12,000 |
| National Bank For Agriculture & Rural Development | Certificate of Deposit | Financial | A1+ | 5,872.29 | 2.35 | - |
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y SBI Savings Fund Direct-Growth 42.67 28,254.15 0.53 7.75 6.66 6.02 Aditya Birla Sun Life Money Manager Fund Direct-Growth 359.72 25,834.44 0.53 7.85 6.77 6.20 Tata Money Market Fund Direct-Growth 4,612.60 27,482.52 0.54 7.95 6.86 6.25 Axis Money Market Fund Direct-Growth 1,385.24 17,436.29 0.53 7.87 6.75 6.10 ICICI Prudential Money Market Direct-Growth 368.53 28,736.27 0.53 7.78 6.67 6.03
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
Low Volatality
0.51VS0.52Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
Low Volatality
1.13VS1.14Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Better risk-adjusted returns
1.02VS0.87Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Better risk-adjusted returns
0.46VS0.40Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Better risk-adjusted returns
2.89VS2.82Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Better average monthly returns
6.41VS6.33Fund Vs Category Avg
Risk Ratio Chart
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- Risk Ratio
- Category Average
Size of Bubbles represents the Fund Size
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Fund Manager
- R.R.Rajeev RadhakrishnanSince Dec 202312 schemes
- R.A.R ArunSince Jan 20135 schemes
Mr. Radhakrishnan is B.E (Production), MMS (Finance) and CFA. Prior to joining SBI AMC he has worked with UTI Asset Management Company Ltd.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y SBI Magnum Gilt Fund Direct-Growth Gilt 66.88 10,979.09 9.23 SBI Magnum Children's Benefit Fund - Investment Plan Direct - Growth Aggressive Hybrid 45.37 2,961.88 42.03 SBI Magnum Low Duration Fund Direct Plan-Growth Low Duration 3,483.30 12,461.25 7.83 SBI Magnum Children's Benefit Fund - Savings Plan Direct Conservative Hybrid 116.63 122.53 17.55 SBI Balanced Advantage Fund Direct - Growth Dynamic Asset Allocation 15.16 33,186.83 15.72 SBI Dynamic Bond Direct Plan-Growth Dynamic Bond 37.29 3,309.33 9.44 SBI Liquid Fund Direct Plan-Growth Liquid 3,978.65 64,117.02 7.37 SBI Floating Rate Debt Fund Direct - Growth Floater 12.85 1,189.45 8.37 SBI Corporate Bond Fund Direct - Growth Corporate Bond 15.21 20,915.57 8.35 SBI Banking and PSU Fund Direct-Growth Banking and PSU 3,155.50 3,810.19 8.12 SBI Short Term Debt Fund Direct-Growth Short Duration 32.50 13,354.01 8.21 SBI Equity Hybrid Fund Direct Plan-Growth Aggressive Hybrid 305.58 72,428.38 16.88 Mr. Arun is a B.Com (H), PGDM (Finance) and Financial Risk Manager (GARP). Prior joining SBI in 2009 he has worked with ING Investment Management, Deutsche Bank India Operations and CRISIL India.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y SBI Magnum Low Duration Fund Direct Plan-Growth Low Duration 3,483.30 12,461.25 7.83 SBI Arbitrage Opportunities Fund Direct-Growth Arbitrage 34.61 31,422.14 8.18 SBI Liquid Fund Direct Plan-Growth Liquid 3,978.65 64,117.02 7.37 SBI Magnum Ultra Short Duration Fund Direct-Growth Ultra Short Duration 5,845.41 12,426.01 7.63 SBI Overnight Fund Direct-Growth Overnight 4,085.10 20,131.57 6.69
More SBI Mutual Fund
| Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| SBI Equity Hybrid Fund Direct Plan-Growth | 72,428.38 | 1.37 | -4.23 | 3.24 | 17.05 | 12.26 | |
| SBI Liquid Fund Direct Plan-Growth | 64,117.02 | 0.52 | 1.69 | 3.50 | 7.37 | 6.40 | |
| SBI Bluechip Direct Plan-Growth | 50,502.29 | -0.02 | -7.30 | 2.00 | 15.96 | 14.81 | |
| SBI Contra Direct Plan-Growth | 41,906.90 | 0.62 | -6.57 | 1.41 | 22.72 | 24.63 | |
| SBI Focused Equity Fund Direct Plan-Growth | 34,747.29 | 1.85 | -4.38 | 3.29 | 20.06 | 11.17 | |
| SBI Small Cap Fund Direct-Growth | 33,285.18 | 2.51 | -5.18 | 1.48 | 26.58 | 21.32 | |
| SBI Balanced Advantage Fund Direct - Growth | 33,186.83 | 0.32 | -2.01 | 2.59 | 16.04 | 14.21 | |
| SBI Arbitrage Opportunities Fund Direct-Growth | 31,422.14 | 0.49 | 1.80 | 3.64 | 8.09 | 6.99 | |
| SBI Large & Midcap Fund Direct Plan-Growth | 29,328.76 | 0.21 | -5.93 | 2.84 | 21.36 | 18.97 | |
| SBI Savings Fund Direct-Growth | 28,254.15 | 0.57 | 1.79 | 3.69 | 7.74 | 6.66 |
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About SBI Savings Fund Direct-Growth
1. SBI Savings Fund - Direct Plan is Open-ended Money Market Debt scheme which belongs to SBI Mutual Fund House.
2. The fund was launched on Jan 01, 2013.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to provide the investors an opportunity to invest in money market instruments. "
2. It is benchmarked against CRISIL Money Market B-I Index.
Asset Allocation & Portfolio Composition
1. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
2. The portfolio of the fund has securities with varying levels of maturities. Duration takes into consideration the sensitivity of the average maturity of these securities with respect to the interest rate changes. The Average Maturity of SBI Savings Fund - Direct Plan is 0.47 years and Duration is 0.44 years. Generally, securities with high maturity are more sensitive to interest rate changes. So, an investor with a low risk appetite may look to invest in a fund with low maturity and duration vis-a-vis category levels.
3. All these parameters - average maturity, duration, interest rate changes, credit quality, credit rating, liquidity etc. need to be looked at in conjunction with each other to determine the quality of portfolio of a fund.
Tax Implications on SBI Savings Fund Direct-Growth
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
1. SBI Savings Fund - Direct Plan is Open-ended Money Market Debt scheme which belongs to SBI Mutual Fund House.
2. The fund was launched on Jan 01, 2013.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to provide the investors an opportunity to invest in money market instruments. "
2. It is benchmarked against CRISIL Money Market B-I Index.
Asset Allocation & Portfolio Composition
1. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
2. The portfolio of the fund has securities with varying levels of maturities. Duration takes into consideration the sensitivity of the average maturity of these securities with respect to the interest rate changes. The Average Maturity of SBI Savings Fund - Direct Plan is 0.47 years and Duration is 0.44 years. Generally, securities with high maturity are more sensitive to interest rate changes. So, an investor with a low risk appetite may look to invest in a fund with low maturity and duration vis-a-vis category levels.
3. All these parameters - average maturity, duration, interest rate changes, credit quality, credit rating, liquidity etc. need to be looked at in conjunction with each other to determine the quality of portfolio of a fund.
Tax Implications on SBI Savings Fund Direct-Growth
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
This Might Catch Your Interest
FAQs about SBI Savings Fund Direct-Growth
- Is it safe to invest in SBI Savings Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the SBI Savings Fund - Direct Plan comes under Moderate risk category.
- What is the category of SBI Savings Fund - Direct Plan?SBI Savings Fund - Direct Plan belongs to the Debt : Money Market category of funds.
- How Long should I Invest in SBI Savings Fund - Direct Plan?The suggested investment horizon of investing into SBI Savings Fund - Direct Plan is <1 year. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the SBI Savings Fund - Direct Plan?The SBI Savings Fund - Direct Plan is managed by Rajeev Radhakrishnan (Since Dec 01, 2023) and R Arun (Since Jan 01, 2013).
Date Sources: Mutual Funds, ETFs, and NPS data are sourced from Value Research. All times stamps are reflecting IST (Indian Standard Time). By using this site, you agree to the Terms of Service and Privacy Policy.
