October 19, 2022
mayank
SBI CRISIL IBX SDL Index – September 2027 Fund
NAV Growth: Rs 10.0049
NAV IDCW: Rs 10.0049
Suitable For Which Investors?
This is a fund that comes with a fixed maturity and invests in bonds whose maturity is in line with that of the fund. Upon the completion of the stated tenure, the fund is wound up and investors’ money is returned to them along with accumulated gains. They provide predictability (though not a guarantee) of returns because by staying invested till the end of its term, you can expect to get returns close to its ‘indicative yield’ at the time of making the investment.
They can be a viable option for fixed-income investors whose investment horizon matches the tenure of the fund. Such funds are more attractive when the interest rates are high, so as to ‘lock-in’ a high rate of return and benefit from it by staying invested for the entire fund tenure.
If you do decide to invest in them, remember that they are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.
Fund’s Investment Strategy:
The scheme is seeks to provide returns that closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error.
Fund Manager:
1) Dinesh Ahuja
Education: Mr. Ahuja is a B.Com (H) and MMS (Finance).
Experience: Prior to joining SBI AMC he has worked with L&T Investment Management Ltd., Reliance Asset Management Ltd and Reliance General Insurance Company Ltd.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | — |
| Min. Balance (Rs) | — |
| Exit Load | 0.15% for redemption within 30 days |
| Lock-in Period | NA |
Basic Details
| Fund House | SBI Mutual Fund |
| Launch Date | 04-Oct-22 |
| Return Since Launch | 0.05% |
| Benchmark | CRISIL IBX SDL – September 2027 |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs– Cr |
| (As on ) | |
| Expense Ratio | –% |
| (As on ) | |
| Risk Grade | — |
| Return Grade | — |
SBI CRISIL IBX SDL Index – September 2027 Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| SBI CRISIL IBX SDL Index-September 2027 Dir | — | 0.19 | — | — | — | — | — | — | — | — |
| CCIL T Bill Liquidity Weight | — | 0.02 | — | — | — | — | — | — | — | — |
| Debt: Target Maturity | — | 0.11 | — | — | — | — | — | — | — | — |
| Rank within category | — | 13 | — | — | — | — | — | — | — | — |
| Number of funds in category | 12 | 39 | 28 | 28 | 28 | 10 | 0 | 0 | 0 | 0 |
SBI CRISIL IBX SDL Index – September 2027 Fund Peer Comparison
| Fund name | Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age |
| SBI CPSE Bond + SDL Sep 2026 50:50 Dir | Unrated | — | — | — | — | 7,789 | 0.59 | — | 0yrs 8mo |
| ABSL SDL + PSU Bond Sep 2026 60:40 Dir | Unrated | 1.24 | — | — | 0.15 | 7,477 | 1.22 | 0.50 (30) | 1yrs 0mo |
| Edelweiss NIFTY PSU Bond Plus SDL Apr 2026 50:50 Index Dir | Unrated | 1.47 | — | — | 0.16 | 7,249 | 4.30 | 0.10 (30) | 1yrs 7mo |
| IDFC CRISIL Gilt 2027 Index Dir | Unrated | 1.01 | — | — | 0.16 | 6,058 | 3.27 | — | 1yrs 7mo |
| ICICI Pru Nifty PSU Bond + SDL Sep 2027 40:60 Index Dir | Unrated | 1.00 | — | — | 0.15 | 6,031 | 0.95 | — | 1yrs 0mo |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | — | — |
| Modified Duration (yrs) | — | — |
| Average Maturity (yrs) | — | — |
| Yield to Maturity (%) | — | — |
| Avg Credit Rating | — |
Chanakya’s Mutual Fund Guidance For SBI CRISIL IBX SDL Index – September 2027 Fund
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