November 11, 2022
mayank
SBI Savings Fund
NAV Growth: Rs 36.5274
NAV IDCW Weekly: Rs 13.1192
NAV IDCW Monthly: Rs 14.4783
NAV IDCW Daily: Rs 11.4058
Suitable For Which Investors?
“Money Market debt funds invest in bonds with a maturity of up to one year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital.
Such funds are usually more suited to institutional investors. Retail investors can avoid these funds altogether. Here’s why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there’s a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don’t need for up to a year in a Liquid fund.
If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is to build wealth in the long run.”
Fund’s Investment Strategy:
The scheme seeks to provide the investors an opportunity to invest in money market instruments.
Fund Manager:
1) R Arun
Education: Mr. Arun is a B.Com (H), PGDM (Finance) and Financial Risk Manager (GARP).
Experience: Prior joining SBI in 2009 he has worked with ING Investment Management, Deutsche Bank India Operations and CRISIL India.
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | 1,000 |
| Lock-in Period | NA |
| Exit Load | 0.1% for redemption within 3 days |
Basic Details
| Fund House | SBI Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 7.52% |
| Benchmark | CRISIL Money Market Fund BI Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 18,910 Cr |
| (As on 31-Oct-2022) | |
| Expense Ratio | 0.23% |
| (As on 30-Sep-2022) | |
| Risk Grade | — |
| Return Grade | Average |
SBI Savings Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| SBI Svngs Dir | 3.83 | 0.02 | 0.49 | 1.33 | 2.61 | 4.37 | 4.95 | 6.14 | 6.75 | — |
| CCIL T Bill Liquidity Weight | 1.92 | 0.02 | 0.32 | 0.73 | 1.39 | 2.25 | 2.51 | 3.20 | 3.55 | — |
| Debt: Money Market | 3.73 | 0.02 | 0.49 | 1.30 | 2.55 | 4.27 | 4.78 | 5.96 | 6.45 | — |
| Rank within category | 10 | 14 | 13 | 9 | 10 | 10 | 6 | 5 | 2 | — |
| Number of funds in category | 20 | 22 | 22 | 21 | 20 | 20 | 16 | 12 | 12 | 0 |
SBI Savings 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 Svngs Dir | 3 star | 4.37 | 4.95 | 6.14 | 0.23 | 18,910 | 7.52 | 0.10 (3) | 9yrs 10mo |
| HDFC Money Mkt Dir | 4 star | 4.44 | 5.11 | 6.26 | 0.21 | 13,947 | 7.25 | — | 9yrs 10mo |
| ABSL Money Manager Dir | 4 star | 4.50 | 5.16 | 6.35 | 0.21 | 12,904 | 7.35 | — | 9yrs 10mo |
| Nippon Ind Money Mkt Dir | 5 star | 4.63 | 4.96 | 6.22 | 0.21 | 9,487 | 7.24 | — | 9yrs 10mo |
| UTI Money Mkt Dir | 4 star | 4.52 | 4.92 | 6.17 | 0.19 | 7,324 | 7.23 | — | 9yrs 10mo |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 67 | 44 |
| Modified Duration (yrs) | 0.33 | 0.31 |
| Average Maturity (yrs) | 0.36 | 0.32 |
| Yield to Maturity (%) | 7.17 | 6.88 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For SBI Savings Fund
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