November 11, 2022
mayank
SBI Short Term Debt Fund
NAV Growth: Rs 27.7317
NAV IDCW Weekly: Rs 12.1473
NAV IDCW Monthly: Rs 15.4982
NAV IDCW Fortnightly: Rs 18.6788
Suitable For Which Investors?
“Short Duration debt funds invest mainly in bonds maturing in a period of one to three years. They are suitable for investment horizons of one to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.
The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit. There have been instances when short duration funds have incurred losses.
Remember, their returns may not be substantially higher than inflation. 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 seeks to provide investors an opportunity to generate regular income through investments in a portfolio comprising predominantly of debt instruments which are rated not below investment grade and money market instruments such that the Macaulay duration of the portfolio is between 1 year and 3 years.
Fund Manager:
1) Rajeev Radhakrishnan
Education: Mr. Radhakrishnan is B.E (Production), MMS (Finance) and CFA.
Experience: Prior to joining SBI AMC he has worked with UTI Asset Management Company Ltd.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| 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 |
Basic Details
| Fund House | SBI Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 7.81% |
| Benchmark | CRISIL Short Duration Fund AII Index |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 13,068 Cr |
| (As on 31-Oct-2022) | |
| Expense Ratio | 0.35% |
| (As on 30-Sep-2022) | |
| Risk Grade | Below Average |
| Return Grade | Average |
SBI Short Term Debt Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| SBI ST Debt Dir | 2.95 | 0.10 | 0.70 | 1.19 | 2.51 | 3.22 | 5.78 | 6.63 | 7.25 | — |
| CCIL T Bill Liquidity Weight | 1.92 | 0.02 | 0.32 | 0.73 | 1.39 | 2.25 | 2.51 | 3.20 | 3.55 | — |
| Debt: Short Duration | 3.71 | 0.07 | 0.96 | 1.43 | 2.94 | 4.12 | 6.29 | 6.22 | 6.96 | — |
| Rank within category | 8 | 3 | 14 | 11 | 18 | 12 | 13 | 11 | 9 | — |
| Number of funds in category | 26 | 27 | 27 | 26 | 26 | 26 | 24 | 21 | 21 | 0 |
SBI Short Term Debt 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 ST Debt Dir | 3 star | 3.22 | 5.78 | 6.63 | 0.35 | 13,068 | 7.81 | — | 9yrs 10mo |
| ICICI Pru ST Dir | 4 star | 4.80 | 7.19 | 7.53 | 0.37 | 14,606 | 8.59 | — | 9yrs 10mo |
| Axis ST Dir | 4 star | 3.84 | 6.45 | 7.19 | 0.30 | 7,544 | 8.2 | — | 9yrs 10mo |
| Nippon Ind ST Dir | 4 star | 3.51 | 6.43 | 6.93 | 0.35 | 6,639 | 8.13 | — | 9yrs 10mo |
| ABSL ST Dir | 4 star | 4.41 | 6.89 | 7.33 | 0.39 | 5,857 | 8.74 | — | 9yrs 10mo |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 93 | 46 |
| Modified Duration (yrs) | 1.89 | 1.53 |
| Average Maturity (yrs) | 2.29 | 1.92 |
| Yield to Maturity (%) | 7.50 | 7.33 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For SBI Short Term Debt Fund
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