SBI Floating Rate Debt Fund - Regular Plan - Monthly Income Distribution cum Capital Withdrawal Option (IDCW)

SBI Floating Rate Debt Fund - Regular Plan - Monthly Income Distribution cum Capital Withdrawal Option (IDCW) is a scheme launched by SBI Mutual Fund on October 27, 2020, and falls under the Floater fund category. It currently manages an AUM of Rs 885.29 crore. The fund permits investments with a minimum SIP of Rs 500 and a lump sum of Rs 5000. It charges an expense ratio of 0.42% for managing the portfolio.

• Investing Strategy:

  To generate regular income through investment in a portfolio comprising substantially of floating rate debt instruments. The scheme may invest a portion of its net assets in fixed rate debt securities swapped for floating rate returns and money market instruments.

• Performance:

  SBI Floating Rate Debt Fund - Regular Plan - Monthly Income Distribution cum Capital Withdrawal Option (IDCW) trailing returns over different times are 7.5% (1 year), 7.65% (3 year) and 0% (5 year). The average annual return of this fund stands at 5.52%.