SBI Floating Interest Rates Fund - Regular Plan - Quarterly IDCW

SBI Floating Interest Rates Fund - Regular Plan - Quarterly IDCW is a scheme launched by SBI Mutual Fund on October 27, 2020, and falls under the Ultra Short Duration fund category. It currently manages an AUM of Rs 675.98 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 Interest Rates Fund - Regular Plan - Quarterly IDCW trailing returns over different times are 5.93% (1 year), 7.18% (3 year) and 6.45% (5 year). The average annual return of this fund stands at 5.05%.