SBI Floating Rate Debt Fund Direct - Growth

Q: What are the returns of this mutual fund scheme?

The SBI Floating Rate Debt Fund Direct - Growth is a 5 yrs 3 m old fund and has delivered average annual returns of 6.37% since inception. SBI Floating Rate Debt Fund Direct - Growth Returns 1-Year 3-Year 5-Year Since Inception 6.99% 7.73% 6.32% 6.37%

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹13.8591+0.0% 1 day change	6.37% p.a.	App exclusive #NA View Ranked Funds	₹750 Cr

Historical NAV & returns

NAV: ₹13.8591 as on Feb 02, 2026

This fund Category average

SBI Floating Rate Debt Fund overview

Expense ratio	0.25% as on Feb 02, 2026
Exit load	0.1% Exit load of 0.10%, if redeemed within 3 days.!
AUM (Fund size)	₹750 Cr
Lock-in Period	Nil
Age	5 yrs 3 m since Oct 06, 2020
Benchmark	NIFTY SD Debt Index A-II
Min. investment	SIP: ₹500 & Lumpsum: ₹5000
Risk	Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

SBI Floating Rate Debt Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Feb 03, 2026

Period	This fund	Category average
1 Month	0.58%	0.2%
3 Months	1.25%	0.9%
6 Months	2.27%	2.27%
1 Year	6.99%	7.33%
2 Years	7.67%	7.94%
3 Years	7.73%	7.92%
4 Years	7.0%	7.17%
5 Years	6.32%	6.64%

Asset allocationas on Dec 31, 2025

Large Cap 0%

Mid Cap 0%

Small Cap 0%

Other Cap 0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

SOV 66.50633921%

AAA 16.00612007%

A1+ 12.51433437%

Cash & Call Money 4.21252613%

Top Debt Holdings

GOI 50.33%

HDFC Bank Ltd. 9.22%

Gujarat State 6.81%

Citi Corp Finance Ltd 6.66%

Allocation by Instruments

Cash Margin 55.97155898%

GOI Securities 50.32893284%

State Development Loan 16.17740637%

Certificate of Deposit 12.51433437%

Other Holdings

Others 1.34%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
SBI Floating Rate Debt Fund	0.58%	2.27%	6.99%	7.73%	6.32%	N.A.
Franklin India Floating Rate Fund	0.26%	2.41%	8.35%	8.49%	6.92%	6.98%
HDFC Floating Rate Debt Fund	0.15%	2.5%	7.57%	8.05%	6.77%	7.47%
UTI Floater Fund	0.17%	2.47%	7.0%	7.32%	6.16%	4.92%
Aditya Birla Sun Life Floating Rate Fund	0.17%	2.63%	7.41%	7.78%	6.64%	7.45%
ICICI Prudential Floating Interest Fund	0.19%	2.98%	8.03%	8.45%	7.0%	7.89%

Fund name	Std. deviation	Beta	Sharpe	Sortino
SBI Floating Rate Debt Fund	0.67	0.49	2.01	3.57
Franklin India Floating Rate Fund	0.99	0.88	2.09	2.71
HDFC Floating Rate Debt Fund	0.68	0.84	2.43	3.33
UTI Floater Fund	0.64	0.76	1.49	1.94
Aditya Birla Sun Life Floating Rate Fund	0.55	0.74	2.5	3.26
ICICI Prudential Floating Interest Fund	0.69	0.6	2.98	5.01

Fund name	ETM Rank	AUM	Fund age	Expense ratio
SBI Floating Rate Debt Fund	N.A.	750 Cr	5 yrs 3 m	0.25%
Franklin India Floating Rate Fund	N.A.	305 Cr	13 yrs 1 m	0.25%
HDFC Floating Rate Debt Fund	N.A.	16,224 Cr	13 yrs 1 m	0.27%
UTI Floater Fund	N.A.	1,580 Cr	7 yrs 3 m	0.42%
Aditya Birla Sun Life Floating Rate Fund	N.A.	13,416 Cr	13 yrs 1 m	0.24%
ICICI Prudential Floating Interest Fund	N.A.	7,282 Cr	13 yrs 1 m	0.3%

View all Floater funds

Key risk & return ratios Compared to other funds in the category

Alpha	2.28 vs. 4.3 Underperformed at beating benchmark
Sharpe	2.01 vs. 5.0 Poor risk-adjusted returns
Beta	0.49 vs. 2.1 Less sensitive to market ups & downs
Standard deviation	0.67 vs. 0.93 More stable returns

About this fund

About SBI Floating Rate Debt Fund

SBI Floating Rate Debt Fund Direct - Growth is a Floater mutual fund scheme from Sbi Mutual Fund. This fund has been in existence for 5 yrs 3 m, having been launched on 06/10/2020. SBI Floating Rate Debt Fund Direct - Growth has ₹750 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of SBI Floating Rate Debt Fund Direct - Growth as of 02/02/2026 is ₹13.86. The fund has an expense ratio of 0.25%, which is close to what most other Floater funds charge.

SBI Floating Rate Debt Fund Direct - Growth returns of last 1-year are 7.03%. Since launch, it has delivered 6.39% average annual returns.
SBI Floating Rate Debt Fund Direct - Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is above average.
The fund's credit profile is very high indicating it has lent to borrowers whose quality is excellent. Most funds in this category lend to similar borrowers and hence the risk of default in this fund is same as the category.
The fund's top holdings are in GOI, HDFC Bank Ltd., Gujarat State, Citi Corp Finance Ltd, Tamilnadu State.

...

Fund AUM	750 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Rajeev Radhakrishnan

Mr. Radhakrishnan is B.E (Production), MMS (Finance) and CFA. Prior to joining SBI AMC he has worked with UTI Asset Management Company Ltd.

Ardhendu Bhattacharya

Mr. Bhattacharya is a MBA (Marketing) and Bachelor of Engineering. Prior to joining SBI Mutual Fund, he has worked with ICICI Bank and Citibank.

Investment objective

The scheme seeks 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.

SBI Mutual Fund details

No. of schemes	72 view all schemes
Total AUM	12,63,745 Cr as on Dec 31, 2025
Address	9th Floor-Crescenzo, C-38 & 39- G Block, Bandra-Kurla Complex, Bandra (East) Mumbai, 400051
Phone	022-61793000 / 1800-425-5425

More funds from SBI Mutual Fund

Fund name	ETM Rank	AUM	1Y	3Y
SBI Credit Risk Fund	N.A.	2,175 Cr	7.97%	8.66%
SBI CRISIL IBX Gilt Index - June 2036 Fund	N.A.	2,737 Cr	5.83%	8.11%
SBI CRISIL IBX Gilt Index - April 2029 Fund	N.A.	2,038 Cr	7.9%	8.1%
SBI Medium Duration Fund	N.A.	6,889 Cr	7.18%	7.92%
SBI CRISIL IBX SDL Index - September 2027 Fund	N.A.	998 Cr	7.52%	7.73%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of SBI Floating Rate Debt Fund Direct - Growth?

The current Net Asset Value (NAV) of the SBI Floating Rate Debt Fund - Direct Growth plan is approximately ₹13.8591 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The SBI Floating Rate Debt Fund Direct - Growth is a 5 yrs 3 m old fund and has delivered average annual returns of 6.37% since inception.

SBI Floating Rate Debt Fund Direct - Growth Returns

1-Year	3-Year	5-Year	Since Inception
6.99%	7.73%	6.32%	6.37%

How much does this mutual fund charge as expense ratio?

The SBI Floating Rate Debt Fund - Direct Growth has an expense ratio of 0.25%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

What is the AUM or fund size of this mutual fund?

The SBI Floating Rate Debt Fund currently has assets under management (AUM) or fund size valued at approximately 750 Cr as on Dec 31, 2025.

To whom does SBI Floating Rate Debt Fund lend to?

The top 3 debt holdings of SBI Floating Rate Debt Fund are as follows

Holding Name	Percentage of Portfolio
GOI	50.33%
HDFC Bank Ltd.	9.22%
Gujarat State	6.81%

What is the quality of borrowers this mutual fund scheme lends to?

The credit rating of the instruments in which the fund invests represents the quality of the borrower.

The SBI Floating Rate Debt Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
SOV	66.50633921%
AAA	16.00612007%
A1+	12.51433437%

What is risk level of SBI Floating Rate Debt Fund?

This is a Floater fund comes with Moderate risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in SBI Floating Rate Debt Fund Direct - Growth?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. The whole process takes just a few minutes. Here's how it works:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for SBI Floating Rate Debt Fund - Direct Growth, select your investment mode (lump sum or SIP), and enter the investment amount.
Provide the required details, including the bank account you'll use for payment, and confirm your investment.

That's it. Your investment in the SBI Floating Rate Debt Fund is complete.

How can I redeem my investments in SBI Floating Rate Debt Fund?

Redeeming your investments in the SBI Floating Rate Debt Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in Floater

#NA

Return Consistency: This fund ranks lower in terms of generating consistent return in it's category.
Volatility Protection: This fund ranks lower in terms of protecting against volatility within its category.
Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit load of 0.10%, if redeemed within 3 days.