NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

SBI Floating Rate Debt Fund Growth for NRI [12.65]

Min Investment

5,000

Fund Size

1,182.37 Cr

Expense Ratio

0.5%

Exit Load

0.1%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

12.65

0.13%

NAV as on 04 Nov 24, 12:00 AM

low to moderate risk

floating rate

debt

NAV as on 04 Nov 24, 12:00 AM

low to moderate risk

floating rate

debt

8.43%p.a.

Last 1Y

6.50%p.a.

Last 3Y

0.00%p.a.

Last 5Y

6.00%p.a.

Since Inception

About SBI Floating Rate Debt Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the SBI Floating Rate Debt Fund Growth scheme from SBI Funds Management Ltd. It is a Floating Rate mutual fund scheme that predominantly invests in Floating Rate stocks of companies. Launched on Oct 2020, SBI Floating Rate Debt Fund Growth is Floating Rate fund of its category with 1,182.37 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Floating Rate funds.

  • SBI Floating Rate Debt Fund Growth delivered 8.4% annual returns during the last year. It has delivered 6.0% average annual returns since the fund was launched.
  • SBI Floating Rate Debt Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in debt

Fund Objective

The investment objective of the scheme is 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. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved. The scheme doesn’t assure or guarantee any returns

Top 10 Holdings

7.98% Govt Stock 2031

40.04%

Govt Stock 04102028

17.88%

6.79 Goi 2034

16.99%

Pipeline Infrastructure Pvt Ltd.

6.67%

National Bank For Agriculture And Rural Development

4.26%

SMFG India Home Finance Co Ltd.

3.40%

HDB Financial Services Ltd.

2.13%

Sikka Ports & Terminals Limited

2.13%

Corporate Debt Market Development Fund-A2

0.44%

Nagpur-Seoni Express Way Private Limited

0.29%

Fund Managers

  1. Rajeev Radhakrishnan (Oct 2020 - Present)
  2. Ardhendu Bhattacharya (Jun 2021 - Present)
  3. Pradeep Kesavan (Dec 2023 - Present)

Key Information

View Scheme Document

SBI Floating Rate Debt Fund Growth SIP Calculator

If invested

5,000

per month

For a period of

Investment of 0 could have been

0(+0.0%)

0 (+0.0%)

This Fund

0 (+0.0%)

Fixed Deposit

NRI Mutual Fund Tax on SBI Floating Rate Debt Fund Growth

Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.

Fund TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in SBI Floating Rate Debt Fund Growth?

NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:

  • Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
  • PAN Number
  • Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
  • Passport – front and back
  • Passport size photograph
  • signature

If all details are correct, your KYC will be approved within 7 to 8 business days.

  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in SBI Floating Rate Debt Fund Growth
  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
  • City and country of birth
  • NRE/NRO bank account statement/ canceled cheque for the latest 3 months
  • Nominee details

Frequently Asked Questions