SBI Floating Interest Rates Fund
- NAV as on 25 Sep 2026
- ₹14.32-0.06%1 day
- Return since launch
- 6.2%
- 52-week range
- ₹13.49 — ₹14.35
- AUM
- ₹688 Cr
SBI Floating Interest Rates Fund is a Floater debt fund from SBI Mutual Fund with ₹688 Cr under management, launched in 2020. Over three years it has returned 6.9% a year, against 7.2% for its category. The expense ratio is 0.42% and the SEBI riskometer reading is Moderate.
Performance
SBI Floating Interest Rates Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +6.2% against +5.5% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 6.4% | +0.7 pts | 5.7% | 5.3% |
| 2Y | 6.5% | +0.3 pts | 6.2% | 6.0% |
| 3Y | 6.9% | −0.3 pts | 7.2% | 6.6% |
| 5Y | 7.0% | +0.7 pts | 6.3% | 6.8% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.1% | −0.1 pts | 0.1% | 0.2% |
| 3M | 1.3% | +0.4 pts | 0.9% | 0.8% |
| 6M | 3.3% | 0.0 pts | 3.2% | 3.0% |
| 1Y | 6.2% | +0.5 pts | 5.7% | 5.4% |
| 2Y | 6.8% | +0.1 pts | 6.7% | 6.7% |
| 3Y | 7.2% | 0.0 pts | 7.2% | 7.1% |
| 5Y | 6.5% | +0.2 pts | 6.3% | 6.3% |
Since launch (6 Oct 2020): 6.2%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 6.9% | −1.1 pts | 8.0% |
| 2024 | 8.2% | −0.4 pts | 8.5% |
| 2023 | 7.6% | −0.2 pts | 7.7% |
| 2022 | 4.3% | −0.2 pts | 4.5% |
| 2021 | 3.5% | −0.6 pts | 4.1% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
0.42%
Expense ratio as on 24 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.34%
- Brokerage
- 0.01%
- Transaction charges
- 0.01%
- Statutory levies
- 0.06%
- Exit load
- Exit load of 0.10%, if redeemed within 3 days.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY SD Debt Index A-II
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Your principal is treated as being at moderate risk — typically medium duration debt and conservative hybrid schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | — | — | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 1.76 | 1.14 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 3.04 | 2.06 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.87 | 1.50 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
SBI Floating Interest Rates Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt30.1%
- Other69.9%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 136.13% | ₹937 Cr | +3.45% | +3.33% | +2.52% |
| Gujarat State | Construction | 7.38% | ₹50.83 Cr | +7.43% | +7.42% | — |
| National Bank For Agriculture & Rural Development | Financial | 7.27% | ₹50.06 Cr | — | — | — |
| Axis Bank Ltd. | Financial | 7.13% | ₹49.07 Cr | — | — | — |
| Sundaram Finance Ltd. | Financial | 7.05% | ₹48.56 Cr | — | — | — |
| Punjab National Bank | Financial | 7.01% | ₹48.29 Cr | — | — | — |
| Tamilnadu State | Others | 6.49% | ₹44.67 Cr | +1.46% | +6.51% | — |
| Bank Of Baroda | Financial | 6.36% | ₹43.75 Cr | — | — | — |
| Bharti Telecom Ltd. | Communication | 5.76% | ₹39.65 Cr | — | — | — |
| Canara Bank | Financial | 5.65% | ₹38.89 Cr | — | — | — |
| Tata Capital Ltd.(Partly Paid Equity) | Financial | 4.37% | ₹30.10 Cr | — | — | — |
| Aditya Birla Housing Finance Ltd. | Financial | 4.33% | ₹29.80 Cr | +4.40% | +4.32% | +3.38% |
| Small Industries Devp. Bank of India Ltd. | Financial | 3.51% | ₹24.19 Cr | — | — | — |
| GOI | Sovereign | 0.74% | ₹5.09 Cr | +21.60% | +26.70% | +3.41% |
| Deutsche Bank AG (India) | Financial | -7.26% | ₹-50.00 Cr | -7.41% | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Deutsche Bank AG (India) | -14.60% | -7.26% | +7.34% |
| Punjab National Bank | 0.00% | 7.01% | +7.01% |
| company:12803 | 4.91% | 0.00% | -4.91% |
| company:5848 | 3.73% | 0.00% | -3.73% |
| Small Industries Devp. Bank of India Ltd. | 0.00% | 3.51% | +3.51% |
| GOI | 2.97% | 0.74% | -2.23% |
| Gujarat State | 7.47% | 7.38% | -0.09% |
| Tamilnadu State | 6.56% | 6.49% | -0.07% |
| National Bank For Agriculture & Rural Development | 7.32% | 7.27% | -0.05% |
| Aditya Birla Housing Finance Ltd. | 4.36% | 4.33% | -0.03% |
| Bharti Telecom Ltd. | 5.79% | 5.76% | -0.03% |
| Tata Capital Ltd.(Partly Paid Equity) | 4.39% | 4.37% | -0.02% |
| Canara Bank | 5.64% | 5.65% | +0.01% |
| Axis Bank Ltd. | 7.12% | 7.13% | +0.01% |
| Bank Of Baroda | 6.35% | 6.36% | +0.01% |
| Sundaram Finance Ltd. | 7.05% | 7.05% | 0.00% |
| Others | 0.86% | 0.86% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹2,444 Cr | 0.76% | 6.0% | 7.0% | 7.0% |
 ICICI Prudential Floating Interest Rates Fund | ₹9,119 Cr | 0.85% | 5.5% | 6.7% | 7.0% |
 Franklin India Floating Interest Rates Fund | ₹281 Cr | 0.95% | 5.6% | 6.8% | 7.0% |
 Bandhan Floating Interest Rates Fund | ₹228 Cr | 0.71% | 6.1% | 6.9% | 6.8% |
 Axis Floating Interest Rates Fund | ₹149 Cr | 0.53% | 7.0% | 7.4% | 7.4% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
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.
Fund managers
- Ardhendu BhattacharyaMr. Bhattacharya is a MBA (Marketing) and Bachelor of Engineering.Prior to joining SBI Mutual Fund, he has worked with ICICI Bank and Citibank.
- Rajeev RadhakrishnanMr. Radhakrishnan is B.E (Production), MMS (Finance) and CFA.Prior to joining SBI AMC he has worked with UTI Asset Management Company Ltd.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months3.28% absolute | ₹60,000 | ₹61,968 | 3.28% | |
| 1 year6.18% annualised | ₹1,20,000 | ₹1,24,094 | 3.41% | |
| 3 years7.22% annualised | ₹3,60,000 | ₹4,03,034 | 11.95% | |
| 5 years6.50% annualised | ₹6,00,000 | ₹7,10,568 | 18.43% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.