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With Over 37% Returns In 5 Years, You Can Consider This Savings Fund For Investments
When it come sto investing, many new investors are so enticed by today's excellent short-term returns that they base their investing selections on these recent results. Investors probably are unaware that a fund must go through several cycles before its success can be estimated. Money Market Funds could be a good option for you as these funds offer decent returns. Here, we have given insights into one such fund from one of the biggest Mutual Fund houses. Read to Know more!
SBI Savings Fund - Direct Plan-Growth
The fund is open-ended debt Money Market Fund. This fund is from the SBI Mutual Fund launched on July 19, 2004.
The fund has Rs 24756.98 Crore assets under management and the NAV as of 30th March 2022 is Rs 35.5508.
The expense ratio of the fund is 0.23%, almost equal to the its category average. Also, it is a medium-sized fund of its category that offers investors an opportunity to invest in the market. The fund's ability to control losses in a falling market is above average.
This fund has delivered good returns, however, its performance is average among its peer's funds. Rating agencies such as CRISIL and Value Research rated this fund 3 stars and 4 stars, respectively. To start investing in this scheme the minimum investment amount required is Rs 500 for a lump sum and a minimum of Rs 500. is required for SIP. This scheme has no lock-in period. This fund is suitable for investors searching for short-term investment as well as an alternative to bank accounts and deposits.
Absolute And Annualised Returns
Lump-Sum investment Returns
Since its inception date, it has delivered 7.72% average annual returns.
| Investment Period | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | 3.99% | 3.99% |
| 2 Year | 9.88% | 4.82% |
| 3 Year | 18.35% | 5.77% |
| 5 Year | 37.05% | 6.50% |
| Since Inception | 98.86% | 7.72% |
SIP Returns
| SIP Period | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | 2.16% | 4.05% |
| 2 Year | 4.37% | 4.18% |
| 3 Year | 7.61% | 4.83% |
| 5 Year | 15.85% | 5.83% |
Portfolio
The fund has an 89.55 percent debt exposure, with 14.76 percent in government securities and 74.79 percent in low-risk securities.
The fund's credit record is excellent, suggesting that it has lent to high-quality customers. Because most funds in this category lend to comparable borrowers, the risk of default is similar across the board.
The fund's top holdings are in 182 Day T-Bill 11.08.2022, Axis Bank Ltd., LIC Housing Finance Ltd., L&T Metro Rail (Hyderabad) Ltd., IndusInd Bank Ltd. It has 10.45% holdings in Cash, Cash equivalent, and others.
Disclaimer
Mutual fund investments are subject to market risk. Read all scheme-related documents, and Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn't guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.
