★ ★ ★ ★ ★

SBI Savings Fund Direct Plan Growth

Debt

  

Money Market Fund

NAV

32.367 + 0.0127

as on (01 Apr, 2020)

RETURNS

7.64 %

Fund Type

Open Ended

Investment Plan

Growth

Expense Ratio

0.23 %

Benchmark

Nifty Money Market Index PR INR

Asset Size

14129.66 Cr.

(As of 30 Apr, 2019)

Risk

Moderately Low

Objective

To provide the investors an opportunity to invest in money market instruments.

app screenshot
Google play store download image   Apple app store download image

Fund manager

R. Arun

(since 01 Feb, 2011)

Exit load

N / A

(If redeemed within 3 days)

Minimum sip

₹ 500

minimum investment

₹ 500

Top Holdings

This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.

Company

Assets

RMZ Infotech Private Limited

6.89 %

Sector Allocation

About the Scheme Type

Money Market Fund

Money Market Mutual Funds invest in high quality and ultra safeliquid instruments like commercial papers, treasury bills (T- Bills), Repurchase Agreements (Repos) and Certificate of Deposits. With an average maturity of one year, Money Market Mutual Funds are used to manage short-run cash needs and deals only in either cash or cash equivalents. Its main aim is to keep the fluctuations in the fund’s NAV to a minimum

Ratings

This fund is rated 5 stars by Morning Star Ratings.

★ ★ ★ ★ ★

Overview of SBI Funds Management Private Limited

With 30​ years of rich experience in fund management, we at SBI Mutual Fund, bring forward our expertise by consistently delivering value to our investors. SBI Mutual Fund has a strong and proud lineage tailing back to the State Bank of India (SBI) - India's largest bank. SBI Mutual Fund is a Joint Venture between SBI and AMUNDI (France), one of the world's leading fund management companies.

SBI Mutual Fund’s vision -

“To be the most trusted and respected Asset Manager”, and we deliver value and nurture the trust of our vast and varied family of investors, with our network of over 222 acceptance points across India. Investors are our priority. SBI Mutual Fund’s mission is to establish Mutual Funds as a viable investment option to the masses in the country. While on our way towards achieving it, we, at SBI Mutual Fund, have developed innovative, need-specific products and educated the investors about the added benefits of investing in capital markets via Mutual Funds. Today, SBI Mutual Fund has been actively managing investor's assets not only through our investment expertise in domestic mutual funds, but also offshore funds and portfolio management advisory services for institutional investors.