MonitorDirect · GrowthWatch before adding
SBI Floating Interest Rates Fund
SBI Mutual FundIncome/Debt Oriented Schemes - Floating Interest Rates Fund6 years
- NAV
- 14.5317
- 4 Nov 2026
- 1Y
- +6.0%
- Trailing CAGR
- AUM
- ₹688.44 Cr
- 31 Aug 2026
- Volatility
- Low
- 0.8% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 4 Nov 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · Risk-adjusted return sits above the documented risk-free proxy.
Fits if · Peak-to-trough drawdown has stayed shallower than 15%.
Prefer peers if · Prefer HDFC Floating Interest Rates Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
6.0 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
0.28% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -0.6%. Ask whether you can hold through a similar fall.
Vs category
Fail
22% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
n/a
Manager not listed.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Watch
Top 10 holdings ≈ 131.3% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
SIP discipline
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+6.0%
- 3Y+7.4%
- 5Y+6.7%
- 10Yn/a
- SI+6.4%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+5.9%
- 3Y+6.8%
- 5Y+7.1%
- 10Yn/a
- Since inception
- +6.4%
- Calendar-day CAGR
- Excess 1Y
- +0.4%
- Category median, same plan and option
- 3Y win rate
- +22%
- Windows beating the median
- 3Y percentile
- 36
- Vs comparable share classes
- SIP 3Y XIRR
- +6.8%
- Simulated monthly SIP
- Worst rolling 3Y
- +5.3%
- 735 daily-ending windows
- Median rolling 3Y
- +7.4%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 248 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -0.6%
- Worst peak-to-trough
- Current
- 0.0%
- At peak
- Current spell
- 0 days
- Days below latest peak
- Time below peak
- +35%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 4 days
- 156 recovered episodes
- Longest recovery
- 45 days
- Trough to prior peak
16 Mar 2026 – 24 Apr 2026
Trough 25 Mar 2026 · recovered in 30 days
-0.6%
2 May 2022 – 20 Jun 2022
Trough 6 May 2022 · recovered in 45 days
-0.6%
28 Jan 2021 – 5 Apr 2021
Trough 16 Mar 2021 · recovered in 20 days
-0.5%
5 Dec 2025 – 29 Dec 2025
Trough 23 Dec 2025 · recovered in 6 days
-0.3%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
36
Vs category
53
Consistency
30
Risk-adjusted
57
Drawdown
99
Mean
55
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
No status reasons yet. History is still thin.
Supporting reads
- Risk-adjusted return sits above the documented risk-free proxy.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
31 Aug 2026 · 20 holdings · top 10 are 131.3%.
- Top 5
- 98.6%
- Top 10
- 131.3%
- Largest holding
- 67.1%
- Effective holdings
- 1.9
Net Receivables
Unspecified
67.1%
STATE DEVELOPMENT LOAN 36716 GUJ 19NV31 6.84 FV RS 100
Industrials
11.5%
STATE DEVELOPMENT LOAN 32443 GUJ 28DC31 7.57 FV RS 100
Industrials
7.4%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 25A 7.70 BD 30SP27 FVRS1LAC
Financial
7.3%
AXIS BANK LIMITED CD 16DEC26
Financial
7.1%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
HDFC Floating Interest Rates Fund
HDFC Mutual Fund
- 1Y
- +5.3%
- 3Y
- +7.4%
- Vol
- 0.8%
- Max DD
- -1.3%
- Sharpe
- 2.36
- 3Y win
- +45%
- Lower volatility
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown
Franklin India Floating Interest Rates Fund
Franklin Templeton Mutual Fund
- 1Y
- +5.9%
- 3Y
- +8.0%
- Vol
- 0.6%
- Max DD
- -1.3%
- Sharpe
- 0.96
- 3Y win
- +28%
- Lower volatility
- Higher win rate vs category
- Higher trailing returns
Caveat: Deeper drawdown · Higher TER
Axis Floating Interest Rates Fund
Axis Mutual Fund
- 1Y
- +6.7%
- 3Y
- +8.4%
- Vol
- 1.8%
- Max DD
- -1.3%
- Sharpe
- 0.69
- 3Y win
- +99%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
DSP Floating Interest Rates Fund
DSP Mutual Fund
- 1Y
- +4.8%
- 3Y
- +7.6%
- Vol
- 1.1%
- Max DD
- -0.8%
- Sharpe
- 0.67
- 3Y win
- +82%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
Kotak Floating Interest Rates Fund
Kotak Mahindra Mutual Fund
- 1Y
- +5.1%
- 3Y
- +7.5%
- Vol
- 1.4%
- Max DD
- -2.0%
- Sharpe
- 0.89
- 3Y win
- +72%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown