SBI Short Term Fund
This is the Direct plan of SBI Short Term Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
NAV history
Scorecard
★★★☆☆3/5 vs 22 of 23 Short Duration Fund peers- Performance 60%
- Risk 15%
- Cost 10%
- Downside 15%
How this is computed
Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Short Duration Fund (same plan and option). 22 of the 23 Short Duration Funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR +7.22% · ranks 15 of 22 Short Duration Funds
Volatility 1.0% vs 1.0% category avg
0.4% expense vs 0.4% category avg
100% of rolling 3Y windows were positive
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
- Consistent — positive in 100% of rolling 3-year windows
Concerns
- Ranks #19 of 22 on 1-year return in its Short Duration Fund cohort
- Weaker risk-adjusted returns — Sharpe 0.76 below the Short Duration Fund average of 0.89
- High expense ratio (0.42%) vs the Short Duration Fund average of 0.37%
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Fund vs category average (Short Duration Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | +0.17% | +0.17% | 0.00% |
| 3M abs | +0.50% | +0.67% | -0.17% |
| 6M abs | +2.93% | +3.19% | -0.26% |
| 1Y CAGR | +4.91% | +5.23% | -0.32% |
| 3Y CAGR | +7.22% | +7.38% | -0.16% |
| 5Y CAGR | +6.37% | +6.70% | -0.33% |
Category average across peers in Short Duration Fund (up to 23 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).
Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.
Category rank
Vs 23 peers in Short Duration Fund
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
60 monthly installments of ₹10,000 into SBI Short Term Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | |
|---|---|---|
| 2026part | +3.47% | |
| 2025 | +8.23% | |
| 2024 | +8.27% | |
| 2023 | +7.26% | |
| 2022 | +4.05% | |
| 2021 | +3.29% | |
| 2020 | +10.41% | |
| 2019 | +10.02% | |
| 2018 | +6.64% | |
| 2017 | +6.34% |
January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.
Taxation
Taxed as debtThis is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.
Your income-tax slab — no LTCG or indexation benefit
Pick your slab to see the rate that applies to you.
Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Debt89.02%
- Cash & Equivalents10.60%
- Other0.38%
AMC Profile
SBI Mutual Fund is a joint venture between the State Bank of India and Amundi of France, and was set up in 1987 as the first fund house in India outside UTI. It is the largest by assets, helped by managing a share of the EPFO's ETF investments.
Fund Managers
MSMansi SajejaStart date not disclosed
Fund Manager
17 years
Post Graduate Diploma in Business Management, CFA
Mansi Sajeja joined SBIFML in September 2009 as Credit Analyst. Prior to joining SBIFML, Mansi was Rating Analyst at ICRA Limited from March 2006 to September 2009. Mansi also manages, SBI Conservative Hybrid Fund (Debt portion), SBI Multi Asset Allocation Fund (Debt portion), SBI Equity Savings Fund (debt portion), SBI Balanced Advantage Fund (debt portion), SBI Short Term Debt Fund (Co-Fund Manager).
Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.
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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.
About Short Duration funds
Short duration funds run a Macaulay duration of 1 to 3 years. Long enough to earn more than a liquid or ultra short fund, short enough that a rate move does not swing the NAV the way it does in a long duration fund.
From the blog
Frequently asked questions
What is the NAV of SBI Short Term Fund?
As of 01 Oct 2026, the NAV of SBI Short Term Fund is ₹36.45 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has SBI Short Term Fund delivered?
SBI Short Term Fund has returned +4.91% over 1 year, +7.22% per year over 3 years, +6.37% per year over 5 years and +7.66% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.
What is the expense ratio of SBI Short Term Fund?
SBI Short Term Fund charges an expense ratio of 0.42% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of SBI Short Term Fund?
SBI Short Term Fund's largest holdings are Shivshakti Securitisation Trust (Obligor - Digital Fibre Infrastructure Trust) (4.3%), National Bank for Agriculture and Rural Development (3.7%), 6.94% CGL 2036 (2.8%), Siddhivinayak Securitisation Trust (Obligor - Digital Fibre Infrastructure Trust) (2.7%) and 7.31% State Government of Karnataka 2033 (2.6%). Holdings are disclosed monthly and change over time.
How risky is SBI Short Term Fund?
SBI Short Term Fund is rated low to moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.0% and its worst peak-to-trough fall in our sample was -2.4%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What does the Sharpe ratio of 0.76 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. SBI Short Term Fund's 0.76 means it has rewarded its volatility with excess return. Higher is better.
Who manages SBI Short Term Fund?
SBI Short Term Fund is managed by Mansi Sajeja at SBI.
How is SBI Short Term Fund taxed?
SBI Short Term Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.