This is the Direct plan of SBI Floating Interest Rates Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same fund.
NAV history
Scorecard
Not ratedHow 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. Not rated — too few comparable Debt funds (same plan and option) to rank against yet.
Not enough Floating Interest Rates Fund peers to rank yet
Volatility 0.9% (no category average yet)
0.3% expense (no category average yet)
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
No significant concerns identified.
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Fund vs category average (Floating Interest Rates Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | +0.06% | — | — |
| 3M abs | +1.25% | — | — |
| 6M abs | +3.32% | — | — |
| 1Y CAGR | +6.01% | — | — |
| 3Y CAGR | +7.40% | — | — |
| 5Y CAGR | +6.68% | — | — |
Category average across peers in Floating Interest Rates Fund, 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.
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 Floating Interest Rates 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 | +5.19% | |
| 2025 | +7.09% | |
| 2024 | +8.40% | |
| 2023 | +7.75% | |
| 2022 | +4.53% | |
| 2021 | +3.71% | |
| 2020part | +1.41% |
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- Debt94.59%
- Cash & Equivalents4.55%
- Other0.86%
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
RRRajeev RadhakrishnanStart date not disclosed
Chief Investment Officer Fixed Income
B.E (Production). MMS (Finance), CFA
Total experience of 22 years in funds management. Around 16 years in Fixed Income funds management and dealing. Previously he was associated UTI Asset Management Company Ltd. as Co - Fund Manager Past experiences: • SBI Funds Management Limited - (From June 09, 2008 onwards) • Co - Fund Manager - UTI Asset Management Company Limited (June 2001-2008)
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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 Debt funds
Debt funds lend to governments and companies and earn interest. They're generally steadier than equity funds and are used for shorter horizons and stability.
Frequently asked questions
What is the NAV of SBI Floating Interest Rates Fund?
As of 05 Oct 2026, the NAV of SBI Floating Interest Rates Fund is ₹14.50 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has SBI Floating Interest Rates Fund delivered?
SBI Floating Interest Rates Fund has returned +6.01% over 1 year, +7.40% per year over 3 years, +6.68% per year over 5 years and +6.44% 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 Floating Interest Rates Fund?
SBI Floating Interest Rates Fund charges an expense ratio of 0.28% 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 Floating Interest Rates Fund?
SBI Floating Interest Rates Fund's largest holdings are 6.84% State Government of Gujarat 2031 (11.4%), 7.57% State Government of Gujarat 2031 (7.4%), National Bank for Agriculture and Rural Development (7.3%), Axis Bank Ltd. (7.1%) and Sundaram Finance Ltd. (7.0%). Holdings are disclosed monthly and change over time.
How risky is SBI Floating Interest Rates Fund?
SBI Floating Interest Rates Fund is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.9% and its worst peak-to-trough fall in our sample was -0.6%. 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 0.98 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. SBI Floating Interest Rates Fund's 0.98 means it has rewarded its volatility with excess return. Higher is better.
Who manages SBI Floating Interest Rates Fund?
SBI Floating Interest Rates Fund is managed by Rajeev Radhakrishnan at SBI.
How is SBI Floating Interest Rates Fund taxed?
SBI Floating Interest Rates 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.