This is the Direct plan of SBI Fixed Maturity Plan (FMP) - Series 54 (1842 Days) — 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
★★★★☆4/5 vs 32 Income 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 Income (same plan and option).
3Y CAGR +7.38% · ranks 21 of 32 Income funds
Volatility 0.5% vs 0.9% category avg
0.1% expense vs 0.1% 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
- Stronger risk-adjusted returns — Sharpe 1.76 vs 1.19 Income average
- Less volatile than its Income peers (0.5% vs 0.9%)
- Low expense ratio (0.10%) vs the Income average of 0.12%
- Consistent — positive in 100% of rolling 3-year windows
Concerns
- 3-year return (+7.38%) trails the Income average (+8.82%)
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Fund vs category average (Income)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | +0.43% | +0.16% | +0.27% |
| 3M abs | +1.37% | +1.00% | +0.37% |
| 6M abs | +2.86% | +2.90% | -0.04% |
| 1Y CAGR | +5.97% | +5.80% | +0.17% |
| 3Y CAGR | +7.38% | +8.82% | -1.44% |
| 5Y CAGR | — | +9.87% | — |
Category average across peers in Income (31 of 32 carry a figure for at least one period), 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 32 peers in Income
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
36 monthly installments of ₹10,000 into SBI Fixed Maturity Plan (FMP) - Series 54 (1842 Days), 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 | +4.22% | |
| 2025 | +7.80% | |
| 2024 | +8.24% | |
| 2023 | +7.16% | |
| 2022 | +2.53% | |
| 2021part | +0.73% |
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- Debt96.80%
- Cash & Equivalents3.20%
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹40.00Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.
Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.
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
RGRanjana GuptaStart date not disclosed
Dealer and Fund Manager
B. Com.
Ranjana Gupta joined SBIFML in 2008 as Fixed Income Dealer and has over 21 years of experience in capital market. Prior to joining SBIFML, Ranjana was heading the broking activities at Twenty first Century Shares and Securities Ltd from May 1995 to February 2008. She started her career as a dealer in 1995 with OTCEI (Over the Counter Exchange of India). Ranjana is a Commerce graduate from Mumbai University. Ms. Ranjana Gupta currently managing SBI Debt Fund Series (launched from October 5, 2016), SBI Fixed Maturity Plan (FMP) Series, SBI CPSE Bond Plus SDL Sep 2026 50:50 Index Fund, SBI CRISIL IBX Gilt Index - June 2036 Fund, SBI CRISIL IBX Gilt Index - April 2029 Fund and SBI CRISIL IBX SDL Index - September 2027 Fund and
- SBI CPSE Bond Plus SDL Sep 2026 50:50 Index Fund
- SBI CRISIL IBX Gilt Index - April 2029 Fund
- SBI CRISIL IBX Gilt Index - June 2036 Fund
- SBI CRISIL IBX SDL Index - September 2027 Fund
- SBI Fixed Maturity Plan (FMP) - Series 1 (3668 Days)
- SBI Fixed Maturity Plan (FMP) - Series 34 (3682 Days)
- SBI Fixed Maturity Plan (FMP) - Series 50 (1843 Days)
- SBI Fixed Maturity Plan (FMP) - Series 51 (1846 Days)
- SBI Fixed Maturity Plan (FMP) - Series 52 (1848 Days)
- SBI Fixed Maturity Plan (FMP) - Series 53 (1839 Days)
- SBI Fixed Maturity Plan (FMP) - Series 55 (1849 Days)
- SBI Fixed Maturity Plan (FMP) - Series 57 (1835 Days)
- SBI Fixed Maturity Plan (FMP) - Series 58 (1842 Days)
- SBI Fixed Maturity Plan (FMP) - Series 6 (3668 Days)
- SBI Fixed Maturity Plan (FMP) - Series 60 (1878 Days)
- SBI Fixed Maturity Plan (FMP) - Series 61 (1927 Days)
- SBI OVERNIGHT FUND
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.
Explore from here
SBI in the news
Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.
SBI 10 year Constant Maturity Gilt Fund Direct Growth
ClearTax · 5h ago
Amol Joshi Appointed Chief Financial Officer at SBI Funds Management Limited
hrtoday.in · 1d ago
SBI Banking and PSU Debt Fund Regular Plan Growth
ClearTax · 2d ago
SBI Short Term Fund Regular Growth
ClearTax · 2d ago
SBI Mutual Fund (SEOFIIDD.BO) recent insider transactions
Yahoo Finance UK · 3d ago
SBI Money Market Fund Direct Plan Growth
ClearTax · 3d ago
SBI Mutual Fund Doubles Down On Swiggy, Buys Stock Worth ₹300 Cr
Inc42 · 4d ago
SBI Mutual Fund's Swiggy Stake Crosses 5% After Share Purchase
Siliconindia · 4d ago
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 Fixed Maturity Plan (FMP) - Series 54 (1842 Days)?
As of 01 Oct 2026, the NAV of SBI Fixed Maturity Plan (FMP) - Series 54 (1842 Days) is ₹13.43 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has SBI Fixed Maturity Plan (FMP) - Series 54 (1842 Days) delivered?
SBI Fixed Maturity Plan (FMP) - Series 54 (1842 Days) has returned +5.97% over 1 year, +7.38% per year over 3 years and +6.28% 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 Fixed Maturity Plan (FMP) - Series 54 (1842 Days)?
SBI Fixed Maturity Plan (FMP) - Series 54 (1842 Days) charges an expense ratio of 0.10% 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 Fixed Maturity Plan (FMP) - Series 54 (1842 Days)?
SBI Fixed Maturity Plan (FMP) - Series 54 (1842 Days)'s largest holdings are 7.41% State Government of Uttar Pradesh 2026 (61.4%), 6.97% CGL 2026 (8.6%), GOI 19.09.2026 GOV (7.4%), 7.05% State Government of Tamil Nadu 2026 (6.8%) and GOI 22.10.2026 GOV (2.9%). Holdings are disclosed monthly and change over time.
How risky is SBI Fixed Maturity Plan (FMP) - Series 54 (1842 Days)?
SBI Fixed Maturity Plan (FMP) - Series 54 (1842 Days) is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.5% and its worst peak-to-trough fall in our sample was -3.5%. 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 1.76 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. SBI Fixed Maturity Plan (FMP) - Series 54 (1842 Days)'s 1.76 means it has rewarded its volatility with excess return. Higher is better.
Who manages SBI Fixed Maturity Plan (FMP) - Series 54 (1842 Days)?
SBI Fixed Maturity Plan (FMP) - Series 54 (1842 Days) is managed by Ranjana Gupta at SBI.
How is SBI Fixed Maturity Plan (FMP) - Series 54 (1842 Days) taxed?
SBI Fixed Maturity Plan (FMP) - Series 54 (1842 Days) 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.