HealthyDirect · GrowthFit for a long SIP
SBI Floating Interest Rates Fund
SBI Mutual FundIncome/Debt Oriented Schemes - Floating Interest Rates Fund6 years
- NAV
- 14.5092
- 28 Oct 2026
- 1Y
- +6.1%
- 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 28 Oct 2026
Stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
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%.
Buy checklist
History depth
Pass
6.0 years of path to read.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
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.
Evidence supports a shortlist - confirm with peers before you buy elsewhere.
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+6.1%
- 3Y+7.3%
- 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
- +0.6%
- Category median, same plan and option
- 3Y win rate
- +22%
- Windows beating the median
- 3Y percentile
- 45
- Vs comparable share classes
- SIP 3Y XIRR
- +6.8%
- Simulated monthly SIP
- Worst rolling 3Y
- +5.3%
- 730 daily-ending windows
- Median rolling 3Y
- +7.4%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 243 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
46
Vs category
54
Consistency
30
Risk-adjusted
55
Drawdown
99
Mean
57
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Healthy
Buying stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Why this status
- No material deterioration, cost shock, or persistent category underperformance in the current evidence set.
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.
Franklin India Floating Interest Rates Fund
Franklin Templeton Mutual Fund
- 1Y
- +5.8%
- 3Y
- +7.9%
- Vol
- 0.6%
- Max DD
- -1.3%
- Sharpe
- 0.89
- 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
- +5.6%
- 3Y
- +8.1%
- Vol
- 1.8%
- Max DD
- -1.3%
- Sharpe
- 0.57
- 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
- +4.2%
- 3Y
- +7.4%
- Vol
- 1.1%
- Max DD
- -0.8%
- Sharpe
- 0.52
- 3Y win
- +82%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
HDFC Floating Interest Rates Fund
HDFC Mutual Fund
- 1Y
- +5.1%
- 3Y
- +7.3%
- Vol
- 0.8%
- Max DD
- -1.3%
- Sharpe
- 2.33
- 3Y win
- +46%
- Lower volatility
- Higher win rate vs category
- Lower TER
Caveat: Deeper drawdown · Lower trailing returns
Kotak Floating Interest Rates Fund
Kotak Mahindra Mutual Fund
- 1Y
- +5.0%
- 3Y
- +7.5%
- Vol
- 1.4%
- Max DD
- -2.0%
- Sharpe
- 0.85
- 3Y win
- +72%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown