MonitorDirect · GrowthWatch before adding
SBI SHORT TERM FUND
SBI Mutual FundIncome/Debt Oriented Schemes - Short Term Fund13.8 years
The scheme seeks to provide investors an opportunity to generate regular income through investments in a portfolio comprising predominantly of debt instruments which are rated not below investment grade and money market instruments such that the Macaulay duration of the portfolio is between 1 year and 3 years.
- NAV
- 36.3728
- 29 Oct 2026
- 1Y
- +4.0%
- Trailing CAGR
- AUM
- ₹13,242.64 Cr
- 30 Sept 2026
- Volatility
- Low
- 1.4% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 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 Groww Short Term Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
13.8 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
0.42% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -2.4%. Ask whether you can hold through a similar fall.
Vs category
Fail
27% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Mansi Sajeja · 2.9 years on the scheme.
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
Pass
Top 10 holdings ≈ 32.4% 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+4.0%
- 3Y+7.0%
- 5Y+6.3%
- 10Y+6.9%
- SI+7.6%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+3.7%
- 3Y+6.1%
- 5Y+6.6%
- 10Y+6.7%
- Since inception
- +7.6%
- Calendar-day CAGR
- Excess 1Y
- -0.4%
- Category median, same plan and option
- 3Y win rate
- +27%
- Windows beating the median
- 3Y percentile
- 19
- Vs comparable share classes
- SIP 3Y XIRR
- +6.1%
- Simulated monthly SIP
- Worst rolling 3Y
- +4.7%
- 2614 daily-ending windows
- Median rolling 3Y
- +7.9%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 2131 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -2.4%
- Worst peak-to-trough
- Current
- -0.4%
- Below last peak
- Current spell
- 50 days
- Days below latest peak
- Time below peak
- +42%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 5 days
- 329 recovered episodes
- Longest recovery
- 58 days
- Trough to prior peak
6 Mar 2020 – 17 Apr 2020
Trough 23 Mar 2020 · recovered in 25 days
-2.4%
19 Jun 2013 – 18 Sept 2013
Trough 19 Aug 2013 · recovered in 30 days
-2.2%
5 Jan 2021 – 22 Apr 2021
Trough 16 Mar 2021 · recovered in 37 days
-1.0%
9 Apr 2018 – 22 Jun 2018
Trough 17 May 2018 · recovered in 36 days
-0.8%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
19
Vs category
48
Consistency
31
Risk-adjusted
88
Drawdown
94
Mean
56
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
- Three-year return sits below the 25th percentile of comparable share classes.
Supporting reads
- Risk-adjusted return sits above the documented risk-free proxy.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 82 holdings · top 10 are 32.4%.
- Top 5
- 20.6%
- Top 10
- 32.4%
- Largest holding
- 6.9%
- Effective holdings
- 46.6
Repo
Unspecified
6.9%
SHIVSHAKTI SECURITISATION TRUST SS TRUST PTC 15SEPT25
Unspecified
4.3%
HDFC Bank Ltd (15-Jan-2027)
Financial
4.1%
SIDDHIVINAYAK SECURITISATION TRUST SD TRUST PTC 15SEPT25
Unspecified
2.7%
STATE DEVELOPMENT LOAN 37154 KAR 04SP33 7.31 FV RS 100
Unspecified
2.6%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Groww Short Term Fund
Groww Mutual Fund
- 1Y
- +4.9%
- 3Y
- +7.4%
- Vol
- 1.0%
- Max DD
- -1.2%
- Sharpe
- 1.52
- 3Y win
- +33%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Mahindra Manulife Short Term Fund
Mahindra Manulife Mutual Fund
- 1Y
- +4.7%
- 3Y
- +7.5%
- Vol
- 0.9%
- Max DD
- -1.1%
- Sharpe
- 0.60
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Sundaram Short Term Fund (Formerly Known as Sundaram Short Duration Fund)
Sundaram Mutual Fund
- 1Y
- +4.6%
- 3Y
- +7.3%
- Vol
- 0.9%
- Max DD
- -0.7%
- Sharpe
- 0.78
- 3Y win
- +46%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Baroda BNP Paribas Short Term Fund (the scheme has 2 segregated portfolios)
Baroda BNP Paribas Mutual Fund
- 1Y
- +4.5%
- 3Y
- +7.3%
- Vol
- 1.2%
- Max DD
- -2.1%
- Sharpe
- 1.60
- 3Y win
- +63%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
HDFC Short Term Fund
HDFC Mutual Fund
- 1Y
- +4.3%
- 3Y
- +7.2%
- Vol
- 1.3%
- Max DD
- -2.7%
- Sharpe
- 1.45
- 3Y win
- +66%
- Lower volatility
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown