NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹13.77
0.06%
NAV as on 18 Feb 26, 12:00 AM
low to moderate risk
floating rate
debt
NAV as on 18 Feb 26, 12:00 AM
low to moderate risk
floating rate
debt
6.84%p.a.
Last 1Y
7.61%p.a.
Last 3Y
6.19%p.a.
Last 5Y
6.21%p.a.
Since Inception
About SBI Floating Rate Debt Fund - Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the SBI Floating Rate Debt Fund - Growth scheme from SBI Mutual Fund. It is a Floating Rate mutual fund scheme that predominantly invests in Floating Rate stocks of companies. Launched on Oct 2020, SBI Floating Rate Debt Fund - Growth is Floating Rate fund of its category with 730.64 Cr fund under management as on Feb 2026. The expense ratio of this fund is less than that of most other Fund category Floating Rate funds.
- SBI Floating Rate Debt Fund - Growth delivered 6.8% annual returns during the last year. It has delivered 6.2% average annual returns since the fund was launched.
- SBI Floating Rate Debt Fund - Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in debt
Fund Objective
The investment objective of the scheme is to generate regular income through investment in a portfolio comprising substantially of floating rate debt instruments. The scheme may invest a portion of its net assets in fixed rate debt securities swapped for floating rate returns and money market instruments. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved. The scheme doesn’t assure or guarantee any returns
Top 10 Holdings
Repo
8.38%
Net Receivables
1.34%
Cash Margin
54.75%
CENTRAL GOVERNMENT LOAN 20388 GOI 07DC31 FLT FV RS 100
2.80%
FULLERTON INDIA HOME FINANCE COMPANY LIMITED SR 23 8.35 NCD 15MY26 FVRS1LAC
1.37%
Others Class A2 AIF
0.78%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR F24 7.68 BD 30AP29 FVRS1LAC
2.66%
HDB FINANCIAL SERVICES LIMITED SR 208 8.3324 NCD 10MY27 FVRS1LAC
3.19%
PIPELINE INFRASTRUCTURE LIMITED SR 1 7.96 NCD 11MR27 FVRS1LAC
6.61%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 25A 7.70 BD 30SP27 FVRS1LAC
3.28%
Fund Managers
- Rajeev Radhakrishnan (Oct 2020 - Present)
- Ardhendu Bhattacharya (Jun 2021 - Present)
- Pradeep Kesavan (Dec 2023 - Present)
Key Information
View Scheme Document
SBI Floating Rate Debt Fund - Growth SIP Calculator
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NRI Mutual Fund Tax on SBI Floating Rate Debt Fund - Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in SBI Floating Rate Debt Fund - Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in SBI Floating Rate Debt Fund - Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
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