The scheme seeks 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.
Exit Load0.10%
Stamp duty on investment0.005% (from July 1st, 2020)
Tax implicationsReturns are taxed as per your income tax slab.
Pradeep Kesavan
Mr. Kesavan has done B.Com, MBA (Finance) and CFA
Prior to joining SBI MF, he has worked with Elara Capital, Accenture Strategy, Morgan Stanley and 3i Infotech
Common questions about this fund, answered from scheme data
The latest Net Asset Value (NAV) of SBI Floating Interest Rates Fund is ₹14.31 as of 2026-08-25.
SBI Floating Interest Rates Fund is classified as a Floater fund.
The Assets Under Management (AUM) of SBI Floating Interest Rates Fund is ₹685.02 Cr.
The expense ratio of SBI Floating Interest Rates Fund is 0.43%.
SBI Floating Interest Rates Fund is managed by Pradeep Kesavan.
The minimum SIP investment for SBI Floating Interest Rates Fund is ₹500.
The exit load for SBI Floating Interest Rates Fund is 0.1%.
As per the SEBI Riskometer, SBI Floating Interest Rates Fund carries a Moderate risk level.
SBI Floating Interest Rates Fund has delivered 6.51% (1Y), 7.5% (3Y) and 6.57% (5Y) annualised returns as of 2026-08-25.
SBI Floating Interest Rates Fund was launched on 1987-06-29.
Open an account with Indiabulls Securities, complete your KYC, and invest via SIP or a one-time lumpsum through our platform.
A Systematic Investment Plan (SIP) lets you invest a fixed amount at regular intervals (e.g., monthly) instead of a single lumpsum.
There is no separate brokerage on mutual fund units. The AMC charges an expense ratio, which is already reflected in the NAV. An exit load may apply if you redeem before the specified period.
Mutual fund NAVs are declared once per business day after market close, in line with SEBI norms.
The FAQs above are generated from data provided by the AMC and are for educational purposes only. They do not constitute financial advice, buy/sell recommendations, or return guarantees. Mutual fund investments are subject to market risks — read all scheme-related documents carefully before investing. Past performance is not indicative of future returns.
