SBI Floating Interest Rates Fund

FloaterDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

SBI Floating Interest Rates Fund is a Floater fund run by SBI Mutual Fund. On 30-09-2026, it managed ₹676 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 7.3% a year and its Regular plan returned 7.2% a year. Its benchmark, NIFTY Short Duration Debt Index A-II, returned 6.6% a year over the same 3 years.

NAV (Direct plan): ₹14.51; ▼ 0.01%30-10-2026
NAV (Regular plan): ₹14.35; ▼ 0.01%30-10-2026
Expense ratio: 0.28%Direct0.42%Regular; 0.28%; A year
Riskometer: Not available; Set by the fund house
3 year return: 7.3%Direct7.2%Regular; 7.3%; A year

SBI Floating Interest Rates Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹14.51 (down 0.01% that day); Regular Plan Growth ₹14.35 (down 0.01% that day).

This fund (Direct plan)

₹14.5128

SBI Floating Interest Rates Fund Returns vs NIFTY Short Duration Debt Index A-II

Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

Trailing returns
Period	1M	3M	6M	1Y	3Y	5Y	10Y
This fund (Direct)	+0.14%	+0.57%	+2.90%	+6.14%	+7.33%	+6.68%	--
This fund (Regular)	+0.13%	+0.53%	+2.82%	+5.99%	+7.15%	+6.49%	--
NIFTY Short Duration Debt Index A-II	+0.14%	+0.49%	+2.66%	+4.41%	+6.61%	+5.84%	--
Floater average	−0.01%	+0.56%	+2.76%	+5.43%	+7.47%	+6.73%	--
Best in Floater	+0.19%	+0.99%	+3.44%	+6.14%	+8.24%	+7.15%	--
Worst in Floater	−0.41%	−0.05%	+2.46%	+4.41%	+6.95%	+6.31%	--
Rank in Floater	3/12	6/12	3/12	1/12	8/12	7/12	--

Category rows compare the Direct plans of 12 Floater funds. Rank 1 is the highest return. The benchmark row is as on 30-09-2026, as NSE published it.

SBI Floating Interest Rates Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular
2026to date	+5.31%	+5.18%
2025	+7.09%	+6.93%
2024	+8.40%	+8.18%
2023	+7.75%	+7.54%
2022	+4.53%	+4.32%
2021	+3.72%	+3.50%

SBI Floating Interest Rates Fund Rolling Returns

The return of every holding period in the fund's history, not only the one that ends today

Rolling returns

Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 730 periods, one for each trading day from 06-11-2023 to 30-10-2026.

0%2%4%6%8%10%

Feb 2021
to
Feb 2024Aug 2021
to
Aug 2024Feb 2022
to
Feb 2025Aug 2022
to
Aug 2025Feb 2023
to
Feb 2026Aug 2023
to
Aug 2026

SBI Floating Interest Rates Fund (Direct)Category average, 12 Floater funds

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	1,216	7.0%	3.0%	9.2%	0%	7.5%	39%
2 years	974	7.5%	4.0%	8.8%	0%	7.7%	22%
3 years	730	7.4%	5.3%	8.1%	0%	7.6%	20%
5 years	243	6.6%	6.2%	6.8%	0%	6.7%	0%

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	60	7.0%	2.9%	9.4%	0%	7.5%	45%
2 years	48	7.2%	3.9%	8.9%	0%	7.5%	31%
3 years	36	7.5%	6.1%	8.6%	0%	7.7%	28%

Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat category" counts the periods in which the fund did better than the average of the 12 Floater funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.

SBI Floating Interest Rates Fund Risk

How much it swings, and the falls an investor had to sit through

Risk and return

Measure	SBI Floating Interest Rates Fund (Direct)This fund	Category average
Return (CAGR)	+6.14%	+5.43%
Standard deviation	1.24%	0.90%
Sharpe ratio	0.73	0.20
Sortino ratio	1.18	0.29
Maximum drawdown	−0.58% (25-03-2026)	−0.32% (21-05-2026)

From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Measure	SBI Floating Interest Rates Fund (Direct)This fund	Category average
Return (CAGR)	+7.33%	+7.47%
Standard deviation	0.90%	0.76%
Sharpe ratio	1.46	1.92
Sortino ratio	2.38	3.05
Maximum drawdown	−0.58% (25-03-2026)	−0.32% (21-05-2026)

From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Measure	SBI Floating Interest Rates Fund (Direct)This fund	Category average
Return (CAGR)	+6.68%	+6.73%
Standard deviation	0.81%	0.71%
Sharpe ratio	1.09	1.32
Sortino ratio	1.68	1.99
Maximum drawdown	−0.58% (25-03-2026)	−0.51% (06-05-2022)

From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Measure	SBI Floating Interest Rates Fund (Direct)This fund	Category average
Return (CAGR)	+6.38%	+6.44%
Standard deviation	0.79%	0.69%
Sharpe ratio	1.28	1.57
Sortino ratio	1.97	2.37
Maximum drawdown	−0.58% (25-03-2026)	−0.51% (06-05-2022)

From daily NAVs, 04-11-2020 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Drawdowns

How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.

−0.6%−0.5%−0.4%−0.3%−0.2%−0.1%0%

202120222023202420252026

SBI Floating Interest Rates Fund (Direct)Category average, 12 Floater funds

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
SBI Floating Interest Rates Fund (Direct)	−0.58%	16-03-2026	25-03-2026	24-04-2026	30 days	−0.01%
Category average	−0.51%	02-05-2022	06-05-2022	01-07-2022	56 days	−0.09%

From the Direct plan's daily NAV since 04-11-2020, adjusted for unit splits, and the average of the 12 Floater funds (Direct plans, each weighted the same) over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

SBI Floating Interest Rates Fund vs Other Floater Funds

The five Floater funds with the best three year return, and this fund. Direct plans.

Fund name	Rank	AUM (Cr)	Exp. ratio	1Y return	3Y return	3Y alpha	3Y beta	3Y Sharpe	3Y Sortino
Axis Floating Interest Rates Fund	1/12	149	0.22%	+6.06%	+8.24%	--	--	1.07	1.58	Compare
Franklin India Floating Interest Rates Fund	2/12	256	0.38%	+5.89%	+7.92%	--	--	2.37	4.00	Compare
Bandhan Floating Interest Rates Fund	3/12	224	0.14%	+5.91%	+7.65%	--	--	1.66	2.57	Compare
ICICI Prudential Floating Interest Rates Fund	4/12	8,658	0.29%	+5.56%	+7.53%	--	--	1.95	3.11	Compare
Kotak Floating Interest Rates Fund	5/12	3,240	0.24%	+5.05%	+7.49%	--	--	1.91	2.98	Compare
SBI Floating Interest Rates Fund	8/12	676	0.28%	+6.14%	+7.33%	--	--	1.46	2.38

AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.

SBI Floating Interest Rates Fund Expense Ratio and Costs

What each plan charges a year, in force from 01-09-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio	Floater median	Cost rank (1 = cheapest)
Direct	0.22%	0.01%	0.01%	0.04%	0.28%	0.28%	7/12
Regular	0.34%	0.01%	0.01%	0.06%	0.42%	0.64%	1/12

The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Floater funds' plans of the same type are sorted from the lowest total expense ratio to the highest.

Direct vs Regular: what the gap cost

Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.

Over the last	Regular	Direct	Direct earned more by	₹1 lakh became (Regular)	₹1 lakh became (Direct)
1 year	5.99%	6.14%	0.15%	₹1,05,990	₹1,06,140
3 years	7.15%	7.33%	0.18% a year	₹1,23,020	₹1,23,641
5 years	6.49%	6.68%	0.19% a year	₹1,36,944	₹1,38,170

Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.

SBI Floating Interest Rates Fund SIP Calculator

What a one-time or monthly investment in this fund would be worth today, from its own NAV history

Growth of an investment

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 04-11-2020 to 30-10-2026: 72 instalments, ₹7,20,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planSBI Floating Interest Rates Fund (Direct)	₹7,20,000	₹8,86,721	₹1,66,721	6.9%
Regular planSBI Floating Interest Rates Fund (Regular)	₹7,20,000	₹8,81,739	₹1,61,739	6.7%
Category averageCategory average, 12 Floater funds	₹7,20,000	₹8,87,819	₹1,67,819	6.9%

₹0₹2.0 L₹4.0 L₹6.0 L₹8.0 L₹10.0 L

202120222023202420252026

Direct planSBI Floating Interest Rates Fund (Direct)Regular planSBI Floating Interest Rates Fund (Regular)Category averageCategory average, 12 Floater fundsAmount invested

From each plan's published NAV (Growth option) and the category average, over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.

SBI Floating Interest Rates Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

94.6%Debt

Asset	Fund	Category
Debt	94.6%	93.1%
Cash and others	5.4%	6.9%

Credit rating

Bonds and money market papers by credit rating, % of the fund. Category: the average of 12 Floater funds.

Rating	Fund	Category
Sovereign	34.9%	20.1%
AAA and A1+	59.7%	63.2%

SBI Floating Interest Rates Fund Portfolio Holdings

As on 30-09-2026 · 18 holdings · from the fund house's monthly portfolio

Holdings	Rating	Weight%
6.84% State Government of Gujarat 2031 · State government security	Sovereign	11.52%
7.57% State Government of Gujarat 2031 · State government security	Sovereign	7.42%
National Bank for Agriculture and Rural Development · Bond	[ICRA]AAA	7.40%
Axis Bank Ltd.	CRISIL A1+	7.30%
Sundaram Finance Ltd. · Commercial paper	CRISIL A1+	7.23%
Punjab National Bank · Certificate of deposit	CRISIL A1+	7.18%
7.00% State Government of Tamil Nadu 2031 · State government security	Sovereign	6.53%
Bank of Baroda · Certificate of deposit	IND A1+	6.51%
Bharti Telecom Ltd. · Bond	CRISIL AAA	5.87%
Canara Bank · Certificate of deposit	CRISIL A1+	5.78%
TATA Capital Ltd. · Bond	[ICRA]AAA	4.45%
Aditya Birla Housing Finance Ltd. · Bond	CRISIL AAA	4.41%
6.94% CGL 2036 · Government security	Sovereign	3.64%
6.84% State Government of Gujarat 2031 · State government security	Sovereign	3.61%
Small Industries Development Bank of India · Certificate of deposit	CRISIL A1+	3.60%
6.01% CGL 2030 · Government security	Sovereign	1.44%
Corporate Debt Market Development Fund-A2	CDMDF	0.88%
7.02% CGL 2031 · Government security	Sovereign	0.74%

SBI Floating Interest Rates Fund Portfolio Overlap

Funds with the most similar portfolios, across every fund house and category

Fund	Overlap	Holdings in common
TRUSTMF Money Market FundMoney Market · Trust	11.5%	3	Compare
DSP Floating Interest Rates FundFloater · DSP	10.4%	3	Compare

Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.

SBI Floating Interest Rates Fund Overview

Fund facts from the scheme summary document

Expense ratio (Direct): 0.28%
Expense ratio (Regular): 0.42%
Category: Floater
Risk: Not available
Benchmark: Not available
Launch date: Not available
Minimum investment: Not available
Minimum additional investment: Not available
AUM: ₹675.98 Cr (30-09-2026)
Lock in: Not available
Scheme code (Direct): 148550
ISIN (Direct): INF200KA1R64
Scheme code (Regular): 148543
ISIN (Regular): INF200KA1R15
NAV history: From 04-11-2020, 6.0 years

Exit load: Not available

Tax on SBI Floating Interest Rates Fund returns

SBI Floating Interest Rates Fund is taxed as a debt fund: 65% or more of it is in bonds and money market papers.
For units bought on or after 01-04-2023, the gain is added to your income and taxed at your slab rate, however long you hold the units.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.

Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.

All plans and options

Plan	Option	NAV	As on
direct	Growth	₹14.5128	30-10-2026
direct	IDCW	₹14.5119	30-10-2026
direct	IDCW	₹14.5133	30-10-2026
regular	Growth	₹14.3521	30-10-2026
regular	IDCW	₹14.3558	30-10-2026
regular	IDCW	₹14.3531	30-10-2026

About SBI Floating Interest Rates Fund

SBI Floating Interest Rates Fund is a mutual fund from SBI Mutual Fund. Its category is Floater. At the end of September 2026 it held 18 securities.

Fund Manager

Not available

See all funds of SBI Mutual Fund

AUM change

September 2026: ₹675.98 Cr; −1.81% from August 2026
August 2026: ₹688.44 Cr; +0.50% from July 2026
July 2026: ₹685.02 Cr; +1.52% from June 2026

AUM moves with money invested or taken out, and with the value of what the fund holds.

Compare SBI Floating Interest Rates Fund with Other Funds

Returns, risk, costs and the stocks they share, side by side

Compare with any other fund

Frequently Asked Questions for SBI Floating Interest Rates Fund

What is the current NAV of SBI Floating Interest Rates Fund?

The Direct plan NAV is ₹14.5128. The Regular plan NAV is ₹14.3521, as on 30-10-2026.

What are the returns of SBI Floating Interest Rates Fund?

The Direct plan returned +6.14% in 1 year, +7.33% a year over 3 years, +6.68% a year over 5 years. The Regular plan returned +5.99% in 1 year, +7.15% a year over 3 years, +6.49% a year over 5 years. These figures are as on 30-10-2026.

What is the expense ratio of SBI Floating Interest Rates Fund?

The Direct plan charges 0.28% a year. The Regular plan charges 0.42% a year. This is the figure the fund house reported to AMFI, in force from 01-09-2026.

What is the AUM of SBI Floating Interest Rates Fund?

SBI Floating Interest Rates Fund managed ₹675.98 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of SBI Floating Interest Rates Fund?

At the end of September 2026 the largest holdings were 6.84% State Government of Gujarat 2031 (11.52%), 7.57% State Government of Gujarat 2031 (7.42%), National Bank for Agriculture and Rural Development (7.40%), Axis Bank Ltd. (7.30%), Sundaram Finance Ltd. (7.23%). The fund held 18 securities in all.

How do I invest in SBI Floating Interest Rates Fund?

Through SBI Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. You can invest once or through a monthly SIP.

How has SBI Floating Interest Rates Fund performed against its benchmark?

Its benchmark is NIFTY Short Duration Debt Index A-II. The Direct plan returned +6.68% a year over 5 years. The benchmark returned +5.84% a year over 5 years.

How does SBI Floating Interest Rates Fund rank in its category?

The Direct plan ranks 8 of 12 Floater funds by its 3 year return. The category average is +7.47% a year.

Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document.

This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.