Quick Answer: Which Is Best SBI Debt Fund?

What is SBI Debt Fund Series?

SBI Debt Fund Series C – 30 (1228 Days) is a Fixed Maturity Plans fund and belongs to SBI Mutual Fund.

It was launched on 03-Dec-2018 and currently has an AUM of ₹570.50 crore.

The SBI Debt Fund Series C – 30 (1228 Days) is managed by Ranjana Gupta ..

Are debt funds tax free?

Long term capital gains upto Rs 1 Lakh is totally tax free. … Short term capital gains (if the units are sold before three years) in debt mutual funds are taxed as per applicable tax rate of the investor. Therefore, if your tax rate is 30% then short term capital gains tax on debt fund is 30% + 4% cess.

Which is better SIP or lump sum?

If you are an investor with a small but regular amount of money available for investment, SIPs can be a more suitable investment option. For investors with a relatively high investment amount and risk tolerance, lump-sum investments may be more beneficial.

Is SBI Debt Fund Safe?

Capital Appreciation: Investing in SBI MF can give you a Capital appreciation for low-risk investments as well high-risk investments depending on the fund you wish to invest. Safety: The mutual fund schemes by SBI are one of the country’s trusted and reliable fund schemes.

Which debt fund is best?

The table below shows the best-performing debt funds based on the last 5-year returns:Fund3-Year PerformanceAditya Birla Sun Life CEF – Global Agri Plan – Growth-Direct Plan10.01 %ICICI Prudential All Seasons Bond Fund – Direct Plan – Growth9.98 %SBI Magnum Constant Maturity Fund – Direct Plan – Growth9.95 %7 more rows

Is SBI Mutual Fund Tax Free?

When you invest in SBI MF ELSS Funds, you become eligible for a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act. In this, the amount invested by you gets deducted from your taxable income.

How can I invest in SBI Debt?

Investors who wish to invest can invest in these funds and generate steady income by taking advantage of the debt markets….2. SBI Magnum Medium Duration Fund.SBI Magnum Medium Duration Fund GrowthLaunch Date12 Nov 03Alpha Ratio0Min Investment5,000Min SIP Investment50013 more rows•Jun 1, 2021

How do I choose a debt fund?

Choose a debt fund whose duration matches your financial needs. Liquid and overnight funds carry the lowest credit risk, ultra short term to short term funds are moderately riskier, and the long duration funds carry the highest risk amongst the debt funds.

How do I calculate my taxable debt?

Any interest earned on debt funds that are held for more than 3 years is counted under Long-Term Capital Gain. The applicable taxation rate in this case is 20% with indexation plus 3% cess which comes down to 20.90%. For example: Sunil is an employee in the IT sector. He earns a salary of Rs.

How debt fund is better than FD?

Why are debt funds better than fixed deposits? Debt funds are tax-efficient as compared to fixed deposits. … It makes it tax-efficient as compared to bank fixed deposits. Debt funds are tax-efficient as compared to bank FDs if you fall in the higher income tax bracket and have an investment horizon above three years.

Do debt funds have lock in period?

Debt funds are very liquid, and can be redeemed easily, usually within one or two working days of placing the redemption request. Unlike bank fixed deposits or recurring deposits, there is no lock-in period.

Is it good to invest in debt funds?

Debt funds are ideal for achieving short term financial goals: Debt funds can be suitable for meeting short term goals . … Debt mutual funds have low risk ratio: Since these funds invest in fixed income securities, investing in debt mutual funds is considered to be far less risky.

Which SBI Mutual Fund is best for short term?

Best Performing SBI Mutual Fund Schemes for SIP InvestmentFund Name1 Year Return5 years ReturnsSBI Magnum Multi-cap Fund10.84%24.88%SBI Magnum Tax Gain Fund7.46%19.97%SBI Short Term Debt Fund4.17%8.28%SBI Small and Midcap Fund20.93%37.45%8 more rows

Which SIP is best for 5 years?

Best SIP Plans for 5 Years in Equity FundsAxis Bluechip Fund Monthly SIP Plan. This is an open-ended equity scheme with a track record of outperformance. … ICICI Prudential Blue chip Fund. … SBI Blue chip Fund. … Mirae Asset Large Cap Fund. … SBI Multicap Fund.Apr 14, 2021

Which bank is best for SIP?

Top SIP Mutual Funds in IndiaSIP PlansType5 YearHDFC Prudence Fund(G)Balanced Fund16.56%HDFC Small Cap FundEquity Fund24.31%ICICI Prudential Balanced Advantage FundBalanced Fund14.39%ICICI Prudential Equity & Debt FundEquity Fund17.48%27 more rows

What is Blue Chip Fund?

A BlueChip Fund is an equity plan that aims to provide possibilities for investors to create wealth to assist them to achieve their economic objectives. … And that’s why most of these stocks are less volatile compared to the lower market players and investors prefer them for their stability over the smaller companies.

Which is the best SBI SIP plan?

The SIP plans offered by SBI Mutual Fund is a great way to save a certain amount on a regular Basis like weekly/monthly/quarterly….1. SBI Small Cap Fund.SBI Small Cap Fund GrowthLaunch Date9 Sep 09Net Assets (Cr)₹7,919 on 30 Apr 21CategoryEquity – Small CapAMCSBI Funds Management Private Limited13 more rows•Jun 1, 2021

Which mutual fund is better than FD?

In terms of risk, a FD is a better option as it carries zero risk. In terms of returns, a mutual fund has an upper hand. Do we get interest on mutual funds? No, you get returns on mutual funds based on the performance of the fund in the market and sector it has invested in.

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