SBI Mutual Fund Fixed Maturity Plan Calculation, Interest Rate, Return

SBI Mutual Fund Fixed Maturity Plan Calculation, Interest Rate, Return

SBI Mutual Fund was launched by the State Bank of India in 1987. It is one of India’s leading asset management companies with over $90 billion in assets under management. This company has recently introduced a new plan, known as the SBI Mutual Fund Fixed Maturity Plan. It can be an excellent pick for people looking for long-term investment. 

What is the SBI Fixed Maturity plan and when you can apply for it? Let’s find out. 

SBI Mutual Fund Fixed Maturity Plan

The SBI Mutual Fund fixed maturity plan was announced recently. This fixed-income plan came in the debt category. This SBI Fixed Maturity Plan (FMP)- Series 91 is available till 28 December 2023. The mutual fund company has introduced it as a closed-ended debt scheme. 

People, looking for capital growth as well as income in the scheme tenure, should invest in it. This mutual fund scheme is alluring users willing to invest in government securities, money market instruments, and debt. An investor can start investing in this mutual fund scheme with rupees 5,000. 

Plan and Options Offered

The SBI Mutual Fund is offering two plans, which are as follows:

• Direct Plan

It is available for investors, who purchase units through a registered investment advisor or with the Mutual Fund. This option remains closed for investors who rely on a distributor to route their investments. 

This option offers a lower expense ratio, but the investment objective, investment strategy, asset allocation pattern, facilities offered, risk factors, and load structure remain the same as the other plan. 

• Regular Plan

This investment option is available for investors, who route their investment through a distributor. 

What is the Objective of the SBI Mutual Fund Fixed Income Maturity Plan?

This 90-day SBI Mutual Fund fixed deposit scheme has been designed to provide investors with potential capital growth and a consistent income. It reduces the exposure to risk associated with interest rates. That goal is achievable by investing in a debt instruments portfolio, which matures the maturity date of the scheme earlier. 

Investors should beware that this scheme does not guarantee to achieve its objective. Therefore, investors should assess all details and risks before purchasing this new SBI Mutual Fund scheme. 

SBI Mutual Fund Fixed Maturity Plan Returns

While calculating SBI Fixed Maturity Plan returns, we have to assess previous SBI FMPs with similar tenors that have delivered returns in the range of 4-6% per annum. As shown in the table:

Optimistic Scenario

Rate per annum	6%
Amount	Rs. 5,000
90 days effective rate	1.47%
Amount at the end of tenor	Rs. 5,073.37

 

Pessimistic Scenario

Rate per annum	4%
Amount	Rs. 5,000
90 days effective rate	0.99%
Amount at the end of tenor	Rs. 5,049.27

 

Possible returns in the next quarter

CRISIL AAA Long Term Bond Index will be the tracking indict as per the official announcement of SBI

CRISIL AAA Long Term Bond Index	Returns
Returns in 3 months	1.60%
Returns in 6 months	2.15%
Returns in 1 year	6.56%
Returns in 3 years	4.52%
Returns in 5 years	8.08%

                                               

Final Conclusion

Amount invested	Rs. 5,000
Average return off all the possible scenarios	1.35%
Possible amount at the end	Rs. 5,067.50

 

SBI Mutual Fund Fixed Deposit Calculator

If you Invest Rs. 5000 for 3 years with an expected return of 2%, this Mutual Fund plan can help you earn up to Rs. 2,17,538.236. Check the following table of possible growth of capital to assess the rate of return.

Amount	Rate of return	Days remaining
Rs. 5,000.75	0.01%	90
Rs. 5,000.75	0.02%	89
Rs. 5,000.76	0.02%	88
Rs. 5,000.77	0.02%	87
Rs. 5,000.78	0.02%	86
Rs. 5,000.79	0.02%	85
Rs. 5,000.80	0.02%	84
Rs. 5,000.81	0.02%	83
Rs. 5,000.82	0.02%	82
Rs. 5,000.83	0.02%	81
Rs. 5,000.84	0.02%	80
Rs. 5,000.85	0.02%	79
Rs. 5,000.86	0.02%	78
Rs. 5,000.87	0.02%	77
Rs. 5,000.88	0.02%	76
Rs. 5,000.89	0.02%	75
Rs. 5,000.91	0.02%	74
Rs. 5,000.92	0.02%	73
Rs. 5,000.93	0.02%	72
Rs. 5,000.94	0.02%	71
Rs. 5,000.96	0.02%	70
Rs. 5,000.97	0.02%	69
Rs. 5,000.99	0.02%	68
Rs. 5,001.00	0.02%	67
Rs. 5,001.02	0.02%	66
Rs. 5,001.03	0.02%	65
Rs. 5,001.05	0.02%	64
Rs. 5,001.06	0.02%	63
Rs. 5,001.08	0.02%	62
Rs. 5,001.10	0.02%	61
Rs. 5,001.12	0.02%	60
Rs. 5,001.14	0.02%	59
Rs. 5,001.16	0.02%	58
Rs. 5,001.18	0.02%	57
Rs. 5,001.20	0.02%	56
Rs. 5,001.22	0.02%	55
Rs. 5,001.24	0.02%	54
Rs. 5,001.27	0.03%	53
Rs. 5,001.29	0.03%	52
Rs. 5,001.31	0.03%	51
Rs. 5,001.34	0.03%	50
Rs. 5,001.37	0.03%	49
Rs. 5,001.40	0.03%	48
Rs. 5,001.43	0.03%	47
Rs. 5,001.46	0.03%	46
Rs. 5,001.49	0.03%	45
Rs. 5,001.52	0.03%	44
Rs. 5,001.56	0.03%	43
Rs. 5,001.60	0.03%	42
Rs. 5,001.64	0.03%	41
Rs. 5,001.68	0.03%	40
Rs. 5,001.72	0.03%	39
Rs. 5,001.76	0.04%	38
Rs. 5,001.81	0.04%	37
Rs. 5,001.86	0.04%	36
Rs. 5,001.92	0.04%	35
Rs. 5,001.97	0.04%	34
Rs. 5,002.03	0.04%	33
Rs. 5,002.10	0.04%	32
Rs. 5,002.16	0.04%	31
Rs. 5,002.24	0.04%	30
Rs. 5,002.31	0.05%	29
Rs. 5,002.40	0.05%	28
Rs. 5,002.48	0.05%	27
Rs. 5,002.58	0.05%	26
Rs. 5,002.68	0.05%	25
Rs. 5,002.79	0.06%	24
Rs. 5,002.92	0.06%	23
Rs. 5,003.05	0.06%	22
Rs. 5,003.19	0.06%	21
Rs. 5,003.35	0.07%	20
Rs. 5,003.53	0.07%	19
Rs. 5,003.73	0.07%	18
Rs. 5,003.95	0.08%	17
Rs. 5,004.19	0.08%	16
Rs. 5,004.47	0.09%	15
Rs. 5,004.79	0.10%	14
Rs. 5,005.16	0.10%	13
Rs. 5,005.59	0.11%	12
Rs. 5,006.10	0.12%	11
Rs. 5,006.71	0.13%	10
Rs. 5,007.46	0.15%	9
Rs. 5,008.39	0.17%	8
Rs. 5,009.59	0.19%	7
Rs. 5,011.19	0.22%	6
Rs. 5,013.43	0.27%	5
Rs. 5,016.79	0.34%	4
Rs. 5,022.40	0.45%	3
Rs. 5,033.64	0.67%	2
Rs. 5,067.50	1.35%	1

 

What is the SBI Mutual Fund Fixed Maturity Plan Interest Rate?

Currently, there is no information available on the SBI Mutual Fund Fixed Maturity Plan interest rate. However, the fund offers 7.8% to 38.8% returns annually. Risk factor varies from moderate to very high. So, carefully check the risk associated with investing in the mutual fund before investing. 

What is a Fixed Maturity Plan in Mutual Fund?

Many people do not know what is fixed maturity plan in Mutual fund. The following characteristics describe a fixed maturity plan in mutual funds:

• These mutual fund plans have a stipulated lock-in period. It is a period during which investors cannot withdraw the fund from the chosen scheme. 
• Such funds generate returns through debt tools, including corporate and government bonds, treasury bills, non-convertible debentures, commercial papers, certificates of deposit, securitised debt instruments, and others. 
• While learning what is SBI Fixed Maturity Plan, you have learned it is a close-ended fixed maturity scheme. People, who wish to invest in such mutual fund plans, can subscribe to the new fund offer when the company announces it. Limited NAV units are offered, which the company trades in the share market. 
• It is only possible to obtain NAV units at the time of new fund offers. 

Go to an online SBI Fixed Maturity Plan Calculator to assess how much returns you can generate by investing in its latest Fixed Maturity Plan. It will answer most of your queries regarding the fund and returns it may deliver. 

8 Major Points to Know About SBI Mutual Fund

• The SBI Mutual Fund was established 36 years ago in 1987 with the goal of generating wealth for Indian investors. 
• The Mutual Fund Industry has been in India since 1963, but the SBI Mutual Fund became the country’s first non-UTI mutual fund. 
• SBI Funds Management Private Limited manages assets for the SBI Mutual Fund company. 
• The SBI Mutual Fund has a total asset under management of Rs. 5.5 Lakh Crore. 
• SBI Mutual Fund Limited currently offers 59 funds for investment. 
• Investors get equity funds, debt funds, and hybrid funds to invest their money and make a profit. 
• The SBI Mutual Fund remains India’s top Mutual Fund House based on factors, such as performance history, fund size, expense ratio, fund management, etc. 
• Over 5.4 million investors trust SBI mutual funds to grow their investments and deliver better returns. 

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Frequently Asked Questions

Q: How to carry out SBI Mutual Fund fixed maturity plan calculation?

A: Use the online SBI mutual fund calculator to calculate returns and other required details. 

Q: Are SBI Mutual Fund schemes reliable?

A: The company specializes in managing both offshore and domestic funds, its equity schemes got a crisis rating of over 3, and that’s why it is reliable. 

Q: Who should buy the SBI Mutual Fund Fixed Maturity Plan?

A: Investors willing to invest in money market instruments and debt should consider investing in the SBI Mutual Fund’s Fixed Maturity Plan Series 91. 

Q: What is the minimum investment required to invest in the SBI Mutual Fund Fixed Maturity Plan?

A: The investor has to invest 5,000 rupees at least to invest in SBI Mutual Fund’s 90-day Fixed Maturity Plan. 

Q: Are mutual funds risky investments?

A: Mutual funds do not offer guaranteed or stable returns. Therefore, they are considered risky investments, but millions of people gain impressive returns by investing smartly. 

Q: What is the official website of SBI Mutual Fund Fixed Maturity Plan?

A: People can explore to know for to visit the SBI Mutual Fund Fixed Maturity Plan official website here.

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Conclusion

The SBI Mutual Fund Fixed Maturity Plan has drawn thousands of investors seeking good returns. Assess all factors related to this mutual fund scheme and then decide whether you wish to invest in it or not. It can be a beneficial investment if you carefully assess risks and the rate of return before making an investment.