COMPARE
SBI Fixed Maturity Plan (FMP) - Series 34 (3682 Days) - Direct Plan - Growth vs SBI Fixed Maturity Plan (FMP)- Series 61 (1927 Days)- Direct Plan- Growth option
SBI Fixed Maturity Plan (FMP) - Series 34 (3682 Days) and SBI Fixed Maturity Plan (FMP)- Series 61 (1927 Days)- are both in the Income category, from SBI Funds Management Limited. SBI Fixed Maturity Plan (FMP)- Series 61 (1927 Days)- has posted a higher 3-year rolling CAGR. SBI Fixed Maturity Plan (FMP) - Series 34 (3682 Days) has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
SBI Fixed Maturity Plan (FMP) - Series 34 (3682 Days) has the lower direct-plan expense ratio, by 0.08 percentage points.
| SBI Fixed Maturity Plan (FMP) - Series 34 (3682 Days) - Direct Plan - Growth | SBI Fixed Maturity Plan (FMP)- Series 61 (1927 Days)- Direct Plan- Growth option | |
|---|---|---|
| Category | Income | Income |
| AMC | SBI Funds Management Limited | SBI Funds Management Limited |
| Benchmark | CRISIL Long Duration Debt A-III Index | CRISIL Medium to Long Duration Debt A-III Index |
| NAV | ₹14.791 (2026-10-28) | ₹13.3974 (2026-10-28) |
| AUM | ₹29.719 Cr | ₹366.855 Cr |
| Expense Ratio (Direct) | 0.13% | 0.21% |
| Inception | 2020-04-23 | 2022-03-15 |
Returns
SBI Fixed Maturity Plan (FMP)- Series 61 (1927 Days)- leads on 3-year rolling CAGR (7.8% vs SBI Fixed Maturity Plan (FMP) - Series 34 (3682 Days)'s 6.7%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
Risk metrics aren't shown for debt funds. Their NAV starts near Rs 10 and compounds steadily, so CAGR, beta and drawdown measure the arithmetic rather than the manager.
Portfolio Analytics
SBI Fixed Maturity Plan (FMP) - Series 34 (3682 Days) carries the higher portfolio YTM.
Punji Fund Health Score
SBI Fixed Maturity Plan (FMP)- Series 61 (1927 Days)- has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a higher 3-year return, SBI Fixed Maturity Plan (FMP) - Series 34 (3682 Days) or SBI Fixed Maturity Plan (FMP)- Series 61 (1927 Days)-?
SBI Fixed Maturity Plan (FMP)- Series 61 (1927 Days)-'s 3-year rolling CAGR of 7.8% is higher than SBI Fixed Maturity Plan (FMP) - Series 34 (3682 Days)'s 6.7%. SBI Fixed Maturity Plan (FMP)- Series 61 (1927 Days)- sits in the 86th percentile of its category on this metric, versus the 14th percentile for SBI Fixed Maturity Plan (FMP) - Series 34 (3682 Days) - though note both funds may belong to different categories with different medians, so a raw CAGR comparison doesn't account for how each fund performed relative to its own peers. A higher historical return also doesn't necessarily mean lower risk; check the risk metrics below before concluding either fund is the "better" choice.
Which has a lower expense ratio, SBI Fixed Maturity Plan (FMP) - Series 34 (3682 Days) or SBI Fixed Maturity Plan (FMP)- Series 61 (1927 Days)-?
SBI Fixed Maturity Plan (FMP) - Series 34 (3682 Days)'s direct-plan expense ratio is 0.08 percentage points lower than SBI Fixed Maturity Plan (FMP)- Series 61 (1927 Days)-'s. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Why don't SBI Fixed Maturity Plan (FMP) - Series 34 (3682 Days) and SBI Fixed Maturity Plan (FMP)- Series 61 (1927 Days)- show risk metrics like Sharpe ratio or alpha?
Risk metrics aren't shown for debt funds. Their NAV starts near Rs 10 and compounds steadily, so CAGR, beta and drawdown measure the arithmetic rather than the manager. This is a deliberate methodology choice, not missing data - risk metrics like alpha and Sharpe ratio are most meaningful for actively-managed funds where a manager makes decisions that can add or subtract value versus a benchmark. For a fund that mechanically tracks an index, the equivalent useful metric is tracking error (how closely it follows its index), not alpha.
Which has higher AUM, SBI Fixed Maturity Plan (FMP) - Series 34 (3682 Days) or SBI Fixed Maturity Plan (FMP)- Series 61 (1927 Days)-?
SBI Fixed Maturity Plan (FMP)- Series 61 (1927 Days)- has ₹367 Cr in assets under management, versus ₹30 Cr for SBI Fixed Maturity Plan (FMP) - Series 34 (3682 Days). A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which has a higher yield to maturity (YTM), SBI Fixed Maturity Plan (FMP) - Series 34 (3682 Days) or SBI Fixed Maturity Plan (FMP)- Series 61 (1927 Days)-?
SBI Fixed Maturity Plan (FMP) - Series 34 (3682 Days)'s portfolio YTM (7.373%) is higher than SBI Fixed Maturity Plan (FMP)- Series 61 (1927 Days)-'s. YTM is the weighted-average return a debt fund's current bond holdings would earn if held to maturity, assuming no defaults and coupons reinvested at the same rate - a useful forward-looking yield estimate for debt funds the way rolling CAGR is for equity funds, though it's an estimate based on today's portfolio, not a guaranteed return, and can move as bonds are bought/sold or as interest rates change.
Which fund has a longer track record, SBI Fixed Maturity Plan (FMP) - Series 34 (3682 Days) or SBI Fixed Maturity Plan (FMP)- Series 61 (1927 Days)-?
SBI Fixed Maturity Plan (FMP) - Series 34 (3682 Days) launched on 2020-04-23, making it older than SBI Fixed Maturity Plan (FMP)- Series 61 (1927 Days)- (launched 2022-03-15). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.