SBI Mutual Fund launches SBI Retirement Benefit Fund

Mutual Fund
Jan 20, 2021 by Advisorkhoj Team | Mutual Fund | 19 Downloaded

NFO period: 20th January – 03rd February, 2021

Highlights of the NFO:

  • Scheme type – An open-ended retirement solution oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier)

  • Investment objective – The investment objective of the scheme is to provide a comprehensive retirement saving solution that serves the variable needs of the investors through long term diversified investments in major asset classes. However, there can be no assurance that the investment objective of the scheme will be realized.

  • Product suitability –

    • SBI Retirement Benefit Fund – Aggressive Plan: The product is suitable for investors who are seeking long term capital appreciation by investing predominantly in equity and equity related instruments.

    • SBI Retirement Benefit Fund – Aggressive Hybrid Plan: The product is suitable for investors who are seeking long term capital appreciation by investing predominantly in equity and equity related instruments & balance in debt and money market instruments.

    • SBI Retirement Benefit Fund – Conservative Hybrid Plan: The product is suitable for investors who are seeking long term capital appreciation by investing predominantly in debt and money market instruments & balance in equity and equity related instruments.

    • SBI Retirement Benefit Fund – Conservative Plan: The product is suitable for investors who are seeking Long term capital appreciation by investing predominantly in debt and money market instruments & remaining in equity and equity related instruments.

  • Minimum Application Amount – First investment is Rs.5000/- and in multiples of Rs.1/- thereafter

  • Plan/ Options available – Direct Plan and Regular Plan having Growth Option and Dividend Option with Payout & Transfer of Dividend is available.

  • Fund Manager – Mr. Dinesh Ahuja (for debt portion), Mr. Gaurav Mehta (for equity portion) and Mr. Mohit Jain (for overseas investments)

  • Benchmark – Each Plan will have different benchmark.

    • Aggressive Plan: S&P BSE 500 TRI

    • Aggressive Hybrid Plan: CRISIL Hybrid 35+65 - Aggressive Index

    • Conservative Hybrid Plan: CRISIL Hybrid 65+35 - Conservative Index

    • Conservative Plan: NIFTY Composite Debt Index

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)

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