SBI MF introduces retirement benefit fund
Updated:
Updated:
Share Article
SBI Mutual Fund unveils retirement benefit plan
SBI Mutual Fund has unveiled SBI Retirement Benefit Fund offering four plans across risk profiles. The fund’s features include life cover subject to a maximum of ₹50 lakh per investor, option of two investment facilities of auto transfer to optimise retirement corpus and quarterly systematic withdrawal.
The fund offers four investment plans which includes Aggressive (equity-oriented), Aggressive Hybrid (equity-oriented), Conservation Hybrid (debt-oriented) and Conservative (debt-oriented).
In addition to equity and debt instruments, every plan may take up to 20% exposure to Gold ETFs, up to 10% exposure to REITs/InVITs and foreign securities, including overseas ETF to the tune of up to 35% in Aggressive Plan, up to 15% in Aggressive Hybrid Plan and Conservative Hybrid Plan and up to 10% in Conservative Plan.