Updated Jan 21, 2021 | 07:30 IST
This fund is an open-ended, retirement solution-oriented scheme where the investment amount is locked in for five years or until retirement, whichever is earlier. Representational image
New Delhi: The new fund offer (NFO) of SBI Retirement Benefit Fund opened on January 20. The investment objective of the scheme is to provide a comprehensive retirement saving solution that serves different needs of the investors through long term diversified investments in major asset classes such as equity, debt, gold etc. The NFO closes on February 3, 2021. Here are 10 things investors should know about the SBI Retirement Benefit Fund.
1) This fund is an open-ended, retirement solution-oriented scheme where the investment amount is locked in for five years or until retirement (i.e. completion of 65 years), whichever is earlier. No investor above the age of 65 years will be allowed to subscribe to the scheme.
SBI Retirement Benefit Fund launch today; offers free term cover with SIPs
If you are looking for hassle free retirement planning with a disciplined approach to it, SBI Retirement Benefit Fund could be a good option. The five-year lock-in will ensure that you stay committed to your retirement goal
KEY HIGHLIGHTS
The scheme will have a lock-in period of 5 years
The scheme will have some exposure in foreign equities, gold ETFs and REITs/InVITs
Available in four variants - Aggressive, Aggressive Hybrid, Conservative Hybrid and Conservative
Auto transfer of investments in safer assets as per growing age
A term insurance of up to Rs 50 lakh if you start SIPs
SBI Mutual Fund to launch SBI Retirement Benefit Fund
SBI Mutual Fund to launch SBI Retirement Benefit Fund
Kolkata, Jan 19:SBI Mutual Fund has announced the SBI Retirement Benefit Fund, a solution-oriented fund that offers four plans across risk profiles offering a comprehensive value proposition in terms of exclusive features like life cover up to a maximum of Rs. 50 lakh per investor, option of two investment facilities of auto transfer to help optimise the retirement corpus and my choice, and quarterly systematic withdrawal facility (post applicable lock-in of five years of attainment of retirement age, whichever lower).
The fund offers four investment plans Aggressive (equity-oriented), Aggressive Hybrid (equity-oriented), Conservation Hybrid (debt-oriented) and Conservative (debt-oriented).
SBI MF introduces retirement benefit fund
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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.
SBI MF launches Retirement Benefit Fund
Fund offers 4 investment plans Aggressive, Aggressive Hybrid, Conservation Hybrid and Conservative
SBI Mutual Fund aims to to raise ₹2,000 crore through its new fund offer Retirement Benefit Fund.The NFO opens on Wednesday and closes on February 3.
The solution-oriented fund offers four investment plans across risk profiles Aggressive (equity-oriented), Aggressive Hybrid (equity-oriented), Conservation Hybrid (debt-oriented) and Conservative (debt-oriented) and includes a life cover of up to ₹50 lakh per investor.
In addition to equity and debt instruments, every plan may take up to 20 per cent exposure to gold ETFs, 10 per cent exposure to REITs/InVITs and foreign securities, including overseas ETF to the tune of 35 per cent in Aggressive Plan, 15 per cent in Aggressive Hybrid Plan and Conservative Hybrid Plan and 10 per cent in Conservative Plan.