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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.