In order to incentivise a shift from relatively risk-free defined benefit system to relatively risky defined contribution system, minimum assurance was introduced by some countries. Minimum assured return acts as insurance for pension investors
The Speak Out Act (“Act”) became law on December 7, 2022. The Act prohibits the enforcement of non-disclosure or non-disparagement provisions which are agreed to prior to an allegation.
SBI Retirement Benefit Fund NFO closes today, here s all you need to know
The fund offers four plans- aggressive, aggressive hybrid, conservative hybrid and conservative, where investors money will be primarily invested in equity and equity-related instruments and also in debt and money market securities
BusinessToday.In | February 3, 2021 | Updated 14:18 IST
There is a lock-in for 5 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
The solution-oriented retirement linked MF-SBI Retirement Benefit Fund New Fund Offer (NFO) is closing on February 3, 2021.
The minimum initial investment for the scheme is Rs 5,000 and in multiples of Re 1 thereafter. Meanwhile, the minimum additional purchase amount is Rs 1,000 & in multiples of Re 1 thereafter.
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