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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.