Looking for Non-Traditional Ways to Secure Retirement? SBI Retirement Benefit Fund Provides an Option
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What is SRBF?
The SRBF is an open-ended scheme. Your investments will be locked for five years or until retirement (i.e., completion of 65 years of age), whichever is earlier. The fund offers four plans for investors with various risk-profiles, by allocating to equity and debt.
Aggressive: 80-100 percent in equities; Aggressive hybrid: 65-80 percent in equity; Conservative hybrid: 10-40 percent in equity; and conservative up to 20 percent in equity are the four options. Each plan also has a provision to invest in Gold ETFs and foreign securities.
SBI Retirement Benefit Fund NFO: A new ‘nest egg’ offering
Satya Sontanam
BL Research Bureau |
Updated on
January 23, 2021
Investors can choose asset allocation plans based on their risk profile Retirement planning is one of the key parts of managing one’s personal finance. In India, the National Pension System (NPS), a voluntary contribution scheme, offers market-linked returns and aims to provide for monthly pension after retirement.
NPS has a lock-in of up to the age of 60. Further, upon attaining the age of 60, at least 40 per cent of the proceeds needs to be utilised for the purchase of an annuity product and the balance is paid as lump sum to the subscriber.
Professionals and non-salaried individuals looking to build a retirement kitty with equity exposure can consider partial allocation to the new fund offer of SBI Retirement Benefit Fund through systematic investment plans (SIPs).
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.