SBI Retirement Benefit Fund NFO

SBI Mutual Fund has announced the launch of the SBI Retirement Benefit Fund. It is a retirement solution-oriented scheme. The scheme would be investing in equity securities and debt & money market instruments based on the sub-plan of the fund. The scheme has a lock-in period of 5 years or till retirement age, whichever is earlier.

The New Fund Offer (NFO) starts on 20th January 2021 and will end on 3rd February 2021.

Different plans available under the scheme are:

Aggressive Plan
Aggressive Hybrid Plan
Conservative Hybrid Plan
Conservative Plan

Features

The Fund will be investing its assets in instruments in the equity and debt asset classes based on the different plans available under this scheme. Each scheme has a different asset allocation pattern & risk profile as per the investment objective of the scheme.
The scheme also has the auto-transfer facility in which the invested assets will be automatically switched to other plans based on the age of the investor.
The fund provides insurance benefits in SIPs with a tenure of 3 years or more. In case of the unfortunate event of death of the units holder, the nominee will get the death benefits as mentioned below:
20 times the monthly SIP installment in Year 1.
50 times the monthly SIP installment in Year 2.
100 times the monthly SIP installment in Year 3.
100 times the monthly SIP in Year 4 onwards.
The fund also offers the facility to systematically withdraw the funds from the scheme on a quarterly basis. All the systematic withdrawals will be treated as redemption.

How to opt for the best suitable plan?

The suitability of the plan will depend upon the age, investment horizon, and risk capability of the investors.

SBI Retirement Benefit Fund offers two facilities to its investors which are:

My Choice: In this facility, the investor will choose one of the plans at the time of investment and that plan will continue even if the investor moves to the next age bracket or the risk appetite reduces. However, the investors always have the option to make switches anytime between these 4 plans as per their requirements. There are no fees or loads in case of such switches.
Auto Transfer: In the Auto transfer option, the plan will be selected automatically on the basis of the age of the investor. And during the period, when the investor moves to the next age bracket, then automatically a switch will be made to the corresponding low-risk plan in their age bracket.

The plans corresponding to different age brackets is presented as follows:

Plan	Age (In years)	Risk
Aggressive Plan	Below 40	High
Aggressive Hybrid Plan	40 - 50	Moderate
Conservative Hybrid Plan	50 - 60	Conservative
Conservative Plan	Above 60	Low

Asset Allocation Pattern-

Instruments	Minimum % of total assets (Indicative)	Maximum % of total assets (Indicative)	Risk Profile
Aggressive Plan
Equity Instruments	80%	100%	High
Debt Instruments	0%	20%	Low to Moderate
Aggressive Hybrid Plan
Equity Instruments	65%	80%	High
Debt Instruments	0%	35%	Low to Moderate
Conservative Hybrid Plan
Debt Instruments	60%	90%	Low to Moderate
Equity Instruments	10%	40%	High
Conservative Plan
Debt Instruments	80%	100%	Low to Moderate
Equity Instruments	0%	20%	High

About the scheme-

Name of the fund	SBI Retirement Benefit Fund
Fund launched by	SBI Mutual Fund
Asset Management Company	SBI Funds Management Private Limited
Type of scheme	An open-ended retirement solution scheme having a lock-in period of 5 years or till retirement age, whichever is earlier.
About Scheme	Retirement Solution-oriented
Benchmark	Aggressive Plan: BSE 500 TRI Aggressive Hybrid Plan: Crisil Hybrid 35+65 - Aggressive Index Conservative Hybrid Plan: Crisil Hybrid 65+35 - Conservative Index Conservative Plan: Nifty Composite Debt Index
Entry Load	Not Applicable
Exit Load	Nil
Lock-in Period	5 years or till retirement age (whichever is earlier)
Minimum Application Amount	₹ 5,000 & in multiples of ₹ 1 thereafter
Minimum Additional Amount	₹ 1,000 & in multiples of ₹ 1 thereafter
Minimum Redemption Amount	₹ 500 or 1 unit, Whichever is lower
Fund Managers	Mr. Gaurav Mehta (Equity Securities), Mr. Dinesh Ahuja (Fixed Income), and Mr. Mohit Jain (Overseas Investments)

SIP Details

Type	Minimum Installments	Minimum Amount
Daily SIP	12	₹ 500 & in multiples of ₹ 1 thereafter
Weekly SIP	6	₹ 1,000 & in multiples of ₹ 1 thereafter
Weekly SIP	12	₹ 500 & in multiples of ₹ 1 thereafter
Monthly SIP	6	₹ 1,000 & in multiples of ₹ 1 thereafter
	12	₹ 500 & in multiples of ₹ 1 thereafter
Quarterly SIP	4	₹ 1,500 & in multiples of ₹ 1 thereafter
Semi-Annual SIP	4	₹ 3,000 & in multiples of ₹ 1 thereafter
Annual SIP	4	₹ 5,000 & in multiples of ₹ 1 thereafter