About:
SBI Retirement Benefit Fund is a scheme launched by SBI India Mutual Funds. The NFO of the fund is open from the 20th of January 2021 till the 03rd of February 2021. SBI Retirement Benefit Fund has 4 different plans available under the scheme which are aggressive plan, aggressive hybrid plan, conservative hybrid plan, and conservative plan. The asset allocation between equity and debt is different for each of the plans. The scheme also offers the auto transfer and my choice option for the selection of plans for investment. The minimum application amount is Rs. 5,000. Additional investments can be made with Rs. 1,000. For the SIP investment, Daily, weekly, monthly, quarterly, semi-annual and annual SIP options are available. The minimum Daily SIP amount is Rs.500. The scheme has a lock-in period of 5 years or till the retirement age of the investors. There is no exit load as the fund has a lock-in period. SBI Retirement Benefit Fund offers an additional benefit which is SIP insure facility. It offers the Life insurance benefit to SIP holders who have a minimum of Rs.1000 of SIP installments registered for at least 3 years. The fund is suitable for investors seeking long-term capital growth along with retirement benefits.
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