Launched by SBI Mutual Fund in January 2021, the SBI Retirement Benefit Fund comes with four plans including a scheme that has delivered over 22 per cent returns so far since inception.
Mutual fund investments could be a suitable choice for building a retirement corpus if you are planning to invest in an instrument that offers higher returns compared to traditional savings. The mutual fund investments are subject to market risk but it can be mitigated by choosing the right combination of plans across equity, debt and hybrid categories. The SBI Retirement Benefit Fund is one such savings option which caters to the retirement needs of investors across categories.
The SBI Retirement Benefit Fund is a retirement solution scheme which offers four plans for investors across different risk profiles. With the help of this fund, which was launched by SBI Mutual Fund in January 2021, investors get an option to avail term insurance on SIPs also. Since its inception the SBI Retirement Benefit Fund has given over 20 per cent returns to investors.
To understand this better, let’s learn about the SBI Retirement Benefit Fund and its four plans.
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SBI Retirement Benefit Fund features
It is a retirement solution fund where the investors invest their money for a lock-in period of five years or until retirement (i.e., completion of 65 years of age), whichever is earlier. Under its four plans, the Aggressive Plan Direct-Growth has assets under management (AUM) worth Rs 1,719 crore. With an expense ratio of 0.86 per cent, the fund has delivered 22.09 per cent average annual returns, the highest among the four plans.
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SBI Retirement Benefit Fund: Plans
The SBI Retirement Benefit Fund comes with four investment plans: Aggressive, Aggressive Hybrid, Conservative Hybrid, and Conservative. These plans are invested across equity, equity and debt instruments as well as government securities.
Besides that, the fund also offers two investment options like Auto transfer plan and My choice plan.
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SBI Retirement Benefit Fund: Returns
The SBI Retirement Benefit Fund-Aggressive- Direct plan has given 20.17 per cent return since February 2021 while the regular plan has given 18.67 per cent returns.
The SBI Retirement Benefit Fund-Aggressive- Hybrid-Regular Growth plan has given an annualised return of 17.67 per cent since inception.
In the case of SBI Retirement Benefit Fund Conservative Hybrid plan the investors have received 11 per cent annualised return since inception.
The SBI Retirement Benefit Fund Conservative plan has given an annualised return of 8 per cent in more than two years since its launch.
