Publish Date:
SBI Mutual Fund has introduced a new open-ended retirement solution-oriented scheme - SBI Retirement Benefit Fund.
The scheme has a lock-in of 5 years or till retirement age (whichever is earlier).
It offers 4 Investment Plans: Aggressive, Aggressive Hybrid, Conservative Hybrid and Conservative. Each of the Investment Plans will be managed as separate portfolios.
The investment objective of the scheme is to provide a comprehensive retirement saving solution that serves the variable needs of the investors through long term diversified investments in major asset classes.
However, there can be no assurance that the investment objective of the Scheme will be realized.
SBI Retirement Benefit Fund would adopt investment strategy in line with the investment objective.
SBI Retirement Benefit Fund - Aggressive Plan is mandated to invest 80% to 100% of the portfolio in Equity & Equity related instruments, 0% to 20% of its assets in Debt, debt related instruments and money market instruments, 0% to 10% in Units issued by REITs and InvITs, and 0% to 20% in Gold ETFs.
The total assets of this plan will be primarily invested in equity and equity related instruments. However, this plan also provides for flexibility of investment in debt and money market securities. The plan seeks to generate long term capital appreciation.
SBI Retirement Benefit Fund - Aggressive Hybrid Plan is mandated to invest 65% to 80% of the portfolio in Equity & Equity related instruments, 0% to 35% of its assets in Debt, debt related instruments and money market instruments, 0% to 10% in Units issued by REITs and InvITs, and 0% to 20% in Gold ETFs.
The total assets of this plan will be invested in a mix of equity and equity related instruments and Debt / Money market instruments with an objective of generating long term capital appreciation.
SBI Retirement Benefit Fund - Conservative Hybrid Plan is mandated to invest 10% to 40% of the portfolio in Equity & Equity related instruments, 60% to 90% of its assets in Debt, debt related instruments and money market instruments, 0% to 10% in Units issued by REITs and InvITs, and 0% to 20% in Gold ETFs.
The total assets of this plan will be primarily invested in Debt and Money market instruments. However, this plan also provides for flexibility of investment in equity and equity related instruments. This Plan seeks to generate steady long-term capital appreciation with relatively low levels of risk.
SBI Retirement Benefit Fund - Conservative Plan is mandated to invest 80% to 100% of the portfolio in Debt, debt related instruments and money market instruments, 0% to 20% of its assets in Equity & Equity related instruments, 0% to 10% in Units issued by REITs and InvITs, and 0% to 20% in Gold ETFs.
The total assets of this plan will be predominantly invested in Debt and Money market instruments. This Plan seeks to generate steady long-term capital appreciation with relatively low levels of risk.
The performance of each plan under SBI Retirement Benefit Fund will have different benchmark index.
The performance of SBI Retirement Benefit Fund - Aggressive plan will be benchmarked against S&P BSE 500 TRI.
The SBI Retirement Benefit Fund - Aggressive Hybrid Plan will be benchmarked against CRISIL Hybrid 35+65-Aggressive Index.
For SBI Retirement Benefit Fund - Conservative Hybrid plan, the benchmark will be CRISIL Hybrid 65+35 – Conservative Index.
Whereas SBI Retirement Benefit Fund - Conservative plan will be benchmarked against NIFTY Composite Debt Index.
The fund will be managed by Mr Gaurav Mehta (Equity), Mr Dinesh Ahuja (Debt), and Mr Mohit Jain (Overseas Investments).
The NFO opens for subscription on January 20, 2021 and closes on February 03, 2021. The scheme will reopen for continuous Sale and Repurchase within 5 business days from the date of allotment.
The fund’s NAV is priced at Rs 10/- per unit during the NFO period. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter.
Each Investment Plans will have two plans viz. Regular Plan and Direct Plan having Growth Option and Dividend Option (Dividend Payout and Dividend Transfer facilities).