Launch of SBI RETIREMENT BENEFIT FUND

Launch of SBI RETIREMENT BENEFIT FUND

An Open Ended Retirement Solution Oriented Scheme having a lock in of 5 years or till Retirement Age closing for subscription on Feb 3, 2021.

In our continuous endeavour to update our valued investor about the Investment Ideas /Theme, we would like to share launch of SBI RETIREMENT BENEFIT FUND, An Open Ended Retirement Solution Oriented Scheme having a lock in of 5 years or till Retirement Age (whichever is earlier).  The New Fund Offer will open for subscription on Jan 20, 2021 and will close for subscription on Feb 3, 2021.

About SBI RETIREMENT BENEFIT FUND

      SBI Retirement Benefit Fund is an open-ended, retirement solution-oriented scheme

      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

      The Scheme offers four investment plans –

Ø  Aggressive (Equity oriented – Minimum 80% Equity)

Ø  Aggressive Hybrid (Equity oriented – Minimum 65% Equity)

Ø  Conservative Hybrid (Debt oriented – Minimum 10% Equity)

Ø  Conservative (Debt oriented – Minimum 0% & Maximum 20% Equity)

      Insurance benefits with SIP: SIP registered under this with a tenure of 3 years plus, has insurance benefits wherein in case of an unfortunate event the nominee stand to get the benefits as mentioned below:

Ø  Year 1:  20 times the monthly  SIP installment

Ø  Year 2: 50 times the monthly  SIP installment

Ø  Year 3: 100 times the monthly  SIP installment

Ø  Year 4 onwards: 100 times the monthly SIP

The above mentioned limits are subject to a maximum limit of Rs. 50 lakhs in insurance cover per investor across all schemes.

Retirement Planning
Current Age 30 yrs
Life Expectancy 80 yrs
Current Monthly Expenses Rs. 50000
Expected Rate of Return before Retirement 12% pa
Expected Rate of Return after Retirement 6% pa
Average Inflation 5% pa
Retirement Age 60 yrs
Retirement Corpus Rs. 4,72,62,447 

 

Monthly SIP Needed to create Retirement Corpus – Rs. 15340

Or

One Time Investment needed to create Retirement corpus – Rs. 15,77,522

Or

You can achieve Goal with SIP of Rs. 8,043 per month by doing an annual top up of Rs. 1000

Performance of SBI MF Funds:

Data as on January 18, 2021 AUM Returns(%)
Rs. Crore 3 Month 6 Month 1 Year 2 Years 3 Years 5 Years
SBI Long Term Equity Fund 8767 22.55 31.52 18.35 12.54 4.94 11.86
SBI Focused Equity Fund 12761 21.43 25.58 11.38 16.49 8.49 15.56
SBI Infrastructure Fund 498 22.38 25.60 7.46 12.08 1.06 11.71
SBI Large & Midcap Fund 3354 24.25 34.40 15.47 13.11 6.34 13.28
SBI Bluechip Fund 25925 25.03 33.42 17.03 15.72 8.00 13.32
SBI Magnum Midcap Fund 4253 27.57 39.29 26.77 15.54 3.25 11.14
SBI Magnum Multicap Fund 10518 25.82 34.30 14.16 13.91 6.85 14.19
SBI Banking & Financial Services Fund 2095 29.87 38.87 5.75 14.29 10.77 20.83
SBI Consumption Opportunities Fund 681 35.74 45.34 14.83 9.82 4.59 14.35
SBI Healthcare Opportunities Fund 1575 9.86 29.44 59.63 27.91 14.54 7.92
SBI Infrastructure Fund 498 22.38 25.60 7.46 12.08 1.06 11.71
SBI Magnum COMMA Fund 279 17.70 29.99 21.77 19.21 3.94 17.57
SBI Magnum Equity ESG Fund 3334 21.93 30.58 13.98 15.53 10.63 13.96
SBI Magnum Global Fund 4326 14.00 21.37 17.13 12.77 4.69 11.66
SBI Technology Opportunities Fund 426 18.81 42.85 45.66 28.38 24.22 18.34
SBI Small Cap Fund 6628 25.20 44.91 28.79 20.88 4.86 18.76
SBI Equity Hybrid Fund 35655 18.31 21.58 12.34 14.44 8.82 12.80
SBI Dynamic Asset Allocation Fund 602 11.36 16.35 7.60 7.17 6.82 9.28
SBI Gold Fund 888 -4.10 -0.69 21.07 21.86 16.57 11.96

 

Author: Midas Finserve

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