SBI Mutual Fund Retirement
Plan Calculator

SBI Retirement Benefit Fund is an open-ended, retirement solution-oriented scheme where 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 – aggressive (equity oriented), aggressive hybrid (equity oriented), conservative hybrid (debt oriented) and conservative (debt oriented). The detailed asset allocation is as follows:

*Equity Instruments include all equity and equity-related instruments ^Debt Instruments include all debt, debt-related, and money market instruments.

Every plan can take up to 20% exposure to Gold ETFs and up to 10% exposure to REITs/InVITs.

The plans can also invest in foreign securities including overseas ETF to the tune of: up to 35% in Aggressive Plan, up to 15% in Aggressive Hybrid Plan and Conservative Hybrid Plan and up to 10% in Conservative Plan.

Yes, there is a lock in a period of 5 years or until retirement (i.e. completion of 65 years), whichever is earlier. The lock-in period is at the scheme level which mean as investor can switch among the different plans available in the scheme (switch from Aggressive Plan to Conservative Plan or vice versa) during the lock-in period.

The minimum initial investment amount that one can make in the scheme is Rs 5,000 and in multiples of Re. 1 thereafter, while the minimum additional purchase amount is Rs 1,000 & in multiples of Re. 1 thereafter.

The minimum redemption that can be done is of Rs 500 or 1 Unit, whichever is lower. However, please note that the investments in the scheme will be locked in for a period of five years, or until the investor attains the retirement age of 65 years, whichever is earlier.

The schemes offers the following frequencies for SIP

Daily – Minimum Rs. 500 & in multiples of Re. 1 thereafter for minimum 12 instalments

Weekly – Minimum Rs. 1000 & in multiples of Re. 1 thereafter for minimum 6 instalments

Monthly – Minimum Rs. 1000 & in multiples of Re. 1 thereafter for minimum 6 months or Minimum Rs. 500 & in multiples of Re. 1 thereafter for minimum 12 months

Quarterly - Minimum Rs. 1500 & in multiples of Re. 1 thereafter for minimum 1 year

Semi-annual - Minimum amount of investment will be Rs. 3,000 and in multiples of Re.1 thereafter.

Minimum number of installments will be 4.

Annual - Minimum amount of investment will be Rs. 5,000 and in multiples of Re.1 thereafter.

Minimum number of installments will be 4.

There is no exit load in the scheme, Further, no exit load is applicable in case of switch from one plan of the scheme to another.

The suitability will be a function of one's age, investment horizon and risk appetite. Under 'My investment plan' there are two facilities:

Auto transfer:Under the ‘Auto Transfer’ facility, the investment plan is chosen based on the investor’s age at the time of the investment. Each investment plan corresponds to a certain age group as is explained in the table below.

In this facility, the investor does not choose a plan but is allotted one based on their age at the time of investment. As the investor advances in age, the invested assets get automatically transferred to the next low risk investment plan corresponding to the investor’s age. No exit load is applicable in case of this switching of assets between plans. However, tax will be applicable as per prevailing taxation laws.

My Choice: Under the ‘My Choice’ facility, the initial investment plan chosen by the investor will continue even as the investor advances in age and crosses over to the next age low-risk age bracket. Incremental investment made will also be added to the initial investment plan. If the investor does not opt for auto transfer, then existing and incremental investments will continue in the plan chosen at the time of initial investment. Further, any number of switches are allowed between the four plans of the scheme. For eg: An investor can move from Aggressive Plan to Conservative Plan or vice versa.

• Under this facility, investors will be provided with a life insurance cover with their SIPs.
• Any investor between the age of 18 and 52 years can avail this facility.
• SIP of minimum Rs 1000 per month is required to be eligible for this facility.
• SIP tenure should be minimum three years at the time of registration.

The cover is available till an investor reaches 55 years of age.

Any SIP with over Rs. 1,000 with monthly frequency will be eligible, provided the investor has optedfor SIP Insure and is between 18-52 years of age . While the SIPs may continue under the perpetual SIP, the insurance cover will stop (as per the terms and conditions of SIP insure) once the investor reaches 55 years of age.

Under this facility, the investor can redeem a fixed sum of money periodically at the prevailing net asset value depending on the investment plan selected by the investor. The SWP (A) facility will be available on a quarterly basis with applicable quarters being the end of December, March, June and September quarters. The SWP (A) withdrawals will be effective on the 25th of each month of that quarter and will be treated as redemptions. The withdrawals would be subject to the lock-in period and exit load.

A minimum account balance of INR 1 lakh is required at the time of registration of this facility.

*Available only in the IDCW option of the scheme

Conservative Hybrid Plan and Conservative Plan: Rs. 20 Crores each

Aggressive Plan and Aggressive Hybrid Plan: Rs. 10 Crores each

For Aggressive Plan and Aggressive Hybrid Plan – up to 2.25% of net assets

For Conservative Hybrid Plan & Conservative Plan – up to 2.00% of net assets

The actual expense ratio will be decided at the time of launch. For detailed expense structure refer Scheme Information Document

No, there is no tax exemption available.