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SBI Mutual Fund launches new scheme, know special things

The scheme will be managed by Gaurav Mehta (Equity), Dinesh Ahuja (Fixed Income) and Mohit Jain (Foreign Securities).




SBI Mutual Fund has launched a new scheme. Its name is SBI Retirement Benefit Fund. It is a solution oriented fund. The scheme offers four plans in different types of risk profiles. It also has features like life insurance up to a maximum of Rs 50 lakhs. The scheme’s New Fund Offer (NFO) has opened on 20 January. Investments can be made in it till 3 February.

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The scheme will be managed by Gaurav Mehta (equity), Dinesh Ahuja (fixed income) and Mohit Jain (foreign securities). This fund offers four investment plans. These include Aggressive (Equity Oriented), Aggressive Hybrid (Equity Oriented), Conservation Hybrid (Debt Oriented) and Conservative (Debt Oriented). In addition to equity and debt instruments, up to 20% of gold ETFs can be invested in each plan, up to 10% in REIT / InVIT.

fund house said that the objective of the scheme is to provide comprehensive retirement saving solutions to the people. This will meet the long-term needs of investors. For this, money will be invested in different types of asset classes. The investment amount will remain locked for five years or till retirement (whichever is earlier).

“Most of us start thinking about retirement savings when it is too late,” said Vinay M. Tonsey, MD and CEO of SBI Mutual Fund. Due to this, lifestyle has to be compromised in old age. A good amount can be added in the long term by early retirement retirement. SBI Retirement Benefit Fund can help in this. ”



SBI Retirement Benefit Fund is offering a variety of features. In this, according to age, retirement corpus has also been given the facility to transfer the appropriate investment plan. There is also a feature of automatic switch, looking at the risk profile after the maximum age associated with the current investment plan has been exceeded.

Parvesh Maurya
Parvesh Maurya
Parvesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ informalnewz@gmail.com
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