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This Mutual Fund Is Good For Retirement Savings, Given 22.44 Annual Average Returns
Retirement planning is an important component of a person's financial objectives that should be started early in life. Retirement planning, on the other hand, encompasses not only the creation of a corpus but also the manner in which you invest and how it aids in the accumulation of retirement savings. Mutual fund retirement schemes are one of the ways you can start your retirement planning and saving. In this article, we have given insights into one such retirement fund offered by India's biggest Asset Management Company (AMC). This is a newly launched scheme by the AMC that has given good returns compared to its category average and benchmark.
SBI Retirement Benefits Fund - Aggressive Plan - Direct Plan-Growth
This retirement fund is a one-year-old fund launched on 10 February 2021 by the SBI Mutual fund. It is an open-ended medium-sized fund of its category. The fund has worth Rs 778.69 Crore of Asset under Management (AUM). Whereas, the Net Asset Value of this fund dated May 02, 2022, is Rs 12.8064. This fund has an expense ratio of 1.02%, which is higher than its category average expense ratio.
This retirement mutual fund scheme is highly risky for investment. The benchmark of this fund is S&P BSE 500. This fund has performed better than its benchmark. You can start investing in this fund with a minimum investment amount of Rs 5,000, and Rs 500 for SIP. This fund comes with a 5-year lock-in period. However, there is Rs 0 exit charge in this fund.
Absolute And Annualised Returns
Lump-Sum Investment Returns
Since its launch, it has delivered 22.44% average annual returns.
| Tenure | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | 24.11% | 23.97% |
| Since Inception | 28.06% | 22.44% |
SIP Returns
| Tenure | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | 3.88% | 7.28% |
Portfolio
The fund has 94.7% investment in equities of which 47.99% is in large-cap stocks, 11.44% is in mid-cap stocks, and 15.67% is in small-cap stocks. The fund has 1.88% investment in Debt of which 1.88% in Government securities. The fund has the majority of its money invested in the Financial, Services, Metals & Mining, Automobile, and Capital Goods sectors. The fund's top holdings are in HDFC Bank Ltd., ICICI Bank Ltd., Infosys Ltd., Housing Development Finance Corpn. Ltd., and Axis Bank Ltd.
Disclaimers
Mutual fund investments are subject to market risk. Read all scheme-related documents, and Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn't guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.
