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What is SBI retirement benefit mutual fund?

What is SBI retirement benefit mutual fund?

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.

What is SBI retirement benefit fund aggressive plan?

The fund was launched on Feb 10, 2021. 1. The investment objective of the fund is that ” The scheme seeks to provide a comprehensive retirement saving solution that serves the variable needs of the investors through long term diversified investments in major asset classes. “

Which is the best retirement fund in India?

Choosing the Best Retirement Plan

Product Name Category Fund Value of Rs.10,000 Invested Per Month (5 Years)
ICICI Prudential Balanced Advantage Fund – Regular – Growth Equity Rs.8,47,348
Mirae Asset India Equity Fund – Regular – Growth Equity Rs.9,85,301
SBI Bluechip Fund – Growth Equity Rs.9,26,773
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Which SBI fund is best?

SBI MF Top Rated Funds

  • SBI Small Cap Fund Direct-Growth.
  • SBI Magnum Mid Cap Direct Plan-Growth.
  • SBI Focused Equity Fund Direct Plan-Growth.
  • SBI Infrastructure Fund Direct-Growth.
  • SBI Large & Midcap Fund Direct Plan-Growth.
  • SBI Magnum Equity ESG Fund Direct Plan-Growth.
  • SBI Flexicap Fund Direct-Growth.

Is SBI retirement benefit good?

SBI Retirement Benefit Fund, is an ideal fit, given its construct of being not only well-diversified across major asset-classes, be it equity, debt, Gold ETF, REITs/InVITs and foreign securities, but also offering schemes with risk profile of choice coupled with rising insurance cover,” says Vinay M. Tonse, MD & CEO.

Is SBI Life pension taxable?

In SBI Life Insurance policies, here are the tax benefits that you get. — Tax benefit on premium paid: Income tax benefit/deduction on premium paid is available under section 80C of the Income Tax Act, 1961. — Tax benefit on death proceeds: Death proceeds are not taxable.