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This calculator is designed to help investors in determining the appropriate amount accumulated through SIP investment or lump sum based on assumed rate of returns and does not guarantee any returns. ...The calculations are not based on any judgments of the future return of the debt and equity markets / sectors or of any individual security / Schemes and should not be construed as promise on minimum returns and/or safeguard of capital. These Calculators alone are not sufficient and shouldn't be used for the development or implementation of an investment strategy and should not be construed as investment advice in any manner whatsoever. There is no warranty about the accuracy of the calculators/ reckoners. The recipient is advised to consult his or her financial advisor/ tax consultant prior to arriving at any investment decision. The calculation is based on Monthly SIP with selected top-up frequency viz, yearly basis on the basis of assumed rate as selected by you. The returns are shown point to point in absolute terms. Please note that these calculations are for illustrations and understanding purpose only and do not represent actual returns. Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.Read More

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Frequently asked questions Click to download FAQs

1. What is SBI Retirement Benefit 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.

2. What are the different plans available under 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:

Instruments Allocation Risk
Min Max
Aggressive Plan
Equity Instruments* 80% 100% High
Debt Instruments^ 0% 20% Low to Moderate
Aggressive Hybrid Plan
Equity Instruments 65% 80% High
Debt Instruments 0% 35% Low to Moderate
Conservative Hybrid Plan
Debt instruments 60% 90% Low to Moderate
Equity instruments 10% 40% High
Conservative Plan
Debt instruments 80% 100% Low to Moderate
Equity instruments 0% 20% High

*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.

3. Is there a lock-in period? Is it at a plan level or scheme level?

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.

4. What is the minimum initial investment? Also, what is the minimum additional purchase amount?

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.

5. What is the minimum redemption amount?

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.

6. Is there SIP facility available during NFO?

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.

7. Is there an exit load? If yes, then what is the exit load structure?

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.

8. How can one decide which plan is suitable?

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.

Plan Age Range (in years) Risk
Aggressive Upto 40 Aggressive
Aggressive Hybrid 40 to 50 Moderate
Conservative Hybrid 50 to 60 Conservative
Conservative Above 60 Low

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.

9. What is SIP Insure facility? Is there any minimum age, minimum amount and minimum tenure to avail this facility?

  • 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.

10. What will be the life insurance cover under SIP Insure facility?

SIP registered under this facility will be eligible for life insurance cover as defined below:

  • Year 1: 20 times the monthly SIP installment
  • Year 2: 50 times the monthly SIP installment
  • Year 3: 100 times the monthly SIP installment
  • 4th year 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.

11. Till what age SIP Insurance cover will be remain? Or this cover will lapse as soon as investor reaches 52 years?

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

12. Can we consider perpetual SIP under SIP insurance?

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.

13. What is SWP (A) facility*? Is there a minimum folio balance required to avail this?

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 dividend option of the scheme

14. What will be the expense ratio for the different plans?

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

15. Is there any tax exemption U/S 80CCC (sub section under 80C) for investments in this scheme?

No, there is no tax exemption available.

This FAQ is only for the purpose of providing general information. Please refer to Scheme related documents for complete details. Recipients are advised to seek independent professional advice before making any investments. The views / content expressed herein do not constitute the opinions of SBI Mutual Fund or SBI Funds Management Limited recommendation of any course of action to be followed by the recipient. SBI Mutual Fund / SBI Funds Management Limited is not guaranteeing or promising or forecasting any returns.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.