SBI Retirement Benefit Fund: Things to know

-

Traditional investment options for retirement include the Public Provident Fund (PPF), the Employees Provident Fund (EPF) and the National Pension Scheme (NPPS). There are also some mutual fund schemes that focus on retirement savings. One of them is the SBI Retirement Benefit Fund (SRBF).



SBI Retirement Benefit Fund is an open-end scheme. You can invest for up to five years or until retirement (i.e. until you turn 65). The Fund offers four plans for investors with different risk profiles, allowing for equity and debt.

Also Read: EPFO KYC Update: How to update EPFO KYC details online? Here’s a step-by-step guide

SBI

Each plan has provisions for investing in Gold ETFs and foreign securities. The equity division is managed by fund managers Gaurav Mehta and the fixed income division is managed by Dinesh Ahuja. Mehta also manages the SBI Multi Asset Allocation Fund. Fund Manager Mohit Jain manages the scheme’s international investments. Jain will oversee foreign investment in all projects at the Fund House.

You can choose different plans depending on your age. As you get older, you may want to switch to less equity portfolio options. The fund can invest in multiple asset classes. You can invest in equities, debt, gold and foreign securities.



SBI Retirement Benefit Fund does not currently offer 80C tax deduction. But you can invest in SBI Retirement Benefit Fund through a regular investment plan. But each time it will be locked for five years. Lock-in will start from the time the first installment is paid.

 

The post SBI Retirement Benefit Fund: Things to know appeared first on informalnewz.



Comments

Post a Comment

Popular posts from this blog

Gold still cheaper today, there is great opportunity to earn in falling prices

-
Image
Experts say that in the next 6-12 months, gold can go up to 56500 or even above. There will be a rise in the price again, so this is a golden opportunity for investment. Seeds of continuous upward trend in US bond yields are showing pressure on the price of gold on the last day of the week. Gold is currently trading at the level of 46200. At 10.30 am, gold for April delivery fell by Rs 19 to trade at Rs 46222 per ten gram level. Similarly, June delivery gold was trading down by Rs 24 to trade at Rs 46371. In the international market, there is pressure on the price of gold. At this time, gold for April delivery was trading at $ 1,765.75 per ounce with a decline of $ 9.65 (-0.54%). Talking about silver, the silver for March delivery was trading at $ 27.28 per ounce with a drop of -0.35 (-1.27%) in the international market. There is 28.34 grams in one ounce. Silver for March delivery was currently trading at Rs. 7,722 per kg, down by Rs. 55722 per kg and Rs. 602 by May delivery on MCX....
Read more

Petrol Diesel Price: New rates of petrol diesel released, know your city prices

-
Image
Petrol Diesel Price: In February, the price of petrol diesel was increased by 16 days. In February, petrol in Delhi has become expensive by Rs 4.74 and diesel by Rs 4.52. New Delhi. There is a boom in the price of crude oil in the international market. Brent closed above $ 64 a barrel on Friday. Here the common man is relieved by the price of petrol diesel in the country. Oil in the domestic marketing companies (Oil marketing companies (OMCs) have not increased prices today continued the 21st day of petrol and diesel. The first arrived on 27 February, the price of petrol (Petrol Diesel Price) historical levels. Countries Petrol is Rs 91.17 per liter and diesel is Rs 81.47 per liter in the capital of Delhi. These prices are at an all-time high. The common man is currently relieved at the time of elections to the Legislative Assembly in 5 states of the country. February Petrol becomes expensive by Rs 5 In the month of February, the price of petrol diesel was increased for 16 da...
Read more

Gold Price 30 March, 2021: Gold prices fall by Rs 12927 in full, know there will be strong profit or loss on investment

-
Image
Gold prices have decreased by Rs 12,927 per 10 grams so far from the highest level of 7 August 2020. At the same time, silver has fallen by Rs 13,564 per kg (Silver Price). Experts say that according to the data of previous years, the price of gold is also going to increase in 2021. Let us know what will be the trend in gold prices this year and what will be the return on investment? New Delhi. Not only in India, in the midst of the economic challenges that arose in the Corona crisis, people all over the world relied heavily on investment in gold. As a result, gold prices reached a record level in August 2020 on the back of tremendous buying by investors. Gold delivered huge profits to investors during 2020. Gold prices reached the highest level of Rs 57,008 per 10 grams on 7 August 2020 in Delhi Sarafa Bazar. At the same time, silver prices also reached the highest level on this day. After this, as good news about the Corona vaccine came, the price of gold and silver started falli...
Read more