SBI Retirement Mutual Fund: Currently, there is a lot of boom in the stock market, in which investors are getting huge profits. Investing in the market for a long period of time is necessary to earn profit in the stock market. If you also want to get free money at the time of your retirement, you must invest in mutual funds from today.
NOTE: YOU CAN READ THIS ARTICLE IN ANY LANGUAGE
By investing in mutual funds, you have less chance of loss and more profit. There are many types of mutual funds. Long term, short term and mid term. A long term mutual fund provides you decent returns over a long period of time. So today we will know about SBI retirement mutual fund.
SBI Mutual Fund has announced a new fund. In which you can get many benefits in retirement time. Non-salaried people can also invest in this scheme. And can also improve their future. This investment amount gives him triple benefit at the time of retirement. So, if you are also thinking of investing in mutual funds, SBI retirement mutual fund can be a good option.
High Return Than FD
SBI Mutual Fund’s Retirement Benefit Scheme is a solution oriented fund. SBI Mutual Fund says that people who invest money here will get more returns than FD. The annual return in FD is 5 percent while in SBI Mutual Fund this return is more than 10 percent. You can invest in this mutual fund for your better future and better retirement.
Start with Rs 5000 – SBI Retirement Mutual Fund
SBI Mutual Fund’s Retirement Benefit Scheme is a solution oriented fund. If you invest in this scheme, you can get up to Rs. Term insurance cover up to 50 lakhs will also be available. This mutual fund has SWP (Systematic Withdrawal Plan) facility in dividend option. In which you can withdraw money every three months.
Minimum Rs 5000 in SBI Retirement Mutual Fund. Investment is required. If you want to invest in this fund, you can also invest in this fund whether you have a job or not. This mutual fund offers a new offering, through which this mutual fund invests in instruments like government bonds and company shares. whose money is your deposited money.
Four investment schemes
SBI Retirement Benefit Fund offers four investment schemes. These include aggressive planning, aggressive hybrid planning, conservative hybrid planning and conservative planning. Apart from this, a plan has been prepared to invest up to 20 percent in gold ETFs.
Also Read – SBI Sarvottam: Senior Citizens Are Getting 7.96% Interest In SBI’s Scheme
Rs. 50 lakhs insurance (term insurance cover)
If you invest in SBI retirement mutual fund with SBI Retirement Benefit Fund for 3 years and above, here you will also get the option of term insurance cover. By taking term insurance, the nominee will get a benefit of up to Rs 50 lakh in case of an accident. Its feature is that the insurance cover will increase in the first three years.
SBI Retirement Benefit Fund has many features. In this, the facility of transferring retirement corpus to investment scheme is also provided. Here people up to 40 years will get aggressive investment plans. People in the age group of 40-50 years will be offered an aggressive hybrid investment plan. People in the age group of 50-60 years will get a conservative hybrid plan and people above 60 years will get a conservative plan.
Investment Objectives and Benchmarks
- Investment Objective of the Fund The scheme seeks to provide a comprehensive retirement savings solution that meets the changing needs of investors through long-term diversified investments across key asset classes.
- It is benchmarked against zero.
Asset Allocation and Portfolio Structure
- The fund’s asset allocation consists of approximately 93.85% equity, 3.79% debt and 2.36% cash and cash equivalents.
- While the top 10 equity holdings hold 44% of assets, the top 4 sectors hold 50% of assets.
- The fund follows a predominantly growth-oriented investment style and invests across market capitalizations – approximately 0.0% in giant and large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Also Read – PPF Interest Rate Is More Than Post Office and Bank Fixed Deposit In 25 Year
Tax Conclusion
- Profits are taxed at the rate of 15% Short Term Capital Gains Tax if units are redeemed within 1 year of investment.
- For units redeemed after 1 year of investment, Rs.1 lakh Earnings from those units in a financial year are Profits up to Rs.1 lakh will be exempted from tax.
- Profit exceeding Rs. 1 lakh will be taxed at the rate of 10%.
- For dividend distribution tax, the dividend income received from this fund will be added to the income of the investor and taxed as per the relevant tax slab.
- Also in the financial year Rs. 5,000 for dividend income exceeding; The fund house will deduct 10% TDS on such income.
