If you invest in SBI Retirement Benefit Fund for 3 years and more, then you will also get the option of term insurance cover.
SBI Mutual Fund: Share market is currently on a boom and investors are making huge profits. To earn profits from the stock market, it is necessary to stay in the market. And the best way to stay in the market is to invest in mutual funds.
Mutual fund houses periodically launch such plans in which the risk of investment is low and profit is high. SBI Mutual Fund brought a similar plan.
SBI Mutual Fund has launched Retirement Benefit Fund for investors planning to retire. In this plan, non-salaried people can not only secure their future but can also earn big profits. One can invest in this fund till 3 February.
Solution Oriented Mutual Funds
Retirement benefit plan of SBI Mutual Fund is a solution oriented fund. Those investing in this scheme through SIP are also getting term insurance cover up to Rs 50 lakh. In this plan, the dividend option has the facility of SWP (Systematic Withdrawal Plan) and withdrawal facility on quarterly basis.
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Start at Rs 5000 (Rs 5000 SIP)
An investor in SBI Retirement Benefit Fund can start with at least Rs 5,000. This is a new fund offer (NFO). Through this, the mutual fund company raises money from investors to invest in instruments such as shares, government bonds.
Four Investment Plans
SBI Retirement Benefit Fund offers four investment plans. These include Aggressive Plan, Aggressive Hybrid Plan, Conservative Hybrid Plan and Conservative Plan. Apart from these, in every plan there is a readiness to invest up to 20% in gold ETFs.
Return more than FD
SBI Mutual Fund says that those investing money here will get more returns from FDs. FDs are getting 5% per annum, while in mutual funds, this return can be more than 10%.
50 lakh rupees insurance
If you invest in SBI Retirement Benefit Fund for 3 years and more in SBI Mutual Fund, then you will also get the option of term insurance cover. In the event of an accident due to getting term insurance, the nominee will get a benefit of up to Rs 50 lakh. Its specialty is that the insurance cover will increase in the first three years.
SBI Retirement Benefit Fund is a variety of features. In this, the retirement corpus has also been allowed to transfer the investment plan. Here people up to 40 years will get aggressive investment plan. Aggressive Hybrid Investment Plan will be given to people aged 40-50 years. People of 50-60 years will get Conservative Hybrid and people above 60 years of age will get Conservative Plan.
