Hybrid
Direct
Retirement
NAV as on 06-09-2024
₹ 21.67
1D
Inception Returns
23.8%
/yr
SBI Retirement Benefit Fund Aggressive Direct Growth is a hybrid fund. This fund was started on 17 February, 2021. The fund is managed by Mohit Jain, Dinesh Ahuja, Ardhendu Bhattacharya. This fund gives you the benefit of diversification.
SBI Retirement Benefit Fund Aggressive Direct Growth has given a CAGR return of 23.83% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 29.51% and 20.47% respectively.
SBI Retirement Benefit Fund Aggressive Direct Growth has allocated its funds majorly in Cash Equivalent, Government, Financial Services, Industrial, Consumer Cyclical, Tech, Energy, Corporate, Basic Materials, Health, Utilities, Consumer Defensive.
As it is a retirement mutual fund the taxation is as follows:If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitGains up to Rs 1 lakh are exempt from taxation (more than 12 months).
The investment objective of the scheme is to provide a comprehensive retirement saving solution that serves the variable needs of the investors through long term diversified investments in major asset classes. However, there can be no assurance that the investment objective of the Scheme will be realized.
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. There is a lock in period for SBI Retirement Benefit Fund Aggressive Direct Growth of 5 Years
Expense ratio | 0.82% |
Benchmark | BSE 500 TR INR |
AUM | ₹2763 Cr |
Inception Date | 17 February, 2021 |
Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 0% |
Lock In | 5 Years |
TurnOver | 13.25% |
STCG | Redeeming before 1 year, returns taxed at 20%. |
LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
Risk | Very High Risk |
as on (06-Sep-24)
as on (31-Jul-24)
Top 3 Sectors in July were Government, Financial Services & Consumer Cyclical
SBI Retirement Benefit Fund Aggressive Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.56% | 3.56% |
6 Month Returns | 17.1% | 17.1% |
1 Year Returns | 29.51% | 29.51% |
3 Years Returns | 74.85% | 20.47% |
5 Years Returns | 0% | 0% |
AAA | 100 |