November 10, 2022
mayank
SBI Retirement Benefit Fund – Aggressive Hybrid Plan
NAV Growth: Rs 13.7711
NAV IDCW: Rs 13.7728
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. But be prepared for ups and downs in your investment value along the way.
Aggressive hybrid funds invest 65-80 per cent of your money in equity shares and the rest in bonds. Their returns are slightly lower than those of pure equity funds which invest all your money in shares, but they also fall relatively less when the stock markets decline. This makes them suitable for conservative equity investors or first-time equity investors who are not used to sharp ups and downs.
Like for all equity-linked investments, you must invest only through the SIP route.
Fund’s Investment Strategy:
The scheme seeks to provide a comprehensive retirement saving solution that serves the variable needs of the investors through long term diversified investments in major asset classes.
Fund Manager:
1) Ardhendu Bhattacharya
Education: Mr. Bhattacharya is a MBA (Marketing) and Bachelor of Engineering.
Experience: Prior to joining SBI Mutual Fund, he has worked with ICICI Bank and Citibank.
2) Dinesh Ahuja
Education: Mr. Ahuja is a B.Com (H) and MMS (Finance).
Experience: Prior to joining SBI AMC he has worked with L&T Investment management Ltd., Reliance Asset Management Ltd and Reliance General insurance Company Ltd.
3) Rohit Shimpi
Education: Mr. Shimpi is a B. Com., PGDBM (Finance), CFA.
Experience: Prior to joining SBI Mutual Fund, he has worked with CNBC TV18, JP Morgan’s offshore research centre and HDFC Standard Life Insurance.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | 500 |
| Lock-in Period | 5 Years |
| Exit Load | 0 |
Basic Details
| Fund House | SBI Mutual Fund |
| Launch Date | 10-Feb-21 |
| Return Since Launch | 20.12% |
| Benchmark | CRISIL Hybrid 35+65 Aggressive Index |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 790 Cr |
| (As on 31-Oct-2022) | |
| Expense Ratio | 1.25% |
| (As on 30-Sep-2022) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | — |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| SBI Retrmnt Benefit Agrssv Hybrid Dir | 8.42 | -0.42 | 1.82 | 3.95 | 14.25 | 7.16 | — | — | — | — |
| VR Balanced TRI | 5.73 | 0.43 | 4.68 | 4.49 | 10.91 | 3.34 | — | — | — | — |
| Hybrid: Aggressive Hybrid | 3.19 | -0.26 | 2.33 | 3.41 | 10.21 | 1 | — | — | — | — |
| Rank within category | 4 | 38 | 35 | 17 | 2 | 4 | — | — | — | — |
| Number of funds in category | 47 | 48 | 48 | 47 | 47 | 47 | 43 | 31 | 25 | 0 |
Peer Comparison
| Fund name | Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) |
| SBI Retrmnt Benefit Agrssv Hybrid Dir | Unrated | 7.16 | — | — | 1.25 | 790 | 20.12 | — | 1yrs 9mo | — |
| SBI Eqt Hybrid Dir | 4 star | 1.62 | 14.24 | 11.60 | 0.81 | 56,730 | 15.02 | 1.00 (365) | 9yrs 10mo | 24.00 |
| ICICI Pru Eqt & Debt Dir | 5 star | 8.39 | 21.56 | 14.35 | 1.21 | 21,109 | 16.89 | 1.00 (365) | 9yrs 10mo | 42.00 |
| Canara Robeco Eqt Hybrid Dir | 4 star | 1.36 | 16.42 | 13.13 | 0.58 | 8,476 | 14.6 | 1.00 (365) | 9yrs 10mo | 30.00 |
| Mirae Asset Hybrid Eqt Dir | 4 star | 0.60 | 15.36 | 12.39 | 0.37 | 6,933 | 13.64 | 1.00 (365) | 7yrs 3mo | 62.00 |
Portfolio Analysis
| No. of Stocks | 37 |
| Top 10 Holdings | 41.07% |
| Top 5 Stocks | 24.32% |
| Top 3 Sectors | 39.50% |
| Portfolio P/B Ratio | 4.35 |
| Portfolio P/E Ratio | 30.54 |
| Avg Credit Rating | GOI/Cash |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 90,773 | 1,57,153 |
| Giant (%) | 42.57 | 57.49 |
| Large (%) | 17.65 | 14.27 |
| Mid (%) | 30.93 | 21.80 |
| Small (%) | 8.85 | 8.77 |
| Tiny (%) | — | 0.16 |
| Fund | Category | |
| Number of Securities | 42 | 64 |
| Modified Duration (yrs) | 1.38 | 1.86 |
| Average Maturity (yrs) | 1.58 | 2.70 |
| Yield to Maturity (%) | 6.80 | 7.15 |
| Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For SBI Retirement Benefit Fund – Aggressive Hybrid Plan
Do not invest in this, or any other aggressive hybrid fund, if you need to redeem your investment in less than five years.
Apply Online: https://www.sbimf.com/en-us/quick-invest?action=panverification&SubBrokerCode=&EUIN=E455804&arn_code=ARN-245610&subbrokerARN=&utm_source=EasyLink
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