November 10, 2022
mayank
SBI Retirement Benefit Fund – Conservative Hybrid Plan
NAV Growth: Rs 12.0600
NAV IDCW: Rs 12.0587
Suitable For Which Investors?
“Conservative hybrid funds invest roughly a quarter of your money in equity shares and the rest in bonds. These funds are suitable for those who cannot withstand too much volatility in the value of their investments and are content with moderate returns which are slightly higher than returns from fixed income options.
They may also suit those looking for a regular income from their accumulation. The debt portion of these funds provides a moderate, but steady stream of income. The small equity allocation though adds a bit of volatility, but helps boost returns to keep up with the rate of inflation over the long term.
Invest only if your investment horizon is three years or more. To derive dependable income with some degree of inflation protection, invest your accumulated savings in these funds gradually over at least a few months, and then maintain a withdrawal rate in the range of 4-6 per cent of the value of your investment every year.”
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 | 11.33% |
| Benchmark | CRISIL Hybrid 65+35 Conservative |
| Riskometer | High |
| Type | Open-ended |
| Assets | Rs 201 Cr |
| (As on 31-Oct-2022) | |
| Expense Ratio | 1.12% |
| (As on 30-Sep-2022) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | — |
SBI Retirement Benefit Fund – Conservative Hybrid Plan Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| SBI Retrmnt Benefit Cons Hybrid Dir | 5.64 | -0.1 | 1.18 | 2.96 | 9.12 | 5.07 | — | — | — | — |
| VR MIP TRI | 3.73 | 0.24 | 2.44 | 2.72 | 6.54 | 2.87 | — | — | — | — |
| Hybrid: Conservative Hybrid | 3.69 | 0 | 1.14 | 1.92 | 5.12 | 3.42 | — | — | — | — |
| Rank within category | 4 | 31 | 20 | 5 | 1 | 5 | — | — | — | — |
| Number of funds in category | 35 | 36 | 36 | 36 | 36 | 35 | 31 | 29 | 28 | 0 |
SBI Retirement Benefit Fund – Conservative Hybrid Plan 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 Cons Hybrid Dir | Unrated | 5.07 | — | — | 1.12 | 201 | 11.33 | — | 1yrs 9mo | — |
| SBI Cons Hybrid Dir | 4 star | 4.49 | 11.34 | 8.44 | 0.57 | 6,807 | 9.78 | 1.00 (365) | 9yrs 10mo | — |
| ICICI Pru Regular Svngs Dir | 5 star | 4.83 | 9.73 | 8.90 | 0.99 | 3,303 | 10.63 | 1.00 (365) | 9yrs 10mo | 47.00 |
| Kotak Debt Hybrid Dir | 5 star | 4.12 | 12.16 | 9.66 | 0.44 | 1,601 | 10.7 | 1.00 (180) | 9yrs 10mo | 24.23 |
| Canara Robeco Cons Hybrid Dir | 5 star | 3.30 | 10.28 | 9.05 | 0.56 | 1,143 | 9.79 | 1.00 (365) | 9yrs 10mo | 244.00 |
Portfolio Analysis
| Number of Stocks | 36 |
| Number of Bonds | 8 |
| Average Maturity (yrs) | 9.42 |
| Top 10 Holdings | 67.32% |
| Portfolio P/B Ratio | 4.29 |
| Portfolio P/E Ratio | 29.96 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 93,841 | 1,91,382 |
| Giant (%) | 44.15 | 58.84 |
| Large (%) | 18.44 | 15.65 |
| Mid (%) | 30.31 | 18.79 |
| Small (%) | 8.37 | 9.30 |
| Tiny (%) | — | — |
| Fund | Category | |
| Number of Securities | 44 | 55 |
| Modified Duration (yrs) | 4.75 | 2.72 |
| Average Maturity (yrs) | 9.42 | 4.55 |
| Yield to Maturity (%) | 7.38 | 7.25 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For SBI Retirement Benefit Fund – Conservative Hybrid Plan
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