SBI Retirement Benefit Fund - Conservative Regular IDCW NAV today
AMFI: 148687ISIN: INF200KA1T21MUTF_IN: SBI_RET_BENE_1SJS35XSBI Mutual FundRetirement funds
Formerly SBI Retirement Benefit Fund
NAV ₹14.3375
NAV for 23 Oct 2026. Declared once a day.
- Fund sizeAssets under management. The money the fund manages for all its investors, across every plan, at the end of the month.
- ₹138 CrSep 2026
- Expense ratioTotal expense ratio. What the fund charges each year as a share of the money invested, taken out of the NAV every day, so the returns shown are already after it.
- 1.44%18 Oct 2026
- Exit loadExit load. A charge, as a share of the amount redeemed, on units sold before a set period has passed since they were bought.
- None
- P/EP/E. What the fund pays for each rupee of yearly profit its companies earn: the total value of its shares divided by those companies' last four quarters of profit, each in proportion to what the fund holds. The profit leaves out one-off items (exceptional items and businesses sold or demerged), so one company's one-off gain cannot make the fund look cheap. A loss-making company lowers the profit. Shown when at least 80% of the fund's shares are counted.
- 31.930 Sep 2026
- Risk levelRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month.
- Moderately HighAug 2026
- HoldingsHoldings. The number of different securities in the fund's latest monthly portfolio: shares, bonds, money market paper and units of other funds, not cash, overnight lending or futures.
- 6430 Sep 2026
- LaunchedLaunch date. The day the fund first allotted units to investors, at the close of its new fund offer.
- 10 Feb 2021
SBI Retirement Benefit Fund - Conservative returns
Read from the regular plan's growth option: an IDCW plan's NAV falls by every payout, so it carries no return of its own
Over each window to 23 Oct 2026
| Over | ReturnTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). | BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back. | Rank in categoryRank in category. The fund's place among the funds of its category with a return over the same window, highest return first. | Category medianCategory median. The middle return of the funds in the category over the same window: half returned more, half less. | Middle halfMiddle half of the category. The returns of the fund a quarter of the way down the category and the fund a quarter of the way up, over the same window: half the category's funds returned between the two. |
|---|---|---|---|---|---|
| 1 week | −0.97% | – | – | – | – |
| 1 month | −1.97% | – | 4 of 29 | −4.07% | −7.7% to −2.8% |
| 3 months | −1.36% | – | 3 of 29 | −4.46% | −5.8% to −2.8% |
| 6 months | +0.34% | – | 4 of 29 | −2.78% | −3.7% to −1.2% |
| 1 year | −0.55% | +2.78%to 30 Sep 2026 | 6 of 29 | −4.88% | −6.6% to −2.6% |
| 3 years | +5.71% | +7.03%to 30 Sep 2026 | 19 of 27 | +6.82% | +5.7% to +8.6% |
| 5 years | +5.97% | +6.19%to 30 Sep 2026 | 15 of 25 | +6.34% | +5.1% to +7.4% |
| 10 years | Needs 10 years | – | – | +8.54% | +6.5% to +10.3% |
₹10,000 put in on 17 Feb 2021 is ₹14,298 at the NAV of 23 Oct 2026Growth of ₹10,000. What ₹10,000 put in at the NAV of the first day would be worth at the latest NAV, after the fund's expenses and before tax and any exit load.Over a year and longer, a return is the yearly rate. Benchmark: CRISIL Hybrid 85+15 - Conservative Index, over the same days as the fund, or to the month end its cell names. Rank, median and middle half among the Regular plans of Retirement funds, each fund's return to its latest NAV on or before 25 Oct 2026.
At the month end, 30 Sep 2026
| Over | FundTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). | BenchmarkBenchmark return. The change in the benchmark index's total return level over the same dates as the fund's return, as a yearly rate over a year and longer. |
|---|---|---|
| 1 year | +2.03% | +2.78% |
| 3 years | +5.91% | +7.03% |
| 5 years | +6.32% | +6.19% |
| Since launch | +6.84% | +6.66% |
Benchmark: CRISIL Hybrid 85+15 - Conservative Index. Both as the fund house states them for the month.
Return in each calendar year
- Fund, Regular GrowthCalendar year return. The change in NAV from the last NAV of one year to the last NAV of the next.
Highest year to Dec 2023, +11.3%; lowest year to Dec 2022, +4.9%
SBI Retirement Benefit Fund - Conservative SIP returns
₹10,000 on the 1st of every month, valued at the NAV of 23 Oct 2026
| Period | InvestedAmount invested. ₹10,000 on the 1st of every month, or the next day the fund priced, added up over the period. | Value todayValue today. What the units bought by every instalment are worth at the latest NAV. | Invested against value today | SIP returnSIP return (XIRR). The yearly rate that, applied to each monthly instalment from the day it was invested, gives the value of all the units today. | After stamp dutySIP return after stamp duty. The same SIP return with stamp duty of 0.005% taken from every instalment since 1 Jul 2020, so ₹10,000 buys ₹9,999.50 of units. | Stamp dutyStamp duty paid. The stamp duty on all the instalments, in rupees: 0.005% of each purchase made since 1 Jul 2020. |
|---|---|---|---|---|---|---|
| 1 year12 instalments | ₹1,20,000 | ₹1,19,713₹1,19,707 after stamp duty | −0.46% | −0.47% | ₹6 | |
| 3 years36 instalments | ₹3,60,000 | ₹3,75,048₹3,75,029 after stamp duty | +2.72% | +2.71% | ₹18 | |
| 5 years60 instalments | ₹6,00,000 | ₹6,81,078₹6,81,044 after stamp duty | +5.06% | +5.05% | ₹30 | |
| Since Feb 202168 instalments | ₹6,80,000 | ₹7,91,810₹7,91,770 after stamp duty | +5.35% | +5.35% | ₹34 |
10 years: Launched 10 Feb 2021, needs 10 years of history.
From the Regular Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
Rolling returns
Per cent a year, every window from 17 Feb 2021 to 23 Oct 2026
Lowest to highestAverage
LowestLowest rolling return. The worst yearly return of any window of this length in the fund's history, one window starting on each day it priced.AverageAverage rolling return. The average of the yearly returns of every window of this length in the fund's history.HighestHighest rolling return. The best yearly return of any window of this length in the fund's history.Ended higherWindows that ended higher. The share of all the windows of this length in which the NAV ended above where it started.
1 year1,143 windows−1.6%+7.0%+13.7%97.6%
3 years657 windows+5.7%+8.2%+10.8%100.0%
5 yearsLaunched 10 Feb 2021, needs 6 years of history
Every 3-year window ended higher than it started.From the Regular Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
SBI Retirement Benefit Fund - Conservative expense ratio and exit load
Per cent of the money invested, a year. Each month shows its last day filed; the parts were redefined from Apr 2026.
- Regular over directDirect and regular plan cost gap. The regular plan's expense ratio less the direct plan's: what buying through a distributor costs each year, since both plans own the same portfolio.
- 0.46 ptsA year, on 18 Oct 2026
- Direct, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies.
- 0.98%Over the last 30 days filed
- Regular, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies.
- 1.44%Over the last 30 days filed
Total expense ratio, month by month
- Regular plan
- Direct plan
Direct plan highest 1.04%, May 2021.Direct plan lowest 0.82%, Sep 2021.
What the expense ratio is made of
| Part | Direct | Regular |
|---|---|---|
| Base expense ratioBase expense ratio. The part of the expense ratio that pays the fund house and the distributor, before brokerage, transaction costs, levies and GST. | 0.79% | 1.19% |
| Brokerage | 0.01% | 0.01% |
| Transaction costs | 0.01% | 0.01% |
| Statutory levies | 0.17% | 0.23% |
Per cent of assets a year, filed for 18 Oct 2026. The parts add up to that day's total.
Buying and selling
- Lump-sum purchases
- Accepted
- Minimum investmentMinimum investment. The smallest amount the plan accepts for a first purchase.
- ₹5,000
- Minimum top-up
- ₹1,000
- Minimum redemption
- ₹1
- SIP
- Accepted
- SIP minimum
- ₹1,000
- STP, transfers to another fund
- Not accepted
- SWP, regular withdrawals
- Accepted
- Switches
- Accepted
- Lock-inLock-in. The time after each purchase during which those units cannot be sold.
- 5 years, or until retirement age if sooner
As listed for this plan on 24 Oct 2026.
SBI Retirement Benefit Fund - Conservative AUM
₹ crore, every plan of the fund together.
- Average assetsAverage assets under management. The money the fund managed, averaged over every day of the quarter, added up across its plans.
- ₹141 CrQuarter to Sep 2026
- In the direct plansShare of assets in the direct plans. The direct plans' average assets for the quarter as a percentage of the fund's total; the rest is in the regular plans, bought through distributors.
- 11.9%Of the quarter's average
Average assets by quarter, by plan
- Regular plans
- Direct plans
Largest ₹178 Cr, quarter to Dec 2024.
Assets at each month end
Highest ₹180 Cr, Sep 2024.The latest month end is the lowest since Jul 2022.
SBI Retirement Benefit Fund - Conservative portfolio
Portfolio disclosed for 30 Sep 2026.
Holdings on 30 Sep 2026
| Large, mid and small cap. Companies ranked by average market value over six months: the first 100 are large cap, the next 150 mid cap, the rest small cap, by the list in force for the portfolio's month. | Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | Yield to maturity. The yearly return the fund's bonds would earn if each were held to maturity at today's price, weighted by what the fund holds of each. | Held since. The first month end of the fund's current run of holding this position; marked "or earlier" where that month is the fund's first portfolio on record or the first after a gap in its portfolios. | ||||
|---|---|---|---|---|---|---|---|
| National Bank for Agriculture and Rural DevelopmentCRISIL AAA, 7.44% coupon, repaid 17 Jul 2029 | Bonds and bills | 7.20% | 9.90 | 1,000 | 7.83% | May 2026 | |
| Bharat Sanchar Nigam Ltd.CRISIL AAA(CE), repaid 22 Dec 2032 | Bonds and bills | 7.16% | 9.85 | 100 | 8.18% | Apr 2023 | |
| Summit Digitel Infrastructure Pvt. Ltd.CRISIL AAA, 7.58% coupon, repaid 30 Oct 2031 | Bonds and bills | 5.36% | 7.37 | 750 | 8.24% | Jun 2025 | |
| Torrent Power Ltd.CRISIL AA+, 8.50% coupon, repaid 7 Jun 2032 | Bonds and bills | 3.65% | 5.03 | 500 | 8.36% | Jun 2023 | |
| Cholamandalam Investment & Finance Co. Ltd.[ICRA]AA+, repaid 27 Feb 2029 | Bonds and bills | 3.64% | 5.00 | 500 | 8.88% | May 2026 | |
| Muthoot Finance Ltd.CRISIL AA+, repaid 26 Jul 2029 | Bonds and bills | 3.63% | 4.99 | 500 | 9.87% | May 2026 | |
| Knowledge Realty TrustCRISIL AAA, repaid 21 Feb 2029 | Bonds and bills | 3.61% | 4.96 | 500 | 8.16% | Jun 2026 | |
| REC Ltd.CRISIL AAA, 7.69% coupon, repaid 31 Jan 2033 | Bonds and bills | 3.60% | 4.96 | 500 | 7.85% | Jan 2023 | |
| Tata Power Renewable Energy Ltd. (Guaranteed by Tata Power Ltd.)[ICRA]AA+, 7.85% coupon, repaid 19 Sep 2034 | Bonds and bills | 3.60% | 4.96 | 500 | 8.00% | Sep 2024 | |
| Cholamandalam Investment & Finance Co. Ltd.Perpetual[ICRA]AA, 9.87% coupon | Bonds and bills | 3.57% | 4.90 | 5 | 10.18% | Sep 2026 | |
| Union Bank of India( AT1 Bond under Basel III )CRISIL AA+, 8.70% coupon | Bonds and bills | 2.91% | 4.00 | 4 | 7.51% | Dec 2021or earlier | |
| HDFC BankBanks | Shares | Large cap2nd | 1.24% | 1.71 | 24,082 | – | Feb 2021or earlier |
| ICICI BankBanks | Shares | Large cap5th | 1.17% | 1.61 | 12,150 | – | Feb 2021or earlier |
| Larsen & ToubroConstruction | Shares | Large cap8th | 0.79% | 1.08 | 2,872 | – | Dec 2021or earlier |
| State Bank of IndiaBanks | Shares | Large cap4th | 0.74% | 1.01 | 10,549 | – | Feb 2021or earlier |
Weight is per cent of the fund's net assets; value in ₹ crore.
Futures and options on 30 Sep 2026
| Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | |||
|---|---|---|---|
| ICICI Securities Primary Dealership Ltd. 04-06-2029 | 3.64% | – | – |
Weight is per cent of the fund's net assets; value in ₹ crore.
Cash and receivables on 30 Sep 2026
| Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | ||
|---|---|---|
| TREPS | 31.28% | 43.02 |
| Net Receivable / Payable | 1.79% | 2.51 |
Weight is per cent of the fund's net assets; value in ₹ crore.
- Largest holdingLargest holding. The share of the fund in its single largest position, cash and futures not counted as positions.
- 7.20%National Bank for Agriculture and Rural Development
- Top 5 holdingsTop 5 holdings. The share of the fund held in its five largest positions.
- 27.01%
- Top 10 holdingsTop 10 holdings. The share of the fund held in its ten largest positions.
- 45.02%
- Top 10 sharesTop 10 shares. The share of the fund held in its ten largest shareholdings, bonds and fund units left out.
- 6.99%
- Effective holdingsEffective number of holdings. The number of equal-sized positions that would be as concentrated as the fund's actual weights.
- 18.6Taken over 66.93% of the fund
Asset allocation
Asset allocation. What the fund owns, by kind of asset, each as a share of its net assets; futures and options are shown beside it, not in it, since they are contracts rather than assets bought.- Indian shares19.00%
- Bonds and bills47.93%
- Cash and receivables33.07%
- Futures and options, netFutures and options, net. The value of the shares or bonds the fund's contracts are written on, as a share of its net assets, a sold contract counted as a minus: a hedged fund's sold futures offset the shares it holds.3.64%
- Futures and options, grossFutures and options, gross. The value the fund's contracts are written on, as a share of its net assets, counting each contract as a plus whichever way it faces.3.64%
Per cent of the fund's net assets.
Large, mid and small cap
Large, mid and small cap. Companies ranked by average market value over six months: the first 100 are large cap, the next 150 mid cap, the rest small cap, by the list in force for the portfolio's month.- Large cap48.89%Category 60.32%
- Mid cap25.53%Category 19.10%
- Small cap23.74%Category 20.04%
Per cent of the fund's Indian shares. By the list for the six months to Jun 2026. Shares not on the list: 0.35% of the fund. Category is the average of 27 Retirement funds.
Sector allocation
Sector weight. The fund's shares grouped by the business each company is in, less the futures sold on them, each group as a share of the fund's net assets.15sectors
- Financial Services4.97%Category 17.94%
- Automobile And Auto Components2.51%Category 5.30%
- Consumer Services1.94%Category 3.46%
- Capital Goods1.79%Category 5.26%
- Healthcare1.37%Category 5.00%
- Services0.99%Category 1.87%
- Construction Materials0.93%Category 1.11%
- Chemicals0.88%Category 1.91%
- Construction0.79%Category 1.85%
- Information Technology0.74%Category 3.04%
- Consumer Durables0.71%Category 2.24%
- Realty0.69%Category 0.79%
- Fast Moving Consumer Goods0.26%Category 3.35%
- Power0.24%Category 1.31%
- Textiles0.19%Category 0.28%
Per cent of the fund's net assets, less the futures sold on its shares, Sep 2026. Category is the average of 29 Retirement funds. Category average. The sector's weight, less the futures sold on it, averaged over the 29 Retirement funds that disclosed a portfolio for Sep 2026. A fund holding none of the sector counts as 0.
Sector allocation month by month
| 13 months | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financial Services8 companies | 4.97% | 5.75% | 6.14% | 5.77% | 5.65% | 5.78% | 5.53% | 5.99% | 5.65% | 5.43% | 5.52% | 5.41% | |
| Automobile And Auto Components6 companies | 2.51% | 2.59% | 2.25% | 2.11% | 2.34% | 2.34% | 2.27% | 2.38% | 2.15% | 2.25% | 2.32% | 2.40% | |
| Consumer Services6 companies | 1.94% | 1.96% | 1.65% | 1.57% | 1.35% | 1.46% | 1.45% | 1.38% | 1.38% | 1.49% | 1.60% | 1.38% | |
| Capital Goods8 companies | 1.79% | 1.83% | 1.94% | 2.03% | 2.03% | 1.97% | 1.88% | 1.93% | 1.74% | 1.77% | 1.97% | 1.97% | |
| Healthcare4 companies | 1.37% | 0.98% | 0.94% | 0.84% | 0.27% | 0.46% | 0.72% | 0.68% | 0.77% | 0.80% | 0.81% | 0.82% | |
| Services3 companies | 0.99% | 0.61% | 0.68% | 0.59% | 0.22% | 0.21% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Construction Materials2 companies | 0.93% | 0.97% | 1.02% | 0.96% | 0.95% | 0.61% | 0.64% | 0.69% | 0.70% | 0.65% | 0.64% | 0.66% | |
| Chemicals3 companies | 0.88% | 1.00% | 0.85% | 0.59% | 0.61% | 0.56% | 0.51% | 0.51% | 0.52% | 0.51% | 0.55% | 0.29% | |
| Construction1 company | 0.79% | 0.83% | 0.80% | 0.82% | 0.86% | 0.83% | 0.78% | 0.86% | 0.79% | 0.81% | 0.81% | 0.80% | |
| Information Technology3 companies | 0.74% | 0.80% | 0.80% | 0.68% | 0.99% | 1.06% | 1.20% | 1.16% | 1.40% | 1.43% | 1.44% | 1.38% | |
| Consumer Durables3 companies | 0.71% | 0.82% | 0.91% | 1.02% | 0.99% | 0.99% | 1.03% | 1.05% | 1.06% | 1.13% | 1.18% | 1.17% | |
| Realty3 companies | 0.69% | 0.74% | 0.78% | 0.76% | 0.72% | 0.72% | 0.60% | 0.62% | 0.58% | 0.65% | 0.67% | 0.72% |
Per cent of the fund's net assets, less the futures sold on its shares, at each month end, Oct 2025 to Sep 2026; the line runs from Sep 2025.
- Yield to maturityYield to maturity. The yearly return the fund's bonds would earn if each were held to maturity at today's price, weighted by what the fund holds of each.
- 8.40%Lines stating a yield: 60.51% of the bond book
- Yield after expensesYield after expenses. The yield to maturity less the plan's expense ratio.
- 6.95%Regular plan
- Maturity date knownMaturity date known. The share of the bond book, perpetual bonds left out, whose repayment date is known: the bonds the durations and the maturity profile are taken over.
- 100.00%Of the bond book, perpetual bonds left out
- Perpetual bondsPerpetual bonds. Bonds with no maturity date: the issuer pays interest with no fixed day to repay. Their share of the bond book; they are in no duration and no maturity window.
- 8.18%Of the bond book
The bond book is the fund's bonds, bills and overnight lending.
Credit rating
Credit rating. A rating agency's grade for how likely the borrower is to repay on time: AAA down to D for loans of over a year, A1+ down to A4 for loans of under a year, two scales that are never compared.Loans of over a year
- AAA26.93%
- AA21.00%
Other
- Overnight lending31.28%
Per cent of the fund's net assets. A grade is stated for 100.00% of the bonds.
Maturity profile
Maturity profile. The fund's bonds grouped by how long until each is repaid, as a share of the fund's net assets; a bond with no known maturity date is left off.- Up to 1 month31.28%
- 1 to 3 monthsNone
- 3 to 6 monthsNone
- 6 to 12 monthsNone
- 1 to 3 years18.08%
- 3 to 5 yearsNone
- 5 to 10 years23.37%
- Over 10 yearsNone
Per cent of the fund's net assets, over the bonds whose maturity date is known; perpetual bonds have none.
- Largest borrowerLending to one borrower. The share of the fund lent to a single company or group of companies, government bonds left out.
- 7.21%Cholamandalam Investment and Finance Company Limited
- Top 5 borrowersLending to one borrower. The share of the fund lent to a single company or group of companies, government bonds left out.
- 30.58%
- Top 10 borrowersLending to one borrower. The share of the fund lent to a single company or group of companies, government bonds left out.
- 47.93%
Per cent of the fund's net assets. Lent outside the government: 47.93% of the fund, to 10 borrowers; the borrower is named for 100.00% of it, its group for 28.54%.
Bought and sold
Sep 2026 against Aug 2026, position by position.
Positions changed, month by month
- New
- Added
- Trimmed
- Sold out
- New positionsNew positions. Holdings in this month's portfolio that were not in the month before.
- 34.33% of the fund
- Sold outSold out. Holdings in last month's portfolio that are gone from this one, other than a bond or deposit repaid on its due date.
- 311.27% of the fund before
- MaturedMatured. Bonds and deposits whose repayment date fell between the two portfolios, so they were repaid rather than sold. One sold in its last days reads the same.
- 1
- Added toAdded to. Holdings with more units than the month before. Where the fund states no units, a weight that rose by more than a tenth.
- 0
- TrimmedTrimmed. Holdings with fewer units than the month before. Where the fund states no units, a weight that fell by more than a tenth.
- 1
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price.
- 61
- Traded at leastTraded at least. The smaller of the weight bought in new positions and the weight sold out of old ones, cash left out: the least the fund must have bought and sold in the month.
- 4.33%
- Weight that movedWeight that moved. Half the sum of every position's change in weight between the two month ends, new and sold positions included; price moves alone raise it.
- 12.21%
Changes in Sep 2026
| What changed. New: not held the month before. Added or trimmed: more or fewer units than the month before, or, where no units are stated, a weight that moved by more than a tenth. Sold out: held the month before, gone now. Matured: a bond or deposit whose repayment date fell between the two portfolios, so it was repaid rather than sold (one sold in its last days reads the same). | Change in weight. The holding's weight this month less its weight the month before, in percentage points; a price move alone changes it. | ||||
|---|---|---|---|---|---|
| 6.94% CGL 2036 | Sold out | – | 10.67% | −10.67 pts | −15,00,000 |
| Cholamandalam Investment & Finance Co. Ltd.Perpetual | New | 3.57% | 0.00% | +3.57 pts | +5 |
| Axis Bank | Sold out | – | 0.54% | −0.54 pts | −5,825 |
| CORONA Remedies | New | 0.41% | 0.00% | +0.41 pts | +2,668 |
| Elevate Campuses | New | 0.35% | 0.00% | +0.35 pts | +15,035 |
| Sudeep Pharma | Trimmed | 0.25% | 0.33% | −0.08 pts | −950 |
| Kajaria Ceramics | Sold out | – | 0.06% | −0.06 pts | −645 |
| TVS Motor Company Ltd. | Matured | – | 0.01% | −0.01 pts | – |
Weights are per cent of the fund's net assets; a change in weight is in percentage points.
Holdings month by month
| Holding | Oct 25 | Nov 25 | Dec 25 | Jan 26 | Feb 26 | Mar 26 | Apr 26 | May 26 | Jun 26 | Jul 26 | Aug 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| National Bank for Agriculture and Rural Development | – | – | – | – | – | – | – | 6.82%Bought | 6.94% | 7.10% | 7.07% | 7.20% |
| Bharat Sanchar Nigam Ltd. | 5.90% | 5.92% | 5.89% | 5.90% | 6.28% | 6.82% | 6.76% | 6.83% | 7.00% | 7.15% | 7.09% | 7.16% |
| Summit Digitel Infrastructure Pvt. Ltd. | 4.35% | 4.39% | 4.36% | 4.38% | 4.66% | 5.08% | 5.04% | 5.11% | 5.22% | 5.33% | 5.30% | 5.36% |
| Torrent Power Ltd. | 3.00% | 3.01% | 2.99% | 3.00% | 3.19% | 3.52% | 3.45% | 3.48% | 3.56% | 3.64% | 3.62% | 3.65% |
| Cholamandalam Investment & Finance Co. Ltd. | – | – | – | – | – | – | – | 3.45%Bought | 3.45% | 3.54% | 3.55% | 3.64% |
| Muthoot Finance Ltd. | – | – | – | – | – | – | – | 3.45%Bought | 3.48% | 3.55% | 3.54% | 3.63% |
| Knowledge Realty Trust | – | – | – | – | – | – | – | – | 3.47%Bought | 3.55% | 3.54% | 3.61% |
| REC Ltd. | 2.95% | 2.97% | 2.94% | 2.96% | 3.15% | 3.43% | 3.38% | 3.43% | 3.52% | 3.60% | 3.56% | 3.60% |
| Tata Power Renewable Energy Ltd. (Guaranteed by Tata Power Ltd.) | 2.93% | 2.94% | 2.93% | 2.97% | 3.16% | 3.33% | 3.32% | 3.35% | 3.47% | 3.56% | 3.61% | 3.60% |
| Cholamandalam Investment & Finance Co. Ltd.Perpetual | – | – | – | – | – | – | – | – | – | – | – | 3.57%Bought |
| Union Bank of India( AT1 Bond under Basel III ) | 2.30% | 2.31% | 2.31% | 2.34% | 2.48% | 2.74% | 2.71% | 2.76% | 2.77% | 2.84% | 2.85% | 2.91% |
 HDFC Bank | 1.73%Cut | 1.77% | 1.64%Cut | 1.56% | 1.53%Cut | 1.40% | 1.46% | 1.44% | 1.44%Cut | 1.33%Cut | 1.22%Cut | 1.24% |
 ICICI Bank | 1.21%Cut | 1.25% | 1.11%Cut | 1.13% | 1.17%Cut | 1.14% | 1.18% | 1.14%Cut | 1.20%Cut | 1.24%Cut | 1.26% | 1.17% |
 Larsen & Toubro | 0.80%Cut | 0.81% | 0.81% | 0.79% | 0.86%Cut | 0.78% | 0.83%Cut | 0.86% | 0.82%Cut | 0.80% | 0.83% | 0.79% |
 State Bank of India | 0.73% | 0.76% | 0.72%Cut | 0.80% | 0.94% | 0.85% | 0.87%Cut | 0.75%Cut | 0.80% | 0.82% | 0.80%Cut | 0.74% |
Per cent of the fund's net assets at each month end, Oct 2025 to Sep 2026. Under it, the change on the fund's previous month. "After a gap" is a holding after a month with no portfolio on record, so when it was bought is not known; "Not filed" is one gone across such a gap.
Portfolio turnover, per cent of assets a year
- TurnoverPortfolio turnover. How much of the portfolio the fund bought or sold over the last year, as a share of its assets, as the fund house states it.
Highest 519.7% in Sep 2023
Risk ratios
NAV to 23 Oct 2026
Each bar runs from the lowest to the highest figure among the Regular plans of Retirement funds (26 funds) over the same 3 years; the tick is their average and the dot this fund.
How much the NAV moves
Standard deviationStandard deviation. How far the fund's monthly returns spread around their average, stated as a yearly figure: the wider the spread, the more the NAV moves.4.91%
1.41%Lowest9.92%Average16.81%Highest
Downside deviationDownside deviation. Standard deviation counting only the months in which the fund lost money, stated as a yearly figure.2.98%
0.55%Lowest6.30%Average10.50%Highest
Sharpe ratioSharpe ratio. The monthly return above the 91-day Treasury bill yield, divided by its standard deviation and stated for a year: the extra return for each unit of movement in the NAV.−0.01
−1.01Lowest0.14Average0.69Highest
Sortino ratioSortino ratio. The monthly return above the 91-day Treasury bill yield, divided by how far it fell below that yield and stated for a year: the extra return for each unit of movement on the way down.−0.01
−1.12Lowest0.22Average1.13Highest
From the Regular Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
Largest falls
| Largest over | FallLargest fall. The biggest drop in NAV from a high to the low that followed, before the NAV went back above that high. | High on | Low on | Back at the highBack at the high. The first day the NAV closed at or above the high it had fallen from. |
|---|---|---|---|---|
| 1, 3 and 5 years and since Feb 2021 | −4.55% | 2 Jan 2026 | 30 Mar 2026 | 18 Jun 2026 |
Risk level by month
| Months | FundRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month. | BenchmarkBenchmark's risk level. The riskometer level of the fund's benchmark index for the same month, on the same six-step scale as the fund's own. |
|---|---|---|
| Oct 2025 to Aug 202611 months | Moderately High | Moderately HighCRISIL Hybrid 85+15 - Conservative Index |
| May 2025 to Sep 20255 months | Moderately High | ModerateCRISIL Hybrid 85+15 - Conservative Index |
| Jul 2023 to Apr 202522 months | Moderately High | Moderately HighCRISIL Hybrid 85+15 - Conservative Index |
| Jan 2022 to Jun 202318 months | Moderately High | ModerateNifty Composite Debt Index |
The riskometer at each month end, the fund's and its benchmark's. A month with none on record is left out.
SBI Retirement Benefit Fund - Conservative fund managers
Managers now
| Manager | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. | Portfolio changed after the handover. How much of the portfolio was different three months after the manager took over: half the sum of every holding's change in weight, with each side's holdings scaled to add up to 100 so a move into cash does not count. | Portfolio changed before the handover. The same measure over the three months before the manager took over, since portfolios change anyway. | Assets the manager runs. The latest monthly size of every fund the manager runs now, added up; a fund run with others counts in full for each of its managers, and the line under it counts only the funds they run alone. | ||
|---|---|---|---|---|---|---|---|---|
| Ardhendu Bhattacharya | Jun 2021 | +6.48%a year | – | – | 73.7% | 84.5% | 13 | ₹97,010 Cr₹6,219 Cr alone |
| Rohit Shimpi | Oct 2021 | +6.19%a year | – | – | 70.8% | 73.7% | 8 | ₹25,604 Cr₹20,565 Cr alone |
Returns are the regular plan's growth NAV, from the day each took over to the latest NAV, beside the benchmark over the same days.
Other funds they run
| Fund | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. | ||
|---|---|---|---|---|---|
| SBI Arbitrage FundArdhendu Bhattacharya | Dec 2024 | +6.31%a year | – | – | ₹46,309 Cr |
| SBI Corporate Bond FundArdhendu Bhattacharya | Dec 2023 | +6.68%a year | – | – | ₹21,803 Cr |
| SBI Ultra Short Term FundArdhendu Bhattacharya | Dec 2023 | +6.91%a year | – | – | ₹11,237 Cr |
| SBI Banking & PSU Debt FundArdhendu Bhattacharya | Dec 2023 | +6.71%a year | – | – | ₹3,512 Cr |
| SBI Nifty 10 yr Benchmark G-Sec ETFArdhendu Bhattacharya | Dec 2023 | +5.91%a year | +6.02% | −0.11 pts | ₹3,226 Cr |
| SBI Retirement Benefit Fund - AggressiveArdhendu Bhattacharya | Jun 2021 | +10.83%a year | – | – | ₹3,066 Cr |
| SBI Dynamic Asset Allocation Active FoFArdhendu Bhattacharya | Sep 2025 | −0.16%a year | – | – | ₹2,214 Cr |
| SBI Income Plus Arbitrage Active FOFArdhendu Bhattacharya | Apr 2025 | +5.24%a year | – | – | ₹1,747 Cr |
| SBI Retirement Benefit Fund - Aggressive HybridArdhendu Bhattacharya | Jun 2021 | +10.59%a year | – | – | ₹1,587 Cr |
| SBI Long Term FundArdhendu Bhattacharya | Jul 2025 | +0.56%a year | – | – | ₹1,246 Cr |
Up to ten funds a manager, largest first. Returns are the regular plan's.
Portfolio overlap
Funds holding the most of the same securities, by weight.
Closest funds in the category
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. | Shared holdings. The number of securities both funds hold, cash and futures left out. | |
|---|---|---|
| SBI Retirement Benefit Fund - Conservative HybridSBI Mutual Fund | 44.78% | 64 |
| SBI Retirement Benefit Fund - AggressiveSBI Mutual Fund | 19.00% | 53 |
| SBI Retirement Benefit Fund - Aggressive HybridSBI Mutual Fund | 19.00% | 53 |
| Axis Retirement Fund - AggressiveAxis Mutual Fund | 8.60% | 20 |
| PGIM India Retirement FundPGIM India Mutual Fund | 8.17% | 17 |
| Axis Retirement Fund - DynamicAxis Mutual Fund | 8.09% | 19 |
| Baroda BNP Paribas Retirement FundBaroda BNP Paribas Mutual Fund | 7.82% | 13 |
| Aditya Birla Sun Life Retirement Fund-The 40sAditya Birla Sun Life Mutual Fund | 6.96% | 12 |
| HDFC Retirement Fund - EquityHDFC Mutual Fund | 6.73% | 11 |
| Union Retirement FundUnion Mutual Fund | 6.70% | 13 |
Portfolios for Sep 2026. Overlap is per cent of the portfolio the two funds hold in common.
Changes to the fund
Newest first.
2026
- 1 AprExpenseExpense ratio stated under the new rules: a base ratio, with brokerage, levies and GST on top
2023
- 31 AugBenchmarkBenchmark: Nifty Composite Debt Index to CRISIL Hybrid 85+15 - Conservative Index
Fund details
Objective
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.
Asset allocation
- Debt, debt related instruments and money market instruments: 80%-100% (Low to Moderate risk);
- Equity and Equity related instruments: 0%-20% (High risk);
- Units issued by REITs and InVITs: 0%-10% (Medium to High risk);
- Gold ETFs: 0%-20% (Medium to High risk)
- Stated category
- Solution Oriented Schemes
- BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back.
- NIFTY Composite Debt Index
- Risk level at launchRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month.
- Moderate
- New fund offer
- 20 Jan 2021 to 3 Feb 2021
- Units first allotted
- 10 Feb 2021
- Price at the offer
- ₹10 a unit
- Minimum at the offer
- ₹5,000
Plans and codes
| Plan | AMFI code | ISIN | MUTF_IN | First NAV |
|---|---|---|---|---|
| Direct Growth | 148688 | INF200KA1T39 | SBI_RET_BENE_1WKY4SM | 17 Feb 2021 |
| Regular Growth | 148696 | INF200KA1T13 | SBI_RET_BENE_SQ4GOX | 17 Feb 2021 |
| Direct IDCW | 148689 | INF200KA1T47 | SBI_RET_BENE_Q9MOF2 | 17 Feb 2021 |
| Regular IDCW | 148687 | INF200KA1T21 | SBI_RET_BENE_1SJS35X | 17 Feb 2021 |
This fund
- Scheme information document (opens in a new tab)The fund's objective, terms, costs and risks in full
Factsheet
- All SBIMF Schemes Factsheet September 2026 (opens in a new tab)SBI Mutual Fund, Sep 2026
Statement of additional information
- SAI SBI Mutual Fund (opens in a new tab)SBI Mutual Fund, Sep 2026
Annual report
- Scheme Annual Report 2025-26 (annual report 2025-26) (opens in a new tab)SBI Mutual Fund, Mar 2026
- SBI GILT FUND (abridged annual report 2025-26) (opens in a new tab)SBI Mutual Fund, Mar 2026
- SBI FIXED MATURITY PLAN (FMP)- SERIES 60 (abridged annual report 2025-26) (opens in a new tab)SBI Mutual Fund, Mar 2026
- SBI LONG TERM ADVANTAGE FUND - SERIES III (abridged annual report 2025-26) (opens in a new tab)SBI Mutual Fund, Mar 2026
Riskometer disclosure
- Disclosure On Changes In Riskometer Levels 2025-26 (opens in a new tab)SBI Mutual Fund, Mar 2026
Portfolio overlap disclosure
- Portfolio Overlap Disclosure - September 2026 (opens in a new tab)SBI Mutual Fund, Sep 2026