SBI Retirement Benefit Fund - Conservative Hybrid Plan
Retirement SolutionsHighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹15.76+0.16%1 day
- Return since launch
- 8.3%
- 52-week range
- ₹14.69 — ₹16.00
- AUM
- ₹255 Cr
SBI Retirement Benefit Fund - Conservative Hybrid Plan is a Retirement Solutions hybrid fund from SBI Mutual Fund with ₹255 Cr under management, launched in 2021. Over three years it has returned 3.8% a year, against 8.0% for its category. The expense ratio is 1.76% and the SEBI riskometer reading is High.
Performance
SBI Retirement Benefit Fund - Conservative Hybrid Plan NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +2.0% against +0.2% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 2.3% | +0.8 pts | 1.5% | -0.7% |
| 2Y | 2.5% | 0.0 pts | 2.5% | 1.5% |
| 3Y | 3.8% | −4.2 pts | 8.0% | 3.9% |
| 5Y | 6.4% | −0.5 pts | 7.0% | 7.0% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -1.4% | +0.9 pts | -2.4% | -2.0% |
| 3M | 0.0% | +0.6 pts | -0.5% | -1.0% |
| 6M | 6.3% | +0.6 pts | 5.7% | 5.5% |
| 1Y | 1.9% | +0.4 pts | 1.5% | 0.2% |
| 2Y | 0.9% | +0.6 pts | 0.3% | 0.8% |
| 3Y | 6.4% | −1.6 pts | 8.0% | 8.0% |
| 5Y | 7.1% | +0.1 pts | 7.0% | 6.9% |
Since launch (20 Jan 2021): 8.3%
Calendar-year returns
Category average5.0%
15.2%
9.3%
5.0%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 5.0% | −1.5 pts | 6.5% |
| 2024 | 9.3% | −5.5 pts | 14.8% |
| 2023 | 15.2% | −3.4 pts | 18.6% |
| 2022 | 5.0% | +2.6 pts | 2.4% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
1.77%
Expense ratio as on 24 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.45%
- Brokerage
- 0.02%
- Transaction charges
- 0.00%
- Statutory levies
- 0.30%
- Exit load
- 0%
- Lock-in
- 5 years
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- CRISIL Hybrid 65+35 Conservative
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
High
Your principal is treated as being at high risk — typically diversified and large cap equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | — | — | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.21 | 0.56 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.25 | 0.72 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 6.92 | 12.81 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
SBI Retirement Benefit Fund - Conservative Hybrid Plan portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity39.3%
- Debt55.1%
- Other5.6%
Market cap split
- Large52.4%
- Mid25.5%
- Small22.1%
- P/E
- 30.15
- P/B
- 4.08
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| GOI | Sovereign | 10.11% | ₹25.78 Cr | +1.92% | +3.56% | +13.85% |
| Deutsche Bank AG (India) | Financial | 9.81% | ₹25.00 Cr | — | — | — |
| Tamilnadu State | Others | 7.90% | ₹20.14 Cr | — | — | — |
| Others | Others | 5.63% | ₹14.34 Cr | -7.56% | +3.98% | -1.30% |
| Bharat Sanchar Nigam Ltd | Communication | 3.90% | ₹9.95 Cr | +3.93% | +3.78% | +3.66% |
| National Bank For Agriculture & Rural Development | Financial | 3.90% | ₹9.93 Cr | +3.93% | — | — |
| Summit Digitel Infrastructure Pvt. Ltd. | Communication | 2.92% | ₹7.44 Cr | +2.94% | +2.81% | +2.72% |
| HDFC Bank Ltd. | Financial | 2.48% | ₹6.31 Cr | +2.84% | +3.17% | +3.55% |
| ICICI Bank Ltd. | Financial | 2.48% | ₹6.31 Cr | +2.17% | +2.33% | +2.57% |
| Torrent Power Ltd. | Energy | 2.45% | ₹6.24 Cr | +1.08% | +1.12% | +0.84% |
| Tata Power Renewable Energy Ltd. | Capital Goods | 1.99% | ₹5.07 Cr | +1.93% | +1.90% | +1.82% |
| Power Finance Corporation Ltd. | Financial | 1.97% | ₹5.01 Cr | +1.99% | +1.88% | +1.82% |
| ICICI Securities Primary Dealership Ltd. | Financial | 1.96% | ₹5.00 Cr | — | — | — |
| REC Ltd. | Financial | 1.96% | ₹5.00 Cr | +1.98% | +1.90% | +1.83% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 1.96% | ₹4.99 Cr | +1.99% | — | +0.50% |
| Knowledge Realty Trust | Construction | 1.95% | ₹4.98 Cr | — | — | — |
| Muthoot Finance Ltd. | Financial | 1.95% | ₹4.97 Cr | +1.99% | — | — |
| Larsen & Toubro Ltd. | Construction | 1.66% | ₹4.22 Cr | +1.80% | +1.76% | +1.61% |
| State Bank of India | Financial | 1.60% | ₹4.07 Cr | +1.47% | +1.83% | +1.26% |
| Maruti Suzuki India Ltd. | Automobile | 1.30% | ₹3.32 Cr | +1.48% | +1.56% | +1.78% |
| Ultratech Cement Ltd. | Materials | 1.19% | ₹3.03 Cr | +1.21% | +1.34% | +1.28% |
| Axis Bank Ltd. | Financial | 1.15% | ₹2.93 Cr | +1.26% | +1.26% | +1.02% |
| Urban Company Ltd. | Consumer Staples | 1.05% | ₹2.68 Cr | +0.86% | +0.88% | — |
| Kotak Mahindra Bank Ltd. | Financial | 1.04% | ₹2.66 Cr | +1.07% | +1.08% | +0.98% |
| Bajaj Finance Ltd. | Financial | 0.99% | ₹2.52 Cr | +0.94% | +0.96% | — |
| JSW Infrastructure Ltd. | Services | 0.88% | ₹2.24 Cr | — | — | — |
| Lenskart Solutions Ltd. | Consumer Discretionary | 0.87% | ₹2.20 Cr | — | — | — |
| Anthem Biosciences Ltd. | Healthcare | 0.84% | ₹2.14 Cr | — | — | — |
| Hyundai Motor India Ltd. | Automobile | 0.80% | ₹2.03 Cr | — | — | — |
| Union Bank of India | Financial | 0.79% | ₹2.00 Cr | +0.79% | +0.75% | +0.72% |
| Central Depository Services (India) Ltd. | Financial | 0.76% | ₹1.95 Cr | — | — | — |
| JSW Cement Ltd. | Materials | 0.76% | ₹1.93 Cr | +0.79% | — | — |
| TVS Motor Company Ltd. | Automobile | 0.74% | ₹1.89 Cr | +0.58% | +0.73% | +0.71% |
| Timken India Ltd. | Capital Goods | 0.71% | ₹1.82 Cr | +0.83% | +0.84% | +0.76% |
| Sona BLW Precision Forgings Ltd. | Automobile | 0.71% | ₹1.81 Cr | +0.62% | +0.51% | +0.40% |
| Divi's Laboratories Ltd. | Healthcare | 0.71% | ₹1.80 Cr | +0.50% | +0.45% | +0.70% |
| Navin Fluorine International Ltd. | Chemicals | 0.68% | ₹1.74 Cr | +0.57% | +0.46% | +0.48% |
| Sudeep Pharma Ltd. | Healthcare | 0.67% | ₹1.71 Cr | — | — | — |
| Schaeffler India Ltd. | Capital Goods | 0.67% | ₹1.71 Cr | +0.70% | +0.69% | +0.77% |
| Pidilite Industries Ltd. | Chemicals | 0.66% | ₹1.69 Cr | +0.59% | +0.55% | — |
| Asian Paints Ltd. | Materials | 0.66% | ₹1.67 Cr | +0.67% | +0.56% | +0.65% |
| Bajaj Finserv Ltd. | Financial | 0.62% | ₹1.59 Cr | +0.65% | +0.68% | — |
| Jubilant FoodWorks Ltd. | Services | 0.62% | ₹1.57 Cr | +0.54% | +0.61% | +0.82% |
| The Indian Hotels Company Ltd. | Services | 0.61% | ₹1.55 Cr | +0.55% | +0.52% | — |
| Tech Mahindra Ltd. | Technology | 0.61% | ₹1.55 Cr | — | — | — |
| Thermax Ltd. | Capital Goods | 0.60% | ₹1.52 Cr | +0.77% | +0.45% | +0.31% |
| FSN E-Commerce Ventures Ltd. | Services | 0.60% | ₹1.52 Cr | +0.45% | +0.43% | +0.45% |
| Coforge Ltd. | Technology | 0.59% | ₹1.50 Cr | — | — | — |
| Grindwell Norton Ltd. | Metals & Mining | 0.58% | ₹1.48 Cr | +0.68% | +0.57% | +0.52% |
| ZF Commercial Vehicle Control Systems India Ltd. | Automobile | 0.57% | ₹1.46 Cr | +0.67% | +0.65% | +0.68% |
| Balrampur Chini Mills Ltd. | Consumer Staples | 0.57% | ₹1.46 Cr | +0.51% | +0.44% | +0.48% |
| Oberoi Realty Ltd. | Construction | 0.55% | ₹1.40 Cr | +0.51% | +0.42% | — |
| ABB India Ltd. | Capital Goods | 0.52% | ₹1.32 Cr | +0.50% | +0.39% | +0.31% |
| Berger Paints India Ltd. | Materials | 0.51% | ₹1.29 Cr | +0.52% | +0.44% | — |
| Interglobe Aviation Ltd. | Services | 0.49% | ₹1.26 Cr | +0.42% | — | — |
| Godrej Properties Ltd. | Construction | 0.48% | ₹1.23 Cr | +0.43% | +0.39% | +1.80% |
| DLF Ltd. | Construction | 0.47% | ₹1.21 Cr | +0.41% | +0.39% | +0.46% |
| Voltas Ltd. | Consumer Discretionary | 0.47% | ₹1.19 Cr | +0.49% | +0.58% | — |
| Honeywell Automation India Ltd. | Capital Goods | 0.46% | ₹1.17 Cr | +0.56% | +0.46% | +0.55% |
| LTM Limited | Technology | 0.45% | ₹1.14 Cr | +0.40% | +0.41% | +0.46% |
| Biocon Ltd. | Healthcare | 0.44% | ₹1.11 Cr | — | — | — |
| HDB Financial Services Ltd. | Financial | 0.40% | ₹1.02 Cr | +0.40% | +0.39% | +0.42% |
| Page Industries Ltd. | Textiles | 0.37% | ₹0.93 Cr | +0.49% | +0.38% | +0.51% |
| Pitti Engineering Ltd. | Capital Goods | 0.36% | ₹0.92 Cr | +0.31% | +0.28% | +0.28% |
| Brigade Hotel Ventures Ltd. | Services | 0.32% | ₹0.81 Cr | +0.34% | +0.31% | +0.43% |
| Carborundum Universal Ltd. | Metals & Mining | 0.30% | ₹0.76 Cr | +0.38% | +0.28% | +0.30% |
| Esab India Ltd. | Capital Goods | 0.13% | ₹0.34 Cr | +0.38% | +0.40% | +0.36% |
| Kajaria Ceramics Ltd. | Materials | 0.13% | ₹0.34 Cr | +0.50% | +0.42% | +0.70% |
| TVS Motor Company Ltd - Pref. Shares | Automobile | 0.01% | ₹0.03 Cr | +0.01% | +0.01% | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Deutsche Bank AG (India) | 0.00% | 9.81% | +9.81% |
| GOI | 6.31% | 10.11% | +3.80% |
| Others | -6.14% | -9.90% | -3.77% |
| Infosys Ltd. | 1.00% | 0.00% | -1.00% |
| Hyundai Motor India Ltd. | 0.00% | 0.80% | +0.80% |
| Tech Mahindra Ltd. | 0.00% | 0.61% | +0.61% |
| Coforge Ltd. | 0.00% | 0.59% | +0.59% |
| ACME Solar Holdings Ltd. | 0.58% | 0.00% | -0.58% |
| ICICI Prudential Life Insurance Company Ltd. | 0.40% | 0.00% | -0.40% |
| Lenskart Solutions Ltd. | 0.47% | 0.87% | +0.40% |
| Urban Company Ltd. | 0.81% | 1.05% | +0.24% |
| HDFC Bank Ltd. | 2.71% | 2.48% | -0.23% |
| Sudeep Pharma Ltd. | 0.48% | 0.67% | +0.19% |
| Maruti Suzuki India Ltd. | 1.48% | 1.30% | -0.18% |
| Bajaj Finance Ltd. | 1.16% | 0.99% | -0.17% |
| Esab India Ltd. | 0.28% | 0.13% | -0.15% |
| Honeywell Automation India Ltd. | 0.60% | 0.46% | -0.14% |
| Divi's Laboratories Ltd. | 0.60% | 0.71% | +0.11% |
| Kajaria Ceramics Ltd. | 0.23% | 0.13% | -0.10% |
| Navin Fluorine International Ltd. | 0.59% | 0.68% | +0.09% |
| Carborundum Universal Ltd. | 0.39% | 0.30% | -0.09% |
| Tamilnadu State | 7.99% | 7.90% | -0.09% |
| Anthem Biosciences Ltd. | 0.76% | 0.84% | +0.08% |
| JSW Infrastructure Ltd. | 0.80% | 0.88% | +0.08% |
| Jubilant FoodWorks Ltd. | 0.54% | 0.62% | +0.08% |
| Kotak Mahindra Bank Ltd. | 0.97% | 1.04% | +0.07% |
| Torrent Power Ltd. | 0.53% | 0.46% | -0.07% |
| Axis Bank Ltd. | 1.08% | 1.15% | +0.07% |
| Thermax Ltd. | 0.66% | 0.60% | -0.06% |
| Pitti Engineering Ltd. | 0.30% | 0.36% | +0.06% |
| Sona BLW Precision Forgings Ltd. | 0.77% | 0.71% | -0.06% |
| State Bank of India | 1.54% | 1.60% | +0.06% |
| Larsen & Toubro Ltd. | 1.71% | 1.66% | -0.05% |
| Voltas Ltd. | 0.52% | 0.47% | -0.05% |
| Bharat Sanchar Nigam Ltd | 3.95% | 3.90% | -0.05% |
| Page Industries Ltd. | 0.41% | 0.37% | -0.04% |
| Central Depository Services (India) Ltd. | 0.72% | 0.76% | +0.04% |
| JSW Cement Ltd. | 0.80% | 0.76% | -0.04% |
| Ultratech Cement Ltd. | 1.23% | 1.19% | -0.04% |
| ICICI Bank Ltd. | 2.44% | 2.48% | +0.04% |
| Pidilite Industries Ltd. | 0.63% | 0.66% | +0.03% |
| ZF Commercial Vehicle Control Systems India Ltd. | 0.54% | 0.57% | +0.03% |
| Grindwell Norton Ltd. | 0.61% | 0.58% | -0.03% |
| REC Ltd. | 1.99% | 1.96% | -0.03% |
| ABB India Ltd. | 0.49% | 0.52% | +0.03% |
| FSN E-Commerce Ventures Ltd. | 0.57% | 0.60% | +0.03% |
| DLF Ltd. | 0.45% | 0.47% | +0.02% |
| Asian Paints Ltd. | 0.68% | 0.66% | -0.02% |
| National Bank For Agriculture & Rural Development | 3.92% | 3.90% | -0.02% |
| Berger Paints India Ltd. | 0.53% | 0.51% | -0.02% |
| Summit Digitel Infrastructure Pvt. Ltd. | 2.94% | 2.92% | -0.02% |
| Godrej Properties Ltd. | 0.50% | 0.48% | -0.02% |
| Tata Power Renewable Energy Ltd. | 1.97% | 1.99% | +0.02% |
| LTM Limited | 0.43% | 0.45% | +0.02% |
| Biocon Ltd. | 0.45% | 0.44% | -0.01% |
| TVS Motor Company Ltd. | 0.73% | 0.74% | +0.01% |
| Schaeffler India Ltd. | 0.68% | 0.67% | -0.01% |
| Muthoot Finance Ltd. | 1.96% | 1.95% | -0.01% |
| Oberoi Realty Ltd. | 0.54% | 0.55% | +0.01% |
| Cholamandalam Investment and Finance Company Ltd. | 1.95% | 1.96% | +0.01% |
| Knowledge Realty Trust | 1.96% | 1.95% | -0.01% |
| Union Bank of India | 0.78% | 0.79% | +0.01% |
| ICICI Securities Primary Dealership Ltd. | 1.96% | 1.96% | +0.01% |
| Timken India Ltd. | 0.71% | 0.71% | 0.00% |
| Power Finance Corporation Ltd. | 1.97% | 1.97% | 0.00% |
| Interglobe Aviation Ltd. | 0.49% | 0.49% | 0.00% |
| Bajaj Finserv Ltd. | 0.62% | 0.62% | 0.00% |
| Brigade Hotel Ventures Ltd. | 0.32% | 0.32% | 0.00% |
| The Indian Hotels Company Ltd. | 0.61% | 0.61% | 0.00% |
| HDB Financial Services Ltd. | 0.40% | 0.40% | 0.00% |
| Balrampur Chini Mills Ltd. | 0.57% | 0.57% | 0.00% |
| TVS Motor Company Ltd - Pref. Shares | 0.01% | 0.01% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹936 Cr | 2.43% | 1.7% | 5.5% | 9.5% |
 Tata Retirement Savings Moderate Fund | ₹2,251 Cr | 2.17% | 6.1% | 6.5% | 10.0% |
 ICICI Prudential Retirement Fund - Hybrid Aggressive Plan | ₹1,320 Cr | 2.48% | 4.6% | 9.8% | 14.3% |
 Axis Retirement Fund - Aggressive Plan | ₹706 Cr | 2.50% | -2.1% | 2.8% | 6.9% |
| Axis Retirement Fund - Dynamic Plan | ₹285 Cr | 2.57% | -0.7% | 3.4% | 7.6% |
 Aditya Birla Sun Life Retirement Fund - The 40s Plan | ₹116 Cr | 2.42% | 0.6% | 5.1% | 8.4% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
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 managers
- Ardhendu BhattacharyaMr. Bhattacharya is a MBA (Marketing) and Bachelor of Engineering.Prior to joining SBI Mutual Fund, he has worked with ICICI Bank and Citibank.
- Rohit ShimpiMr. Shimpi is a B. Com., PGDBM (Finance), CFA.Prior to joining SBI Mutual Fund, he has worked with CNBC TV18, JP Morgans offshore research centre and HDFC Standard Life Insurance.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months6.31% absolute | ₹60,000 | ₹63,786 | 6.31% | |
| 1 year1.95% annualised | ₹1,20,000 | ₹1,21,275 | 1.06% | |
| 3 years6.43% annualised | ₹3,60,000 | ₹3,98,023 | 10.56% | |
| 5 years7.07% annualised | ₹6,00,000 | ₹7,21,453 | 20.24% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of SBI Retirement Benefit Fund - Conservative Hybrid Plan?
The NAV of SBI Retirement Benefit Fund - Conservative Hybrid Plan is ₹15.76 as on 25 Sep 2026.
What is the expense ratio of SBI Retirement Benefit Fund - Conservative Hybrid Plan?
The expense ratio of SBI Retirement Benefit Fund - Conservative Hybrid Plan is 1.76% per year.
What is the minimum SIP amount for SBI Retirement Benefit Fund - Conservative Hybrid Plan?
You can start a SIP in SBI Retirement Benefit Fund - Conservative Hybrid Plan with ₹3,000 a month.
What returns has SBI Retirement Benefit Fund - Conservative Hybrid Plan given?
SBI Retirement Benefit Fund - Conservative Hybrid Plan has returned 2.3% over 1 year, 3.8% over 3 years and 6.4% over 5 years (annualised).
Is there a lock-in or exit load on SBI Retirement Benefit Fund - Conservative Hybrid Plan?
Lock-in: 5 years. Exit load: 0%.
How risky is SBI Retirement Benefit Fund - Conservative Hybrid Plan?
SBI Retirement Benefit Fund - Conservative Hybrid Plan is rated High on the SEBI riskometer and belongs to the Retirement Solutions category.
Which fund house manages SBI Retirement Benefit Fund - Conservative Hybrid Plan?
SBI Retirement Benefit Fund - Conservative Hybrid Plan is managed by SBI Mutual Fund, which runs 80 schemes with ₹12,81,381 Cr under management.