SBI Retirement Benefit Fund - Conservative Hybrid Plan
Retirement SolutionsModerately HighOPEN-ENDED
- NAV as on 6 Nov 2026
- ₹16.03+0.23%1 day
- Return since launch
- 8.5%
- 52-week range
- ₹14.69 — ₹16.03
- AUM
- ₹245 Cr
SBI Retirement Benefit Fund - Conservative Hybrid Plan is a Retirement Solutions hybrid fund from SBI Mutual Fund with ₹245 Cr under management, launched in 2021. Over three years it has returned 4.5% a year, against 8.6% for its category. The expense ratio is 1.77% and the SEBI riskometer reading is Moderately 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 +2.8% against +0.3% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 5.6% | +4.3 pts | 1.4% | 3.0% |
| 2Y | 4.1% | −0.1 pts | 4.2% | 3.3% |
| 3Y | 4.5% | −4.1 pts | 8.6% | 4.5% |
| 5Y | 6.7% | −0.3 pts | 7.0% | 7.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 2.5% | −0.6 pts | 3.2% | 3.7% |
| 3M | 0.4% | +1.1 pts | -0.7% | -0.7% |
| 6M | 3.1% | +1.2 pts | 1.9% | 2.9% |
| 1Y | 2.8% | +1.4 pts | 1.4% | 0.1% |
| 2Y | 3.0% | +0.1 pts | 2.9% | 3.3% |
| 3Y | 7.0% | −1.6 pts | 8.6% | 8.5% |
| 5Y | 7.1% | 0.0 pts | 7.0% | 7.0% |
Since launch (20 Jan 2021): 8.5%
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
1.76%
Expense ratio as on 5 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.45%
- Brokerage
- 0.01%
- 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.
Moderately High
Your principal is treated as being at moderately high risk — typically balanced hybrid and index-led 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 | 0.10 | 0.40 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.13 | 0.54 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 7.08 | 13.28 | 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 30 Sep 2026
Asset allocation
- Equity39.2%
- Debt50.6%
- Other10.2%
Market cap split
- Large48.3%
- Mid26.0%
- Small25.7%
- P/E
- 29.77
- P/B
- 3.99
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 11.51% | ₹28.54 Cr | +2.34% | +4.22% | +2.58% |
| GOI | Sovereign | 10.38% | ₹25.73 Cr | +1.94% | +1.91% | +4.44% |
| Deutsche Bank AG (India) | Financial | 10.08% | ₹25.00 Cr | — | — | — |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 4.00% | ₹9.91 Cr | +3.90% | — | +1.12% |
| National Bank For Agriculture & Rural Development | Financial | 3.99% | ₹9.90 Cr | +3.92% | — | — |
| Bharat Sanchar Nigam Ltd | Communication | 3.97% | ₹9.85 Cr | +3.95% | +4.02% | +3.64% |
| Summit Digitel Infrastructure Pvt. Ltd. | Communication | 2.97% | ₹7.37 Cr | +2.94% | +2.99% | +2.69% |
| HDFC Bank Ltd. | Financial | 2.54% | ₹6.31 Cr | +2.98% | +2.83% | +3.52% |
| Torrent Power Ltd. | Energy | 2.51% | ₹6.22 Cr | +1.06% | +1.02% | +0.82% |
| ICICI Bank Ltd. | Financial | 2.31% | ₹5.74 Cr | +2.32% | +2.21% | +2.46% |
| Power Finance Corporation Ltd. | Financial | 2.02% | ₹5.00 Cr | +1.97% | +2.03% | +1.80% |
| ICICI Securities Primary Dealership Ltd. | Financial | 2.02% | ₹5.00 Cr | — | — | — |
| Muthoot Finance Ltd. | Financial | 2.01% | ₹4.99 Cr | +1.97% | — | — |
| Knowledge Realty Trust | Construction | 2.00% | ₹4.96 Cr | +1.96% | — | — |
| REC Ltd. | Financial | 2.00% | ₹4.96 Cr | +1.98% | +2.02% | +1.81% |
| Tata Power Renewable Energy Ltd. | Capital Goods | 2.00% | ₹4.96 Cr | +1.96% | +1.97% | +1.80% |
| Larsen & Toubro Ltd. | Construction | 1.58% | ₹3.93 Cr | +1.79% | +1.57% | +1.62% |
| State Bank of India | Financial | 1.49% | ₹3.68 Cr | +1.54% | +1.62% | +1.36% |
| Maruti Suzuki India Ltd. | Automobile | 1.18% | ₹2.93 Cr | +1.56% | +1.40% | +1.80% |
| Ultratech Cement Ltd. | Materials | 1.17% | ₹2.90 Cr | +1.16% | +1.23% | +1.23% |
| Kotak Mahindra Bank Ltd. | Financial | 1.07% | ₹2.64 Cr | +1.07% | +1.00% | +0.98% |
| Urban Company Ltd. | Consumer Staples | 1.02% | ₹2.52 Cr | +0.92% | +1.07% | +1.28% |
| JSW Infrastructure Ltd. | Services | 0.95% | ₹2.34 Cr | +0.62% | — | — |
| Bajaj Finance Ltd. | Financial | 0.92% | ₹2.28 Cr | +1.02% | +0.84% | — |
| Lenskart Solutions Ltd. | Consumer Discretionary | 0.92% | ₹2.28 Cr | +0.43% | — | — |
| Anthem Biosciences Ltd. | Healthcare | 0.83% | ₹2.06 Cr | +0.72% | — | — |
| CORONA Remedies Ltd. | Healthcare | 0.81% | ₹2.01 Cr | — | — | — |
| Union Bank of India | Financial | 0.81% | ₹2.00 Cr | +0.78% | +0.81% | +0.71% |
| Hyundai Motor India Ltd. | Automobile | 0.75% | ₹1.87 Cr | — | — | — |
| Sona BLW Precision Forgings Ltd. | Automobile | 0.75% | ₹1.85 Cr | +0.62% | +0.49% | +0.37% |
| Timken India Ltd. | Capital Goods | 0.73% | ₹1.81 Cr | +0.78% | +0.84% | +0.79% |
| TVS Motor Company Ltd. | Automobile | 0.72% | ₹1.79 Cr | +0.59% | +0.69% | +0.62% |
| Divi's Laboratories Ltd. | Healthcare | 0.71% | ₹1.77 Cr | +0.49% | +0.46% | +0.64% |
| Elevate Campuses Ltd. | Construction | 0.71% | ₹1.76 Cr | — | — | — |
| Central Depository Services (India) Ltd. | Financial | 0.71% | ₹1.75 Cr | — | — | — |
| JSW Cement Ltd. | Materials | 0.70% | ₹1.73 Cr | +0.80% | — | — |
| Schaeffler India Ltd. | Capital Goods | 0.67% | ₹1.66 Cr | +0.69% | +0.66% | +0.83% |
| Navin Fluorine International Ltd. | Chemicals | 0.67% | ₹1.65 Cr | +0.60% | +0.50% | +0.47% |
| The Indian Hotels Company Ltd. | Services | 0.62% | ₹1.53 Cr | +0.58% | +0.48% | — |
| Asian Paints Ltd. | Materials | 0.61% | ₹1.51 Cr | +0.65% | +0.55% | +0.61% |
| Pidilite Industries Ltd. | Chemicals | 0.59% | ₹1.47 Cr | +0.62% | +0.52% | — |
| Grindwell Norton Ltd. | Metals & Mining | 0.59% | ₹1.46 Cr | +0.79% | +0.51% | +0.52% |
| Tech Mahindra Ltd. | Technology | 0.58% | ₹1.45 Cr | — | — | — |
| Jubilant FoodWorks Ltd. | Services | 0.58% | ₹1.44 Cr | +0.51% | +0.55% | +0.80% |
| Balrampur Chini Mills Ltd. | Consumer Staples | 0.56% | ₹1.39 Cr | +0.54% | +0.50% | +0.40% |
| FSN E-Commerce Ventures Ltd. | Services | 0.56% | ₹1.39 Cr | +0.53% | +0.41% | +0.36% |
| Bajaj Finserv Ltd. | Financial | 0.55% | ₹1.36 Cr | +0.64% | +0.60% | — |
| ZF Commercial Vehicle Control Systems India Ltd. | Automobile | 0.54% | ₹1.35 Cr | +0.57% | +0.64% | +0.62% |
| Oberoi Realty Ltd. | Construction | 0.53% | ₹1.32 Cr | +0.52% | +0.43% | — |
| Thermax Ltd. | Capital Goods | 0.53% | ₹1.32 Cr | +0.78% | +0.51% | +0.30% |
| Coforge Ltd. | Technology | 0.53% | ₹1.32 Cr | — | — | — |
| Sudeep Pharma Ltd. | Healthcare | 0.51% | ₹1.27 Cr | — | — | — |
| Interglobe Aviation Ltd. | Services | 0.48% | ₹1.20 Cr | +0.50% | +0.38% | — |
| Berger Paints India Ltd. | Materials | 0.48% | ₹1.18 Cr | +0.52% | +0.43% | +0.47% |
| DLF Ltd. | Construction | 0.48% | ₹1.18 Cr | +0.42% | +0.36% | +0.44% |
| ABB India Ltd. | Capital Goods | 0.47% | ₹1.17 Cr | +0.47% | +0.41% | +0.32% |
| Honeywell Automation India Ltd. | Capital Goods | 0.45% | ₹1.10 Cr | +0.62% | +0.42% | +0.51% |
| Voltas Ltd. | Consumer Discretionary | 0.43% | ₹1.07 Cr | +0.50% | +0.51% | — |
| LTM Limited | Technology | 0.41% | ₹1.01 Cr | +0.34% | +0.40% | +0.46% |
| Biocon Ltd. | Healthcare | 0.40% | ₹1.00 Cr | +0.44% | — | — |
| Godrej Properties Ltd. | Construction | 0.40% | ₹0.99 Cr | +0.44% | +0.36% | +1.78% |
| Pitti Engineering Ltd. | Capital Goods | 0.38% | ₹0.95 Cr | +0.32% | +0.23% | +0.29% |
| Page Industries Ltd. | Textiles | 0.38% | ₹0.95 Cr | +0.52% | +0.41% | +0.46% |
| HDB Financial Services Ltd. | Financial | 0.38% | ₹0.93 Cr | +0.44% | +0.34% | +0.40% |
| Carborundum Universal Ltd. | Metals & Mining | 0.35% | ₹0.86 Cr | +0.43% | +0.29% | +0.30% |
| Brigade Hotel Ventures Ltd. | Services | 0.32% | ₹0.78 Cr | +0.34% | +0.31% | +0.40% |
| Esab India Ltd. | Capital Goods | 0.12% | ₹0.30 Cr | +0.28% | +0.39% | +0.34% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:5849 | 7.90% | 0.00% | -7.90% |
| Axis Bank Ltd. | 1.15% | 0.00% | -1.15% |
| Others | -9.90% | -10.89% | -0.99% |
| CORONA Remedies Ltd. | 0.00% | 0.81% | +0.81% |
| Elevate Campuses Ltd. | 0.00% | 0.71% | +0.71% |
| Deutsche Bank AG (India) | 9.81% | 10.08% | +0.27% |
| GOI | 10.11% | 10.38% | +0.26% |
| ICICI Bank Ltd. | 2.48% | 2.31% | -0.16% |
| Sudeep Pharma Ltd. | 0.67% | 0.51% | -0.16% |
| Kajaria Ceramics Ltd. | 0.13% | 0.00% | -0.13% |
| Maruti Suzuki India Ltd. | 1.30% | 1.18% | -0.12% |
| State Bank of India | 1.60% | 1.49% | -0.11% |
| National Bank For Agriculture & Rural Development | 3.90% | 3.99% | +0.10% |
| Godrej Properties Ltd. | 0.48% | 0.40% | -0.08% |
| Bajaj Finserv Ltd. | 0.62% | 0.55% | -0.07% |
| Larsen & Toubro Ltd. | 1.66% | 1.58% | -0.07% |
| Pidilite Industries Ltd. | 0.66% | 0.59% | -0.07% |
| Bharat Sanchar Nigam Ltd | 3.90% | 3.97% | +0.07% |
| JSW Infrastructure Ltd. | 0.88% | 0.95% | +0.07% |
| HDFC Bank Ltd. | 2.48% | 2.54% | +0.07% |
| Bajaj Finance Ltd. | 0.99% | 0.92% | -0.07% |
| Muthoot Finance Ltd. | 1.95% | 2.01% | +0.06% |
| Thermax Ltd. | 0.60% | 0.53% | -0.06% |
| JSW Cement Ltd. | 0.76% | 0.70% | -0.06% |
| Central Depository Services (India) Ltd. | 0.76% | 0.71% | -0.06% |
| Coforge Ltd. | 0.59% | 0.53% | -0.06% |
| Summit Digitel Infrastructure Pvt. Ltd. | 2.92% | 2.97% | +0.06% |
| ICICI Securities Primary Dealership Ltd. | 1.96% | 2.02% | +0.05% |
| Lenskart Solutions Ltd. | 0.87% | 0.92% | +0.05% |
| Power Finance Corporation Ltd. | 1.97% | 2.02% | +0.05% |
| Carborundum Universal Ltd. | 0.30% | 0.35% | +0.05% |
| Knowledge Realty Trust | 1.95% | 2.00% | +0.05% |
| ABB India Ltd. | 0.52% | 0.47% | -0.05% |
| Asian Paints Ltd. | 0.66% | 0.61% | -0.05% |
| Hyundai Motor India Ltd. | 0.80% | 0.75% | -0.04% |
| REC Ltd. | 1.96% | 2.00% | +0.04% |
| LTM Limited | 0.45% | 0.41% | -0.04% |
| Voltas Ltd. | 0.47% | 0.43% | -0.04% |
| FSN E-Commerce Ventures Ltd. | 0.60% | 0.56% | -0.04% |
| Sona BLW Precision Forgings Ltd. | 0.71% | 0.75% | +0.04% |
| Biocon Ltd. | 0.44% | 0.40% | -0.03% |
| Urban Company Ltd. | 1.05% | 1.02% | -0.03% |
| Jubilant FoodWorks Ltd. | 0.62% | 0.58% | -0.03% |
| Berger Paints India Ltd. | 0.51% | 0.48% | -0.03% |
| ZF Commercial Vehicle Control Systems India Ltd. | 0.57% | 0.54% | -0.03% |
| HDB Financial Services Ltd. | 0.40% | 0.38% | -0.03% |
| Torrent Power Ltd. | 0.46% | 0.48% | +0.02% |
| Kotak Mahindra Bank Ltd. | 1.04% | 1.07% | +0.02% |
| Tech Mahindra Ltd. | 0.61% | 0.58% | -0.02% |
| Union Bank of India | 0.79% | 0.81% | +0.02% |
| Pitti Engineering Ltd. | 0.36% | 0.38% | +0.02% |
| TVS Motor Company Ltd. | 0.74% | 0.72% | -0.02% |
| Ultratech Cement Ltd. | 1.19% | 1.17% | -0.02% |
| Cholamandalam Investment and Finance Company Ltd. | 1.96% | 1.98% | +0.02% |
| Timken India Ltd. | 0.71% | 0.73% | +0.02% |
| Page Industries Ltd. | 0.37% | 0.38% | +0.02% |
| Navin Fluorine International Ltd. | 0.68% | 0.67% | -0.02% |
| Oberoi Realty Ltd. | 0.55% | 0.53% | -0.02% |
| Honeywell Automation India Ltd. | 0.46% | 0.45% | -0.01% |
| Tata Power Renewable Energy Ltd. | 1.99% | 2.00% | +0.01% |
| Interglobe Aviation Ltd. | 0.49% | 0.48% | -0.01% |
| company:20133 | 0.01% | 0.00% | -0.01% |
| Balrampur Chini Mills Ltd. | 0.57% | 0.56% | -0.01% |
| Anthem Biosciences Ltd. | 0.84% | 0.83% | -0.01% |
| Esab India Ltd. | 0.13% | 0.12% | -0.01% |
| The Indian Hotels Company Ltd. | 0.61% | 0.62% | +0.01% |
| Grindwell Norton Ltd. | 0.58% | 0.59% | +0.01% |
| Divi's Laboratories Ltd. | 0.71% | 0.71% | +0.01% |
| Schaeffler India Ltd. | 0.67% | 0.67% | 0.00% |
| DLF Ltd. | 0.47% | 0.48% | 0.00% |
| Brigade Hotel Ventures Ltd. | 0.32% | 0.32% | 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 | ₹886 Cr | 2.42% | 5.4% | 6.0% | 9.7% |
 Tata Retirement Savings Moderate Fund | ₹2,115 Cr | 2.16% | 8.2% | 6.6% | 10.0% |
 ICICI Prudential Retirement Fund - Hybrid Aggressive Plan | ₹1,268 Cr | 2.45% | 0.6% | 7.3% | 12.8% |
 Axis Retirement Fund - Aggressive Plan | ₹666 Cr | 2.49% | 5.7% | 4.6% | 8.0% |
| Axis Retirement Fund - Dynamic Plan | ₹269 Cr | 2.56% | 6.7% | 4.9% | 8.6% |
 Aditya Birla Sun Life Retirement Fund - The 40s Plan | ₹110 Cr | 2.42% | 6.0% | 6.4% | 9.1% |
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 months3.13% absolute | ₹60,000 | ₹61,878 | 3.13% | |
| 1 year2.81% annualised | ₹1,20,000 | ₹1,21,842 | 1.54% | |
| 3 years6.99% annualised | ₹3,60,000 | ₹4,01,567 | 11.55% | |
| 5 years7.10% annualised | ₹6,00,000 | ₹7,22,032 | 20.34% |
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 ₹16.03 as on 6 Nov 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 1.77% 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 5.6% over 1 year, 4.5% over 3 years and 6.7% 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 Moderately 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 ₹13,34,527 Cr under management.