SBI Retirement Benefit Fund - Conservative Plan
Retirement SolutionsModerately HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹14.58+0.08%1 day
- Return since launch
- 7.0%
- 52-week range
- ₹13.80 — ₹14.71
- AUM
- ₹140 Cr
SBI Retirement Benefit Fund - Conservative Plan is a Retirement Solutions hybrid fund from SBI Mutual Fund with ₹140 Cr under management, launched in 2021. Over three years it has returned 4.2% a year, against 8.0% for its category. The expense ratio is 1.44% and the SEBI riskometer reading is Moderately High.
Performance
SBI Retirement Benefit Fund - Conservative Plan NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +2.3% 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 | 2.7% | +1.2 pts | 1.5% | -0.8% |
| 2Y | 2.9% | +0.4 pts | 2.5% | 1.5% |
| 3Y | 4.2% | −3.8 pts | 8.0% | 3.9% |
| 5Y | 6.0% | −1.0 pts | 7.0% | 7.0% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -0.7% | +1.6 pts | -2.4% | -2.2% |
| 3M | -0.2% | +0.3 pts | -0.5% | -1.0% |
| 6M | 5.0% | −0.7 pts | 5.7% | 5.5% |
| 1Y | 2.3% | +0.8 pts | 1.5% | 0.2% |
| 2Y | 2.4% | +2.1 pts | 0.3% | 0.7% |
| 3Y | 6.1% | −1.9 pts | 8.0% | 8.0% |
| 5Y | 6.4% | −0.6 pts | 7.0% | 6.9% |
Since launch (20 Jan 2021): 7.0%
Calendar-year returns
Category average4.9%
11.3%
9.0%
5.1%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 5.1% | −1.4 pts | 6.5% |
| 2024 | 9.0% | −5.8 pts | 14.8% |
| 2023 | 11.3% | −7.3 pts | 18.6% |
| 2022 | 4.9% | +2.5 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
1.45%
Expense ratio as on 22 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.19%
- Brokerage
- 0.01%
- Transaction charges
- 0.01%
- Statutory levies
- 0.24%
- 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 85+15 Conservative Index
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 | 0.15 | 0.56 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.18 | 0.72 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 4.82 | 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 Plan portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity19.6%
- Debt58.0%
- Other22.5%
Market cap split
- Large52.5%
- Mid25.3%
- Small22.2%
- P/E
- 30.24
- P/B
- 4.09
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 22.47% | ₹31.55 Cr | -15.66% | +3.40% | +2.35% |
| GOI | Sovereign | 10.67% | ₹14.99 Cr | +6.68% | +6.20% | +19.51% |
| Bharat Sanchar Nigam Ltd | Communication | 7.09% | ₹9.95 Cr | +6.83% | +6.28% | +5.89% |
| National Bank For Agriculture & Rural Development | Financial | 7.07% | ₹9.93 Cr | +6.82% | — | — |
| Summit Digitel Infrastructure Pvt. Ltd. | Communication | 5.30% | ₹7.44 Cr | +5.11% | +4.66% | +4.37% |
| Torrent Power Ltd. | Energy | 3.84% | ₹5.40 Cr | +0.52% | +0.60% | +0.44% |
| Tata Power Renewable Energy Ltd. | Capital Goods | 3.61% | ₹5.07 Cr | +3.35% | +3.16% | +2.93% |
| ICICI Securities Primary Dealership Ltd. | Financial | 3.56% | ₹5.00 Cr | — | — | — |
| REC Ltd. | Financial | 3.56% | ₹5.00 Cr | +3.43% | +3.15% | +2.95% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 3.55% | ₹4.99 Cr | +3.45% | — | +0.29% |
| Knowledge Realty Trust | Construction | 3.54% | ₹4.98 Cr | — | — | — |
| Muthoot Finance Ltd. | Financial | 3.54% | ₹4.97 Cr | +3.45% | — | — |
| Union Bank of India | Financial | 2.85% | ₹4.00 Cr | +2.76% | +2.48% | +2.32% |
| ICICI Bank Ltd. | Financial | 1.26% | ₹1.77 Cr | +1.14% | +1.17% | +1.31% |
| HDFC Bank Ltd. | Financial | 1.22% | ₹1.71 Cr | +1.44% | +1.53% | +1.77% |
| Larsen & Toubro Ltd. | Construction | 0.83% | ₹1.16 Cr | +0.86% | +0.86% | +0.81% |
| State Bank of India | Financial | 0.80% | ₹1.12 Cr | +0.75% | +0.94% | +0.63% |
| Maruti Suzuki India Ltd. | Automobile | 0.65% | ₹0.91 Cr | +0.70% | +0.77% | +0.89% |
| Ultratech Cement Ltd. | Materials | 0.58% | ₹0.81 Cr | +0.56% | +0.66% | +0.61% |
| Axis Bank Ltd. | Financial | 0.54% | ₹0.76 Cr | +0.62% | +0.60% | +0.52% |
| Kotak Mahindra Bank Ltd. | Financial | 0.50% | ₹0.71 Cr | +0.54% | +0.53% | +0.51% |
| Urban Company Ltd. | Consumer Staples | 0.48% | ₹0.68 Cr | +0.42% | +0.45% | — |
| Bajaj Finance Ltd. | Financial | 0.48% | ₹0.68 Cr | +0.44% | +0.44% | — |
| TVS Motor Company Ltd. | Automobile | 0.46% | ₹0.65 Cr | +0.35% | +0.41% | +0.38% |
| Lenskart Solutions Ltd. | Consumer Discretionary | 0.44% | ₹0.62 Cr | — | — | — |
| Anthem Biosciences Ltd. | Healthcare | 0.41% | ₹0.58 Cr | — | — | — |
| JSW Infrastructure Ltd. | Services | 0.40% | ₹0.57 Cr | — | — | — |
| Hyundai Motor India Ltd. | Automobile | 0.40% | ₹0.56 Cr | — | — | — |
| JSW Cement Ltd. | Materials | 0.39% | ₹0.55 Cr | +0.39% | — | — |
| Divi's Laboratories Ltd. | Healthcare | 0.39% | ₹0.55 Cr | +0.27% | +0.23% | +0.35% |
| Sona BLW Precision Forgings Ltd. | Automobile | 0.39% | ₹0.55 Cr | +0.28% | +0.22% | +0.22% |
| Central Depository Services (India) Ltd. | Financial | 0.38% | ₹0.54 Cr | — | — | — |
| Schaeffler India Ltd. | Capital Goods | 0.37% | ₹0.52 Cr | +0.37% | +0.35% | +0.38% |
| Navin Fluorine International Ltd. | Chemicals | 0.37% | ₹0.52 Cr | +0.30% | +0.23% | +0.24% |
| Timken India Ltd. | Capital Goods | 0.37% | ₹0.52 Cr | +0.41% | +0.44% | +0.39% |
| Bajaj Finserv Ltd. | Financial | 0.35% | ₹0.49 Cr | +0.30% | +0.34% | — |
| Sudeep Pharma Ltd. | Healthcare | 0.33% | ₹0.46 Cr | — | — | — |
| ZF Commercial Vehicle Control Systems India Ltd. | Automobile | 0.32% | ₹0.46 Cr | +0.36% | +0.38% | +0.33% |
| Asian Paints Ltd. | Materials | 0.31% | ₹0.44 Cr | +0.36% | +0.29% | +0.33% |
| Tech Mahindra Ltd. | Technology | 0.30% | ₹0.42 Cr | — | — | — |
| Pidilite Industries Ltd. | Chemicals | 0.30% | ₹0.42 Cr | +0.31% | +0.28% | — |
| The Indian Hotels Company Ltd. | Services | 0.29% | ₹0.41 Cr | +0.30% | +0.27% | — |
| Coforge Ltd. | Technology | 0.29% | ₹0.41 Cr | — | — | — |
| Grindwell Norton Ltd. | Metals & Mining | 0.29% | ₹0.41 Cr | +0.30% | +0.24% | +0.26% |
| Jubilant FoodWorks Ltd. | Services | 0.29% | ₹0.40 Cr | +0.24% | +0.26% | +0.40% |
| FSN E-Commerce Ventures Ltd. | Services | 0.28% | ₹0.40 Cr | +0.21% | +0.24% | +0.27% |
| Thermax Ltd. | Capital Goods | 0.28% | ₹0.39 Cr | +0.34% | +0.23% | +0.17% |
| Godrej Properties Ltd. | Construction | 0.26% | ₹0.37 Cr | +0.22% | +0.20% | +2.89% |
| Balrampur Chini Mills Ltd. | Consumer Staples | 0.26% | ₹0.37 Cr | +0.23% | +0.23% | +0.25% |
| ABB India Ltd. | Capital Goods | 0.25% | ₹0.36 Cr | +0.23% | +0.21% | +0.16% |
| Oberoi Realty Ltd. | Construction | 0.25% | ₹0.35 Cr | +0.27% | +0.21% | — |
| Berger Paints India Ltd. | Materials | 0.23% | ₹0.32 Cr | +0.22% | +0.23% | — |
| DLF Ltd. | Construction | 0.23% | ₹0.32 Cr | +0.23% | +0.21% | +0.24% |
| HDB Financial Services Ltd. | Financial | 0.22% | ₹0.31 Cr | +0.21% | +0.20% | +0.21% |
| Voltas Ltd. | Consumer Discretionary | 0.22% | ₹0.31 Cr | +0.22% | +0.30% | — |
| Honeywell Automation India Ltd. | Capital Goods | 0.22% | ₹0.30 Cr | +0.31% | +0.24% | +0.28% |
| Interglobe Aviation Ltd. | Services | 0.21% | ₹0.30 Cr | +0.22% | — | — |
| Pitti Engineering Ltd. | Capital Goods | 0.21% | ₹0.30 Cr | +0.17% | +0.15% | +0.14% |
| LTM Limited | Technology | 0.21% | ₹0.30 Cr | +0.22% | +0.22% | +0.24% |
| Biocon Ltd. | Healthcare | 0.18% | ₹0.25 Cr | — | — | — |
| Page Industries Ltd. | Textiles | 0.18% | ₹0.25 Cr | +0.24% | +0.18% | +0.23% |
| Brigade Hotel Ventures Ltd. | Services | 0.18% | ₹0.25 Cr | +0.18% | +0.16% | +0.21% |
| Carborundum Universal Ltd. | Metals & Mining | 0.16% | ₹0.22 Cr | +0.14% | +0.10% | +0.16% |
| Kajaria Ceramics Ltd. | Materials | 0.06% | ₹0.08 Cr | +0.19% | +0.23% | +0.37% |
| Esab India Ltd. | Capital Goods | 0.05% | ₹0.06 Cr | +0.13% | +0.17% | +0.19% |
| TVS Motor Company Ltd - Pref. Shares | Automobile | 0.01% | ₹0.01 Cr | +0.01% | +0.01% | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| GOI | 17.15% | 10.67% | -6.48% |
| Others | -6.46% | -1.18% | +5.29% |
| Infosys Ltd. | 0.55% | 0.00% | -0.55% |
| Hyundai Motor India Ltd. | 0.00% | 0.40% | +0.40% |
| Tech Mahindra Ltd. | 0.00% | 0.30% | +0.30% |
| ACME Solar Holdings Ltd. | 0.30% | 0.00% | -0.30% |
| Coforge Ltd. | 0.00% | 0.29% | +0.29% |
| ICICI Prudential Life Insurance Company Ltd. | 0.22% | 0.00% | -0.22% |
| Lenskart Solutions Ltd. | 0.24% | 0.44% | +0.20% |
| HDFC Bank Ltd. | 1.33% | 1.22% | -0.11% |
| Sudeep Pharma Ltd. | 0.24% | 0.33% | +0.09% |
| Maruti Suzuki India Ltd. | 0.73% | 0.65% | -0.08% |
| Esab India Ltd. | 0.12% | 0.05% | -0.07% |
| Honeywell Automation India Ltd. | 0.28% | 0.22% | -0.06% |
| Bharat Sanchar Nigam Ltd | 7.15% | 7.09% | -0.06% |
| Urban Company Ltd. | 0.42% | 0.48% | +0.06% |
| Biocon Ltd. | 0.24% | 0.18% | -0.06% |
| Divi's Laboratories Ltd. | 0.33% | 0.39% | +0.06% |
| Kajaria Ceramics Ltd. | 0.11% | 0.06% | -0.05% |
| Navin Fluorine International Ltd. | 0.32% | 0.37% | +0.05% |
| Interglobe Aviation Ltd. | 0.26% | 0.21% | -0.05% |
| Tata Power Renewable Energy Ltd. | 3.56% | 3.61% | +0.05% |
| DLF Ltd. | 0.27% | 0.23% | -0.04% |
| Anthem Biosciences Ltd. | 0.37% | 0.41% | +0.04% |
| Torrent Power Ltd. | 0.27% | 0.23% | -0.04% |
| Pitti Engineering Ltd. | 0.17% | 0.21% | +0.04% |
| REC Ltd. | 3.60% | 3.56% | -0.04% |
| LTM Limited | 0.25% | 0.21% | -0.04% |
| Bajaj Finance Ltd. | 0.52% | 0.48% | -0.04% |
| Jubilant FoodWorks Ltd. | 0.25% | 0.29% | +0.04% |
| Summit Digitel Infrastructure Pvt. Ltd. | 5.33% | 5.30% | -0.03% |
| Thermax Ltd. | 0.31% | 0.28% | -0.03% |
| National Bank For Agriculture & Rural Development | 7.10% | 7.07% | -0.03% |
| Larsen & Toubro Ltd. | 0.80% | 0.83% | +0.03% |
| JSW Cement Ltd. | 0.42% | 0.39% | -0.03% |
| Central Depository Services (India) Ltd. | 0.36% | 0.38% | +0.02% |
| State Bank of India | 0.82% | 0.80% | -0.02% |
| Page Industries Ltd. | 0.20% | 0.18% | -0.02% |
| Ultratech Cement Ltd. | 0.60% | 0.58% | -0.02% |
| Sona BLW Precision Forgings Ltd. | 0.37% | 0.39% | +0.02% |
| Axis Bank Ltd. | 0.56% | 0.54% | -0.02% |
| Voltas Ltd. | 0.24% | 0.22% | -0.02% |
| ICICI Bank Ltd. | 1.24% | 1.26% | +0.02% |
| JSW Infrastructure Ltd. | 0.42% | 0.40% | -0.02% |
| ICICI Securities Primary Dealership Ltd. | 3.54% | 3.56% | +0.02% |
| Kotak Mahindra Bank Ltd. | 0.52% | 0.50% | -0.02% |
| ZF Commercial Vehicle Control Systems India Ltd. | 0.31% | 0.32% | +0.01% |
| FSN E-Commerce Ventures Ltd. | 0.27% | 0.28% | +0.01% |
| ABB India Ltd. | 0.24% | 0.25% | +0.01% |
| Cholamandalam Investment and Finance Company Ltd. | 3.54% | 3.55% | +0.01% |
| Grindwell Norton Ltd. | 0.30% | 0.29% | -0.01% |
| Union Bank of India | 2.84% | 2.85% | +0.01% |
| Muthoot Finance Ltd. | 3.55% | 3.54% | -0.01% |
| Pidilite Industries Ltd. | 0.29% | 0.30% | +0.01% |
| Berger Paints India Ltd. | 0.24% | 0.23% | -0.01% |
| Oberoi Realty Ltd. | 0.24% | 0.25% | +0.01% |
| Schaeffler India Ltd. | 0.38% | 0.37% | -0.01% |
| Asian Paints Ltd. | 0.32% | 0.31% | -0.01% |
| Balrampur Chini Mills Ltd. | 0.27% | 0.26% | -0.01% |
| Carborundum Universal Ltd. | 0.15% | 0.16% | +0.01% |
| Godrej Properties Ltd. | 0.27% | 0.26% | -0.01% |
| Knowledge Realty Trust | 3.55% | 3.54% | -0.01% |
| Bajaj Finserv Ltd. | 0.35% | 0.35% | 0.00% |
| The Indian Hotels Company Ltd. | 0.29% | 0.29% | 0.00% |
| TVS Motor Company Ltd - Pref. Shares | 0.01% | 0.01% | 0.00% |
| TVS Motor Company Ltd. | 0.46% | 0.46% | 0.00% |
| Brigade Hotel Ventures Ltd. | 0.18% | 0.18% | 0.00% |
| HDB Financial Services Ltd. | 0.22% | 0.22% | 0.00% |
| Timken India Ltd. | 0.37% | 0.37% | 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% | 1.5% | 5.6% | 9.5% |
 Tata Retirement Savings Moderate Fund | ₹2,251 Cr | 2.17% | 5.8% | 6.5% | 10.0% |
 ICICI Prudential Retirement Fund - Hybrid Aggressive Plan | ₹1,320 Cr | 2.48% | 4.5% | 9.8% | 14.3% |
 Axis Retirement Fund - Aggressive Plan | ₹706 Cr | 2.49% | -2.3% | 2.9% | 7.0% |
| Axis Retirement Fund - Dynamic Plan | ₹285 Cr | 2.57% | -0.8% | 3.5% | 7.7% |
 Aditya Birla Sun Life Retirement Fund - The 40s Plan | ₹116 Cr | 2.42% | 0.3% | 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 months5.01% absolute | ₹60,000 | ₹63,006 | 5.01% | |
| 1 year2.31% annualised | ₹1,20,000 | ₹1,21,512 | 1.26% | |
| 3 years6.07% annualised | ₹3,60,000 | ₹3,95,765 | 9.93% | |
| 5 years6.38% annualised | ₹6,00,000 | ₹7,08,303 | 18.05% |
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 Plan?
The NAV of SBI Retirement Benefit Fund - Conservative Plan is ₹14.58 as on 25 Sep 2026.
What is the expense ratio of SBI Retirement Benefit Fund - Conservative Plan?
The expense ratio of SBI Retirement Benefit Fund - Conservative Plan is 1.44% per year.
What is the minimum SIP amount for SBI Retirement Benefit Fund - Conservative Plan?
You can start a SIP in SBI Retirement Benefit Fund - Conservative Plan with ₹3,000 a month.
What returns has SBI Retirement Benefit Fund - Conservative Plan given?
SBI Retirement Benefit Fund - Conservative Plan has returned 2.7% over 1 year, 4.2% over 3 years and 6.0% over 5 years (annualised).
Is there a lock-in or exit load on SBI Retirement Benefit Fund - Conservative Plan?
Lock-in: 5 years. Exit load: 0%.
How risky is SBI Retirement Benefit Fund - Conservative Plan?
SBI Retirement Benefit Fund - Conservative 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 Plan?
SBI Retirement Benefit Fund - Conservative Plan is managed by SBI Mutual Fund, which runs 80 schemes with ₹12,81,381 Cr under management.