SBI Retirement Benefit Fund - Conservative Plan
Retirement SolutionsModerately HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹14.77+0.23%1 day
- Return since launch
- 7.0%
- 52-week range
- ₹13.80 — ₹14.74
- AUM
- ₹135 Cr
SBI Retirement Benefit Fund - Conservative Plan is a Retirement Solutions hybrid fund from SBI Mutual Fund with ₹135 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 1.45% 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 +2.8% against +0.1% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 4.8% | +3.3 pts | 1.5% | 3.3% |
| 2Y | 3.8% | −0.6 pts | 4.4% | 3.3% |
| 3Y | 4.5% | −4.1 pts | 8.6% | 4.6% |
| 5Y | 6.1% | −0.9 pts | 7.1% | 7.4% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 2.2% | −2.2 pts | 4.4% | 4.3% |
| 3M | 0.4% | +1.0 pts | -0.6% | -0.4% |
| 6M | 3.7% | +0.3 pts | 3.4% | 3.2% |
| 1Y | 2.9% | +1.4 pts | 1.5% | 0.4% |
| 2Y | 3.7% | +0.4 pts | 3.3% | 3.5% |
| 3Y | 6.5% | −2.2 pts | 8.6% | 8.6% |
| 5Y | 6.4% | −0.6 pts | 7.1% | 7.1% |
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
1.43%
Expense ratio as on 5 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.18%
- Brokerage
- 0.01%
- Transaction charges
- 0.01%
- Statutory levies
- 0.23%
- 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 | 0.07 | 0.40 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.09 | 0.54 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 4.91 | 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 Plan portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity19.5%
- Debt51.9%
- Other28.6%
Market cap split
- Large48.4%
- Mid25.8%
- Small25.9%
- P/E
- 29.80
- P/B
- 4.00
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 29.47% | ₹40.53 Cr | -4.02% | +3.88% | +2.75% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 7.20% | ₹9.91 Cr | +6.91% | — | +0.65% |
| National Bank For Agriculture & Rural Development | Financial | 7.20% | ₹9.90 Cr | +6.94% | — | — |
| Bharat Sanchar Nigam Ltd | Communication | 7.16% | ₹9.85 Cr | +7.00% | +6.82% | +5.88% |
| Summit Digitel Infrastructure Pvt. Ltd. | Communication | 5.36% | ₹7.37 Cr | +5.22% | +5.08% | +4.35% |
| Torrent Power Ltd. | Energy | 3.89% | ₹5.36 Cr | +0.52% | +0.56% | +0.43% |
| ICICI Securities Primary Dealership Ltd. | Financial | 3.64% | ₹5.00 Cr | +3.45% | — | — |
| Muthoot Finance Ltd. | Financial | 3.63% | ₹4.99 Cr | +3.48% | — | — |
| Knowledge Realty Trust | Construction | 3.61% | ₹4.96 Cr | +3.47% | — | — |
| REC Ltd. | Financial | 3.60% | ₹4.96 Cr | +3.52% | +3.43% | +2.93% |
| Tata Power Renewable Energy Ltd. | Capital Goods | 3.60% | ₹4.96 Cr | +3.47% | +3.33% | +2.92% |
| Union Bank of India | Financial | 2.91% | ₹4.00 Cr | +2.77% | +2.74% | +2.30% |
| HDFC Bank Ltd. | Financial | 1.24% | ₹1.71 Cr | +1.44% | +1.40% | +1.76% |
| ICICI Bank Ltd. | Financial | 1.17% | ₹1.61 Cr | +1.20% | +1.14% | +1.26% |
| Larsen & Toubro Ltd. | Construction | 0.79% | ₹1.08 Cr | +0.82% | +0.78% | +0.82% |
| State Bank of India | Financial | 0.74% | ₹1.01 Cr | +0.80% | +0.85% | +0.68% |
| Maruti Suzuki India Ltd. | Automobile | 0.59% | ₹0.81 Cr | +0.76% | +0.70% | +0.90% |
| Ultratech Cement Ltd. | Materials | 0.57% | ₹0.78 Cr | +0.55% | +0.62% | +0.59% |
| Kotak Mahindra Bank Ltd. | Financial | 0.51% | ₹0.70 Cr | +0.51% | +0.50% | +0.51% |
| Lenskart Solutions Ltd. | Consumer Discretionary | 0.47% | ₹0.65 Cr | +0.22% | — | — |
| Urban Company Ltd. | Consumer Staples | 0.46% | ₹0.64 Cr | +0.41% | +0.56% | +0.64% |
| TVS Motor Company Ltd. | Automobile | 0.45% | ₹0.62 Cr | +0.36% | +0.39% | +0.33% |
| Bajaj Finance Ltd. | Financial | 0.45% | ₹0.61 Cr | +0.49% | +0.39% | — |
| JSW Infrastructure Ltd. | Services | 0.43% | ₹0.59 Cr | +0.32% | — | — |
| Sona BLW Precision Forgings Ltd. | Automobile | 0.41% | ₹0.56 Cr | +0.29% | +0.22% | +0.20% |
| CORONA Remedies Ltd. | Healthcare | 0.41% | ₹0.56 Cr | — | — | — |
| Anthem Biosciences Ltd. | Healthcare | 0.41% | ₹0.56 Cr | +0.35% | — | — |
| Divi's Laboratories Ltd. | Healthcare | 0.39% | ₹0.54 Cr | +0.26% | +0.24% | +0.32% |
| Hyundai Motor India Ltd. | Automobile | 0.38% | ₹0.52 Cr | — | — | — |
| Timken India Ltd. | Capital Goods | 0.37% | ₹0.51 Cr | +0.39% | +0.45% | +0.40% |
| Schaeffler India Ltd. | Capital Goods | 0.37% | ₹0.51 Cr | +0.38% | +0.34% | +0.41% |
| JSW Cement Ltd. | Materials | 0.36% | ₹0.50 Cr | +0.41% | — | — |
| Navin Fluorine International Ltd. | Chemicals | 0.36% | ₹0.49 Cr | +0.32% | +0.25% | +0.24% |
| Central Depository Services (India) Ltd. | Financial | 0.35% | ₹0.49 Cr | — | — | — |
| Elevate Campuses Ltd. | Construction | 0.35% | ₹0.49 Cr | — | — | — |
| ZF Commercial Vehicle Control Systems India Ltd. | Automobile | 0.31% | ₹0.42 Cr | +0.32% | +0.39% | +0.30% |
| Bajaj Finserv Ltd. | Financial | 0.30% | ₹0.42 Cr | +0.29% | +0.31% | — |
| The Indian Hotels Company Ltd. | Services | 0.30% | ₹0.41 Cr | +0.28% | +0.26% | — |
| Grindwell Norton Ltd. | Metals & Mining | 0.29% | ₹0.40 Cr | +0.30% | +0.22% | +0.26% |
| Asian Paints Ltd. | Materials | 0.29% | ₹0.40 Cr | +0.35% | +0.29% | +0.31% |
| Tech Mahindra Ltd. | Technology | 0.29% | ₹0.40 Cr | — | — | — |
| Jubilant FoodWorks Ltd. | Services | 0.27% | ₹0.37 Cr | +0.23% | +0.24% | +0.39% |
| Pidilite Industries Ltd. | Chemicals | 0.27% | ₹0.37 Cr | +0.27% | +0.26% | — |
| FSN E-Commerce Ventures Ltd. | Services | 0.27% | ₹0.37 Cr | +0.25% | +0.23% | +0.19% |
| Coforge Ltd. | Technology | 0.26% | ₹0.36 Cr | — | — | — |
| Balrampur Chini Mills Ltd. | Consumer Staples | 0.26% | ₹0.35 Cr | +0.25% | +0.27% | +0.21% |
| Sudeep Pharma Ltd. | Healthcare | 0.25% | ₹0.34 Cr | — | — | — |
| Thermax Ltd. | Capital Goods | 0.25% | ₹0.34 Cr | +0.36% | +0.27% | +0.16% |
| Oberoi Realty Ltd. | Construction | 0.24% | ₹0.33 Cr | +0.28% | +0.22% | — |
| ABB India Ltd. | Capital Goods | 0.23% | ₹0.32 Cr | +0.23% | +0.23% | +0.17% |
| DLF Ltd. | Construction | 0.23% | ₹0.31 Cr | +0.24% | +0.20% | +0.23% |
| Pitti Engineering Ltd. | Capital Goods | 0.22% | ₹0.30 Cr | +0.18% | +0.13% | +0.15% |
| Godrej Properties Ltd. | Construction | 0.22% | ₹0.30 Cr | +0.24% | +0.18% | +2.87% |
| Berger Paints India Ltd. | Materials | 0.22% | ₹0.30 Cr | +0.23% | +0.23% | +0.24% |
| HDB Financial Services Ltd. | Financial | 0.21% | ₹0.29 Cr | +0.24% | +0.18% | +0.20% |
| Honeywell Automation India Ltd. | Capital Goods | 0.21% | ₹0.28 Cr | +0.29% | +0.22% | +0.26% |
| Interglobe Aviation Ltd. | Services | 0.21% | ₹0.28 Cr | +0.27% | +0.19% | — |
| Voltas Ltd. | Consumer Discretionary | 0.20% | ₹0.28 Cr | +0.23% | +0.27% | — |
| LTM Limited | Technology | 0.19% | ₹0.26 Cr | +0.20% | +0.22% | +0.24% |
| Page Industries Ltd. | Textiles | 0.19% | ₹0.25 Cr | +0.26% | +0.20% | +0.21% |
| Carborundum Universal Ltd. | Metals & Mining | 0.18% | ₹0.25 Cr | +0.16% | +0.11% | +0.16% |
| Brigade Hotel Ventures Ltd. | Services | 0.17% | ₹0.24 Cr | +0.18% | +0.16% | +0.20% |
| Biocon Ltd. | Healthcare | 0.16% | ₹0.23 Cr | +0.23% | — | — |
| Esab India Ltd. | Capital Goods | 0.04% | ₹0.06 Cr | +0.12% | +0.17% | +0.18% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:4578 | 10.67% | 0.00% | -10.67% |
| Torrent Power Ltd. | 0.23% | 3.65% | +3.43% |
| Others | -1.18% | -1.81% | -0.63% |
| Axis Bank Ltd. | 0.54% | 0.00% | -0.54% |
| CORONA Remedies Ltd. | 0.00% | 0.41% | +0.41% |
| Elevate Campuses Ltd. | 0.00% | 0.35% | +0.35% |
| National Bank For Agriculture & Rural Development | 7.07% | 7.20% | +0.13% |
| Muthoot Finance Ltd. | 3.54% | 3.63% | +0.09% |
| ICICI Bank Ltd. | 1.26% | 1.17% | -0.09% |
| Bharat Sanchar Nigam Ltd | 7.09% | 7.16% | +0.08% |
| Sudeep Pharma Ltd. | 0.33% | 0.25% | -0.08% |
| ICICI Securities Primary Dealership Ltd. | 3.56% | 3.64% | +0.08% |
| Summit Digitel Infrastructure Pvt. Ltd. | 5.30% | 5.36% | +0.06% |
| Maruti Suzuki India Ltd. | 0.65% | 0.59% | -0.06% |
| Knowledge Realty Trust | 3.54% | 3.61% | +0.06% |
| State Bank of India | 0.80% | 0.74% | -0.06% |
| Union Bank of India | 2.85% | 2.91% | +0.06% |
| Kajaria Ceramics Ltd. | 0.06% | 0.00% | -0.06% |
| Godrej Properties Ltd. | 0.26% | 0.22% | -0.05% |
| REC Ltd. | 3.56% | 3.60% | +0.04% |
| Bajaj Finserv Ltd. | 0.35% | 0.30% | -0.04% |
| Larsen & Toubro Ltd. | 0.83% | 0.79% | -0.04% |
| Bajaj Finance Ltd. | 0.48% | 0.45% | -0.04% |
| Pidilite Industries Ltd. | 0.30% | 0.27% | -0.03% |
| JSW Cement Ltd. | 0.39% | 0.36% | -0.03% |
| Thermax Ltd. | 0.28% | 0.25% | -0.03% |
| Central Depository Services (India) Ltd. | 0.38% | 0.35% | -0.03% |
| Coforge Ltd. | 0.29% | 0.26% | -0.03% |
| JSW Infrastructure Ltd. | 0.40% | 0.43% | +0.03% |
| HDFC Bank Ltd. | 1.22% | 1.24% | +0.03% |
| Lenskart Solutions Ltd. | 0.44% | 0.47% | +0.02% |
| Carborundum Universal Ltd. | 0.16% | 0.18% | +0.02% |
| ABB India Ltd. | 0.25% | 0.23% | -0.02% |
| Hyundai Motor India Ltd. | 0.40% | 0.38% | -0.02% |
| Asian Paints Ltd. | 0.31% | 0.29% | -0.02% |
| LTM Limited | 0.21% | 0.19% | -0.02% |
| Voltas Ltd. | 0.22% | 0.20% | -0.02% |
| FSN E-Commerce Ventures Ltd. | 0.28% | 0.27% | -0.02% |
| ZF Commercial Vehicle Control Systems India Ltd. | 0.32% | 0.31% | -0.02% |
| Urban Company Ltd. | 0.48% | 0.46% | -0.02% |
| Jubilant FoodWorks Ltd. | 0.29% | 0.27% | -0.02% |
| Sona BLW Precision Forgings Ltd. | 0.39% | 0.41% | +0.02% |
| TVS Motor Company Ltd. | 0.46% | 0.45% | -0.02% |
| HDB Financial Services Ltd. | 0.22% | 0.21% | -0.02% |
| Berger Paints India Ltd. | 0.23% | 0.22% | -0.02% |
| Biocon Ltd. | 0.18% | 0.16% | -0.01% |
| Tech Mahindra Ltd. | 0.30% | 0.29% | -0.01% |
| Ultratech Cement Ltd. | 0.58% | 0.57% | -0.01% |
| Cholamandalam Investment and Finance Company Ltd. | 3.55% | 3.57% | +0.01% |
| Navin Fluorine International Ltd. | 0.37% | 0.36% | -0.01% |
| Pitti Engineering Ltd. | 0.21% | 0.22% | +0.01% |
| Oberoi Realty Ltd. | 0.25% | 0.24% | -0.01% |
| Honeywell Automation India Ltd. | 0.22% | 0.21% | -0.01% |
| Kotak Mahindra Bank Ltd. | 0.50% | 0.51% | +0.01% |
| Anthem Biosciences Ltd. | 0.41% | 0.41% | -0.01% |
| Page Industries Ltd. | 0.18% | 0.19% | +0.01% |
| Balrampur Chini Mills Ltd. | 0.26% | 0.26% | -0.01% |
| Timken India Ltd. | 0.37% | 0.37% | +0.01% |
| company:20133 | 0.01% | 0.00% | -0.01% |
| Interglobe Aviation Ltd. | 0.21% | 0.21% | -0.01% |
| Esab India Ltd. | 0.05% | 0.04% | 0.00% |
| Schaeffler India Ltd. | 0.37% | 0.37% | 0.00% |
| The Indian Hotels Company Ltd. | 0.29% | 0.30% | 0.00% |
| Tata Power Renewable Energy Ltd. | 3.61% | 3.60% | 0.00% |
| Grindwell Norton Ltd. | 0.29% | 0.29% | 0.00% |
| Brigade Hotel Ventures Ltd. | 0.18% | 0.17% | 0.00% |
| DLF Ltd. | 0.23% | 0.23% | 0.00% |
| Divi's Laboratories Ltd. | 0.39% | 0.39% | 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 | ₹874 Cr | 2.42% | 5.9% | 6.1% | 9.8% |
 Tata Retirement Savings Moderate Fund | ₹2,115 Cr | 2.16% | 9.2% | 6.9% | 10.2% |
 ICICI Prudential Retirement Fund - Hybrid Aggressive Plan | ₹1,218 Cr | 2.45% | 0.6% | 7.3% | 12.8% |
 Axis Retirement Fund - Aggressive Plan | ₹664 Cr | 2.49% | 6.3% | 4.8% | 8.2% |
| Axis Retirement Fund - Dynamic Plan | ₹267 Cr | 2.56% | 7.3% | 5.2% | 8.7% |
 Aditya Birla Sun Life Retirement Fund - The 40s Plan | ₹108 Cr | 2.42% | 6.2% | 6.4% | 9.2% |
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 months3.72% absolute | ₹60,000 | ₹62,232 | 3.72% | |
| 1 year2.92% annualised | ₹1,20,000 | ₹1,21,915 | 1.60% | |
| 3 years6.45% annualised | ₹3,60,000 | ₹3,98,149 | 10.60% | |
| 5 years6.42% annualised | ₹6,00,000 | ₹7,09,057 | 18.18% |
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 ₹14.77 as on 9 Nov 2026.
What is the expense ratio of SBI Retirement Benefit Fund - Conservative Plan?
The expense ratio of SBI Retirement Benefit Fund - Conservative Plan is 1.45% 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 4.8% over 1 year, 4.5% over 3 years and 6.1% 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 ₹13,34,527 Cr under management.