 "investment,saving, money, retirement, rupee")
Eight leading mutual fund (MF) houses already offer retirement plans. SBI MF, the country’s largest fund house by assets under management, joined their ranks recently when it launched the SBI Retirement Benefit Fund (SBIRBF).
Multiple fund options
These are open-end funds that come with a lock-in, which could be either five years or a certain age (65 in SBIRBF), whichever comes earlier. Each fund offers several plans — some fund houses offer two and some up to four. Each plan has a certain asset allocation.
In the case of SBIRBF, the four plans are: aggressive (equity allocation
Multiple fund options
These are open-end funds that come with a lock-in, which could be either five years or a certain age (65 in SBIRBF), whichever comes earlier. Each fund offers several plans — some fund houses offer two and some up to four. Each plan has a certain asset allocation.
In the case of SBIRBF, the four plans are: aggressive (equity allocation
