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Hybrid funds are back in the limelight after the debt taxation changes in the Budget. This category has seen net inflows of Rs 72,000 crore. What changed for this category and why are investors making a beeline for these funds? Chintan Haria of ICICI Prudential Mutual Fund has answers.
You are not too young in your 30s, but not old either. The 30s is an important phase of your life with many things getting started here, such as your marriage, family, buying a new home, and so on. The financial decisions you take in your 30s will have a big impact on the rest of your financial life.
Hybrid schemes, with total Assets Under Management (AUM) of Rs 4.87 trillion, are the second-lowest open-ended mutual fund category after Solution Oriented Schemes. Compared to this, Growth/Equity Oriented Schemes commanded AUM of Rs 15.01 trillion as of February-end.
Updated Jan 21, 2021 | 07:30 IST This fund is an open-ended, retirement solution-oriented scheme where the investment amount is locked in for five years or until retirement, whichever is earlier. Representational image New Delhi: The new fund offer (NFO) of SBI Retirement Benefit Fund opened on January 20. The investment objective of the scheme is to provide a comprehensive retirement saving solution that serves different needs of the investors through long term diversified investments in major asset classes such as equity, debt, gold etc. The NFO closes on Februar...
SBI Retirement Benefit Fund launch today; offers free term cover with SIPs If you are looking for hassle free retirement planning with a disciplined approach to it, SBI Retirement Benefit Fund could be a good option. The five-year lock-in will ensure that you stay committed to your retirement goal KEY HIGHLIGHTS The scheme will have a lock-in period of 5 years The scheme will have some exposure in foreign equities, gold ETFs and REITs/InVITs Available in four variants - Aggressive, Aggressive Hybrid, Conservative Hybrid and Conservative Auto transfer of investments in safer assets as per ...