SBI Retirement Benefit Fund - Conservative Hybrid Plan

Direct and Regular plans, Growth and IDCW options

Data as on 30-10-2026

SBI Retirement Benefit Fund - Conservative Hybrid Plan is a mutual fund run by SBI Mutual Fund. On 30-09-2026, it managed ₹248 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 6.7% a year and its Regular plan returned 6.2% a year.

NAV (Direct plan): ₹16.04; ▲ 0.04%30-10-2026
NAV (Regular plan): ₹15.51; ▲ 0.04%30-10-2026
Expense ratio: 1.26%Direct1.77%Regular; 1.26%; A year
Riskometer: Not available; Set by the fund house
3 year return: 6.7%Direct6.2%Regular; 6.7%; A year

SBI Retirement Benefit Fund - Conservative Hybrid Plan NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹16.04 (up 0.04% that day); Regular Plan Growth ₹15.51 (up 0.04% that day).

This fund (Direct plan)

₹16.0394

SBI Retirement Benefit Fund - Conservative Hybrid Plan Returns

Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

Trailing returns
Period	1M	3M	6M	1Y	3Y	5Y	10Y
This fund (Direct)	−0.73%	−1.79%	+1.04%	−0.77%	+6.71%	+7.16%	--
This fund (Regular)	−0.77%	−1.92%	+0.79%	−1.26%	+6.18%	+6.57%	--
Category average	--	--	--	--	--	--	--
Best in category	--	--	--	--	--	--	--
Worst in category	--	--	--	--	--	--	--
Rank in category	--	--	--	--	--	--	--

No category comparison is shown: this fund's category is too broad to compare, or has fewer than five funds. The fund house names no benchmark we can show.

SBI Retirement Benefit Fund - Conservative Hybrid Plan Year-wise Returns

Return of each calendar year
Year	Direct	Regular
2026to date	−0.98%	−1.40%
2025	+5.48%	+4.97%
2024	+9.91%	+9.34%
2023	+15.83%	+15.22%
2022	+5.67%	+4.96%

SBI Retirement Benefit Fund - Conservative Hybrid Plan Rolling Returns

The return of every holding period in the fund's history, not only the one that ends today

Rolling returns

Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 660 periods, one for each trading day from 20-02-2024 to 30-10-2026.

0%5%10%15%

May 2021
to
May 2024Oct 2021
to
Oct 2024Apr 2022
to
Apr 2025Sept 2022
to
Sept 2025Mar 2023
to
Mar 2026Aug 2023
to
Aug 2026

SBI Retirement Benefit Fund - Conservative Hybrid Plan (Direct)

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss
1 year	1,146	7.6%	−2.2%	19.1%	4%
2 years	901	10.0%	1.0%	18.1%	0%
3 years	660	10.4%	6.1%	13.7%	0%
5 years	170	8.7%	6.8%	10.0%	0%

Period	Periods	Median	Lowest	Highest	With a loss
1 year	57	7.1%	−7.8%	20.8%	7%
2 years	45	9.3%	−1.8%	17.7%	2%
3 years	33	9.9%	2.5%	15.1%	0%

Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. Past returns do not promise future returns.

SBI Retirement Benefit Fund - Conservative Hybrid Plan Risk

How much it swings, and the falls an investor had to sit through

Risk and return

Measure	SBI Retirement Benefit Fund - Conservative Hybrid Plan (Direct)This fund
Return (CAGR)	−0.77%
Standard deviation	6.48%
Sharpe ratio	-0.93
Sortino ratio	-1.25
Maximum drawdown	−6.9% (30-03-2026)

From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Measure	SBI Retirement Benefit Fund - Conservative Hybrid Plan (Direct)This fund
Return (CAGR)	+6.71%
Standard deviation	5.66%
Sharpe ratio	0.12
Sortino ratio	0.17
Maximum drawdown	−6.9% (30-03-2026)

From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Measure	SBI Retirement Benefit Fund - Conservative Hybrid Plan (Direct)This fund
Return (CAGR)	+7.16%
Standard deviation	5.65%
Sharpe ratio	0.24
Sortino ratio	0.33
Maximum drawdown	−6.9% (30-03-2026)

From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Measure	SBI Retirement Benefit Fund - Conservative Hybrid Plan (Direct)This fund
Return (CAGR)	+8.54%
Standard deviation	5.51%
Sharpe ratio	0.55
Sortino ratio	0.76
Maximum drawdown	−6.9% (30-03-2026)

From daily NAVs, 17-02-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Drawdowns

How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.

−8%−6%−4%−2%0%

20222023202420252026

SBI Retirement Benefit Fund - Conservative Hybrid Plan (Direct)

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
SBI Retirement Benefit Fund - Conservative Hybrid Plan (Direct)	−6.9%	02-01-2026	30-03-2026	25-06-2026	3 months	−3.0%

From the Direct plan's daily NAV since 17-02-2021, adjusted for unit splits. "Time to climb back" runs from the bottom to the first day back at the old high.

SBI Retirement Benefit Fund - Conservative Hybrid Plan Expense Ratio and Costs

What each plan charges a year, in force from 01-10-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio
Direct	1.02%	0.02%	0.00%	0.22%	1.26%
Regular	1.45%	0.02%	0.00%	0.30%	1.77%

The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file.

Direct vs Regular: what the gap cost

Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.

Over the last	Regular	Direct	Direct earned more by	₹1 lakh became (Regular)	₹1 lakh became (Direct)
1 year	−1.26%	−0.77%	0.49%	₹98,740	₹99,230
3 years	6.18%	6.71%	0.53% a year	₹1,19,709	₹1,21,511
5 years	6.57%	7.16%	0.59% a year	₹1,37,460	₹1,41,307

Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.

SBI Retirement Benefit Fund - Conservative Hybrid Plan SIP Calculator

What a one-time or monthly investment in this fund would be worth today, from its own NAV history

Growth of an investment

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 17-02-2021 to 30-10-2026: 69 instalments, ₹6,90,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planSBI Retirement Benefit Fund - Conservative Hybrid Plan (Direct)	₹6,90,000	₹8,34,685	₹1,44,685	6.6%
Regular planSBI Retirement Benefit Fund - Conservative Hybrid Plan (Regular)	₹6,90,000	₹8,20,791	₹1,30,791	6.0%

₹0₹2.0 L₹4.0 L₹6.0 L₹8.0 L₹10.0 L

20222023202420252026

Direct planSBI Retirement Benefit Fund - Conservative Hybrid Plan (Direct)Regular planSBI Retirement Benefit Fund - Conservative Hybrid Plan (Regular)Amount invested

From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.

SBI Retirement Benefit Fund - Conservative Hybrid Plan Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

38.2%Equity

Asset	Fund
Equity	38.2%
Debt	38.2%
Cash and others	23.6%

Market cap of stocks

Market cap	Fund
Large Cap	18.6%
Mid Cap	9.8%
Small Cap	9.0%
Not on AMFI's list	0.7%

Share of the whole fund. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.

Credit rating

Bonds and money market papers by credit rating, % of the fund.

Rating	Fund
Sovereign	10.4%
AAA and A1+	16.9%
AA	10.8%

SBI Retirement Benefit Fund - Conservative Hybrid Plan Sector Allocation

Sector allocation of the fund's stocks as on 30-09-2026

Largest sectors

Banks7.4%
Pharmaceuticals & Biotechnology2.8%
Automobiles2.6%
Retailing2.5%
Realty2.1%
Auto Components2.0%
Cement & Cement Products1.9%
Finance1.9%
Industrial Products1.8%
Chemicals & Petrochemicals1.8%

The ten largest of 22 sectors. The other 12 add up to 11.5%.

Sector changes

Sector	July 2026	August 2026	September 2026	Change
Banks	8.7%	8.8%	7.4%	−1.3%
Pharmaceuticals & Biotechnology	1.8%	2.0%	2.8%	+1.0%
Automobiles	2.2%	2.8%	2.6%	+0.5%
Retailing	1.9%	2.5%	2.5%	+0.6%
Realty	1.5%	1.5%	2.1%	+0.6%

Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.

SBI Retirement Benefit Fund - Conservative Hybrid Plan Portfolio Holdings

As on 30-09-2026 · 66 holdings · from the fund house's monthly portfolio

Holdings	Sector / Rating	Weight%	1M change
6.64% CGL 2031 · Government security	Sovereign	10.38%
National Bank for Agriculture and Rural Development · Bond	CRISIL AAA	3.99%
Bharat Sanchar Nigam Ltd. · Bond	CRISIL AAA(CE)	3.97%
Summit Digitel Infrastructure Pvt. Ltd. · Bond	CRISIL AAA	2.97%
HDFC Bank Ltd.	Banks	2.54%	0.0%
ICICI Bank Ltd.	Banks	2.31%	0.0%
Torrent Power Ltd. · Bond	CRISIL AA+	2.03%
Cholamandalam Investment & Finance Co. Ltd. · Bond	[ICRA]AA+	2.02%
Power Finance Corporation Ltd. · Bond	CRISIL AAA	2.02%
Muthoot Finance Ltd. · Bond	CRISIL AA+	2.01%
REC Ltd. · Bond	CRISIL AAA	2.00%
Tata Power Renewable Energy Ltd. (Guaranteed by Tata Power Ltd.) · Bond	[ICRA]AA+	2.00%
Knowledge Realty Trust · Bond	CRISIL AAA	2.00%
Cholamandalam Investment & Finance Co. Ltd.Perpetual · Bond	[ICRA]AA	1.98%
Larsen & Toubro Ltd.	Construction	1.58%	0.0%
State Bank of India	Banks	1.49%	0.0%
Maruti Suzuki India Ltd.	Automobiles	1.18%	0.0%
Ultratech Cement Ltd.	Cement & Cement Products	1.17%	0.0%
Kotak Mahindra Bank Ltd.	Banks	1.07%	0.0%
Urban Company Ltd.	Retailing	1.02%	0.0%
JSW Infrastructure Ltd.	Transport Infrastructure	0.95%	0.0%
Bajaj Finance Ltd.	Finance	0.92%	0.0%
Lenskart Solutions Ltd.	Retailing	0.92%	0.0%
Anthem Biosciences Ltd.	Pharmaceuticals & Biotechnology	0.83%	0.0%
Corona Remedies Ltd.	Pharmaceuticals & Biotechnology	0.81%	New
Union Bank of India( AT1 Bond under Basel III ) · Bond	CRISIL AA+	0.81%
Hyundai Motor India Ltd.	Automobiles	0.75%	0.0%
Sona Blw Precision Forgings Ltd.	Auto Components	0.75%	0.0%
Timken India Ltd.	Industrial Products	0.73%	0.0%
TVS Motor Company Ltd.	Automobiles	0.72%	0.0%
Elevate Campuses Ltd.	Realty	0.71%	New
Central Depository Services (I) Ltd.	Capital Markets	0.71%	0.0%
Divi's Laboratories Ltd.	Pharmaceuticals & Biotechnology	0.71%	0.0%
JSW Cement Ltd.	Cement & Cement Products	0.70%	0.0%
Navin Fluorine International Ltd.	Chemicals & Petrochemicals	0.67%	0.0%
Schaeffler India Ltd.	Auto Components	0.67%	0.0%
The Indian Hotels Company Ltd.	Leisure Services	0.62%	0.0%
Asian Paints Ltd.	Consumer Durables	0.61%	0.0%
Pidilite Industries Ltd.	Chemicals & Petrochemicals	0.59%	0.0%
Grindwell Norton Ltd.	Industrial Products	0.59%	0.0%
Jubilant Foodworks Ltd.	Leisure Services	0.58%	0.0%
Tech Mahindra Ltd.	IT - Software	0.58%	0.0%
FSN E-Commerce Ventures Ltd.	Retailing	0.56%	0.0%
Balrampur Chini Mills Ltd.	Agricultural Food & other Products	0.56%	0.0%
Bajaj Finserv Ltd.	Finance	0.55%	0.0%
ZF Commercial Vehicle Control Systems India Ltd.	Auto Components	0.54%	0.0%
Thermax Ltd.	Electrical Equipment	0.53%	0.0%
Oberoi Realty Ltd.	Realty	0.53%	0.0%
Coforge Ltd.	IT - Software	0.53%	0.0%
Sudeep Pharma Ltd.	Chemicals & Petrochemicals	0.51%	−25.5%
Interglobe Aviation Ltd.	Transport Services	0.48%	0.0%
Torrent Power Ltd.	Power	0.48%	0.0%
DLF Ltd.	Realty	0.48%	0.0%
Berger Paints India Ltd.	Consumer Durables	0.48%	0.0%
ABB India Ltd.	Electrical Equipment	0.47%	0.0%
Honeywell Automation India Ltd.	Industrial Manufacturing	0.45%	0.0%
Voltas Ltd.	Consumer Durables	0.43%	0.0%
LTM Ltd.	IT - Software	0.41%	0.0%
Biocon Ltd.	Pharmaceuticals & Biotechnology	0.40%	0.0%
Godrej Properties Ltd.	Realty	0.40%	0.0%
HDB Financial Services Ltd.	Finance	0.38%	0.0%
Page Industries Ltd.	Textiles & Apparels	0.38%	0.0%
Pitti Engineering Ltd.	Industrial Manufacturing	0.38%	0.0%
Carborundum Universal Ltd.	Industrial Products	0.35%	0.0%
Brigade Hotel Ventures Ltd.	Leisure Services	0.32%	0.0%
ESAB India Ltd.	Industrial Products	0.12%	0.0%

SBI Retirement Benefit Fund - Conservative Hybrid Plan Stocks Bought and Sold

All changes are between August 2026 and September 2026

Stocks bought and sold in September 2026

Axis Bank Ltd.	Sold out	−100%	was 1.15%
Corona Remedies Ltd.	New	New	0.81%
Elevate Campuses Ltd.	New	New	0.71%
Sudeep Pharma Ltd.	Reduced	−25.5%	0.51%
Kajaria Ceramics Ltd.	Sold out	−100%	was 0.13%

A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.

What SBI Retirement Benefit Fund - Conservative Hybrid Plan bought and sold

SBI Retirement Benefit Fund - Conservative Hybrid Plan Portfolio Overlap

Funds with the most similar portfolios, across every fund house and category

Fund	Overlap	Holdings in common
SBI Retirement Benefit Fund - Conservative PlanSolution · SBI	44.8%	64	Compare
SBI Retirement Benefit Fund - Aggressive Hybrid PlanSolution · SBI	38.5%	54	Compare
SBI Retirement Benefit Fund - Aggressive PlanSolution · SBI	38.2%	54	Compare
SBI ESG Exclusionary Strategy FundThematic · SBI	27.5%	34	Compare
Mirae Asset Nifty LargeMidcap 250 Index FundIndex · Mirae Asset	19.5%	36	Compare
Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index FundIndex · Zerodha	19.5%	36	Compare
Zerodha Nifty LargeMidcap 250 Index FundIndex · Zerodha	19.5%	36	Compare
Edelweiss Nifty LargeMidcap 250 ETFETF · Edelweiss	19.5%	36	Compare

Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.

SBI Retirement Benefit Fund - Conservative Hybrid Plan Overview

Fund facts from the scheme summary document

Expense ratio (Direct): 1.26%
Expense ratio (Regular): 1.77%
Category: Not available
Risk: Not available
Benchmark: Not available
Launch date: Not available
Minimum investment: Not available
Minimum additional investment: Not available
AUM: ₹247.94 Cr (30-09-2026)
Lock in: Not available
Scheme code (Direct): 148690
ISIN (Direct): INF200KA1T70
Scheme code (Regular): 148692
ISIN (Regular): INF200KA1T54
NAV history: From 17-02-2021, 5.7 years

Exit load: Not available

Tax on SBI Retirement Benefit Fund - Conservative Hybrid Plan returns

How the gain is taxed depends on what the fund holds. A fund with 65% or more in Indian stocks is taxed as an equity fund: 20% within 1 year, 12.5% after, on gains above ₹1.25 lakh a year.
A fund with 65% or more in debt is taxed at your slab rate. Any other fund: your slab rate within 2 years, 12.5% after.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.

Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.

All plans and options

Plan	Option	NAV	As on
direct	Growth	₹16.0394	30-10-2026
direct	IDCW	₹16.0372	30-10-2026
regular	Growth	₹15.5073	30-10-2026
regular	IDCW	₹15.509	30-10-2026

About SBI Retirement Benefit Fund - Conservative Hybrid Plan

SBI Retirement Benefit Fund - Conservative Hybrid Plan is a mutual fund from SBI Mutual Fund. At the end of September 2026 it held 66 securities.

Fund Manager

Not available

See all funds of SBI Mutual Fund

AUM change

September 2026: ₹247.94 Cr; −2.71% from August 2026
August 2026: ₹254.85 Cr; −0.28% from July 2026
July 2026: ₹255.56 Cr; −0.47% from June 2026

AUM moves with money invested or taken out, and with the value of what the fund holds.

Compare SBI Retirement Benefit Fund - Conservative Hybrid Plan with Other Funds

Returns, risk, costs and the stocks they share, side by side

Compare with any other fund

Frequently Asked Questions for SBI Retirement Benefit Fund - Conservative Hybrid Plan

What is the current NAV of SBI Retirement Benefit Fund - Conservative Hybrid Plan?

The Direct plan NAV is ₹16.0394. The Regular plan NAV is ₹15.5073, as on 30-10-2026.

What are the returns of SBI Retirement Benefit Fund - Conservative Hybrid Plan?

The Direct plan returned −0.77% in 1 year, +6.71% a year over 3 years, +7.16% a year over 5 years. The Regular plan returned −1.26% in 1 year, +6.18% a year over 3 years, +6.57% a year over 5 years. These figures are as on 30-10-2026.

What is the expense ratio of SBI Retirement Benefit Fund - Conservative Hybrid Plan?

The Direct plan charges 1.26% a year. The Regular plan charges 1.77% a year. This is the figure the fund house reported to AMFI, in force from 01-10-2026.

What is the AUM of SBI Retirement Benefit Fund - Conservative Hybrid Plan?

SBI Retirement Benefit Fund - Conservative Hybrid Plan managed ₹247.94 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of SBI Retirement Benefit Fund - Conservative Hybrid Plan?

At the end of September 2026 the largest holdings were 6.64% CGL 2031 (10.38%), National Bank for Agriculture and Rural Development (3.99%), Bharat Sanchar Nigam Ltd. (3.97%), Summit Digitel Infrastructure Pvt. Ltd. (2.97%), HDFCBANK (2.54%). The fund held 66 securities in all.

What did SBI Retirement Benefit Fund - Conservative Hybrid Plan buy and sell in September 2026?

It bought 2 new stocks: Corona Remedies Ltd, Elevate Campuses Ltd. It sold out of 2: Kajaria Ceramics Ltd, Axis Bank Ltd. It reduced 1.

How do I invest in SBI Retirement Benefit Fund - Conservative Hybrid Plan?

Through SBI Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. You can invest once or through a monthly SIP.

What is the difference between the Direct and Regular plan of SBI Retirement Benefit Fund - Conservative Hybrid Plan?

Both plans hold the same investments. The Regular plan pays a commission to the distributor who sold it, so it charges more. The Direct plan charges 1.26% a year and the Regular plan 1.77%. The lower charge is why the Direct plan's NAV is higher.

Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document.

This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.