SBI Retirement Benefit Fund - Conservative Hybrid Plan vs UTI Retirement Fund
SBI Retirement Benefit Fund - Conservative Hybrid Plan and UTI Retirement Fund are both Retirement Funds. As of 4 Nov 2026 (Direct plan, Growth option): 3-year CAGR +7.18% vs +8.85%, 5-year CAGR +7.48% vs +8.38%, volatility 7.02% vs 6.74%, maximum drawdown −6.87% vs −18.93%. Their portfolios overlap by 9.3% (6 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| SBI Retirement Benefit Fund - Conservative Hybrid Plan | UTI Retirement | |
|---|---|---|
| Fund house | SBI Mutual Fund | UTI Mutual Fund |
| Compared as | Retirement Funds | Retirement Funds |
| NAV | ₹16.3331 | ₹54.4271 |
| NAV date | 4 Nov 2026 | 4 Nov 2026 |
| Launched (first NAV) | 17 Feb 2021 | 2 Jan 2013 |
| Track record | 5.7 yrs | 13.8 yrs |
| Fund size (AUM) | ₹248 Cr | — |
| Securities held | 66 | 122 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| SBI Retirement Benefit Fund - Conservative Hybrid Plan | UTI Retirement | |
|---|---|---|
| 1 month | +1.21% | +1.31% |
| 3 months | −1.08% | −2.01% |
| 6 months | +1.97% | +0.27% |
| 1 year | +1.40% | +0.05% |
| 3 years (CAGR) | +7.18% | +8.85% |
| 5 years (CAGR) | +7.48% | +8.38% |
| 7 years (CAGR) | — | +10.91% |
| 10 years (CAGR) | — | +8.98% |
| Since launch (CAGR) | +8.87% | +8.23% |
| SIP return (XIRR, 5 years) ⓘ | +6.66% | +7.67% |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| SBI Retirement Benefit Fund - Conservative Hybrid Plan | UTI Retirement | |
|---|---|---|
| 2026 (year to date) | +0.83% | −1.25% |
| 2025 | +5.48% | +6.70% |
| 2024 | +9.91% | +15.22% |
| 2023 | +15.83% | +17.44% |
| 2022 | +5.67% | +6.03% |
| 2021 | — | +19.32% |
Risk
| SBI Retirement Benefit Fund - Conservative Hybrid Plan | UTI Retirement | |
|---|---|---|
| Volatility (annualised) ⓘ | 7.02% | 6.74% |
| Downside volatility ⓘ | 5.25% | 4.93% |
| Sharpe ratio ⓘ | 0.10 | 0.35 |
| Sortino ratio ⓘ | 0.13 | 0.48 |
| Maximum drawdown ⓘ | −6.87% | −18.93% |
| Recovery from that fall | 3 months | 5 months |
| Current fall from peak | −1.17% | −2.15% |
| Rolling 1-year return: worst | −2.20% | −17.67% |
| Rolling 1-year return: median | +7.59% | +8.84% |
| Rolling 1-year return: best | +18.91% | +40.78% |
| Share of 1-year periods with a loss | 3.91% | 13.90% |
Against each fund's benchmark
| SBI Retirement Benefit Fund - Conservative Hybrid Plan | UTI Retirement | |
|---|---|---|
| Beta ⓘ | 0.45 | 0.45 |
| Alpha (Jensen's, annualised) ⓘ | −0.94% | +0.66% |
| R² ⓘ | 89.66 | 93.37 |
| Upside capture | 53.48% | 59.35% |
| Downside capture | 40.98% | 39.79% |
| Tracking error | 8.43% | 8.37% |
| Information ratio | -0.20 | 0.00 |
| Treynor ratio | 0.55 | 4.38 |
Portfolio
Asset mix
| SBI Retirement Benefit Fund - Conservative Hybrid Plan | UTI Retirement | |
|---|---|---|
| Equity | 38.20% | 36.68% |
| Debt | 36.18% | 47.01% |
| Cash & equivalents | 23.62% | 14.41% |
| REITs / InvITs | 2.00% | 1.25% |
| ETF Units | 0.00% | 0.59% |
Market-cap split (share of fund assets)
| SBI Retirement Benefit Fund - Conservative Hybrid Plan | UTI Retirement | |
|---|---|---|
| Large Cap | 18.61% | 24.33% |
| Mid Cap | 9.84% | 6.06% |
| Small Cap | 9.04% | 6.17% |
| Unclassified | 0.71% | 0.12% |
Concentration
| SBI Retirement Benefit Fund - Conservative Hybrid Plan | UTI Retirement | |
|---|---|---|
| Top 10 holdings | 34.24% | 28.13% |
| Effective number of stocks ⓘ | 45.7 | 72.4 |
| Securities held | 66 | 122 |
Portfolio overlap: 9.3%
6 companies are held by both funds; by weight, 9.3% of the two portfolios is the same. That is a low overlap: the two portfolios are largely different.
| Held by both | SBI Retirement Benefit Fund - Conservative Hybrid Plan | UTI Retirement |
|---|---|---|
| HDFC Bank Limited | 2.54% | 3.19% |
| ICICI Bank Limited | 2.31% | 2.96% |
| Larsen & Toubro Limited | 1.58% | 1.53% |
| State Bank of India | 1.49% | 1.33% |
| 7.44% National Bank For Agriculture and Rural Development (17/07/2029) | 3.99% | 1.08% |
| InterGlobe Aviation Limited | 0.48% | 0.53% |
Top 10 holdings
SBI Retirement Benefit Fund - Conservative Hybrid Plan
- 6.64% GOI MAT 07123110.38%
- 7.44% National Bank For Agriculture and Rural Development (17/07/2029)3.99%
- Bharat Sanchar Nigam Ltd.3.97%
- Summit Digitel Infrastructure Pvt. Ltd.2.97%
- HDFC Bank Limited2.54%
- ICICI Bank Limited2.31%
- Torrent Power Ltd.2.03%
- Cholamandalam Investment and Finance Company Ltd (27/02/2029) (FRN)2.02%
- Power Finance Corporation Ltd.2.02%
- Muthoot Finance Ltd.2.01%
UTI Retirement
- 7.18% Government of India (24/07/2037)6.20%
- HDFC Bank Limited3.19%
- 7.32% Government of India3.11%
- 7.24% Government of India (18/08/2055)3.11%
- ICICI Bank Limited2.96%
- Reliance Industries Limited2.12%
- Export Import Bank of India (12/03/2027)2.12%
- Infosys Limited1.96%
- MF UNITS UTI - FLOATER FUND1.75%
- NCD POWER FINANCE CORPORATION LTD.1.61%
Sector exposure
| SBI Retirement Benefit Fund - Conservative Hybrid Plan | UTI Retirement | |
|---|---|---|
| Sovereign | 10.38% | 16.20% |
| CRISIL AAA | 12.98% | 8.11% |
| Banks | 7.41% | 8.09% |
| SOV | 0.00% | 7.08% |
| CRISIL-AAA | 0.00% | 4.87% |
| CRISIL AA+ | 4.85% | 0.00% |
| CRISIL A1+ | 0.00% | 4.25% |
| CRISIL AAA(CE) | 3.97% | 0.00% |
| IT - Software | 1.52% | 3.13% |
| Pharmaceuticals & Biotechnology | 2.75% | 2.62% |
| Automobiles | 2.65% | 1.46% |
| Retailing | 2.50% | 0.56% |
| - | 0.00% | 2.34% |
| Petroleum Products | 0.00% | 2.12% |
Questions people ask
What is the difference between SBI Retirement Benefit Fund - Conservative Hybrid Plan and UTI Retirement returns?
As of 4 Nov 2026, Direct plan Growth option: 1-year return +1.40% vs +0.05%; 3-year CAGR +7.18% vs +8.85%; 5-year CAGR +7.48% vs +8.38%; 10-year CAGR — vs +8.98%. Past returns do not indicate future returns.
How do SBI Retirement Benefit Fund - Conservative Hybrid Plan and UTI Retirement compare on risk?
Volatility (36 monthly returns, annualised) 7.02% vs 6.74%; Sharpe ratio 0.10 vs 0.35; Sortino ratio 0.13 vs 0.48; maximum drawdown −6.87% vs −18.93%; beta 0.45 vs 0.45.
How much do SBI Retirement Benefit Fund - Conservative Hybrid Plan and UTI Retirement overlap?
By weight, 9.3% of the two portfolios is invested in the same companies; 6 stocks are held by both, the largest shared positions being HDFC Bank Limited, ICICI Bank Limited, Larsen & Toubro Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of SBI Retirement Benefit Fund - Conservative Hybrid Plan and UTI Retirement?
SBI Retirement Benefit Fund - Conservative Hybrid Plan: large cap 18.6%, mid cap 9.8%, small cap 9.0%. UTI Retirement: large cap 24.3%, mid cap 6.1%, small cap 6.2% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
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Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 4 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.