SBI Pension Fund is an affiliate of the State Bank of India, the country’s largest bank by assets. It is being head by Mr. Kumar Sharadindu as its Managing Director and Chief Executive Officer. At present, SBI Pension Fund ranks among India’s top performing pension funds across tenures.
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SBI Pension Fund NPS Tier 1 Account
| Returns/Scheme | Equity | Corporate Bonds | Government Bonds | Alternative Assets | Average Return* |
| 1 Year | 18.20% | 2.12% | -1.01% | 7.58% | 6.72% |
| 3 Years | 14.82% | 7.96% | 7.41% | NA | 10.06% |
| 5 Years | 17.72% | 10.05% | 10.05% | NA | 12.61% |
| Since Inception | 10.85% | 10.30% | 9.10% | 7.13% | 9.35% |
*Average return reflects the return earned on a scheme with equal allocation in Equity, Corporate Bonds and Government Bonds, with nothing invested in the Alternative Asset class considering its recent inclusion as a scheme category.
Also Read National Pension System (NPS): Eligibility, Types, Investment & Charges
SBI Pension Fund NPS Tier 2 Account
| Returns/Scheme | Equity | Corporate Bonds | Government Bonds | Average Return* |
| 1 Year | 18.39% | 2.14% | -0.89% | 6.55% |
| 3 Years | 14.80% | 7.84% | 7.41% | 10.02% |
| 5 Years | 17.78% | 9.99% | 9.99% | 12.59% |
| Since Inception | 10.59% | 9.91% | 9.18% | 9.89% |
*Average return reflects the return earned on a scheme with equal allocation in Equity, Corporate Bonds and Government Bonds.
SBI Pension Fund – Management
Kumar Sharadindu
Mr. Kumar Sharadindu acts as SBI Pension Fund’s MD and CEO. Previously, he was the General Manager at SBI Corporate Centre, Mumbai heading private equity business of the Bank. He has held several crucial assignments in his banking career spanning more than 30 years.
Mr. Sujesh TV
Mr. Sujesh TV is the Chief Investment Officer of SBI Pension Fund.
Mr. Ashish Patnaik
Mr. Ashish Patnaik leads the SBI Pension Fund in the capacity of its Chief Financial Officer and Operations Manager.
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Portfolio Details of SBI Pension Fund
SBI Pension Fund NPS Tier 1 Account
The value of total assets under management (AUM) for SBI NPS Tier 1 is Rs. 5,252 crore.
| Details/Scheme | Equity | Corporate Bonds | Government Bonds | Alternative Assets |
| Scheme Inception Date | May 15, 2009 | October 13, 2016 | ||
| Asset Under Management (AUM) | Rs. 1,955 crore | Rs. 1,190 crore | Rs. 2,105 crore | 2 crore |
| Top 5 Holdings |
Reliance Industry, HDFC Bank, ITC, Infosys Technologies, ICICI Equity |
7.60% ICICI Bank Ltd -2023 Infra Bond, 9.38% Greater Hyderabad Municipal Corporation 2028, 8.20% Nabard Goi – 2028, 8.90% Ghmc -2028, 9.30% India Infradebt Limited 2024 |
6.68% Govt Sector 17.09.31, 7.88 % Govt Sector 2030, 7.73 % Govt Sector 2034, 9.23% Govt Sector 2043, 7.59% GOI 2029 |
8.85% HDFC Bank Ltd Perpetual Bond,9.15% ICICI Bank Perpetual Bond 20.06.2023,8.65 % Bank Of Baroda Perpetual Bond 11.08.2022,8.75 % Axis Bank Ltd. Perpetual Bond 14.12.2021 |
| Weightage of Top 5 Holdings | 26.82% | 11.90% | 29.86% | 92.78% |
| Top 3 Sectors | Banking, IT, Automobiles | Banking, Financial Institutions, Trading | Government | Banking |
SBI Pension Fund NPS Tier 2 Account
The value of total assets under management (AUM) for SBI Pension Fund NPS Tier 2 is Rs. 212 crore.
| Details/Scheme | Equity | Corporate Bonds | Government Bonds |
| Scheme Inception Date | December 14, 2009 | ||
| Asset Under Management (AUM) | Rs. 88 crore | Rs. 58 crore | Rs. 72 crore |
| Top 5 Holdings |
Reliance Industry, HDFC Bank , Infosys Technologies, ITC, ICICI Equity |
8.20% NABARD GOI -2028, 7.60% ICICI Bank Ltd – 2023 Infra , 8.05% TGESCL – 2024, 7.83% IRFCL 2027 , 8.13 % NPCIL 2027 |
7.88 % Govt Sector 2030, 6.79 % Govt Sector 2027, 8.17 % Govt Sector 01.12.2044, 8.60% GOI – 2028, 7.73 % Govt Sector 2034 |
| Weightage of Top 5 Holdings | 26.90% | 14.21% | 27.98% |
| Top 3 Sectors | Banking, IT, Automobiles | Banking, Financial Institutions, Trading | Government |
*All above details are as on September 24, 2018.