Greetings Of The Day!
Retirement Planning with Mutual Funds is taken as one of the most efficient ways for creating your retirement wealth, as per the experts.
This is because when you invest in mutual funds, in return they invest your money variety of shares, debt stocks, and money market securities, with the motive to produce higher returns in long term. Investing in mutual funds also helps you diversify your financial portfolio while lowering risk.
SEBI designated Retirement Mutual Funds as a separate category so that investors can plan their retirement efficiently. These solution-oriented funds usually invest in low-risk securities to ensure steady returns.
Investing in Retirement Funds is exempted from Income Tax under Section 80CCC up to Rs. 1.50 lakh per year. That simply means you can create wealth along with saving taxes!
Below, we are discussing a few Retirement-Focused Mutual Funds for your assistance.
To receive a free advisory on Investments In Mutual Fund, contact our executives asap!
Tata Retirement Savings Fund - Regular Plan - Progressive Plan-Growth
A retirement fund is categorized as an equity mutual fund, run, and managed by Tata Mutual Fund House. The fund has 95.41% investment in Indian stocks, out of which 50.25% is in large-cap stocks, 20.91% is in mid-cap stocks, 6.63% in small-cap stocks.
The fund size of the scheme is around Rs 1,196 crores and it charges a total expense ratio of around 2.43%. The fund also charges a kind of exit load equal to 1.0% of the sell value.
The prime objective of the funds is to provide a financial planning tool for long-term financial security for investors based on their retirement planning goals.
Axis Retirement Savings Fund - Dynamic Plan - Regular Plan-Growth
A retirement fund is categorized as an equity mutual fund, run, and managed by Axis Mutual Fund House. The fund has 91.25% investment in Indian stocks, out of which 49.83% is in large-cap stocks, 27.12% is in mid-cap stocks, 10.5% in small-cap stocks.
Fund also has 3.55% investment in Debt, out of which, 3.55% in funds invested in very low-risk securities.
The fund size of the scheme is around Rs 293 crores and it charges a total expense ratio of around 2.43%. The fund does not charge exit load.
The Investment Plan has a dual objective of generating capital appreciation by investing in equity and equity-related securities as well as generating income by investing in debt and money market securities.
ICICI Prudential Retirement Fund - Pure Equity Plan - Regular Plan-Growth
A retirement fund is categorized as an equity mutual fund, run, and managed by ICICI Prudential Mutual Fund House. The fund has 94.38% investment in Indian stocks of which 72.47% is in large-cap stocks, 2.76% is in mid-cap stocks, 6.63% is in small-cap stocks.
The fund size of the scheme is around Rs 118 crores and it charges a total expense ratio of around 2.53%. The fund does not charge exit load.
The prime objective of the funds is to generate long-term capital appreciation and income generation to investors from a portfolio that is predominantly invested in equity and equity-related securities.
HDFC Retirement Savings Fund - Equity Plan - Regular Plan- Growth
A retirement fund is categorized as an equity mutual fund, run, and managed by HDFC Mutual Fund House. The fund has 91.61% investment in Indian stocks, out of which 34.43% is in large-cap stocks, 11% is in mid-cap stocks, 35.05% in small-cap stocks.
Fund also has 0.94% investment in Debt, out of which, 0.94% in funds invested in very low-risk securities.
The fund size of the scheme is around Rs 1834 crores and it charges a total expense ratio of around 2.21%. The fund does not charge exit load.
The investment objective of the Scheme is to provide long-term capital appreciation/income by investing in a mix of equity and debt instruments to help investors meet their retirement goals. There is no assurance that the investment objective of the Scheme will be realized.
To get more details about the fund you can refer to the fund fact sheet or you can get in touch with us. Call us on- 0612-6604453 or mail us at- [email protected].
For any kind of query, you can contact us at Shri Ashutosh Securities Pvt Ltd., we are here to help you in any way possible.
Happy Investing!
(Mutual Fund investments are subject to market risk Illustrations are for example only, there is no guarantee of returns. Past performance is not an indicator/guarantee to future returns).