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Retirement Funds/Pension Funds – Your Pick

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Retirement Funds_Pension Funds

Retirement mutual funds or pension mutual funds are one of the investment options that allow an individual to save some portion of their income for their retirement days. Also, these funds offer a regular finance source after the retirement until their demise.   

Retirement funds or pension funds are invested on the behalf of an investor; and, the income is generated from that investment is contributed as the interest provided on the funds. These funds offer a fixed benefit, it does not depend on market fluctuations, and asset return.   

Usually retirement mutual funds invest in low-risk investment options like Government Securities for steady returns.   

Retirement Mutual Funds – The Purpose  

The purpose of these funds is to create a steady revenue source for an investor when she/he have no source of income. Basically, this can be considered as a form of deferred pay, providing enough capital and financial security. There are some pension mutual funds that offer the option to receive returns in lumpsum or monthly annuity. Mostly, monthly annuity is paid at a fixed rate of interest (including the high situation of inflation protection).   

Advantages of Retirement Mutual Funds   

Here:  

  • These funds are best for your life-time savings, regardless whether an investor choose SIP’s or Lumpsum 
  • An investor can opt for lumpsum or monthly depending on their financial plans and requirements.  
  • There are some pension policies that also serve as a life insurance cover.

Top 3 Retirement Funds as per Gulaq  

Here:  

  • Tata Retirement Savings Moderate FundIt is a solution oriented mutual fund scheme that was launched by Tata mutual fund. Later on, it was introduced on 1st Nov 2011 to is investors. Currently, the fund is managed by Sonam Udasi, and Murthy Nagaranjan. Talking about UAM, it is of INR 1179 r, and, the latest NAV is of INR 33.66 (dared as of 5th March 2020). The fund growth is rated moderately high risk. Also, the minimum SIP investment is INR 500, and, lumpsum investment is INR 5000.  
  • HDFC Retirement Savings FundIt is a solution oriented mutual fund scheme that was launched by HDFC mutual fund. Later on, it was introduced on 25th Feb 2016 to its investors. Currently, the fund is managed by Chirag Setalvad, Rakesh Vyas, and Shobhit Mehrotra. Talking about AUM, it is of INR 387 Cr, and, the latest NAV is of INR 17.83 (dated as of 5th March 2020). The fund growth is rated moderately high risk. Also, the SIP investment is INR 500, and, lumpsum investment is INR 5000.  
  • Nippon India Retirement FundIt is a solution oriented mutual fund that was launched by Reliance mutual fund. Later on, it was introduced on 11th Feb 2015 to its investors. Currently, the fund is managed by Jahnvee Shah, Sanjay Parekh, and Anju ChajjerTalking about AUM, it is of 1729 Cr, and the latest NAV is of INR 14.88 (dated as of 5th March 2020). The fund growth is rated moderately high risk. Also, the minimum SIP investment is INR 500, and, lumpsum investment is INR 5000.  

 

Looking to invest? Hop on to gulaq.com and start investing in direct mutual funds. Furthermore, you can also get in touch: [email protected] 

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*Disclaimer: investment in securities market are subject to market risks, read all the related documents carefully before investing

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