RETIREMENT PLANNING is the process of determining retirement income goals & also deciding the necessary means to achieve the objectives and goals. Also, long-term retirement planning is via good with mutual funds in your kitty. However, tactical plays like thematic or sector funds are not good to go because of high-volatility risk. Similarly, it goes for narrowly defined funds like large-caps too. Given below are the top 5 mutual funds for retirement planning. Here:
Mirae Asset Emerging Bluechip Fund: It is an equity mutual fund that was launched by Mirae Asset Mutual Fund. Later on, it was introduced on 1st Jan 2013 to its investors. Currently, the fund is managed by Neelesh Surana. Talking about AUM, it is of INR 9516 Cr, and the latest NAV is of INR 62.55 (dated as of 10th Feb 2020). The fund growth is rated moderately high risk. The minimum SIP investment is INR 1000; Exit load of 1% only if redeemed within a year.
RETURNS
| 1 Year | 3 Years* | 5 Years* | Since Inception* | |
| Mirae Asset Emerging Bluechip Fund | 19.9% | 14.5% | 16.5% | 23.3% |
| Category Average | 13.6% | 10.2% | 8.0% | – |
| Rank within Category | 5 | 1 | 1 | – |
*Returns are annualized
Kotak Standard Multicap Fund: It is an equity mutual fund scheme that was launched by Kotak Mahindra mutual fund. Later on, it was introduced on 1st Jan 2013 to its investors. Currently, the fund is managed by Harsha Upadhyaya. Talking about AUM, it is of INR 29,598 Cr, and the latest NAV is of INR 26.07 (dated as of 10th Feb 2020). The fund growth is rated moderately high risk. The minimum SIP is INR 500, and, lumpsum investment is INR 5000. Exit load of 1% only if redeemed within a year.
RETURNS
| 1 Year | 3 Years* | 5 Years* | Since Inception* | |
| Kotak Standard Multicap Fund | 16.9% | 12.7% | 12.0% | 16.9% |
| Category Average | 12% | 8.7% | 7.3% | – |
| Rank within Category | 17 | 11 | 8 | – |
*Returns are annualized
Axis Long Term Equity Fund: It is an equity mutual fund scheme that was launched by Axis mutual fund. Later on, it was introduced on 1st Jan 2013 to its investors. Currently, the fund is managed by Jinesh Gopani. Talking about AUM, it is of INR 21,997 Cr, and, the latest NAV is of INR 56.09 (date as of 10th Feb 2020). The fund growth is rated moderately high risk.
RETURNS
| 1 Year | 3 Years* | 5 Years* | Since Inception* | |
| Axis Long Term Equity | 24.8% | 17.9% | 13.1% | 20.4% |
| Category Average | 11.8% | 8.4% | 11.1% | – |
| Rank within Category | 2 | 1 | 2 | – |
*Returns are annualized
ICICI Prudential Balanced Advantage Fund: It is a hybrid mutual fund scheme that was launched by ICICI Prudential mutual fund. Later on, it was introduced on 30th Dec 2006 to its investors. Currently, the fund is managed by Manish Banthia, Ihab Dalwal, S Naren, and Rajat Chandak. Talking about AUM, it is of INR 28.853 Cr, and, the latest NAV is of INR 38.38 (dated as of 10th Feb 2020). The fund growth is rated moderately high risk.
RETURNS
| 1 Year | 3 Years* | 5 Years* | Since Inception* | |
| ICICI Prudential Balanced Advantage Growth | 24.6% | 9.2% | 8.9% | 10.8% |
| Category Average | 8.0% | 7.5% | 6.4% | – |
| Rank within Category | 3 | 2 | 1 | – |
*Returns are annualized
SBI Small Cap Fund: It is an equity mutual fund scheme that was launched by SBI mutual fund. Later on, it was introduced on 2nd Jan 2013 to its investors. Currently, the fund is managed by Rama Iyer Srinivasan. Talking about AUM it is of INR 3156 Cr, and, the latest NAV is of INR 61.91 (date as of 10th Feb 2020). The fund growth is rated moderately high risk. Also, the minimum SIP investment is INR 500. Exit load of 1% only if redeemed within a year.
RETURNS
| 1 Year | 3 Years* | 5 Years* | Since Inception* | |
| SBI Small Cap Fund | 22.3% | 14.4% | 15.9% | 24.7% |
| Category Average | 7.0% | 1.8% | NA | – |
| Rank within Category | 5 | 2 | 1 | – |
*Returns are annualized
Source: groww
*Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.