For the purpose of saving for retirement, investors have a number of different alternatives available to them, such as government pension schemes, life insurance policies, and so on. As an alternative to the conventional methods, mutual funds have started to address the significance of having a surplus during retirement. By investing in a pension or a retirement mutual fund, investors can ensure that their retirement plans are structured in such a way that their requirements are satisfied once they have retired from their professional careers.
Now let us jump and check about these top 15 mutual fund schemes.
ICICI Prudential Retirement Fund
Fund Performance: The ICICI Prudential Retirement Fund Fund has given 27.28% annualized returns in the past three years and 24.76% in the last 5 years and 0.00% in the last 10 years. The ICICI Prudential Retirement Fund Fund comes under the Equity category of ICICI Prudential Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in ICICI Prudential Retirement Fund via lump sum is ₹ 5000 and via SIP is ₹ 500.
Scheme Objective: The scheme seeks to generate long-term capital appreciation and income generation to investors from a portfolio that is predominantly invested in equity and equity related securities.
Fund Performance: The Nippon India Retirement Fund Fund has given 21.22% annualized returns in the past three years and 19.04% in the last 5 years and 0.00% in the last 10 years. The Nippon India Retirement Fund Fund comes under the Equity category of Nippon India Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Nippon India Retirement Fund via lump sum is ₹ 500 and via SIP is ₹ 100.
Scheme Objective: The scheme seeks to generate capital appreciation over a period of ten years by investing predominantly in equity and equity-related instruments of companies along with income tax benefit.
Fund Performance: The ICICI Prudential Retirement Fund Fund has given 20.22% annualized returns in the past three years and 19.65% in the last 5 years and 0.00% in the last 10 years. The ICICI Prudential Retirement Fund Fund comes under the Equity category of ICICI Prudential Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in ICICI Prudential Retirement Fund via lump sum is ₹ 5000 and via SIP is ₹ 500.
Scheme Objective: The scheme seeks to investing in equity and equity related securities to generate capital appreciation. The scheme may also invest in Debt, Gold/Gold ETF/units of REITs & InvITs and such other asset classes as may be permitted from time to time for income generation / wealth creation.
Fund Performance: The Axis Retirement Savings Fund Fund has given 14.09% annualized returns in the past three years and 0.00% in the last 5 years and 0.00% in the last 10 years. The Axis Retirement Savings Fund Fund comes under the Equity category of Axis Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Axis Retirement Savings Fund via lump sum is ₹ 5000 and via SIP is ₹ 1000.
Scheme Objective: The schemes seeks to generating capital appreciation by investing in equity and equity related securities as well as generating income by investing in debt and money market securities, while attempting to manage risk from the market through active asset allocation.
Fund Performance: The Tata Retirement Savings Fund Fund has given 16.61% annualized returns in the past three years and 18.88% in the last 5 years and 15.37% in the last 10 years. The Tata Retirement Savings Fund Fund comes under the Equity category of Tata Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Tata Retirement Savings Fund via lump sum is ₹ 5000 and via SIP is ₹ 500.
Scheme Objective: The fund seeks to provide a financial planning tool for long term financial security for investors based on their retirement planning goals.
