Mutual Fund: Want a big fund at the time of retirement? Know which schemes are beneficial for you

Mutual Fund: Investing in mutual funds will help you a lot for this purpose. Especially the schemes of long duration mutual funds are known to give very high returns.

Mutual Fund: If you want that you have a big fund at the time of retirement, then investing in mutual funds will help you a lot for this purpose. Especially the schemes of long duration mutual funds are known to give very high returns. We will give you information about 5 such mutual fund schemes, which are good to invest for retirement.

HDFC Retirement Savings Fund – Equity Plan

• HDFC Retirement Savings Fund Equity Plan Direct-Growth has a return of 60.08 per cent in the last one year.
• It has given an average return of 21.44 per cent per annum since its inception.
• The stocks in which it has invested the most include HDFC Bank, ICICI Bank, Infosys,
• Reliance Industries and Housing Development Finance Corporation.

HDFC Retirement Savings Fund – Hybrid Equity Plan

• Its 1-year return is 42.98 percent.
• Its average annual return since inception has been 19.13 percent.
• HDFC Bank, ICICI Bank, Infosys, Power Finance Corporation and Reliance Industries are in the top five holdings of this fund.
• The fund has invested 66.08 percent in stocks and the remaining 15.85 percent in debt.

Tata Retirement Savings Progressive Plan

• Tata Retirement Savings Fund Progressive Plan Direct-Growth has a return of 39.79 per cent in the last one year.
• Its average annual return since inception has been 17.02 percent.
• Every two years the fund has quadrupled the money invested.
• ICICI Bank, Reliance Industries, Infosys, Tata Consultancy Services and HDFC Bank are among the top five holdings of the fund.

Tata Retirement Savings Moderate Fund

• Its recent one-year return is 34.14 per cent.
• Since inception, this plan has given an average return of 16.92 percent every year.
• Fund top holdings include – Government of India, Reliance Industries Ltd., Infosys Ltd.,
• Tata Consultancy Services Ltd. and HDFC Bank Ltd.

Nippon India Retirement Fund – Wealth Creation Scheme

• Its return has been 48.49% during the last year.
• Its average annual return since inception has been 9.34%.
• This fund has an AUM of Rs.2169 crores.