Do you really think you are “Retirement Ready”

Do you really think you are “Retirement Ready”

by Gurpreet Singh

Mutual Funds

  • Franklin India Pension Plan - (G)

    Franklin India Pension Plan - (G)

    Lakshmikanth Reddy

    Invest Amount: INR 598

  • UTI-Retirement Benefit Pension Plan

    UTI-Retirement Benefit Pension Plan

    Amandeep Chopra

    Invest Amount: INR 572

  • Reliance Retirement Fund-Income Generation (G)

    Reliance Retirement Fund-Income Generation (G)

    Sanjay Parekh

    Invest Amount: INR 5089

  • ICICI Pru MIP 25 (G)

    ICICI Pru MIP 25 (G)

    Manish Banthia

    Invest Amount: INR 5495

Franklin India Pension Plan - (G)

  • Scheme type

    Growth

  • Fund Manager

    Lakshmikanth Reddy

  • Class

    Hybrid - Debt Oriented

  • Minimum Investment

    500

  • Category

    Pension

  • SIP

    YES

  • Launch Date

    1997-03-03

  • STP

    YES

  • Face Value

    0

  • SWP

    YES

 

  • AUM

    430.03Cr

  • Adjusted NAV

    119.13

  • ROI Annualised

    7.35

  • Repurchase Price

    119

  • Average 1 Year Return

    7.35

  • Portfolio Date

    2018-01-31

  • Dividend per Share

    0.00

  • AMFI Code

    100536

  • Expense Ratio

    2.49

UTI-Retirement Benefit Pension Plan

  • Scheme type

    Growth

  • Fund Manager

    Amandeep Chopra

  • Class

    Hybrid - Debt Oriented

  • Minimum Investment

    500

  • Category

    Pension

  • SIP

    YES

  • Launch Date

    1994-12-26

  • STP

    YES

  • Face Value

    10

  • SWP

    YES

 

  • AUM

    2,634.13Cr

  • Adjusted NAV

    98.93

  • ROI Annualised

    10.80

  • Repurchase Price

    26

  • Average 1 Year Return

    10.80

  • Portfolio Date

    2018-01-31

  • Dividend per Share

    0.00

  • AMFI Code

    100682

  • Expense Ratio

    2.26

Reliance Retirement Fund-Income Generation (G)

  • Scheme type

    Growth

  • Fund Manager

    Sanjay Parekh

  • Class

    Hybrid - Debt Oriented

  • Minimum Investment

    5000

  • Category

    Bond Funds

  • SIP

    YES

  • Launch Date

    2015-01-22

  • STP

    YES

  • Face Value

    0

  • SWP

    YES

 

  • AUM

    211.26Cr

  • Adjusted NAV

    11.81

  • ROI Annualised

    4.08

  • Repurchase Price

    12

  • Average 1 Year Return

    4.08

  • Portfolio Date

    2018-01-31

  • Dividend per Share

    0.00

  • AMFI Code

    133572

  • Expense Ratio

    2.61

ICICI Pru MIP 25 (G)

  • Scheme type

    Growth

  • Fund Manager

    Manish Banthia

  • Class

    Monthly Income Plans - Short Term

  • Minimum Investment

    5000

  • Category

    Bond Funds

  • SIP

    YES

  • Launch Date

    2004-02-16

  • STP

    YES

  • Face Value

    0

  • SWP

    YES

 

  • AUM

    1,440.24Cr

  • Adjusted NAV

    38.95

  • ROI Annualised

    9.02

  • Repurchase Price

    39

  • Average 1 Year Return

    9.02

  • Portfolio Date

    2018-01-31

  • Dividend per Share

    0.00

  • AMFI Code

    102330

  • Expense Ratio

    2.30

Description

If you have been thinking about planning your retirement, there is now more option in the form of retirement products from Mutual funds, rather than PPF or fixed deposits. The Income Tax Department has only recently introduced more such funds with comply with Sec 80C benefits. The main advantage of mutual funds retirement products is that you don't have get indulge in buying an annuity, like is the case with the NPS or pension plans from number of insurance companies. Instead, you can go for a systematic withdrawal plan or SWP to meet your regular cash flow needs. Since a part of the withdrawal is your principal, it will be more tax-efficient as well.

A potential Retirement Savings crisis is rearing on the heads of almost every individual with age of between 35-50 years. Inflation, increasing life spans and the ongoing breakdown of the joint family system in urban areas, are just three of a multitude of factors that are combinedly accelerating the already burgeoning need for an aggressive and disciplined retirement savings plan. An Aegon report recently estimated that only around 64 per cent Indians are retirement ready in the true sense, and about three in five save habitually for their retirement. Only 11 per cent Indians are covered under formal pension schemes, and a lot of us save in low yielding instruments such as traditional insurance, deposits and PPF for our retirement.

Investors who don’t will to will to take much risk should follow these funds. They should consider them as hybrid ELSS schemes that offer stable return. There is also a longer lock-in, of five years. Some from the MF sector feel this is a positive. The long lock-in allows fund managers to take a longer-term view while managing these portfolios.  It is said there’s no uniqueness to these funds when compared to others in their structure or investing strategy. Withdrawals from debt-oriented funds are taxed. An investor can uphold the same proportion of assets in two funds, a diversified equity fund and a debt fund, which will help them to generate better returns and also be more tax efficient.

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