Top 5 Retirement Mutual Funds in 5 Years: Rs 3 lakh investment in top fund has given Rs 8.78 lakh corpus
Retirement mutual funds are long-term funds where the lock-in period is either five years or the retirement age. Investors with long-term investment horizon and aiming at creating retirement corpus invest in retirement funds. One can invest in retirement mutual funds through lump sum and systematic investment plan (SIP). Some of the mutual funds have performed consistently in the five-year lock-in period. Here's the list of top 5 mutual funds and what a Rs 3 lakh lump sum investment in each of the funds has given in the last 5 years.
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ICICI Prudential Retirement Fund - Pure Equity Plan
The fund at the top has given 23.98% return in the 5-year period. Its benchmark, NIFTY 500 Total Return Index, meanwhile, has given 18.18% returns in the same period. The fund has an assets under management (AUM) of Rs 729.80 crore, while its net asset value (NAV) is worth Rs 30.4700. A Rs 300,000 (Rs 3 lakh) investment in the fund has given Rs 5,78,778.48 (Rs 5.78 lakh) in long-term capital gains.
HDFC Retirement Savings Fund - Equity Plan
The fund at No. has given 23.31% return in the 5-year time frame. The fund's benchmark is NIFTY 500 Total Return Index. Its AUM is Rs 5,045.26 crore while the NAV is Rs 50.7500. A Rs 3 lakh investment in the fund has given long-term capital gains of Rs 5,55,288.72.
ICICI Prudential Retirement Fund - Hybrid Aggressive Plan
Another retirement fund from ICICI has given 19% return. It has outperformed its benchmark, CRISIL Hybrid 35+65 Aggressive Index, which has grown 14.46% in the same duration. The fund's AUM is Rs 429.46 crore, while its NAV is worth Rs 429.46. Had one invested Rs 3 lakh in the fund 5 years ago, the would have got Rs 4,15,906.1 just as long-term capital gains.
HDFC Retirement Savings Fund - Hybrid Equity Plan
The fund at No. 4 has given a return of 17.31% in the five years. Its index, NIFTY 50 Hybrid Composite Debt 65:35 Index, meanwhile, has given 13.13% returns. The fund's AUM is Rs 1,394.55 crore while its NAV is Rs 39.0530. A Rs 3 lakh investment in the fund has grown to Rs 6,66,494.28, which includes Rs 3,66,494.28 as long-term capital gains.
Tata Retirement Savings Progressive
The fund from Tata has given 16.65% returns in the 5-year period. Benchmarked against NIFTY 500 Total Return Index, the fund's AUM is Rs 1,835.97 crore while its NAV is Rs 69.4260. An investment of Rs 3 lakh in the fund has given long-term capital gains of Rs 3,47,955.19.