7 retirement mutual fund SIP schemes that have given up to 33% returns in 5 years; know their names
The number one fund is the ICICI Prudential Retirement Fund. The NAV of the fund is Rs 16.36 and the fund size (AUM) is Rs 980 crore. In five years, this fund has provided returns of 32.95 per cent.
Retirement solutions mutual fund mainly invests in equities i.e. at least 65 per cent of their assets. These funds come with a lock-in period of five years or till retirement, whichever is earlier.
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What are the benefits of retirement mutual fund schemes?
- Goal-oriented
- Long-term investment helps in accumulating a good retirement corpus
- Mixed investments in small, mid and large-cap stocks.
Top 7 mutual fund schemes for retirement
Here are the top seven mutual fund schemes that have given up to 33 per cent returns in five years. Let's know more about them.
1- ICICI Prudential Retirement Fund - Pure Equity Plan
The number one fund is the ICICI Prudential Retirement Fund. The NAV of the fund is Rs 16.36 and the fund size (AUM) is Rs 980 crore. In five years, this fund has provided returns of 32.95 per cent.
2- HDFC Retirement Savings Fund Equity Plan
The second fund on the list if HDFC Retirement Savings Fund Equity Plan. The NAV of the fund is Rs 57.39 and the fund size (AUM) is Rs 6,016 crore. In five years, this fund has provided returns of 31.01 per cent.
3- Nippon India Retirement Fund - Wealth Creation Scheme
Next is the Nippon India Retirement Fund - Wealth Creation Scheme. The NAV of the fund is Rs 33.48 and the fund size (AUM) is Rs 3,467 crore. In five years, this fund has provided returns of 26.75 per cent.
4- Tata Retirement Savings Fund Progressive Plan
The NAV of Tata Retirement Savings Fund Progressive Plan is Rs 81.03 and the fund size (AUM) is Rs 2,132 crore. In five years, this fund has provided returns of 18.12 per cent.
5- Aditya Birla Sun Life Retirement Fund - The 30s Plan
The NAV is Rs 21.77 and the fund size (AUM) is Rs 410 crore. In five years, this fund has provided returns of 20.57 per cent.
6- SBI Retirement Benefit Fund - Aggressive Plan
SBI Retirement Benefit Fund - Aggressive Plan has an NAV of Rs 22.01 and the AUM is Rs 2,763 crore. In three years, this fund has provided returns of 26.21 per cent. The fund was launched on Jan 20, 2021.
7- Union Retirement Fund
Union Retirement Fund 's NAV is Rs 16.36 and the AUM is Rs 149 crore. The fund was launched on September 1, 2022. In one year, this fund has provided returns of 40.69 per cent.
Disclaimer: Investing in mutual funds is subject to market risks. Consult your advisor before making any investment.