Retirement funds can nudge investors to save: Who should opt for them?

The disciplined ones can accumulate for this crucial goal, using equity, debt funds, and NPS

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Investors who tend to liquidate their assets for other goals may go for these funds. Those who chase the highest-performing asset class should also opt for their diversified portfolios (along with the benefit of rebalancing)

Sanjay Kumar Singh New Delhi

3 min read Last Updated : Jan 22 2021 | 12:23 AM IST

Eight leading mutual fund (MF) houses already offer retirement plans. SBI MF, the country’s largest fund house by assets under management, joined their ranks recently when it launched the SBI Retirement Benefit Fund (SBIRBF).

Multiple fund options

These are open-end funds that come with a lock-in, which could be either five years or a certain age (65 in SBIRBF), whichever comes earlier. Each fund offers several plans — some fund houses offer two and some up to four. Each plan has a certain asset allocation.

In the case of SBIRBF, the four plans are: aggressive (equity allocation

Topics : Retirement plan Retirement savings Mutual Funds National Pension Scheme

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