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Best Mutual Funds for Retirement Planning

08 June 2022

The goal of retirement planning is to figure out what kind of income you might need in retirement and then narrow down the options for getting there. Mutual funds make the cut as far as investment opportunities for financial goals go because saving for retirement is primarily a category that involves long-term planning.

Nevertheless, in order to build up the preferred income, you might not want to invest in any accessible mutual fund category. The finest mutual fund investments for retirement savings are those that provide diversification benefits while lowering uncertainties.

Have you been thinking of retirement options? If that's the case, you've come to the right place. Retirement planning is critical, and it's especially important to get started early and correctly. You might be wondering "Why do I need a retirement plan?".

In this blog, we have composed a list of the Best Mutual Funds for Retirement Planning along with the importance of Retirement Planning. 

Best Retirement Funds 2022

S.No.

Retirement Mutual Funds

1.

HDFC Retirement Savings Fund Equity Plan Direct-Growth

2.

ICICI Prudential Retirement Fund Pure Equity Plan Direct-Growth

3.

HDFC Retirement Savings Fund Hybrid Equity Plan Direct-Growth

4.

ICICI Prudential Retirement Fund Hybrid Aggressive Plan Direct-Growth

5.

Tata Retirement Savings Fund Progressive Plan Regular Growth

Factors You Should Know Before Investing In The Best Mutual Funds for Retirement in 2022 

  • It is Extremely Flexible

Mutual Funds for Retirement are more adaptable than traditional pension plans. There are no limits on making any partial or whole withdrawal at any moment. If you wish, you may withdraw your investment and switch to another mutual fund at any time.

  •  It is Transparent

Mutual Funds for Retirement are more transparent than pension plans since you can quickly get all of the information you need about a mutual fund. To be able to maintain your lifestyle after retirement, you must have a steady source of income. Mutual funds allow you to easily plan for a secure future while minimizing the risks involved.

  • You Can Avail Tax Benefits

When compared to pension plans, Mutual Funds for Retirement are more tax-efficient. There is no exemption to the rule that pension income is taxed in the same way as other income. Long-term capital gains in equities mutual funds are tax-free up to Rs 1 lakh, but in debt funds, it is paid after indexation, which most of the time reduces the tax to nil.

Performance of the Top Retirement Mutual Funds of 2022

1) HDFC Retirement Savings Fund Equity Plan Direct-Growth

HDFC Retirement Savings Fund Equity Plan Direct-Growth is a Solution Oriented Mutual Fund Scheme launched by HDFC Mutual Fund. The Scheme seeks to provide long-term capital appreciation/income by investing in a mix of equity and debt instruments to help investors meet their retirement goals and is considered the most well-known Retirement Fund.

2) ICICI Prudential Retirement Fund Pure Equity Plan Direct-Growth

ICICI Prudential Retirement Fund Pure Equity Plan Direct-Growth is a Solution Oriented Mutual Fund Scheme launched by ICICI Prudential Mutual Fund. The scheme seeks to generate long-term capital appreciation and income generation for investors from a portfolio that is predominantly invested in equity and equity-related securities and is the best Retirement Mutual Fund in India.

3) HDFC Retirement Savings Fund Hybrid Equity Plan Direct-Growth

HDFC Retirement Savings Fund Hybrid Equity Plan Direct-Growth is a Solution Oriented Mutual Fund Scheme launched by HDFC Mutual Fund. The scheme seeks to provide long-term capital appreciation/income by investing in a mix of equity and debt instruments to help investors meet their retirement goals and is a commonly preferred Mutual Fund Retirement Mutual Fund Plan.

4) ICICI Prudential Retirement Fund Hybrid Aggressive Plan Direct-Growth

ICICI Prudential Retirement Fund Hybrid Aggressive Plan Direct-Growth is a Solution Oriented Mutual Fund Scheme launched by ICICI Prudential Mutual Fund. The scheme seeks to invest in equity and equity-related securities to generate capital appreciation.

5) Tata Retirement Savings Fund Progressive Plan Regular Growth

Tata Retirement Savings Fund Progressive Plan Regular Growth is a Solution Oriented Mutual Fund Scheme launched by Tata Mutual Fund. The fund seeks to provide a financial planning tool for long-term financial security for investors based on their retirement planning goals.

Conclusion

This was the list of the best Retirement Mutual Funds India in 2022. No one predicts the future, which means you do not know what you do not know, and you need that finance. You need help with your health as you get older.

Taxes can take up a part of your retirement if you do not plan them accordingly. You get to the big picture, and it helps you make better career and financial decisions.

With mutual funds, you can just directly invest with a mutual fund house with a direct plan. You just have to visit a fund house and give your relevant information. With the benefits of SIP and other major benefits, it is one of the best choices for a retirement saving plan.

Disclaimer

The stocks mentioned in this article are not recommendations. Please conduct your own research and due diligence before investing. Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges. As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. NBT do not guarantee any assured returns on any investments. Past performance of securities/instruments is not indicative of their future performance.
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