Best Mutual Funds from Different MF Categories That Can Serve Your Long Term Retirement Goal
| Mutual fund | AUM | 5 years |
|---|---|---|
| HDFC Retirement Savings Fund | Rs. 1433 crore | 52.00% |
| ICICI Prudential Balanced Advantage | Rs. 30900 crore | 35.00% |
| SBI small cap | Rs. 7919 crore | 77.00% |
| Parag Parikh Flexi Cap Fund | Rs. 9179 crore | 72.30% |
Also question is, which is the best retirement mutual fund in India?
Choosing the Best Retirement Plan
| Product Name | Category | 5 Years |
|---|---|---|
| Franklin India Balanced Fund – Growth | Equity | 15.88% |
| ICICI Prudential Balanced Advantage Fund – Regular – Growth | Equity | 14.22% |
| Mirae Asset India Equity Fund – Regular – Growth | Equity | 20.57% |
| SBI Bluechip Fund – Growth | Equity | 17.98% |
| Fund Name | Category | Rating |
|---|---|---|
| Tata India Consumer Fund | Equity | 4 star |
| Tata Equity P/E Fund | Equity | 4 star |
| Tata Ethical Fund | Equity | 3 star |
| Tata Income Fund | Debt | 3 star |
Hereof, how can I redeem my Tata Mutual Fund Online?
To Redeem: Send an SMS RED space <amount> space <scheme code> space <folio number> to 56767177 i.e. for example, for redeeming Rs. 1,000 in Tata India Tax Saving Fund – Direct Plan – Growth option in folio number 12345678, SMS RED 1000 TTSFGZ 12345678.
Can you lose all your money in a mutual fund?
With mutual funds, you may lose some or all of the money you invest because the securities held by a fund can go down in value. Dividends or interest payments may also change as market conditions change.
What is the best option for retirement planning?
SEP IRAs (Self-Employed IRAs)
Simplified Employee Pension, known as a SEP IRA is the most common retirement savings plan for self-employed individuals and small business owners. Known as the easiest, low-cost plan with a large contribution limit, it allows for tax shelter and tax-deferred growth.
Which SIP is best for 5 years?
Best SIP Plans for 5 Years in Equity Funds
- Axis Bluechip Fund Monthly SIP Plan. This is an open-ended equity scheme with a track record of outperformance. …
- ICICI Prudential Blue chip Fund. …
- SBI Blue chip Fund. …
- Mirae Asset Large Cap Fund. …
- SBI Multicap Fund.
What is the safest retirement fund?
No investment is entirely safe, but there are five (bank savings accounts, CDs, Treasury securities, money market accounts, and fixed annuities) which are considered the safest investments you can own. Bank savings accounts and CDs are typically FDIC-insured. Treasury securities are government-backed notes.
Which SIP is best for 3 years?
- Mirae Asset Emerging Bluechip Fund.
- PGIM India Diversified Equity Fund.
- Parag Parikh Long Term Equity Fund.
- UTI Equity Fund.
- Canara Robeco Bluechip Equity Fund.
- DSP BlackRock Equity Fund.
- Canara Robeco Equity Diversified.
- Tata Large and Midcap Fund.
Should I invest in Tata multicap fund?
Although multicap funds come with some safety element of large caps, they also carry the risk associated with mid and small caps. Hence investors should consider investing in multicap funds only if their risk appetite permits.
Is SIP tax free?
Every SIP instalment into an SIP counts towards tax deductions under Section 80C. You can claim a tax rebate of up to Rs 1,50,000 and save up to Rs 46,800 a year in taxes.
Is Tata Mutual Fund Safe?
Along with fund management, Tata Mutual Fund offers expert financial services. Investors are attracted by the trust and consistent record of the company. Performance of the company has created a confidence among the investors about the safety of their money.
How can I change my account in Tata Mutual Fund Online?
Unit holders will be required to submit the duly filled in Change of Bank mandate Form along with a cancelled original cheque leaf of the new bank account as well as the bank account currently registered with the mutual Fund (where the account number and first unit holder name is printed on the face of the cheque).
Is there any app for Tata Mutual Fund?
Tata Savings + – Apps on Google Play.
How can I check my Tata Mutual Fund status?
SMS: We are constantly in touch with all investors and distributors whose mobile numbers are captured in our database. You can also SMS ‘TMF’ on 57575 and we will be glad to call you back within a few business hours to understand and resolve your query.