Everyone dreams to retire rich. And why shouldn’t they? We spend our entire lives working hard, taking care of our family members, nurturing, and nourishing our kids, paying off student loans, paying for their marriage. After accomplishing all the financial and personal obligations throughout your earlier days, you have earned the right to lead and care-free and blissful retirement life. However, it is up to you to decide how you spend your retirement days. For example, if you are smart enough to know the kind of corpus you are going to need to sustain your golden years then you will take the necessary steps and start saving early so that you have enough years in hand to build the desired investment corpus. But if you fail to understand the importance of retirement planning and start your investment journey late, you will have to make hefty investments, and your retirement planning journey can become a task in itself.
One way to create long term wealth for your sunset years is by investing in solution oriented mutual fund schemes like retirement funds.
For those who do not know, retirement funds are hybrid schemes with a lock-in period. A hybrid fund is a mutual fund scheme that invests its investible corpus in equity and debt. Retirement funds come in different types – aggressive, dynamic, and conservative.
A conservative retirement plan invests the majority of its investible corpus in equity and the rest in debt.
A dynamic retirement plan invests an almost equal proportion in equity and debt.
An aggressive retirement plan invests the majority of its investible corpus in equity and the remaining in debt.
If you want to build a commendable retirement corpus so that you can fulfill your unachieved dreams, you can plan your retirement with Axis Retirement Savings Fund – Aggressive Plan.
What is Axis Retirement Savings Fund – Aggressive Plan?
Axis Retirement Savings Fund – Aggressive Plan is an open-ended retirement solution oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier). The investment objective of this retirement mutual fund scheme is to provide long-term capital appreciation / income by investing in a mix of equity, debt, and other instruments to help investors meet their retirement goals.
What are the benefits of investing in the Axis Retirement Savings Fund – Aggressive Plan?
This is a hybrid fundthat invests in various asset classes like equity, debt, and gold. Equity as an asset class has the potential to offer benchmark beating returns in the long run. Debt and gold as an asset class can offer downside protection against market downturn. Axis Retirement Savings Fund – Aggressive Plan invests in a diversified portfolio of securities. Investors do not have to worry about concentration risk, as their money is invested across different asset classes.
Some of the renowned companies in which the fund invests are Pidilite Industries Limited, Avenue Supermarts Limited, Sundaram Finance Limited, Info Edge (India) Limited, Tata Consultancy Services Limited, Bajaj Finance Limited.
One of the best ways to invest in this fund is through the Systematic Investment Plan option. SIP is the most effective way to invest in mutual funds. Investors do not have to worry about making hefty investments as through SIP they can invest amounts as small as Rs 500 in mutual fund schemes. However, to determine the minimum SIP investment sum of Axis Retirement Savings Fund – Aggressive Plan, investors must refer to the scheme’s Scheme Information Document (SID).
To determine the total returns that one can earn from their SIP investments at the end of their investment journey, investors can even make use of the online SIP calculator, a free tool that any layman can use.