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Best Retirement Funds

Pension plans from insurance companies, National Saving Certificate (NSC), Employee Provident Fund (EPF) and Public Provident Fund (PPF) are the savings instruments that come to mind when planning for retirement. Many of us don’t even make adequate plans for retirement and end up depending on our daughters and sons. However, if you are not averse to taking a bit of risk with your money, mutual funds are a great investment for your retirement years. The earlier you start saving for your superannuation, the more corpus you’ll have when the time comes. Though there are retirement-targeted mutual funds, you may also opt for a regular equity, debt or hybrid fund on a long-term basis for wealth creation.

Why Mutual Fund?

Here are some of the reasons to consider mutual funds for retirement planning:

Choosing the Best Retirement Plan

Before you buy a mutual fund, you need to do some research to find the fund that is the most suitable for you. The things you need to keep in mind while doing the research are:

Top Five Funds for Retirement Planning for Investors Between 25 and 40 Years of Age

Product Name Category 1 Year 3 Year 5 Year Fund Value of Rs.10,000 Invested Per Month (5 Years)
Aditya Birla Sun Life Small and Midcap Fund – Growth Equity 13.97% 22.94% 28.01% Rs.11,72,257
Canara Robeco Emerging Equities – Growth Equity 13.24% 20.25% 30.21% Rs.12,33,265
Franklin India Prima Plus – Growth Equity 10.93% 11.77% 18.77% Rs.9,44,288
HDFC Balanced Fund – Growth Equity 11.59% 12.97% 19.10% Rs.9,51,705
Mirae Asset Emerging Bluechip Fund – Growth Equity 12.54% 21.95% 30.39% Rs.12,38,390

Top Five Funds for Retirement Planning for Investors Between 41 and 50 Years of Age

Product Name Category 1 Year 3 Years 5 Years Fund Value of Rs.10,000 Invested Per Month (5 Years)
BNP Paribas Mid Cap Fund – Growth Equity 6.37% 14.17% 23.53% Rs.10,56,239
Kotak Select Focus Fund – Regular – Growth Equity 10.46% 15.40% 20.60% Rs.9,85,995
L&T India Prudence Fund – Regular – Growth Equity 11.00% 12.88% 18.69% Rs.9,42,499
Mirae Asset India Equity Fund – Regular – Growth Equity 15.23% 15.64% 20.57% Rs.9,85,301
SBI Magnum Multi Cap Fund – Growth Equity 15.48% 15.91% 20.84% Rs.9,91,611

Top Five Funds for Retirement Planning for Investors Between 51 and 55 Years Age

Product Name Category 1 Year 3 Years 5 Years Fund Value of Rs.10,000 Invested Per Month (5 Years)
Aditya Birla Sun Life Balanced 95 – Growth Equity 9.97% 12.32% 16.72% Rs.8,99,433
Franklin India Balanced Fund – Growth Equity 9.79% 10.07% 15.88% Rs.8,81,633
ICICI Prudential Balanced Advantage Fund – Regular – Growth Equity 10.24% 10.45% 14.22% Rs.8,47,348
Mirae Asset India Equity Fund – Regular – Growth Equity 15.23% 15.64% 20.57% Rs.9,85,301
SBI Bluechip Fund – Growth Equity 13.65% 13.17% 17.98% Rs.9,26,773

Top Five Funds for Retirement Planning for Investors Above 56 Years of Age

Product Name Category 1 Year 3 Years 5 Years Fund Value of Rs.10,000 Invested Per Month (5 Years)
Aditya Birla Sun Life Balanced 95 – Growth Equity 9.97% 12.32% 16.72% Rs.8,99,433
Aditya Birla Sun Life Short Term Opportunities Fund – Regular – Growth Debt 5.72% 7.88% 8.79% Rs.7,43,528
DSP Blackrock Credit Risk Fund – Regular Plan – Growth Debt 5.71% 8.31% 8.74% Rs.7,42,643
ICICI Prudential Balanced Advantage Fund – Regular – Growth Equity 10.24% 10.45% 14.22% Rs.8,47,348
Mirae Asset India Equity Fund – Regular – Growth Equity 15.23% 15.64% 20.57% Rs.9,85,301
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