Are you missing out on your retirement plans amid the hustle and bustle of securing your children’s future?
Of all the stages in life, old age is very tough when we are prone to struggling both physically and financially. Old age brings with it a whole lot of problems including ailments, weakening of the body and retirement from active employment. The absence of regular income can make us fully dependent on our children.
Planning for a comfortable retired life must take a prime position and it is never too early to plan for retirement. Prudent retirement investments and savings done throughout your life will yield in sufficient wealth creation during your retirement period.
There are many retirement investment avenues which will help you have a peaceful and financially secured old age. Reliance mutual funds scheme presents the Reliance retirement fund, which is an effective pension scheme that will provide for your retirement period.
There are two types of reliance retirement funds available
1. Reliance Wealth Creation Scheme – Pension scheme that creates a lump sum corpus during retirement with equity-oriented accumulation
2. Reliance Income Generation Scheme – Pension scheme that generates regular income during retirement with debt oriented accumulation
Features of Reliance Retirement Fund
- Tax saving and open ended pension scheme that can be used for retirement goals
- Invests in a mix of equity related instruments and fixed income securities for maximum capital appreciation
- Suits for investors with a moderate to high risk profile, due to exposure to the stock market and equities
- Consists of a balanced portfolio:
- Reliance Wealth Creation Scheme – About 65-100% in equities and 0-35% in debt and money market securities.
- Reliance Income Generation Scheme – About 5%-30% exposure to equities and 70-95% in debt and money market securities.
- Fixed income investments will be directed towards high quality instruments and equity portfolio will be invested primarily in large cap companies with tactical allocation in mid cap stocks as well
- Well-suited for investors in post retirement phase with regular income and lower volatility
- Exit load of 1% on redemption before age of 60 years with a lock in period of 5 years
- Flexibility to switch between schemes – You can move from wealth creation scheme to income generation scheme as per your preference
Advantages of Reliance Retirement Fund
- Effective pension scheme that aims to create a good wealth corpus during your retirement
- Live an independent life without relying on your children
- Avail tax benefits throughout the scheme
- Whether you want a regular income or an extended wealth during your retirement, you get to choose the best reliance retirement fund accordingly
- Enjoy your old days and live the life you wanted during retirement
- It enables you to enjoy the same lifestyle as your youth during your retirement period and helps you plan for the right investment
Fund Performance
Type of Plan -
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Latest NAV (Net Asset Value)
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Reliance Retirement - Fund-Wealth Creation Scheme
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10.3751
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Reliance Retirement - Fund-Income Generation Scheme
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11.4883
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Why Invest in Reliance Retirement Fund?
- Support for Old Age - As the average life expectancy in India is increasing and is now at an average of 67 years, we need the funds to support for your retirement period. Your normal pension schemes that yield a fixed rate of income will not suffice
- Inflation – Inflation is on the rise and this translates to higher expenses and standard of living. This open ended pension scheme is targeted to fight inflation by investing in growth assets
- Systematic transactions – Accumulate your investment by mean of SIP (Systematic Investment Plan) month on month and add lump sump excess sum over the earning years. Systematic withdrawal plan is also available to use only what is needed for retirement by means of automatic redemption of units
- Ideal Investment – Begin early, set up the pension scheme by means of SIP and add lump sums along the way. Make use of the auto transfer facility to switch between wealth creation and income generation schemes. Reap the full benefits during retirement by setting a systematic withdrawal plan
A retirement fund offers you a regular source of income during your retirement. Be well-prepared with the reliance retirement fund and live your last years in peace.
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