Our life begins and ends at planning. For a student, it is scoring good in the exams, for a bachelor, the ultimate plan is to hunt down a good job and settle in life and for a man in his forties, all it is left is to make enough money to last his post retirement life. While some planning proves successful, some fail fatally and the results are often disturbing. Hence, to prevent you from the pain of a failed plan and make you confident about your post retirement life, MySIPonline presents to you a detailed account on Reliance Retirement Savings Fund, one of the ace funds in the Indian market used primarily for retirement planning.
In India, a person normally starts his career between the age of 22-25 years and works until his retirement, which is usually done in the age of 60 years. Now as planning for life while you are still young is important, but you cannot afford to overlook the planning for your life after you have entered your second innings. You might have got retired from your profession, but there’s no bar for the age to earn money. Thus, investing in funds such as Reliance Retirement Fund – Wealth Creation Scheme is one of the best ways to enrich your post retirement life with prosperity. If properly planned and executed, an investment in this fund will plough in enough money for you to lead a comfortable retirement life. The following information gathered by MySIPonline’s expert team will help you in many ways to create a superb investment plan which you can use to realise your dreams and objectives.
About the Fund
Reliance Retirement Fund (Growth) is an equity-oriented large-cap mutual fund. It’s a new fund in the market launched in 2015, where the primary objective is to attain capital appreciation and earn a regular income that is in line with the retirement goals of the investors. It strives to attain this objective through an investment in a mixed pool of equity and related instruments, as well as in fixed income securities.
The fund has been managing an asset size of Rs. 1, 252 crore as declared by the AMC on May 31, 2018. It was recently awarded a four star rating by CRISIL for showing outstanding performances and beating both its benchmark and peer returns.
The Scope of Earning
Reliance Retirement Savings Fund (Growth) has performed quite well in the short period of service in the market. It has quite capably overtaken the industry average and has also left behind the category returns by a good margin in the long run. The following table will show you the performance earned by this fund since its inception:
As you can see from the above table, both the short term and long term returns earned by this fund are quite impressive. Though it has lagged behind a bit in the short term, it has coped up quite well by earning returns more than its peers and industry average in the long run.
Something More
Since Reliance Retirement Savings Fund (G) is specifically designed for planning a retirement, the exit load has been set accordingly. Unlike other funds, where usually the exit load is charged if the redemption is made before the completion of 365 days, here the exit load will be charged if the redemption or withdrawal is made before attaining the age of retirement, i.e., 60 years.
Hence, investing in Reliance Retirement Savings Fund – Wealth Creation Scheme through MySIPonline will be a wise step towards creating a solid investment plan to cover your retirement. Besides good earnings, there is an affordable risk factor present in this fund which stays under control and doesn’t let your funds get exposed to unwanted volatility. Now, don’t just glare at your computer screen. Go, make some arrangements for your new investment!
