Retirement mutual funds and other common investments like NPS, PPF, and EPF provide a mix of both stocks and bonds. These funds usually have a lock-in period of 5 years or until retirement, which is longer than the lock-in period for ELSS (Equity Linked Savings Scheme). If investors are willing to take more risks with stocks, they can choose these funds for better stock involvement and flexibility.
💡Table of Content
Here are the top 3 retirement funds that have more than doubled investors' money in 5 years:
➥ HDFC Retirement Savings Fund-Equity- Direct Plan (G)
- Rated 5-star by Value Research.
- Manages Rs 5,159.4 crore in assets.
- NAV: Rs 54.17.
- Expense ratio: 0.67%.
- Minimum investment: Rs 100 (lump sum or SIP).
- Benchmarked against Nifty 500 TRI.
- Top holdings: HDFC Bank, ICICI Bank, Axis Bank, SBI, Infosys.
- Return since February 2016: 22.5%.
- Rs 10,000 monthly SIP in 5 years (total Rs 6 lakh) is now worth over Rs 12.6 lakh (30.22% annual yield).
➥ ICICI Prudential Retirement Fund- Pure Equity Plan- Direct Plan (G)
- Rated 5-star by Value Research.
- Manages Rs 795.85 crore in assets.
- NAV: Rs 32.13.
- Expense ratio: 0.76%.
- Minimum investment: Rs 5,000 (lump sum), Rs 100 (SIP).
- Benchmarked against Nifty 500 TRI.
- Top holdings: Bharti Airtel, Ambuja Cements, DLF, Ultratech Cement, L&T, Tech Mahindra, Inox Wind.
- Return since February 2019: 24.54%.
- Rs 10,000 monthly SIP in 5 years (total Rs 6 lakh) is now worth over Rs 13.4 lakh (32.85% annual yield).
➥ ICICI Prudential Retirement Fund- Hybrid Aggressive Plan- Direct Plan (G)
- Rated 4-star by Value Research.
- Manages Rs 476.86 crore in assets.
- NAV: Rs 26.27 (as of June 21).
- Expense ratio: 0.85%.
- Minimum investment: Rs 5,000 (lump sum), Rs 100 (SIP).
- Benchmarked against CRISIL Hybrid 35+65 Aggressive Index.
- Top holdings: Bharti Airtel, Jindal Stainless, Ultratech Cement, Ambuja Cements, Bharat Electronics, Indigo.
- Return since February 2019: 19.92%.
- Rs 10,000 monthly SIP in 5 years (total Rs 6 lakh) is now worth Rs 11.44 lakh (26.16% annual yield).
👉 Mutual Funds vs Stocks: Differences and Which Is Superior
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