Retirement is an inevitable cycle of life that you look forward to and plan for. It is often one of the important long-term goals in anyone’s life. The ideal thing to do while planning for retirement is to start investing for it earlier on and not withdraw your investment amount until retirement. This investment of yours can then become a source of income after you have retired. Retirement funds are solution-oriented mutual fund schemes that allow investors to invest particularly for their retirement goals. It comes with a lock-in period of 5 years or lock-in till retirement age, whichever is earlier. On this note, let’s explore some of the best Retirement Mutual Funds with top SIP returns in 5 years. We will also check how Rs 12,000 monthly investment has grown to Rs 13.3 lakh in the No. 1 scheme.
ICICI Prudential Retirement Fund
In 5 years, ICICI Prudential Retirement Fund has given 24.83 per cent annualised SIP returns. Its assets under management (AUM) are Rs 982 crore, while its net asset value (NAV) is Rs 31.31. Benchmarked against NIFTY 500 TRI, the fund has given annualised returns of 20.56 per cent since its launch in February 2019.
With an expense ratio of 0.83 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 5,000 as the minimum lump sum investment. With a monthly SIP of Rs 12,000 and a total investment of Rs 7,20,000 in 5 years, the fund has given a total of Rs 13,30,000.
HDFC Retirement Savings Fund
This Retirement Savings Fund has delivered a 22.03 per cent annualised SIP return in 5 years. It has a fund size of Rs 5,571 crore and a unit price of Rs 53. Its benchmark is the NIFTY 500 TRI, and since its launch in February 2016, it has achieved an annualised return of 20.01 per cent.
With an expense ratio of 0.94 per cent, the fund’s minimum investment requirements are Rs 500 for SIPs and Rs 5,000 for lump sum. In 5 years, a Rs 12,000 monthly SIP investment has grown to Rs 12,44,000.
Nippon India Retirement Fund
In 5 years, Nippon India Retirement Fund has given 18.66 per cent annualised SIP returns. Its assets under management (AUM) are Rs 2,849 crore, while its net asset value (NAV) is Rs 29.82. Benchmarked against BSE 500 TRI, the fund has given annualised returns of 11.33 per cent since its launch in January 2015.
With an expense ratio of 1.03 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 5,000 as the minimum lump sum investment. With a monthly SIP of Rs 12,000 and a total investment of Rs 7,20,000 in 5 years, the fund has given a total of Rs 11,46,000.
Tata Retirement Savings Fund
This Tata Retirement Savings Fund has delivered a 15.52 per cent annualised SIP return in 5 years. It has a fund size of Rs 1,803 crore and a unit price of Rs 72.24. Its benchmark is the NIFTY 500 TRI, and since its launch in January 2013, it has achieved an annualised return of 15.55 per cent.
With an expense ratio of 0.59 per cent, the fund’s minimum investment requirements are Rs 500 for SIPs and Rs 5,000 for lump sum. In 5 years, a Rs 12,000 monthly SIP investment has grown to Rs 10,61,000.
Aditya Birla Sun Life Retirement Fund
In 5 years, Aditya Birla Sun Life Retirement Fund has given 13.25 per cent annualised SIP returns. Its assets under management (AUM) are Rs 343 crore, while its net asset value (NAV) is Rs 19.57. Benchmarked against NIFTY 500 TRI, the fund has given annualised returns of 11.69 per cent since its launch in February 2019.
With an expense ratio of 1.16 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 1,000 as the minimum lump sum investment. With a monthly SIP of Rs 12,000 and a total investment of Rs 7,20,000 in 5 years, the fund has given a total of Rs 10,03,000.
DISCLAIMER: Not financial advice; invest at your own risk
