How TATA Retirement Savings Fund can Secure Your Post-Work Life?

This article discusses some major highlights about TATA Retirement Savings Fund. Investors can opt for this fund and start saving good money to be used in their retirement period.

Everybody wants to live a comfortable life. People literally burn their youngest, prettiest years to build wealth for their future. But not many people think about the life that follows after they might quit working. We are talking about the retirement period. Yes, people do a lot of hard work, but that suffices only till their hands are working. So, what should they do to make their retirement period more comfortable?

There are many “schemes” out there that claim to make your post-work life a charmer. But beware that there is nothing as good as TATA Retirement Savings Fund. This plan is specially tailored for the purpose of fulfilling the retirement goals, and help people to live a comfortable life even when they are not actively working.

A Brief Insight into the Fund

TATA Retirement Savings Fund – Regular Plan (G) is an open-ended, equity mutual fund. It belongs to the aggressive hybrid category, which means that the underlying portfolio comprises of both the equity and the debt instruments. This fund has been specially designed to let people save for their retirement period and achieve their long term goals. Started in 2011, it is one of the best options available to cater to the retirement needs of an investor.

The Salient Features

• The Pricing

Before investing in a fund, it is important to have a basic idea about the cost of investment. This will help you to set a budget and proceed accordingly with your investments. A unit of TATA Retirement Savings Fund (G) was selling at ₹30.2218 on 1st July 2019. This value was achieved after the fund witnessed and escalation of 0.53% in the value of its net assets. Since, this price sits in an affordable range, you should proceed with an investment at the earliest.

• The Wealth

Having a huge asset base is a boon for not only the fund but also for the investors. If a fund dwells a big asset pool, then the chances for further expansion multiply. TATA Retirement Savings Fund (Growth) dwells a decent AUM of ₹1,101 crore, which was last noted on 31st May 2019. With an increased number of investors wanting to save for their future, an investment in the fund has increased massively in the last 3 years. Hence, it is expected that the asset size of the fund will increase by manifold in the coming years.

• The Fund Management

The fund management is a key attraction of TATA Retirement Savings Fund. The fund managers recruited by the fund hold good experience in asset allocation and portfolio management. This provides a sense of trust that the investors’ money will not be misused and will be placed in promising ventures.

The Advantages

• High Yield

When you are planning to save for your retirement, you’d obviously want a decent regular income till maturity. And, by investing in TATA Retirement Savings Fund (Growth), you can achieve a regular pay. The past performance of the fund was superb, which testifies that an investment in this fund is going to be very profitable. The past five year yield was averaged at 14.08%, while the returns earned by the fund since inception have a rough average of 15.51%.

• Disciplined Investing

One of the main things to remember while making value based investment is to give proper time to your funds to grow. Many people make the mistake of redeeming their funds at an early stage, which not only hurts their investment value but also sabotages the chance of a higher income. Under TATA Retirement Savings Fund (G), you will be required to make investments for at least a period of 5 years. This is because any redemption made within this period can attract exit load of 1%, which will shrink the value of your investments.

These were some of the major highlights of TATA Retirement Savings Fund (Growth). This fund is highly recommended for those who are looking forward to secure their retirement and live comfortably in their post-work life.