best retirement mutual funds in india 2024
ere is a table highlighting the top retirement mutual funds of 2024 (as per 3Y Returns):
Fund Name | expense ratio | allocation | 3Y Return (Annualised) |
ICICI Prudential Retirement Fund Pure Equity Plan Direct-Growth | 0.71%. | 93.75% of its investments in equities, which includes 53.3% of large-cap stocks, 14.78% of mid-cap stocks and 12.86% of small-cap stocks | 33.36% |
HDFC Retirement Savings Fund Equity Plan Direct-Growth | 0.68% | 89.74% of its investments in equities which includes 48.81% of large-cap stocks, 9.45% of mid-cap stocks and 17.4% of small-cap stocks | 28.08% |
ICICI Prudential Retirement Fund Hybrid Aggressive Plan Direct-Growth | 0.66% | 80.02% of its investments in equities, including 46.78% of large-cap stocks, 20.73% of mid-cap stocks, and 12.52% of small-cap stocks. Additionally, it allocates 7.87% in debt, including 4.79% in government securities | 23.74% |
SBI Retirement Benefit Fund Aggressive Plan Direct-Growth | 0.84%. | 93.65% in equities | 23.58% |
Nippon India Retirement Fund Wealth Creation Scheme Direct-Growth | 0.96% | 97.32% of its investments in equities which includes 53.92% of large-cap stocks, 9.59%of mid-cap stocks and 8.11% of small-cap stocks | 23.25% |
Past Performance
doesn;t guarantee future returns, however track the past performance to index is there is growth or not.
lumpsum investment for regular income throught SWP
we need SWP Calculator
- Lumpsum amount 40 lakhs
- Rate of return assumption 10% annually /cagr (some years 20% also there we may assume 15% also)
- 35000 monthly withdrawal
- corpus grown in 25 years Rs 1,19,01,617 (1 crore 19 lakhs)
- toal withdrawal in 25 years Rs 1,05,00,000 (1 crorse 5 lakhs)
- remaining balance 14,01,617 or 14 lakhs
E.g., if you have invested Rs 40 lakh in a lump sum in a scheme(s) and it grows at a CAGR of 10 per cent, and you decide to withdraw Rs 35,000 every month for 25 years, after 25 years, your total withdrawal will be Rs 1,05,00,000, but even then your corpus will grow to Rs 1,19,01,617 because of compounding returns.
After withdrawing your monthly income for 25 years, you will still have a Rs 14,01,617 balance.
Depending on children and retirement income.
its better to have retirement rather than depending on the son, he may busy with childplannning, debt mnagment, income sources etc.
we may gift retirement income to grand children if we longer needed. building wealth is the key here.