How Can Tata Retirement Savings Fund - Progressive Plan Secure Your Post Retirement Era?
Mutual funds have fulfilled various financial needs by providing specific schemes for child future planning, retirement planning, tax planning, etc. Tata Retirement planning is among such schemes which have been specifically designed for the fulfillment of financial needs in the post-retirement era. The innovative minds at Tata Mutual Fund have come up with a unique strategy for smoothly gathering, enhancing, and conserving the capital for the retirees.
Mechanism of the Fund
When the individual is fit to earn and rally the corpus, Tata Retirement Savings Fund - Progressive Plan works to amplify the invested corpus through equities. Later on, when the corpus grows high and the risk appetite decreases as the investor reach the age of 45, the progressive plan is automatically switched to moderate plan which has a mixed portfolio of equity and debt instruments. When the investor is retired, the plan becomes highly conservative by investing the complete corpus in debt instruments. Tata Retirement Savings Fund - Progressive plan has various other features which can be grabbed by investing through MySIPonline.
About the Progressive Plan
Tata Retirement Savings Fund - Progressive Plan has proved out to be an instrumental retirement planning tool which has been opted by several investors at their young age to secure their future after retirement. It aims to maximise the invested corpus for future prospect. For this, the fund managers invest the corpus in the equity instruments which can have a moneymaking future. Since the investments are aimed for long-term growth, only the growth style of investment is followed by investing in the diversified equity instruments which belong to the different sector and market caps.
Portfolio of the Fund
The portfolio of this goal-oriented mutual fund is similar to that of a multi-cap fund which is inclined towards large-cap companies. The basis of selection is the promising future and various aspects which can be well described by the financial experts at MySIPonline. Tata Retirement Savings Fund - Progressive Plan generally allocates 65-70% of the corpus in large-cap companies of financial and FMCG sector while the mid and small caps of automotive and engineering industries are mostly preferred. Due to wide selection margin BSE Sensex is taken as the benchmark for this scheme.
Performance Analysis
Tata Retirement Savings Fund - Progressive Plan has performed well above the benchmark providing a consistent growth in the trailing and rolling return since its inception. Though it has not faced severe bears in the market, the performance in the bull and the average market condition has been admirable. Since inception, it has generated an annualised return of 17.72% while the trailing returns in the last 5 years are 22.03% beating the benchmark by 6 points in percentage. Due to its outstanding performance, investors are already eyeing Tata Retirement Savings Fund - Progressive Plan for the purpose of wealth creation.
Tata Retirement Savings Fund - Progressive Plan is not just suitable, but it is a bliss for every earning individual to plan a beautiful future with financial independence. It is the most advanced and modernised method of retirement planning which has multiple advantages over traditional methods like NSC, EPF, PPF, etc. Connect with MySIPonline to invest and to get the full specification of the fund.