Axis Money IQ Knowledge Nugget - 163
Axis Mutual Fund
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Plan your Retirement with Retirement Savings Fund
Plan your Retirement with Retirement Savings Fund
Saving money is a discipline which everyone should inculcate in their life. If you are planning to invest to build a decent corpus for your post-retirement life, you should consider investing in mutual funds. Retirement planning should be taken seriously because it is when you stop earning on a daily basis and cannot afford to be penniless at that point in your life. If you are planning to build retirement corpus, you can consider investing in mutual funds. Investment for retirement should not be overlooked because income streams dry up post-retirement and hence you need to make sure that there is enough corpus to sustain the same standard of living post-retirement.
Retirement Savings Fund is an open-ended retirement savings fund that is specifically focused on investors who are looking to build a corpus for a financially stable and secured post-retirement life. Axis Retirement Savings Fund offers three investment plans -
Retirement Savings Fund - Aggressive Plan: This product is suitable for investors who are seeking capital appreciation over the long term. Here investments are primarily made in equity and equity-related instruments as well as debt, money market instruments, Gold ETF’s and units of REITs and InvIT’s. Investors opting for the Aggressive Plan can expect equity exposure anywhere from 65% to 80%.
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Statutory Details: Axis Mutual Fund has been established as a Trust under the Indian Trusts Act, 1882, sponsored by Axis Bank Ltd. (liability restricted to Rs. 1 Lakh). Trustee: Axis Mutual Fund Trustee Ltd. Investment Manager: Axis Asset Management Co. Ltd. (the AMC). Risk Factors: Axis Bank Limited is not liable or responsible for any loss or shortfall resulting from the operation of the scheme.
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.