IGI Logo

Plan your Retirement with Axis 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.

Axis 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 -

Axis 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 unitsof REITs and InvIT’s.Investors opting for the Aggressive Plan can expect equity exposure anywhere from 65% to 80%.

Axis Retirement Savings Fund - Dynamic Plan: This investment plan has a dual objective of generating capital appreciation by investing in equity and equity related securities as well as generating income by investing in debt and money market securities while attempting to manage risk from the market through active asset allocation. The Investment Plan may also invest in units of Gold ETF or units of REITs& InvITs for income generation/wealth creation.

Axis Retirement Savings Fund - Conservative Plan: This plan by Axis Mutual Funds aims to generate regular income through investments predominantly in debt and money market instruments and to generate long term capital appreciation by investing a certain portion of the portfolio in equity and equity related securities. Axis Retirement Savings Fund - Conservative Planmay also invest in units of Gold ETF or units of REITs & InvITs for income generation/wealth creation.

Here are some of the advantages/benefits of investing in mutual funds for your post-retirement life:

Elasticity: –The best part about mutual funds investment is that they are way more flexible as compared to traditional pension plans. Also, there are no strings attached which means you can either make partial withdrawals or withdraw the entire amount from your fund depending on your lock-in period. In case you feel dicey about your investment scheme, you can always terminate your investment and shift to another better performing mutual fund at your convenience.

Transparency: – When you invest in mutual funds you have access to all the information related to your fund’s performance, its market value. Transparency is always maintained in mutual funds, thus giving investors a clear perspective about all their mutual fund investments.

Depending on your financial objective you can choose which type of mutual fund to invest in for your post-retirement life. There are different types of investment plans catering to different audiences depending on the amount of risk they are willing to take. Post-retirement life is the most important stage of any individual’s life, hence planning for the same should be your top priority. If you are planning to invest in mutual funds for building a decent corpus for post-retirement life, we recommend you start soon.

Investors should bear in mind that the above plans differ in the varying degree of equity and debt allocation and are suited for people depending on their appetite for risk.

Axis Retirement Savings Fund is a solution-oriented product aimed at building a wealthy retirement corpus for investors. This retirement fund is for those who wish to lead a secure and financially stable life after retirement and also for those who want to indulge in their passions, hobbies or venture on foreign trips.

Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.