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In today's fast-paced world, retirement planning has become more crucial than ever. With the constant threat of inflation and unforeseen expenses, it is essential to have a financial plan in place to ensure a seamless transition into retirement.Retirement solution-orientedmutual fund schemes are one of the good way to help investors accumulate funds over their working lives and help them reach their desired financial goals upon retirement andenjoy their retirement life.

Baroda BNP Paribas Mutual Fund announced its latest offering - Baroda BNP Paribas Retirement Fund, designed to help retirement planning for individuals seeking capital appreciation and income generation over the long term. This open-ended retirement solution-oriented scheme comes with a lock-in period of five years or until retirement age of58 years (whichever is earlier). The clear goal orientation and lock-in period help investors to stay invested for long-term and achieve their retirement goal.

The investment can be made both by way of lump-sum and SIP. Investors can opt for an SIP investment that suits their age and financial objectives. The fund opened for subscription on May 8th, 2024, and will close on May 22nd, 2024. The fund is benchmarked against CRISIL Hybrid 35+65 - Aggressive Index.

The Equity portion of Baroda BNP Paribas Retirement Fund will be managed by Mr. Pratish Krishnan and Debt portion will be managed by Mr. Mayank Prakash.

Speaking on the occasion, Suresh Soni, CEO, Baroda BNP Paribas Mutual Fund, said,

“We are thrilled to announce the launch of Baroda BNP Paribas Retirement Fund, a crucial step forward in aiming to securing a financial future for all. Recent India Retirement Index Study^#emphasises the importance for such a solution: 53% of Indians still rely on family wealth and children to finance their retirement. Furthermore, 90% of Indians over the age of 50 express profound regret at not having started their retirement planning earlier. These insights bring to light the vital need for sustainable retirement solutions.

As life expectancy increases, it becomes imperative to ensure that retirement years are spent with financial peace of mind. Baroda BNP Paribas Retirement Fund aims to meet this need. Most investors start saving for retirement too late and that too in traditional options. We believe that given the long-term nature of investments, it is important that investors consider investing into capital market options like mutual funds which have the potential to compound their savings at much better rates. Baroda BNP Paribas Retirement Fund is an open-ended retirement solution-oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier). We encourage everyone, especially the young generation, to start investing systematically today onwards and aim to secure their future.”

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