TATA Retirement Savings Fund: Today’s Saving, Tomorrow’s Happiness

The only person happy on a monday morning is a retiree. If the word ‘Retirement’ portrays a dull and boring image in your mind then you are hardly mistaken. With surplus of time available, a retiree can plan for all the trips that remain unplanned because of the busy work schedule. In short, whosoever thinks of old age as a boring phase of life doesn’t know how to enjoy life. 

Want to make your old age as the golden period of life? Start investing in TATA Retirement Savings Fund. One of the top performing retirement funds is ready to give you the taste of youth again in the second innings of life. This write-up highlights important information about the scheme.

TATA Retirement Savings Fund: Fund Insight

The retirement fund of TATA mutual fund is a complete package consisting different plans according to the asset allocation, risk appetite, and age group of an investor. According to the suitability, an investor can choose among the plan for generating a healthy corpus after retirement. Below are the plans offered under TATA Retirement Savings Fund:

• TATA Retirement Savings Fund- Progressive Plan: This plan is designed for the high risk takers as the equity exposure ranges from 85%-100%. The fund will diversify the remaining in the debt and money market instruments. The scheme is a good pick for investors in the young age as they can afford to take the risk that comes handy with stocks.
• TATA Retirement Savings Fund- Moderate Plan: This retirement plan of TATA MF restricts the equity exposure to 65% to 85%, and the debt exposure lies in the range of 15%-35% which makes it one of the best mutual fund investments for the moderate high risk takers. By diversifying the assets in a combination of debt and equity, the fund managers aims to provide stable returns to the investors. This retirement fund of TATA is suitable for the investors in their 40’s.
• TATA Retirement Savings Fund- Conservative Plan: The scheme is planned by keeping in mind the expectations of the conservative investors. An investor reaching his retirement age cannot afford to take high risk and therefore the fund managers have limited equity exposure to 0%-30%. Consistent returns are eyed by parking the cash predominantly in the debt instruments. 

Thus, an investor can choose the best SIP plan according to the bracket in which he is falling. Apart from this, TATA Retirement Savings Fund provides other facilities as well which are discussed below.

TATA Retirement Savings Fund: Salient Features

• Auto-Switch Feature: The unique feature provided by the retirement fund will automatically switch the plans for an investor after the attainment of a particular age. If an investor start the SIP in the Progressive Plan then the switch will happen in the following ways-
• Progressive to Moderate: The shift will automatically happen when an investor will reach the age of 45 years.
• Moderate to Conservative: The automatic switch facility will be applied when an investor attains the age of 60 years.

Thus, this facility helps the investors to kick out the worry of switching between the plans, every time they attain a certain age. 

• Auto-SWP Feature: Automatic Systematic Withdrawal Plan (SWP) feature is again a key attribute that differentiates this scheme from the other retirement funds. TATA Retirement Savings Fund allows an investor to generate regular cash inflows from the investment. An investor can choose among the below-mentioned options:
• Monthly: An investor can wish to withdraw 0.5% of the investment monthly after he reaches the age of 60.
• Quarterly: On quarterly basis, an investor can withdraw 1.5% of the invested amount after the attainment of 60 years of age.
• On monthly basis: an investor can also opt to receive a flat amount in the multiples of Rs. 500 with Rs. 500 being the minimum amount he can withdraw.   
• Load Free Switch Feature: TATA Retirement Savings Fund allows the investor to move from one plan to another without paying the exit load for six times. However, for using this feature an investor must be associated with the scheme for a minimum of 5 years. 

These were some of the key attributes that are provided by the retirement fund of TATA MF.

Remember, the age 50 is an old age of youth and 60 is the youth of old age. Thus, if you want to rejoice your time after retirement then you should start investing in TATA Retirement Savings Fund through SIP. The scheme is also available at our website- www.mysiponline.com. For further assistance, you can reach out to our experts at- 9660032889.

Happy 60s!