Retirement planning is one of the toughest financial goals to achieve, as investors often redeem their money to fulfil their short-term requirements. Also, considering the long term nature of this goal, an untoward incident with a breadwinner can affect this goal.
In this light, Axis Retirement Savings Fund can be one of the choices for retirement planning. The scheme not only imbibes investing in a disciplined manner through its mandatory lock-in period, it also offers a unique insurance feature, iPlus SIP that ensures any unfortunate event could not derail long term retirement planning.
This coupled with flexibility to choose asset allocation helps clients actively manage their risk profile. The fund offers three different plans: ‘Aggressive Plan’ where equity exposure will range from 65-80%, a ‘Dynamic Plan’ where equity exposure will be dynamically managed from 65-100% and a ‘Conservative Plan’ where debt exposure will range between 40-80%.
For encouraging long-term investment, the scheme offers a unique insurance feature ‘iPlus SIP’ that provides investors complimentary insurance cover on long term SIPs.
Under this iPlus SIP feature, after 12 monthly SIP instalments if and when something untoward happens, he is eligible for insurance benefits. The insurance benefit will be equal to the remaining SIP instalments of his committed years of investment. To know more about the I Plus SIP feature click here
This fund is an open-ended retirement solution oriented scheme. Like the other retirement solution-oriented scheme, this scheme also comes with a lock-in period of five years or until retirement age (whichever is earlier).
The fund will be co-managed by Jinesh Gopani and R Sivakumar.
Features at a glance -
Axis Retirement Savings Fund - Aggressive Plan
This product is suitable for investors who are seeking*:
- Capital appreciation over long term
- Investments primarily in equity and equity related instruments
Axis Retirement Savings Fund – Dynamic Plan
This product is suitable for investors who are seeking*:
- Capital appreciation and income generation over long term
- Investment in equity and equity related instruments as well as debt and money market instruments while managing risk through active asset allocation.
Axis Retirement Savings Fund – Conservative Plan
This product is suitable for investors who are seeking*:
- Capital appreciation & income generation over long term
- Investments in debt and money market instruments as well as equity and equity related instruments
