Does it make sense to go for separate retirement-based mutual funds? R Sivakumar explains

R Sivakumar, Head Fixed Income, Axis MF, says “what we are trying to do is to have more of a bias towards debt than to equity. This is therefore suitable for someone who is closer to retirement age than someone who is only in the savings part of your career and therefore, as you get older, you will need to de-risk your portfolio. The objective here is that while you get closer to your retirement, either you switch into this fund or increase your allocation into a fund like this which then reduces the risk of your portfolio as you get closer to retirement. ”

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