Best Mutual Funds from Different MF Categories That Can Serve Your Long Term Retirement Goal
| Mutual fund | AUM | 5 years |
|---|---|---|
| HDFC Retirement Savings Fund | Rs. 1433 crore | 52.00% |
| ICICI Prudential Balanced Advantage | Rs. 30900 crore | 35.00% |
| SBI small cap | Rs. 7919 crore | 77.00% |
| Parag Parikh Flexi Cap Fund | Rs. 9179 crore | 72.30% |
Also know, where should I invest my retirement money in India?
5 investment options for the retired
- Senior Citizens’ Saving Scheme (SCSS) …
- Post Office Monthly Income Scheme (POMIS) Account. …
- Bank fixed deposits (FDs) …
- Mutual funds (MFs) …
- Tax-free bonds. …
- Immediate annuities.
| Funds | 1-Year Returns | Rating by Morningstar |
|---|---|---|
| Canara Robeco Equity Hybrid Fund Regular Growth | 36.15% | 5 Star |
| Quant Absolute Fund Direct Growth | 81.38% | 5 Star |
| Mirae Asset Hybrid Equity Fund Direct Growth | 38.34% | 4 Star |
Also question is, what is the best income fund for retirement?
6 Funds to Maximize Your Income While You’re Retired
- Vanguard Wellesley Income Admiral Fund.
- Vanguard Wellesley Income Fund Investor Shares.
- Vanguard Equity Income Fund Investor Shares.
- Vanguard Wellington Fund Investor Shares.
- Dodge & Cox Stock Fund.
- Vanguard PRIMECAP Fund Investor Shares.
- The Bottom Line.
Is NPS better than mutual fund?
When it comes to returns, mutual funds score over NPS. NPS typically offers annual returns up to 8 per cent – 10 per cent which is higher than other fixed income instruments. However, mutual funds, in the long run, have generated above average returns between 15 per cent -17 per cent annually.
Which mutual fund is best for 1 years?
Debt Mutual Funds
| Funds | 1-year returns | 5-year returns |
|---|---|---|
| Aditya Birla Sun Life Low Duration Fund | 5.45% | 7.94% |
| Kotak Low Duration Fund | 5.41% | 8.16% |
| JM Low Duration Fund | 3.75% | 6.22% |
| Axis Treasury Advantage Fund | 4.79% | 7.56% |
What is the safest investment for retirement?
No investment is entirely safe, but there are five (bank savings accounts, CDs, Treasury securities, money market accounts, and fixed annuities) which are considered the safest investments you can own. Bank savings accounts and CDs are typically FDIC-insured. Treasury securities are government-backed notes.
What is the safest investment for seniors?
Treasury Securities
Treasury notes pay back in two to ten years, while Treasury bonds take 20 or 30 years to mature. Treasury securities have a reputation as the ultimate safe haven for funds. Treasury securities typically have a low interest rate, comparable to that of a money market account (or sometimes even lower).
Is NSC or SCSS better?
By investing in NSC, you will be able to double your money in 10.58 years. Senior citizens savings scheme (SCSS): SCSS is offering an interest rate of 7.4%. … So, if you want to double your money sooner, you need to invest in an instrument which is giving a higher rate of interest.
What are the top 5 mutual funds?
Top 5 Biggest Mutual Funds
- Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX)
- Fidelity 500 Index Fund (FXAIX)
- Vanguard Institutional Index Mutual Fund (VINIX)
- Fidelity Government Cash Reserves (FDRXX)
- Vanguard Federal Money Market Fund (VMFXX)
What is the best value mutual fund?
Here are the best Large Value funds
- Bridge Builder Large Cap Value Fund.
- T. Rowe Price Value Fund.
- Vanguard Windsor™ II Fund.
- Applied Finance Select Fund.
- Columbia Dividend Income Fund.
- Cambiar Opportunity Portfolio.
- Fidelity® Growth & Income Portfolio.
Which is the best mutual fund to invest for 5 years?
The table below shows the best equity funds:
| Mutual fund | 5 Yr. Returns | Min. Investment |
|---|---|---|
| ICICI Prudential Technology Fund | 28.11% | ?5000 |
| Aditya Birla Sun Life Digital India Fund – Growth-Direct Plan | 28.78% | ?1000 |
| Mirae Asset Healthcare Fund Regular Growth | — | — |
| Aditya Birla Sun Life Digital India Fund Growth | 27.58% | — |