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Recent surveys across 28 cities show that (1) 90% of investors above 50 yrs regret not starting earlier to save for retirement (2)One in three Indians believe their savings will get exhausted within 5 years of retirement and (3) One in four don’t even know where to begin. This points to the huge opportunity that MFDs have in front of them – to reach out to more savers and help them get started with retirement savings plans.
Bandhan MF has launched its Retirement Fund with a BAF-style dynamic asset allocation model. The fund is positioned as a one-stop comprehensive retirement solution that can be used as a retirement savings as well as retirement income product. Investors can set up SIPs as well as future SWPs with their initial investment, thus giving them full visibility of outcomes from the plan they are commencing.
Asset allocation model takes into account valuations, fundamental as well as technical factors. Equity portion will be managed bottom-up with a flexicap mandate while the debt portion will consist of high quality credits with longer durations, giving the long term nature of the product.
Absolutely true
For sep best fund
The dynamic combination offering SWPs in the distribution stage is a very welcome one. The industry needs to lobby the government to provide Sec.80C benefits to the Retirement Solutions
