Planning For Your Future with Reliance Retirement Fund
- Archana Singh
- Feb 8, 2017
- 3 min read
Retirement is the beginning of a new era in every person’s life. The life after retirement is meant to be one of rest and enjoyment. Financial security can make everything better.
If some money is put away for after you give up working, you get to live in a comfortable way without having to depend on anybody. Start planning your retirement with Reliance Retirement Fund investment plan. It is a way to have monetary benefits after your prime earning years are over.
The Overview of Plans by Reliance
A retirement fund is a scheme or a business that pools money from various workers, which is later invested on their behalf. A person having shares in such a fund can generate income through it after retirement.
Reliance Retirement Fund investment plan is a part of Reliance Capital, one of the top financial companies in India. The first Indian mutual fund to cross Rs.1 trillion in assets was Reliance mutual fund.
Here are a few details regarding the two different funds available with Reliance
Name - Banks and automobile sectors Rated as moderately high
Top Holdings - Banks and automobile sectors
Risk - Rated as moderately high
Fund performance as on 30th dec 2016 - Rs.10.079
---------------------------------------------------------------------------------------------------------------------------
Name - Reliance Retirement Fund Income Generation Scheme
Top Holdings - Government and corporate bonds
Risk - Rated as moderately high
Fund performance as on 30th dec 2016 - Rs.11.6801
Why Buy In On Reliance Retirement Fund?
Saving money is an inherent characteristic of the Indian households. However, just saving is not prudent and a person needs to invest to keep the money flowing. Among other assets, holding shares in a mutual fund are also a practice recommended by the financial experts.
There is an objective to the Reliance Retirement Fund investment plan. They aim to provide capital appreciation and a means of consistent income to the investors. The fund managers invest the pool in a mix of securities consisting of stocks, bonds, fixed income ventures and equity related instruments.
You can read a Reliance retirement fund review on this link to understand more.
Benefits Of Investing With Reliance
The retirement funds by Reliance are open-ended; hence, they do not have a fixed maturity period
The Reliance retirement fund calculator is available on here and it is a great tool to start planning for retirement money
Employers can also make use of the Reliance funds to contribute for their employees’
Your money is invested by market experts and the money held in mutual funds can be deducted from the taxable income
You can invest in Reliance Retirement Fund investment plan online and there is a mobile application available for convenience
Eligibility
Indian adult citizens and non-resident Indians and Indian’s living abroad can invest in the schemes. An account for minors can also be created by their parents or legal guardians.
The Points to Consider Before Buying In
The lock-in period of the money is 5 years. There is 1% exit load charged by the fund for the investors who want to pull their money before 60 years of age. While the Reliance Retirement Fund Wealth Creation Scheme is oriented towards equities, the Income generation Scheme deals with debt and money market securities.
The returns are subject to the conditions of the market. Investing in a mutual fund is by no means a guarantee of profit. Use the Reliance retirement fund money control pages to get all the statistics; it can help in the decision. Reliance retirement fund SIP calculator is also available on those web pages.
Application and Documents
For investing in Reliance Retirement Fund investment plan, there are some formalities that need to be completed.
There is an application form available on the website which can be downloaded. Along with it, an applicant needs to submit copies of birth certificate, PAN card, SSC certificate and passport. These have to be presented at any one of the Designated Collection Banks like HDFC.
The minimum amount that can be invested Reliance Retirement Fund investment plans Rs.5000 as a lump sum at first. Later the investment can be increased in multiples of 500 as a part of Systematic Investment Plan (SIP).
Start Investing Today
A lot of people do not start considering retirement until there are only a few years left. This is a mistake as proper and timely retirement planning can be most beneficial for a happy retirement. You can use Reliance Retirement Fund investment plan to gain a better life after 60.
Comments