What Good is it to Invest in TATA Retirement Savings Fund?
If you are planning for your retirement, then investing in TATA Retirement Savings Fund shall be your first priority. It is an ace fund in the category of midcap mutual funds, and serves as one of the best options to create an adhesive retirement plan. An important part of the proud pedigree of the supreme asset management company TATA Mutual Fund, this fund is a powerhouse of wealth building and growth.
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What is the Objective of TATA Retirement Savings Fund - Progressive Plan?
Until you are young and are within the age limit to work officially for an organisation, the worries of tomorrow never tend to bother. But with age, they start knocking on the door and infest your lives with tension and chaos. Hence, to avoid such dreary situations it is important to plan well in advance. Thus, TATA MF introduced TATA Retirement Savings Fund - Progressive Plan with the objective that the people may get a chance to plan their future in a disciplined manner. By doing so, the investors would be able to focus more in their present and perform better at their jobs, since their future worries have been insured with TATA Retirement Fund.
What Makes TATA Retirement Savings Fund Better than Other Options?
When you are spending money, regardless of how big or small that amount is, you have the full right to know the reasons for which you paying. As far as investing in TATA Retirement Savings Fund G is concerned, there is not one but many reasons that will compel you to make an investment in this fund. Let’s see what makes this fund better than the others.
- Enjoys Best Ratings from CRISIL
Earning a good rating from CRISIL is a very tough challenge to beat. Not only does the fund need to be good in performance, but shall also showcase versatility in its suitability towards different kinds of investors. TATA Retirement Savings Fund (G), being a multicap fund assorted with varied stocks, is suitable for both the aggressive and conservative class of investors. Since the portfolio of the fund isn’t entirely weighted on a single category, it encompasses a wider scope of nourishing the needs of a dense population. Hence, due to its exceptional servility towards a large set of audience, CRISIL awarded this fund its rare ranking – a five star badge glinting on the label of the fund.
- Diverse Portfolio
It is a multicap fund by nature. Which means that the fund encompasses a variety of different stocks that help in building a comprehensive portfolio ready for all market conditions. The presence of high energy small cap and mid-cap stocks allow momentum to flow into the portfolio, and the large and giant cap stocks provide the much needed cover. This in turn fuels the fund to give its best shot no matter what the market environment has reduced to.
- High Rewards
The primary reason for which a person makes an investment is returns. If the fund isn’t paying well, then everything else become secondary, no matter how well the fund has been designed or how beneficial it can be in the future. Thankfully, the rewards reaped by TATA Retirement Fund are appealing which makes it a good deal from every aspect. The fund spewed returns worth 19.74% in the last five years, a figure that stands tall in front of the benchmark (NIFTY 50 Total Return) and the peers. Further, a study has revealed that if the market stays positive for a while, then the fund may easily cross 25-30% and may produce the best results in the mid-cap category that the market has ever seen.
- Spectacular Growth Potential
Investing in the fund means putting your money on steroids. In the last 18 months, the fund has climbed really fast in its growth rate and has beaten the benchmark, thus setting new records and milestones for other to conquer. The growth graph depicts that a monthly SIP investment of Rs. 1000 made in this fund has yielded 29.30% value over and above the principal investment. Hence, it is the most apt fund for you to begin planning your retirement in and progressive and healthy manner.
How to Plan Retirement with TATA Retirement Savings Fund Progressive Plan?
If you want to make an infallible and lucrative plan for securing your retirement, thenThis Fund is of course one of the best choices you have. You can start your investment instantly with the unmatchable services of MySIPonline. However, before you put the pedal on the medal, take hold of the following information that will come in very handy while investing in the fund: -
- The NAV
The NAV is the cost to be incurred for buying a unit in the fund. Tata Retirement Savings Fund Progressive Plan was last listed at Rs. 28.97 on 19th June, 2018, after experiencing a decline in the value to the tune of 0.50% in its value. Since the fund is running cheaper than before, now may be a good time to invest in it.
- The Investment Route
The best way to invest in this fund is to initiate an SIP plan via MySIPonline. By doing so, you’ll enjoy two benefits in a single stroke; one, you need not invest all you budget at once and can comfortably spread it across your investment horizon; second, you will not be asked for a single penny by MySIPonline for the services that it provides. All in all, it’s a win-win situation for you and a deal of a lifetime which you can’t afford to miss.
- The Caution
It has a strict policy regarding the early redemption, and imposes 1% penalty on any redemption made before the investor attains the age of 60 years. This is done to promote long-term investment so that the investors are able to capture the benefit of the entire growth cycle, and accelerate towards achieving their retirement objectives.