Retirement Planning is an important financial goal which every working individual should start early in his career. With increase in life expectancy due to advancement in medical sciences and better nutrition and living standards, a significant fund is required at retirement to last long. Hence, the early an individual starts investing for his retirement, the more years he gets to save and lesser to spend.
Mutual Funds are ideal investments for retirement planning as they are low cost, offer tax free(Equity Funds) or tax efficient(Debt Funds) returns, transparency and liquidity.
Listed here are best mutual funds for Retirement Planning. These Funds have been selected on the basis of the nature of their investments and consistent performance.An investor should invest in the funds that are suitable for his own age.
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mentioning your investment needs.
Important Note : The minimum investment required in a fund is Rs.1000/- per month only.