Retirement mutual funds are a sort of mutual funds that are meant to offer steady growth as well as steady income after the retirement of an individual. These mutual funds also offer tax savings as well. Some of the well known retirement mutual funds are as follows:
HDFC Standard Life Pension Super Fund
This one is a linked fund that is meant to offer steady income after the retirement thereby allowing people to live their lives to the fullest even after their retirement. Apart from this, this retirement mutual fund offers excellent investment opportunity as well.
SBI Retirement Mutual Funds
SBI or State Bank of India has also come up with its own retirement mutual funds that is all set to offer excellent investment options as well as income schemes. Every retirement funds of SBI features CapAssure Superannuation Scheme, Group Immediate Annuity plan, SBI Life Golden Gratuity Plans and CapAssure Leave Encashment Scheme.
LIC Jeevan Nidhi
This is yet another retirement mutual fund launched by Life Insurance Corporation of India. The unique feature of this plan is that one can commence pension at the early age of forty years. The income from this investment and the premiums are fully exempted from the Indian Income Tax Act.
Templeton India Pension Mutual Fund
This one is from the famous retirement mutual fund brand that has delivered the best services to its customers for many years. This is one such investment schemes that have been appreciated by the central government as well. The firm is known to invest in high quality equities and debt instruments in order to ensure relative stability of ones investment.