Solution Oriented Funds are those mutual funds which target a specific purpose such as an investment for children or retirement. These funds maintain a portfolio with a mix of equity stocks and bonds in order to provide a better return with balanced risk. This post lists the top solution oriented funds in two categories – Children’s Funds and Retirement Funds – based on their Asset Under Management (AUM).
Top Solution Oriented Funds
Children’s Fund
These mutual funds have a lock-in period of 5 years or till the child attains the age of majority or whichever is earlier). These funds invest in equity stocks and bonds.
Top Children’s Funds
#1. UTI Children’s Career Fund – Savings Plan
Crisil Rank: Not Ranked
AUM: Rs 3,697.95 Crores
#2. HDFC Children’s Gift Fund – Investment Plan
Crisil Rank: Not Ranked
AUM: Rs 2,208.92 Crores
#3. ICICI Prudential Child Care Fund (Gift Plan)
Crisil Rank: 3
AUM: Rs 541.01 Crores
#4. Invesco India Equity & Bond Fund
Crisil Rank: Not Ranked
AUM: Rs 330.74 Crores
#5. Axis Children’s Gift Fund
Crisil Rank: Not Ranked
AUM: Rs 285.50 Crores
Retirement Funds
These mutual funds have a lock-in period of 5 years or till the age of retirement or whichever is earlier. These funds invest in both stocks and bonds
Top Retirement Fund
#1. UTI Retirement Benefit Pension
Crisil Rank: Not Ranked
AUM: Rs 2,587.79 Crores
#2. Reliance Retirement Fund – Wealth Creation Scheme
Crisil Rank: Not Ranked
AUM: Rs 1,305.21 Crores
#3. Tata Retirement Savings Fund – Moderate Plan
Crisil Rank: Not Ranked
AUM: Rs 764.83 Crores
#4. Tata Retirement Savings Fund – Progressive Plan
Crisil Rank: Not Ranked
AUM: Rs 467.07 Crores
#5. Franklin India Pension Plan
Crisil Rank: Not Ranked
AUM: Rs 404.92 Crores
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Disclaimer: This post does not give any advice or recommendation. Mutual Fund investments are subject to market risk. Please read all the related documents carefully before investing. It is also advised to consult your financial advisor for necessary suggestions.
Tags: #mutual funds #investments #Children’s funds #Tax Saving #Retirement fund #solution oriented funds
