Aditya Birla Sun Life AMC Limited, a subsidiary of Aditya Birla Capital Limited, and investment manager to Aditya Birla Sun Life Mutual Fund (“ABSLMF”), has launched the Aditya Birla Sun Life Retirement Fund. It is an open-
ended retirement solution oriented scheme for investors. The fund has a lock-in period of minimum five years or until retirement age, whichever is earlier.
The fund will help investors plan their retirement efficiently with a four asset allocation plan and looks into the age and risk factors of each individual. This is a solution oriented scheme and allows the investor plan his retirement with ease, through the various stages of financial planning.
Commenting on the launch, A. Balasubramanian, CEO, Aditya Birla Sun Life AMC,said: “Aditya Birla Sun Life Retirement Fund provides investors with an investment solution to plan their retirement from as early as in their 30s to factor in the rising cost of living. Efficient retirement planning is extremely important to manage future expenses and an investment option like this will help one spend the golden years of your life in peace.”
The fund offers four investment options designed keeping the needs of each age in mind and includes – The 30s plan with 80-100 % of the corpus invested in equity and equity related instruments and the rest in debt and money market instruments.
The 40s plan has a flexible equity exposure between 65-80% and the 50s plan has a flexible debt exposure in the range of 75-100%. In addition to these, there is a 50s Plus Debt Plan for those nearing retirement age, which invests up to 100% in debt and money market instruments.
The fund will be managed by Ajay Garg and Pranay Sinha and has no exit load.
