MySIPonline Helps in Securing Second Innings With TATA Retirement Savings Fund

A happy retirement is one thing which is dreamed by many but achieved by some. But not anymore, as TATA Retirement Savings Fund is all set to help the investors in planning their retirement.
 
JAIPUR, India - May 10, 2019 - PRLog -- MySIPonline, the leading online investment platform in India is helping thousands of Indians in planning their retirement with TATA Retirement Savings Fund. According to a report, 7 out of 10 Indians don't plan for their second innings of life and stay dependent on their children. In such scenario, retirement plans like this will surely change the numbers.

Mr. Virendra Ranawat, the CEO of MySIPonline believes that the younger generation generally overlook the idea of 'Retirement Savings' and the older ones are still fidgeting with the Fixed Deposits. The company joined hands with TATA Mutual Funds for providing the best retirement savings fund to the investors. The mutual fund contains three plans- conservative, moderate, and progressive according to the age group and risk appetite of the individuals.

Each of the plans allocates different percentage of assets in the debt and equities. A senior market researcher of MySIPonline explains that in the progressive plan, the fund allocates 85-100% of the assets in the equities, 0-15% of the corpus in the debt instruments and the rest in other asset classes, which makes it more suitable for the high risk takers. The moderate plan invests 65-85% of assets in equities, 15-35% in the debt instruments. Furthermore, the conservative plan is designed for the low risk takers as it parks 0-30% of the assets in the equity market and 70-100% of the money is planted in the debt instruments.

TATA Retirement Savings Fund works on the philosophy of 'Something For All' and these different plans are the result of this investment strategy. Moreover, the mutual fund provides a unique facility of 'Autoswitch' that saves the investor from the hassle process of switching from one plan to another at different age groups. In simple terms, when an investor will attain the age of 45 years, there will be a switch from progressive plan to the moderate one automatically. Also, the next switch from moderate to conservative plan will happen at the age group of 60 years.

That's not all, to further make sure that the investor receive regular cash inflow, the scheme provides a facility of Auto-SWP. After the attainment of age 60, the investor can wish to receive 0.5% of the invested amount monthly, 1.5% of the amount quarterly, or can also wish to receive multiple amount of Rs. 500 with Rs. 500 being the minimum amount.

The financial experts of MySIPonline reckons that TATA Retirement Savings Fund is a one-stop solution for retirement worries. The scheme comes in different investment plans and let's not forget about the different facilities that the mutual fund provide to the investors.

MySIPonline, the investment platforms is playing a vital role in creating an awareness regarding the retirement savings through several blogs and write-ups. The company provides SIP mode of investment as well other than the Lumpsum mode of investment for further helping the investors in avoiding the risk tag attached to the mutual fund market. Also, the SIP Calculator and Lumpsum Calculator further aids the investors in planning their investment journey.

Visit https://www.mysiponline.com/mutual-fund/tata-retirement-s... for more details
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