All the Best Schemes of IDFC Mutual Fund You Need to Know About

IDFC Mutual Fund is a prominent mutual fund asset management company in India which was established in the year 2000. Since then, it has provided an innovative solution to the investors by launching various schemes in different categories. It has AUM of nearly Rs 65,000 crore which is constantly increasing as the AMC has gained the trust of the investors over the years. The experts at MySIPonline have prepared a list of the best-performing schemes. The following schemes of IDFC Mutual Fund have been the most impressive in recent years and can be chosen for new investment as well.

IDFC Bond Fund - Income Plan

This is a medium to long duration debt scheme which is among the top performers in the category. It has delivered better returns than peers and index many times in the past. It invests in the securities with a medium as well as long term maturity but due the recent rate cuts by RBI, the securities with long term maturity have been highly chosen. The average maturity tenure of the securities chosen is 8.29 years while the yield to maturity is 8.12%. The fund is an ideal choice for investors who seek to invest in fixed income securities for more than 3 years.

IDFC Low Duration Fund 

It falls in the category of low duration fund which can be used as an investment platform for short term savings. The fund invests in the securities which have maturity tenure of 6 to 12 months. The maturity tenure of the securities cannot exceed the set limits. It has delivered much better returns than the peers and benchmark. IDFC Low Duration Fund can also be used as an alternative to bank deposits for the short term. Investors can expect 8% annual returns under normal conditions.

IDFC Banking & PSU Debt Fund 

It is a consistent fund that can only invest in the bonds and debentures of the companies which have their business in the banking and financial sector. It selects securities with high credit ratings but the rate sensitivity is also high as the interest rates can be changed. The fund invests in securities with medium-term maturity with an average tenure of 3.6 years. It has generated 8.7% returns in the last one year. The fund is suitable for conservative investors who want to invest in banking securities.

IDFC Tax Advantage Fund 

It is an ELSS fund which invests 100% of the corpus in equity instruments to allow the investors to earn long term gains along with tax benefits. It can reduce tax liability by Rs 46,800 every financial year. The fund possesses high risk as nearly 50% of the investment is done in the high-risk stocks which can deliver high returns in the long term. The long term gains of the fund are better than the benchmark and category average. The fund has a lock-in period of 3 years but investments must be done for more than 5 years for better returns.

The above-mentioned schemes are the top performers in the current market conditions and can be chosen according to the suitability of the investors. To know which scheme can be most suitable for you, connect with the experts at MySIPonline. Download our official app for the Android and IOS devices from the link below.

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Reliance Retirement Fund- Tax-Efficient Retirement Planning for a Better Future

Reliance Mutual Fund came up with Reliance Retirement Fund in 2015 to assist the retirees in the most efficient manner. The fund is divided into 2 parts namely wealth creation plan and income generation plan. Reliance Retirement Fund - Wealth Creation Plan follows a multi-cap investment strategy by selecting stocks throughout the top 500 stocks on the Indian stock exchange. The investments made in this scheme gets automatically transferred to the income generation plan when the investors reach the age of retirement. Another attraction of the scheme is that it comes under the umbrella of Section 80C and can reduce the tax liability by up to Rs 46,800*. Read to get more details of the fund as the experts at MySIPonline have provided details of the scheme to assist the investors.

Salient Features of Reliance Retirement Fund

1. The wealth creation plan of Reliance Retirement Fund is an equity oriented scheme and invests predominantly in large-cap stocks with minor allocation in small and mid-cap stocks. 
2. The Income Generation Plan is a debt oriented hybrid scheme which aims for conservative growth of the accumulated capital. 
3. Switching between both the scheme can be done manually or automatically and is free of cost.
4. It has a lock-in period of 5 years but switching can be done during this tenure. 
5. Various facilities regarding investment are available like auto transfer facility, step up SIP, and SWP option for periodic withdrawal. 
6. The fund aims to grab the power of compounding through equity tools to gain more capital for the post-retirement era. 
7. It is one of the rare funds who aim specifically for retirement planning while reducing the tax liability. 

Investment Strategy

The investments for the fund are handled by Ms Sohini Andani who also manages many other top performing schemes at Reliance Mutual Fund. She uses the fundamental top-down investment strategy to select the quality stocks and invests in growth-oriented style. The stocks are selected with a long term perspective to assist the retirees. Reliance Retirement Fund - Wealth Creation has a low-risk portfolio and is suitable for investors with moderate risk appetite.

Why to Choose?

Retirement planning is the most important concern of one’s lifestyle and the majority of the individuals are dependent on some of the other source for financial assistance after retirement. Most of the retirement planning platforms provide much lesser returns and also incurs unwanted tax implications. Reliance Retirement Fund - Wealth Creation provides much better gains than any other traditional retirement planning tools like PPF, EPF, etc. It is a recently launched fund which is yet to complete 5 years but can be trusted for important goals like retirement planning.

The fund has a low-risk portfolio hence the risk is moderately low for an equity scheme. Investors should start investing in this scheme at an early stage to enjoy the benefit of compounding. Investors must check their suitability before investing as the fund has a lock-in period of 5 years and charges exit load of 1% until the investor turns to the age of 60 or retires, whichever first. To start investing today, connect our financial experts for suggestions and download our android and IOS app to become a successful investor today.

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