Aditya Birla Sun Life Mutual Fund launches ABSL Retirement Fun

Aditya Birla Sun Life Mutual Fund has launched Aditya Birla Sun Life Retirement Fund, an open-ended retirement solution-oriented scheme. The fund has a lock-in period of minimum five years or till retirement age, whichever is earlier. The fund will help investors to plan their retirement based on their age and risk profile with four asset allocation plans.

“Aditya Birla Sun Life Retirement Fund provides investors 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,” said A Balasubramanian, CEO, Aditya Birla Sun Life AMC.

The fund offers four investment options based on various age groups: 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%. Moreover, there is a 50s Plus debt plan for those nearing retirement age, which invests up to 100% in debt and money market instruments.

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