Solution Oriented Mutual Funds

Solution Oriented Mutual Funds

Solution-Oriented Funds are special mutual funds created to help you reach specific goals, such as retirement savings or your child’s education. These funds are unique and come with clear objectives and strategies.

The table below shows the Solution Oriented Mutual Funds based on AUM, NAV, and minimum SIP. 

NameAUMNAVMinimum SIP
HDFC Retirement Savings Fund-Equity Plan3655.9842.255000.00
Nippon India Retirement Fund-Wealth Creation2604.9423.715000.00
Tata Retirement Sav Fund – Mod Plan1766.4057.79100.00
SBI Retirement Benefit Fund-Aggressive Plan1719.1716.831000.00
Tata Retirement Sav Fund – Prog Plan1491.7858.58150.00
SBI Magnum Children’s Benefit Fund-Investment Plan1180.6430.645000.00
HDFC Retirement Savings Fund-Hybrid-Equity Plan1138.7934.085000.00
SBI Retirement Benefit Fund-Aggressive Hybrid Plan1108.1715.821000.00
ICICI Pru Child Care Fund-Gift Plan994.71251.79500.00
Aditya Birla SL Bal Bhavishya Yojna802.3517.06100.00

Solution-oriented retirement funds tend to allocate a significant portion of their portfolio to high-risk stocks. This strategic choice is made because the primary goal of these funds is to build a substantial corpus for retirement. However, it’s important to note that these funds typically come with longer lock-in periods than other investment options due to their long-term nature.

Contents:

Solution Oriented Funds

The table below shows Solution Oriented Funds based on lowest to highest expense ratio. 

NameExpense Ratio
Union Retirement Fund0.54
Tata Retirement Sav Fund – Prog Plan0.62
Aditya Birla SL Retirement Fund-500.62
Tata Retirement Sav Fund – Mod Plan0.65
Aditya Birla SL Bal Bhavishya Yojna0.67
Axis Retirement Savings Fund-Conservative Plan0.70
HDFC Retirement Savings Fund-Equity Plan0.74
SBI Magnum Children’s Benefit Fund-Savings Plan0.81
Aditya Birla SL Retirement Fund-50 Plus-Debt Plan0.85
SBI Retirement Benefit Fund-Aggressive Plan0.86

Solution Oriented Mutual Funds

The table below shows Solution Oriented Mutual Funds In India based on Highest 3Y CAGR. 

NameCAGR 3Y
HDFC Retirement Savings Fund-Equity Plan31.58
ICICI Pru Retirement Fund-Pure Equity Plan30.94
Nippon India Retirement Fund-Wealth Creation24.88
Tata Young Citizen Fund24.03
HDFC Retirement Savings Fund-Hybrid-Equity Plan22.47
ICICI Pru Retirement Fund-Hybrid Aggressive Plan21.68
ICICI Pru Child Care Fund-Gift Plan19.62
Tata Retirement Sav Fund – Prog Plan17.96
Tata Retirement Sav Fund – Mod Plan16.92
LIC MF Children’s Gift Fund15.77

Solution Oriented Funds

The table below shows Solution Oriented Funds based on Highest Absolute Return in 1 Year.

NameAbsolute Returns – 1Y
HDFC Retirement Savings Fund-Equity Plan24.68
SBI Magnum Children’s Benefit Fund-Investment Plan24.30
HDFC Retirement Savings Fund-Hybrid-Equity Plan20.10
ICICI Pru Retirement Fund-Pure Equity Plan19.84
Tata Young Citizen Fund19.54
Nippon India Retirement Fund-Wealth Creation18.73
ICICI Pru Retirement Fund-Hybrid Aggressive Plan17.53
SBI Retirement Benefit Fund-Aggressive Plan17.48
Tata Retirement Sav Fund – Prog Plan16.80
Tata Retirement Sav Fund – Mod Plan16.12

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Solution Oriented Mutual Funds – FAQs  

What are the Best Solution Oriented Mutual Funds?

Best Solution Oriented Mutual Funds #1: HDFC Retirement Savings Fund-Equity Plan

Best Solution Oriented Mutual Funds #2: SBI Magnum Children’s Benefit Fund-Investment Plan

Best Solution Oriented Mutual Funds #3: HDFC Retirement Savings Fund-Hybrid-Equity Plan

Best Solution Oriented Mutual Funds #4: ICICI Pru Retirement Fund-Pure Equity Plan

Best Solution Oriented Mutual Funds #5: Tata Young Citizen Fund

These funds are listed based on Highest AUM.

Are solution oriented funds good?

Solution-oriented funds cater to specific goals like retirement or education, aligning investments accordingly. They balance risk with diversified approaches, blending equity and debt. Assess suitability based on individual needs and circumstances.

What is a solution oriented mutual fund?

Solution-oriented mutual funds in India are tailored for specific goals like retirement and education. They feature a lock-in period aligned with the goal, employing diverse asset allocations for long-term returns and risk management.

What are the top Solution Oriented Mutual Funds?

Best Solution Oriented Mutual Funds #1:HDFC Retirement Savings Fund-Equity Plan

Best Solution Oriented Mutual Funds #2:ICICI Pru Retirement Fund-Pure Equity Plan

Best Solution Oriented Mutual Funds #3:Nippon India Retirement Fund-Wealth Creation

Best Solution Oriented Mutual Funds #4:Tata Young Citizen Fund

Best Solution Oriented Mutual Funds #5:HDFC Retirement Savings Fund-Hybrid-Equity Plan

These funds are listed based on Highest CAGR of last 3 years.

Introduction to Solution Oriented Mutual Funds

Solution Oriented Mutual Funds – AUM, NAV

HDFC Retirement Savings Fund-Equity Plan

The HDFC Retirement Savings Fund – Hybrid Equity Plan Direct-Growth, offered by HDFC Mutual Fund, is a retirement-focused mutual fund scheme that has been operational for 7 years and 7 months. Currently, it manages assets totaling ₹ 3655.98 Crores.

Nippon India Retirement Fund-Wealth Creation

The Nippon India Retirement Fund – Wealth Creation Scheme Direct-Growth is a mutual fund scheme designed for retirement planning, offered by Nippon India Mutual Fund. This fund has a track record of 8 years and 7 months since its inception. Currently, it manages assets totaling ₹2604.94 Crores.

Tata Retirement Sav Fund – Mod Plan

The Tata Retirement Savings Fund Moderate Plan Direct-Growth, a retirement-focused mutual fund scheme by Tata Mutual Fund, has an impressive track record of 10 years and 8 months since its inception. It currently manages assets amounting to ₹1766.40 Crores.

Solution Oriented Funds – Expense Ratio

Union Retirement Fund

The fund’s equity portion is predominantly invested in sectors such as Financials, Automobiles, Capital Goods, Technology, and Services. Notably, it has chosen to allocate a lower proportion of its assets to the Financial and Automobile sectors compared to other funds in the same category. Additionally, the fund maintains a relatively low expense ratio of 0.54%.

Tata Retirement Sav Fund – Prog Plan

The Tata Retirement Savings Fund Progressive Plan Direct-Growth scheme exhibits a performance track record that aligns with the majority of funds in its category regarding return consistency. However, it demonstrates below-average ability in managing losses during a declining market. Additionally, the scheme comes with an expense ratio of 0.62%.

Aditya Birla SL Retirement Fund-50

The Aditya Birla Sun Life Retirement Fund is an open-ended retirement solution-oriented scheme that comes with a lock-in period of 5 years or until the investor reaches their retirement age, whichever comes earlier. The primary investment objective of this scheme is to generate income and facilitate capital appreciation for its investors. These goals are designed to align with the investors’ retirement objectives.  Additionally, the scheme comes with an expense ratio of 0.62%.

Solution Oriented Mutual Funds – 3Y CAGR

ICICI Pru Retirement Fund-Pure Equity Plan

The ICICI Prudential Retirement Fund – Pure Equity Plan Direct – Growth is a mutual fund scheme designed for retirement solutions and is offered by ICICI Prudential Mutual Fund. This fund has been operational for a duration of 4 years and 7 months, and it has demonstrated an impressive Compound Annual Growth Rate (CAGR) of 30.94%.

Tata Young Citizen Fund

The Tata Young Citizens’ Fund is an open-ended balanced scheme specially designed for children aged between 3 months and 18 years. This scheme is aimed at assisting parents, guardians, and well-wishers in saving for the future needs of growing children. It is notable that the fund has achieved an impressive Compound Annual Growth Rate (CAGR) of 24.03%.

HDFC Retirement Savings Fund-Hybrid-Equity Plan

The objective of the scheme is to achieve long-term capital appreciation and income by investing in a combination of equity and debt instruments. This approach is intended to assist investors in achieving their retirement goals. The scheme has delivered a Compound Annual Growth Rate (CAGR) of 22.47%, indicating its potential to generate consistent returns over time.

Solution Oriented Funds – Absolute Return 1 Year

SBI Magnum Children’s Benefit Fund-Investment Plan

The SBI Magnum Children’s Benefit Fund – Investment Plan Direct – Growth is a mutual fund scheme designed for children’s financial needs and is offered by SBI Mutual Fund. This fund has been operational for 3 years, and its returns for the last 1 year have been 24.30%.

ICICI Pru Retirement Fund-Hybrid Aggressive Plan

The scheme primarily focuses on investing in equity and equity-related securities with the goal of generating capital appreciation. Additionally, it has the flexibility to invest in other asset classes such as debt, gold, gold ETFs, units of REITs, and InvITs, among others, as per the regulations, to generate income and create wealth. Over the past year, the scheme has delivered an absolute return of 17.53%.

SBI Retirement Benefit Fund-Aggressive Plan

The majority of the fund’s assets are invested in sectors such as Financials, Capital Goods, Automobiles, Technology, and Services. It’s noteworthy that the fund has chosen to allocate a smaller portion of its assets to the Financial and Capital Goods sectors compared to other funds in the same category. Additionally, the fund has delivered an impressive absolute return of 17.48% over the past year.

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Disclaimer: The above article is written for educational purposes, and the company’s data mentioned in the article may change over time.

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