Top Solution Oriented Funds – Children’s Funds and Retirement Funds

Solution Oriented Funds are those mutual funds which target a specific purpose such as an investment for children or retirement. These funds maintain a portfolio with a mix of equity stocks and bonds in order to provide a better return with balanced risk. This post lists the top solution oriented funds in two categories – Children’s Funds and Retirement Funds – based on their Asset Under Management (AUM).

Top Solution Oriented Funds

Top Solution Oriented Funds

Children’s Fund

These mutual funds have a lock-in period of 5 years or till the child attains the age of majority or whichever is earlier). These funds invest in equity stocks and bonds.

Top Children’s Funds
#1. UTI Children’s Career Fund – Savings Plan

Crisil Rank: Not Ranked

AUM: Rs 3,697.95 Crores

#2. HDFC Children’s Gift Fund – Investment Plan

Crisil Rank: Not Ranked

AUM: Rs 2,208.92 Crores

#3. ICICI Prudential Child Care Fund (Gift Plan)

Crisil Rank: 3

AUM: Rs 541.01 Crores

#4. Invesco India Equity & Bond Fund

Crisil Rank: Not Ranked

AUM: Rs 330.74 Crores

#5. Axis Children’s Gift Fund

Crisil Rank: Not Ranked

AUM: Rs 285.50 Crores

Retirement Funds

These mutual funds have a lock-in period of 5 years or till the age of retirement or whichever is earlier. These funds  invest in both stocks and bonds

Top Retirement Fund
#1. UTI Retirement Benefit Pension

Crisil Rank: Not Ranked

AUM: Rs 2,587.79 Crores

#2. Reliance Retirement Fund – Wealth Creation Scheme

Crisil Rank: Not Ranked

AUM: Rs 1,305.21 Crores

#3. Tata Retirement Savings Fund – Moderate Plan

Crisil Rank: Not Ranked

AUM: Rs 764.83 Crores

#4. Tata Retirement Savings Fund – Progressive Plan

Crisil Rank: Not Ranked

AUM: Rs 467.07 Crores

#5. Franklin India Pension Plan

Crisil Rank: Not Ranked

AUM: Rs 404.92 Crores

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Disclaimer: This post does not give any advice or recommendation. Mutual Fund investments are subject to market risk. Please read all the related documents carefully before investing. It is also advised to consult your financial advisor for necessary suggestions. 

Tags: #mutual funds #investments #Children’s funds #Tax Saving #Retirement fund

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