Retirement fund is giving up to 22.78% annual return, how much will you get after 20 years from 10 thousand monthly SIP

Returns in Retirement Mutual Funds : Retirement mutual funds can help you achieve all your targets in retirement planning. Many mutual fund houses in the country are offering different schemes keeping retirement in mind, which are named retirement funds. Most of the schemes running in the name of retirement funds are 5 to 11 years old. But if we look at their returns, then it seems to be a better option for investment in retirement planning. These work like other mutual fund schemes, in which there is a facility to invest both in lump sum and SIP.

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Features of retirement funds

Retirement funds are also mutual fund schemes, which offer more flexibility than traditional pension plans. There is no limit on partial or full withdrawal at any time. If you wish, you can withdraw your investment at any time and switch to another mutual fund.

Some retirement funds qualify as notified pension funds recognised by the central government. By investing in these funds, you can claim a deduction of up to Rs 1.5 lakh under section 80C of the Income Tax Act. This exemption is not available in the new tax regime.

This scheme will give 12 lakh rupees interest on maturity, SCSS scheme is great for your parents, also provides facility of regular income

Will you give enough corpus on retirement

We have calculated the returns of the oldest retirement funds available in the mutual fund market to see whether they have the ability to give you a sufficient corpus on retirement or not. For this, we have selected 4 schemes in which the data of SIP returns for the longest period is available.

HDFC Retirement Savings Fund Equity Plan

Annualized SIP return in 8 years: 22.78%
Monthly SIP: Rs 10,000
Total investment in 11 years: Rs 10,60,000
Value of SIP after 11 years: Rs 29,69,777

If similar returns are received for 20 years, then the value of SIP after 20 years will be Rs 4.8 crore.

Extend NPS by 5 years, monthly pension will increase by more than 50%, old age will be spent comfortably

Tata Retirement Savings Fund

Annualized return of SIP in 11 years: 18.09%
Monthly SIP: Rs 10,000
Total investment in 11 years: Rs 14,20,000
Value of SIP after 11 years: Rs 44,20,360

If similar returns are received for 20 years, then the value of SIP after 20 years will be Rs 2.4 crore.

UTI Retirement Fund

Annualized return of SIP in 11 years: 11.63%
Monthly SIP: Rs 10,000
Total investment in 11 years: Rs 14,20,000
Value of SIP after 11 years: Rs 29,13,931

If similar returns are received for 20 years, then the value of SIP after 20 years will be Rs 95 lakh.

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Franklin India Pension Plan

Annualized return of SIP in 11 years: 10.64%
Monthly SIP: Rs 10,000
Total investment in 11 years: Rs 14,20,000
Value of SIP after 11 years: Rs 27,35,291

If similar returns are received for 20 years, then the value of SIP after 20 years will be Rs 83.3 lakh.

(source: value research)