Tata MF Launch Retirement Saving Plan

Jayesh Sherasiya

Saving Plan
Tata Asset Management Company (AMC) to bring its retirement Savings Fund this week. An aim of the plan is to meet the investment need of investors in different age brackets.

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AMC came up with Family Solution schemes to help investors plan their life goals. Including this schemes: Retirement Childs future Wealth building

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Sanjay Sachdev, President & CEO of Tata AMC said With increasing life expectancy, the challenge is to maintain the same life style, post retirement.

Three Option
Progressive plan Moderate plan Conservative plan

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The progressive plan is for investors below 45 year of age with 85-100 % of fund allocation in the equity assets. Once the investor turns 45he/she would be automatically switched to the moderate plan, where the equity allocation will down to 65-85%.

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At the age of 60 investors will be shifted the conservative plan where fund allocation is 100%. Withdrawal option: Monthly withdrawal Quarterly withdrawal