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Tata Mutual Fund's Retirement Savings Fund: Only for long-term investors
Investors who don't want to be bothered by asset allocation and rebalancing of portfolio as they grow older could look at schemes like the recently-launched Tata Mutual Fund's Retirement Savings Fund. However, they should remember that the benefits would accrue only if they stay invested for a long period, say 10-15 years. In fact, even the fund house wants to discourage mid-way exit and has imposed
Investors who don't want to be bothered by asset allocation and rebalancing of portfolio as they grow older could look at schemes like the recently-launched Tata Mutual Fund's Retirement Savings Fund. However, they should remember that the benefits would accrue only if they stay invested for a long period, say 10-15 years. In fact, even the fund house wants to discourage mid-way exit and has imposed
Lower returns but tax benefits for HNIs
In the last one month, some of the fund houses have launched capital protection schemes targeting fixed deposit investors. These schemes propose to invest 85 per cent of the corpus in debt and the
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