Our Bureau Aditya Birla Sun Life AMC has launched Aditya Birla Sun Life Retirement Fund, an open-ended retirement solution-oriented scheme. The fund has a lock-in period of a minimum five years or till retirement age, whichever is earlier. The NFO will remain open between February 19 and March 5.

The fund helps investors plan their retirement with four asset allocation plans to suit various age groups and different risk profiles of an individual. This is a solution-oriented scheme and will help an investor plan his retirement smoothly, through the various phases of financial planning.

A Balasubramanian, CEO, Aditya Birla Sun Life AMC, said the scheme provides investors with a solution to plan their retirement from as early as their 30s to factor in the rising cost of living. The fund offers four investment options designed according to suitability of various age groups and includes — the 30s plan with 80-100 per cent of the corpus invested in equity and equity-related instruments and the remaining in debt and money market instruments.

The 40s plan has a flexible equity exposure between 65-80 per cent and the 50s plan has a flexible debt exposure in the range of 75-100 per cent.

In addition to these, there is a 50s-plus debt plan for those nearing retirement age, which invests up to 100 per cent in debt and money market instruments.

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