Anil Ambani-led Reliance Capital Asset Management Limited eyes about one million new investors for its Retirement fund, which was launched early this year. The fund has the existing investor base of about 50,000 against the overall investor base of 55 lakh for the Reliance Capital.

"We are looking to become the market leader with about 5,00,000 to 10,00,000 investors in our retirement fund over the next 3-5 years. The main differentiator with other funds is that this fund can invest up to 100 per cent in equity while it also provides tax-savings under section 80C," said Himanshu Vyapak deputy CEO, Reliance Capital Asset Management Ltd.

While sharing the findings of an online - ‘Retirement Survey’ conducted in association with IMRB International, Vyapak, mentioned that Gujarat has the highest number of people under the age of 40 that are investing in the pension products. "Against the national average of 62 per cent people of under-40 age investing in pension funds, Gujarat has this share at 71 per cent. This is the highest in the country," said Vyapak here.

He emphasised on investing the retirement assets into equities. "At the younger age, one can take higher risk to invest retirement assets into equities. Out of the Rs 15 lakh crore worth of retirement assets including EPFO, PFs, superannuation & gratuity funds, NPS etc, over 90 per cent are invested in fixed income options, which give about 7 per cent interest," he said.

According to him a mix of equity and debt instruments depending on the risk profile can provide better returns than a fixed income options.

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