Now, Retire in Style
(An Open Ended Notified Tax Savings Cum Pension Scheme With No Assured Returns With A 5 Year Lock-In.)
- Tax Benefits: Investing in the Scheme shall be eligible for tax benefits U/s 80C of the Income-tax Act, 1961.
Monthly expenses of Rs.50,000/-today will grow to Rs.1,90,000/- ,
After 20 years at 7% inflation rate.
- About Fund
- Why Retirement Fund?
- Ideal for
- Why HDFC Mutual Fund?
- Application Process
- Application Forms
- Forms Submission Centre
Minimum Investment: Rs. 5,000 and any amount thereafter
Long term investment vehicle targeting retirement corpus for YOU!
Choice of 3 plans –Depending on age and risk profiles:
1] HDFC Retirement Savings Fund – Equity Plan
2] HDFC Retirement Savings Fund – Hybrid -Equity Plan
3] HDFC Retirement Savings Fund – Hybrid Debt Plan
This product is suitable for investors who are seeking*: a corpus to provide for pension in the form of income to the extent of the redemption value of their holding after the age of 60 years and investment predominantly in Plan
1] equity and equity related instruments (80% to 100%), debt and money market instruments (0% to 20%)
2] equity and equity related instruments (60% to 80%), & balance in debt and money market instruments (20% to 40%)
3] debt and money market instruments(70% to 95%), & balance in equity and equity related instruments (5% to 30%) ,
Risk Profile: equity and equity related instruments (Medium to High) , debt and money market instruments (Low to medium)
The Benchmark for Investment Plan(s) offered under the Scheme is as follows:
Equity Plan – Nifty 500 Index
Hybrid- Equity Plan – CRISIL Balanced Fund Index
Hybrid-Debt Plan – CRISIL MIP Blended Index
Investors understand that their principal will be at moderately high risk
Entry Load : Not Applicable
Exit Load (Upon completion of lock-in period of 5 years)
(i) Details of load structure is as follows: In respect of each purchase/switch-in of units offered under the respective Investment Plan(s):-
•An Exit Load of 1% is payable if Units are redeemed/switched out before completion of 60 years of age
•No Exit Load is payable if Units are redeemed /switched-out on or after attainment of 60 years of age.
(ii) No Exit Load shall be imposed for switching between Investment Plans and Plans/Options within the Investment Plans.
(iii) No Entry / Exit Load will be levied on Bonus Units.
Are you investing enough for your RETIREMENT?
“It’s not your fault if you were born poor. It’s definitely your fault if you die poor.”-Bill Gates
Retirement planning is perhaps one of the most important life-stage goals. Typically, individuals prepare during their 30 years of working age acquiring knowledge, skill and sufficient income in order to live a good life post-retirement. The post-retirement life is expected to be as long, with increase in life expectancy and hence it is important to plan and aim to accumulate a healthy retirement corpus that could ensure you have a happy & prosperous retirement life.
Typically, retirement planning involves two stages:
- 1.Accumulation phase – The phase when you build retirement assets so they grow in value
- 2.Distribution phase – The phase when you use retirement assets so you earn enough income
- Essentially, you build your assets in the first 30 years in order to enjoy the benefits in the next 30 years!
Now:………… Bye-bye Tension! Welcome Pension!
Phase 1: Earn and Accumulate
•Accumulate till 60 through: Lump sum and / or SIP
•Do not touch the retirement corpus till you actually retire
Phase 2: Distribute
•Withdraw post 60 through SWAP
‒Systematic Withdrawal Advantage Plan (SWAP)
‒Identify a reasonable standard of living and the monthly costs associatedto retirement
‒Create a monthly SWAP instruction for the said amount
Why depend on others? Create your own tax efficient Pension Scheme! Stay Financially Independent!
Retirement Planning is a necessity as:
- Your Parents Are Not Your Emergency Fund.
- Your Children Are Not Your Retirement Fund.
So, Build Your Own Wealth and Retire in Style! Approaching retirement without planning is like appearing for an exam without preparation and hoping to score good marks!
Failing to plan is planning to fail. –Alan Lakein
A] Need for Retirement Planning
- 1] Longer life-spans mean longer retirement
- Better living conditions and medicines have meant that people are living longer.
- This means that as people live longer, retirement life has gotten longer.
- Planning your retirement corpus thus requires you to factor in how long you are going to live.
- IMP: You need to save for a larger retirement corpus for a better tomorrow.
- 2] Joint families giving way to nuclear families.
- 3] Lack of social security benefits in India
- 4] Maintain the standard of living post retirement with a plan to tackle the unforeseen expenses
- 5] Income streams may dry up
- 6] Safeguard against inflation
Life Starts After 60! … Are You Prepared?
B] Inflation –Hidden Enemy of Your Wealth!
- Inflation sinks your purchasing power.
- Today’s money will not buy you the something’s tomorrow.
- Over the last 5 decades CPI Inflation in India has averaged at 7.8% per year.
- A few specific examples below show how small increases over time end up increasing costs dramatically.
Ideal Investment Pattern for Youngsters
1] Upon retirement start a SWAP to earn regular income through withdrawal.
2] Set up a SIP with a reasonable goal in mind
3] Ensure that this SIP amount is topped up regularly as your income increases over time
4] Continue your topped up SIP’s till retirement. Add lump sums along the way if possible
5] Switch between schemes as you age and take on more responsibilities so as to reduce risk.
• The key is to invest with a viewto build long term wealth. A healthy allocation to equity will aid in long term wealth creation.
• A Systematic Withdrawal Advantage Plan (SWAP) is an ideal tool to ensure that you withdraw only the amount you need while letting the remaining corpus grow that little bit longer.
Ideal Investment Pattern for Those Who are Nearing Retirement.
1] Set up a SIP with a reasonable goal in mind
2] Ensure that this SIP amount is topped up with regular lump sum investments to build your corpus faster.
3] Manage your equity and debt component based on your progress towards your goal and risk potential.
4] Continue SIPs until retirement.
5] Upon retirement start a SWAP to earn regular income through withdrawal.
• The key is to invest with a view to build a healthy corpus without taking much risk. A balanced allocation between debt and equity will aid in this process.
Why HDFC Mutual Fund?
- Experienced fund management and research team with experience of managing assets across market cycles
- Over 15 years of fund management experience.
- Product offerings across asset and risk categories enabling investors to invest in line with their investment objectives and risk taking capacity.
- The largest mutual fund in the country with average assets under management of over Rs.1,78,000# crores for the quarter ended December 2015.
Attach following document along with the application form
What is the process/procedure to Invest in Mutual Fund Schemes?
1] Please take print of the Application Form on A4 size paper. Click here to Download HDFC Retirement Savings Fund Application & SIP Form
a] KYC Completed Status Copy, Click here for check KYC Status
b] If not done KYC then fills up KYC Form, affixed Photograph, attach PAN Card & Address Proof Photo Copy attested by applicant.)
2] Cheque / DD should be drawn in favour of “ HDFC Retirement Savings Fund”
3] One Cancelled Cheque /copy (for SIP Registration)
4] Keep photocopy of application form for your record.
5] Submit / deposit your application form in below mentioned Collection Centers/ Branches.
6] To record and track the status/allotment of your application form, send us the soft copy Application Form/ Acknowledgement Slip.
7] The mutual fund company would issue you an Account Statement and confirmation about account has been opened within 4 working days from the date of investment.
8] The account statement will reach your communication address within 15-30 Days from date of allotment.
9] Free Home Service available *
Click Here to download HDFC Retirement Savings Fund Application & SIP Form
HDFC RETIREMENT SAVINGS FUND Application Submission Branches[table “287” could not be loaded /]
Mutual funds are sold to investors through entities variously known as Mutual Fund Brokers / Mutual fund distributors / Mutual funds agents (referred to as ‘distributors’ hereafter). These distributors perform two functions. They act as agents of the Asset Management Companies (AMCs) in helping them sell their schemes. They also act as Mutual Fund advisors to investors in helping the investors choose a scheme suited to their needs.
What is the difference between an investment adviser and a financial planner?
Most financial planners are investment advisers, but not all investment advisers are financial planners. Some financial planners assess every aspect of your financial life—including saving, investments, insurance, taxes, retirement, and estate planning—and help you develop a detailed strategy or financial plan for meeting all your financial goals.
Home Service available –Pune*
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