retirement: Does it make sense to go for separate retirement-based mutual funds? R Sivakumar explains
Retirement-based mutual funds have a bias towards debt rather than equities, making them suitable for individuals closer to retirement. These funds have specific features, such as a minimum holding period, that guide both investors and fund managers in making longer-term investment decisions. The asset allocation of a conservative retirement plan typically has a higher allocation to debt. Investors should consider their asset allocation strategy and consult with financial advisors to create a balanced overall portfolio.
Source: indiatimes.com