Aditya Birla Sun Life Mutual Fund launches retirement scheme; offer closes on March 5

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

In addition to these, there is a 50s Plus Debt Plan for those nearing retirement age, which invests its entire corpus in debt and money market instruments.

The fund will be managed by Ajay Garg and Pranay Sinha and has no exit load.

Commenting on the launch, A Balasubramanian, Chief Executive Officer, Aditya Birla Sun Life AMC, said: "Aditya Birla Sun Life Retirement Fund provides investors with an investment solution to plan their retirement from as early as in their 30s to factor in the rising cost of living.  Efficient retirement planning is extremely important to manage future expenses."

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Source: Moneycontrol.com