Thursday, July 17, 2025 | 10:17 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Retirement schemes from MFs can help to create a corpus for silver years

With multiple plans, investors across age groups and risk appetite can invest in these schemes

retirement
premium

Photo: iSTOCK

Priyadarshini MajiTinesh Bhasin
When an investor wants to put money in equities for tax-savings, equity-linked savings scheme (ELSS) is an obvious choice. But rarely anyone thinks of retirement schemes from mutual funds. In this long-term instrument, too, investors get Section 80C but they have a longer lock-in of five years.

While they may appear to be similar to ELSS, fund houses say they serve two different purposes. “Retirement funds are for the long-term goal of preparing for one’s retirement. ELSS is for wealth creation along with tax savings. Investors looking out for a dedicated investment avenue for their retirement savings should look at