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Retirement plans offered by mutual funds are designed to help investors build a nest egg for their retirement. There are 27 schemes that specifically target retirement goals and invest in a mix of equity and debt. With long-term retirement obligations, many fund managers are looking for mid-cap multibaggers. Here are some of the most popular mid-cap retirement fund schemes. Data is as of December 2023. Source: ACEMF.
G Entertainment Enterprise
Number of retirement funds holding stocks: 11
Sample of funds holding stocks: Tata Retirement Sav Fund – Prog and ICICI Pru Retirement Fund – Pure Equity
Dixon Technologies (India)
Number of retirement funds holding stocks: 10
Examples of funds holding stocks: Nippon India Retirement Fund-Wealth Creation and Aditya Birla SL Retirement Fund-30
Also read: Infrastructure boost from interim budget: New small-cap stocks added by infrastructure investment trusts
Food Works of Joy
Number of retirement funds holding stocks: 9 companies
Sample funds holding stocks: Tata Retirement Sav Fund – Prog and ICICI Pru Retirement Fund – Hybrid Aggressive
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timken india
Number of retirement funds holding stocks: 9 companies
Examples of funds that hold stocks: SBI Retirement Benefit Fund-Aggressive and Aditya Birla SL Retirement Fund-30
phoenix mills
Number of retirement funds holding stocks: 8
Examples of funds that hold stocks: SBI Retirement Benefit Fund Aggressive and Axis Retirement Savings Fund Dynamic
hero motocorp
Number of retirement funds holding stocks: 8
Examples of funds that hold stocks: ICICI Pru Retirement Fund – Pure Equity and Axis Retirement Savings Fund – Conservative
Also read: Can Budget 2024 turn stocks into multibaggers? History says it can
durable technology
Number of retirement funds holding stocks: 8
Examples of funds that hold stocks: SBI Retirement Fund Aggressive and Union Retirement
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Sona BLW precision forgings
Number of retirement funds holding stocks: 8
Examples of stock holding funds: SBI Retirement Benefit Fund Aggressive, Japan India Retirement Fund Wealth Creation
HDFC Asset Management Company
Number of retirement funds holding stocks: 7 companies
Examples of stock holding funds: SBI Retirement Benefit Fund Aggressive, Japan India Retirement Fund Wealth Creation
See also: Tracking the multibagger: Microcap stocks added by Flexicap MF
AIA Engineering
Number of retirement funds holding stocks: 7 companies
Examples of funds held: SBI Retirement Benefit Fund Aggressive Hybrid, ICICI Pull Retirement Fund Hybrid Aggressive
grand pharma
Number of retirement funds holding stocks: 7 companies
Examples of funds that hold stocks: ICICI Pru Retirement Fund-Pure Equity and Nippon India Retirement Fund-Wealth Creation.
See also: Are you prepared for volatility? Bet on these new large-cap stocks by PMS
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