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Tata Mutual Fund Launches Retirement Specific Mutual Fund

by Lyju Kuruvilla on  October 6, 2011 at 4:15 PM Health Insurance News   - G J E 4
Tata Mutual Fund today announced the launch of India's first ever retirement specific mutual fund scheme with auto switch facility.
 Tata Mutual Fund Launches Retirement Specific Mutual Fund
Tata Mutual Fund Launches Retirement Specific Mutual Fund
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Called 'Tata Retirement Savings Fund,' the fund is a carefully structured suite of plans designed to meet the investment needs of investors in different age brackets.

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It offers 3 unique options to investors 'Progressive Plan, ''Moderate Plan' and 'Conservative Plan' - with varied percentage of equity and debt assets.

Tata Retirement Savings Fund is specifically designed keeping in mind the young and middle aged working generation. The fund is tailor-made to support the monetary needs of investors post their retirement so that they can meet the 30:30 challenge. With increasing life expectancy, one can assume a post retirement life of 30 years after 30 earning years. The challenge clearly is the ability to maintain the same life style post retirement.

Tata Retirement Savings Fund comes with a unique 'Auto-Switch' feature which does away the hassles of adjusting the equity-debt proportion with increasing age and the fund does the necessary asset allocation automatically as the investor crosses into a different age bracket.

Yet another unique feature of the fund is the 'Auto-Systematic Withdrawal' facility. This is designed with the objective of providing the investors with regular cash flows after they turn 60.

The 'Auto-Systematic Withdrawal' facility comes with two options of Monthly - 1 per cent of market value of investment as on date of completion of 60 years of age or Quarterly - 3 per cent of market value of investment as on date of completion of 60 years of age.

The Tata Asset Management philosophy is centred on seeking consistent, long-term results. Tata Asset Management aims at overall excellence, within the framework of transparent and rigorous risk controls.

Source: Medindia
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People should never forget that real health depends how well you take care of yourself and not what health insurance you carry but I agree health insurance is important for every one. Search "Penny Health" or online for dollar a day insurance plans.
WilliamMichaels Thursday, October 6, 2011

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