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The Security and Exchange Board of India (SEBI) has introduced a new classification ‘Solution Oriented Schemes’ under Mutual Funds. These funds are important for long-term goal planning, particularly for—Retirement planning and a child’s education. So, if you are looking at something with a similar goal-wise Investing, then you are at the right place. Let’s look at these funds in a detailed manner, along with some of the best solution oriented schemes to invest.
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Solution oriented schemes are helpful for those investors who wish to create long-term wealth that mainly includes retirement planning and a child’s future education by investing in Mutual Funds. Earlier, these plans were a part of equity or balanced schemes, but as per SEBI’s new circulation, these funds are separately categorised under solution oriented schemes.
Also, these schemes used to have a lock-in for three years, but now these funds have a mandatory lock-in of five years. This is ideally a good way to keep investors invested for a longer duration in order to attain these investment goals. It maintains discipline in investments.
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) Tata Retirement Savings Fund - Progressive Growth ₹56.1991
↑ 0.10 ₹1,750 3.7 14 37 15.9 14 29 Tata Retirement Savings Fund-Moderate Growth ₹55.2273
↑ 0.10 ₹1,918 3.3 11.7 31.3 14.7 12.8 25.3 SBI Magnum Children's Benefit Plan Growth ₹94.4274
↓ -0.11 ₹108 2.7 7.4 18 12.7 10.6 16.9 Tata Retirement Savings Fund - Conservative Growth ₹28.6621
↑ 0.00 ₹168 1.8 6.2 13.8 7.1 7.7 12.1 ICICI Prudential Child Care Plan (Gift) Growth ₹281.32
↑ 0.54 ₹1,205 6.2 21.4 41.3 19.8 14.6 29.2 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Apr 24
To provide a financial planning tool for long term financial security for investors based on their retirement planning goals. However, there can be no assurance
that the investment objective of the fund will be realized, as actual market movements may be at variance with anticipated trends. Tata Retirement Savings Fund - Progressive is a Solutions - Retirement Fund fund was launched on 1 Nov 11. It is a fund with Moderately High risk and has given a Below is the key information for Tata Retirement Savings Fund - Progressive Returns up to 1 year are on To provide a financial planning tool for long term financial security for investors based on their retirement planning goals. However, there can be no assurance
that the investment objective of the fund will be realized, as actual market movements may be at variance with anticipated trends. Tata Retirement Savings Fund-Moderate is a Solutions - Retirement Fund fund was launched on 1 Nov 11. It is a fund with Moderately High risk and has given a Below is the key information for Tata Retirement Savings Fund-Moderate Returns up to 1 year are on To provide attractive returns to the Magnum holders / Unit holders by means
of capital appreciation through an actively managed portfolio of debt, equity
and money market instruments. Income generated through the receipt of coupon payments, the amortization of the discount on the debt instruments, receipt of dividends or purchase and sale of securities in the underlying portfolio, will be reinvested. SBI Magnum Children's Benefit Plan is a Solutions - Childrens Fund fund was launched on 21 Feb 02. It is a fund with Moderately High risk and has given a Below is the key information for SBI Magnum Children's Benefit Plan Returns up to 1 year are on To provide a financial planning tool for long term financial security for investors based on their retirement planning goals. However, there can be no assurance
that the investment objective of the fund will be realized, as actual market movements may be at variance with anticipated trends. Tata Retirement Savings Fund - Conservative is a Solutions - Retirement Fund fund was launched on 1 Nov 11. It is a fund with Moderately High risk and has given a Below is the key information for Tata Retirement Savings Fund - Conservative Returns up to 1 year are on The primary investment objective of the Study Plan is to seek generation of current income by creating a portfolio that is invested in debt, money market instruments and equity and equity related securities. ICICI Prudential Child Care Plan (Gift) is a Solutions - Childrens Fund fund was launched on 31 Aug 01. It is a fund with Moderately High risk and has given a Below is the key information for ICICI Prudential Child Care Plan (Gift) Returns up to 1 year are on 1. Tata Retirement Savings Fund - Progressive
CAGR/Annualized
return of 14.9% since its launch. Ranked 6 in Retirement Fund
category. Return for 2023 was 29% , 2022 was -3.9% and 2021 was 23.3% . Tata Retirement Savings Fund - Progressive
Growth Launch Date 1 Nov 11 NAV (19 Apr 24) ₹56.1991 ↑ 0.10 (0.18 %) Net Assets (Cr) ₹1,750 on 31 Mar 24 Category Solutions - Retirement Fund AMC Tata Asset Management Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 2.01 Sharpe Ratio 2.59 Information Ratio -0.98 Alpha Ratio 2.82 Min Investment 5,000 Min SIP Investment 150 Exit Load 0-60 Years (1%),60 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹8,137 31 Mar 21 ₹12,628 31 Mar 22 ₹14,074 31 Mar 23 ₹13,885 31 Mar 24 ₹18,900 Returns for Tata Retirement Savings Fund - Progressive
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 19 Apr 24 Duration Returns 1 Month 6% 3 Month 3.7% 6 Month 14% 1 Year 37% 3 Year 15.9% 5 Year 14% 10 Year 15 Year Since launch 14.9% Historical performance (Yearly) on absolute basis
Year Returns 2023 29% 2022 -3.9% 2021 23.3% 2020 14.4% 2019 11.5% 2018 -6.1% 2017 49.1% 2016 3.1% 2015 7.8% 2014 47.4% Fund Manager information for Tata Retirement Savings Fund - Progressive
Name Since Tenure Murthy Nagarajan 1 Apr 17 7.01 Yr. Sonam Udasi 1 Apr 16 8.01 Yr. Data below for Tata Retirement Savings Fund - Progressive as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 2.81% Equity 97.19% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 11 | HDFCBANK7% ₹112 Cr 801,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 18 | RELIANCE5% ₹84 Cr 287,000
↓ -31,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 18 | ICICIBANK4% ₹64 Cr 607,000
↓ -60,000 ITC Ltd (Consumer Defensive)
Equity, Since 30 Apr 18 | ITC4% ₹63 Cr 1,545,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Aug 20 | TCS3% ₹57 Cr 139,589 Solar Industries India Ltd (Basic Materials)
Equity, Since 31 Oct 22 | SOLARINDS3% ₹53 Cr 79,015 Jupiter Wagons Ltd (Industrials)
Equity, Since 31 May 23 | 5332723% ₹51 Cr 1,377,538 APL Apollo Tubes Ltd (Basic Materials)
Equity, Since 30 Sep 22 | APLAPOLLO3% ₹49 Cr 318,000
↑ 57,000 Tata Consumer Products Ltd (Consumer Defensive)
Equity, Since 30 Sep 19 | 5008002% ₹42 Cr 351,000 Radico Khaitan Ltd (Consumer Defensive)
Equity, Since 30 Nov 17 | RADICO2% ₹40 Cr 254,600 2. Tata Retirement Savings Fund-Moderate
CAGR/Annualized
return of 14.7% since its launch. Ranked 2 in Retirement Fund
category. Return for 2023 was 25.3% , 2022 was -1.9% and 2021 was 20.5% . Tata Retirement Savings Fund-Moderate
Growth Launch Date 1 Nov 11 NAV (19 Apr 24) ₹55.2273 ↑ 0.10 (0.17 %) Net Assets (Cr) ₹1,918 on 31 Mar 24 Category Solutions - Retirement Fund AMC Tata Asset Management Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.91 Sharpe Ratio 2.44 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 150 Exit Load 0-60 Years (1%),60 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹8,359 31 Mar 21 ₹12,345 31 Mar 22 ₹13,776 31 Mar 23 ₹13,764 31 Mar 24 ₹17,988 Returns for Tata Retirement Savings Fund-Moderate
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 19 Apr 24 Duration Returns 1 Month 5.1% 3 Month 3.3% 6 Month 11.7% 1 Year 31.3% 3 Year 14.7% 5 Year 12.8% 10 Year 15 Year Since launch 14.7% Historical performance (Yearly) on absolute basis
Year Returns 2023 25.3% 2022 -1.9% 2021 20.5% 2020 15.1% 2019 8.6% 2018 -3.6% 2017 38.8% 2016 6.7% 2015 7.7% 2014 55.1% Fund Manager information for Tata Retirement Savings Fund-Moderate
Name Since Tenure Murthy Nagarajan 1 Apr 17 7.01 Yr. Sonam Udasi 1 Apr 16 8.01 Yr. Data below for Tata Retirement Savings Fund-Moderate as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 4.88% Equity 82.77% Debt 12.34% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 11 | HDFCBANK6% ₹107 Cr 760,500 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 18 | RELIANCE4% ₹79 Cr 271,000
↓ -62,000 ITC Ltd (Consumer Defensive)
Equity, Since 30 Apr 18 | ITC3% ₹64 Cr 1,576,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 18 | ICICIBANK3% ₹60 Cr 570,000
↓ -90,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Aug 20 | TCS3% ₹58 Cr 140,564 Solar Industries India Ltd (Basic Materials)
Equity, Since 31 Oct 22 | SOLARINDS3% ₹50 Cr 73,560 Jupiter Wagons Ltd (Industrials)
Equity, Since 31 May 23 | 5332723% ₹48 Cr 1,300,999 APL Apollo Tubes Ltd (Basic Materials)
Equity, Since 30 Sep 22 | APLAPOLLO2% ₹47 Cr 303,900
↑ 52,000 Radico Khaitan Ltd (Consumer Defensive)
Equity, Since 30 Nov 17 | RADICO2% ₹43 Cr 274,500 Tata Consumer Products Ltd (Consumer Defensive)
Equity, Since 30 Sep 19 | 5008002% ₹41 Cr 342,000 3. SBI Magnum Children's Benefit Plan
CAGR/Annualized
return of since its launch. Ranked 1 in Childrens Fund
category. Return for 2023 was 16.9% , 2022 was 1.9% and 2021 was 18.3% . SBI Magnum Children's Benefit Plan
Growth Launch Date 21 Feb 02 NAV (19 Apr 24) ₹94.4274 ↓ -0.11 (-0.11 %) Net Assets (Cr) ₹108 on 31 Mar 24 Category Solutions - Childrens Fund AMC SBI Funds Management Private Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 2.03 Sharpe Ratio 3.11 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-1 Years (3%),1-2 Years (2%),2-3 Years (1%),3 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹9,177 31 Mar 21 ₹11,555 31 Mar 22 ₹13,365 31 Mar 23 ₹13,744 31 Mar 24 ₹16,382
Purchase not allowed Returns for SBI Magnum Children's Benefit Plan
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 19 Apr 24 Duration Returns 1 Month 1.8% 3 Month 2.7% 6 Month 7.4% 1 Year 18% 3 Year 12.7% 5 Year 10.6% 10 Year 15 Year Since launch Historical performance (Yearly) on absolute basis
Year Returns 2023 16.9% 2022 1.9% 2021 18.3% 2020 14.8% 2019 2.6% 2018 0.1% 2017 24.3% 2016 16.1% 2015 7% 2014 31.1% Fund Manager information for SBI Magnum Children's Benefit Plan
Name Since Tenure R. Srinivasan 13 Jan 21 3.21 Yr. Rajeev Radhakrishnan 9 Jun 08 15.82 Yr. Mohit Jain 30 Nov 17 6.34 Yr. Data below for SBI Magnum Children's Benefit Plan as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 12.99% Equity 21.46% Debt 65.54% Top Securities Holdings / Portfolio
Name Holding Value Quantity Uttar Pradesh (Government of) 7.38%
- | -14% ₹15 Cr 1,500,000
↑ 1,500,000 7.25% Govt Stock 2063
Sovereign Bonds | -9% ₹10 Cr 1,000,000 8.1% Govt Stock 2034
Sovereign Bonds | -9% ₹10 Cr 1,000,000 7.3% Govt Stock 2053
Sovereign Bonds | -5% ₹5 Cr 500,000 Mahindra & Mahindra Financial Services Ltd
Debentures | -5% ₹5 Cr 500 Nexus Select Trust
Debentures | -5% ₹5 Cr 500 Gs CG 16/12/2026 - (Strips) Tb
Sovereign Bonds | -3% ₹3 Cr 375,000 Mahanagar Telephone Nigam Limited
Debentures | -3% ₹3 Cr 30 Muthoot Finance Limited
Debentures | -3% ₹3 Cr 300 Avanse Financial Services Limited
Debentures | -3% ₹3 Cr 300 4. Tata Retirement Savings Fund - Conservative
CAGR/Annualized
return of 8.8% since its launch. Ranked 7 in Retirement Fund
category. Return for 2023 was 12.1% , 2022 was 0.1% and 2021 was 7.6% . Tata Retirement Savings Fund - Conservative
Growth Launch Date 1 Nov 11 NAV (19 Apr 24) ₹28.6621 ↑ 0.00 (0.01 %) Net Assets (Cr) ₹168 on 31 Mar 24 Category Solutions - Retirement Fund AMC Tata Asset Management Limited Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.99 Sharpe Ratio 1.93 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-60 Years (1%),60 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹9,982 31 Mar 21 ₹11,816 31 Mar 22 ₹12,470 31 Mar 23 ₹12,610 31 Mar 24 ₹14,389 Returns for Tata Retirement Savings Fund - Conservative
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 19 Apr 24 Duration Returns 1 Month 1.9% 3 Month 1.8% 6 Month 6.2% 1 Year 13.8% 3 Year 7.1% 5 Year 7.7% 10 Year 15 Year Since launch 8.8% Historical performance (Yearly) on absolute basis
Year Returns 2023 12.1% 2022 0.1% 2021 7.6% 2020 11.8% 2019 7.6% 2018 0.8% 2017 15.1% 2016 10.6% 2015 6.4% 2014 20.6% Fund Manager information for Tata Retirement Savings Fund - Conservative
Name Since Tenure Murthy Nagarajan 1 Apr 17 7.01 Yr. Sonam Udasi 1 Apr 16 8.01 Yr. Data below for Tata Retirement Savings Fund - Conservative as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 13.02% Equity 29.39% Debt 57.6% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.38% Govt Stock 2027
Sovereign Bonds | -9% ₹15 Cr 1,500,000 7.17% Govt Stock 2030
Sovereign Bonds | -9% ₹15 Cr 1,500,000 7.36% Govt Stock 2052
Sovereign Bonds | -6% ₹10 Cr 1,000,000 7.27% Govt Stock 2026
Sovereign Bonds | -6% ₹10 Cr 1,000,000 Power Finance Corporation Limited
Debentures | -6% ₹10 Cr 100 Bajaj Housing Finance Limited
Debentures | -6% ₹10 Cr 100 Jamnagar Utilities & Power Private Limited
Debentures | -6% ₹10 Cr 100 Varanasi Sangam Expressway Private Limited
Debentures | -4% ₹7 Cr 80 8.24% Govt Stock 2027
Sovereign Bonds | -3% ₹5 Cr 500,000 8.2% Govt Stock 2025
Sovereign Bonds | -3% ₹5 Cr 500,000 5. ICICI Prudential Child Care Plan (Gift)
CAGR/Annualized
return of 15.9% since its launch. Ranked 24 in Childrens Fund
category. Return for 2023 was 29.2% , 2022 was 2.6% and 2021 was 24.8% . ICICI Prudential Child Care Plan (Gift)
Growth Launch Date 31 Aug 01 NAV (19 Apr 24) ₹281.32 ↑ 0.54 (0.19 %) Net Assets (Cr) ₹1,205 on 31 Mar 24 Category Solutions - Childrens Fund AMC ICICI Prudential Asset Management Company Limited Rating ☆☆ Risk Moderately High Expense Ratio 2.39 Sharpe Ratio 2.93 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-1 Years (3%),1-2 Years (2%),2-3 Years (1%),3 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹7,927 31 Mar 21 ₹11,642 31 Mar 22 ₹13,695 31 Mar 23 ₹13,682 31 Mar 24 ₹19,578 Returns for ICICI Prudential Child Care Plan (Gift)
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 19 Apr 24 Duration Returns 1 Month 4.7% 3 Month 6.2% 6 Month 21.4% 1 Year 41.3% 3 Year 19.8% 5 Year 14.6% 10 Year 15 Year Since launch 15.9% Historical performance (Yearly) on absolute basis
Year Returns 2023 29.2% 2022 2.6% 2021 24.8% 2020 8.8% 2019 8.5% 2018 -1.9% 2017 25% 2016 6.9% 2015 0.2% 2014 54.3% Fund Manager information for ICICI Prudential Child Care Plan (Gift)
Name Since Tenure Lalit Kumar 1 Jun 22 1.83 Yr. Sharmila D’mello 30 Jun 22 1.75 Yr. Darshil Dedhia 22 Jan 24 0.19 Yr. Rohit Lakhotia 12 Jun 23 0.8 Yr. Data below for ICICI Prudential Child Care Plan (Gift) as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 6.2% Equity 79.62% Debt 14.18% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 18 | BHARTIARTL6% ₹74 Cr 659,000
↓ -106,000 UltraTech Cement Ltd (Basic Materials)
Equity, Since 30 Jun 22 | ULTRACEMCO6% ₹66 Cr 66,700 Lupin Ltd (Healthcare)
Equity, Since 31 Aug 21 | 5002575% ₹60 Cr 367,402 8.1% Govt Stock 2034
Sovereign Bonds | -5% ₹58 Cr 5,866,260 Inox Wind Ltd (Industrials)
Equity, Since 31 Aug 23 | INOXWIND4% ₹46 Cr 770,149 DLF Ltd (Real Estate)
Equity, Since 30 Jun 23 | 5328683% ₹38 Cr 424,355 Ambuja Cements Ltd (Basic Materials)
Equity, Since 31 Aug 22 | 5004253% ₹37 Cr 613,000
↑ 104,000 Hindustan Petroleum Corp Ltd (Energy)
Equity, Since 30 Jun 22 | HINDPETRO3% ₹36 Cr 712,036 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 19 | ICICIBANK3% ₹33 Cr 315,147 JSW Steel Ltd (Basic Materials)
Equity, Since 31 Aug 22 | JSWSTEEL3% ₹33 Cr 409,287
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