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Imagine this: You and your partner, both 90's kids, inspired by a particular blockbuster Bollywood movie, dream of a European adventure. Picture snow-capped Swiss mountains, vibrant tulip gar- dens, and romantic train rides through the countryside. But life throws curveballs – house repairs, car troubles, occasional shopping spree – and your piggy bank, meant for that epic trip, becomes an easy target. Years fly by, you retire, and with trembling hands, you crack open the piggy bank... only to find it embarrassingly empty. Dream vacation crushed.
What if your piggy bank had a "lock-in" power? No more dipping into savings for random expenses. You'd be forced to find creative solutions, right? And guess what? When retirement rolls around, that piggy bank, now overflowing, would fund your wildest retirement dreams! Europe? Consider it done. The world is your oyster!
Don't let life drain your retirement dreams. Retirement is that phase of your life where you stop working. However, you still need a steady income flow and financial security. And to create this stable income and finan- cial security, one needs to start planning for retirement well in advance. Stopping mid-way can be detrimental!
Good news: Unlike your leaky piggy bank, there is a category of solution oriented mutual funds – the retirement funds which can help you save for your retirement! Their superpower is the 5 year lock-in period.
These funds come with a lock-in period of 5 years or up to retirement age of 58 years, whichever is earlier. 5-year lock-in period is a boon in disguise as investors are obliged to keep the money invested till the end of the lock-in period and avoid knee jerk reactions. Thus, on one hand, it helphs investors stay disciplined and focused on their financial goal and on the other hand, staying invested for long term help your investments compound over time.
Compounding Boost: Staying invested for the long haul allows your money to grow. Like a snow- ball rolling downhill, your savings have potential to get bigger and bigger over time.
Simplicity & Convenience: Invest small amounts regularly through SIPs (Systematic Investment Plans) and tap into your savings easily with SWPs (Systematic Withdrawal Plans) after retire- ment. Forget complex paperwork – these funds are user-friendly!
Flexibility: Unlike traditional pensions, retirement funds give you control over your corpus. There is no compulsory commutation. Use it as a lump sum or convert it into an annuity for a steady income stream.
Building a secure retirement is a marathon, not a sprint. Consistency and discipline are key. Start planning today, and if you ever feel lost, don't hesitate to consult a financial advisor. Together, you can unlock the door to your dream retirement, one smart investment at a time.
Disclaimer:
The views and investment tips expressed by experts are their own and are meant for informational purposes only and should not be construed as investment advice. Retirement needs may vary from person to person. It may alter based on a person’s age, investment style, risk appetite etc. Investors should check with their financial advisors before taking any investment decisions.
The material contained herein has been obtained from publicly available information, internally developed data and other sources believed to be reliable, but Baroda BNP Paribas Asset Management India Private Limited (formerly BNP Paribas Asset Management India Private Limited) (AMC) makes no representation that it is accurate or complete. The AMC has no obligation to tell the recipient when opinions or information given herein change. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. This information is meant for general reading purposes only and is not meant to serve as a professional guide for the readers. Except for the historical information contained herein, statements in this publication, which contain words or phrases such as 'will', 'would', etc., and similar expressions or variations of such expressions may constitute 'forward-looking statements'. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. The AMC undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof. Words like believe/belief are independent perception of the Fund Manager and do not construe as opinion or advise. This information is not intended to be an offer to sell or a solicitation for the purchase or sale of any financial product or instrument. The information should not be construed as investment advice and investors are requested to consult their investment advisor and arrive at an informed investment decision before making any investments. The Trustee, AMC, Mutual Fund, their directors, officers or their employees shall not be liable in any way for any direct, indirect, special, incidental, consequential, punitive or exemplary damages arising out of the information contained in this doc- ument.
Reg. Office of AMC is at 201(A) 2nd Floor, A wing, Crescenzo, C-38 & 39, G Block, Bandra-Kurla Complex, Mumbai, Maharashtra, India - 400 051, Maharashtra.
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Toll free Number: 1800 2670189 Email id: [email protected] Website: www.barodabnppparibasmf.in
The word ‘more’ does not imply more returns or assurance of scheme performance. It refers to the additional value provided by the joint venture, as compared to Baroda AMC and BNP Paribas AMC individually.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
**basis portfolio of the Scheme as on June 30, 2024
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them
**Basis constituents of the scheme as on June 30, 2024
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
*The PRC matrix denotes the maximum risk that the respective Scheme can take i.e. maximum interest rate risk (measured by MD of the Scheme) and maximum credit risk (measured by CRV of the Scheme)
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