As you keep growing older, retirement planning can be quite a frightening process to go through. Mutual funds are one of the most popular ways to help secure a comfortable retirement.

In a fast paced world, financial stability is of utmost importance, and it is therefore important for you to identify the best retirement funds in India. In this article, we have listed down the best mutual funds for retirement planning based on their 3-year returns.

Here is a table that highlights some of the best mutual funds for retirement planning:

• Take into consideration your risk tolerance levels, investment horizon, retirement goals, and other important factors.
• Some of the top retirement mutual funds include ICICI Prudential Retirement Fund Pure Equity Plan Direct-Growth, SBI Retirement Benefit Fund Aggressive Plan Direct-Growth, and HDFC Retirement Savings Fund Equity Plan Direct-Growth, among others.
• Make sure that you are aware of the tax implications associated.

If you are planning on investing in mutual funds as part of your retirement plan, there are certain things that you need to be aware of while looking at multiple mutual fund schemes. Here is an overview of the top retirement mutual funds in 2024 based on their 3-year returns:

ICICI Prudential Retirement Fund Pure Equity Plan Direct-Growth

The fund has allocated 93.75% of its investments in equities. These include 12.86% of small cap stocks, 14.78% of mid cap stocks, and 53.3% of large cap stocks.

Some of the top holdings of this fund include DLF Limited, Bharti Airtel Limited, Ambuja Cements Limited, Larsen and Toubro Limited, Tech Mahindra Limited, Ultratech Cement Limited, Maruti Suzuki India Limited, and others.

HDFC Retirement Savings Fund Equity Plan Direct-Growth

89.74% of its investments are allocated in equities, including 17.4% of small cap stocks, 9.45% of mid cap stocks, and 48.81% of large cap stocks.

Some of the top holdings of this fund are ICICI Bank, State Bank of India, Reliance Industries Limited, Axis Bank, HDFC Bank, Infosys Limited, Bajaj Auto Limited, ITC Limited, and Larsen and Toubro Limited.

ICICI Prudential Retirement Fund Hybrid Aggressive Plan Direct-Growth

80.02% of its investments are allocated in equities, including 4.79% in government securities, 12.52% in small cap stocks, 20.73% in mid cap stocks, and 46.78% in large cap stocks.

Some of the top holdings of this fund are Ambuja Cements Limited, Bharti Airtel Limited, GOI, Interglobe Aviation Limited, Jindal Stainless Limited, Lupin Limited, Inox Wind Limited, Ultratech Cement Limited, and Tech Mahindra Limited.

SBI Retirement Benefit Fund Aggressive Plan Direct-Growth

93.65% of its investments are allocated in equities, including 14.07% in small cap stocks, 16.33% in mid cap stocks, and 45.41% in large cap stocks. Additionally, there is 4.09% allocation in debt, 3.85% allocation in government securities, and 0.24% allocation in low-risk securities.

Some of the top holdings of this fund include Infosys Limited, Maruti Suzuki India Limited, Reliance Industries Limited, Kajaria Ceramic, Timken India Limited, TVS Motor Company Limited, Abbott India Limited, and Hindalco Industries.

Nippon India Retirement Fund Wealth Creation Scheme Direct-Growth

97.32% of its investments are allocated in equities, including 8.11% in small cap stocks, 9.59% in mid cap stocks, and 53.92% in large cap stocks.

Some of the top holdings of this fund are Tata Consultancy Services Limited, Kaynes Technology India Limited, Dixon Technologies Limited, Bajaj Finance Limited, Cyient DLM, ICICI Lombard General Insurance, Infosys Limited, NTPC, and Axis Bank.

Remember that you need to align your investment goals with mutual funds keeping in mind your retirement age, major expenses, and lifestyle. Examine the historical performance of the fund, and compare it against benchmarks for consistency.

If you are looking to secure a safe future for yourself, Bajaj Finserv Mutual Fund Platform has over 1,000 mutual funds to offer. The platform additionally has a mutual fund calculator that can help you compare mutual funds.