Edelweiss Asset Management launches - Retirement Plan

New Delhi, June 12, 2019: Edelweiss Asset Management Limited, today, announced the launch of Retirement Plan – a unique feature for retirement planning under its mutual fund schemes. It is a SIP feature built on life stage based asset allocation model for retirement planning.

Edelweiss Mutual Fund conducted an online survey which presented some interesting insights.

65% have started saving for retirement but without any clue on the corpus they need for retirement

61% don’t know how much to invest in equity or debt assets and hence, the importance of asset allocation in retirement planning

48% feel they will not be able to maintain current lifestyle during retirement years

52% have planned for their retirement through traditional investments which may not even beat inflation

77% have never consulted a financial advisor to help in retirement planning

The above numbers further reemphasize on the importance of retirement planning and the need for expert financial advice in doing so.

The Retirement Plan helps address all the above concerns. A single solution which provides exposure to a diversified portfolio with an in-built asset allocation mechanism. This plan gradually shifts the investment portfolio toward lower-risk investments based on age and life stage as one approaches retirement. It enables auto rebalancing of the retirement portfolio at set frequency to reduce risk as one moves closer to retirement.

The Retirement Plan gives investors enough flexibility. This plan enables investors / unit holders to plan their retirement by allocating their investments in select open-ended debt and equity Schemes of Edelweiss Mutual Fund by investing through Systematic Investment Plan. This plan provides two asset allocation options – ‘Auto Option’ and ‘My Custom Option’. ‘Auto Option’ gives a predefined asset allocation at every age while the ‘My Custom Option’ provides flexibility to customise equity and debt allocation as per risk appetite and the tenure of Investment. This tool will also enable Financial Advisors to do retirement planning systematically for their investors through customised asset allocation.

This is a unique SIP feature and a first in the MF industry which focuses on life-stage based asset allocation for retirement planning.

Commenting on the launch, Ms. Radhika Gupta, CEO, Edelweiss Asset Management Ltd. said, “We realized that a lot of investors across different age groups have not started thinking about Retirement planning. Investors do not understand the crucial role of asset allocation in retirement planning. With the Retirement Plan, we have a solution to this very problem. The retirement plan helps one to do age based Asset Allocation which balances the exposure to equity and debt funds as per an investor’s age”.

Read more about retirement planning and Edelweiss AMCs’s Retirement Plan on www.edelweissmf.com


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