Which are the best-performing solution-oriented and other schemes?
Mutual funds not only offer equity, debt and hybrid schemes but also other schemes and solution-oriented schemes. Now the question might arise in your mind that what are other schemes and solution-oriented schemes?
Other schemes are divided further into two subcategories such as Index Funds/ETFs and FoFs (Overseas or Domestic). Likewise, solution-oriented funds enable an individual to create a corpus for their children education or marriage, etc. and retirement.
Let’s look at the subcategories of the Solution-oriented and other schemes in detail:
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Subcategories of the schemes
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Explanation
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Best performing Funds within a category based on 1 year return
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Other Scheme
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1. Index Funds/ETFs
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This is an open-ended scheme that imitates the benchmark index. Minimum investment in securities of a particular index (which is the benchmark of the fund and tracking the same) should be 95% of total assets
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Nippon India Nifty Smallcap 250 Index Fund – 90.38%
Motilal Oswal Nifty Smallcap 250 Index Fund – 90.30%
Motilal Oswal Nifty Midcap 150 Index Fund – 80.76%
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2. FoFs (Overseas/Domestic)
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This scheme is an open-ended scheme investing in the underlying funds. Minimum investment of 95% of total assets should be towards an underlying fund
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DSP World Energy Fund – 59.45%
Franklin India Dynamic Asset Allocation Fund of Funds – 53.43%
Aditya Birla Sun Life Financial Planning FOF Aggressive Plan – 43.28%
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Solution-oriented Scheme
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1. Retirement Fund
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This scheme is an open-ended scheme. Which have a lock-in period of 5-years or till the retirement age of the investor whichever is earlier.
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HDFC Retirement Savings Fund - Equity Plan – 72.83%
ICICI Prudential Retirement Fund - Pure Equity Plan – 65.85%
Nippon India Retirement Fund - Wealth Creation Scheme – 61.14%
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2. Children’s Fund
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This is an open-ended scheme that helps in creating a corpus for children. This scheme has a lock-in period of at least 5 years or till the children attain the age of majority whichever is earlier.
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SBI Magnum Children's Benefit Fund - Investment Plan – 124.21%
UTI CCF- Investment Plan – 64.58%
Tata Young Citizens Fund – 59.67%
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