Best low-cost retirement mutual fund: THIS ICICI Pru fund tops 1, 3 and 5-year return charts |
With rising life expectancy and inflation, building a reliable retirement corpus early is the only way to secure financial freedom later in life. Among the many tools available, retirement mutual funds have emerged as a simple and market-linked way to accumulate wealth over the long term.
One fund that has stood out recently in this space is ICICI Prudential Retirement Fund – Pure Equity – Direct Plan.
According to performance data sourced from the Financial Express mutual funds screener, this scheme is currently the best performer among retirement funds across 1-year, 3-year and 5-year periods.
1-year return: 9.94%
3-year return: 24.62% (annualised)
5-year return: 26.43% (annualised)
This consistency highlights its ability to generate long-term wealth through disciplined equity investing.
This plan is an open-ended equity-oriented retirement fund, launched on February 7, 2019........