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Mutual Fund SIP for Senior Citizens

Here you get all retirement-focused mutual fund schemes suitable for senior citizens along with the relevant details important for your investment analysis. These funds are specifically designed to meet the financial needs of retirees, focusing on stability and income generation to support financial requirements during retirement.

Best SIP for Senior Citizens

Name
NAV
AUM (in Cr.) sort_arrow
1M Returns
3M Returns
1 Yr Returns
3 Yr Returns
5 Yr Returns
Rating
Exp Ratio
Risk
Min Monthly SIP
Min Lumpsum
Category
Sub Category
HDFC Retirement Savings Fund Equity Plan Direct - Growth

HDFC Retirement Savings Fund Equity Plan Direct - Growth

54.05

6,049.31 -3.56% -6.61% 12.59%18.74%23.31%NA0.75%Very High100100Solution OrientedRetirement Fund
UTI Retirement Fund Direct - Growth

UTI Retirement Fund Direct - Growth

51.13

4,631.31 -1.28% -1.86% 12.69%12.00%13.54%NA0.00%High500500Solution OrientedRetirement Fund
Nippon India Retirement Fund - Wealth Creation Scheme Direct - Growth

Nippon India Retirement Fund - Wealth Creation Scheme Direct - Growth

30.99

3,285.97 -5.59% -7.72% 14.34%15.80%15.96%

3

star
1.00%Very High500500Solution OrientedRetirement Fund
SBI Retirement Benefit Fund - Aggressive Plan Direct - Growth

SBI Retirement Benefit Fund - Aggressive Plan Direct - Growth

20.10

2,712.29 -3.75% -7.97% 8.33%13.93%0.00%NA0.85%Very High5005,000Solution OrientedRetirement Fund
Tata Retirement Savings Fund Moderate Plan Direct - Growth

Tata Retirement Savings Fund Moderate Plan Direct - Growth

73.81

2,182.42 -4.40% -4.19% 16.40%13.86%15.60%

5

star
0.61%Very High1505,000Solution OrientedRetirement Fund
Tata Retirement Savings Fund Progressive Plan Direct - Growth

Tata Retirement Savings Fund Progressive Plan Direct - Growth

77.33

2,121.63 -5.37% -5.10% 17.49%14.76%16.48%

4

star
0.54%Very High1505,000Solution OrientedRetirement Fund
HDFC Retirement Savings Fund - Hybrid Equity Plan Direct - Growth

HDFC Retirement Savings Fund - Hybrid Equity Plan Direct - Growth

41.52

1,580.78 -2.91% -4.89% 10.48%14.32%17.21%NA0.92%Very High100100Solution OrientedRetirement Fund
SBI Retirement Benefit Fund - Aggressive Hybrid Plan Direct - Growth

SBI Retirement Benefit Fund - Aggressive Hybrid Plan Direct - Growth

18.74

1,500.84 -2.80% -6.41% 8.73%12.74%0.00%NA1.06%Very High5005,000Solution OrientedRetirement Fund
ICICI Prudential Retirement Fund - Pure Equity Plan Direct - Growth

ICICI Prudential Retirement Fund - Pure Equity Plan Direct - Growth

31.94

1,063.22 -4.24% -7.27% 17.05%20.23%23.66%NA0.72%Very High1005,000Solution OrientedRetirement Fund
Axis Retirement Fund - Aggressive Plan Direct - Growth

Axis Retirement Fund - Aggressive Plan Direct - Growth

19.13

878.49 -3.08% -5.47% 16.00%10.40%13.38%NA0.91%Very High1,0005,000Solution OrientedRetirement Fund
ICICI Prudential Retirement Fund - Hybrid Aggressive Plan Direct - Growth

ICICI Prudential Retirement Fund - Hybrid Aggressive Plan Direct - Growth

25.97

747.48 -3.84% -6.51% 16.02%17.31%18.62%NA0.58%Very High1005,000Solution OrientedRetirement Fund
Franklin India Pension Fund Direct - Growth

Franklin India Pension Fund Direct - Growth

228.74

516.76 -1.47% -1.62% 10.65%9.91%9.87%

5

star
1.51%Moderately High500500Solution OrientedRetirement Fund
Aditya Birla Sun Life Retirement Fund - The 30s Plan Direct - Growth

Aditya Birla Sun Life Retirement Fund - The 30s Plan Direct - Growth

20.16

396.67 -5.83% -8.48% 12.50%11.94%13.19%NA1.16%Very High5001,000Solution OrientedRetirement Fund
Axis Retirement Fund - Dynamic Plan Direct - Growth

Axis Retirement Fund - Dynamic Plan Direct - Growth

20.87

375.26 -3.71% -4.70% 19.84%11.87%15.28%NA1.12%Very High1,0005,000Solution OrientedRetirement Fund
Baroda BNP Paribas Retirement Fund Direct - Growth

Baroda BNP Paribas Retirement Fund Direct - Growth

10.78

357.23 -3.36% -3.96% 0.00%0.00%0.00%NA0.30%Very High5001,000Solution OrientedRetirement Fund
SBI Retirement Benefit Fund - Conservative Hybrid Plan Direct - Growth

SBI Retirement Benefit Fund - Conservative Hybrid Plan Direct - Growth

15.26

272.27 -1.07% -2.36% 8.57%9.72%0.00%NA1.18%High5005,000Solution OrientedRetirement Fund
SBI Retirement Benefit Fund - Conservative Plan Direct - Growth

SBI Retirement Benefit Fund - Conservative Plan Direct - Growth

13.96

177.04 -0.19% -0.50% 8.90%8.65%0.00%NA0.93%Moderately High5005,000Solution OrientedRetirement Fund
Bandhan Retirement Fund Direct - Growth

Bandhan Retirement Fund Direct - Growth

12.11

174.20 -2.30% -3.95% 9.87%0.00%0.00%NA0.72%Very High1001,000Solution OrientedRetirement Fund
Tata Retirement Savings Fund Conservative Plan Direct - Growth

Tata Retirement Savings Fund Conservative Plan Direct - Growth

35.61

171.92 -1.32% -1.22% 9.42%8.09%9.03%

5

star
0.96%Moderately High5005,000Solution OrientedRetirement Fund
HDFC Retirement Savings Fund - Hybrid Debt Plan Direct - Growth

HDFC Retirement Savings Fund - Hybrid Debt Plan Direct - Growth

23.32

160.07 -0.67% -0.90% 9.47%9.23%9.63%NA1.02%Moderately High100100Solution OrientedRetirement Fund
Union Retirement Fund Direct - Growth

Union Retirement Fund Direct - Growth

15.12

156.27 -5.22% -7.64% 10.80%0.00%0.00%NA1.16%Very High5001,000Solution OrientedRetirement Fund
Nippon IndiaRetirement Fund - Income Generation Scheme Direct - Growth

Nippon IndiaRetirement Fund - Income Generation Scheme Direct - Growth

22.09

155.69 -0.90% -0.87% 10.68%8.73%8.70%

4

star
1.00%Moderately High500500Solution OrientedRetirement Fund
Aditya Birla Sun Life Retirement Fund - The 40s Plan Direct - Growth

Aditya Birla Sun Life Retirement Fund - The 40s Plan Direct - Growth

19.48

114.22 -4.07% -3.36% 13.47%11.55%12.55%NA1.01%Very High5001,000Solution OrientedRetirement Fund
ICICI Prudential Retirement Fund - Pure Debt Plan Direct - Growth

ICICI Prudential Retirement Fund - Pure Debt Plan Direct - Growth

15.70

107.46 0.65% 1.69% 8.48%6.63%7.13%NA1.19%Moderate1005,000Solution OrientedRetirement Fund
ICICI Prudential Retirement Fund - Hybrid Conservative Plan Direct - Growth

ICICI Prudential Retirement Fund - Hybrid Conservative Plan Direct - Growth

17.67

78.10 -1.01% -1.24% 8.51%9.45%9.94%NA0.94%Moderately High1005,000Solution OrientedRetirement Fund
PGIM India Retirement Fund Direct - Growth

PGIM India Retirement Fund Direct - Growth

11.41

75.46 -5.43% -6.22% 0.00%0.00%0.00%NA0.66%Very High1,0005,000Solution OrientedRetirement Fund
Axis Retirement Fund - Conservative Plan Direct - Growth

Axis Retirement Fund - Conservative Plan Direct - Growth

16.72

65.82 -0.81% -1.75% 10.51%8.28%10.61%NA0.76%High1,0005,000Solution OrientedRetirement Fund
Aditya Birla Sun Life Retirement Fund - The 50s Plan Direct - Growth

Aditya Birla Sun Life Retirement Fund - The 50s Plan Direct - Growth

15.09

25.61 -1.02% -0.79% 9.24%7.96%7.13%NA0.59%Moderately High5001,000Solution OrientedRetirement Fund
Aditya Birla Sun Life Retirement Fund - The 50s Plus - Debt Plan Direct - Growth

Aditya Birla Sun Life Retirement Fund - The 50s Plus - Debt Plan Direct - Growth

13.80

16.60 0.61% 1.49% 7.42%5.57%5.43%NA0.84%Moderate5001,000Solution OrientedRetirement Fund

Please Note:

  • 1M, 3M and 1 Yr returns are Absolute. 3 Yr and 5 Yr returns are Annualized.
  • Fund Rating is sourced from Morningstar.
  • "Exp Ratio" is a short-form used for "Expense Ratio" - In simple terms it is a fee charged by the AMC for managing your money.

*The schemes mentioned above are just for research purpose and not recommendations. Please do your own due diligence before investing.

Frequently Asked Questions

When selecting a SIP for senior citizens, consider the fund’s stability, historical performance, and low risk. Evaluate the fund manager’s track record and ensure the fund’s strategy focuses on capital preservation and regular income. Match the fund’s risk profile with the financial needs of retirement.
Investing in a SIP allows senior citizens to benefit from disciplined savings with regular, small contributions. It leverages rupee cost averaging to manage market volatility, helping to build a secure financial corpus that can supplement retirement income and cover unexpected expenses.
SIPs offer advantages like systematic investment habits, rupee cost averaging to manage market risks, and the potential for steady income. They provide flexibility and accessibility, allowing senior citizens to invest according to their financial goals and risk tolerance while ensuring capital preservation.
SIPs involve market risks, with the value of investments subject to fluctuations. For senior citizens, short-term market volatility can be a concern. Regularly reviewing and adjusting investments is essential to manage these risks and ensure alignment with retirement financial goals.
SIPs are ideal for senior citizens seeking a disciplined approach to saving and investing, focusing on capital preservation and regular income. They suit those aiming to supplement their retirement income, manage medical expenses, or maintain financial independence during their retirement years. An investment in best funds with ₹2000 monthly SIP can be considered.
To start a SIP, select a mutual fund that aligns with your retirement goals. Register online through the Dhan app. Complete the KYC process, set up the SIP amount and frequency, and link your bank account for automatic deductions.

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