UTI Retirement Benefit Pension Fund
(RBPF)
UTI RBPF (a
Government of India notified Pension Fund), helps to create a corpus and aims
to generate a flow of income post retirement. It helps in building a
long-term portfolio for retirement. The scheme is trusted for over 22 years and
has more than 2.4 million investor accounts.
It is an open-ended debt oriented balance
fund with a maximum equity allocation of 40% and the balance is in debt, this
ensures to provide pension to investors after they attain the age of 58 years,
in the form of regular income and liquidity in case of emergencies. Investors can also opt to receive the
accumulated investment in the form similar to annuity by repurchasing the units
over a period of time in the form of periodical cash-flow, based on the
repurchase value of their holding then, through a systematic withdrawal plan,
after they reach the age of 58.
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