5 Best Solution Oriented Schemes to Invest in 2024 | fincash.com

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What are Solution Oriented Schemes?
Top 5 Best Performing Solution Oriented Schemes FY 24 - 25
How to Invest in Solution Oriented Schemes Online?
Top 5 Funds

5 Best Solution Oriented Schemes to Invest in 2024

Updated on November 14, 2024 , 4130 views

The Security and Exchange Board of India (SEBI) has introduced a new classification ‘Solution Oriented Schemes’ under Mutual Funds. These funds are important for long-term goal planning, particularly for—Retirement planning and a child’s education. So, if you are looking at something with a similar goal-wise Investing, then you are at the right place. Let’s look at these funds in a detailed manner, along with some of the best solution oriented schemes to invest.

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What are Solution Oriented Schemes?

Solution oriented schemes are helpful for those investors who wish to create long-term wealth that mainly includes retirement planning and a child’s future education by investing in Mutual Funds. Earlier, these plans were a part of equity or balanced schemes, but as per SEBI’s new circulation, these funds are separately categorised under solution oriented schemes.

Also, these schemes used to have a lock-in for three years, but now these funds have a mandatory lock-in of five years. This is ideally a good way to keep investors invested for a longer duration in order to attain these investment goals. It maintains discipline in investments.

Top 5 Best Performing Solution Oriented Schemes FY 24 - 25

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2023 (%)
Tata Retirement Savings Fund - Progressive Growth	₹63.2411 ↑ 0.37	₹2,182	-1.7	10.8	27.5	11.7	15.4	29
Tata Retirement Savings Fund-Moderate Growth	₹61.7409 ↑ 0.27	₹2,233	-0.9	10.6	24.2	11.3	14.5	25.3
SBI Magnum Children's Benefit Plan Growth	₹105.797 ↑ 0.38	₹122	2.2	10.7	19.7	11.5	13.1	16.9
Tata Retirement Savings Fund - Conservative Growth	₹30.4262 ↑ 0.02	₹177	0.1	5.4	12.2	6.4	7.9	12.1
ICICI Prudential Child Care Plan (Gift) Growth	₹299.16 ↑ 0.71	₹1,394	-2.4	4.1	28.8	14.5	16.5	29.2
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 14 Nov 24

1. Tata Retirement Savings Fund - Progressive

To provide a financial planning tool for long term financial security for investors based on their retirement planning goals. However, there can be no assurance that the investment objective of the fund will be realized, as actual market movements may be at variance with anticipated trends.

Tata Retirement Savings Fund - Progressive is a Solutions - Retirement Fund fund was launched on 1 Nov 11. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 15.2% since its launch. Ranked 6 in Retirement Fund category. Return for 2023 was 29% , 2022 was -3.9% and 2021 was 23.3% .

Below is the key information for Tata Retirement Savings Fund - Progressive

Tata Retirement Savings Fund - Progressive Growth
Launch Date	1 Nov 11
NAV (14 Nov 24)	₹63.2411 ↑ 0.37 (0.59 %)
Net Assets (Cr)	₹2,182 on 30 Sep 24
Category	Solutions - Retirement Fund
AMC	Tata Asset Management Limited
Rating	☆☆☆☆☆
Risk	Moderately High
Expense Ratio	0
Sharpe Ratio	2.6
Information Ratio	-0.53
Alpha Ratio	1.94
Min Investment	5,000
Min SIP Investment	150
Exit Load	0-60 Years (1%),60 Years and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Oct 19	₹10,000
31 Oct 20	₹10,107
31 Oct 21	₹14,207
31 Oct 22	₹13,842
31 Oct 23	₹15,502
31 Oct 24	₹21,122

Tata Retirement Savings Fund - Progressive SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹447,579.
Net Profit of ₹147,579 Invest Now

Returns for Tata Retirement Savings Fund - Progressive

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Nov 24

Duration	Returns
1 Month	-6.5%
3 Month	-1.7%
6 Month	10.8%
1 Year	27.5%
3 Year	11.7%
5 Year	15.4%
10 Year
15 Year
Since launch	15.2%

Historical performance (Yearly) on absolute basis

Year	Returns
2023	29%
2022	-3.9%
2021	23.3%
2020	14.4%
2019	11.5%
2018	-6.1%
2017	49.1%
2016	3.1%
2015	7.8%
2014	47.4%

Fund Manager information for Tata Retirement Savings Fund - Progressive

Name	Since	Tenure
Murthy Nagarajan	1 Apr 17	7.59 Yr.
Sonam Udasi	1 Apr 16	8.59 Yr.

Data below for Tata Retirement Savings Fund - Progressive as on 30 Sep 24

Asset Allocation

Asset Class	Value
Cash	6.38%
Equity	93.62%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 30 Nov 11 \| HDFCBANK	6%	₹131 Cr	754,000
ITC Ltd (Consumer Defensive) Equity, Since 30 Apr 18 \| ITC	4%	₹90 Cr	1,728,000
Zomato Ltd (Consumer Cyclical) Equity, Since 31 Mar 24 \| 543320	3%	₹74 Cr	2,718,000 ↑ 198,000
Reliance Industries Ltd (Energy) Equity, Since 30 Apr 18 \| RELIANCE	3%	₹64 Cr	218,000 ↓ -103,000
Solar Industries India Ltd (Basic Materials) Equity, Since 31 Oct 22 \| SOLARINDS	3%	₹62 Cr	53,755
Tata Consultancy Services Ltd (Technology) Equity, Since 31 Aug 20 \| TCS	3%	₹61 Cr	144,000 ↑ 21,411
BSE Ltd (Financial Services) Equity, Since 31 May 24 \| BSE	2%	₹54 Cr	146,000
Radico Khaitan Ltd (Consumer Defensive) Equity, Since 30 Nov 17 \| RADICO	2%	₹51 Cr	249,600 ↓ -5,000
Mahanagar Gas Ltd (Utilities) Equity, Since 29 Feb 24 \| MGL	2%	₹51 Cr	261,000
DOMS Industries Ltd (Industrials) Equity, Since 31 Dec 23 \| DOMS	2%	₹45 Cr	165,996

2. Tata Retirement Savings Fund-Moderate

Tata Retirement Savings Fund-Moderate is a Solutions - Retirement Fund fund was launched on 1 Nov 11. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 15% since its launch. Ranked 2 in Retirement Fund category. Return for 2023 was 25.3% , 2022 was -1.9% and 2021 was 20.5% .

Below is the key information for Tata Retirement Savings Fund-Moderate

Tata Retirement Savings Fund-Moderate Growth
Launch Date	1 Nov 11
NAV (14 Nov 24)	₹61.7409 ↑ 0.27 (0.44 %)
Net Assets (Cr)	₹2,233 on 30 Sep 24
Category	Solutions - Retirement Fund
AMC	Tata Asset Management Limited
Rating	☆☆☆☆☆
Risk	Moderately High
Expense Ratio	0
Sharpe Ratio	2.41
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	150
Exit Load	0-60 Years (1%),60 Years and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Oct 19	₹10,000
31 Oct 20	₹10,305
31 Oct 21	₹13,924
31 Oct 22	₹13,824
31 Oct 23	₹15,403
31 Oct 24	₹20,230

Tata Retirement Savings Fund-Moderate SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹436,710.
Net Profit of ₹136,710 Invest Now

Returns for Tata Retirement Savings Fund-Moderate

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Nov 24

Duration	Returns
1 Month	-5.2%
3 Month	-0.9%
6 Month	10.6%
1 Year	24.2%
3 Year	11.3%
5 Year	14.5%
10 Year
15 Year
Since launch	15%

Historical performance (Yearly) on absolute basis

Year	Returns
2023	25.3%
2022	-1.9%
2021	20.5%
2020	15.1%
2019	8.6%
2018	-3.6%
2017	38.8%
2016	6.7%
2015	7.7%
2014	55.1%

Fund Manager information for Tata Retirement Savings Fund-Moderate

Name	Since	Tenure
Murthy Nagarajan	1 Apr 17	7.59 Yr.
Sonam Udasi	1 Apr 16	8.59 Yr.

Data below for Tata Retirement Savings Fund-Moderate as on 30 Sep 24

Asset Allocation

Asset Class	Value
Cash	12.88%
Equity	78.98%
Debt	8.14%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 30 Nov 11 \| HDFCBANK	5%	₹119 Cr	687,500
ITC Ltd (Consumer Defensive) Equity, Since 30 Apr 18 \| ITC	4%	₹82 Cr	1,576,000
Zomato Ltd (Consumer Cyclical) Equity, Since 31 Mar 24 \| 543320	3%	₹65 Cr	2,367,000 ↑ 117,000
Reliance Industries Ltd (Energy) Equity, Since 30 Apr 18 \| RELIANCE	2%	₹55 Cr	187,000 ↓ -110,000
Solar Industries India Ltd (Basic Materials) Equity, Since 31 Oct 22 \| SOLARINDS	2%	₹55 Cr	47,400
Radico Khaitan Ltd (Consumer Defensive) Equity, Since 30 Nov 17 \| RADICO	2%	₹55 Cr	266,500 ↓ -8,000
Tata Consultancy Services Ltd (Technology) Equity, Since 31 Aug 20 \| TCS	2%	₹54 Cr	126,000 ↑ 14,436
BSE Ltd (Financial Services) Equity, Since 31 May 24 \| BSE	2%	₹49 Cr	132,000
Mahanagar Gas Ltd (Utilities) Equity, Since 29 Feb 24 \| MGL	2%	₹45 Cr	234,000
Kirloskar Pneumatic Co Ltd (Industrials) Equity, Since 31 Aug 22 \| 505283	2%	₹40 Cr	305,000

3. SBI Magnum Children's Benefit Plan

To provide attractive returns to the Magnum holders / Unit holders by means of capital appreciation through an actively managed portfolio of debt, equity and money market instruments. Income generated through the receipt of coupon payments, the amortization of the discount on the debt instruments, receipt of dividends or purchase and sale of securities in the underlying portfolio, will be reinvested.

SBI Magnum Children's Benefit Plan is a Solutions - Childrens Fund fund was launched on 21 Feb 02. It is a fund with Moderately High risk and has given a CAGR/Annualized return of since its launch. Ranked 1 in Childrens Fund category. Return for 2023 was 16.9% , 2022 was 1.9% and 2021 was 18.3% .

Below is the key information for SBI Magnum Children's Benefit Plan

SBI Magnum Children's Benefit Plan Growth
Launch Date	21 Feb 02
NAV (14 Nov 24)	₹105.797 ↑ 0.38 (0.36 %)
Net Assets (Cr)	₹122 on 15 Oct 24
Category	Solutions - Childrens Fund
AMC	SBI Funds Management Private Limited
Rating	☆☆☆☆☆
Risk	Moderately High
Expense Ratio	1.2
Sharpe Ratio	3.19
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	500
Exit Load	0-1 Years (3%),1-2 Years (2%),2-3 Years (1%),3 Years and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Oct 19	₹10,000
31 Oct 20	₹10,323
31 Oct 21	₹12,967
31 Oct 22	₹13,541
31 Oct 23	₹15,273
31 Oct 24	₹18,555

SBI Magnum Children's Benefit Plan SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹426,080.
Net Profit of ₹126,080 Invest Now

Purchase not allowed

Returns for SBI Magnum Children's Benefit Plan

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Nov 24

Duration	Returns
1 Month	-1.4%
3 Month	2.2%
6 Month	10.7%
1 Year	19.7%
3 Year	11.5%
5 Year	13.1%
10 Year
15 Year
Since launch

Historical performance (Yearly) on absolute basis

Year	Returns
2023	16.9%
2022	1.9%
2021	18.3%
2020	14.8%
2019	2.6%
2018	0.1%
2017	24.3%
2016	16.1%
2015	7%
2014	31.1%

Fund Manager information for SBI Magnum Children's Benefit Plan

Name	Since	Tenure
R. Srinivasan	13 Jan 21	3.8 Yr.
Rajeev Radhakrishnan	9 Jun 08	16.41 Yr.
Pradeep Kesavan	31 Dec 23	0.84 Yr.

Data below for SBI Magnum Children's Benefit Plan as on 15 Oct 24

Asset Allocation

Asset Class	Value
Cash	7.53%
Equity	21.14%
Debt	71.33%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
7.38% State Government Of Uttar Pradesh 2036 Sovereign Bonds \| -	13%	₹15 Cr	1,500,000
7.18% Govt Stock 2033 Sovereign Bonds \| -	8%	₹10 Cr	1,000,000
7.1% Govt Stock 2034 Sovereign Bonds \| -	8%	₹10 Cr	1,000,000
7.34% Govt Stock 2064 Sovereign Bonds \| -	4%	₹5 Cr	500,000
7.3% Govt Stock 2053 Sovereign Bonds \| -	4%	₹5 Cr	500,000
Rajasthan (Government of ) 7.49% - \| -	4%	₹5 Cr	500,000
Sundaram Finance Limited Debentures \| -	4%	₹5 Cr	500
Nexus Select Trust Debentures \| -	4%	₹5 Cr	500
Mahindra & Mahindra Financial Services Ltd Debentures \| -	4%	₹5 Cr	500
Gs CG 16/12/2026 - (Strips) Tb Sovereign Bonds \| -	3%	₹3 Cr	375,000

4. Tata Retirement Savings Fund - Conservative

Tata Retirement Savings Fund - Conservative is a Solutions - Retirement Fund fund was launched on 1 Nov 11. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 8.9% since its launch. Ranked 7 in Retirement Fund category. Return for 2023 was 12.1% , 2022 was 0.1% and 2021 was 7.6% .

Below is the key information for Tata Retirement Savings Fund - Conservative

Tata Retirement Savings Fund - Conservative Growth
Launch Date	1 Nov 11
NAV (14 Nov 24)	₹30.4262 ↑ 0.02 (0.07 %)
Net Assets (Cr)	₹177 on 15 Oct 24
Category	Solutions - Retirement Fund
AMC	Tata Asset Management Limited
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	0
Sharpe Ratio	2.21
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	500
Exit Load	0-60 Years (1%),60 Years and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Oct 19	₹10,000
31 Oct 20	₹10,716
31 Oct 21	₹12,041
31 Oct 22	₹12,059
31 Oct 23	₹12,903
31 Oct 24	₹14,802

Tata Retirement Savings Fund - Conservative SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹367,070.
Net Profit of ₹67,070 Invest Now

Returns for Tata Retirement Savings Fund - Conservative

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Nov 24

Duration	Returns
1 Month	-2%
3 Month	0.1%
6 Month	5.4%
1 Year	12.2%
3 Year	6.4%
5 Year	7.9%
10 Year
15 Year
Since launch	8.9%

Historical performance (Yearly) on absolute basis

Year	Returns
2023	12.1%
2022	0.1%
2021	7.6%
2020	11.8%
2019	7.6%
2018	0.8%
2017	15.1%
2016	10.6%
2015	6.4%
2014	20.6%

Fund Manager information for Tata Retirement Savings Fund - Conservative

Name	Since	Tenure
Murthy Nagarajan	1 Apr 17	7.59 Yr.
Sonam Udasi	1 Apr 16	8.59 Yr.

Data below for Tata Retirement Savings Fund - Conservative as on 15 Oct 24

Asset Allocation

Asset Class	Value
Cash	27.73%
Equity	29.31%
Debt	42.96%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
7.17% Govt Stock 2030 Sovereign Bonds \| -	9%	₹15 Cr	1,500,000
7.38% Govt Stock 2027 Sovereign Bonds \| -	9%	₹15 Cr	1,500,000
7.36% Govt Stock 2052 Sovereign Bonds \| -	6%	₹11 Cr	1,000,000
7.27% Govt Stock 2026 Sovereign Bonds \| -	6%	₹10 Cr	1,000,000
Power Finance Corporation Limited Debentures \| -	6%	₹10 Cr	100
Jamnagar Utilities And Power Pvt Limited Debentures \| -	6%	₹10 Cr	100
8.24% Govt Stock 2027 Sovereign Bonds \| -	3%	₹5 Cr	500,000
8.2% Govt Stock 2025 Sovereign Bonds \| -	3%	₹5 Cr	500,000
Bharti Telecom Limited Debentures \| -	3%	₹5 Cr	50
08.44 MH Sdl 2024 Sovereign Bonds \| -	2%	₹4 Cr	350,000

5. ICICI Prudential Child Care Plan (Gift)

The primary investment objective of the Study Plan is to seek generation of current income by creating a portfolio that is invested in debt, money market instruments and equity and equity related securities.

ICICI Prudential Child Care Plan (Gift) is a Solutions - Childrens Fund fund was launched on 31 Aug 01. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 15.8% since its launch. Ranked 24 in Childrens Fund category. Return for 2023 was 29.2% , 2022 was 2.6% and 2021 was 24.8% .

Below is the key information for ICICI Prudential Child Care Plan (Gift)

ICICI Prudential Child Care Plan (Gift) Growth
Launch Date	31 Aug 01
NAV (14 Nov 24)	₹299.16 ↑ 0.71 (0.24 %)
Net Assets (Cr)	₹1,394 on 30 Sep 24
Category	Solutions - Childrens Fund
AMC	ICICI Prudential Asset Management Company Limited
Rating	☆☆
Risk	Moderately High
Expense Ratio	2.39
Sharpe Ratio	2.71
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	100
Exit Load	0-1 Years (3%),1-2 Years (2%),2-3 Years (1%),3 Years and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Oct 19	₹10,000
31 Oct 20	₹9,878
31 Oct 21	₹13,913
31 Oct 22	₹14,420
31 Oct 23	₹16,092
31 Oct 24	₹22,066

ICICI Prudential Child Care Plan (Gift) SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹458,689.
Net Profit of ₹158,689 Invest Now

Returns for ICICI Prudential Child Care Plan (Gift)

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Nov 24

Duration	Returns
1 Month	-7.1%
3 Month	-2.4%
6 Month	4.1%
1 Year	28.8%
3 Year	14.5%
5 Year	16.5%
10 Year
15 Year
Since launch	15.8%

Historical performance (Yearly) on absolute basis

Year	Returns
2023	29.2%
2022	2.6%
2021	24.8%
2020	8.8%
2019	8.5%
2018	-1.9%
2017	25%
2016	6.9%
2015	0.2%
2014	54.3%

Fund Manager information for ICICI Prudential Child Care Plan (Gift)

Name	Since	Tenure
Lalit Kumar	1 Jun 22	2.42 Yr.
Sharmila D’mello	30 Jun 22	2.34 Yr.
Darshil Dedhia	22 Jan 24	0.78 Yr.
Rohit Lakhotia	12 Jun 23	1.39 Yr.

Data below for ICICI Prudential Child Care Plan (Gift) as on 30 Sep 24

Asset Allocation

Asset Class	Value
Cash	6.71%
Equity	81.29%
Debt	11.99%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Bharti Airtel Ltd (Communication Services) Equity, Since 31 May 18 \| BHARTIARTL	8%	₹113 Cr	659,000
UltraTech Cement Ltd (Basic Materials) Equity, Since 30 Jun 22 \| 532538	6%	₹79 Cr	66,700
8% Govt Stock 2034 Sovereign Bonds \| -	4%	₹59 Cr	5,866,260
JSW Steel Ltd (Basic Materials) Equity, Since 31 Aug 22 \| JSWSTEEL	3%	₹42 Cr	409,287
ICICI Bank Ltd (Financial Services) Equity, Since 31 Aug 19 \| ICICIBANK	3%	₹40 Cr	315,147
Ambuja Cements Ltd (Basic Materials) Equity, Since 31 Aug 22 \| 500425	3%	₹39 Cr	613,000
Jindal Stainless Ltd (Basic Materials) Equity, Since 31 Oct 22 \| JSL	3%	₹38 Cr	482,802
07.18 Goi 14082033 Sovereign Bonds \| -	3%	₹36 Cr	3,500,000
InterGlobe Aviation Ltd (Industrials) Equity, Since 29 Feb 24 \| INDIGO	3%	₹35 Cr	73,605 ↑ 25,000
Tata Motors Ltd (Consumer Cyclical) Equity, Since 31 Aug 24 \| TATAMOTORS	2%	₹33 Cr	336,998

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Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.