What defines MUA’s Retirement Plan
A well-planned retirement will ensure financial peace of mind for you and your family. MUA’s Retirement Plan aims to provide you with a lump sum at the time of retirement which you can use to supplement your income and anticipate unforeseen expenses. The plan allows you to benefit from a tax-free income (under current legislation) at an important milestone in your professional life, giving you the means to retire without major changes in your quality of life.
Affordable and flexible: minimum monthly contribution of Rs.500 and additional voluntary single premium top-up possible
Early withdrawal possible at any time (fee applies – see terms & conditions)
Lump sum at the age of 55, 60 or 65
Optional Financial protection in case of Death, Total and Permanent Disability or Waiver of Premium
The advantages of MUA’s Retirement Plan
Tax free lump sum payment at maturity
- You have the choice between 4 funds available, depending on your savings objectives and your risk tolerance.
- Defensive Fund
- Balanced Fund
- Dynamic Fund
- International Fund
Flexibility
- Additional Voluntary lump sum contribution allowedIncrease your monthly contribution anytime as your retirement objectives evolve and your budget allows
- Capital guaranteed if you choose to invest in our Defensive Fund.
Loyalty Bonus
- You will receive a bonus after 10 years and every 5 years thereafter – only applicable to the Balanced or Dynamic Fund
Additional advantages
- Optional Cash advance and loan on your policy.
- You can opt for an automatic annual escalation of your contribution.
- Pledge for a loan (conditions apply)
- DEFENSIVE
- BALANCED
- DYNAMIC
- INTERNATIONAL
INVESTMENT OBJECTIVES
The fund seeks to earn better returns than the savings rate offered by commercial banks while seeking to preserve capital and limit volatility. The portfolio is invested in a diversified manner in secure financial instruments. The fund may also have a small exposure to local equities to boost the fund's return.
ALLOCATIONS
| 2020 | 2021 | 2022 | 2023 | YTD | |
|---|---|---|---|---|---|
| FUND | 6.7% | 5.1% | 4.2% | 4.9% | 4.2% |
| BENCHMARK | 0.8% | 4.8% | 10.1% | 9.4% | 4.2% |
INVESTMENT OBJECTIVES
The fund seeks to achieve medium to long-term capital appreciation with a balanced risk strategy. The value of the portfolio will rise and fall with volatility. The overall exposure of the portfolio is diversified across different asset classes: domestic and foreign equities fixed income instruments, real estate and secured loans.
ALLOCATIONS
| 2020 | 2021 | 2022 | 2023 | YTD | |
|---|---|---|---|---|---|
| FUND | 1.8% | 17.9% | -4.6% | 9.5% | 13.2% |
| BENCHMARK | -5.4% | 16.7% | -1.2% | 5.3% | 13.2% |
INVESTMENT OBJECTIVES
The fund seeks to achieve competitive long-term returns and is suitable for investors with a high tolerance for risk. The value of the portfolio may rise and fall significantly in response to fluctuations in the financial markets. The fund invests in a diversified manner in different asset classes, with an emphasis on local equities and foreign assets. The fund may also invest in fixed income instruments to provide some protection against volatility.
ALLOCATIONS
| 2020 | 2021 | 2022 | 2023 | YTD | |
|---|---|---|---|---|---|
| FUND | -5.6% | 24.7% | -9.9% | 9.0% | 19.1% |
| BENCHMARK | -10.1% | 23.3% | -2.5% | 5.9% | 17.5% |
INVESTMENT OBJECTIVES
The fund’s objective is to provide attractive capital appreciation over the long-term. To avoid excessive volatility overtime, the strategy is to hold a mix of foreign assets, with a focus on managed funds invested into diversified equities, fixed income securities and currencies. The Manager follows a philosophy of active asset and geographical allocation, based on its expectation of global economic and market performances.
ALLOCATIONS
| 2022 | 2023 | YTD | |
|---|---|---|---|
| FUND | -7.7% | 12.4% | 15.8% |
| BENCHMARK | -11.2% | 16.9% | 16.1% |
Would you like to know how much to set aside each month to concretize your project or complete your retirement?
Calculate, the amount of the monthly payments necessary to obtain the desired capital according to the chosen profile.
FOR MORE INFORMATION
Whether you own or rent, a good home insurance is essential to protect you, your family and your possessions.
As your family’s breadwinner, a loss of income due to illness or disability could be financially devastating.
