Solution Mutual Funds in India
Updated September 2026 · 44 active funds · data from AMFI NAVs
Solution-Oriented funds are a distinct SEBI scheme class created in the 2017 categorization circular for goal-linked, long-horizon saving. Unlike equity, debt or hybrid funds defined by what they hold, these are defined by the goal they target and by a built-in lock-in. The class has two sub-types: Retirement funds and Children's funds. Both come with a lock-in of at least five years or until the goal event (retirement age, or the child turning 18), whichever is earlier. Within each sub-type an AMC may offer multiple plans across the risk spectrum, from largely equity 'aggressive' options to debt-heavy 'conservative' options, so the risk-return range is wide and depends on the plan you pick, not the label. Investors who want a disciplined, structured vehicle for a multi-decade goal use these, accepting reduced liquidity in exchange for commitment. On FindMF you can browse the Retirement schemes in this class, with trailing returns and risk metrics computed from AMFI NAVs using our disclosed methodology. We do not recommend specific funds or rank them as 'best'.
Who it suits: Long-horizon investors who want a goal-anchored, locked-in vehicle for retirement or a child's future and are comfortable trading liquidity for commitment.
52% of the 42 funds here with a computed alpha beat their benchmark over the measured window (positive alpha). Past performance is not indicative; this is analysis, not advice.
| # | Scheme | 1Y | 3Y | 5Y | Sharpe | Max DD | TER | AUM |
|---|---|---|---|---|---|---|---|---|
| 1 | SBI Children's Fund - Investment SBI | +15.00% | +21.14% | +19.67% | 1.18 | -15.7% | 1.18% | ₹5.2K Cr |
| 2 | ICICI Prudential Retirement Fund - Pure Equity ICICI Prudential | +7.24% | +20.03% | +18.37% | 1.03 | -16.9% | 0.89% | ₹1.7K Cr |
| 3 | ICICI Prudential Retirement Fund - Hybrid Aggressive ICICI Prudential | +7.06% | +17.79% | +14.56% | 0.86 | -14.7% | 1.12% | ₹1.1K Cr |
| 4 | Aditya Birla Sun Life Retirement Fund - The 30s Aditya Birla Sun Life | +13.40% | +16.25% | +11.93% | 0.54 | -19.0% | - | ₹416 Cr |
| 5 | Tata Retirement Savings Fund - Progressive Tata | +6.27% | +13.14% | +10.16% | 0.53 | -19.7% | 0.66% | ₹2.0K Cr |
| 6 | Union Retirement Fund Union | +4.46% | +13.09% | - | 0.71 | -17.8% | 2.12% | ₹190 Cr |
| 7 | ICICI Prudential Children's Fund ICICI Prudential | -1.55% | +12.68% | +11.25% | 0.60 | -15.4% | 2.25% | ₹1.4K Cr |
| 8 | Tata Retirement Savings Fund - Moderate Tata | +5.98% | +12.40% | +10.14% | 0.55 | -16.1% | 0.70% | ₹2.1K Cr |
| 9 | Axis Retirement Fund - Dynamic Axis | -0.79% | +11.78% | +7.70% | 0.38 | -17.1% | 1.48% | ₹290 Cr |
| 10 | SBI Children's Fund - Savings SBI | +10.27% | +11.73% | +10.78% | 0.93 | -4.7% | 0.94% | ₹133 Cr |
| 11 | ADITYA BIRLA SUN LIFE BAL BHAVISHYA YOJNA Aditya Birla Sun Life | +4.89% | +10.97% | +9.37% | 0.40 | -18.9% | - | ₹1.2K Cr |
| 12 | Aditya Birla Sun Life Retirement Fund - The 40s Aditya Birla Sun Life | +2.64% | +10.93% | +8.86% | 0.40 | -14.6% | - | ₹113 Cr |
| 13 | Axis Retirement Fund - Aggressive Axis | -0.95% | +10.84% | +6.58% | 0.30 | -21.0% | 1.29% | ₹722 Cr |
| 14 | Nippon India Retirement Fund - Wealth Creation Scheme Nippon India | -2.49% | +10.74% | +10.35% | 0.58 | -18.7% | 1.02% | ₹3.1K Cr |
| 15 | ICICI Prudential Retirement Fund - Hybrid Conservative ICICI Prudential | +5.47% | +9.91% | +8.62% | 0.49 | -4.7% | 1.06% | ₹91 Cr |
| 16 | SBI Retirement Benefit Fund - Aggressive Hybrid SBI | +3.49% | +9.70% | +10.81% | 0.67 | -14.5% | 1.14% | ₹1.6K Cr |
| 17 | LIC MF Children's Fund LIC | +5.82% | +9.38% | +7.59% | 0.34 | -19.5% | 1.51% | ₹15 Cr |
| 18 | HDFC Retirement Savings Fund - Equity HDFC | -5.48% | +9.10% | +11.56% | 0.74 | -16.1% | 0.97% | ₹6.9K Cr |
| 19 | SBI Retirement Benefit Fund - Aggressive SBI | +0.96% | +8.83% | +10.88% | 0.62 | -17.9% | 1.01% | ₹3.0K Cr |
| 20 | HDFC Childrens Fund HDFC | -0.33% | +8.80% | +10.11% | 0.61 | -12.4% | - | ₹10.3K Cr |
Ranked by trailing return (3Y where available, else 1Y) on funds with at least one year of history. Returns, Sharpe, drawdown and TER are computed independently from AMFI NAVs - see methodology. No paid placement.
Frequently asked questions
What makes a fund 'Solution-Oriented' rather than equity or debt?
It is a SEBI classification based on purpose plus a mandatory lock-in, not on asset class. Solution-Oriented funds are Retirement funds and Children's funds, each carrying a lock-in of at least five years or until the goal event (retirement, or the child reaching adulthood). Underneath, a single scheme may run plans ranging from equity-heavy to debt-heavy, so two funds in this class can have very different risk profiles.
How are these funds taxed?
Taxation follows the underlying portfolio, not the 'solution' label. A plan holding 65% or more in Indian equity is taxed as equity: short-term gains (held under 12 months) at 20%, long-term gains at 12.5% above Rs 1.25 lakh per year. A plan with under 35% equity, bought on or after 1 April 2023, is taxed as debt, with the entire gain added to income and taxed at your slab rate regardless of holding period. Always check the specific plan's equity allocation.
Does FindMF tell me which Solution-Oriented fund to buy?
No. FindMF is independent, free and login-free, and we never recommend buying or selling or label any scheme 'best'. We publish trailing returns, volatility, drawdown and other risk metrics computed from AMFI NAVs using a documented methodology so you can compare schemes and discuss them with a SEBI-registered adviser.