A Target Date Fund (also called a lifecycle fund) is a mutual fund designed to automatically adjust its asset allocation over time based on a specified target retirement or goal date. Funds with distant target dates maintain a higher allocation to growth-oriented assets like equities, gradually shifting towards more conservative assets like bonds and cash as the target date approaches—a process known as the glide path. In India, SEBI's Solution-Oriented Schemes category includes Retirement Funds and Children's Funds that follow a similar glide-path approach, making them suitable for investors planning for long-term financial goals.
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