The ongoing downturn in benchmark equity indices has resulted in a decrease in the average annual returns of the National Pension System (NPS). Since September 27, 2024, both the Sensex and Nifty have dropped by more than 17% and 18% respectively. The decline in the Nifty 50 index has impacted long-term gains, causing concern among … Read more
The recent downturn in equity benchmarks has had a significant impact on the annual returns of equity investments in the National Pension System (NPS), which have now decreased to 10.89% as of February 1, based on the latest data from the Pension Fund Regulatory and Development Authority (PFRDA). The decline in benchmarks by over 10% … Read more
Awareness regarding retirement planning is on the rise in urban India as more individuals are recognizing the importance of starting early. For those seeking to maximise their returns, transferring funds from an Employee Provident Fund (EPF) account to a National Pension System (NPS) account could prove to be a game-changing decision. While transferring funds from … Read more
The Atal Pension Yojana (APY) was introduced in 2015 to provide a guaranteed pension of up to Rs 5,000 to its subscribers. The scheme offers five fixed pension options: Rs 1,000, Rs 2,000, Rs 3,000, Rs 4,000, and Rs 5,000. Individuals aged between 18 and 40 can enroll in the scheme, ensuring a secure pension … Read more
The Centre is looking at comprehensive changes in its social security schemes under the Employees’ Provident Fund Organisation that could enable subscribers to contribute for higher pension. Additionally, it is also working on a revamp of the IT systems of the EPFO for a more seamless and efficient services to subscribers and easier withdrawals. According to … Read more
Many individuals aim to achieve the status of a crorepati, aiming to acquire wealth to the fullest extent possible. Yet, a significant portion of the population believes that reaching this goal is out of reach, leading them to neglect efforts in that direction. This can be debated. By committing to saving even a small sum … Read more
I am 58 years old and I work with a private firm in Bangalore. I have invested in equities and equity mutual funds earlier. But now my wife wants us to save a part of our savings with fixed-income and non-risk funds for our retirement. My wife is a housewife and our daughter is in … Read more
Union Budget: In its list of demands to Finance Minister Nirmala Sitharaman, the Association of Mutual Funds in India (AMFI) has asked the government to allow SEBI-registered mutual funds to float pension-oriented mutual fund schemes with tax benefits under the prevailing tax regimes. In a note to the government, the AMFI said the mutual fund … Read more
Recently, the National Pension Scheme (NPS) completed 15 years of it existence. Launched in 2004, the National Pension System (NPS) serves as a robust investment avenue for individuals aiming to build a substantial retirement fund, complemented by the prospect of receiving a pension thereafter. It not only facilitates financial independence in your post-retirement years but … Read more