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