Retirement Plan for you
Are you Planning your retirement? Here we will talk about NPS(National Pension Scheme) which is one of the best retirement pension plan available backed up by the govt. 1. Mutual Fund A mutual fund is a type of financial vehicle made up of a pool of money collected from many investors to invest in securities like stocks, bonds, money market instruments, and other assets. To create wealth and to ensure financial future, invest in mutual funds for long terms that generate 12-15% returns 2. NPS The National Pension System is a voluntary defined contribution pension system in India. National Pension System is an EEE instrument in India where the entire corpus escapes tax at maturity and entire pension withdrawal amount is tax-free. Some Simple Facts: - you can invest starting from 500/month or lump sum of 6000/year - You can withdraw certain percentage of corpus at your retirement, which is considered as 60 years. - Interest rate varies form 10-12% - 40% of annuity can be divided ann...