FinVise India
Jun 6, 20191 min
Brief description of investment options chosen
for Retirement –
PPF – A government-backed fund that invests only in government
bonds. Provides tax saving.
Equity Mutual Funds – Invests in the shares of various companies
listed on stock exchanges, chosen by professional Fund Managers after careful
and thorough research & analysis. Provides tax planning option.
Debt Mutual Funds – Invests in a mix of Government bonds,
RBI bonds, State bonds along with various bonds from deeply researched
companies. No Tax saving but lower tax than FDs.
NPS(National Pension System) – Invest in a mix of Stocks, Government
bonds, and Corporate bonds. Tax saving over and above the other sections
Insurance policies – Not suitable at all, as the returns do
not even match inflation and you don’t get the adequate life insurance. Only
pure term plan should be chosen, which is cheap as well as provides proper
insurance cover.
Returns from various investment options and allocation to your retirement portfolio –
But how it is planned –
Bottomline –
Although
It is a very healthy sign that most of the people are concerned about
retirement and really want to plan for it but lack of awareness and not enough
guidance puts the plan in jeopardy.
People often choose inadequate financial products for their retirement. With the assistance of experts & professional financial advisor, the journey of retirement planning will become really smooth.
For more details on Mutual Funds, Financial Planning & Personal Finance contact us at
Phone No. 9582250638
Email id: contact@finviseindia.com
Visit our website: www.finviseindia.com
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