NPS (New Pension Scheme) was bad – I have rubbished it enough, but as if all that was not enough, the Parlimentarians have tried to make it worse. Why should a fund management company have only 26% FDI beats me. Stumped is the word. In the 1990s we allowed 100% FDI in Mutual funds, [...]
Thanks to being an author of a book on Retirement, this question is something that I HAVE TO TACKLE at least once a day if not more than once a day…. Well here is my take (and it is very different from what everybody else in the business has to say): 1. Employees Provident Fund [...]
Normally the Avenues for Retirement Planning for the Indian population would be the following: PPF , PF, EPFO , Mutual Fund Pension Schemes, Retirement Planning products from Insurance Companies, bank fixed deposits and post office schemes. A very small part of the population created its own customized Individual Products. This could be a couple of [...]
Buffer Against Market Volatility The investment pattern is adjusted to growth and security. It protects against market volatility by allowing a subscriber to invest in a diversified and balanced portfolio. To retain his pension corpus for 10 years after age 60. Between the ages of 60 to 70 , the subscriber can withdraw his savings [...]
A brief history of why the National Pension Scheme was created: The Forgotten Population The aged were not considered relevant People spent a small time in retirement – the gap between the retirement age to the living time was not much. They constitute the invisible population, financially dependant and passive in the [...]
NPS was launched in the year 2004 by the Indian government as a defined contribution pension system. This was the time that the government realised the folly of the indexed pension that it All employees who joined the Indian government service from 2004 come under this scheme. The previous defined benefit pension system for government [...]