PFRDA has hiked investment limit in debt securities by pension funds, while also asked funds to do further due diligence and not just depend on credit ratings agencies
The SC ruling may impact your in-hand salary, especially if your basic salary is below Rs 15,000/month. We measure the impact
Our view is VPF is good for people above 45 years. For youngsters, there is little merit in having large debt allocations in the form of VPF even if the interest rate is 8.65% and tax free
The fund comes with four different investment plans, five year lock-in and automatic switch between different investment plans without lock-in or entry/exit loads
The government announced key changes in NPS making withdrawal entirely tax free, hiking equity limits, and also bringing it under Section 80C for govt employees
Retirement planning has been made complex by the rising healthcare costs and a consumption economy funded by EMIs, leaving very little for retirement savings
The lack of saving is likely linked to low knowledge of how much money is needed in retirement, as well as many prioritising their immediate financial needs over for retirement
You can calculate your EMIs, FD returns, RD returns and SIP growth using our free calculators. You can also figure out how much you need to save for specific goals or retirement.
The EPFO has mandated that withdrawal claims above Rs 10 lakh and EPS claims above Rs 5 lakh should be made online
Financial planners typically assume a lifespan extending up to the age of 85
