The fund has a lock-in period of minimum five years or till retirement age, whichever is earlier.
ICICI Prudential Mutual Fund recently launched ‘Retirement Fund’, an open-ended retirement solution-oriented scheme
An increase of even 1% in inflation would imply that monthly expenses would easily cross Rs 1 lakh.
There is plenty to choose from when it comes to retirement savings, which can co-exist
Increasing life expectancy makes it necessary to start saving for retirement. What are you waiting for?
The EPF is a good retirement savings option for the salaried
Ideally you should keep insurance and pension separate
For part paying your loan, it would be better to use the funds that you have allocated for the short-to-medium term
Pension plans lead to long-term wealth creation and encourage dedicated saving for the retirement years
You can initiate an STP in any good performing fund from out Stellar List of funds
You have invested in a good balanced fund which has a proven track record and performance history to go by
Funds like Franklin India High Growth or SBI Magnum Multicap and ICICI Pru Focused Bluechip are good to invest in
If you are looking at safety, you can choose debt funds with exposure to only high-quality instruments