86% of those enrolled in NPS felt far more confident about their retirement as compared to 74% of those who had not joined the NPS ecosystem
Corporate subscribers are largely voluntary, which means they can choose other investment alternatives. That they are choosing to put aside a part of their monthly income in NPS is testament to its rising popularity for retirement planning and long-term investing.
Off-late, pension funds have been trying to invest in asset classes with handsome returns and where these funds have never invested before.
The mass dropout signals a rising cost of living, squeezing out the ability of the poor members to pay monthly contributions to the scheme
The dynamics of retirement are changing fast. Life expectancy is on the rise, and so are medical costs and lifestyle diseases
Mohanty noted that guarantees come at a cost, albeit with relatively lower returns. Staying invested in markets for the long-term is bound to deliver handsome returns.
In order to fulfill the investment aim, the investor must evaluate their portfolio and minimise allocation in products that are underperforming
Of the 12.76 lakh net subscribers added during April, around 6.89 lakh new members have come under the social security coverage of EPFO first time
Banks, NBFCs and other financial institutions offer simple and convenient fixed deposit schemes for senior citizens
The Pradhan Mantri Shram Yogi Maandhan Yojana was launched with an aim to secure the future of the unorganized sector in India