Retirement is an important goal but not an urgent goal. That is why 51% of the people in PGIM India’s Retirement Readiness Survey admitted that they have not done their retirement plan at all. The biggest reason behind postponing retirement planning is that people plan for positive opportunities but look at retirement from a negative perspective. According to Ajit Menon, CEO, PGIM India MF, the retirement plan ranks very low in the financial priority of the people. It is necessary to bring it up as you do not get any loan to meet your retirement needs, he added. It is important not to ignore retirement planning and understand how much corpus you will need for retirement.
Watch the full video to know more…
(Follow Money9 for latest Personal finance stories and Market Updates)
One of the trends that got accentuated during the pandemic was stays at small properties of five to 10 rooms in picturesque locations
In India, the segment of ETFs is slowly taking off and several mutual fund houses are offering ETFs to investors.
The NIP will help augment India’s productive capacity, contribute to our overall growth and bring down the logistics costs, improving competitiveness
Diversification is key and should be followed for stable and steady returns in the long run.