Category Archives: Opinion

NPS updates: Two New Life Cycle Funds and a New Asset Class

PFRDA, in its circular dated November 4, 2016, added two more options of life cycle funds under Auto Choice option viz. Aggressive Life Cycle Fund and Conservative Life Fund. These options are in addition to Existing life cycle fund (Moderate

Beware of low interest EMI schemes

You visit an electronics store to purchase your favorite gadget.  At the time of payment, you notice an EMI offer at 4% rate of interest. You need to pay EMI for 12 months. You get interested. After all, you can

Retirement Planning: Pension plans or Mutual Funds?

Plan to start saving for your retirement? Where should you invest? Let’s look at various products where you can invest in. Defined Benefit Plans from Employers Pension plans from Insurance Companies National Pension Scheme (NPS) Retirement Plans from Mutual Funds

PFP Primer: What are Monthly Income Plans (MIP)?

The name “Monthly Income Plan” is certainly a misnomer.  There is no guarantee of monthly income (and the quantum of income).  Hence, MIPs are nowhere similar to Post Office Monthly Income Schemes (POMIS). What are Monthly Income Plans (MIPs)? Monthly

A Dynamic Asset Allocation fund can be an all-weather friend

“The markets have already run up so much. Should I invest now or should I wait for a correction? ” If you think the same way, you will probably just keep waiting. If you are finding it difficult to invest

How to exit NPS?

NPS tax benefits How to shift NPS account

A subscriber can exit NPS due to following reasons: Superannuation (or retirement) Turning 60 (All Citizens model) Premature Exit Death How do you exit NPS? Are you aware of the exit process? PFRDA came out with a circular in November

Product Review: ICICI Home Safe Plus is a useless product

You want your family to inherit your house, not your housing loan. To ensure this, many purchase a term insurance plan when they take a home loan. Proceeds from the life insurance plan can be used to square off loan

How Insurers are making mockery of Health Insurance Portability?

When it comes to health insurance portability, porting is not your right. Insurer commands a lot of discretion. I have already mentioned in my earlier posts that health insurance portability is only for young and healthy. In this post, I

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