8 Things To Know About Retirement Plans

Amit Sethi

Pension Funds By AMCs

Pension funds offered by AMCs invest money in equities, debts, and other money-market instruments to ensure decent returns.

Pension Fund

Invest Via SIP

The SIP route offers ease, allowing investors to allocate a fixed monthly sum in small instalments, offering compounding benefits.

SIP

National Pension System (NPS)

NPS invests in a diverse mix of equity and debt assets, allowing investors to build wealth while protecting investments.

NPS

Provident Funds

Public Provident Fund (PPF), Employees' Provident Fund (EPF), and post office monthly schemes can also help build a retirement corpus.

Provident Funds

Annuity Plans By Insurance Firms

Annuity plans usually offer four variants: immediate annuity, deferred annuity, fixed annuity and variable annuity.

Annuity Plans

Immediate Annuity

These plans start paying the monthly pension immediately.

Immediate Annuity

Deferred Annuity

These plans provide monthly income after retirement, making them an ideal choice for working professionals and others.

Deferred Annuity Muralinath

Fixed Annuity

A fixed annuity guarantees the return for a specified tenure.

Fixed Annuity

Variable Annuity

The returns fluctuate based on market conditions, but they also have the compounding advantage.

Compiled By Himani Verma

Variable Annuity
Mutual Funds