What is a Retirement Fund?
Retirement funds, also known as pension funds, are investment options that allow an individual to save a specific portion of their income for their retirement. These are the funds that invest a certain portion of the investment towards the investor’s retirement planning. 01
What is the Purpose of a Retirement Fund?
The primary purpose of a retirement savings fund is to create a balanced source of revenue for an investor when he or she does not have a source of income. Most pension funds offer the option to receive the returns as either monthly annuity or in a lump sum amount.
Some Retirement Investment options
National Pension System (NPS) Atal Pension Yojana (APY) Pradhan Mantri Vaya Vandana Yojana (PMVVY) Public Provident Fund (PPF)
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