Retirement solutions for investment

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Retirement planning plays a crucial role in every one's financial planning as broadly people are living longer. Moreover, with traditional retirement plans not sufficient to beat the draining power of inflation, investors need to look for new investment avenues with proper asset allocation.

 

With this in mind, we are providing you with 2 investment options where retirement solution is provided by proper asset allocation.

1. Tata Retirement Savings Fund NFO :

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Provides retirement solution by offering choice of asset allocation to investors based on their life stage & risk preference. An open ended scheme with 3 plans where equity component decreases as age increases.

Progressive     -  age upto 45 years    - equity component at least 85%. Moderate         -  45 to 60 years           - equity component at least 65%. Conservative  -  age above 60 years - equity component up to 30%.

On attaining 60 years of age, investors can withdraw 1% of the corpus monthly or 3% quarterly. NFO already open & closes on 21/10/2011.

2. National Pension System - An initiative by Government of India : 

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Any Indian citizen with a minimum age of 18 and maximum age of 60 can join. Tier I account - non withdrawable account  mainly for retirement  purpose. Minimum contribution for Tier I - Only Rs.6,000 per annum. Investment choice - Active choice & Auto choice. Choice of 6 Fund Managers. GOI contribution of Rs.1,000 per annum for the next 3 years, subject to certain conditions. Investment management available for a common man at lowest possible charges.