An open ended retirement solution oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier). This is a notified Tax Savings Cum Pension Scheme which invests a minimum of 80% of the portfolio in Equity and Equity related instruments.
Correspondingly, which SIP is best in HDFC?
Here is a List of Best HDFC SIP Mutual Fund Plans
| Fund Name | Category | Returns |
|---|---|---|
| HDFC Mid-Cap Opportunities Fund | Equity: Mid Cap | 9.88% |
| HDFC Hybrid- Equity Fund | Hybrid:Aggressive Hybrid | 9.95% |
| HDFC Top 100 Fund | Equity: Large Cap | 7.78% |
| HDFC Small Cap Fund | Equity: Small Cap | 11.01% |
Also, how do retirement plans work?
From the day you buy a retirement plan, you contribute a certain amount to it on a regular basis. When your income stops on retirement, you start getting a steady income at regular intervals from your retirement plan. Very often, these plans also provide life insurance cover.
How do I get a 50000 pension per month?
Suppose an investor begins investing in the NPS at 30 years of age to receive Rs. 50,000 as pension amount per month post-retirement around 60 years of age. The amount he/she needs to invest per month will be approximately Rs. 12,500 to fetch a pension amount of Rs.
Is HDFC pension plan good?
The best among HDFC Life Pension Plan generally varies as per the policyholder’s needs. … It is a non-participating deferred pension plan which has assured benefit on death at maturity. The plan provides guaranteed additions which are included per year and lump sum vesting inclusion is payable at the time of vesting.
Is SIP better or lump sum?
If you are an investor with a small but regular amount of money available for investment, SIPs can be a more suitable investment option. For investors with a relatively high investment amount and risk tolerance, lump-sum investments may be more beneficial.
Which SIP is best for 5 years?
Best SIP Plans for 5 Years in Equity Funds
- Axis Bluechip Fund Monthly SIP Plan. This is an open-ended equity scheme with a track record of outperformance. …
- ICICI Prudential Blue chip Fund. …
- SBI Blue chip Fund. …
- Mirae Asset Large Cap Fund. …
- SBI Multicap Fund.
Which SIP gives highest return?
The table below shows the best equity funds:
| Mutual fund | 5 Yr. Returns | |
|---|---|---|
| TATA Digital India Fund DIRECT Plan Growth | 29.04% | Invest Now |
| PGIM India Global Equity Opportunities Fund – Direct Plan – Growth | 22.78% | Invest Now |
| NIPPON INDIA PHARMA FUND – Direct Plan – Growth | 18.35% | Invest Now |
How can I retire with no money?
3 Ways to Retire Without Any Savings
- Boost your Social Security benefits. The great thing about Social Security is that it’s designed to pay you for life, and a higher monthly benefit could compensate for a lack of retirement savings. …
- Get a part-time job. …
- Rent out part of your home.
What is the safest investment for retirement?
No investment is entirely safe, but there are five (bank savings accounts, CDs, Treasury securities, money market accounts, and fixed annuities) which are considered the safest investments you can own. Bank savings accounts and CDs are typically FDIC-insured. Treasury securities are government-backed notes.
What are the disadvantages of retirement?
Some Cons of Retiring Early
- It could be bad for your health. …
- Your Social Security benefits will be smaller. …
- Your retirement savings will have to last longer. …
- You’ll need to find health insurance. …
- You might get bored and miss working.