Tracking your investments is important to avoid over-diversification
No additional diversification is provided by investing in more funds beyond a point. Tracking is important.
How to open NPS Tier II account
To open a Tier II account, it is mandatory to have a permanent retirement account number (PRAN) and an active...
Pension funds are allowed to invest in overnight mutual funds under NPS
Recently, SEBI has come out with guidelines for the introduction of e...
Employee association of CIL, SCCL to go on day-long protest over lack of pension reforms
The association says that pension of Coal India Ltd (CIL) and Singareni Collieries Company Ltd (SCCL) employees has not been reviewed since 1998 despite a provision requiring a review of the Coal Mines Pension Scheme (CMPS) every three years.
Global pension funds are eyeing Bengal's real estate market
With REIT opening up giving these foreign funds an opportunity to exit, the existing private equity funds such as KKR, Blackstone, JM Financial and Xander are also looking to increase their exposure in West Bengal's retail and logistics space, avers realtor Pradeep Sureka, vice president, Indian Chamber of Commerce.
How pensioners can submit life certificate online
If you are a government pensioner, November is the month when you will be planning a visit to your bank or post office to physically submit ...
Do you need a retirement mutual fund to take care of your sunset years?
Many big mutual fund houses like HDFC MF, Nippon India MF, and Tata MF, have dedicated retirement schemes. However, many mutual fund advisors believe that investors don't need them.
HDFC Life launches video life certificate facility for pensioners
A life certificate is a document that needs to be submitted by annuitants to continue receiving their annuity, without interruption. The life certificate needs to be submitted at specified time intervals after getting it verified from a bank.
Financial sector firms pitch for tax break, GST reduction at pre-Budget meeting with FM
In a pre-Budget meeting with Finance Minister Nirmala Sitharaman, representatives of financial sector and capital markets also highlighted the need for governance changes in public sector banks (PSBs) with special focus on recommendations of the P J Nayak Committee.
Reliance Capital Pension's registration under NPS cancelled: PFRDA
With this, the pension fund is no longer available for subscription under NPS. Earlier this year, Reliance Capital had surrendered its NPS licence. It was one of the 8 companies registered under NPS to manage funds from the private sector.
How government pensioners can submit life certificate online
It is mandatory for government pensioners to submit the life certificate (Jeevan Pramaan Patra) at the disbursing authority, usually at the bank. However, pensioners now also have an option to submit the life certificate online.
New valuation norms to make debt investments under NPS safer
As per the circular, when new security is purchased for which market price is not available on the same day, then such a security will be valued on the basis of scrip level price/ scrip level yield at which the securities are purchased.
Negative rates can do a lot more damage yet: a Nordic warning
In August, the global stock of assets trading at negative yields hit $17 trillion.
FASTag will hasten road assets sale, says NHAI
Foreign pension funds and private equity funds were showing more interest in India’s highway road assets within the infrastructure space given the policy issues involved with various states in other infrastructure asset classes, Asheesh Sharma, member (finance), the National Highways Authority of India (NHAI) said.
NPS pension benefits are not same for voluntary and normal retirement
When a person retires earlier, it is normally expected that his/her post-retirement life would be longer (unless one takes up a second career). Consequently, the person would be expected to need more money to sustain post-retirement.
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