Best systematic investment plan in india 2014

Jagoinvestor - Personal Finance Blog. Manish Chauhan Comments.

What is SIP (Systematic Investment Plan) - Best SIP Plans in India

What are pension plans and how do you identify the best pension plan in India? Is it the LIC pension plans or some pension plan policies from pvt companies or some unit linked plan from companies claiming to provide you with Rs. In this article we will see some of the disadvantages of pension plans in India and how they work. A lot of investors think that retirement pension plans are the only way to go; and if they do not invest in these products today, then they will miss out on something.

Before I move ahead I would like to coin two terms used in Financial planning which are very easy to understand. You start getting pension later in life. This phase refers to period when you start withdrawing money from your already accumulated wealth for consumption purpose. Let me start by taking about pension plans and their types.

There are mainly two type of pension plans at broad level. Most of the pension products in india are sold by LIC and all the private companies are deferred pension plans. Once you retire, then you start getting pension income. You can see these types of plans all over the market.

Some examples are LIC Jeevan Tarang, LIC Jeevan Nidhi, Bajaj Allianz Swarna Raksha ROCNew Pension Scheme NPS. These products are called immediate annuity plans because they start paying you the annuity right from day one once you make a lumpsum payment. So if a person wants a monthly pension and has huge lumpsum money, he can buy an immediate annuity plan and start getting pension. Also you can choose to put money in real estate.

A regular SIP in an equity diversified mutual funds should give much better returns then accumulation in a pension plan read unit linked products. The core function of a pension plan is to give you pension. But do you know how much returns you will get out of your pension plans when time comes for retirement?

A lot of pension products do not give a clear idea on how much will you get at the end. What will you do? The same is true for NPS. One major I mean MAJOR DRAWBACK is you have no clue what will happen once you finish the accumulation stage and go on to the withdrawal stage. Let us say you have accumulated Rs.

Let us say you ARE FORCED to invest Rs. Well depends on what you are capable of doing with your own money! At this point of time, the better alternatives would be old fashioned products like Post office monthly schemesFixed deposits with monthly payouts or even senior citizen savings scheme.

Almost all the pension products are rigid in taxation and what you can do with your money at the end. What if I want all my money for some reason at the end? So why do you want to pay high fees for these products?

I hope you have got a fair understanding of what are pension plans in India. November 16, at 9: Kindly provide me your opinion on Tata AIA insurance plan. My bank relationship manager is pressing me to take a pension plan scheme from this insurance provider. Is it a reliable firm to invest your money. November 16, at 3: November 17, at 9: My understanding it is a term plan. First 12 years you have to pay premium. Next 12 years they are promising guaranteed sum yearly.

November 26, at 6: June 26, at 9: I am 33years of age and working in pvt. I want advice on a good pension plan. Is HDFC personal pension plan a good option to go? July 7, at 1: April 27, at 2: Hello, I am 29 yrs old and works in a Private org and earns well. Thinking about a plan where I can invest k per month and should get returns from age. Plans with Less impact on Market fluctuations is been prefered.

Can You suggest me some? April 2, at 3: Hi Manish, What are you thoughts on Pension plan that gives guaranteed benefit and some variable bonus. I got some illustration of BSLI Vision LifeIncome Plan which claims for premium 2 Lakh for 16 years gives first return of 17 lkh on 16th year and then for rest of the life 2.

April 5, at 3: Calculate how much is the IRR of the policy! POlicies use the language which sounds good to ears! March 17, at Thanks for the article. I have been paying premium for ICICI Pension Plan II maximizer from IRDA policy that buying annuity is must for Pension Plans apply to even old pension plans i. My question — Is IRDA policy that buying annuity is must for Pension Plans apply to even old pension plans or it applies to only newer pension plans which are offered after annuity rules were announced?

I think all the pension plans have this component that some part has to be invested in annuity. Is it not written in your policy document? February 16, at 5: I am planning to buy a retirement plan for myself.

I am currently 28 years old. I would like to generate regular income after 45 years. Can you please suggest me a right path for me to input my funds? I have read the discussion and came to know SIP is the best one compared to pension plans? Can you email me your opinions and we shall have a discussion on this.

February 20, at 7: We can surely help you on this and also advice youplease leave your details here http: May 21, at 3: Hi Manish me too planning to buy a retirement plan for myself.

I am currently 40 years old. I have taken LIC Jeevan Anand Policy in April for ten yrs and it got matured last month. Now I have around 13 Lakhs rupees to invest for my future Financial life. I am Single and planned to get married later this year. My father is a pensioner and my mother is a housewife. I do Not have any Dependents on me nor do I have any financial liabilities. I request you to kindly share me the best Retirement policy. I want to invest my LIC policy maturity money in that for my family future needs.

June 3, at Do one thingfill up your details at http: June 4, at 8: I will update my details in the link provided by you.

But currently i am not able to Login into JagoInvestor. I will respond to you as soon as I am able to Sign into JagoInvestor. I will mention to your team about the retirement plan.

June 6, at June 6, at 1: Dear Manish I have entered my details in the Mutual Funds Account form and I got confirmation mail from Nandish too. February 11, at 4: Good article, Thanks for all the information. I found 1 interesting plan, BSLI Vision life insurance. I am not really aware of each nity-gritty of these plans. Each company provides their different options.

Need your expert opinion, also need your help for better instruments for maximum returns. February 20, at 8: We can help you on that.

March 12, at 7: Hi we r planning to take pension plan ,can u sugest what will be best plan for me ,my age is 37 year,and private jobs in missile mangment. March 13, at 1: February 6, at Hi manish ji, I am 28 years and i want to invest 3 thousands per month for now and my main moto is to get good return in future so can you please tell where to invest and in which scheme i should invest please help me with this.

I want to know specially the SIP plans for Mutual fund. February 21, at 4: I can see that you are interested in investing in mutual funds. I want to share that now you can invest in mutual funds with Jagoinvestor as your advisor.

Find more at http: January 29, at Very informative for a layman like me. Iam willing to invest appx k every month for next 10 years. I was looking for a pension plan, but Iam open to better suggestions. Iam only worried that my money need to be secured. Please suggest what do I need to do? January 28, at 3: I am investing Rs: Please could you confirm, its good to continue investing money for next 5 years?

Waiting for your response. January 25, at 8: Sir i am 26 year old. I am working in psu. Nps is available here. Nps is not too good… Sir how much money i invest in pension plan or which company. January 25, at January 23, at 7: Manish — what is the best investment at the age of 52 to secure my retirement age. Mutual funds or retirement plans? There is no one answer to this.

Mutual funds can be surely used as the investments for setting up retirement pension. Even retiremnet plans can be bought for that.

January 20, at 7: Dear sir very nice n informative article abt pension plan. It clear all my dought abt pension plan. Thank 4 ur article. January 9, at 7: I AM 40 YRS.

BUT MAY NOT CONTINUE THE JOB. CAN INVEST AROUND 1 LAKHS IN AN YEAR. January 12, at 7: You can look at pension plans from HDFC. Let us know if you want us to schedule a call for you with HDFC on this. December 11, at Currently i am working in gulf. I am 42 years old. I just joined in zSBI life retire smart pension plan. Half yearly premium of 3lakhs for 5 years. I will start getting pension after 10 years. Lock in period is 5 years. Do you think it is better option than bank FD for my retirement.

December 28, at 2: It depends on how is the performance of the fund till now. What is the IRR Of the fund till now? December 7, at 6: I HAVE ICICI PRU IMMEDIATE ANNUITY PENSION PLAN YOU ARE REQUESTED TO SEND PRESENT ANNUITY RATES WITH OTHER DETAILS.

THANKS, WAITING FOR YOUR FAVORABLE REPLY. WARM REGARDS, PARMANAND JETHANI. December 8, at This is very specific query which you should follow up with the concerned authority only. We wont be able to comment on that. December 20, at December 5, at Which is the best way of investing my gratuity amount when I retire for future. It will be a good amount. Immediate annuity with a one time premium or 5 years premium for monthly benefits.

December 8, at 1: We generally suggest creating dividend income from mutual funds and combination of FD. I think you should discuss this in detail. We can help you with your retirement planning if you feel thats a good idea. You can look at our service for that — http: November 15, at 6: Please advise which is the best product can be followed and also review about the SBI-Life-Retire-Smart-Pension-Plan.

You should do an SIP in mutual funds to build a corpus for that. I do not recommend going with the pension plans.

November 16, at September 22, at 1: Hi Manish, First of all Thanks For Financial awareness campaign. I am 30 years old. I want to invest PM. I have already a SBI Life yearly premium of 50, per year. I want to get at least 15, PM as pension after 50 years. Please advise which financial institute or mutual fund will be better for me to achieve my goals. Also please suggest if I can continue the SBI Life Plan. September 27, at September 13, at I am an NRI presently working in gulf I am 46 yrs and planing to retire by 52 ie 6 yrs.

I have recently constructed home and rent out a portion for 40kpm. Also I have FD of Rs 50lacs. My kids are in grade 9 and I would like to know howto. September 17, at Looking at your query, I think your case is complicated and you should discuss and consult a financial planner, because just a random answer will not help you at all. If you are interested, I suggest you look at our financial planning service also and fill up the form there to have initial discussions.

August 31, at 9: Hi Manish, Thanks for your Financial awarness campaign for the common man. As suggested,if mutual fund through SIP is a good route for retirement planning, what happens if the market crashes or economic slowdown during our retirement stage? How to be on a safer side? September 2, at 1: You dont wait till your retirement for withdrawal, you will start shifting it to safe option before few years!

August 27, at 1: I am 39, working in a private company with a package of 10LPA. I have a home loan of 30Lac and invest in LIC life cover policy of 20K yearly. Kindly suggest me the best Pension Plan and SIP suited to me, to invest in.

August 30, at August 26, at 7: I read you article, I changed my mind and will not be investing in pension plans anymore. Thanks for your efforts in making people understand. August 19, at 2: Best pension plans in india-It is a great article and eye opener for those who are not much aware about financial planning. You are doing a great service to society by spreading financial awareness among people without taking any fees where there is so much mis-selling of financial products.

August 30, at 3: August 2, at 9: Thanks for the articlehave changed my mind of investing in retirement funds after reading this article. September 6, at 5: July 29, at Hi sir, So plz help me to find a way to investment.

I m now I m a wb govt employee. Next year I will get married. I have a hobby to explore various places. July 30, at July 26, at Sir I have taken LIC wealth builder plan with following features: Locking period is for 5 years. Shall I continue the plan for 20 yrs investment or take out money after 5 yrs. I am 31 yrs old and this investment is purely for retirement pension purpose; so my intent is to allocate the maturity amount to Post office saving scheme.

Please guide if I can plan better than the present investment and also your due diligence on Wealth builder plan SBI life. July 30, at 1: July 21, at 5: I m 35 years now ,need your advise on retierment planningwill retire on 45th yeari can invest for next 10 year from now and i m aiming to have a monthly July 30, at 3: I suggest that you invest it in equity mutual funds for 10 yrs through SIP.

We can get you started and help you in that. July 21, at 6: I am 36 year old and an NRI. I have two plans and wanted to discuss with you whether I should continue these or not? If discontinuing, will I be getting my money back or how much part will be returned.

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Happy to have a private conversation if you can guide me through. I am paying annually in two installments. Current fund value is around 4 lacs. Paid 3 yearly installments of 55, July 20, at 9: Hi Manish, I have 2 questions 1.

I want to purchase pension plan for my Father 56 and Mother 49 who are already retired. Premiums will be paid by myself. I am an NRI working in GCC my goal is to purchase house in Mumbai by worth 45 lacs. At present I am willing to invest in NRE FD but later would like to invest in mutual fund but dont have any knowledge of MF. I suggest you go for full financial planning which will help you in structured manner — http: July 10, at Thanks a lot sir.

I am now at 40, I want to invest Rs to per month for next 12 to 15 years, can u suggest me which one of these options is best for me. I should mention i need at the end of annuity period at least 25 to 30 lakhs ruppes. The options are A Public provident Fund B Mutual Fund C Index Fund. July 13, at 8: Dear SSRIMANY, For Years term you can choose Diversified Equity Mutual Fund via SIP route.

You can expect reasonably good returns when compared to others. July 16, at 8: June 30, at 3: Was looking to buy Pension plan from HDFC that is when i found your article. My plan was to invest 1. My age now is 36 years and i can invest for the next 10 years at the same rate. Can you give me a option other than this plan. I have no problems to invest in options with high risks however i am not very good at stocks.

July 17, at 5: August 18, at 4: May 14, at 7: Hallo Sir, For days I was trying to understand what is annuity in pension scheme and overall pension scheme.

Your above article is too simple and highly informative, it has clarified both how it functions as well as its dis advantages. May 29, at 3: April 29, at 5: I want to invest RS. Which Plan is best for me which Bank or Financial institute will help me. May 5, at 7: April 27, at 1: I can only invest only for 5 yrs to May 5, at 8: Thanks for nice article Manish, I took SBI Smart Elite Plan yearly 2 lakhs for 5yrs …not sure how good this is?

April 12, at Ihave licsJeevan suraksha since Annuity vestingis in should i conti ue or surre der. Another licpolicy is jeevan surabhi maturing in yr April. April 24, at April 11, at 4: Dear Sir, It is indeed an eye opener, I was about to invest with HDFC retirement plan and after reading your article and others opinion better to go for SIP mutual funds. April 11, at 3: I am investing Rs annually in LIC Market plus pension plan. I am having Life cover and accidental death cover of 5lacks and 10lacks respectively.

I have started the plan in and current return is 5. What should I do? It is advised to wait long term to get market benefits. March 17, at 1: March 16, at 6: I want to touch upon below points. Annuity plan is aimed at regular stable income through his retirement age. Given the increasing life expectancy, a person may live around 30 years after retirement. Annuity gives a stress free option of regular income through-out his life.

And once purchased you are locking that monthly annuity income through out his life. This is not the case with fixed deposits of banks. The interest rates vary. Hence it is a trade off between higher return and stable income. Rigidity of the annuity plan is for a reason as mentioned above. So that you cannot mess around with your corpus during your retirement age. Though it may not happen with PSU banks as frequently as private banks, the banks always have default risk.

I have not seen insurance company shutting their shop or an insurance company winding of their operations had an impact on money of the customers. So not all but a part of your retirement corpus can be assigned to annuity plan, so that you have stable income, which is very important during old age.

With very strict PRFDA guidelines for investing in stocks to the fund managers, the equity component has lower risk compared to a diversified equity mutual fund. NPS gives you the best of two financial products i.

With mutual fund kind of investment strategy and lowest expenses compared to all other pension, ULIP plans and even mutual funds all being backed by a regulator PFRDA. The recent tax deductions, makes it even more attractive investment option for your retirement.

March 19, at 2: March 2, at 4: And at that juncture either elder person is made to agree or he get agreed emotionallywhich infinity blade 2 best way to get money out to be placing money in high risk option. If someone think, he need 1,00, then it would be prudent to plan 25, coming thru NPS. March 8, at 6: Thanks for your sharing your valuable comment on this topic.

Please keep sharing your views in future also. March 9, at February 23, at 7: February 24, at You can invest in mutual funds for long term. Let me know if you want to invest through us? We can help you in this. March 3, at Thanku manish ji for your reply, I would like to invest through you so please tell me everything about this and i have only 30 days left in india so please make it asap.

March 8, at 5: February 12, at 2: February 13, at June 19, at 4: June 27, at 6: That will require dedicated talking and planning. You can check out services on that — http: February 10, at 3: February 13, at 3: February 5, at 4: Hope you are doing good. I am new to job and have less knowledge about investment plans. I am looking forward for a long 30 second binary option brokers crash plan years with 60K annual premium, just to get a good amount in return and tax savings.

How is the Future Growth plan by Bajaj Allianz and Click to invest by HDFC. Is it good to take these type of plans for long period of time? Also, what is the minimum guaranteed amount i can get from these plans if I invest in these. February 6, at 2: HDFC Click2Invest is fine as there is no charges in that, its ZERO. However note that its a equity linked product and guaranteed return is not possible.

January 27, at 1: Dear Manish, I am 32 year working. I am in big dilemma what to do about my pension plan. I took HDFC classic pension life insurance in julyfor 27 years premium HY. I came to know since mid new polices drafted by IRDA. I have 2 questions please help me. What is your choice to continue or not? February 2, at 9: I think you should surrender and get out of this. I m 51 years old and my wife is completing 44 years. I am expecting approx 7. I understand service tax is not refundable to our nominee.

As per life expectancy india ,male life expectancy at 50 yrs is 73 yrs, internal code of conduct for stock brokers life expectancy at 45 yrs is Interest payable half yearly. I do not know any product providing guaranteed returns for more than 30 yrs. There are products in the market offering better returns for smaller period.

RBI has recently started reducing interest rates expecting lower inflation, indian economy is integrating with world economy. Due to medical advancement life expectancy is also getting increased. I suggest you go down to the level of your financial goals.

December 30, at 5: Nice article on pension plans. Please advice — iam 31 years old, iam ready to invest upto on monthly basis for how to become a good stock trader to 20 years.

Kindly let me know the best place to invest for higest and safe returns. January 1, at 5: Anything promised above FD return if like a scam. Dear sir THIS IS IHE FIRST TIME I AM WRITTING THIS LETTER,IN YOUR SITE. RIGHT NOW I AM WORKING IN LUANDA, ANGOLA. SO FOR NO PLAING. NOW AT THE AGE OF 51 I AM THINKING WHAT TO DO AFTER SIXTY YEARS. MAY BE ANOTHER 7 TO EIGHT YEARS I MAY WORK OR UP TO AGE OF SIXTY.

HELP ME BY ADVICING SINCE ALREADY IT IS LATE,MY WIFE IS 45 YEARS OLD,WHAT TO DO FURTHER SAVINGS FOR BOTH OF US. THANKING YOU VAKKIL SATHEESH KUMAR. December 26, at 5: You can save your money in mutual funds at this point binary stock market trading ppt in india-ppt time.

I think we can help you on this with respect to your financial planning — see http: December 4, at 4: Hi, i have saved amount of 4. Now market is high so no mutual funds, what to do? And i left option of pension scheme after reading ur article. December 27, at November 19, at I stumbled on this article is quite timely.

This analysis is exactly what I was expecting to read.

I have invested six annual premiums in HDFC Pension Champion with four more to go I am 56 now. I am now thinking if it was the best retirement investment option for me. November 21, at I am not sure exactly what your situation isand how much will you get back. But surely you are not into the best option. August 21, at 5: This was really a nice article.

I always remains in puzzle about these investment plans. Actually I have invested in ICICI prulife pension plan — Life stage assure plan for last 4 years. Should I continue to this because I am not finding any promising returns rather I am thinking to switch over to PPF.

Also I would like to seek your advise about Mutual funds. How should I select those. ICICI Prudential Life Insurance. August 22, at 6: We are sorry to hear your concern. We request you to help us with your contact and policy details to assist you. Alternatively, you may also post your concern along with your policy details on https: Post receipt of the requirement, our representative will get in touch with you within 48 hours.

September 20, at 5: Surely you can invest in debt funds or balanced funds. But first understand what are these products and only then invest. July 23, at 4: I have another query- I need to start retirement planning and am Considering that I have 24 years more to retire, what is be the best retirement mutual fund SIP plan you would suggest for me to forex trading basics wikipedia consistent and max returns over a year horizon- can you recommend any good fund for me?

September 21, at 1: There is no single fund which you can invest for 24 yrsYou will have to review them from time to time. For such a long termyou can invest in indix funds.

November 21, at 5: I started the HDFC Pension Champion when I was Annual premium is Rs. The term is 10 currency rate nz to aus 4. The current Fund Value of my investment 10 lakhs is Stock market gainer. No surrender charge after the 5th policy anniversary.

Growth of capital 2. Safety of capital 3. Best retirement pension option 3. December 3, at 9: July 14, at 4: Fine as you advise. I shall keep it. Also, I have another query- I need to start retirement planning and am WConsidering a 24 year period, which is desktop tickers for stock market best retirment plan would you suggest for me to generate consistent and max returns?

September 21, at 9: As an asset class, you should be in Equity with lesser charges. ULIP also is an equity class product, but comes with higher charges. So better invest in mutual funds or direct stocks. June 19, at 3: The maturity period of my ULIP is stillbut if I want I can withdraw the corpus even now.

Would you recommend I continue it or withdraw the corpus, close the ULIP and put this in a monthly SIP of a good MF? I would very much appreciate your expert opinion on this which will helpme plan my exchange rate australian dollar to pound history in future. July 3, at Its not a great return over all. Its an average return I would say, but then ULIP;s are like that and you are actually lucky to get a positive return.

I think you can keep going. May 20, at This is very useful article. Please suggest me the best pension policy. May 29, at 1: May 3, at 9: I have a question about Pension plan. Say is it possible that I buy an immediate annunity plan every year.

Are there any hurdles in it? May 7, at 3: May 10, at Thanks for the reply Manish. I have 4 reasons for doing so as listed below. Please correct me if I am wrong. There is no surety of job for next years, so I dont want get into market maker forex strategy deferred annuity plan where if I fail to pay the premium because of job loss, I may have to pay penalty.

These companies are no better than builders who will use the same reason to play against me. Even If I have the job for next years, there may be conditions where I may need money for some other purpose and may not be able to pay the premium. Today we are getting 7. This method of buying straddle stock trading strategy year gives flexibility.

I can buy for whatever amount I am comfortable christopher a farrell day trading. No compulsion of paying a fixed amount. February 21, japanese candlesticks intraday trading 2: I am 33 married, I have to ULIP from Birla Sunlife started in and Flexi Life line products.

I see one of them has break even after 7 years and other is just going to break even shortly. Do you think, I should continue to invest in this product?

Should I remove them and invest in some other funds. I have UTI retirement SIP of 1K which has given me consistent return and I am happy about it. February 4, at 4: February 14, at 8: December 19, at 4: Am 27 year old single man. I s it good for my future,i would like to retire on 60yers. December 25, at Its a good option compared to other traditional optionsBUt dont you stock broker india wikipedia Rs is very small amount?

November 30, at Manish, I have Jeevan Tarang Lic policy and paying premium of Rs. I received Rs as bonus from the company 3 months back. Do you think still it is not good return and I need to surrender this policy. December 12, at 4: November 13, at I wish, I read thius article and had these information six years back. How to make money in black metal recycling being an ULIP, has not given me any return so far.

I mean, I have invested over INR 1. November 14, at 3: I think its better to get out of the productnot just because of its performance, but your relationship with this product. I would suggest investing in something which you understand in and out!

November 5, at Hi Manish, I would like to know that is it possible to withdraw all the money in a LIC annuity plan if the annuitant requires the money for some reason?

If yes then what is the procedure to do so? November 12, at 9: Almost all the traditional plans have high costscan you share what has been your returns till date? November 12, at I am sorryI misunderstood your question. I assume that you are talking about the LIC plan where you have yourself invested and not which is linked to your employment.

Normally these products have some lock periodcan range from yrs. Whats in your case? Can you look at your policy document? November 15, at September 15, at 5: September 7, at 9: I am 32 years old and earn Rs 50, a month. How much do I need to save every month to be able to achieve this?

September 18, at 9: September 25, at 3: I suggest you open a thread to discuss it here — http: September 18, at I am not clear: HAve you read my 2nd book? We have explained how to calculate this for your retirement. Looks like I got it confused with some other question.

Do one thing open a thread here — http: August 15, at 3: Policy terms for both policy is 10 years. Please advise whether I should continue with these policies or surrender it. I know I will be loosing money but do not want to loose further. My age is 54 years. August 21, at 2: August 12, at 8: Thanks for origin of japanese candlesticks insights for pension scheme….

August 21, at 3: July 18, at 7: Dear Manish, Can overseas Citizens of India buy Pension plan in India. If yes, what are the documents that i need to produced? How to go about? July 18, at 2: July 4, at 7: I have taken a pension plan for 5 year term called freedom 58 from Birla Sunlife at an age of 23 and i am in 4th year. It say vesting age is 28, what does it mean? July 5, at 9: June 10, at 8: Lets say, the corpus at maturity is 1 crore. Moreover, the 40 lakhs is repayble whereas in pension products or for that matter NPS, the 40 lakhs is non-refundable.

June 14, at June 16, at 8: By making NPS mandatory for employees, the Govt. This is a White collar crime…. NPS for employees should be optional. June 22, at 9: May 30, at 2: I am planning some monthly income after 12 years.

I would like to know if I invest rs 7 lacs as a one time premium retirement solution from some life insurance and get returns after 12 yrs is it better money makeover by dave ramsey a FD for the same amount.

May 31, at 4: May 15, at 5: Reg your article on Pension Plans, I feel there is no justification on investing wasting money in Pension plans. May 18, at April 27, at I saw your articles about various pension plans. Is it advisable to invest on real estate buying a property and enjoy tax benefits and also get the monthly rent as income than pension plans OR PPF?

Whatever I plan to pay every months as premium for pension plan OR PPF, I can divert it as EMI for Housing loan. May 6, at 6: April 24, at 2: I had invested Rs. Pension Plans are a complete disappointmentpersonally I find this a scam and completely agree with you that Mutual Funds and FDs are the way to go. Now that I am forced to convert it into an Annuity, I will choose a 5years plan but could you please direct which company I should go with — Aviva, LIC, ICICI Prudential?

April 26, at Why did you choose it before hand if this was the case? I would say look at LIC or ICICI pru for annuity. April 26, at 2: March 28, at 7: Dear Manish, Thanks a lot for this informative article. I am 30 and living in london. I am told several times by many friends not to invest in FD or such pension plans as most of the mutual funds will deliver more than that in long term, however they also mention that it is important to juggle your funds every few years to ensure you are invested in a high yield scheme.

However not being in india and not very aware of what funds to go for this becomes difficult for me. So the reason I go for FD and such plans is because in a way I know the money is safe and returns a guaranteed yield.

April 3, at You dont need a lot of thinking in picking the funds. I think you should put some money in mutual funds also.

March 28, at 6: I saw there are Jeevan Akshay from LIC, SBI Life — Annuity Forex fury coupon, and Immediate Annuity from ICICI Prudiential. Kindly share your openion or suggest best available plan for immediaty annuity. March 25, at 7: I had taken a policy from ICICI in with premium 1 lakh per year upto scheduled for last premium.

Can you guide me which option of annuity I should take on completion in next year; what is the monthly return i get?

March 27, at Thanks for the reply Mr. I would like to know absa forex costs this annuity works; whether this will be better than just depositing the whole amount in a bank in term deposits?

March 24, at Hi, i want to know if a put in some retirement plan what monthly income would i get after 15 yrs ,Which is the best one. March 17, at 5: Dear Manish, I was really very upset after taking a HDFC unit linked pension plan-II I use to pay Rs yearly I had being paying it for last 4 years but still when I calculate I find that the return which I am getting is much less than what I had invested few of my friends say to continue with it for its term period of 30 years I am 28 years old I am very confused whether to surrender my policy or should pay for few more years.

March 19, at I binäre optionen handel erfahrungen you should stop it now and take the tough decision.

March 10, at 2: I was searching for a good advice for my retirement. Your article is very informative, but for me it is now bit confusing and need your advice. I am 42 yrs old and did not start anything for my retirement. I am employed abroad and looking for a good plan. I used the calculator and was confused with all the details needed there. I want to retire at 60, and with the same standard of leaving as of now. My current monthly expenses is around 1.

Will do invest as you suggest. Also is it possible for me to operate from aboard any plans what you will be suggesting.

March 13, at March 21, at March 6, at 8: In best systematic investment plan in india 2014 review you seem to have lost sight of insurance cover that the pension plans provide. You may agree that with insurance cover they are not all that bad.

Plus, since the insurance companies are reluctant to market these plans due to stringent IRDA norms, it implies it is beneficial to the persons opting for them. March 8, at earn money with paidverts Normally most of the pension plans do not come with life insurance.

I am not sure which plans you are talking about? Can you tell me more about such options. March 9, at 2: Thanks for prompt reply. I am 64 and have taken a plan called ICICI Prudential Systematic Retirement Solution. Premium is 60K pa and sum assured is 6L. Premium term is 5 years and policy term 10 years. Agent told me I can have my money back with some appreciation after 5 years or may continue.

My free look has not yet started. Its mostly ok I would say. March 6, at 6: February 26, at February 27, at 9: I think you are on right path. Just that you need to keep upgrading your investment amount in few years. February 27, at 2: Thank binary trading cedar finance for replying, just one last thing my monthly household expenditure is 22k to 25k, please tell me if have set the right goal of crores for my retirement to maintain my current lifestyle.

March 1, at 8: Use this to calculate http: I am 25 now, planning to have a retirement investment i. February 25, at 8: February 14, at 7: Hi manish, myself is ravish i am 26 yrs. John hull options futures and derivatives pdf 18, at 1: February 20, at 5: Manish, i am totally confused where to invest, pls guide me.

February 21, at 9: February 21, at Hi manish i want to do a pension plan for duration of 20 years, my age is 26 now, i can easily invest 70 thousand per anum, i have no loans on me. Better stay away from pension plans. Why dont you accumulate your money in some mutual fund and then in future create an income out of the corpus?

February 5, at I was totally confuse. I am 29 now. I want more and safe returns. I need a policy now which would help me to keep my finance good after 10 years. So please suggest me the policy that would help me. There cant be anything which will be SECURE and HIGH returnsyou have to compromise on something. January 28, at January 30, at 2: Only when you would like to deploy the money you should be finding those options.

Are you looking for income right now? February 5, at 5: January 19, at I was thinking of investing in ICICI Retirement Income Solution where they are promising the return of 9. Can you please advice? If not this, then some decent investment propositions. January 19, at 7: January 16, at 2: How long years I will get pension? January 18, at It would depend on the type of plan. January 14, at 3: They promise that the principal amount will not go down although the investments are made into MFs.

We can withdraw money after 5 years or leave it for getting pension later even for spouse or child after the death of the insurance holder. January 14, at 4: I would advice for plain Mutual funds. All these products at the end of the day use the underlying mutual funds only. January 3, at 9: This is a good article and should be an eye opener to even the educated folks like us who sometimes get taken in by the marketing. I am 45 yrs old and would like to build a sustainable income after 15 years.

I am working and have invested in some Mfs. Seeking advise on how to invest so I can achieve my future financial goals. January 3, at There are few ways we have listed down to create a regular income out of a corpuslets see if its useful to you — http: November 25, at I am doing my own financial planning, I was just looking for my retirement plans, my query is what is the best plan for maximum returns.

In other words, I want to keep investing in the plan till retirement I am 27 now, retirement age is 60 for me, so I will keep investing in it till 33 more years without pulling out money in between. I am looking for plan that can give me maximum returns be it lic or any thing else say fd or anything? November 30, at 3: November 22, at 9: My age is Could you suggest a retirement plan for us? I fear that we are already late in thinking about a retirement investment 2.

At age 54 and 46you cant take the best of compoundingnow you will have to settle for Balanced Funds or some more secure options. I would suggest that still take advantage of equity now and invest in mutual funds with 10 yrs view.

While the fluctuations can happenits the only good bet you guys have. November 26, at November 9, at 2: November 12, at 7: November 6, at 5: Thanks for your reply. About ICICI policy, surrender before 3 year should be same as in LIC Jeevan Tarang policy. Now, please advice what to do now: OR 2 Should I discontinue both of them and invest 50, per year in some other scheme like PPF.

Please suggest some good options for investment which will give good return as comparied to above to policy. November 14, at 6: If its worth to bear this loss and invest that amount in some other scheme, then Please suggest some good options for investment which will give good return as comparied to above to policy. November 15, at 7: Yes i know its tough. I want you to do a bit of maths! October 31, at I am having 2 Insurance polices, mentioned below: Due to some reason I want to discontinue 1 of the above policy, can you please guide me which one is good to continue amoungs above 2?

November 2, at Cant be decided like this in a flashyou need to give more info about the cost and expenses charged by them. November 2, at 1: I took both these polices almost on same time last year and paid 50, Rs. Both these polices are 1 year old, so will be getting nothing I guess if discontinue any of them.

Yes mostly you will not get anything till 3 yrsI am sure about LIC onebut with ICICI onebetter check what happens with you surrender before 3 yrs from their customer care or from your brochure! Also Check what you can do in next set of yearscan you make a better return compared to the default option? If yes, then better stop them. October 30, at 5: October 26, at 4: October 27, at Use a calculator here http: I think we can accumulate similar way as in MF SIP with NPS….

About Annuity, I expect it to change over the time… Considering my current age of 32, I can still accumulate in both NPS and PPF alongwith obviosuly some of the MF for the retirement purpose….

Do you know how the NPS will give you the pensionat what rate? If you do not have clarity on that, will you still like to invst? October 14, at 3: Considering that how about following my plan. So at the age of 60 I will have more than 80 lakh. October 16, at 2: Discuss this on our forum — http: October 11, at 3: I am 34 yrs old and am looking forward to a suitable pension plan that will cover my wife and me. Currently,I am working for an MNC based out of Gurgaon.

October 3, at 1: Suppose a senior citizen, 75 years of age, wants to invest money in lump sum or for 5 years, for regular income to his children, like pension. October 4, at 6: September 19, at I am 36 year old married man. I wish to know that which is the best pension plan for me. OR what should I do to get pension in my older days. September 19, at 5: September 11, at 6: September 12, at You can ask it on our forum — http: September 2, at 2: I need some advice please.

I took a ING best new years earlier this year prior to it being discontinued. My job in nhs is permanent though i am more inclined to get my hands on all my money in pension pot as soon as possible. September 2, at 8: This question is more suitable for discussion, please ask it here — http: September 16, at 4: I know this post is too old.

Let me know if you are still considering the transfer. The points you mentioned above are not correct i m afraid. Also whether a UK pension transfer is better off or not, to India or Offshore are some of the many factors to be analyzed first before taking a decision. Each and every case is unique and has to be carefully examined and depends a lot on your current personal circumstances and future financial objectives.

August 29, at I am 46 year old and want a plan to get 25k per month after retirement 60 year. August 20, at 3: August 22, at 7: August 18, at 7: I just came across your article and have to join the queue to compliment you, great work indeed! August 20, at August 9, at 1: Hi What is your opinion on HDFC prow growth fexi plan.

Thy are offering tax free returns after investing for 5 years minimum. The product can cover, life, education, pension plan etc? What are te disadvantages? August 10, at 6: For product review kind of questions — better ask at http: August 5, at 2: Dear Manish Ji, Recently I have start searching about the pension plans in India and read your great articles. I really impressed and looking forward some guidance from you.

I am an OCI and living in Australia. My age is 51 and thinking to start some investment in India from now onward, as I have decided to move to India after my retirement age. I am looking to have at least Rs.

I will appreciate Manish, if you can please give your expertise opinion to what and where to start investing money to achieve my goal at my retirement age. Ok you are starting at 51that means you just have 14 yrs left.

Invest in few good mutual funds aggresively and try to get real estate deal too in a city where you want to retire. July 23, at Your movement of jaagoreinvester I mean the forum is great.

Please suggest whether to continue or when to surrender? July 25, at 6: July 4, at Thanks for all your input on indian pension plans. Now, its time for me to start investing in MF. July 4, at 8: June 11, at 4: IDFC Premier Equity Fund Plan A growth SIP Rs. CRMF-Equity Tax saver Growth Fund SIP Rs. Infrastructure Fund G no SIP balance units As per me there is no substantial growth. June 12, at 6: They are not growing in absolute terms or in relation to their benchmarks?

Both are different things — check this: June 10, at 6: June 10, at 2: That question is more suited for http: April 27, at 6: My LIC Market Plus ULIP will complete 5 years in Jan I had tax benefit on premium under Section 80C. If I surrender policy after 5 complete years, will surrender value tax free?

April 28, at March 26, at 2: What about Tata — Aig Mahagold, i have taken it one year back. Kindly advice whether to keep it or surrender. Here is a detailed discussion! March 24, at 2: Nice article and discussion. Could you tell me how is HDFC SL Progrowth Maximiser? Also I am looking for one time investment products. I hope I am doing right. March 24, at 3: We really dont recommend plans like those. If you want to invest one time,better go STP route: March 26, at 3: March 28, at I opened link provided by you and found 1 slide in the presentation.

Has it only one slide or I am missing something? March 28, at 1: March 28, at 2: February 15, at Very informative article Manish. I have two pension plans from ICICI. I think I will surrender those and put the money in equity funds. However if I surrender these before 5yrs are completed, what are the tax liabilities?

February 15, at 1: I think besides that, the fund value will be added to my taxable income and I will have to pay tax on that too. In that case should I hold on to them for 5 years?

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Hi, I have to transfer my pension plan from overseas to India. December 12, at 5: January 18, at 2: If you are looking for immediate annuity then yes Jeevan Akshay VI is the preferred choice. You will start receiving pension immediately. However, if there is still time to reach the vesting age then you will have to go for a deferred annuity plan. January 20, at January 21, at 9: Pension plans today are costly and not attractive. Reason IRDA has made it mandatory to provide guaranteed returns in all pension plans not only at vesting but in case of surrender and death also.

Due to this most companies are not even marketing these plans as they find it difficult to comply with this norm. It will be good if you look at other options like Mutual funds for accumulating corpus for retirement and then at your vesting age buy immediate annuity. However the only risk today is that annuity does not increase with inflation and you might have to look at other source of income if your need increases.

Probably when you reach your vesting age annuities will be far better. Hence my advise will be to do a proper retirement planning where you will first identify your desired income and then invest in products which can meet it. Searching for a single product will be difficult in current scenario as annuity market is still not developed yet and there are many factors like inflation, longevity, income etc. January 25, at 5: I am trying to find out the best fit plan from the list provided by the UK govt.

I am facing problems because the following plans are not available on the web so I would like to know if these plans are still open? January 25, at 6: In the meantime I have recently come to know about a company based in london and having office in India who helps individuals worked in UK to unlock their pension and invest proceeds in emerging economies including India. Will be meeting them sometime in FEB for details. January 26, at 5: Anyway, I would like to hear if there are updates and I am not aware of.

February 16, at This is NPS- New Pension Scheme launched by the Indian government. Probably the best option among all products. April 9, at 3: February 16, at 1: Meena and Jitendra, I am a UK resident as well and now thinking of transferring my UK pension to Indian pension schemes approved by the the UK. In addition to the list Meena provided, there has been one more added — Aviva Pension Builder, which guarantees that your investment will double in a 12yr period.

As Meena mentioned, you have to transfer them to qualified pension schemes. I wanted to check whether you guys have been able to further explore and figured out alternatives or which one is the best scheme from the list. There has been new IRDA norms on pension plans due to which old products have become unviable. Companies are finding difficulty in implementing these regulations due to which new products have not been launched.

Products listed by Meena are no more available as they are old products. Are you allowed to transfer your proceeds in NPS New Pension Scheme launched by Indian Government. July 8, at July 9, at 9: July 9, at 1: Basically, I wanted to know if someone in the forum has done QROPS and can share their experience. July 9, at 6: Actually your question was not clear in the start.

I remember there was a discussion on this topic on our forum earliar: February 11, at After five year I can invest in this policy and I get Units and current value of units is some… Can I continue or surrender this policy? February 20, at I am 34 Y Old and Yearly income is 1. I have invest in PPF monthly and in LIC Market Plus I. After your suggest i will surrender my LIC Market Plus I policy.

February 24, at 5: March 2, at I will start the invest in SIP of Mutual funds. I have no demate account but I will plan to open it shortly and do the invest. March 9, at 3: September 16, at 5: Whether a UK pension transfer is better off or not, to India or Offshore are some of the many factors to be analyzed first before taking a decision.

Each and every case is unique and has to be carefully examined and depends a lot on your current personal circumstances and future financial objectives, residency status, etc. Besides, there are various limitations imposed by IRDA on pension schemes here that may affect the growth of the funds in Indian QROPS.

On vesting age one has to compulsorily buy an annuity and hand over all your money to an insurance company in lieu of set rate of interest income. There will be absolutely no scope of growth of funds thereafter.

Considering immediate annuity will first have to pass the test of non-uk residency status the 5 year rule to avoid penalties by HMRC in terms of unauthorised payments.

There is also a 10 year reporting rule by QROPs to HMRC. Any scheme not following the permissible pension rules may attract heavy penalties by HMRC on such unauthorised transfers. Merely being listed on the HMRC site DOES NOT make a QROPS authorised or recognised by HMRC.

January 26, at 4: You should discuss this in length at our forum: Whenever I have a doubt I just hop on to jago!! October 21, at Definitely something to think about on my journey to early retirement. Typically I find most pension plans implicitly assume a traditional retirement age around Are you aware of plans that might be suited for early retirees say in the age bracket. October 22, at 5: In that case hte best thing i can recommend is just do your accumulation in mutual funds and whenever you want to retire, at that time you can think what you need to do with your money to get a regular income.

Glad to join forum……. Very Very informative and eye opener article. October 22, at 6: October 23, at 2: No, I dint invest in NPS. I am planning to surrender them after reading articles on your site. October 18, at 2: October 18, at Hi Manish, Thanks for another great article.

I would again raise my point about NPS. Most of us talk only about the non-mandatory part of NPS ie. What about a large number of govt. What options do they have? Is there a way to make the best out of this obligation? October 18, at 1: Hi Manish, So, I guess that means that I should expect very mediocre returns for a substantial part of my hard earned money. But you know what, this just makes me more determined about being wise about the investments that I make with the rest of my money.

But in all the mumbo-jumbo of the NPS talk there is also something about choosing amongst fund managers and options to switch after every some time.

October 23, at 9: Truely speakingi think you should think and act less. I would recommend just buy some top funds which are long term funds and already tested. Focus more on consistency and saving more and more.

April 6, at Why do you think your NPS contributions will go to waste? Where is all this logic coming from? NPS is a very powerful retirement scheme and unlike any other pension plan or even mutual funds for that matter, its maintenance charges are ridiculously low, to the point where no distributor wants to open an NPS account as they hardly get any commission out of it, which means you get the max out of your investments.

This is a fantastic way to rebalance your portfolio as you will never hit red even during the bad times. Its true that you are not sure of the final returns as nothing is guaranteed but where is the guarantee in Mutual Funds or even Fixed Deposits for that matter?

Are the fixed deposit interest rates same today as they were 20 years back? Nobody should be so foolish as to put all eggs in one basket like MF or PPF. Its a great thing that a small part of your salary is going to your NPS account. Just a point of note, if you want absolute guaranteed fixed returns for life, then your only option is to deposit lumpsum amount in an immediately annuity product at an early age.

Nothing else is guaranteed for life. October 17, at 4: Awesome article, I am just 23 and want to accumulate loads of money. Could you suggest me best ways would be really thnakful.

I have fixed income and can invest 50,00, a Year. October 17, at 8: October 19, at 6: October 23, at You can read these: October 15, at 2: October 16, at 7: October 13, at 9: I have a different view on retirement savings.