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How to Pick Mutual Funds That Beat the Market

  Smart Strategies for Investing in Mutual Funds: A Guide to Maximising Your Returns One of the most well-liked investing options for people looking for expert management and diversification without having to choose individual equities is a mutual fund. One of the easiest ways for people to accumulate wealth over time is through mutual fund investments. Mutual funds combine the capital of numerous individuals to invest in a diverse portfolio of stocks, bonds, and other securities, in contrast to direct stock market investing, which necessitates considerable time, study, and risk tolerance. Mutual funds are a well-liked option for both new and experienced investors due to their expert management and diversification. But merely investing in a mutual fund and crossing your fingers seldom yields the best outcomes. A comprehensive approach that matches the appropriate fund selection and management strategies with your financial objectives, risk tolerance, and investment timeline is nece...
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Atal Pension Yojana | After retirement, you will get a pension of Rs 5,000 every month

Atal Pension Yojana | After retirement, you will get a pension of Rs 5,000 every month

 


It is very important to have a retirement fund for post-retirement needs. If a person continues to get a fixed pension amount every month after retirement, then he can enjoy the rest of his life. The government launched the Atal Pension Yojana (APY Pension Scheme) to ensure social security for people working in the unorganized sector. By investing in this scheme, a person can receive a fixed amount of pension every month after retirement. It is the Pension Fund Regulatory and Development Authority (PFRDA) that administers the Atal Pension Scheme. It is for people between 18 and 40 years of age. Pension amount ranging from Rs 1,000 to Rs 5,000 can be received every month under this scheme.

 

The premium amount in the Atal Pension Yojana Scheme depends on the age of the investor at the time of joining the scheme and the pension amount after retirement. Investors of APY Pension Scheme can deposit their premium amount monthly, quarterly or in six months.

 

In the Atal Pension, if a person joins at the age of 18 years, then after attaining the age of 60 years i.e. after retirement, one has to pay a premium of 42 rupees per month to get a pension of Rs 1,000. If that person wants to get a pension of Rs 5,000 every month, then he has to deposit Rs 210 as a premium every month until he completes 60 years. At the same time, if the subscriber is 40 years, then he has to pay a premium of Rs 291 for a pension of Rs 1,000 and Rs 1,454 per month for a pension of Rs 5,000. Unfortunately, if the subscriber dies during this period, the nominee will get a pension of Rs 8.5 lakh.

 

Significantly, the PFRDA had given a special relief to the subscribers of the Atal Pension Scheme during the lockdown. In order to reduce the financial burden of Atal Pension Yojana subscribers during the lockdown imposed to prevent the coronavirus infection, PFRDA issued a circular on April 11, 2020, to decide to discontinue the auto-debit of premiums by June 30, 2020, Was. The auto-debit facility has been resumed from July 1, 2020.

 

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