Saving Schemes Articles

Gold is an asset that not only adds value to an investment portfolio but also helps in its diversification. Financial experts suggest that an investment portfolio should have at least 10%-20% of assets invested in gold. The main reason for...

Employee Provident Fund is a compulsory saving plus retirement scheme. EPF comprises of two contributions: Employee's Contribution and Employer's Contribution. Employees must contribute 12% of their basic pay every month towards the EPF account as per the EPF norms. The...

Any employee in India receives a salary after the employer deducts a certain amount for EPF or Employee Provident Fund. The employee might change their job multiple times, and each time, they need to transfer their PF under the new...

Employee Provident Fund (EPF) is an initiative of the Government of India to encourage savings among Indians. Both employer and employee make equal contribution to the EPF scheme. One can redeem the balance in the EPF account upon retirement, unemployment...

What is a Pension Policy? Pension policy or a pension plan is a financial product that aims to provide financial independence, stability, and security to retired residents and senior citizens. All pension policies have a predetermined and common goal of...

What are pension funds? Pension funds or retirement funds are saving schemes wherein you invest a small portion of your income in a specific and pension designated fund. The sole objective of this fund is to generate income for you...

What is the PFRDA? On September 19, 2013, the Pension Fund Regulatory & Development Authority Act was passed, and it was notified on February 1, 2014. Employees of the Government of India, State Governments, as well as employees of private...

What is a pension fund manager? Pension fund managers perform a similar role as mutual fund managers, and they collect a small fee for the same. Following are the functions of pension fund managers. Accepting funds from investors to invest...