The pension schemes and products in operation in India
This article elucidates – Pension System and its Aspects – Pension Products – Different Types of Pension Schemes, – Employees Provident Funds Scheme – Public Provident Fund (PPF) Scheme **– Insurance Annuity Schemes – National Pension Scheme (NPS)– Atal Pension Yojana (APY).] The Royal Commission on Civil Establishments, in 1881, first awarded pension benefits to…
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Annuity Plans to provide you a regular stream of pension
An annuity plan is an insurance contract between you (the annuitant) and an insurance company to provide you with a regular stream of 100% guaranteed pension for a lifetime after retirement. This helps you to secure your life goals and create a financial net for your family. The life insurance company invests your money and…
Read article Retirement-Focused Mutual Fund Schemes for secure retirement
A retirement fund’s investments typically include a broad portfolio of stocks, bonds, mutual funds, and other assets. The primary goal is to gradually accumulate wealth; ensuring individuals have a sizeable nest egg to support a comfortable and financially secure retirement. Retirement mutual funds are focused funds for the golden years with a lock-in of at…
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What is employees Provident Fund (EPF) scheme?
The Provident Funds Bill was introduced in the Parliament as Bill Number 15 of the year 1952 as a Bill to provide for the institution of provident funds for employees in factories and other establishments. The Act is now referred to as the Employees’ Provident Funds & Miscellaneous Provisions Act, 1952 which extends to the…
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Different types of SWAP derivatives and RBI guidelines on CDS contract
[The most popular swaps are Commodity Swaps, Currency Swaps, Interest rate Swaps, and Credit Default Swap (CDS)] In simple words, a Swap is an act of exchanging one thing for another. A financial derivative swap is an agreement between two counterparties (a buyer is a counterparty to a seller) to exchange financial instruments, cash flows,…
Complete guide on derivatives and Derivatives Market
[This article explains what is a Derivative- History of Derivatives – The size of the Derivatives Market – Underlying Assets – Exchange Traded and Over-the-Counter Markets – Participants in the Derivatives Market, – Functions of Derivatives – Types of Derivatives – Forward Contracts– Futures – Options and Swaps ] Definition: Derivative securities are those whose…
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