If you would have thought of Infrastructure bonds that give you addl 20,000 deduction beyond the 1,00,000 under Income Tax Act 1961 Sec 80 c, you got it wrong.
These are MF schemes exclusively for funding Infrastructure projects. Infrastructure debt fund (IDF) will invest 90% of its assets in debt securities of the sector companies. With a minimum size of Rs 1 crore and minimum investors of 5, the minimum investment is tied at Rs 10 lakhs.
The unitholder gets locked in for 5 years with the new product.
Start Early, Proceed Systematically, Look Long Term
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All You Wanted to know about money
Wednesday, September 7, 2011
New Pension scheme - A Retirement Option
Planning up for Retirement gets a boost with NPS. But how fa
r?
But should these uncertainties make you go without a plan?
GOI incentives you for joining the scheme.
SEBI tells you Retirement planning is important. IRDA also gives you some pieces to look up. One needs to piece together different products to create a financial plan that will adequately capture the retirement needs.
Those who read this also read:
1.Planning to Fail : the NPS Way
2.Goal based investing from Mutual Funds
3.Retirement Planning
r?But should these uncertainties make you go without a plan?
GOI incentives you for joining the scheme.
SEBI tells you Retirement planning is important. IRDA also gives you some pieces to look up. One needs to piece together different products to create a financial plan that will adequately capture the retirement needs.
Those who read this also read:
1.Planning to Fail : the NPS Way
2.Goal based investing from Mutual Funds
3.Retirement Planning
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