In India, the concept of pension is gradually vanishing and both private as well as public sector organizations are moving towards the “Defined Contribution” setup, wherein a fixed amount of money is paid to the employee to support his/her retirement plans. However, because of reasons listed below contributions only to these funds wouldn’t be sufficient to achieve an individual’s retirement goals.
Our proprietary retirement calculator will help in understanding if you are on track to achieve your retirement goal by taking into account your existing investments. Please do consult your Financial Planner before acting on these suggestions.