A small monthly pension can support basic expenses in the post-retirement period. Thus, many people aim to avail of at least ₹ 5,000 per month as a pension. This guide explains how you can plan your savings and build a retirement corpus.
Planning for a retirement corpus is a long-term financial goal. Hence, many earners want a simple plan, such as a ₹ 5,000 pension per month in retirement. You can achieve this goal with consistent savings and pre-planned investments. For these, you must take some strategic steps that can ensure the stable growth of your wealth.
This guide will help you plan your corpus by choosing the right pension tools

NFO or New Fund Offer refers to the procedure through which an Asset Management Company (AMC) launches units of a new fund and makes units available for sale to the general public. The NFO period usually lasts for a short period of time and during this period units of the fund are priced uniformly at ₹10 per unit. Units of the fund are allocated to investors only after completion of the NFO.

A successful career is a stepping stone to a comfortable retirement after you turn 60. However, with a smart savings habit, you can build a corpus and actually retire by 40. This entails developing financial independence by 40 to live the rest of your life without worrying about income and expenses. Wondering how? Keep scrolling for a detailed guide!

ULIPs and mutual funds are market-linked investment options designed for long-term wealth creation, but they serve different purposes. Mutual funds focus on investment across equity, debt, or hybrid assets, with no insurance cover. ULIPs combine life insurance with investment, allocating premiums between protection and market-linked funds. Understanding their differences in cost, flexibility, risk, and tax treatment helps you choose the option that aligns with your financial goals.

PMPM is a measure that makes it easier for insurance companies and policyholders to understand the evolution of healthcare expenses. This measure refers to the Per Member Per Month or PMPM cost in health insurance. It helps determine the average monthly healthcare cost for a single person in a covered group.