Pointing In The Right Direction

When it comes to building a retirement corpus, there are many financial instruments worth considering, including the mandatory provident fund deductions. But none matches the returns that equity-related instruments such as mutual funds (MFs) and stocks can give. While this is true, there are more risks involved with equity-related investments. Stock selection without due research can have devastating results and hence it is advisable to take the safer route of MFs, where professional fund management helps you build the corpus at a nominal fee. While investing in these instruments, make sure that you pick products for the long term and keep your emotions under control. Retirement-linked MF schemes come in handy for investors as they offer multiple choices according to the investor’s risk profile and age. Some even provide tax breaks. The Ground Reality According to a survey by...