PensionFund
Definition
An investment fund designed to provide regular income during retirement. In India, pension funds include NPS, EPF, and annuity plans from insurance companies. Pension funds typically invest in a mix of equity, government securities, and corporate bonds based on the chosen asset allocation.
Example
NPS allows you to choose your asset allocation between equity (up to 75%), corporate bonds, and government securities, making it a flexible pension fund option.
Related Calculators
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