Just came across this article in Economic times https://economictimes.indiatimes.com/wealth/invest/hurry-this-lic-pension-scheme-that-can-provide-rs-10000-a-month-will-end-march-31/articleshow/74209003.cms A simple google search, I found out these facts about Pradhan Mantri Vaya Vandana Yojana. Turns out this scheme is a wonderful pension plan for people above 60+ age Minimum investment = 1.5 lakh. monthly pension = Rs. 1,000 ** Maximum investment = 15 lakh monthly pension = Rs15,000 ** Mimimum age of applicant = 60 years Maximum age of applicant = Nil The investment amount will be returned after 10 years to the investor or Nominee. Bad news: As per the above economic times article, this scheme is not getting extended after 31st March 2020. So hurry up and inform all retired people you know to invest in this plan. BTW. it yields 8% per year. Which I think is the highest in current scenario. This scheme can be bought either online or offline. Discliamer: 1. All abo
With more and more awareness among people about Mutual funds, the next question comes to mind is, How to invest in Mutual funds, There are many ways you can do it, One of them is MF utilities. 1. Go here and fill forms https://www.mfuindia.com/eCANFormFill ->You will get a mail (mostly in gmail spam) with a link to upload documents 2. Take a Pic of PAN card, cancelled Cheque and Address proof document (like DL) and upload in the link you get in your mail 3. You will get a CAN allotment number in couple of days 4. After getting CAN number, send a email to clientservices@mfuindia.com and request for online ID and password -> You will get an ID password in 2-3 days 5. After getting ID and password you can use https://www.mfuonline.com/ or their android app for transactions. Following video illustrates how to transact in MF Utilities. * Mutual fund investments are subjected to Markets risks, Invest in Debt Mutual funds when market