Investment Tips: How can life after retirement be tension-free? In which things should one invest? know here..

Retirement planning is a very good option to secure your financial future. This will save you from having to depend on anyone in your old age. Retirement planning should be started as early as possible. This will help you create a big retirement fund.

We are telling you about some options, which will help you create a big retirement fund.

Mutual Funds
You can create a big fund in the long term by investing in mutual funds through a Systematic Investment Plan (SIP). You can choose the fund house and scheme according to your convenience. If you want to take less risk, then you can invest in a large cap or flexi cap. On the other hand, mid-cap and small-cap give higher returns, but the risk in them is also high. After retirement, you can make it a source of your regular income by withdrawing money every month from the prepared fund through the Systematic Withdrawal Plan (SWP).

National Pension System
National Pension System (NPS) is a scheme of the Government of India. This is also a very good scheme for retirement planning. It was started in 2004, but then only government employees could invest in it. In 2009, it was opened for everyone else as well. Whatever money you deposit in this scheme, matures in 60 years. After maturity, 60 percent of the fund is received in a lump sum. At the same time, 40 percent has to be used for annuity. With this, you will get a pension every month.

Atal Pension Scheme
If your income does not come under the purview of income tax, that is, it is up to Rs 2.5 lakh annually, then you can take advantage of this pension scheme. The age limit for investment in this is from 18 to 40 years. You have to invest till the age of 60. Then you will start getting a pension after turning 60. The pension amount can be between Rs 1 thousand to Rs 5 thousand.

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