Sir, maine bahut financial youtuber or Influencer ka content dekha hai, but your knowledge and information is much much deeper and in a easy to understand. Respect you.
Thanks Shankar, very useful information because very soon I will retire from work, need to invest my retirement accumulation very securely to protect myself and my dependents.
This is one of the most brilliant information i have recently come across, a lot of great information shared with a great efforts put in to made it as useful as possible, you are extraordinary sir, thanks for the info.
Very interesting as i am in the mentioned age group to work on my Sr. Citizen income portfolio. Thanks Mr.Shankar for putting this together. Really helpful. I will post it in my other Social media platforms!
Excellent information. I thought that I knew many things about finance but you have added much more to my knowledge. Thanks for sharing such helpful videos
Sir, I am seeing it first time, very clear ideas & all schemes clearly explained, myself taken screen shots of your various charts, I am going to retire in this year, it will be very helpful to me. Thank you so much, Bring more and more videos. Best wishes for future journey.🙏
Sir I was wondering how you place the video on need time. Yesterday I was trying to explain the same options to my parents. Now, I can have a great clarity on my explanation. Again I'm comment one. Thank you sir 🙏
Glad to hear that! Many senior citizens are too boxed with what they already know so this video has been designed to open them up a bit. However, before he takes any decisions, please ensure you carefully explain him the risk & return matrix. He shouldn't be taking a lot more risk for pennies.
Hi Shankar ji, thanks a lot for sharing a variety of financial avenues that a senior citizen (like my 66 year old Mom) can benefit immensely. As her only son, I have been working hard since a decade so that she can streamline her income and build wealth too in her golden years. Thanks again for highlighting the financial instruments in details for the senior citizens. I’ll definitely share this video with her. Also, happy ‘Rongali Bihu’ (it’s the biggest festival of spring, Mother Nature which signifies colours of joy and start of Assamese New Year). 🙏
Happy Rongali Bihu to you, Partha ji. I was reading about it yesterday along with news of investments announced by PM Modi incl. AIIMS Guwahati. At my home, we celebrate the commencement of Tamil New Year. I wish you and your family a wonderful year ahead .. and happy to know you found the video content useful.
Thanks a ton Jitender ji .. very kind of you. Do help out your elders if they need any help with their finances. As a high savings country, many senior citizens have maturing fixed deposits etc. and they often struggle with what to do with that lumpy money
Hi Shankar, I have been a viewer of your videos since the last few months and I must say I look forward to new content from you every week. This video in particular will be useful for my relatives who are senior citizens and are looking for avenues to invest a portion of their money. I would also like to tell you that I provide high quality captions/subtitles on videos, and I was thinking they can be a good addition to your videos. I'd be willing to add captions for completely free to your first upload, and if it is something that you'd like to have going forward in each of your uploads then maybe we can get in touch! (Added bonus is I'm also a Chelsea FC fan :D)
Hello Gokul, 1. Thank you very much for your continued patronage. I hope your relatives find the video useful 2. I have been adding subtitles in all my videos. My understanding is - for users who need it (esp. if they are watching while transiting & w/o headphones), they can tap on the CC button and read it. If you have something else in mind, please write to me at hello@beginnersbuck.com .. thanks!
Out of many options described in the video one may select few to generate regular income as per own requirement. Just to add only that much income should be generated by using these options that is required for managing once periodic expenses, as extra income generated will burden you with extra taxes. 2nd only annuity can lock decided fixed return for rest of the life of the investor.
This video is gold. I keep on reviewing gold nuggets u have shared. 1. Could u pls share if NSC and SCSS interest is taxed as FD or is taxed only at the time of maturity. 2. Government securities - if i want to invest in government bonds, not buy from secondary bond market, how do i do that. I havent see govt issuing bonds in a long long time.
Hello, I can't be sure as tax is not my strong suit. There was an article on this very point on livemint but I still not certain, maybe you can have a look at that. The article also mentions the email id of the author, perhaps you can contact him for advice. Link: www.livemint.com/money/personal-finance/national-saving-certificates-nsc-income-tax-rules-on-interest-explained-11664976013730.html
Hi @shankar.can you please do a deep dive on a reverse mortgage. There are some fine prints on what purpose the monthly money received can be used for. Kindly create a video exclusively for the same.
Thanks a lot for this wonderful video. 11:20 speaks about many ways, it would be helpful to add an example of them in the description. Particularly, I tried to find out about aggregation platforms, and could not find any.
In my view, NPS is a pre-retirement instrument and the 9 options explained here were all post-retirement instruments. One can invest in an NPS only until the age of 65 & one has to withdraw/buy annuity by 70 years -- so it really doesn't serve the purpose of retirement income. If you have a counterview, please let me know. Thx for the suggestion!
very informational video ShankarJi. Used to watch many of your videos on ET Money. My request for this video would be to add max investment limits in the summary matrix for each investment vehicle especially the Govt related schemes. Kudos & keep up the good work.
Thank you. I don't have specific information on where early retirees invest but if I can proffer a guess, it should be a mix of equities and bonds. The equity ensures the portfolio remains above inflation while the debt part ensures cushioning from shocks.
Thank you very much for the information shared. Can you please share some video on people in private jobs with no or very less post retirement benefit from their employers.
A great video I stumbled on. Thank you. Do suggest some interest free income, specially useful for those Sr. Citizen who get pension just within tax-free limit of 5L. BTW I am now your subscriber
Welcome aboard sir. Do you mean "interest free" income or "tax free" income? If it's tax-free, then there's always: a) PPF b) life insurance traditional plans (I don't like these much as they give ~6% returns) c) tax-free bonds d) ULIP (this is OK, but please go for low cost ULIPs only & allocate in debt) I think there arent't many options here and over time I've encouraged my parents to think in terms of opting for high return instruments like a balanced advantage fund where the returns over time are higher (10-11%) and an LTCG tax of 10% (after a 1 lakh exemption) means they make 10% return on capital. Please do consult a good financial advisor for more details on this, thanks!
Very informative video. I wonder why you haven't included ppf. A corpus gathered over 20-30 years can ultimately lead to healthy annual withdrawal of interest / capital to fund retirement.
Thank you. The video was on post retirement income strategies i.e. AFTER a corpus has been accumulated. PPF is one of the many instruments that is used to accumulate a corpus.
Excellent consolidated information. If you can make video on people in age group of 45-50 Yr covering retirement planning options like Differed Annuity , NPS etc in detail will be helpful.
In dept fund what happens to interest of liquid fund overnight fund or any other dept fund what haapen to interest do we receive interest or it is kept by mutual fund and our profit is just increase in NAV
Dear Shankarji, Big fan of yours since your ET Money days. I have a question on Target Maturity Funds. How to best use TMF? Can this be used to build a corpus like a Bank RD over a 5+ years ? i.e. can we use SIP in target maturity funds create a small corpuses at different period of time ? i.e. Child Education , a down payment on home purchase etc. ? A video on TMF and how to use it will be very helpful
This is by far the most awaited and eye opening video. You have not considered (or may be you didn't spell out specifically) bonds like National Highway , rural electrification etc.. There are some state bonds offering 8%+ (like AP beverages, I am afraid of touching). Thank you for this knowledge.
What a fine video Shankar! Very interesting to know about the reverse mortgage product. Is it available only for senior citizens? Is it available on a house that is rented out to someone else and also for a plot of land with no house on it? Maybe you cam share some materials about it as there are so many questions on reverse mortgage.
Thank you. Yes, a lot more information is available on the Internet esp. bank websites. Some links: homeloans.sbi/products/view/reverse-mortgage-loan www.unionbankofindia.co.in/english/personal-retail-reverse-mortage.aspx www.indianbank.in/departments/ind-reverse-mortgage/#! www.idbibank.in/reverse-mortgage-loan.aspx bankofindia.co.in/star-reverse-mortgage-loan
Very nice information 😊; However, just wondering people in theirs 20s or 30s should focus on what Corpus amount for their retirement at age 50-60- or maybe 70?; I think if we will be an advanced economy by then we probably may have much less interest rate maybe 5% or even below. So, is it good to relax and plan considering 8% or above for a retirement planning. Obviously one can expect 12% returns atleast in good equity debt AI mix.
Thanks sir for your great videos...eagerly waiting to see latest from on et money genius as its been now more than 1 year hows the returns comparing to bench mark
Great video.. Can you pl throw more light on State Govt bonds .. Some of them are offering int rates upto 11-12% .. For example Andhra bonds .. UP bonds.. Why there's so much difference? Are they safe ??
Thank you. Are you referring to State Development Loans (SDL)? Pls read up more about it on mf.nipponindiaim.com/knowledge-center/what-are-debt-funds/state-development-loan
Hi sir , thanks for this wonderful video . Regarding the scss scheme , my dad had invested in the same last dec . Regarding the 30lakh investment , is this already active and can senior citizen directly invest 30lak today if they go for both himself and spouse each totalling to 60 lakh ?
Most welcome. You can enquire if the 30 lakhs functionality is live from your nearest bank or postoffice. Many might have even announced it on their website
One way to do this is to start your annuity payments when your income is taxed at 0%. I know someone who did it wherein he deferred his annuity by 5 years & by the time he started receiving annuity at the age of 66, he had retired and his income from other sources was less than the 7 lakh mark rendering him a 0% tax slab.
Great Video.. I would like to suggest you make some content on NRI investments in India for both debt and equity, also may be highlight the tax implications..
Hi Shankar ji, with addition of new topic of Higher EPS95 based pension , one can allocate more for growth after retirement ? Any session on digesting EPS9, please plan a session on this
Hello sir I love your videos. They’re honestly the best in the financial education space. I just have a serious question here Can an MFD create win win situations with the client without conflict of interest As in Can an MFD recommend suitable funds to the client in terms of objectives and risk appetite with full disclosures of possible losses and underperformance And also charge high Commissions ? The higher the commission the less beneficial for the client obviously But at the same time the MFD has to earn a living too , So how do you balance this conflict of interest ?
Hello JP, MFDs have an important role to play esp. in the base of the pyramid. There are crores of people who have no idea who to select mutual funds, run an SIP, ignore the noise etc. I was invited to a few webinars during Women's Day week and figured 70% of the group did not know what an SIP is. So there are lots of gaps and MFDs are most suited to bridge it.
@@shankarnath That’s true But in your opinion How could one strike a balance between recommending funds that are helping the client but at the same time earning a reasonably high commissions learns living ?
@@JP23149 I have not played the role of an commission compensated MFD (I was a part of ET Money but we did direct plans only), so I don't think I'll be the right person to answer this. Please allow me to circle back to you if I find some solutions. I meet different people from different fields which really helps in discovering revenue/value aspects that one generally ignores.
Shankar ji, Whether annuity is advisable for retired person or SWP from a mutual fund is good option. Whether annuity is good considering return point of view.
In my view, annuities should not be looked from only returns standpoint. Infact, returns is a bit later. The primary way to look at them is in terms of predictability. In the example I gave, 10 lakhs at age 45 .. is 11,192 rupees every month from year 57 onwards for the rest of one's life. Now this is a good framework and there are some consumers who'll say "well, let me put in 10 lakhs every 2-3 years in a similar deferred annuity plan so that I can receive a higher monthly income as I get older". A fixed return has its charm and I believe annuity seekers would look at it that way. Coming back to returns, this depends from insurer to insurer and there are many variants of annuities. A discussion with an agent is a good way to understand all the available options.
Great video Shankar Ji. watched many of your videos and the content and presentation is of very high quality with thorough research and easy to understand. Thank you for the education. Wondering why insurance companies are still not making annuities attractive and only offering meagre returns. E.g. Jeevan Akshay VII which is immediate annuity plan only offers a return of 5.4% ( with return of purchase price) where as SBI offers 7.5% annual interest rate for Senior Citizens. Do you think these annuity plans are popular and successful for insurance companies?
Most welcome, glad you found the video and the content useful and informative. With re: annuities, its not a simple deal. The insurance company has to estimate interest rates (aka bond yields) and returns from equities over a long period of time extending to 20, even 30 years. As an example, imagine the US in the 80s when FED rates were averaging 9% and then in the 2010s, it was 0.5%. These all information has to be factored in when constructing a 30 year old product. The point on SBI FD is very relevant aswell. Fixed deposits are relatively short term instruments (average FD in India is 2 years) and the supply-side i.e. loans are in the bank's control. So say, SBI has offered FD at 7.5%, they will ensure that the loan is 10.5% (and not lower) so as to earn a NIM of 3%. This can't be done with annuities as they are purely an investment product. As a senior citizen, one also needs to factor reinvestment risk. For instance, say SBI FD is 7.5% today and after 4 years (at renewal), it is at 4.5%. This is the risk that an elder person faces and annuities provide protection around that. So everything has their pros and cons.
This is a comprehensive list of investment options for senior citizen. I think one of kind video on youtube.
Kudos ❤
Glad you found it useful.
Thanks!
Thank you very much Bikash. Glad you found the video useful and will put some of it into action. Much appreciated!
I heard u today first time.... Awesomeness felt.... Must pat u or shake hands of ur.... I am just retiree... God bless...
Mr Shankar Nath - You are GODS GIFT TO RETIREES & THOSE WORRIED ABOUT "COMMON SENSE" PLANNING FOR THEIR RETIREMENT
Thank you. Glad you found it useful
Sir, maine bahut financial youtuber or Influencer ka content dekha hai, but your knowledge and information is much much deeper and in a easy to understand. Respect you.
Thank you very much Sushil ji.
You are an inspiration for upcoming content creators
Thank you very much, Vikram. Much appreciated
@@shankarnath I'm also thinking of becoming a creator and your hard work truly inspires me
@@vikram0607 Wishing you the best.
Thanks
Thank you for your kind appreciation and this gratuity
Simply genius.
SHARED THE VIDEO.
Thanks Shankar, very useful information because very soon I will retire from work, need to invest my retirement accumulation very securely to protect myself and my dependents.
Most welcome, glad to know you found this helpful .. and wishing you the best!
This is one of the most brilliant information i have recently come across, a lot of great information shared with a great efforts put in to made it as useful as possible, you are extraordinary sir, thanks for the info.
Most welcome, Ravikumar. Glad you found this collection of instruments useful. Please do share it with your friends and well-wishers.
Thanks !
This is THE BEST video on Retirement Planning !❤
Glad it was helpful!
This is such high quality content! Kudos to you, Shankar!
Thank you very much 🙌
Hi Shankar -if i need to connect with you , how can I reach you?
@@ayeditya I'm on hello@beginnersbuck.com
Great content and information, as always.
A decade away from my retirement, but what a solid BASE to look forward
Thank you very much. Yup, a good time to review and progress for you from here
Thank you . This has been a valuable presentation.
You're very welcome
Wow! What a comprehensive and insightful video.. Great job! I will file this into my playlist of all-time favourite videos. Thank you!!
Glad it was helpful! Wishing you the best Ajay
Thank you for this extremely informative video. You have covered so many options in one video.
Thank you very much. Glad you found it useful
Very interesting as i am in the mentioned age group to work on my Sr. Citizen income portfolio. Thanks Mr.Shankar for putting this together. Really helpful. I will post it in my other Social media platforms!
Hope you find it useful, Mr. Subramaniam. And thanks for the shares! 🙌
Excellent information. I thought that I knew many things about finance but you have added much more to my knowledge. Thanks for sharing such helpful videos
Glad you are finding the videos helpful
Sir, I am seeing it first time, very clear ideas & all schemes clearly explained, myself taken screen shots of your various charts, I am going to retire in this year, it will be very helpful to me. Thank you so much, Bring more and more videos.
Best wishes for future journey.🙏
Thank you very much Shriniwas ji. Glad to see that you found my content relevant and potentially useful.
Sir, really a very useful information to retirees and god bless you sir for your detail explanation without hiding anything 👍🙏
Thank you very much. Glad you found it useful
Sir
I was wondering how you place the video on need time. Yesterday I was trying to explain the same options to my parents. Now, I can have a great clarity on my explanation. Again I'm comment one. Thank you sir 🙏
Most welcome, hope you & they find it helpful. I gave my father a preview earlier today and he liked it
What a beautiful way of simplifying things, dear Shankar. Please keep this up. I have subscribed!
Glad you liked it and welcome aboard
Service to Humanity!
Educative and insightful video with calming voice
Thankyou sir.
Most welcome. Glad you found it useful
Thanks for the lovely work. It'll really help my dad.
Glad to hear that! Many senior citizens are too boxed with what they already know so this video has been designed to open them up a bit. However, before he takes any decisions, please ensure you carefully explain him the risk & return matrix. He shouldn't be taking a lot more risk for pennies.
Wah wah wah wah! Love the way you explain sir.what a detailing❤
Thank you very much!
Sir extraordinary content explained crisply in a very simple way… way to go
Thanks a ton. Glad you found it useful
As always,you through light on unknown points even on common topics.. you give us a changed perspective sir 😊new options in this case
So nice of you. Glad you found it useful
Thanks for very detailed and useful information
Most welcome! Glad you liked it
Great video Shankar! Very informative.
Thank you very much!
Great video that gives very good understanding in managing funds.
Glad it was helpful! 🙌
Excellent video as always😊👏👌
Thank you so much
Really appreciable well designed content 🙏
Thank you very much!
Hi Shankar ji, thanks a lot for sharing a variety of financial avenues that a senior citizen (like my 66 year old Mom) can benefit immensely. As her only son, I have been working hard since a decade so that she can streamline her income and build wealth too in her golden years. Thanks again for highlighting the financial instruments in details for the senior citizens. I’ll definitely share this video with her. Also, happy ‘Rongali Bihu’ (it’s the biggest festival of spring, Mother Nature which signifies colours of joy and start of Assamese New Year). 🙏
Happy Rongali Bihu to you, Partha ji. I was reading about it yesterday along with news of investments announced by PM Modi incl. AIIMS Guwahati. At my home, we celebrate the commencement of Tamil New Year. I wish you and your family a wonderful year ahead .. and happy to know you found the video content useful.
Shankarji goo for people without pensions from their employment when they were productive.
Thanks for sharing valuable information, God bless you
Most welcome. Glad you liked it 🙌
Informative video. Thanks for putting so much hard work for us.
Most welcome, glad you found it useful
Best presentation. God bless you❤
Thanks a lot 😊
Thanks for working out such a nice information..
My pleasure! Glad you found it useful
Thanks Shankar. Very informative presentation. ❤
So nice of you. Most welcome, Karthikeyan
Wonderful Content as Always
I appreciate that. Thank you!
Excellent as always 🤟😎
Thank you!
Great video! Thank you, Please make part 2 of this video with Tax Liabilities of the differnt schemes. Also best way to optimise withdrawals.
Thanks for the suggestion
Shankar sir, you are doing a good job, good in depth content
Thank you
Excellent way of explaining
Thank you!
Very nice explanation!👌👍
Glad you liked it!
Thanks, very useful, all points cover, study very well
Glad it was helpful!
Excellent one sir. Expecting a lot of videos on less explored financial options/products.
Thanks a lot.
Most welcome
Very nice, friendly and highly professional..🙏🙏
Glad you liked it!
Appreciate your humility to reply a layperson like me💕💕🙏🙏
Very nice and understanding explanation
Thank you very much!
too good sir surely will share with friends kudos
Thanks a ton Jitender ji .. very kind of you. Do help out your elders if they need any help with their finances. As a high savings country, many senior citizens have maturing fixed deposits etc. and they often struggle with what to do with that lumpy money
Learnt new things .Thanks
Glad you hear that.
Absolute Gold!
Thanks!
Excellent
Hi Shankar, I have been a viewer of your videos since the last few months and I must say I look forward to new content from you every week. This video in particular will be useful for my relatives who are senior citizens and are looking for avenues to invest a portion of their money.
I would also like to tell you that I provide high quality captions/subtitles on videos, and I was thinking they can be a good addition to your videos. I'd be willing to add captions for completely free to your first upload, and if it is something that you'd like to have going forward in each of your uploads then maybe we can get in touch!
(Added bonus is I'm also a Chelsea FC fan :D)
Hello Gokul,
1. Thank you very much for your continued patronage. I hope your relatives find the video useful
2. I have been adding subtitles in all my videos. My understanding is - for users who need it (esp. if they are watching while transiting & w/o headphones), they can tap on the CC button and read it. If you have something else in mind, please write to me at hello@beginnersbuck.com .. thanks!
Vry engaging and clear video 👌
Glad you liked it
Brilliant Elaboration
Thank you!
Excellent information
Glad it was helpful!
Thanks for sharing the useful information.
Started with certificates 😂😂😂. Good Creativity 👏👏
Most welcome
Out of many options described in the video one may select few to generate regular income as per own requirement. Just to add only that much income should be generated by using these options that is required for managing once periodic expenses, as extra income generated will burden you with extra taxes. 2nd only annuity can lock decided fixed return for rest of the life of the investor.
Thx for sharing your views
Very nice & informative video.. just subscribed..
Thanks and welcome aboard
Thank you very much sir. God bless you
Thank you very much Sushil ji
This video is gold.
I keep on reviewing gold nuggets u have shared.
1. Could u pls share if NSC and SCSS interest is taxed as FD or is taxed only at the time of maturity.
2. Government securities - if i want to invest in government bonds, not buy from secondary bond market, how do i do that. I havent see govt issuing bonds in a long long time.
Hello, I can't be sure as tax is not my strong suit. There was an article on this very point on livemint but I still not certain, maybe you can have a look at that. The article also mentions the email id of the author, perhaps you can contact him for advice. Link: www.livemint.com/money/personal-finance/national-saving-certificates-nsc-income-tax-rules-on-interest-explained-11664976013730.html
Thank u so much.
Really appreciate your prompt response.
Hi @shankar.can you please do a deep dive on a reverse mortgage. There are some fine prints on what purpose the monthly money received can be used for.
Kindly create a video exclusively for the same.
Thanks for the suggestion
Thanks a lot for this wonderful video. 11:20 speaks about many ways, it would be helpful to add an example of them in the description. Particularly, I tried to find out about aggregation platforms, and could not find any.
Most welcome and thanks for your suggestion
Excellent coverage. NPS should have had a mention as one of the instruments. It only got a cursory mention in the annuities section.
In my view, NPS is a pre-retirement instrument and the 9 options explained here were all post-retirement instruments. One can invest in an NPS only until the age of 65 & one has to withdraw/buy annuity by 70 years -- so it really doesn't serve the purpose of retirement income. If you have a counterview, please let me know. Thx for the suggestion!
Investing in low volatility and high dividend yield stocks are also an option for retirement.
very informational video ShankarJi. Used to watch many of your videos on ET Money. My request for this video would be to add max investment limits in the summary matrix for each investment vehicle especially the Govt related schemes. Kudos & keep up the good work.
Thank you for your appreciation and suggestion
Good video for senior citizens, can you share where do early retirees invest,
Thank you. I don't have specific information on where early retirees invest but if I can proffer a guess, it should be a mix of equities and bonds. The equity ensures the portfolio remains above inflation while the debt part ensures cushioning from shocks.
@@shankarnath Thank you!
Valuable information
Thx 🙌
Thank you very much for the information shared. Can you please share some video on people in private jobs with no or very less post retirement benefit from their employers.
Most welcome. I think you are referring to pre-retirement investments. That's a big topic in itself. I don't have a video on it yet.
A great video I stumbled on. Thank you. Do suggest some interest free income, specially useful for those Sr. Citizen who get pension just within tax-free limit of 5L.
BTW I am now your subscriber
I am 69 years old.
Welcome aboard sir. Do you mean "interest free" income or "tax free" income? If it's tax-free, then there's always:
a) PPF
b) life insurance traditional plans (I don't like these much as they give ~6% returns)
c) tax-free bonds
d) ULIP (this is OK, but please go for low cost ULIPs only & allocate in debt)
I think there arent't many options here and over time I've encouraged my parents to think in terms of opting for high return instruments like a balanced advantage fund where the returns over time are higher (10-11%) and an LTCG tax of 10% (after a 1 lakh exemption) means they make 10% return on capital. Please do consult a good financial advisor for more details on this, thanks!
I've invested in Balanced Adv, Flexi-cap, and small cap.
I like your reverse mortgage idea. If I have 2 houses, can I reverse mortgage the 2nd house and also rent the house.
Kindly check with your bank on the process, pros and cons. Different banks have different terms and conditions, please understand them
Very informative video. I wonder why you haven't included ppf. A corpus gathered over 20-30 years can ultimately lead to healthy annual withdrawal of interest / capital to fund retirement.
Thank you. The video was on post retirement income strategies i.e. AFTER a corpus has been accumulated. PPF is one of the many instruments that is used to accumulate a corpus.
Excellent consolidated information. If you can make video on people in age group of 45-50 Yr covering retirement planning options like Differed Annuity , NPS etc in detail will be helpful.
Thanks for the suggestion
Good one
Thank you!
In dept fund what happens to interest of liquid fund overnight fund or any other dept fund what haapen to interest do we receive interest or it is kept by mutual fund and our profit is just increase in NAV
It depends on whether you are going for growth or IDCW plan.
Dear Shankarji,
Big fan of yours since your ET Money days.
I have a question on Target Maturity Funds.
How to best use TMF?
Can this be used to build a corpus like a Bank RD over a 5+ years ?
i.e. can we use SIP in target maturity funds create a small corpuses at different period of time ?
i.e. Child Education , a down payment on home purchase etc. ?
A video on TMF and how to use it will be very helpful
Thank you for your suggestion
This is by far the most awaited and eye opening video. You have not considered (or may be you didn't spell out specifically) bonds like National Highway , rural electrification etc.. There are some state bonds offering 8%+ (like AP beverages, I am afraid of touching). Thank you for this knowledge.
My apologies for not covering more products due to time/editing constraints. I'm glad you liked the rest of it
@@shankarnath I loved it. ❤️❤️❤️
Great content!. Can you please create dedicated video on Real estate (rental, buy commercial vs flat vs plots).. would love to hear your perspective..
Thank you! I'll add investing in real estate (physical) to my content queue
@@shankarnath Thank you
Great u sir j
Most welcome!
What a fine video Shankar! Very interesting to know about the reverse mortgage product. Is it available only for senior citizens? Is it available on a house that is rented out to someone else and also for a plot of land with no house on it? Maybe you cam share some materials about it as there are so many questions on reverse mortgage.
Thank you. Yes, a lot more information is available on the Internet esp. bank websites. Some links:
homeloans.sbi/products/view/reverse-mortgage-loan
www.unionbankofindia.co.in/english/personal-retail-reverse-mortage.aspx
www.indianbank.in/departments/ind-reverse-mortgage/#!
www.idbibank.in/reverse-mortgage-loan.aspx
bankofindia.co.in/star-reverse-mortgage-loan
Very nice information 😊; However, just wondering people in theirs 20s or 30s should focus on what Corpus amount for their retirement at age 50-60- or maybe 70?; I think if we will be an advanced economy by then we probably may have much less interest rate maybe 5% or even below. So, is it good to relax and plan considering 8% or above for a retirement planning. Obviously one can expect 12% returns atleast in good equity debt AI mix.
Thank you, glad you found it useful. I prefer reviewing the factors every three years and being conservative in my assessment
Can you make a video for investment opportunities for central / State govt pensioners from their retirement benefits.
Thanks for the suggestion
Thanks sir for your great videos...eagerly waiting to see latest from on et money genius as its been now more than 1 year hows the returns comparing to bench mark
Thanks for the suggestion
Plz do one video on best SWP scheme?
Thanks for the suggestion
Great video.. Can you pl throw more light on State Govt bonds .. Some of them are offering int rates upto 11-12% .. For example Andhra bonds .. UP bonds.. Why there's so much difference? Are they safe ??
Thank you. Are you referring to State Development Loans (SDL)? Pls read up more about it on mf.nipponindiaim.com/knowledge-center/what-are-debt-funds/state-development-loan
Please do it for non SC as well. Who has the requirement to generate regular income.
Thx for your suggestion
Hi sir , thanks for this wonderful video . Regarding the scss scheme , my dad had invested in the same last dec . Regarding the 30lakh investment , is this already active and can senior citizen directly invest 30lak today if they go for both himself and spouse each totalling to 60 lakh ?
Most welcome. You can enquire if the 30 lakhs functionality is live from your nearest bank or postoffice. Many might have even announced it on their website
Thanks sir
Great content
Thank you
Sir, what is the upper level of capital, to be invested in REIT ..
I'm not sure there is any. Pls search on Google.
Sir,annuity is taxable , hence less attractive...hence, what is the alternative?
One way to do this is to start your annuity payments when your income is taxed at 0%. I know someone who did it wherein he deferred his annuity by 5 years & by the time he started receiving annuity at the age of 66, he had retired and his income from other sources was less than the 7 lakh mark rendering him a 0% tax slab.
Hi Shankar ji, I plan to add pginvit 10% on debt portfolio , it is good?
Great Video.. I would like to suggest you make some content on NRI investments in India for both debt and equity, also may be highlight the tax implications..
Thanks for the suggestion
Amazing opening with the certificate image😂.
Thank you!
Hi Shankar ji, with addition of new topic of Higher EPS95 based pension , one can allocate more for growth after retirement ? Any session on digesting EPS9, please plan a session on this
Thanks for the suggestions. Yes, I have EPS in my content queue .. will have a video on it by the end of next month.
Sir which mid cap mutual fund is best for long term sir..
Hello sir
I love your videos. They’re honestly the best in the financial education space.
I just have a serious question here
Can an MFD create win win situations with the client without conflict of interest
As in
Can an MFD recommend suitable funds to the client in terms of objectives and risk appetite with full disclosures of possible losses and underperformance
And also charge high Commissions ?
The higher the commission the less beneficial for the client obviously
But at the same time the MFD has to earn a living too ,
So how do you balance this conflict of interest ?
Hello JP, MFDs have an important role to play esp. in the base of the pyramid. There are crores of people who have no idea who to select mutual funds, run an SIP, ignore the noise etc. I was invited to a few webinars during Women's Day week and figured 70% of the group did not know what an SIP is. So there are lots of gaps and MFDs are most suited to bridge it.
@@shankarnath
That’s true
But in your opinion
How could one strike a balance between recommending funds that are helping the client but at the same time earning a reasonably high commissions learns living ?
@@JP23149 I have not played the role of an commission compensated MFD (I was a part of ET Money but we did direct plans only), so I don't think I'll be the right person to answer this. Please allow me to circle back to you if I find some solutions. I meet different people from different fields which really helps in discovering revenue/value aspects that one generally ignores.
@@shankarnath thank you sir
That’ll be of great help
Again , love your videos , they’ve been very helpful.
Shankar ji,
Whether annuity is advisable for retired person or SWP from a mutual fund is good option.
Whether annuity is good considering return point of view.
In my view, annuities should not be looked from only returns standpoint. Infact, returns is a bit later. The primary way to look at them is in terms of predictability. In the example I gave, 10 lakhs at age 45 .. is 11,192 rupees every month from year 57 onwards for the rest of one's life. Now this is a good framework and there are some consumers who'll say "well, let me put in 10 lakhs every 2-3 years in a similar deferred annuity plan so that I can receive a higher monthly income as I get older". A fixed return has its charm and I believe annuity seekers would look at it that way.
Coming back to returns, this depends from insurer to insurer and there are many variants of annuities. A discussion with an agent is a good way to understand all the available options.
Shanker Ji, if we buy 3year old SGB on secondary market and redemption on maturity to RBI, we get tax benefits? Because we hold less than 8 years
Hello Ahamed ji, I don't have clarity on this. A tax advisor or CA should be able to assist on this query
Great video Shankar Ji. watched many of your videos and the content and presentation is of very high quality with thorough research and easy to understand.
Thank you for the education.
Wondering why insurance companies are still not making annuities attractive and only offering meagre returns. E.g. Jeevan Akshay VII which is immediate annuity plan only offers a return of 5.4% ( with return of purchase price) where as SBI offers 7.5% annual interest rate for Senior Citizens.
Do you think these annuity plans are popular and successful for insurance companies?
Most welcome, glad you found the video and the content useful and informative.
With re: annuities, its not a simple deal. The insurance company has to estimate interest rates (aka bond yields) and returns from equities over a long period of time extending to 20, even 30 years. As an example, imagine the US in the 80s when FED rates were averaging 9% and then in the 2010s, it was 0.5%. These all information has to be factored in when constructing a 30 year old product.
The point on SBI FD is very relevant aswell. Fixed deposits are relatively short term instruments (average FD in India is 2 years) and the supply-side i.e. loans are in the bank's control. So say, SBI has offered FD at 7.5%, they will ensure that the loan is 10.5% (and not lower) so as to earn a NIM of 3%. This can't be done with annuities as they are purely an investment product. As a senior citizen, one also needs to factor reinvestment risk. For instance, say SBI FD is 7.5% today and after 4 years (at renewal), it is at 4.5%. This is the risk that an elder person faces and annuities provide protection around that. So everything has their pros and cons.
Thank you Shankar Ji for your reply and detailed explanation.