Know the Essentials of Retirement Planning

A lot is happening in the mutual fund space in India. For instance, Bajaj FinServ has got an approval from SEBI to launch its mutual fund business. I am sure the mutual fund industry can only grow with a new entrant. In an interesting development that has the potential to impact the returns mutual fund investors derive by investing in different MF schemes, SEBI has proposed uniform expense ratio for mutual funds to curb mis-selling of financial products. It is learnt that SEBI has sought a possibility where all the MF schemes of a mutual fund house will carry a similar expense ratio.

As for example, equity scheme, debt scheme and hybrid scheme will carry the same expense ratio in order to avoid mis-selling. We will keep updating you on this development. Meanwhile, in the cover story for this issue, we are focusing on retirement planning which is the most important part of any financial planning. Financial planning is the most overlooked financial activity by a majority of investors. Retirement planning is an integral part of a financial planning exercise and must be conducted with utmost care and discipline. Do read our cover story on retirement planning to understand the intricacies of the same. 

We have been getting lot of queries on sovereign gold bonds and whether it is better way to invest in gold. Our special story talks about the advantages of investing in a sovereign gold bond and explains in a simple manner why it may be a better option than buying physical gold. Remain invested in 2023 as it promises a lot albeit with a pinch of volatility. MF investing is the one of the best ways to put your surplus savings at use and hence a portion of savings should regularly be parked in different MF schemes keeping in mind your financial goals. 

Yogesh Supekar
Executive Editor