Capitalmind with Deepak & Shray Make your own pension
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Jun 30, 2025 Retirement planning in India is evolving. With the rise of nuclear families, individuals now have to be proactive about their future. Discussions include the choice between pension schemes like NPS and UPS, and the importance of personal investment strategies. Behavioral insights reveal how forced savings can aid long-term wealth. The concept of a 'Mera account' is introduced to boost private sector retirement savings. Practical tips on managing volatility and optimizing tax efficiency round out the conversation, making retirement planning both accessible and actionable.
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Behavioral Benefits of Forced Savings
- Forced savings work well to accumulate retirement wealth by removing the choice to spend instead of save.
- Keeping retirement funds inaccessible prevents borrowing by relatives and supports long-term discipline.
Gradually Reduce Portfolio Risk
- Shift your portfolio progressively from equities to safer instruments as you approach retirement.
- Maintain some equity exposure for growth but increase safer, less volatile assets like debt or liquid funds for stability.
Tax Efficiency vs Volatility Trade-off
- Managing your own retirement corpus is tax efficient compared to pension schemes.
- However, portfolio volatility increases with corpus size and can cause emotional distress.