To sleep well, you need comfortable sheets and bedding. (File photo)
It is the turn of passive funds. Their assets under management (AUM) have grown to Rs 10.2 trillion, while that of active funds stands at Rs 50.9 trillion, as of June 2024, according to a study. Both demand and supply factors have led to preference for passive funds. The Employees’ Provident Fund Organisation and contributions from individual investors have helped the growth of passive AUM. This week’s report Main story By Sanjay Kumar Singh and Karthik Jerome on investing in passive funds.
A comfortable bed to sleep in is a luxury. The second story, by Namrata Kohli, establishes The most luxurious options in bedding materials – from pillows made from cooling fabrics to the softest sheets. This explains why thread count is important in bed sheets and why your bedroom should reflect your style. Wallpaper, rugs and artwork will make the room stylish and provide comfort.
If you are retiring within 10 years, buy a deferred annuity plan. If you are already retired, consider buying an immediate annuity plan. These are instruments that can replace the monthly income you lose after retirement. Look for Table from Policybazaar.com to compare the returns of various guaranteed pension providers.
If you are interested in an equity or debt investment that is managed in a dynamic and open manner, go for HDFC Balanced Advantage Fund. Read Morningstar reviews for more information.
NUMBER OF THE WEEK
The Union Cabinet has announced the Uniform Pension Scheme (UPS) that assures government employees 50 per cent of their last earned salary as monthly benefit for life.
The plan pays 50 percent of the average basic salary received by an employee during the last 12 months before and after retirement, calculated as a “guaranteed pension” for a minimum of 25 years of service. Pensions are paid on a pro-rata basis for shorter periods of service up to a maximum of 10 years.
The scheme will also have two other components – family pension and minimum assured pension. Under the family assured pension component of the scheme, the family members of the employee will receive 60 per cent of the immediate pension on death. Under the minimum assured pension component, employees will receive a minimum of Rs 10,000 as retirement benefit after a minimum of 10 years of service.
UPS will also have inflation indexation. Dearness relief will be provided in all three components based on the All India Consumer Price Index for industrial workers, as in the case of service employees.
First published: August 30, 2024 | 8:36 a.m. IS
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