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The Ultimate Guide to Financially Securing Your Retirement in India

Have you seen your grandfather or other elderly individuals living a stress-free lifestyle in their retirement age? Those early morning walks with peers, a sudden travel plan with the spouse, or ease of life as they spend time, everything seems so perfect that the younger generation even starts to desire the same carefree attitude.

If you aim for a similar retired life, it is important to plan your retirement to achieve financial independence in that later stage. Making retirement plans is not rocket science. To have a comfortable retirement, you need a significant corpus when you reach that age.

Wondering how to plan for retirement amidst the rising costs of living and uncertain market conditions? This guide will help you plan your retirement better.

How to Plan Your Retirements: Primary Steps Involved

Decide your retirement age: What is your current age, and after what age do you wish to retire? The selection of the appropriate age is in your hands. But it would help if you make an informed, realistic decision based on your financial goals and income. Determining the retirement age is critical in understanding how to invest for retirement. Remember that the sooner you start making mutual fund investments, the longer your investments will have to become a bigger corpus.

Set a realistic retirement corpus limit: Next to determining the right age, selecting an adequate retirement corpus is the next big step. It is important to consider your income, the amount you can invest in mutual funds regularly, basic expenses, and current liabilities to arrive at the right number.

Look at the available mutual fund investment options: Once you have decided on the retirement age and corpus to be accumulated, it’s time to pick the appropriate mutual fund schemes. Different mutual funds schemes work differently based on their investment objectives. For example, index funds follow the market indices and mimic their performance and composition. On the other hand, equity mutual funds are the ones that invest primarily in stocks of different types of companies.

Understanding the differences between mutual fund scheme types will help you know which ones match your investment objectives. That being said, irrespective of age, it’s never too late to learn how to invest for retirement. You can maximize the returns by leveraging the power of compounding with your preferred mutual fund selection.

Diversify your investment portfolio: If you do not want to get into the deeper truths, understand this one simple fact about mutual fund investments - do not invest all your money in one scheme. Instead, create a portfolio that includes a suitable mix of schemes, you can choose from a range of options like equity funds, debt funds, hybrid funds, and others.

Following a well-defined investment plan for retirement is much better than aiming to fulfill multiple plans chosen randomly. Make sure your mutual fund investment decisions help you reach various financial goals timely and through calculated risk.


The information herein is meant only for general reading purposes and the views being expressed only constitute opinions and therefore cannot be considered as guidelines, recommendations or as a professional guide for the readers. The document has been prepared on the basis of publicly available information, internally developed data and other sources believed to be reliable. The sponsor, the Investment Manager, the Trustee or any of their directors, employees, associates or representatives (“entities & their associates”) do not assume any responsibility for, or warrant the accuracy, completeness, adequacy and reliability of such information. Recipients of this information are advised to rely on their own analysis, interpretations & investigations. Readers are also advised to seek independent professional advice in order to arrive at an informed investment decision. Entities & their affiliates including persons involved in the preparation or issuance of this material shall not be liable in any way for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including on account of lost profits arising from the information contained in this material. Recipient alone shall be fully responsible for any decision taken on the basis of this document.

Calculator related disclaimer ( To be used whenever we are using a link or reference to any calculator

The above results are based on an assumed rate of return. Please get in touch with your professional advisor for a detailed suggestion. The results are based on an assumed rate of return. The calculations are not based on any judgments of the future return of the debt and equity markets / sectors or of any individual security and should not be construed as promise on minimum returns and/or safeguard of capital. While utmost care has been exercised while preparing the calculator, NIMF does not warrant the completeness or guarantee that the achieved computations are flawless and/or accurate and disclaims all liabilities, losses and damages arising out of the use or in respect of anything done in reliance of the calculator. The examples do not purport to represent the performance of any security or investments. In view of individual nature of tax consequences, each investor is advised to consult his/ her own professional tax/ financial advisor before taking any investment decision.

Mutual Fund Investments are subject to market risks, read all the scheme related documents carefully.

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