Mutual fund pension plans
From Indiapensions
There are primarily two pension plans that mutual funds in India offer:
- Templeton India pension plan.
- UTI retirement benefit plan.
Pension funds are typically hybrid schemes with an orientation towards debt schemes. They generally maintain 60-40 debt-equity allocation. Investments in pension plans of mutual funds are eligible to tax benfit under Section 88 of the Income Tax Act, 1961 upto a total limit of Rs.70000 p.a.
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