It is important to consider the portfolio’s average return and the sequence in which those returns were earned to create a foolproof investment portfolio.

Financial planning is vital both during the accumulation and retirement phases, so depending on your financial needs, formulate a strategy that serves you best.

When they return to India, it is mandatory for non-resident Indians (NRIs) to change their residency status and NRE/NRO account to a resident bank account in existing mutual funds.

Senior citizens can open a new savings bank account for online investments in mutual funds and other assets to minimise the risk of fraud and should opt for ultra-short-term funds post-retirement.

Using the entire NPS proceed towards buying an annuity plan is not recommended as annuities are fully taxable, the rates are low, and payments are fixed. Instead, divide it suitably into annuity, debt, and equity.

Investing in equity mutual funds via Systematic Investment Plans (SIPs) will enable you to seize the compounding power of the market and help achieve your long-term financial goals.