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ICICI August 19 Issue.Cdr 8 Our retirement will perhaps be quite different from our parents. In the past there were defined pension schemes and other benefits to fall back on. There was also the additional cushion of a joint family to rely on for support. But with the gradual movement away from Vijay Chandok, MD & CEO, defined pension schemes the onus ICICI Securities Ltd. on securing our retirement is ours alone. The move towards nuclear families actually makes planning and securing our retirement that much more critical. Retirement planning is a two stage process - accumulation and distribution. The accumulation stage is our earning period when we save and invest our income to be able to fulfill our financial needs after retirement which is the distribution stage. The investment choices we make during this accumulating phase are the most crucial ones as we rely heavily on them in the future. The real challenge is to build a retirement portfolio with right balance of fixed income and market-linked investments. Traditionally, provident funds have been one of the favorite choices for retirement planning due to their safe and stable returns. However, with the current rate of return on Employee's Provident Fund (EPF) being 8.65 per cent and 7.90 per cent on Public Provident Fund (PPF), these schemes are essential but not sufficient to support one's retired life. Building wealth through National Pension System (NPS) can be one potential way to strategize retirement as its considerable exposure to equity gives higher scope for growth as compared to debt oriented schemes like EPF. Withdrawal restriction up till 60 years keeps you invested in equity for long-term – optimum time to build returns. One simple advice for a secure retirement is - the longer time you give your retirement fund to grow the more security you add to your life after retirement. But this plan has to be backed by strong yielding instruments. Like equity. Investing in equity for a longer duration has shown a remarkable growth in returns. Although volatile in nature, if started at a young age, long-term growth potential of equity overrides risks. For more disciplined stock investments, opt for Systematic Equity Plans (SEP) where you either buy stocks of fixed amount or fixed number of shares (irrespective of stock price) at regular intervals. Equity mutual funds are also an excellent way of taking exposure to equity and can also give tax benefit. However, it is always recommended to ascertain your asset allocation and determine the extent of equity exposure you should have in your retirement corpus. It is also worthwhile to keep having some level of exposure to equity in your retirement corpus post retirement as well. Equity can possibly be the only instrument that can help counter the increasing cost of living. Additionally, one can also consider post-retirement schemes like Senior Citizen Savings Scheme (SCSS), balanced mutual funds and tax-free bonds – for those in high tax-bracket. Investing in more than one bank fixed deposits of different maturities, known as the laddering strategy, discourages re-investment risk and can be effective retirement saving instrument. But before you decide the best instruments to invest in for your retirement it is important to actually ascertain how much money you will require for retirement. Here are some of the factors you should consider. Start with life expectancy, for how many year after you retire will you need to draw from your retirement fund. The next step is to consider your expenses today and which of those expenses would rise in the future and which could potentially cease to exit. For example medical bills could rise while your home loan EMIs will end. Once you have done this you will have a fair understanding of the monthly expense you will have to plan for post-retirement. Alternatively, it is also worthwhile to approach a Financial Planner to help plan your retirement. Our message remains the same - 'Keep investing and stay invested for your life goals'. Through this magazine and our website www.icicidirect.com we want to make an earnest attempt to partner with you in setting and achieving your financial goals. Do walk into any of your Neighborhood Financial Superstore and talk to us. ICICIdirect Money Manager 1 August 2019 Good retirement planning is a combination of money and time management. Money management, to build diversified portfolio that can secure your wealth; and time management that can give enough time to grow this wealth. In simple words, one should save as much as possible and start as early you realize because financial restraint becomes the major cause of anxiety during retirement period. Here's something on diversified portfolio: Predicting future performance of an asset can be challenging, unnecessarily risky even. And since all asset classes will not perform equivalently during favourable market times, wiser way is to pool money in maximum assets. NPS, fixed-income funds, equity, real estate are tried and tested avenues for retirement income. Depending upon your risk profile, day-to-day income needs, retirement duration, lifestyle changes and other essential expenses you can decide asset allocation of your retirement portfolio. A research report shows that one in ten people do not know what their source of income will be after retirement. Mixed responses included- continue working to fund retirement, reliance on personal pension schemes and income from other savings or investments; which only shows that many Indians understand the need and importance to personally prepare for retirement. I believe, awareness about financial products and professional support can help us construct substantial corpus and turn into a steady stream of post-retirement income. Despite believing in 'living for the day' culture, my advice, especially to young investors, is to take steps towards retirement savings form Today! Longer life expectancy, lack of family support due to nuclear family system, soaring medical costs, rising inflation, job-hopping attitude, lack of government sponsored pension schemes - makes it all the more necessary to plan your retirement now. Calculating cost of living after retirement is the most significant figure in your retirement plan. Our cover story takes you through elements and products to consider while getting down to that ballpark figure. So stay updated, plan a happy retirement and keep reading to stay financially fit. Do write us back at [email protected] any queries or feedback. Your magazine is now also available on www.magzter.com, a digital newsstand. Editor & Publisher : Abhishake Mathur, CFA Editorial Board : Sameer Chavan, CWM®, Pankaj Pandey Coordinating Editor : Rhea Miranda Editorial Team : Nithyakumar VP CFPCM, Sachin Jain, Research Team ICICIdirect Money Manager 2 August 2019 MD Desk ............................................................................................................... 1 Editorial................................................................................................................. 2 Contents................................................................................................................ 3 News.................................................................................................................... 4 Stock ideas: IDFC First Bank and PNC Infratech.................................................. 5 Flavour of the Month: All you need to know about retirement When you talk about retirement the only question that arises is, have you collected enough for your living? We are uncertain of the expenses that will occupy in future, thus planning only before retirement is not sufficient. Post your retirement there has to be investments that keep an ongoing cash inflows. Planning for retirement should be such that even if your life expectancy increases you have that corpus to suffice your requirements. This article provides you ways to invest, post your retirement. Read more...................................................................................................................................... 14 Tête-à-tête: It's better to plan rationally! Is my taken action right for the retirement? No matter how many dreams you list down it should be fulfilled even post your retirement. This article is supported by our expert Mr. Abhishake Mathur, SVP and Head - Investment Advisory and Service, ICICI Securities in bringing out the measures to plan your financials during retirement....................................................................... 26 Ask Our Planner Our financial expert answers your personal finance queries ......................... 33 Mutual Fund Analysis Which are the top performing mutual funds in current market scenario? Check these top infrastructure funds recommended by our research team... 41 This month on iCommunity Look out for an extraordinary financial learning platform for traders and investors.............................................................................................................. 55 Equity Model Portfolio....................................................................................... 56 Quiz Time........................................................................................................ 60 Prime Numbers................................................................................................. 61 ICICIdirect Money Manager 3 August 2019 Mukesh Ambani unveils Jio Fiber & the mother of all set top boxes Mukesh Ambani has finally unleashed his triple
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