To spend your golden years in peace, you must start building a retirement fund today. These investments help you become financially independent, giving you a sense of joy. With careful planning, disciplined saving, and strategic investments you can secure your future quite comfortably. Let’s explore some of the best investment schemes and opportunities available for building a retirement fund. 

Atal Pension Yojana

Atal Pension Yojana is a great opportunity for building a retirement fund as it provides a steady income at old age. People between the ages of 18 and 40 years can enrol in this scheme. You will need to make investments until your retirement at 60. After that, beneficiaries will begin receiving the monthly benefits. 

After attaining the age of 60, investors receive a monthly pension ranging from Rs 1,000 to Rs 5,000. It’s important to note that only non-taxpayers can invest in this scheme. 

EPFO

EPFO investments can also help you secure pension by consistently contributing for 19 years or more until retirement. The pension is based on the amount deposited during your employment years. 

You can increase your investment amounts through Voluntary Provident Fund. It offers attractive interest rates, making it an ideal option for long-term savings. 

National Pension System

National Pension System (NPS) is another great investment scheme. It helps you secure monthly pensions post-retirement. NPS works as a market-linked scheme and offers advantages of building a significant retirement fund. You can also get returns of up to 10 percent. 

People between the ages of 18 to 70 years can invest in this scheme. Beneficiaries receive 60 percent of the accumulated amount at the time of retirement, while the remaining 40 percent is provided in the form of a pension. Moreover, there is no upper limit on investments in this scheme. 

Mutual Funds

Investing in mutual funds through SIPs can help you build a substantial retirement fund. With long-term and consistent investments, you can achieve an average return of up to 12 percent. Before making SIP investments, conduct a thorough research by yourself. Seek guidance from a market expert if you’re a first-time investor. It is crucial to educate yourself before making any investment.

Post Office Monthly Income Scheme

Post Office Monthly Income Scheme allows you to earn a decent monthly income. In this scheme, you can invest a maximum amount of Rs 9 lakh as an individual. It offers an interest rate of 7.4 percent. Moreover, a joint account can generate a monthly pension of up to Rs 9,250, providing you financial security in old age.