Mathura, October 12 – Increased life expectancy has made planning for retirement even more important and socially desirable in light of the fact that almost 60% of Indians are not ready for retirement, a Senior Consultant, AMFI, said in an interview to PTI today.
“The majority of Indians are not serious about financial planning and sometimes are spending beyond their means,” Surya Kant Sharma said. This becomes more challenging with the fact that many still don’t realise the importance of regular savings and investment of money, as time tested tools for having financial comfort in life.
He advised investors to use calculators available online to make sustained investments for a financial goal. “Though it is not in our hands as to how many years we are going to live after retirement, but how much money we should have for a comfortable retirement life is not difficult to know, keeping inflation in mind,” Suryakant Sharma said.
He said SEBI and AMFI are working to bring maximum transparency in the structure of the investment products in the securities market, especially in mutual fund schemes.
Surya Kant Sharma was speaking on the conclusion of World Investors Week, organised worldwide by respective securities market regulators and in India by securities market regulator Securities and Exchange Board of India (SEBI), and all stakeholders of the securities market to create awareness amongst citizens for informed investment in the securities market.
