Are you Post Retirement Ready

When i hear the word “Retirement” and life after that, the first thing that comes to my mind is, its too early to think on these lines, there is still time before i start planning, maybe in my mid thirty early forties, right now it’s time to enjoy life in the fast lane.

Now, you would think why we have such a mindset, well we shall rather curse our surrounding for considering the retirement scenario not that seriously and just counting on the thoughts of “Our children will take care of us” or “who knows how long i shall live”,” i rather use it when its needed”, but what they are not realizing is that if they have funds after their retirement which is accumulated in their earning phase of 30 odd years, then they could be rest assure about living a peaceful life after retirement, without worrying or depending upon their children or any third source for funds.

Every one of us has dreams to live a peaceful life after retirement, a house near the mountains or valley close to nature, roam around the globe without any hassle, play with your grandchildren and fulfill their petty needs, there are so many example and it differs from person to person on what they aspire to do after retirement.


So, when did i realized about retirement funds? Just a week back but don’t be surprised, good folks at arranged a informative session on retirement mutual funds conducted by Reliance Capital management team and invited bloggers to attend and know the benefits of Retirement Mutual Funds.

Sharing some facts and figures:

* Life expectancy set to increase due to medical advancement and affordable technology, average set to increase by 70 yrs by 2050
* India is one of the lowest in terms of retirement assets at 15.1% of India’s GDP and $128 asset/capita
* A good 3/4 of Indian population lacks sufficient funds for after retirement life.
* People are not aware of Schemes related to Retirement Mutual Funds, and hence go the traditional way of FD’s and reinvesting on it, life insurance or gold investment which have a limitations such as
Taxable Income
No growth in corpus
Low ability to fight inflation
* People believe that they will plan for Retirement post the age of 40 yrs, starting early is better.

A example that will give you a fair idea on how your current retirement investment funds wont serve you enough and how mutual funds will : A illustration:

You invested Rs.5000 every month for 30 years

If over a 30 year period, the accumulated retirement corpus was Rs. 3.46 cr from a monthly SIP of Rs. 5000 at an assumed rate of 15%, then one can withdraw an annuity of Rs. 3 Lakh per month over next 30 yrs assuming that the corpus would grow at 10% post retirement

Based on Mutual funds Retirement, 2 scheme Reliance have come up with are :
1) Wealth Creation
2) Income Generation Scheme


Some Key features to the above schemes are Flexibility To Manage Investments, Auto transfer to move from accumulation to distribution and Systematic Transactions.

A Illustration showing ideal way for invest for Youngster

A Illustration showing Ideal Way To Invest For Investors Nearing Retirement

For a smoother hassle free Retirement solution for employee, Employer can enroll and deduct systematically from salary, this can be done in a monthly single credit with their Reliance Salary ADDvantage facility.

To check out more details about Mutual funds Retirement from Reliance, please visit their website for further information: Reliance Mutual Funds Retirement Scheme.

Also check out their Retirement calculator which gives you a fair idea on how much should you invest according to the inflation in coming years you wish to invest your funds for retirement.

Reliance Digital Experience .. A Paradise

What:  Reliance Digital Experience  – Experiencing a pinnacle in consumer products retail chain !

Where: Reliance Digital, FF-52, R City Mall, Phase 2, LBS Marg, Ghatkopar West, Mumbai 

When: 9th June 2013 – Sunday

Brief About Reliance Digital:

Reliance Digital logo Red

Reliance Digital is the consumer durable and information technology concept from Reliance Retail. 

Reliance Digital seeks to fulfill the dream of every Indian, be it through its nationwide network of conveniently located stores or through its presence on the web, by providing a delightful shopping experience of products & solutions and helping them bring home the latest & best in technology from the widest selection at the lowest assured price with complete peace of mind through lifelong support.

My Experience:

Located in Ghatkopar it was a perfect location for me to visit the Reliance digital Experience store, I am a techno freak and love to check out what’s new and worth the buy, being a consumer I always consider after sales services, quality, price, brand  of the product before I purchase anything.

As I went to the Reliance digital experience, the branch manager Mr. Arul greeted me and gave me a brief on all the segment and told me to discover the segment one by one, as he was busy with other executive and clients, he couldn’tcome along with me throughout the review, but ensured that if I had any queries I could contact him!!  


The Review Phase:

The Four Pillars – Experience Zone:

  • Camera Section: Quite conveniently arranged were cameras and Dslr according to the megapixels and price range, all were operative and an executive was present to guide me accordingly to highlight the features.. Even so there were knowhow’s about the camera and dslr .. What to buy and how to buy guide .. Which was just so helpful from a consumer’s perspective ..Graphic3
  • Game Zone: Play Stations with LCD were installed for gamer to test the games and the console before they buy, mainly 2 brands console were on display and an executive was there to help out … I found it quite interesting and tried my hands on the game .. It was fun ..


  • Mobile Connect: A complete section dedicated to mobile phone and accessories, many brands and a wide variety of phones were on display, most of them were functional which helps consumers find the features and understand the product through their perspective, a know how guide on which phone to buy according to the features and which OS to choose from … a guide about it was present for consumers to understand before they purchase a mobile .. I liked the way they had put in the information .. It was worth it ..


  • Laptop Section: Here again a dedicated section for Laptops and accessories were on display … From sizes of the operating systems to processors … each detail were mentioned and a large variety of brands on offer !! A tempting deal when you have so much of variety under stipulated price range according to your budget .. Here also some knowhow mentioned such as which laptop to choose according to the requirement of the consumer.. From working professional  to students and home users …


  • Home Appliances:
  • Television – LCD’s, LED’s, Home Theatre – A huge range of products on display, I was captivated to see so much variety under one roof, well planned and put in .. From sizes and brands.. It’s just paradise for consumers..


  • Washing Machines, Microwave, Air Conditioners, Refrigerators – A good range of products and a knowhow guide for consumers to better understand on how to buy products accordingly …
  • Music Systems: MP3 players, headphones, earphones of international and national brands were on display .. with live access to the MP3s and headphones, it gives consumers that extra edge before purchasing  …
  • Home Theatre Room:  A dedicated home theatre room for consumer to  experience the 3D TV and decide before purchasing !20130609_174411

Reliance ResQ:

With a focus to provide end to end solutions related to all technology products, Reliance Digital introduced ‘Reliance ResQ’ – an exclusive Service Center that provides service and extended warranty covering most of the leading brands. This service is available on all 365 days of the year making the customer care free about the repairs or maintenance for their valued electronics or appliances.

Some  highlights of Reliance Digital

  • Nice layout of products for convenient selection
  • Consumer awareness by showcasing how to on productsGraphic1
  • Hands on live products review experience
  • Good Customer support staff
  • Easy Finance Schemes not only on credit cards but from private finance too
  • Easy EMI schemes on non consumer products like laptops, mobiles, camera & Dslr
  • “We recommend from Reliance” a Section in every Segment.20130609_174645