Saturday, 14 February 2015

A Comment on Introduction of Mutual Fund Retirement Plans

My Comment on an article "Budget 2015: Government looking at Sebi proposal to introduce MF retirement plans with tax benefits" published in the Dated 14/02/2015 at 2:50 pm.

"It is a good proposal and needs 100% support from government. 

Introduction of Mutual Fund Linked Retirement Plan (MFLRP) will definitely attract much inflow of funds at government's disposal to aid its developmental programmes. 

It will boost the morality of retiring persons and workout towards security and rehabilitation of senior citizens. 

Foregoing a little bit of income by governments by way of taxes can add to much public funds available at their disposal."

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