PUNE: Investment and financial market experts, speaking at the Smart Money 2022 seminar organized by the Pune Investment and Financial Ambassadors Association (PIFAA), said people should seek professional help in the investment market, so as to plan an easy and comfortable investment retirement.
The seminar was held in Pune at the Bal Shikshan Mandir hall in Kothrud. Speakers also lamented the small size of the pension plan market in India, compared to other less populated countries.
“Over 75% of Indians do not have a retirement plan. While the United States, with a population of 32 crore, has pension fund assets of $35 trillion, India, with a population of 138 crore, has pension funds of just $249 billion. Having an appropriate investment at an early age will be key to a financially comfortable retirement life,” said Swarup Mohanty, CEO of Mirae Asset Investment Managers.
Other speakers at the event included Jatinder Pal Singh, CMO of Mahindra Manulife, KR Hariharan, Head of Learning and Development Segment at Axis Mutual Fund, among others including PIFAA board members.