India's elderly population is projected to increase 2.5 times by 2050, accompanied by a rising life expectancy rate post-retirement, averaging around 20 years, said the report by DSP Pension Fund Managers.

The shares were picked up at an average price of Rs 4,680 apiece, taking the transaction value to Rs 300.32 crore.

Top 5 ETFs With Highest Return in 1 Year: Exchange-traded funds (ETFs) are mutual funds that can be traded in a share market. An investor needs a demat account to trade ETFs. ETFs come with a low expense ratio and can be bought only during trading hours.

SBI Mutual Fund House and State Bank of India launched a Rs 250 SIP early this week.

Top 5 SBI Mutual Funds by One-time Investment Return: SBI Mutual Fund is the country's largest mutual fund house by assets under management (AUM). Here are five of the fund house's top-performing schemes by one-time investment returns across fund categories, as of February 19, according to AMFI data. Read on to learn about these MF schemes in detail.

BoB:On a Rs 1 lakh investment, you will get Rs 1,40,094 on maturity while senior citizens will get Rs 1,44,285 on maturity. If you invest Rs 2 lakh, your maturity amount will be Rs 2,80,188 and senior citizens will get Rs 2,88,570.

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Learn how to calculate gratuity for a Rs 55,000 basic salary with 5.5 years of service. Understand eligibility, the formula, and factors affecting your gratuity payout for better financial planning.

444-Day Special FDs: Several leading banks, including State Bank of India (SBI), Indian Overseas Bank (IOB), and Federal Bank, have rolled out limited-period special FD schemes, offering bettern interest rates than standard FDs.

LIC's Smart Pension Plan offers multiple annuity payout frequenciesmonthly, quarterly, half-yearly, or yearlyto cater to varying financial needs.

Experts say this is a significant move that can boost competition in the countrys insurance space while enabling customers to course-correct after picking a policy in a hurry. On Monday, Finance Minister Nirmala Sitharaman said that the government had directed private sector insurance companies to extend this period to one year from one month.

Top Large Cap vs Top Index Mutual Funds in 5 Years: Large cap mutual funds have most of their investments in large cap stocks, while an index fund tracks an index and has a similar stock combination.

FDs allow you to deposit a lump sum of money at a fixed interest rate for a certain period of time and get guaranteed returns. They typically provide better interest rates than ordinary savings accounts. People who want a guaranteed return on their investment with no riskchoose fixed deposits.

Rs 250 SIP News:SBI Mutual Fund and State Bank of India (SBI) have announced the launch of JanNivesh SIP, a special initiative aimed at enabling first time-investors and small savers to park their funds in the country's booming mutual fund space.

Power of compounding in SIP:Because of compound interest, your money can grow multiple times over some time. This is calculated on the principal and the interest accumulated over the previous period.

SIP vs PPF:This article compares SIP and PPF returns for an annual investment of Rs 1.3 lakh to determine which can generate a larger corpus.