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Reliance Mutual to launch equity oriented pension scheme

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10 years ago

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Chennai: Anil Ambani-led Reliance Group’s fund house Reliance Capital Asset Management (RCAM) will come out with an equity oriented pension scheme with tax benefits in the middle of this month, an official said Thursday.

“We have all the approvals to launch the equity oriented pension scheme. The scheme will offer tax benefits (under section 80 C of the Income Tax Act) to investors and approval from the tax department is also there,” RCAM chief executive Sundeep Sikka told.

Not wanting to put any number as to amount of fund to be mobilised Sikka said the concept is new and there is good potential in the country.

He said only miniscule population is covered under organised pension scheme and there is good potential.

“The scheme would offer monthly as well as one time investment facility and pension would start when the investor turns 60 years of age,” Sikka said.

Sikka said the two existing pension schemes from competition are debt oriented ones.

He said the proposed scheme would offer options for investments in equity and debt.

Globally pension is a big segment that provides long term fund for infrastructure development.

“The tax benefit is only the first trigger. The life expectancy in India has gone up. So people have to save for their post retirement life,” Sikka said.

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Apple is giving a huge discount on its gadgets: Details inside

Published

3 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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