Industry body Amfi has asked the government to introduce a mutual fund-linked retirement plan on the lines of highly-popular 401k pension plans in the US.
The 401k plans are very popular in the US and act as additional retirement savings for citizens beyond pension plans provided by the government and their employers. Along with tax benefits, these plans are also known to provide good returns to their investors.
Schemes similar to 401k of the US can be found in ma ..
