NISM Series XVII: Retirement Adviser Certification Examination Notes

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  • Defined Benefit (DB) Plans: In DB plans, the employer guarantees a fixed pension, bearing the investment and longevity risks.
  • Defined Contribution (DC) Plans: In DC plans, the employee bears the risk, as the pension depends on contributions and investment returns.
  • Time Value of Money: Understanding the time value of money is crucial for making informed saving and investment decisions for retirement.
  • Compounding Effect: Regular savings and early investment leverage compounding to significantly increase the retirement corpus.
  • Real Rate of Return: The real rate of return accounts for inflation, providing the effective growth of investments.

NISM 17 Retirement Adviser

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