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Pension funds

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(Querist)
28 July 2011 I have seen an ad for pension scheme it was i think for SBI, there was a confusion in that about Account type Tier 1 and Tier 2 what is that can anyone explain, and for pension schemes which AMC is best
Girish
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
23 August 2011 Tier 1 and Tier2 bonds are having difference in interest rates as well as
certain difference difference towards risk exposure. Means Tier II fund invested more in equity.
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You may Consider LIC's Pension Schemes also.
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