A Project Report On

“A STUDY ON AWARENESS AND PRACTICES OF RETIREMENT PLANNING

Project Report Submitted To

SAVITRIBAI PHULE PUNE UNIVERSITY

In Partial Fulfilment of the Requirement

for the Award of Degree of

MASTERS OF BUSINESS ADMINISTRATION

SUBMITTED BY

Payal Kharmale (75) Pooja Suryawanshi (77)

Tanvi Guru (128) Radha Surve (85)

Arjun Shedage (115) Rushikesh Wankhade (100)

MBA I (Division D)

Under the Guidance of

Dr. Sadhna Ogale

S.K.N SINHGAD SCHOOL OF BUSINESS MANAGEMENT, AMBEGAON (BK),

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 DECLARATION

Our group undersigned, hereby declare that the Project Report entitled “a study on awareness
and practices of retirement planning schemes in Maharashtra ” written and submitted by me
and my group members to the Savitribai Phule Pune University, in partial fulfilments of the
requirement for the award of degree of Master of Business Administration under the guidance
of Dr. Sadhana Ogale. This is my original work and the conclusions drawn are based on the
material collected by group members.

Place: Pune

Date: -02-07-2022

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 ACKNOWLEDGEMENT

Amongst the panorama of people who provided me inspiring guidance an

We are deeply indebted to Prof. Dr. Sadhna Ogale, my research guide, SKN
Sinhgad School of Business Management, Pune without her help completion of the project
was highly impossible.

We wish to express a special thanks to all teaching and non-teaching staff members
SKN Sinhgad School of Business Management, Pune for their forever support. Their
encouragement and valuable guidance are gratefully acknowledged. We would like to
acknowledge all my family members, relatives and friends for their help and encouragement.

Place- Place Name of the students

Date- 01-07-2022 Payal Kharmale (75)

Pooja Suryawanshi (77)

Tanvi Guru (128)

Radha Surve (87)

Arjun Shedage (115)

Rushikesh Wankhade (100)

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 INDEX

CHAPTER TOPIC PAGE NO.

2 Objectives 5

3 Research methodology 6

4 Data analysis 7-22

5 Findings and conclusion 23

6 Bibliography 24

7 Appendix 25

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 INTRODUCTION

Just a few decades back, most people didn't have to worry about retirement planning as they
had a hefty pension that served as their security blanket in their sunset years. But, with the
increase in private-sector jobs, a steady rise in inflation and average lifespan, today it has
become mandatory to plan for one's retirement. And, as financial experts often advise, "It's
never too early to plan for retirement."
Today, there are plenty of ways to build a substantial retirement corpus that helps you enjoy
the golden years of your life without any financial worries. Retirement plans are one of the
best investment products for retirement planning. Here, in this guide, we provide you with all
the information required to enjoy a graceful and stress-free retirement with the right
retirement insurance plan.
What is a retirement insurance plan? A retirement plan (also known as a pension plan) is a
specific type of insurance policy that helps individuals build a retirement corpus with regular
investments for several years.

OBJECTIVES

1. To study awareness about retirement planning.

2. To study investment preference for retirement planning.

3. To compare various retirement plans.

4. To find out how many people are aware or having knowledge about retirement
planning.

5. To know investing habits of people.

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 RESEARCH METHODOLOGY

Primary Sources

The primary source of collecting data for research is:

Questionnaire filled by the people

Our research is based on primary data because we have collected data from different people
for the first time.

We have filled up questionnaire from different people we have gathered the first hand data.
That’s why our research topic is followed by primary data.

Secondary source

In this study the secondary data is collected from the parents and friends.

Sample size

For the purpose of proper survey, there is need for perfect research instruments to find out
sample size more accurate results.

The sample size is 93 respondents.

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1. Data analysis & interpretation

Gender percentage
Male 68.8%
Female 31.2%

31.20%

68.80%

male female

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2. Age

8
 3. Location

place Percentage
Village 32.3%
city 67.7%

32.30%

67.70%

village city

4. Occupation
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 salaried 51.1%
Self employed 29%
Retired 6.5%
other 5.4%

5%
7%

29%

59%

salaried self employed retired other

5. Per month income

10
6. Per year income

11
7. Monthly invest amount

12
8.Monthly expenses amount

13
9.Are you aware about retirement planning?
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 9.70%

90.30%

yes no

10. At what age are you planning to get retired?

35.50%
29.00%

40-50 50-55 55-60 above 60

11. Have you done any retirement planning?

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 10.80%

89.20%

yes no

12. If yes then choose below options

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13. Have you taken any help for retirement planning? If yes then
please select option

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14. How much % of interest you are getting on your retirement
scheme?

19
15. Rank your investment for retirement planning

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 0.065

0.226

0.441

mutual fund fd retirement policy other

16. How many years left for your retirement?

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 Findings suggestions & conclusion

In this survey we concluded that, near about 89% people are aware about retirement planning.
35% people want to get retired at the age between 50-55 and 29% people want to be retire at

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the age between 55-60. From this survey we get to know that SBI life-Pension scheme is
most popular retirement planning scheme among the people. 58% people have taken help of
financial advisor for retirement planning. Most of the people are getting between 5-7% of
returns on their retirement plan. Near about 44% people give preference to mutual fund for
their retirement planning and near about 27% people prefer FD for investment

Bibliography

1. Questionnaire design: how to plan, structure and write survey material for effective market
research.
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Website-

1. https://taxguru.in

2. https://www.investopedia.com

Appendix

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 “A STUDY ON AWARENESS AND PRACTICES OF RETIREMENT
PLANNING SCHEMES IN PUNE”

1. Name

2. Age

3. Gender

Male
Female
4. Place

Village
City

5. Occupation

Salaried
Self - employed
Retired
Other

6. per Month Income

7. per year income

8. Your monthly investment amount

9. Your monthly expenses amount

10. Are you aware about retirement planning?*

Yes
No

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11. At what age are you planning to get retired?*

40-50
50-55
55-60
Above 60

12. Have you done any retirement planning?*

Yes
No

13. If yes then choose below options*

National pension scheme

14. Have you taken any help for retirement planning? If yes then please select option*

Financial advisor
Friends / family
Seminars
Other

15. How much % of interest you are getting on your retirement scheme?*

16. Rank your investment for retirement planning*

Mutual funds

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FD
Retirement policy
Other

17. How many years left for your retirement?*

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