Which of the following statement s is are correct to pension...

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Which of the following statement/s is/are correct to pension funds?
1. Pension funds are financial tools that help you in accumulating funds for your post-retirement years.
2. Investing a certain amount regularly towards your pension fund, you will build up a considerable sum in a phase-by-phase manner.

A. 1 is correct

B. 2 is correct

C. 1 and 2 is correct

D. None of the above

Answer: Option C

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