Is NPS a right investment avenue for individuals?

Pension plans provide financial security and stability during old age when people don’t have a regular source of income. Retirement plan ensures that people live with pride and without compromising on their standard of living during advancing years.

Pension scheme gives an opportunity to invest and accumulate savings and get a lump sum amount as regular income through an annuity plan at retirement. In present scenario statutory savings such as EPF/GPF, NPS and PPF are not enough for retirement corpus.

NPS is a low cost, tax efficient, flexible and easily accessible and portable retirement saving account, under two Tier system, operate from anywhere in the country with a minimum annual total contr

ibution of ₹6000 for Tier I account, which is mandatory and a minimum annual total contribution of ₹ 2000.00 for a Tier II account, which is optional.

Return percentage (%) of NPS Tier-I of five Pension Funds of asset allocated under three categories such as Equity-E, Corporate Debt- C & Govt. Securities- G from Jan, 15 to Jan, 18 are as under:

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