India Business News: NPS debt funds have also demonstrated superior performance compared to mutual fund debt schemes. In the previous year, the NPS Tier II Gilt and Corpor
According to the NPS calculator, a monthly investment of Rs 10,000 in an NPS account for 30 years with a 60:40 equity to debt ratio will result in a lump amount of Rs 1,36,75,952 and annuity purchase will result in a pension of Rs 45,587.
Updated Apr 17, 2021 | 08:57 IST
PPF and NPS are two most popular long-term investment schemes which has multiple benefits. But which one will make you crorepati faster? Let s find out using PPF calculator and NPS calculator PPF or NPS: Which will make you crorepati faster | Photo Credit: Thinkstock
Public Provident Fund (PPF) and National Pension System (NPS) are among the most popular retirement schemes. While PPF is solely debt-oriented backed by the government, NPS is market-linked consisting of both debt and equity. While PPF fetches a floating rate of interest determined by the government every quarter, NPS returns are based on investment mix and market but the latter is heavily regulated.
Updated Mar 09, 2021 | 07:14 IST
NPS schemes outperformed as the equity and debt schemes by all the pension fund managers gave double-digit returns in the last one year NPS schemes gave double-digit returns last year. Know about returns, taxation rules | Photo Credit: BCCL
New Delhi: National Pension Scheme (NPS) is a pension fund backed by the government and regulated by PFRDA (Pension Fund Regulatory and Development Authority). This scheme aids in the accumulation of a retirement fund. This scheme is open to every Indian citizen those who are in the age group of 18 to 65 years. An individual of unsound mind or a current NPS holder, on the other hand, is not permitted to open a new account. As a result, an individual can only have one NPS account. Let s talk about the most recent NPS exit and withdrawal guidelines for 2021.