Conviction of Mind

To know what is NPS and basic introductory details on the same, go to the previous post using the link given  here . Okay. I will be getting more than (at least risk-free?) 8% always right? Simply, What are the benefits and returns in NPS? Short Answer. No. There are many Pension Fund Management companies which will be managing your money on your behalf to get you returns for your Pension. It is again your choice to select the Pension Fund Management Companies. Based on the choice of the fund (Auto-Choice/Active Choice),                     the returns has historically varied from 4% -26% . But this cannot guarantee this will always give positive returns, as it have some equity exposure (for Active Choice, Asset Class E). But in the long run certainly, equities tend to outperform the debt and is always better. Charges: Remember this rule: If you invest more in NPS, you will end up having less charges as the char...

New Pension Scheme is introduced by the Govt. of India to provide pension for all the salaried and self-employed citizens of India. This has several useful features and benefits backed by the Government of India. How to open an NPS Account? What is the procedure? Simple. There are many POPs (Point of Presence). Almost all the public banks and some of the private banks are involved in here. You can ask the procedure through the toll free number before going there. All the State Banks, Muthoot and private banks like Axis bank, ICICI bank are some of the famous POPs available. Go to the nearest POP. Get your address proof and Id proof along with you. (PAN card and Ration card works best) If ration card is not available, get your telephone bill. Minimum Investment: Rs.6000 in a year. In installments, at least Rs. 500/- in a month. What are the advantages of NPS? * Primarily to have the planning for your retirement pension, if you are salaried/self-employed. * Good lock-in peri...