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Invest Wise | Should you invest in the National Pension System?

Money ControlMoney Control · 2m
Invest Wise | Should you invest in the National Pension System?

The National Pension Scheme (NPS) is a retirement investment option available to all Indian citizens between 18 and 70 years old. It has two tiers, with Tier 1 being a permanent retirement account and Tier 2 being a voluntary account. NPS offers the opportunity to invest in four asset classes, providing flexibility and potential for market-linked returns. The scheme is low cost, portable across employment, tax efficient, transparent, and allows for optimum returns. Additionally, NPS offers unique features such as flexibility in choosing fund managers, tax-efficient systematic withdrawals, and a choice of annuities. However, it is recommended to not put all your retirement funds solely in NPS to ensure liquidity when needed.

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