Unlocking Retirement Prosperity: How NPS Remains Cutting-Edge
Mint Mumbai|February 15, 2024
The main reason for NPS's popularity is the consistency of returns and cost-efficiency
SHYAMSUNDAR BALIGA
Unlocking Retirement Prosperity: How NPS Remains Cutting-Edge

The National Pension System (NPS) is one of the most cost-efficient retirement planning products that comes with a prudent risk management framework and close regulatory oversight. The NPS ensures a comfortable retirement by combining market-linked returns with disciplined savings and power of compounding. With growing awareness, the NPS has attracted a lot of interest and growth. As a result, its assets under management (AUM) has now crossed ₹10 trillion.

The most prominent reason for its increased awareness and popularity is the consistency in investment returns and cost-effectiveness. The NPS has consistently delivered superior returns compared to alternative products and inflation, with equity schemes generating approximately 12.8% per annum and debt schemes around 9% per annum over the last 10 years. This can be compared with current interest rates of EPF at 8.15%, PPF at 7.1%, and various small saving schemes ranging from 6.7% and 7.7%.

It is worth noting that NPS continues to evolve and improve through subscriber-friendly measures introduced by the Pension. Fund Regulatory and Development Authority (PFRDA).

Bu hikaye Mint Mumbai dergisinin February 15, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Mint Mumbai dergisinin February 15, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MINT MUMBAI DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
PAN 2.0 must aim to end fraud via impersonation
Mint Mumbai

PAN 2.0 must aim to end fraud via impersonation

It's welcome that tax authorities are simplifying processes for holders of permanent account numbers. The tech overhaul should also ensure sufficient checks to minimize PAN-theft fraud

time-read
2 dak  |
November 28, 2024
Capturing the vintage romance of Havana
Mint Mumbai

Capturing the vintage romance of Havana

The photographs focus on the resilience of Cubans—of keeping music, dance, and laughter alive in the face of various challenges

time-read
3 dak  |
November 28, 2024
A treasure trove of recipes from Jahangir's royal kitchen
Mint Mumbai

A treasure trove of recipes from Jahangir's royal kitchen

Food historian Salma Yusuf Husain has translated a 17th century Persian manuscript with 120 rare recipes

time-read
2 dak  |
November 28, 2024
Eye contact at meetings must get the attention it needs
Mint Mumbai

Eye contact at meetings must get the attention it needs

Remote work is here to stay but virtual meeting platforms have not addressed their key point of inferiority

time-read
3 dak  |
November 28, 2024
Economic advice for Trump and Powell: First, do no harm
Mint Mumbai

Economic advice for Trump and Powell: First, do no harm

Policy moves should help sustain business dynamism in America

time-read
3 dak  |
November 28, 2024
Internal audit: AI will transform it by staying vigilant in real time
Mint Mumbai

Internal audit: AI will transform it by staying vigilant in real time

Embracing tools of artificial intelligence will enable IA to play a vastly enhanced role in delivering value to organizations

time-read
3 dak  |
November 28, 2024
Mint Mumbai

We should fix the business of opinion polling in India

Pollsters need self-regulatory mechanisms that can set standards and ensure transparency

time-read
3 dak  |
November 28, 2024
Resolving disputes over public procurement: Let's aim higher
Mint Mumbai

Resolving disputes over public procurement: Let's aim higher

It has been a pivotal year for reforms but India needs more to vie for leadership in dispute resolution

time-read
3 dak  |
November 28, 2024
Mint Mumbai

Are multi-asset funds a good option amid the market rally?

MAAFs are structured to invest in a mix of asset classes, offering diversification benefits

time-read
4 dak  |
November 28, 2024
RETIREMENT READY? HERE ARE SOME ESSENTIAL TIPS FOR FINANCIAL SECURITY
Mint Mumbai

RETIREMENT READY? HERE ARE SOME ESSENTIAL TIPS FOR FINANCIAL SECURITY

57% of urban Indians worry their retirement savings will deplete within a decade

time-read
3 dak  |
November 28, 2024