National Pension System: Who should not invest in NPS?
The National Pension System (NPS), regulated by PFRDA, has emerged as a popular investment scheme aimed at saving for one’s retirement. NPS is essentially a market linked investment that helps accumulate one’s savings towards retirement. After opening an NPS account, one has to keep saving during the ‘deferment phase’ or the ‘accumulation phase’ and then start getting a pension from the ‘annuity phase’.
Being a market linked product, the monthly or the yearly savings in NPS can be invested in one or more assets such as equity, debt or both and the funds are managed by professional pension fund managers. For those who wish to accumulate retirement funds and get a fixed pension during their retirement years, NPS is an investment to consider.
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