What’s the underlying asset for NPS & MF?

Both are equity. But in NPS around 75% equity and other are debt. With time equity percentages get decreased. NPS is a govt scheme. We can only withdraw NPS fund after age of 60.

Software Developer

So aren’t you comparing Apples to Oranges?

Product Manager

Yeah you should be because it saves you tax in the long run

The employer contribution of 10% is completely tax free.

Engineering Manager

I didn't find it attractive for many yrs , until recently when I ran the math and checked the retirement prospects. 
  
 As commented by others here, immediate tax benefits in old regime is a good benefit. But in long term, tax savings on withdrawal at a lower cost than other MFs, especially with an additional mandatory lock-in, is all pros in my view.

Software Architect

Should we invest in NPS if you are falling under higher tax bracket of 30%? I am having income of 20+ LPA. I did some calculations investing same amount of money in mutual fund sip the return is mu...

Welcome to Software Engineers's Private Community

Should we invest in NPS if you are falling under higher tax bracket of ~30%? I am having income of 20+ LPA. I did some calculations investing same amount of money in mutual fund sip the return is much higher than NPS. What confuses me is it actually worth just for saving tax on 50k? As I only intend to invest 50k for tax purposes only. 

Please kindly suggest some for your thoughts and insight.

Is investing in NPS worth it?

Is investing in NPS worth it?- Grapevine

Welcome to Personal Finance's Private Community

Consider investing in NPS and taking the tax benefit (however locking money until 60 atleast) vs investing in mutual funds.

Please share your thoughts if its worth the tax benefit.

Any opinions about if one should invest in NPS or not.

Equity Research

I am planning to invest in National Pension Scheme. Is it a wise decision or any better options for retirement planning? And if you have already invested pls suggest which one to invest in. 

Please let me know your views if you have invested or planning to in future

Investing in NPS

Application Analyst

NPS 80 CCD(1B) is the best low cost option if you can save additional 50k per year. It comes with a long lock-in but since we mostly don’t have jobs with pensions so it’s worth to get lakhs of Rupees when we retire. March is around so if anyone wants to invest quickly and save tax, can message me. Happy to help!

NPS is best for 7LPA+ salaried. Are you investing? If not, why not?

Founder

I've completed 1 year in my first job. I've tried saving and investing some money, help me decide what I can do better:

Income: 22LPA

PPF: 3 Lakh
EPF: 2 Lakh
MF: 5 Lakh
Saving Account: 4.5 Lakh

Income for new FY post increment: 29LPA

I did these savings based on some advice from my elder brother.

I'd like to spend more this year though, with some travel and going out more, maybe even purchase a scooty/bike and a PS5 😁 - would these expenses be justified?

Apart from improving my savings & investments and 
still being able to afford a few luxuries, I want to know if I should get any of these:

- Health Insurance - Only 5 Lakh cover from company for me and my parents (note - parents are getting old)
- Life Insurance - Do we really need it, I'm still 24?

1 year in first job, please help me assess and improve

Software Engineer

Welcome to IT Company Discussion's Private Community

Requesting assistance on choosing Rs. 1800 as PF amount or 12% of basic pay as PF.
I know 12% of basic pay will also increase employer's share and it is good but any other thoughts and benefits with Rs. 1800 option?

P.S. i am in 30% tax bracket

Should i keep Rs. 1800 as fixed PF amount or go back to 12% of Basic Pay as PF?

Solution Architect

Anyone opted for corporate NPS ? Any pros and cons ?

Corporate NPS

Product Head

Thank me later

Senior Consultant

An extra drop of tax benefit from already squeezed salaried lemons.

Hi folks, I have recently started investing after repeatedly being told to not hoard my money in savings, wanted to know how/how much other people invest. 
Current portfolio:
Equity: 2.5 L ( banking, fmcg, ETFs)
Mutual Funds: 1.1 L ( Navi Index fund - 10 k per month sip, SBI Liquid Fund - 10k per month)

I feel that I should invest more since i dont have any financial dependents on me right now, but dont know how much and dont want to  put my hard earned money somewhere I won’t see it ever.

Tc: 30 LPA
Exp: 2 years

Need Investment Advice

I invested in Mutual fund through SIP.
Total profit was 6k after 1 year (Total invested amount around 60k)
Today I saw monthly NPS statement of June 2024 month. This NPS contribution consist of company contribution and person contribution of ₹100 per month.

Total gain is 13399 for 60397 total contribution.
I am surprised to see higher returns on my NPS than my Mutual fund investment.

Is investing in NPS worth it?

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