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Thank me later

Nps is a good instrument?

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Eco

Stealth

7 months ago

Seems those are incorrect charts. Refer below link. Also NPS is not a good instrument, most of yours funds are locked till 60. https://pib.gov.in/PressReleseDetailm.aspx?PRID=1895286
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ElonMast

Amazon

7 months ago

Isn’t the primary purpose of retirement fund is availability post retirement ?
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Eco

Stealth

7 months ago

Yes, But it’s not debt fund either, you could get better returns in other instruments. There is lot of analysis is going around it, please google once. If employee is under new regime and there is employer contribution, then NPS is good option.
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BiryaniEnthu

Stealth

7 months ago

Already shifted to new regime, ab kya 🥺
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Sherlock007

TCS

7 months ago

I think u can change regime...2 options in an year
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samosa

Stealth

7 months ago

you can change the regime while filing for return also, no issues. Just read about it a bit.
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samosa

Stealth

7 months ago

I'm investing in all three options: 80CCD1, 80CCD1B, 80CCD2
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sleep

Stealth

7 months ago

which one is that? Are there 3 tiers for NPS?
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samosa

Stealth

7 months ago

there are tiers as well but that's a different concept there are three sections under 80CCD using which you can save tax. So you can increase deduction from 1.5L to 2L+
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Sreekanth

Unnamed

7 months ago

Yes.
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Curated from across

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Personal Finance on

by karma_

Stealth

Corporate NPS

Anyone opted for corporate NPS ? Any pros and cons ?

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Personal Finance on

by MatrixG

Accenture

Investing in NPS

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

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Personal Finance on

by ElonMast

Amazon

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

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Personal Finance on

by MonkWhoBoughtFerrari

Morgan Stanley

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

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.

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Personal Finance on

by ElonMast

Amazon

One more reason not to skip NPS

Continuing the last post on NPS, looks like govt is serious to make it an attractive product.

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Personal Finance on

by PapaPapaya

Stealth

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

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?