A government-sponsored pension scheme aimed at providing retirement income to Indian citizens.
Characteristics:
- Defined contribution plan
- Market-linked returns
- Tax benefits under Section 80C and 80CCD(1B)
- Choice of asset allocation (Equity, Corporate Bonds, Government Bonds)
Portfolio placement :
NPS is ideal for long-term retirement planning. It should be part of the retirement section of an investor’s portfolio, providing a disciplined and tax-efficient saving mechanism.