NATIONAL PENSION SCHEME (NPS)


What is NPS?

  • Individual savings are pooled in to a pension fund.
  • Invested by PFRDA regulated professional fund managers.
  • Fund managers invest in diversified portfolios comprising of government bonds, bills, corporate debentures and shares.
  • These contributions will grow and earn for the individual.

Advantages:

  • Flexible
  • Simple
  • Regulated
  • Tax savings
  • Transparent cost structure
  • Portable

"Deduction up to Rs.50,000 u/s 80 CCD(1B)"

Structure: 2-Tier Structure

2_Tier_Structure

Investment under NPS:

Minimum amount per contribution is Rs.500 and the minimum contribution in a financial year is Rs.6000. “No maximum limit”


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Minimum amount per contribution is Rs.500 and the minimum contribution in a financial year is Rs.6000. “No maximum limit”


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Funds managed on the pattern of a lifecycle


Exit from NPS:

On reaching the superannuation age of 60 years

  • The subscriber has to use at least 40 percent of the accumulated corpus to buy an annuity.
  • The remaining funds can be withdrawn as a lump sum either at once or in a phased manner before 70 years.

Exit before turning 60 years

  • An option to withdraw 20 percent of the accumulated savings
  • Compulsorily buy an annuity with the remaining 80 percent


Call us today at +91 9513355661/62/63/64 or Email us at info@sipfund.com

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