Flexibility and autonomy are great things to have while investing. But investors already have that in plenty with several other investment products. Did the NPS need so much flexibility is the question
Outlook promising as the share of new business could rise meaningfully over the next 2-3 years
On the day of the launch, NPS Vatsalya received an overwhelming response, as 9,705 minor subscribers have been enrolled under the scheme through various Points of Presence (PoPs) and thee-NPS portal, PFRDA said in a statement on Friday.
While government employees are getting a better deal, the hit to government finances may turn out to be insignificant, under certain assumptions
The UPS protects government employees from the vagaries of market forces, providing a solid floor to their post-retirement income
The NPS component was around 12 percent of the total pension spending by Centre in FY24
Officials contend that employees who remain invested for 25-30 years are currently experiencing satisfactory returns comparable to OPS pensioners.
The company, with non-linear growth potential, is one of the best plays on India’s digital theme
Under NPS, you can make partial withdrawal of up to 25 percent of you contributions after completing five years, while premature withdrawals are not as simple – you can withdraw up to 20 percent as lump-sum after five years, but the rest has to be used to buy annuities. Then, at the time of final exit, there is the option of staggered, instead of one-time, withdrawal of the lump-sum component at maturity.
Protean’s dominant market position in the e-governance space, unique business moats, and tailwinds from growing digital penetration are positives
I-T return-filing: You can now select between the old and new income tax regimes at the time of filing your tax returns, irrespective of which option you had gone in for at the start of the calendar year with your employer. Salaried individuals can do this every year. But for professionals, the option to switch regimes is available only once.
The assets under management (AUM) of pension fund managers rose from Rs 2,202 crore in March 2009 to Rs. 8.99 lakh crore by March 2023, shows the PFRDA report
Go for 'Active' choice if you have the time and skill to actively rebalance your NPS corpus regularly; pick Auto if you want to outsource asset allocation decision-making.
The panel will be chaired by the finance secretary, T.V. Somanathan, and the three others on the panel will be the chairman of the Pension Fund Regulatory and Development Authority, another senior official from the finance ministry and a senior official from the ministry responsible for pensions, the finance ministry said in a statement.
Market participants said there was a need to harmonise tax rules on different financial products.
For subscribers associated with Protean eGov Technologies Ltd, which is one of the Central Recordkeeping Agencies (CRAs), the "requests authorised up to 10:30 AM will be settled on a T+2 basis".
Bhupesh Baghel made this demand to the prime minister days after the PFRDA rejected the state government’s request to withdraw Rs 17,240 crore accrued under the NPS.
Active choice is better suited for savvier investors, while others can choose the passive mode – auto choice - of investing.
Increase in awareness, increase in investment management fees and more avenues to invest augur well for the NPS space, Sumit Mohindra, CEO, ICICI Pension Funds Management Company tells Preeti Kulkarni
To understand the rationale behind the major changes and what they mean for NPS subscribers, we are joined by PFRDA chairman Supratim Bandyopadhyay. Tune in to Simply Save for this exclusive interview
There are eight pension fund managers to choose from and one of the ways to choose your fund manager is by tracking the returns.
Alankit Ltd (BSE: 531082, NSE: ALANKIT), part of Alankit Group and a leading e-Governance Service provider in India,
Commenting on the passage of Pension Bill in Lok Sabha, Ashvin Parekh, Senior Expert, E&Y says, it gives the new authority a lot more powers to put things together particularly in the voluntary pension area.