NPS ACTIVE INVESTMENT OPTION
How to save Rs 91,000 in tax using NPS, salary perks
Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.
Get 60% higher pension by delaying your NPS exit by 5 years; know how NPS continuity and deferment options can help you
NPS exit: Many people who have not saved enough for retirement income in NPS they need to know about the options they have at the time of exit at the age of 60. By exploring deferment, continuance, and systematic withdrawal options, individuals can optimize their NPS corpus for long-term financial security and flexibility. A delay in exit can not only save taxes but can help you build big retirement kitty and hence higher pension.
18 major NPS changes in last 6 months: New online withdrawal facility to changes in NPS transaction statement
New NPS rules: The National Pension System CRAs registered with the Pension Fund Regulatory and Development Authority (PFRDA) are consistently improving their systems. Here are the important NPS functions recently announced to enhance user experience and operational simplicity.
New NPS investment option Balanced Life Cycle Fund to help you build bigger retirement corpus; PFRDA to launch it in July-September
NPS Balanced Life Cycle Fund by PFRDA: The NPS auto choice option is suitable for those NPS subscribers who find it difficult to decide when and how much to invest in each asset class. As the equity exposure reduces each passing year, the NPS subscriber does not need to manage the allocation according to the risk appetite actively. Now the equity exposure in the Balanced Life Cycle Fund has been increased till the age of 45. So several young NPS customers will benefit from it.
2 multi cap mutual funds turn Rs 30,000 monthly SIP into Rs 1 crore in 10 years
Investing Rs 30,000 monthly in two multicap funds, managed by ETMutualFunds, turned into Rs 1 crore in 10 years. Quant Active Fund and Nippon India Multi Cap Fund achieved this milestone, with XIRRs of 22.90% and 18.16% respectively.
PFRDA to introduce new life cycle fund option by September
Life cycle fund provides an option of investment to subscribers and allocation of equity and debt depends on the option chosen by them. There are different investment choices (Auto/Active) for tier-1 and tier-2 National Pension Scheme (NPS) accounts.
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NPS investment for retirement: Want better return from your NPS? Follow this one tip
The National Pension System (NPS) is one of the most popular investments that helps to build a retirement corpus. While subscribing to NPS, you get two investment options — 1) auto or 2) active. Which one should you choose? Which option will help you to accumulate wealth in the long run? Let's find out here. NPS broadly requires you to invest in two asset classes — equity and debt. The debt portion is then divided into corporate bonds, government bonds, and so on.
ITR filing: Compare your tax outgo in old and new tax regime before finalising one for FY24
Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments. TaxSpanner estimates that Vivek Jaiswal can have a surplus of almost Rs.60,000 if his salary is rejigged to include tax-free perks and if he opts for the new tax regime. Here's how
Types of NPS accounts: 4 differences between NPS Tier 1 and Tier 2 accounts
The NPS, a government pension scheme, offers Tier I and Tier II accounts with different functions. Tier I is for retirement planning with withdrawal restrictions, while Tier II is a flexible savings account.
I received Rs 70 lakh after retirement. Where should I invest this amount for good return?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
India bankers brace for IPO surge as election uncertainty lifts
About $3.9 billion has been raised in India via IPOs so far this year, more than double the same period in 2023, and a tally that’s higher than the combined amount raised in South Korea and Hong Kong, according to data compiled by Bloomberg.
Why young traders are losing money in options
Options trading has lured young traders with the promise of quick riches through social media hype. However, a recent study found that 85% of young traders incur losses within their first year due to a lack of understanding of options strategies.
I received Rs 18 lakh from sale of ancestral property. Where should I invest this money for the next 3-5 years?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
Indian fund managers embrace Warren Buffett's advice: The rise of index funds in India
Indian fund managers are embracing Warren Buffett's advice by turning to index funds, which offer simplicity, low cost, and stability. The rise of index funds in India has revolutionized the investment landscape globally and locally.
NPS investment: Why exit barrier is the biggest positive feature of the NPS, explains Sriram Iyer of HDFC Pension
Many individuals have concerns that their money will get stuck in the NPS till retirement. That’s not necessarily a bad thing because the money is at the right place. Investment returns can be enormous if held for the long term, Sriram Iyer tells ET Wealth.
Hargreaves Lansdown's biggest shareholder open to take company private, say sources
Peter Hargreaves rejects a 4.67 billion pound takeover bid from CVC Advisers and Abu Dhabi Investment Authority, deeming it undervalued.
The Importance of Passive Investing to Achieve Your Wealth Goals
Gaurav Doshi, Principal Officer & Fund Manager at 360 ONE Wealth Open, advocates passive investing as crucial for long-term portfolios amidst the debate between Active and Passive strategies.
Where should I invest Rs 1 crore to get monthly income of Rs 1 lakh?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
Where should you invest when saving for retirement?
The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.
GameStop and AMC tumble as meme stocks rally deflates
Unlike 2021, when Reddit users banded together to target highly shorted stocks that burned the bearish bets of hedge funds, institutional investors too were part of the meme-stock mania, Vanda Research, which tracks retail investor flows, said.
GameStop, AMC slide further as meme stocks rally tapers off
Retail darlings GameStop and AMC continued their slide for a second straight session on Thursday, as the euphoria over the return of "Roaring Kitty", who was the central figure in 2021 meme stock rally, fizzles out.
Looking to invest Rs 25,000/month to get Rs 1 crore in 10 years? Read on
Equity mutual funds like Quant Small Cap Fund and Nippon India Small Cap Fund, have shown significant growth, with high XIRR percentages over the years.
How to plan your income tax savings for FY25 using ELSS mutual funds?
Plan tax savings for FY25 with ELSS funds. Invest Rs 1.5 lakh early using lumpsum, SIP, or STP. Consider various investment options for Section 80C benefits. ELSS offers higher returns than traditional options.
Low charges, high returns, income tax benefits — 5 reasons to choose NPS for retirement planning
The NPS for the general public completes 15 years this week. Over the years, the NPS has undergone many changes and become more investor friendly. The Pension Fund Regulatory and Development Authority (PFRDA) has made the scheme more flexible and introduced new features. It has also made it easier to open an NPS account. Here are five reasons why you should invest in it.
NPS is a long-term investment with very low costs, low risk profile: Rahul Bhagat, CEO, DSP Pension Fund
Annuity should not be a sore point, because it offers a fixed and assured income for life. It is like a fixed deposit for the rest of your life. An annuity does away with the reinvestment risk and the risk of longevity. At least some part of the retirement portfolio should generate a fixed and assured income, Rahul Bhagat tells Babar Zaidi
A take on Index Funds and ETFs
Active vs. passive investing compares Index Funds and ETFs. Index Funds provide stability and cost-effectiveness, while ETFs offer intraday trading flexibility and transparency. Warren Buffet favors passive investing for long-term wealth creation, emphasizing the impact of fees on retirement income.
NPS: How PFRDA plans to make National Pension System investments safer for government employees
National Pension System : The Pension Fund Regulatory and Development Authority (PFRDA) has released an advisory about how NPS investments by government sector employees could be made safer by following certain advisories. These advisories relate to the entire NPS investment process starting from the investment stage to maintenance stage to withdrawal stage.
Income tax savings FY2023-24: 5 tax-savings options other than Section 80C
Section 80C is the most well-known tax deduction that salaried individuals usually use to save income tax. The tax deduction limit of Section 80C under the Income-tax Act, 1961 is Rs 1.5 lakh every financial year. If you have already exhausted the limit of Section 80C, where can you invest to save tax in the current financial year? Here are some of the options for you. Do keep in mind that you have to invest by March 31, 2024, to save income tax for the financial year 2023-24.
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