Looking at ways to enhance your business & career? Log onto streetsahead.in to upgrade yourself!
SUBSCRIBE NEWSLETTER
News From Press What to choose for retirement planning — NPS or equity mutual fund?

What to choose for retirement planning — NPS or equity mutual fund?

Source: Moneycontrol Mar 15, 2019

PPF, VPF, NPS, ULIP, equity mutual funds — What should one choose for retirement? Most salaried individuals stick to EPF. And why not? A risk free, tax free instrument, which is also easy to invest into as the contribution gets automatically deducted from the salary with a matching contribution by the employer.

The recent Supreme Court ruling to add non-variable allowances like special allowance to the basic to calculate EPF contribution is a big positive for employees as they would have more at retirement. However, just EPF may not be enough to meet the expenses post retirement. Which is why private sector employers are also offering NPS on a voluntary basis. Some corporates are also contemplating using NPS for their superannuation fund.

Click here to read more>>

Click to clap
0 Comment
Be the first to comment.
Wish to stay on top of your game? Get daily tips, ideas and articles to grow your business.
Subscribe to Cafemutual Newsletter.