When a National Pension System plan matures, it is mandatory for subscribers to buy an annuity plan with at least 40 percent of the accumulated funds. The remaining 60 percent can be withdrawn as a lump sum and is tax-free, although subscribers can increase the amount over and above the mandatory 40 percent that needs to go into annuities.
Valuations in Indian markets have become reasonable: Mirae's CIO Surana
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