Investment in retirement products should be part of your overall portfolio. When you think of savings for your retirement, two familiar instruments – EPF and NPS - may come to mind instantly. One should also make the best use of these products in order to get proper tax savings as well to create a good retirement corpus.
However, before choosing between EPF and NPS, it is essential to understand the basic difference between the two. “The two instruments serve different purposes and they are typically not an “either-or” choice. EPF is more like a debt allocation, while NPS is a more market-linked potentially inflation beating retirement product,” Ajit Narasimhan, Category Head, Savings and Investment, BankBazaar said.
