The last sentence answered my doubt.. "Derive your freedom from investment and MF will only offer this freedom". Being a professional, I do not have the benefit of employer NPS. With next tax regime and the lock-in period, NPS does not suit. Thank you DK Sir.
Considering tax treatment on redemption and fund management charges, which is better for long term investment (say for retirement) - SIP in NPS TIER-2 (75% Equity) OR SIP in Equity Mutual Fund?
Hello @abhinavtripathi7450: One can claim deduction from taxable income on investing NPS under three sections. 1) Of up to Rs 1.5 lakh u/s 80C; 2) Voluntary contribution of up to Rs 50,000 u/s 80CCD (1B) 3) On employer’s contribution of up to 10% of the basic salary and dearness allowance (14% in case of govt employee) under the section 80CCD (2). Under the new tax regime, only the third deduction (on employer’s contribution) is available. I hope this solves your query.
I agree with Dhiren here....My primary concern with NPS is 40% mandatory annuity at retirement...one who is looking at a large mutual fund portfolio should be guided by freedom and not sofisticaed things
My only concern with NPS is lack of liquidity till the age of 60. Everything else is fine..
One of the best advise investors will get on MF, Risk and Equity. Have known Mr Dhirendra since 30 yrs. Thank you
The last sentence answered my doubt.. "Derive your freedom from investment and MF will only offer this freedom". Being a professional, I do not have the benefit of employer NPS. With next tax regime and the lock-in period, NPS does not suit. Thank you DK Sir.
Sir. How frequently is NPS auto balancing done? I tried to search but didn't find any answer.
Considering tax treatment on redemption and fund management charges, which is better for long term investment (say for retirement) - SIP in NPS TIER-2 (75% Equity) OR SIP in Equity Mutual Fund?
please make a video on NPS tier 2 and its comparison to MFs.
Under which sections in old regime can a person claim deductions in Nps whose only source of income is interest income from banks and postoffice
80C Or 80ccd
How are the liquidity and tax implications on redemption on maturity compare with mutual finds
does rebalancing happens automatically in active choice? how frequent this rebalancing happens?
Useful content
Glad to hear that
Is NPS investment deductions allowed in new tax regime ?
No
Hello @abhinavtripathi7450: One can claim deduction from taxable income on investing NPS under three sections.
1) Of up to Rs 1.5 lakh u/s 80C;
2) Voluntary contribution of up to Rs 50,000 u/s 80CCD (1B)
3) On employer’s contribution of up to 10% of the basic salary and dearness allowance (14% in case of govt employee) under the section 80CCD (2).
Under the new tax regime, only the third deduction (on employer’s contribution) is available.
I hope this solves your query.
Is it beneficial for me to invest in NPS when I am retiring next year?
No
nps must be availed by all..no doubt..this video is suggesting it as an option 🤔.
I agree with Dhiren here....My primary concern with NPS is 40% mandatory annuity at retirement...one who is looking at a large mutual fund portfolio should be guided by freedom and not sofisticaed things
It is ofcourse an option. People who knows about market have other mutual funds with no lock in and better returns(even with tax)
Internet banking apps : Open NPS.
Financial management apps : RETIREMENT mutual funds.
Both are the same?! else what's the difference