NPS is National Pension System, a voluntary defined contribution retirement saving scheme.
NPS is National Pension System, a voluntary defined contribution retirement saving scheme.
NPS Accounts Types: 1. Tier 1 Account 2. Tier 2 Account
NPS Accounts Types:
1. Tier 1 Account
2. Tier 2 Accoun
t
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Tier 1 Account: Primary NPS account aimed for retirement corpus
Tier 1 Account:
Primary NPS account aimed for retirement corpus
Tier 2 Account: Voluntarily Saving account which offer more flexibility than Tier 1 account
Tier 2 Account:
Voluntarily Saving account which offer more flexibility than Tier 1 account
Two Types of Investment Choice Available: Active Choice Auto Choice
Two Types of Investment Choice Available:
Active Choice
Auto Choice
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Active Choice: Investor can choose his/her asset class as per his/her choice
Active Choice:
Investor can choose his/her asset class as per his/her choice
Auto Choice: Money invested in asset classes as per age of investor
Auto Choice:
Money invested in asset classes as per age of investor
3 Types of Auto Choices: Aggressive: 75% Moderate: 50% Conservative: 25% Equity exposure up to the age of 35yr
3 Types of Auto Choices:
Aggressive: 75%
Moderate: 50%
Conservative: 25%
Equity exposure up to the age of 35yr
ECG of NPS: Money invested in these asset class
ECG of NPS:
Money invested in these asset class
4 Types of NPS Schemes: A Type: Alternative Bonds E Type: Equities C Type: Corporate Debt G Type: Government Securities
4 Types of NPS Schemes:
A Type: Alternative Bonds
E Type: Equities
C Type: Corporate Debt
G Type: Government Securities
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