You are here: Home » PF » Features » Investments
;
Business Standard

Many choices make NPS complicated

Both debt and equity can be allocated in different proportions depending on your age and risk profile

Sanjay Kumar Singh 

The National Pension System (NPS) is gaining popularity. According to figures provided by the Pension Fund Regulatory and Development Authority (PFRDA), enrolment in the all-citizens model rose 148 per cent to 215,372 in March-end 2016, from 86,774 in March-end 2015.

The primary factor is tax benefits. "The effective tax benefits on investment in NPS increased from Rs 1 lakh in FY15 to Rs 2 lakh in FY16," says Hemant Contractor, chairman, PFRDA. This was due to the ceiling on deduction under Section 80CCD (1) being hiked from Rs 1 lakh to Rs 1.5 lakh, and an additional benefit of Rs ...

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.


We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sun, August 28 2016. 22:29 IST