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Paisa Vaisa with Anupam Gupta
Understanding the National Pension System (NPS) with HDFC Pension
Jun 19, 2023
47:46
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Quick takeaways
- NPS is a low-cost retirement corpus accumulation tool offering flexibility in choosing pension fund managers and tax advantages.
- Investing in NPS early allows individuals to benefit from the power of compounding and significantly impact their final corpus.
Deep dives
Overview of NPS
The National Pension System (NPS) is a government-promoted retirement corpus accumulation tool, started in 2004, which offers a low-cost actively managed fund. It provides flexibility for non-government employees to choose from 10 pension fund managers. NPS is a retirement product that every individual should consider as part of their portfolio due to its low cost and potential for creating a significant corpus.
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