Does NPS make investment sense now?
High returns, low cost and tax benefits make NPS attractive. But there’s more to analyse
The budget announcement for financial year (FY) 2016 has made the National Pension System (NPS) more attractive. Investors will get an additional tax deduction of ₹ 50,000 if they invest in NPS. Also, doors have been opened for the scheme to compete with the Employees’ Provident Fund (EPF) by allowing an employee the option to choose between the two retirement vehicles.