I have a mandatory National Pension Scheme account. By way of information, I would like to post the performance of my three NPS mutual funds from time to time. I repeat, this is only for information only and not a recommendation. Many government employees read freefincal.
If NPS is not mandatory for you, DO NOT SUBSCRIBE. It is a downright terrible product with severe restrictions on how much you can withdraw and poor taxation rules. Stick to good old EPF + PPF for debt.
Some people argue that the NPS corpus is tax-free for government employees. I would prefer to see official confirmation on this.
The details of the NPS mutual funds I hold are given here:
All government employee schemes have 15% equity exposure. They can neither change the asset allocation nor change the fund manager!!
I have never logged into my NPS account due to a password issue (don’t ask why I did not try and get a new password – I did!). Can someone tell me if they calculate XIRR (individual and net) for the scheme holdings?
You can also read other posts in this category to see why I do not recommend it: National Pension Scheme
In particular, Do Not Invest Rs. 50,000 in NPS For Saving Tax!
Click to enlarge.
Typo: The CAGR should be read as XIRR. When bonds crashed in July 2013, the XIRR dropped below 7% overnight!
Free Apps for your Android PhoneInstall Financial Freedom App! (Google Play Store)
Install Freefincal Retirement Planner App! (Google Play Store)
Find out if you have enough to say "FU" to your employer (Google Play Store)