National Pension System (NPS) equity funds have yielded up to 16% returns in three years. UTI Pension Fund led with 15.80%, followed by Kotak (15.58%) and ICICI Prudential (15.41%). Other top performers include HDFC, ABSL, LIC, and SBI Pension Funds. Source link
ITR filing 2025: The NDA government 3.0 introduced a major income tax relief for the salaried class in the Union Budget 2025. Union Minister for Finance and Corporate Affairs Nirmala Sitharaman announced that individuals will not have to pay any income tax on total earnings up to Rs 12 lakh. This translates to an average monthly … Read more
India is reportedly considering a Universal Pension Scheme that would be voluntary and contributory, aiming to extend social security beyond traditional employment, according to The Economic Times. The ministry of labour and employment, the report claims, has initiated deliberations on the proposed umbrella scheme, which is expected to integrate existing pension programmes. Business Today could … Read more
Tax calculations: The Centre has once again aimed to enhance the appeal of the New Tax Regime by introducing lower tax rates and reducing deductions. This restructuring aims to simplify taxation, while the Old Regime continues to provide tax benefits through various exemptions and deductions. The proposed income tax slabs in the Union Budget 2025 … Read more
NPS Vatsalya Scheme: NPS Vatsalya is now open for subscribers after its formal launch on September 18 (Wednesday). Axis Bank and ICICI Bank have joined the initiative and will be opening NPS Vatsalya accounts across their branches. NPS Vatsalya, just like the National Pension Scheme, is contributory plan with a tiered savings options with exposure … Read more
HDFC Pension Fund Management has become the first private sector pension fund manager to surpass Rs 1 lakh crore assets under management (AUM). The assets under management (AUM) of the company have doubled in the span of 16 months, mainly due to a significant 34.1% growth in its subscriber base, which currently exceeds 2.1 million … Read more
Finance Minister Nirmala Sitharaman will formerly float the NPS Vatsalya scheme on September 18, 2024, almost two months after announcing it in the Union Budget 2024. The scheme, which is an extension of the existing National Pension Scheme, is focused on children and the investment made in this account will be to ensure long-term wealth. … Read more
The Centre faced much criticism when it adopted the National Pension Scheme and gradually gave up on the Old Pension Scheme. On one hand, government employees were dissatisfied with the change in policies over National Pension Scheme (NPS), several states and opposition parties were insisting on returning to OPS to woo the voters. In a … Read more
With the introduction of the Unified Pension System, it is essential to understand how it measures up against the existing National Pension Scheme (NPS) and the traditional Old Pension System (OPS). NPS involves investing a portion of the funds in the equity market, making it a relatively market-linked pension scheme. On the other hand, UPS, … Read more
Government employees who choose the Centre’s Unified Pension Scheme (UPS) introduced on August 24 can expect a significant increase in their pension payments. The government’s contribution under the UPS will rise to 18.5% from the current 14%, leading to a projected 19% increase in pensions for employees with a starting salary of Rs 50,000, according … Read more