The National Pension System (NPS), regulated by the Pension Fund Regulatory and Development Authority (PFRDA), stands out as an accessible retirement savings scheme for Indian citizens aged 18 to 70, including NRIs. This initiative, initially limited to Central Government employees, expanded post-May 2009 to embrace the private sector, offering diverse models such as NPS … Read more
NPS update: The National Pension Scheme (NPS) Vatsalya, introduced on September 18, is a pension plan designed for parents to initiate for their children. The scheme has gained traction, attracting 66,495 subscribers as of November 17, as confirmed by Minister of State for Finance Pankaj Chaudhary. Among the states, Maharashtra leads with 9,219 accounts, followed … Read more
When it comes to investing for your daughter’s future, the options can be many. Should you opt for Sukanya Samriddhi Yojana (SSY), National Pension System Vatsalya (NPS Vatsalya), or mutual funds? Each investment avenue offers unique benefits and considerations. While SSY is a government-backed scheme providing tax benefits and a guaranteed return, NPS Vatsalya offers … Read more
NPS Vatsalya vs mutual funds: The NPS Vatsalya scheme was floated earlier this week, which is one-of-a-kind scheme where parents can start saving for their minor children much before they enter into their adult life. The NPS Vatsalya is a long-term pension scheme proposed during the full Union Budget 2024, following the third-term victory of the … Read more
Mutual fund investment: Since the introduction of NPS Vatsalya, many have been speaking about long-term investment plans, which extends for decades and can offer a multicrore asset on maturity. NPS Vatsalya, which is similar to the National Pension System, and equity MFs, or children mutual funds, are important tools for long-term wealth creation. Choosing the most … 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
NPS Vatsalya: Union Finance Minister Nirmala Sitharaman on Wednesday during the launch of the NPS Vatsalya scheme said that parents and guardians should consider investing in NPS Vatsalya for their minor kids for their birthdays and other occasions. NPS Vatsalya is a pension scheme focused on minors. It enables parents and guardians to contribute a … 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 NPS Vatsalya scheme, announced in the Union Budget 2024, is expected to be officially unveiled by the latter part of September. Positioned as a modified iteration of the National Pension System (NPS) for government and private emplpoees, NPS Vatsalya is envisaged to serve as a pivotal financial instrument, providing parents with a reliable avenue … Read more
Hemant Rustagi, CEO, Wiseinvest, says that despite mutual funds and other options being there, some investors go for very conservative options for their children’s education thinking that this is one of the most important goals and they would not like to take any risk on that money. Maybe NPS Vatsalya will add one more option. … Read more