Why Equity Mutual Funds May Do Better than NPS
Many savers are lured by the National Pension System (NPS) because of the attractive tax rebates available. Apart from the Rs1.50 lakh rebate under Section 80C, savers can invest an additional Rs50,000 in NPS, taking the total rebate up to Rs2 lakh. Additionally, in the Finance Act 2016, it was announced that 40% of the NPS corpus withdrawn at retirement will be tax-exempt. Along with these...
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