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Source: Live Mint The National Pension System (NPS) Trust has on May 26 put out a public notice regarding UPS benefits for subscribers who have retired under NPS on or before March 31, 2025. This is valid for self or their legally wedded spouse, it added. Notably, the last date or deadline to claim these…
Source: Live Mint Here is a look at how equity and debt categories of NPS schemes have performed over time versus the respective benchmark indices. Past performance A three-year rolling return analysis of NPS equity schemes — with at least a 10-year track record – showed average returns of 13.5%. Net asset value (NAV) history…
Source: Live Mint To match the score of DSP’s fund, the new kid on the block, the sum of the funds that gave positive returns would need to be more than doubled. Among the 11 funds in this category, six recorded negative returns in the last year, according to the pension fund regulator’s NPS Trust…
Source: Live Mint India’s population today has surpassed 1.4 billion (World Bank, 2023). While a significant portion of the population remains young, with those aged 15-29 comprising around 27% (UNFPA, 2023), the number of senior citizens has also surged to more than 10% of the population, or roughly 140 million people (Ministry of Statistics, 2023)….
Source: Live Mint It’s essential to understand the distinction between EPS and the Employee Provident Fund (EPF). An employer typically deducts 12% of your basic salary plus dearness allowance, if any, from your monthly salary to contribute to the EPF account. This salary may also include any retaining allowance and the cash value of food…
