NATIONAL PENSION SCHEME IN 2022 TAMIL NIVAS NARASIMHAN

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CLICK HERE AND DOWNLOAD ASSETPLUS APP • TO GET TECHINICAL SUPPORT FOR NPS • https://www.assetplus.in/mfd/Excitemu... • you can click the above link to invest in mutual funds as well. • National Pension Scheme • NPS is an investment scheme meant for retirement. • Comparison with MF • To relate to some of the keywords in NPS, here is a quick correlation between MF and NPS. • | | Mutual Funds | NPS | • | --- | --- | --- | • | Regulator | SEBI (Securities and Exchange Board of India) | PFRDA (Pension Fund Regulatory Development Authority) | • | Manufacturer | AMC (Asset Management Company) • 40+ AMCs (ICICI, Birla, SBI, etc.) | PFM (Pension Fund Manager) • 7 PFMs (SBI, LIC, UTI, HDFC, ICICI, Kotak, Birla) | • | Bookkeeping | RTA (Registrar and Transfer Agent) • CAMS and Kfintech | CRA (Central Record Keeping Agency) • NSDL and Kfintech | • | Account number | Folio numbers • One investor can have multiple folio numbers | PRAN (Permanent Retirement Account Number) • Unique and permanent number per investor across all PFMs. | • | Asset Classes | 20+ asset classes • (Ultra Short, Aggressive Hybrid, etc) | 4 asset classes • E - Equity, C - Corporate Bond, G - Government Bond, A - Alternate | • Tiers: • Investors of NPS need to choose one of the following tiers to make their contribution. • 1. Tier I • This is the basic tier in NPS. Investment amount is locked till 60 years of age. At the age of 60, 60% of the accumulated amount can be withdrawn, and the remaining amount will be paid out as a monthly pension. Only Tier I is eligible for tax exemption. • 2. Tier II • This is a more flexible tier of NPS, where amount can be withdrawn anytime. This carries no tax benefit. An investor needs to have a Tier I investment before they can invest in Tier II. • Detailed Comparison:- • | | Tier I | Tier II | • | --- | --- | --- | • | Eligibility | Any Indian citizen between 18 65 years of age | Members of Tier I only | • | Lock-in | Till the age of 60 years | Nil. | • | Minimum number of contributions per year | 1 per year | Nil, contribution is optional | • | Minimum contribution for account opening | Rs 500 | Rs 1,000 | • | Minimum amount for subsequent contribution | Rs 500 | Rs 500 | • | Minimum number of annual contributions | 1 per year | Not mandatory | • | Tax benefits on contribution | Upto Rs 1.5 Lakh under Section 80C. Upto Rs 50k under Section 80CCD (1B) | No tax benefit | • | Taxation on withdrawal | At maturity, the entire corpus is tax-exempt | The entire corpus can be withdrawn, which is added to income and taxed as per the tax slab one falls in | • Asset Classes: • 1. Equity (E): • Scheme invests predominantly in Equity market instruments. • 2. Corporate Debt (C): • Scheme invests in Bonds issued by Public Sector Undertakings (PSUs), Public Financial Institutions (PFIs), Infrastructure Companies and Money Market Instruments • 3. Government Securities (G): • Scheme invests in Securities issued by Central Government, State Governments and Money Market Instruments • 4. Alternative Investment Funds (A): • In this asset class, investments are being made in instruments like CMBS, REITS, AIFs, etc. • Investment modes: • 1. Active choice: • • Investor can choose allocation in each asset class - E (Equity), C (Corporate Bond), G (Government Bond) and A (Alternate) • • 2. Auto choice: • 1. Aggressive - LC75 • In this choice, max 75% is given to E (equity) in the beginning and slowly moves to C and G near retirement age. • 2. Moderate - LC50 • In this choice, max 50% is given to E (equity) in the beginning and slowly moves to C and G near retirement age. • 3. Conservative - LC25 • In this choice, max 25% is given to E (equity) in the beginning and slowly moves to C and G near retirement age. • Charges • 1. Account opening charge for first time PRAN creation - Rs. 400 • 2. Contribution processing charge of 0.5% or Rs.30 (whichever is higher) per transaction. • NPS on AssetPlus • Advisor Dashboard • *NPS List* • In the new dashboard, Schemes → NPS shows a screener for various NPS Schemes and Returns. Here you can select Tier and Asset Class from the filters. • • *Import existing NPS* • Go to Client Panel → NPS. • If PRAN already exists, click on the button to update. • After saving the PRAN, previous investments are automatically imported. • To initiate a new transaction, click on “Create Transaction” Button. • The advisor can then either send the link to the client via SMS/Email or initiate it in the same system if they are with the client. • #tax #FinancialPlanning,#cryptocurrency,#finance,#returns,#budget,#tax,#tamilfinance,#indiafinance,#wealth,#nri,#nritax,#rich,#incometax,#nanayam,#mint,#vikatan,#investment,#saving,#savings,#retirement,#mutualfunds,#sharemarket,#stocks,#home,#homeloan,#carloan,#personalloan,#emi,#sip,#taxfiling,#itreturns,#itr,#financialplan,#debtfunds,#equityfunds,#elss,#savetax,#assetallocation,#restructure,#rebalance,#rnor,#returningtoindia,#roi,#inflation,#JobChange

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