I do not like NPS, as I think it is a technically flawed product. What is the technical flaw? It is a GOI product and to me that is too risky.
I am happy to stay with one GOI product named PPF, so why should I choose one more?
However if I have a huge income and the willingness to put away another Rs. 50k a year maybe I should look at it.
Personally, I DO NOT HAVE A NPS ACCOUNT, and this happened after I did some work with some of the people working there. You could of course call it information bias….
I do not like the small portion in equities for the youngsters (age 22 to age 50), I do not like a compulsory annuity (I will accumulate outside for buying annuity, why through Nps?), I know i will get a sub optimal taxable pension. Why should I pay tax on a pension amount when I can withdraw from an equity fund?
Here are 2 articles one by msm saying ‘you should invest in NPS and another article saying you should not invest. That article is of course by Pattu!!
and here is Pattu’s post
another brilliant friend
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