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| Name of the scheme | 1-year back | Invest now | Fund category | expense ratio |
|---|---|---|---|---|
| Axis Nifty 50 Index Fund | +32.80% | Invest now | Equity: Big Cap | 0.12% |
| Axis Nifty 100 Index Fund | +38.59% | Invest now | Equity: Big Cap | 0.21% |
| Axis Nifty Next 50 Index Fund | +71.83% | Invest now | Equity: Big Cap | 0.25% |
| Axis Nifty 500 Index Fund | , | Invest now | Equity: Flexi Cap | 0.10% |
| Axis Nifty Midcap 50 Index Fund | +46.03% | Invest now | Equity: Mid Cap | 0.28% |
NPS Vatsalya is a pension scheme designed specifically for minors, which enables parents to invest in their children’s future. Currently, it allows parents or parents to open a pension account in the name of a child and there is no upper limit, with no upper limit. The latest tax encouragement is expected to make high participation in the scheme.
Union Budget 2025 increased tax exemption to NPS Vatsalya under Section 80CCD (1B), 12 (B), and 80CCD (3). A parent, who membership of NPS Vatsalya, can now claim a tax deduction of up to ₹ 50,000 annually. The discount on the return of more than 25% self -sufficiency under Section 12 (B) will also apply to NPS Vatsalya. Additionally, under Section 80CCD (3), the tax exemption on the receipt of accumulated funds due to the death of the NPS customer has been expanded to the scheme.
In its press briefing, Nagaraju also said that the government is reviewing and simplifying the rules to increase the limit of foreign direct investment (FDI) in the insurance sector, current 74% to 100%, Secretary of the Department of Financial Services, M. Nagraju said on Monday. He said that the draft insurance bill to the cabinet “soon”.
Also read: DFS SECY M Nagaraju says
first published: February 3, 2025 2:33 pm First
(Tagstotransite) Pension (T) GPF Payment (T) GPF (T) Department of Pension and Pensioners
