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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 was launched for government employees in 2004, but was later extended to all citizens in 2009. The scheme has been regulated and managed by the Pension Fund Regulatory and Development Authority as per the PFRDA Act 2013.
The NPS scheme is available to all Indian citizens between 18 and 70. This allows investment amount and flexibility in time based on financial goals and risk tolerance. A person can select or adjust his appearance (POP), investment strategy and fund manager to maximize returns.
In particular, your national pension system account and life remain the same regardless of change or transfer in the same work. This scheme is also eligible for tax benefits. NPS has the lowest fees among other investment options, ensuring cost -effective long -term savings.
It provides two types of accounts: Tier 1 (compulsory) and Tier 2 (voluntary). In Tier 1, employees deposit 10% of their Aadhaar Income Plus DA, while others contribute minimal 500 initially and 6,000 every year.
Tier 2 does not offer an account tax brake or matching contribution, but provides flexible withdrawal anytime. To open this account, initial payment is required Top-up of 1,000 and later 250 rupees, maintaining an annual balance 2,000.
How to increase monthly contribution to NPS account
A person can increase his National Pension System (NPS) monthly contribution by online through NPS Mobile App, or by voluntary contribution to a person in pop-SP.
Online:
step 1: Go to EnPS website https://enps.nsdl.com
step 2: Choose the ‘Contribution’ tab.
step 3: You have to enter your permanent retirement account number (soul), and date of birth.
step 4: Verify Pran through OTP.
Step 5: Select the account in which contribution will be contributed (Tier I or Tier II) and mention the contribution amount.
Step 6: Select the payment gateway option, read and accept the announcements and click ‘Pay’.
Step 7: Complete payment through debit card/credit card/net banking.
Additionally, you can also increase your contribution online through NPS Mobile App. For offline features, you can visit your nearest points of the attendance service provider (POP-sp).
(edited by : Sudarshan Mani,
(Tagstotransite) NPS (T) National Pension System (T) Investment (T) NPS Scheme (T) NPS Contribution (T) NPS NPS Monthly contribution (T) POV
