NPS: Want to get Rs 100,000 monthly pension at retirement? This is how you can plan your NPS journey; get expert view
Retirement Planning: National Pension System (NPS) is a government-run retirement scheme that is getting popular among new-age employees and investors who want to build a large retirement corpus and get a monthly pension after that. The market-linked scheme provides an opportunity for its account holders to choose the percentage of equity in their portfolio up to a maximum of 75 per cent. But how much should your monthly contribution be to achieve a sizeable corpus and get a monthly pension of Rs 1 lakh? Ranbheer Singh Dhariwal, Chief Executive Officer, Max Life Pension Fund Management Limited, suggests how you can plan your NPS journey.
NPS is a market-linked retirement scheme where account holders can pick equity, corporate bonds, and government securities for their retirement portfolio. Photo: Pixabay/Representational