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PFRDA eases norms for partial withdrawal under NPS Overall RATE RATE (0.00)

The norms for partial withdrawal under the National Pension Scheme (NPS) have been relaxed by the Pension Fund Regulatory Development Authority (PFRDA).  PFRDA specified that a subscriber needs to remain subscribed to the NPS for at least three years from the joining date to be eligible for making a partial withdrawal as per the regulation.

PFRDA has allowed NPS subscribers to make partial withdrawals up to maximum three times during the full tenure of subscription with NPS. However, the regulator has specified that the partial withdrawal is linked with the subscription contributions made by the subscriber.

Moreover, the regulator states that the subscriber cannot withdraw accumulations exceeding 25% of the contributions made to the NPS account as on withdrawal date. Earlier, a subscriber could do it after 10 years from the date of joining NPS for a maximum of three times during the entire tenure of subscription under National Pension Scheme.

Financial security and regular income source are two of the major strengths of NPS. Therefore, you can lead a peaceful life after retirement without actually changing much of your standard of living.

NPS also provides you with the opportunity to invest and accumulate savings and get lump sums as regular income through annuity plans on retirement.

How can one start with NPS?

National Pension Scheme is distributed through authorized entities called Points of Presence (POPs). One will have to open an NPS account online with a POP to invest in NPS. The POP will provide the subscriber with all the help with regards to account opening.

One can enroll online as an individual subscriber with Aadhar using the following steps:

1)      Visit :  https://accountopening.investmentz.com/AcmiilService/Karvy/Registration

2)      Select Applicant Type: Individual Subscriber, Status of Applicant: Resident of India, and Select Account Type as per your preference(Tier 1 – is Pension Account & Mandatory) (Tier 2 – is Saving Account & Optional), Enter Aadhaar number and OTP

3)      Next Fill all your details and make your initial contribution online. Please make a note of Acknowledgement Number – given at the time of registration; with the help of acknowledgement number, the subscriber can check the status of application.

4)      Upon successful registration, the subscriber will receive a welcome kit within 10 working days. The welcome kit will contain: PRAN card (Permanent Retirement Account Number is a unique registration number allotted to each subscriber in the CRA system), subscriber information, and product information.

National Pension Scheme is a great product with the capability of providing long-term wealth and its annuity option gives subscribers piece of mind with regular flow of income after retirement. Don’t forget to save tax on investment of additional Rs. 50,000.

So, start your NPS Now: https://accountopening.investmentz.com/AcmiilService/Karvy/Registration


Written by : blog admin

Investing in mutual funds vs. direct equities Overall RATE RATE (3.00)

One of the top most questions that comes in each and every investor’s mind is among investing in mutual fund scheme or direct equity, what should he or she opt for?

Let’s try to answer this question in this article. An equity mutual fund comprises a basket of stocks actively managed by a professional fund manager. However, it is very important for you to understand the fact that investment in a single stock is not equivalent to that of investing in a mutual fund. In fact, you can say investing in a basket of stocks can be comparable to investing in mutual funds.

Before we start comparing investing in direct equity stocks and mutual funds, one important thing to remember is that both investment avenues have a risk element. However, mutual funds are considered less risky compared with investment in stocks. Mutual funds provide you with diversification across stocks and sectors. This ensures that you risk is well-spread. When it comes to direct stocks, you might face certain limitations simply because you may not have the required research or familiarity with certain companies or sectors.

Mutual funds are a passive investment for the investor, which are actively managed by a professional fund manager. However, direct equity investment requires active management from the investor. From a cost of investment perspective, investing in stocks works out cheaper than investing in mutual funds. The brokerage that you pay when you buy a stock is much lesser than the fund management fees that you would pay while investing in a mutual fund.

Direct equity investment is well-suited to investors who have skills and knowledge to pick stocks. Moreover, these investors will often tend to have access to stock market research and data, which will help in taking stock calls. More importantly, investors in direct equity must ensure that they have the time to manage their equity investments on a daily basis.

Most first time investors or people who are not familiar with the stock markets generally prefer mutual funds. That said, irrespective of whether you want to invest in mutual funds or direct equity stocks, you can always appoint a professional stock broking agency. Some of the major benefits of having a professional broker handle your investment include proper financial planning, diversification strategy, timely stock market tips, recommendations, advisory, research, and much more.

To know more about investing in the equity markets directly or through mutual funds, write us at investmentz@acm.co.in

Happy Investing!


Written by : blog admin

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