Tax free and guaranteed returns has always been a crowed puller with investors. In these uncertain times, it acquires the form of ‘Amrit‘. So, if one tells you that you can get a neat 5% to 6% guaranteed rate of return, tax free, changes are you will salivate. Well, this is how our today’s product […]
LIC Jeevan Shanti annuity plan – Is it meant for you?
LIC agents are forwarding messages on WhatsApp hailing their latest, most popular product with the promise of a lifetime of ‘shanti’ or peace – LIC Jeevan Shanti. Not just that, they are at your door, on calls too telling you about the next best thing after sliced bread. The proposal is that as soon as you […]
NPS (National Pension Scheme): NPS withdrawal made 100% tax free
This is the headline of one of the popular newspapers. What’s wrong with it? Not just one, there are other media outlets, which have something similar to say. Government makes NPS withdrawal 100% tax free. Entire NPS withdrawal at retirement is tax free now. Again, what’s wrong with the above? Simple, none of these is […]
The annuity problem
Annuity has come to be a defining feature of retirement oriented investments. So, you have Pension Plans being pushed down your throats by insurance companies. One of the most debated investment options – NPS – too asks for a compulsory annuity of at least 40% of the final maturity value. What does the annuity do? […]
Investing in NPS – Sending your money to life imprisonment?
I compare investing in NPS to putting your money behind bars. If this headline sounds like a clickbait to you, wait to hear about your favourite investment, NPS or National Pension Scheme and the bigger bait you are falling for. Are you investing in NPS? I have seen all kinds of investors – young and […]
