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Private Wealth Management Platform in India: What Not To Be Overlooked

November 7, 2024

The finance industry is transforming. Many individuals are leveraging technology for private wealth management. Choosing a private wealth management platform is a critical decision; it can indicate the impact of an individual’s financial future. It is important to navigate through the selection process carefully while choosing a private wealth management platform in India.

Here are a few factors you cannot avoid to ensure you are making informed decisions regarding your wealth management

  1. Research and Analysis: The biggest mistake one could make while choosing a wealth management platform is to rush into a decision without conducting proper research. Selecting a platform without knowing its features, fees, and track record may bring an unwanted surprise down the line. Research different platforms, read reviews and understand their offerings.
  2. Lack of Transparency: One of the prime factors when evaluating a wealth management platform is lack of transparency. You need to understand any management fees, transaction costs, or other hidden charges that are associated with a private wealth management platform. Look for those platforms that don’t have any hidden charges or are upfront about the costs.
  3. Neglecting Security Measures: In this digital era, security is a great concern when choosing a private wealth management platform. Avoid ignoring the security features of an online wealth management platform, as this exposes you to cyber threats and data breaches. Ensure the platform uses strong encryption, two-factor authentication, and other security measures to protect your sensitive information.
  4. Understand Investment Options: When an individual doesn’t understand what a private wealth platform offers, then their investment goals or risk tolerance may get hamper. Thus, it is advisable to spend some time to understand what a platform offers, such as investing in stocks, corporate bonds, mutual funds, or any other investment options.
  5. Ignoring Customer Support: Approachable and effective customer support is also vital when choosing private wealth management. Neglecting customer care service can leave you deserted when you need it the most. Ensure the platform’s responsiveness and willingness to help you beforehand. This can be done with the help of research.
  6. Ignoring Platform’s Flexibility: Goal-based financial planning and situations change with time. A very rigid private wealth management platform could impose barriers on your choices if your investment strategy needs to be changed. Seek a flexible digital wealth management platform that will allow you to personalize your investment strategy in line with what your changing situations demand.
  7. Complicated Interface: Lastly, user experience matters. A complicated interface can make managing your investments a daunting task. Avoid platforms that are overly complex or difficult to navigate. Look for user-friendly interfaces that allow you to monitor and manage your investments easily.

How effective wealth management services can enhance your financial future? Give it a read. Click here 

Final Thoughts

Choosing the right private wealth management platform requires careful consideration. By avoiding these common pitfalls, you can ensure that your chosen platform aligns with your financial goals and provides the support you need to succeed. Take the time to research, ask questions, and evaluate your options thoroughly, setting the stage for a prosperous financial future.

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Understanding the Differences Between Asset Management Services and Wealth Management Services

November 6, 2024

Asset management and wealth management services are two solutions with unique characteristics. They are designed to address clients’ different requirements. Understanding these distinctions is crucial for individuals and families seeking to make informed decisions about their financial future. This blog will explain the differences between the two important services.

What are Asset Management Services?

Asset management mainly focuses on the investment of client assets. Investment firms offer this service intending to maximize returns while minimizing risk. Key aspects of asset management include:

  • Investment Strategy: Asset managers create tailored investment strategies based on the client’s risk tolerance, investment goals, and market conditions.
  • Portfolio Management: This involves investment asset allocation across different classes like stocks, bonds, and real estate and constant portfolio rebalancing to maintain the risk level.
  • Performance Monitoring: This involves regular monitoring of investments by asset managers. They look for insights and upcoming trends in the market and analyze them. Asset managers make necessary adjustments to suit the client’s needs.

What are Wealth Management Services?

On the other hand, wealth management services in India offer a more holistic approach to managing a client’s overall financial life. This encompasses more than just investment, such as:

  • Comprehensive Financial Planning: Through wealth management services, a wealth manager evaluates a client’s financial situation and develops in great detail the investment, retirement, tax planning, estate planning, and insurance plans.
  • Investment Management: Like asset management, wealth management solutions provide investment strategies, but this involves overall financial strategy.
  • Tax and Estate Planning: Wealth management services encompass tax efficiency and the planning to transfer wealth across generations.

What are the 6 myths associated with wealth management services? Click here to know. 

Key Differences Between Asset Management and Wealth Management Services

  • Services Scope: Asset management essentially focuses on investment management and increasing portfolio performance. Whereas, wealth management services offer a wider range of services, including financial, estate, and tax planning.
  • Client Relationship: Asset managers work with clients to meet their specific financial goals. On the other hand, wealth managers establish long-term relationships with their clients. They serve high-net-worth individuals and families in handling complex financial situations.
  • Fees: Asset management companies generally charge fees based on assets under management (AUM).  Wealth management solutions could charge clients by hourly rate, flat fees, or AUM fees, but the overall cost is higher because of the additional services provided.
  • Target Clients: Asset management companies generally target investors that are primarily looking for growth from their investments. While wealth management services serve HNIs with comprehensive financial needs, including high-net-worth individuals looking for integrated financial solutions.

Final Thoughts

Asset management and wealth management services play significant roles in accomplishing financial goals. They offer different services to cover specific client’s needs. For those who are focused solely on investments, asset management may be a good choice. However, for individuals seeking a comprehensive approach to their financial well-being, wealth management services are often the better choice.

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AIFs in India: Key Factors to Choose Before Investing

November 5, 2024

In India, the concept of Alternative Investment Funds has gradually gained traction in recent years. The Securities and Exchange Board of India (SEBI) introduced SEBI AIFs regulations in 2012 under various categories, such as private equity and venture capital funds. Alternative Investment Funds collect funds from various HNIs and family offices. AIFs invest in a diverse range of asset classes, like private equity funds, real estate, venture capital, sustainable asset classes, and hedge funds. So, what steps should you consider before diving into the realm of AIFs in India? We’ll explore the key factors in this blog.

What are Alternative Investment Funds?

AIFs can be defined as a wider category of investment vehicles that invest outside traditional mainstream investments such as stock, bonds, or mutual funds. As mentioned above, AIFs invest in private equity, hedge funds, real estate, commodities, and more. AIFs often provide unique opportunities for diversification and higher returns, but there are also elements of risks and complexities involved in them.

AIFs Categories

  • Category I AIFs: These funds fundamentally invest in early-stage companies, start-ups, and SMEs that have the potential to grow in the long run. It also invests in socially or economically beneficial infrastructure and other sectors. They often boost economic growth and can benefit from government incentives.
  • Category II AIFs: These funds invest in equity and debt instruments, but there are no dependencies on government incentives. Generally, these funds invest in dynamic instruments focusing on generating returns through medium- to long-term investment in unlisted companies.
  • Category III AIFs: These funds adopt complex trading strategies. This category mainly focuses on hedge funds and private investment in public equity to generate short-term returns. Category III AIFs can be either open-ended or closed-ended.

What are the emerging trends, features, and regulation of AIFs? Click here here to find out.

Factors to Consider Before Investing in AIFs in India

  1. Investment Approach: Investment strategy is one of the key factors that determine the type of returns and risk you can anticipate from your investments. In India, AIFs offer many strategies, ranging from investing in early-stage startups to focusing on distressed assets, real estate, or structured debt.
  2. Fund Manager: The fund manager of the Alternative Investment Fund is another key factor you should look for. Always analyze the track record of the fund manager and find out his earlier performance in some other funds. If he has maintained a consistent track record in generating returns, especially in tough market conditions, then it is a good sign.  
  3. Risk-Return Profile: AIFs typically carry higher risk than traditional investment organizations such as mutual funds or fixed deposits. In a country like India, where markets can get extremely volatile from time to time, it is important to understand the risk-return profile for AIFs.
  4. Fee Charged: The fee structure of an AIF in India can be very important while considering your returns. An AIF charges management fees as well as performance fees, wherein you have to critically evaluate both of these fees.
  5. Exit Strategy: This is another essential part to consider when investing in AIFs. An investor needs to understand available exit options and how they are in line with their financial goals and risks.

Final Thoughts

Before an individual begins his investment journey with AIFs, he needs to carefully consider several factors, including investment strategy, exit strategy, fund manager’s experience, and fee structure. By thoroughly analyzing these factors, one can choose an AIF that is in line with their financial goals, risk appetite, and investment horizon. 

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Tax Benefits of NPS: How you can reap them? A must read. 

October 30, 2024

The National Pension System (NPS) is an attractive option for individuals looking to secure their future financially. NPS has numerous benefits, such as the potential for high returns, ease of investing, being voluntary, portable, and regulated. Apart from these features, it is also known for attractive NPS tax benefits. Let us delve into how NPS would become an effective tool to save tax and secure your financial future.

What is NPS?

The National Pension System, also known as the National Pension Scheme, is a retirement pension scheme introduced by the Government of India. The main aim of this scheme is to provide regular income after retirement to its subscribers. It allows investing in equities, corporate bonds, government securities, and AIFs.

NPS For Tax-Saving: Benefits

Let’s have a look at NPS tax-saving benefits under different sections of the Income Tax Act.

  1. NPS tax-saving benefits under Section 80(C):  Under Section 80C of the Income Tax Act, investing in NPS is eligible for a maximum deduction under the Income Tax Act of ₹1.5 lakh per annum. This means a subscriber pays less in taxes based on that investment towards their taxable income.
  2. NPS tax-saving benefit under Section 80CCD (1B): Under Section 80CCD (1B) of the Income Tax Act, NPS offers an extra deduction of ₹50,000. This is over and above the ₹1.5 lakh limit of Section 80C, allowing for a total deduction of up to ₹2 lakh in a financial year. This makes NPS a powerful vehicle for tax savings.
  3. Tax-free Withdrawal: When you retire and start withdrawing your NPS funds, up to 60% of your corpus can be withdrawn as a lump sum, which is tax-free. However, the remaining 40% must be used to purchase an annuity, which will be taxed as per your applicable tax slab. This structure allows for a significant portion of your retirement savings to remain tax-free.
  4. Tax Efficiency on Returns: NPS investments generate market-linked and tax-efficient returns. Annual returns are not directly taxed, but the amounts contributed to the overall corpus are taxed upon withdrawal.

How can you secure your golden years by opening an NPS account? Click here to read.

Why Choose NPS for Tax Saving?

  • Long-Term Wealth Creation: NPS encourages disciplined saving and long-term investment, making it ideal for retirement planning.
  • Flexibility: Subscribers can choose their asset allocation and switch between different funds, allowing them to adapt to changing market conditions.
  • Portability: NPS accounts are portable, meaning NPS subscribers can continue their contributions even if they change jobs or move cities.
  • Regulated by the Government: The Pension Fund Regulatory and Development Authority regulates the transparency of NPS.
  • Cost-effective Investment: Any Indian citizen between 18 and 70 can open an NPS account with ₹500 only.

Final Thoughts

The National Pension Scheme comes with attractive tax benefits. It gives you the freedom to invest for your retirement and save taxes at the same time. The NPS scheme offers tax benefits under various sections, and an investor can save up to ₹2 lakh on taxes. This makes NPS an attractive option for modern-day subscribers who are looking to plan for their retirement.

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How can NPS Benefits help you in your golden years? Explained 

October 28, 2024

The government of India introduced the National Pension System, also known as the National Pension Scheme, to safeguard the financial future of Indian citizens. Numerous benefits are associated with NPS. This makes NPS an attractive option to plan for the golden years. In this blog, we’ll discover the key National Pension Scheme benefits and why you should consider investing in it.

The National Pension Scheme encourages individuals to invest in a pension account regularly during their working tenure. The NPS is not limited to just employees in the organized sector; it is open to all Indian citizens between the ages of 18 and 70.  Subscribers can take out up to 60% of their accumulated corpus and buy annuities from the remaining 40% to receive the pension.

National Pension Scheme – Benefits

Let’s have a look at the benefits of the National Pension Scheme.

  1. Attractive Tax Benefits: One of the advantages of the NPS scheme is the tax benefits it offers. Contributions made to the NPS qualify for tax deductions under Section 80C of the Income Tax Act, allowing you to save up to ₹1.5 lakh annually. Additionally, contributions up to ₹50,000 in the NPS qualify for an extra deduction under Section 80CCD(1B), making it a great option for those seeking to maximize their tax savings.
  2. Diversification of Investment: The national pension scheme offers a diverse investment strategy. Subscribers can choose from a mix of equity, corporate bonds, government securities, and AIFs. It enables them to customize their portfolio based on risk appetite, retirement goals, and investment horizon. It empowers subscribers to take control of their retirement savings.
  3. Potential of High NPS Returns: The National Pension System can provide high returns. NPS provides market-linked returns to its subscribers as it invests in equities, corporate bonds, government securities, and AIFs. Moreover, the rate of interest in NPS is on the higher side compared to PPFs and FDs.
  4. Regulated by the Government: The NPS is regulated by the Pension Fund Regulatory and Development Authority (PFRDA). This government entity ensures the transparency and security of investments. This is one of the key advantages of NPS, which builds trust among its subscribers.
  5. Long-term Financial Security: An NPS subscriber can build a substantial retirement corpus over time. Investment in NPS can grow significantly with time thanks to the power of compounding. It provides a reliable source of income after retirement. Individuals can maintain their lifestyle even after they stop working.
  6. Low-cost Investment: Planning for retirement presumably requires more investment. This may not be the case with NPS. Subscribers can open an NPS account with ₹500 only, and they have to maintain the account with an annual investment of ₹1000 only. This makes NPS stand out from other retirement savings schemes.
  7. Upon reaching retirement age, NPS subscribers have the option to withdraw a portion of their accumulated corpus and invest the remaining amount in an annuity. This provides a steady stream of income throughout retirement, ensuring you have financial support even after retirement.

What are the benefits of the NPS calculator, and how can you use it to calculate your accumulated corpus and pension annuity amount? Click here to know. 

Final Thoughts

With its attractive tax benefits, flexible investment options, and the assurance of government regulation, the NPS is an excellent choice for anyone looking to secure their financial future. Subscribers can have peace of mind knowing that their money is invested and regulated by the Government of India. They can build a stable income for years to come.

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Mutual Fund Software For Distributors: Things To Avoid While Choosing It 

October 24, 2024

The mutual fund industry is changing rapidly, and investing in mutual funds has gained more popularity over the years. People invest in mutual funds to achieve their financial goals; however, balancing or managing a portfolio can be a huge task. Here, mutual fund services come into play.

Mutual fund solutions leverage a few software programs to provide investor-oriented solutions. Mutual fund software has many benefits, and MFDs diligently choose it to provide solutions. However, there is a list of things that they should avoid when selecting mutual fund software. In this blog, we’ll discuss things to avoid before finalizing software.

Things to avoid while choosing mutual fund software for distributors

Selecting the efficient mutual fund software for mutual fund services or MFDs is crucial for streamlining the process. Here are a few things that can be avoided.

  1. Complicated User Interface: MFDs should avoid software that has a complicated interface. Software should be easy to use and understand.
  2. Mobile Compatibility Missing: MFDs should avoid software that isn’t mobile-friendly. Distributors may need access on the go to provide mutual fund solutions.
  3. Security Features Missing: MFDs should prioritize software that meets security measures to safeguard client’s data.
  4. Compliance Features Missing: MFDs should avoid software that doesn’t have any built-in compliance features to help them manage regulatory requirements.
  5. Reporting Capabilities Missing: MFDs should avoid software that offers limited reporting options. Detailed reporting is vital for analyzing the client’s portfolio.
  6. Unwanted Bugs: MFDs should avoid software that keeps crashing or has malware. This can hamper their client communication and performance.
  7. Customization Option Missing: MFDs should choose software that enables customization to achieve specific business needs. Avoid software that doesn’t have the flexibility to meet the requirements.
  8. User Feedback Missing: MFDs should avoid software that is incapable of receiving the client’s feedback.
  9. Updates and Upgrades Missing: MFDs should look for software that keeps receiving upgrades and updates. It will enhance the features and usability of the software.

Why do you need professional mutual fund services to balance your portfolio? Click here to learn more.  

Things to consider while choosing mutual fund software for distributors

We have discussed the pointers on what an MFD should avoid while selecting a mutual fund software. Now let’s discuss the factors to consider.

An MFD should look for:

  1. software that offers dynamic features. This can include client onboarding, portfolio management, reporting, analytics, and compliance features.
  2. simple, hassle-free, user-friendly software. It shouldn’t be a task to handle the software.
  3. software that can grow their business. It should be able to handle a large set of clients.
  4. software that can protect the client’s data and other relevant information.
  5. software that has reporting capabilities. It should integrate with tools such as accounting, portfolio management, and customer relationship tools.
  6. software that can provide effective customer support. It should solve queries and doubts efficiently.
  7. software that keeps updating to enhance its security measures and user-friendliness.
  8. software that can be customizable. It should be flexible to change such as theme, color, look, dark or light mode, and other software attributes.

Final thoughts

Mutual fund software has revolutionized the work process of many distributors. Mutual fund services should opt for software that can absorb their needs and requirements. Many software programs are available on the market, but an MFD should look for a secure, customizable, integrated, and user-friendly application.

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Importance of Registrar and Transfer Agent (RTA) in Mutual Fund Services

September 30, 2024

Registrars and Transfer Agents, or RTAs, play a crucial role in the universe of the mutual fund services industry. The main goal of these RTAs is to ensure flawless administration and keeping records for both asset management companies and investors. So, how can these agents bridge the gap between mutual fund solutions and investors? Moreover, what is their importance related to mutual funds? We’ll unveil the details in this blog.

Registrar Transfer Agents: An Overview

RTA companies are registered with the Securities and Exchange Board of India (SEBI) to provide transparent and reliable information. As mentioned above, their main aim is to maintain records for mutual fund services and provide a one-stop solution to MF investors.

Role of RTA in the Mutual Fund Industry

  • Record Keeping: RTAs leverage mutual fund software to maintain the record, and update information regarding investor holdings, transactions, and personal information.
  • Transaction Processing: Another responsibility of RTA is to ensure a hassle-free process of buying and selling investments. They must ensure a smooth flow of buying, redeeming, and changing information.
  • Compliance and Reporting: RTAs maintain regulatory compliance by preparing and filing various reports. Their mutual fund software helps in maintaining the records accurately.
  • Customer Service: RTAs support investors through responding to queries, updating their data, and resolving issues related to transactions.
  • Dividend Distribution: RTA ensures that stockholders receive their dividend share in time.

What is the significance of mutual fund distributors? How can they impact your investments? Read here to learn.  

Registrar and Transfer Services to AMCs, Investors, and Distributors

  1. Operational Support: RTAs extend operational support to mutual fund services about keeping and maintaining records of transactions, to facilitate smooth work and accuracy.
  2. Investor Service: RTAs provide investors’ services such as transaction processing and responding to investor queries. They make a seamless experience for investors and mutual fund solutions.
  3. Distribution Support: The RTA offers distribution support to the AMCs within the mutual fund products through appropriate maintenance and record-keeping on transactions and investor information.
  4. Transaction Procedure: RTAs assist distributors by processing digital application forms, executing buy and sell orders, and ensuring the accuracy of transactions on behalf of investors.
  5. Sales Reports and KYC: They generate sales reports for distributors and handle KYC (Know Your Customer) form processing for both investors and distributors, ensuring compliance and efficient operations.
  6. Cost efficiency: By leveraging their nationwide network, RTAs help reduce operational costs for distributors and improve the efficiency of mutual fund transactions.

Conclusion

The mutual fund industry is going through a rapid change. Many new investors are starting their journey in the world of investments, and this count may increase in the coming years. In this scenario, it would get tough for mutual fund services or AMCs to maintain a huge database. Here, RTA comes into play. Their main aim is to create smooth passage between investors, distributors, and AMCs. 

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10 reasons to consider NPS as a pension plan 

September 27, 2024

When you plan for retirement, one thing comes to mind: pension. It is always better to plan your life and your retirement. The National Pension System, or NPS, has become an attractive option for individuals looking to secure their golden years financially. The NPS pension plan has many benefits, and we’ll discuss why you should consider it while planning for retirement.

What is the National Pension System?

NPS was introduced by the Government of India for individuals who were planning to secure their retirement years. It is a voluntary low-investment retirement plan that is regulated by PFRDA (Public Fund Regulatory and Development Authority), a government entity that maintains transparency and protects the interests of its subscribers.

It is available for all Indian citizens between the ages of 18 and 70, respectively. Additionally, it is open to public, private, and unorganized sector employees also. The NPS pension plan enables subscribers to withdraw 60% of their accumulated amount at maturity (on retirement), and the remaining 40% will be used to purchase the annuity, which they will receive as a monthly pension.

Why should you consider NPS as your pension plan?

  1. Retirement Planning: NPS acts as financial security. It helps you to create a retirement corpus that can help you achieve your goals during your retirement years.
  2. Tax Benefits: NPS offers tax benefits under various sections. A subscriber can save up to ₹1.5 lakh under Income Tax Section 80 (C). Additionally, there is a ₹50,000 tax deduction under Section 80CCD 1(B) exclusive for NPS.
  3. Disciplined Approach: A subscriber needs to be consistent while he invests for the future. The more he invests, the more he generates potential returns after retirement.
  4. Diversification: NPS invests in different asset classes such as equity, corporate bonds, government securities, and AIFs. It minimizes the potential risk that a subscriber may face in the future.
  5. Professional Fund Management: NPS investments are managed by professional fund managers. They have the experience and expertise to ensure optimized returns.
  6. Low investment: Anyone can open an NPS account with ₹500 and a subscriber only needs to invest ₹1000 annually to keep the account active. Moreover, NPS also has a lower management fee compared to other investment options.
  7. Flexibility: The NPS pension plan offers flexibility in investment choices. A subscriber can adjust his asset allocation depending on the amount of risk he is willing to take.
  8. Portable: When a subscriber’s job or location changes, it won’t hamper his NPS investments. He can manage his NPS account as he was doing so earlier.
  9. Regulatory: NPS is regulated by the Pension NPS is regulated by the Pension Fund Regulatory and Development Authority (PFRDA), ensuring transparency and security.
  10. Long-term wealth creation: NPS helps subscribers create a financial corpus in the long term, providing a steady income stream during retirement.

How can the NPS calculator be beneficial to your retirement planning? Click here to know. 

Conclusion

To conclude, NPS can be an attractive retirement planning option for individuals who look for financial security in their golden years. With its low investment requirements, tax benefits, diversification, professional fund management, regulatory compliance, and long-term wealth creation, the NPS provides a comprehensive solution for accumulating a retirement corpus. This can be the reason why NPS is an ideal choice for investors looking to plan their retirement effectively.

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NPS Tax Benefits: Simplified and Explained 

September 26, 2024

The Government of India introduced the National Pension System to provide financial security, and this scheme is available to public, private, and unorganized sector employees. The National Pension System, or NPS, also comes with many tax benefits. The objective of NPS is to encourage people to invest in a pension account regularly and plan for their golden years.

Benefits of Investing in NPS

  • Regulated: NPS is regulated by PFRDA (Pension Fund Regulatory and Development Authority). It is a government body that maintains the transparency, effectiveness of the NPS and also protects the interests of its subscribers.  
  • Market-linked returns: NPS invests in equities, corporate bonds, government securities, and AIFs. It has the potential to provide high returns compared to traditional modes of investment such as FDs or PPFs.
  • Invest with portability: NPS allows you to contribute regularly at your convenience. If there is a change in your job location, place, or employment, then this won’t hamper your contributions. You can continue contributing to your NPS account. Any Indian citizen between the ages of 18 and 70 can start investing in NPS with as low as ₹500.
  • Flexible investment: There are two types of investment methods – auto-choice and active-choice. You can choose any method to continue with your contributions. Also, you can choose different fund managers for different asset classes.
  • Tax benefits: You can save taxes up to ₹1.5 lakhs under Section 80(c) and additionally save ₹50,000 under Section 80CCD 1(B) of the Income Tax Act, respectively.

What are the 5 things you should remember while opening an NPS account? Click here to learn. 

Let’s have a look at the NPS tax benefits in detail

  • Tax benefits under Income Tax Section 80(C): NPS allows you to save tax up to ₹1.5 lakhs under this section.
  • Tax benefits under Income Tax Section 80CCD 1(B): This feature is available for Tier I account holders only. A subscriber can save tax up to ₹50,000 under this section. It is an additional deduction apart from Section 80 (C). So, by investing in NPS, you can claim a tax deduction of up to ₹2 lakh (₹1.5 lakh under Section 80(C)) and another ₹50,000 under Section 80CCD 1(B).
  • Tax benefits under Section 80CCD(2): This benefit is available to employed individuals in the private sector. Employees can contribute up to 10% of their pay to their NPS account, and they can also opt for the corporate NPS model, where the employer can contribute up to 10% of the employee’s basic salary, which goes directly to their NPS account. The tax deduction is available under Section 80CCD (2) with a limit of ₹5.5 lakhs.

Conclusion

The National Pension System comes with various tax benefits, and it can help you reduce your tax burden. Moreover, it can help you build a financial corpus over a period of time that can help you during your retirement years. With Sections 80(C) and 80CCD 1(B), you can save tax up to ₹2 lakhs; this is one of the key advantages of investing in NPS.

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