NPS Vatsalya launched for kids

[Pavanonline]

Don't know all the investing options in the scheme but compounding from early is a great advantage. 

@Konebhar6 @argadorn

@krishnaaa @The_MentaIist

https://www.business-standard.com/finance/personal-finance/nps-vatsalya-launched-for-kids-know-investment-amount-eligibility-more-124091800842_1.html

 

[Konebhar6]

1 hour ago, Pavanonline said:

Don't know all the investing options in the scheme but compounding from early is a great advantage. 

@Konebhar6 @argadorn

@krishnaaa @The_MentaIist

https://www.business-standard.com/finance/personal-finance/nps-vatsalya-launched-for-kids-know-investment-amount-eligibility-more-124091800842_1.html

 

Yeh investing in a scheme like this will give great money pot for kids down the lane. 
Check if one of the nationalized banks offer similar. 
ICICI charges way too much money. 

[psycontr]

2 minutes ago, Konebhar6 said:

Yeh investing in a scheme like this will give great money pot for kids down the lane. 
Check if one of the nationalized banks offer similar. 
ICICI charges way too much money. 

NPS returns are very good for longterm. But kids us citizens aeithe IRS tax filing is very complicated.

[Konebhar6]

34 minutes ago, psycontr said:

NPS returns are very good for longterm. But kids us citizens aeithe IRS tax filing is very complicated.

Yeh. Completely agree. 
 it’s a good investment for people living in India or planning to return. 
Does not make sense for people in US. Esp considering rupee depreciation and tax issues.

[andhra_jp]

10 hours ago, Pavanonline said:

Don't know all the investing options in the scheme but compounding from early is a great advantage. 

@Konebhar6 @argadorn

@krishnaaa @The_MentaIist

https://www.business-standard.com/finance/personal-finance/nps-vatsalya-launched-for-kids-know-investment-amount-eligibility-more-124091800842_1.html

 

pillala chaduvulu + mana retirment chusukovali kaani ..  mana pillala retirement kuda manamee plan cheyyadam is bit stretch ... adi kuda money is locked for 60yrs ..

Also no proper info about any tax exemptions if one invests in this scheme...

[jalsa01]

12 minutes ago, andhra_jp said:

pillala chaduvulu + mana retirment chusukovali kaani ..  mana pillala retirement kuda manamee plan cheyyadam is bit stretch ... adi kuda money is locked for 60yrs ..

Also no proper info about any tax exemptions if one invests in this scheme...

Returns antha clear ga levu 60yrs ante too much asala.. mana pisal tho valla dandha.. MF better emo atleast we have control and better xirr

[andhra_jp]

1 hour ago, jalsa01 said:

Returns antha clear ga levu 60yrs ante too much asala.. mana pisal tho valla dandha.. MF better emo atleast we have control and better xirr

yes with mutual funds we can exit any day and its not locked...

[jalsa01]

3 hours ago, andhra_jp said:

yes with mutual funds we can exit any day and its not locked...

ya india lo Large Cap a easy ga 12%+ istai returns.. more over we always have flexibility of withdrawal and change the fund category if needed. 

[enigmatic]

take all these with a grain of salt. most of them don't specify where they invest. they say guaranteed return of something which is barely equal to an Fixed deposit return.