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NPS vs Mutual Fund SIP in Telugu | Should I Invest in NPS or Mutual Funds SIP? | Kowshik
SIP in mutual funds is one of the most preferred investment options among millennials today. Through a SIP, you can invest a fixed amount in mutual funds regularly. The amount mandated for financing will be debited from your account every month and utilised to buy units of the mutual fund you opt to invest in. National Pension Scheme is a social security initiative for individuals employed in the private, public, and unorganised sectors. Under this scheme, you will be required to regularly allocate a certain amount from your income towards a pension account during the employment period.
According to NSDL, SIPs allow you to regularly make small, recurring investments. It's ideal for subscribers who want to invest a certain amount every month, and it's also easier on the budget. An NPS subscriber can choose when to contribute to the programme during an assessment year. Similarly, they may decide to increase or decrease the amount they intend to invest annually.
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