Insightful Interview!
1. ๐๐จ๐ฌ๐ข๐ญ๐ข๐ฏ๐ ๐๐ฑ๐ข๐ญ ๐๐๐ซ๐ซ๐ข๐๐ซ: ๐บ๐๐๐๐๐ ๐ฐ๐๐๐, ๐ช๐ฌ๐ถ ๐๐ ๐ฏ๐ซ๐ญ๐ช ๐ท๐๐๐๐๐๐, highlights that the National Pension System (NPS) has an exit barrier which is a positive feature. This lack of liquidity means the money stays invested longer, leading to greater growth potential before retirement.
2. ๐๐๐ซ๐๐๐ฉ๐ญ๐ข๐จ๐ง ๐๐ง๐ ๐๐ฐ๐๐ซ๐๐ง๐๐ฌ๐ฌ: The main challenge for NPS is the lack of awareness and the perception that its features are drawbacks. Many investors view the illiquidity and long-term nature negatively, despite these aspects being beneficial for long-term growth.
3. ๐๐๐ฑ ๐๐๐ง๐๐๐ข๐ญ๐ฌ: NPS offers significant tax advantages, such as a contribution benefit of up to โน1.5 lakh under Section 80C and an additional โน50,000 under Section 80CCD(1B). These benefits can make NPS an attractive investment vehicle if effectively communicated to potential investors.
4. ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ ๐๐๐จ๐ฉ๐ญ๐ข๐จ๐ง: While NPS has grown, corporate adoption remains low. Companies often donโt see the immediate tax benefits and donโt actively promote NPS to their employees. Educating corporate employees and making contributions more flexible could improve uptake.
5. ๐๐จ๐ฎ๐ง๐ ๐๐ง๐ฏ๐๐ฌ๐ญ๐จ๐ซ๐ฌ: Young people often overlook NPS due to distractions and a preference for immediate gratification. However, investing in NPS from a young age can lead to substantial long-term benefits due to the power of compounding.
6. ๐๐ง๐๐จ๐ฎ๐ซ๐๐ ๐ข๐ง๐ ๐๐๐ซ๐ญ๐ข๐๐ข๐ฉ๐๐ญ๐ข๐จ๐ง: To increase participation, employers could contribute on behalf of employees, similar to a provident fund. This would not only provide immediate tax benefits but also instill a saving habit among employees.
7. ๐๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐๐๐ญ๐ข๐จ๐ง ๐๐ญ๐ซ๐๐ญ๐๐ ๐ฒ: A compelling narrative highlighting the long-term benefits and addressing the perceived drawbacks is essential. Simplifying the product and actively educating potential investors could drive higher enrollment in the NPS.
1. ๐๐จ๐ฌ๐ข๐ญ๐ข๐ฏ๐ ๐๐ฑ๐ข๐ญ ๐๐๐ซ๐ซ๐ข๐๐ซ: ๐บ๐๐๐๐๐ ๐ฐ๐๐๐, ๐ช๐ฌ๐ถ ๐๐ ๐ฏ๐ซ๐ญ๐ช ๐ท๐๐๐๐๐๐, highlights that the National Pension System (NPS) has an exit barrier which is a positive feature. This lack of liquidity means the money stays invested longer, leading to greater growth potential before retirement.
2. ๐๐๐ซ๐๐๐ฉ๐ญ๐ข๐จ๐ง ๐๐ง๐ ๐๐ฐ๐๐ซ๐๐ง๐๐ฌ๐ฌ: The main challenge for NPS is the lack of awareness and the perception that its features are drawbacks. Many investors view the illiquidity and long-term nature negatively, despite these aspects being beneficial for long-term growth.
3. ๐๐๐ฑ ๐๐๐ง๐๐๐ข๐ญ๐ฌ: NPS offers significant tax advantages, such as a contribution benefit of up to โน1.5 lakh under Section 80C and an additional โน50,000 under Section 80CCD(1B). These benefits can make NPS an attractive investment vehicle if effectively communicated to potential investors.
4. ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ ๐๐๐จ๐ฉ๐ญ๐ข๐จ๐ง: While NPS has grown, corporate adoption remains low. Companies often donโt see the immediate tax benefits and donโt actively promote NPS to their employees. Educating corporate employees and making contributions more flexible could improve uptake.
5. ๐๐จ๐ฎ๐ง๐ ๐๐ง๐ฏ๐๐ฌ๐ญ๐จ๐ซ๐ฌ: Young people often overlook NPS due to distractions and a preference for immediate gratification. However, investing in NPS from a young age can lead to substantial long-term benefits due to the power of compounding.
6. ๐๐ง๐๐จ๐ฎ๐ซ๐๐ ๐ข๐ง๐ ๐๐๐ซ๐ญ๐ข๐๐ข๐ฉ๐๐ญ๐ข๐จ๐ง: To increase participation, employers could contribute on behalf of employees, similar to a provident fund. This would not only provide immediate tax benefits but also instill a saving habit among employees.
7. ๐๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐๐๐ญ๐ข๐จ๐ง ๐๐ญ๐ซ๐๐ญ๐๐ ๐ฒ: A compelling narrative highlighting the long-term benefits and addressing the perceived drawbacks is essential. Simplifying the product and actively educating potential investors could drive higher enrollment in the NPS.
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Forwarded from Agribee : NABARD, IBPS AFO, AAO, FSSAI & other agri exams
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๐ณDon't miss out on this valuable session!
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โ Registration Link: https://www.ixambee.com/form/Uar20zIVj0jelZJL
๐ณDon't miss out on this valuable session!
๐คSee you there!
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Question of the Day.......๐ช๐ป๐ช๐ป๐๐
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Download PDF : https://www.ixambee.com/live-class-session-pdfs/sebi-grade-a-commerce-and-accounts-mcqs-booklet
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Forwarded from Agribee : NABARD, IBPS AFO, AAO, FSSAI & other agri exams
Team ixamBee is inviting you to a scheduled Zoom meeting.
Topic: NABARD Workshop with Kailash sir
Time: May 27, 2024 08:00 PM Mumbai, Kolkata, New Delhi
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Topic: NABARD Workshop with Kailash sir
Time: May 27, 2024 08:00 PM Mumbai, Kolkata, New Delhi
Join Zoom Meeting
https://zoom.us/j/95878189876?pwd=SnZyeVRuT0pvbFQySmVJTGRvVEJMQT09
Meeting ID: 958 7818 9876
Passcode: 336310
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Forwarded from Target RBI Grade B 2025
Download PDF : https://www.ixambee.com/live-class-session-pdfs/sebi-grade-a-commerce-and-accounts-mcqs-booklet
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๐ Attention RBI Grade B 2024 Batch 8 ๐
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Personalized 50 +20 days Study Plan for the RBI Grade B exam is now available for download! ๐โจ
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