ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • Survey
  • videos
  • photos
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • Dalal Street Corner: Softening crude, FIIs turning net buyers allow market to close on high note; what should investors do on Th
  • Gold Price Outlook: Yellow metal on slippery ground; experts give intraday trading strategy, outlook
  • Will oil prices surge to $380 or slump to $45—What JP Morgan, CITI reports say?
  • MF industry's asset base rises 14% to Rs 37.75 lakh cr in June quarter
  • TVS Motor drives in new bike 'Ronin' priced at Rs 1.49 lakh
Read in App
Business News » Personal Finance News

Crorepati Calculator: Turn your Rs 200 per day savings into Rs 1 cr plus Rs 33,963 monthly pension; here is Money making tip

Crorepati Calculator: Those who want to retire rich, need not invest in different investment schemes. They just have to invest differently. Let us take the National Pension System or NPS Scheme.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Crorepati Calculator: Turn your Rs 200 per day savings into Rs 1 cr plus Rs 33,963 monthly pension; here is Money making tip
NPS scheme allows an investor to invest in both equity and debt as the MNPS account holder gets two accounts — debt account and equity account. Photo: Reuters

Crorepati Calculator: Those who want to retire rich, need not invest in different investment schemes. They just have to invest differently. Let us take the National Pension System or NPS Scheme. The pension scheme allows an investor to invest in both equity and debt as the MNPS account holder gets two accounts — debt account and equity account. As per the NPS investment rules, one can invest up to 75 per cent in equity - means a minimum of 25 per cent has to be invested in an NPS debt account. As per the tax and investment experts, one should opt for the highest equity option in one's NPS contribution as the investment is for long-term. They said that in long-term, one can expect at least 12 per cent return on equity while debt will give 8 per cent.

Speaking on the benefit of this 75:25 equity-debt ratio in one's NPS account, SEBI registered tax and investment expert Jitendra Solanki said, "If someone opts for 75 per cent equity and 25 per cent debt, then one can expect one's money in the NPS to grow at 11 per cent [{12x (3/4) = 9} and {8x (1/4) = 2 means 9+2 = 11]." Solanki said that in the long-term, one should go for higher exposure in the equity mode of the NPS account as it gives an investor to maximise one's return with limited risk.

See Zee Business Live TV Streaming Below:

On what should be the proper strategy that an NPS account holder should opt while investing; Kartik Jhaveri, Director — Wealth Management at Transcend Consultants said, "IF someone has slightly higher risk appetite, then my advice for such investor is to go for high exposure in equity and keep the debt exposure at the lowest level. It will help an investor to make maximum of one's money in the long-term."

Assuming the 75:25 equity-debt ratio in an NPS account, if an investor invests Rs 6000 per month for 30 years, one will be able to get 11 per cent return on one's total money. Using the NPS Calculator, if the investor buys a 40 per cent annuity after 30 years, one's amount on withdrawal will be Rs 1.01,88,821 while the 40 per cent annuity will help the NPS Scheme beneficiary to fetch Rs 33,963 monthly pension.

Source: NPS Trust Calculator

So, the NPS Calculator clearly mentions that if an NPS account holder invests Rs 6,000 per month (that requires Rs 200 per day saving) maintaining maximum allowed exposure in the equity mode, one will be able to get Rs 1.01 crore plus Rs 33,963 monthly pension after retirement.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Moneycrorepatihow to become richNPSNational Pension System
Written By: Asit Manohar
Edited By: Harish Dugh
Updated: Sun, Jan 31, 2021
10:31 am
New Delhi, ZeeBiz WebDesk
RELATED NEWS
How number of billionaires in Asia-Pacific expanded significantly since Covid-19 began How number of billionaires in Asia-Pacific expanded significantly since Covid-19 began
Investing or want to invest in Mutual Funds to become rich? These 5 myths may shatter your dream - Beware of them! Investing or want to invest in Mutual Funds to become rich? These 5 myths may shatter your dream - Beware of them!
Govt should allow cryptocurrencies, former finance secretary S C Garg Govt should allow cryptocurrencies, former finance secretary S C Garg
Crorepati Calculator: This mutual fund SIP trick will help you get more than double maturity amount — here is how Crorepati Calculator: This mutual fund SIP trick will help you get more than double maturity amount — here is how
Over Rs 1 crore! This mutual fund SIP trick will help you double your maturity amount — here is calculation Over Rs 1 crore! This mutual fund SIP trick will help you double your maturity amount — here is calculation

LATEST NEWS

Will oil prices surge to $380 or slump to $45—What JP Morgan, CITI reports say?

Gold Price Today: Yellow metal firm as dollar rally pauses; check gold rate in your city

IRCTC to launch many trains on 'Bharat Gaurav' theme soon; tour duration, package cost and more- All you need to know

Samsung Elec posts higher Q2 profit on strong server-chip demand

Stocks in news: GM Breweries, Torrent Pharma, Titan, HDFC Bank among other shares that may remain in focus today - Here's why

Stocks to buy today: List of 20 stocks for profitable trade on July 7

Muthoot Finance receives RBI’s approval on opening up 150 new branches; company plans to operationalise it in two months

Buy, Sell or Hold: What should investors do with Tube Investment, Saregama and Oil India?

TVS Motor set to make a big reveal today, Here's all you need to know

Amazon Prime adding free Grubhub meal delivery for members

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV