Speaker Info: Nirav Karkera is the Head of Research at Finity. He is known to look beyond just numbers and identify wealth-creation opportunities in the Indian capital markets. A former U.S. Oil & Gas, Chemicals credit analyst with a globally-renowned credit rating agency, he has a penchant for translating dynamic economics into wealth propositions. Nirav specializes in generating risk-optimal wealth for investors through strategic as well as tactical play with equity and fixed income assets. He is up, anytime, for an intellectual debate around anything that pertains to business, economics & wealth. He can be reached at email@example.com
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Who is eligible for NPS?
Good morning everyone so as we already discussed about the National Pension System is and we already know that it offers a very good tax saving option at the same time.
Let us understand few letigrities about the NPS.
1. Let us understand who can invest in NPS?
So to invest in NPS there are two simple eligibility criteria.
You should be a resident Indian citizen of India who of atleast of 18 to 65 years of age as on date of submission of the form.
He or She should comply with all standard requirements for the KYC as mentioned in the subcriber registration form.
Before we check the eligibility criteria of the National Pension System it only makes sense to understand who would be managing these investments on behalf of the investors.
So the concept of a pension fund manager is an Asset Management Company which collects the pension investment funds from investors and invest on behalf of them as per the asset allocation choosen by the investor.
In INDIA we have 9 pension fund managers so here are the following:
- LIC Pension fund
- SBI Pension fund
- UTI Pension fund
- Reliance capital AMC
- Kotak Mahindra AMC
- Birla AMC
- ICICI Prudential Life Insurance
- DSP Blackrock pension fund
- HDFC Pension fund management