NPS vs Mutual Fund
I invested in Mutual fund through SIP. Total profit was 6k after 1 year (Total invested amount around 60k) Today I saw monthly NPS statement of June 2024 month. This NPS contribution consist of company contribution and person contribution of ₹100 per month.
Total gain is 13399 for 60397 total contribution. I am surprised to see higher returns on my NPS than my Mutual fund investment.
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Your mutual fund is not good. Change it. Just 10% in last year is bad returns. Couldn't beat even index
How you contributed 60000 with 200 per month?
Company contributed NPS amount written on CTC irrespective of my contribution.
My NPS XIRR is 19%. I believe its much underrated considering the fact that you save upfront 30% tax on investments. I have been contributing since 2019 or so.