new Delhi. For a secure future, it is very important to invest your deposits in the right place. Most people like to invest in FD and post office schemes. Some others invest in mutual funds for higher profits. But do you know that even more can be achieved by investing money in the NPS – National Pension System. Recently LIC Pension Fund Tier-II NPS Accounts have given the highest double digit returns in the last three years. If you also want to become a millionaire in a short time, then investing in NPS Tier-2 can be beneficial.
What is NPS Tier-2 account?
With the monthly pension in the NPS i.e. National Pension System, at the age of 60 you also get a lump sum amount. To invest in this scheme operated by PFRDA, the person should be between 18 to 65 years of age. It has options like NPS Tier-1 and NPS Tier-2. In NPS Tier-2, you can withdraw money according to your need. An account can be opened in this scheme from Rs 1,000. It is necessary to contribute at least 250 rupees a year.
Return in double digits in NPS
In the last three years, almost all the National Pension System Tier 2 have given double digit returns. The predominantly popular 7 pension fund managers are said to have given annualized returns ranging from 11.01 per cent to 13.5 per cent. Even in the 5-year return period, LIC Pension Fund has given the highest return of 11.88 per cent. While the CCIL Sovereign Bond and the 10-year Guild Mutual Fund have given only 10.78 per cent. In such a situation, you can get more returns from mutual funds by investing in NPS.