Question
Subscribers to the Minimum Assured Return Scheme (MARS)
under the new pension system (NPS) will have to stay invested for how many years to claim the guaranteed return?Solution
Subscribers to the Minimum Assured Return Scheme (MARS) under the new pension system (NPS) will have to stay invested for 10 years to claim the guaranteed return. Only those investors who remain invested for 10 years will get a guaranteed return and if the actual return falls below the assured amount, pension fund managers shall bridge the gap. This will be the only product that shall be launched under MARS.
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