Prospective subscribers have to submit the documents to comply with the KYC norms to the PoP along with the subscriber registration form.

Health related issues are a part and parcel of old age ( retirement phase ) and so the expenses related to these health issues can be quiet high in retirement.

In the 'Bucket Strategy' - each bucket has a role to play. Bucket 1 is the drawing down bucket and the funds are used to meet expenses. Bucket 2 will refill bucket 1 periodically and bucket 3 will refill bucket 2.

A fixed income security is a debt instrument issued by a government, corporation or other entity to finance and expand their operations. Fixed income securities provide investors a return in the form of fixed periodic payments and eventual return of principal at maturity.

However these securities see a rise in their values if the interest rate falls in the economy as they become more valuable due to their higher interest payouts.

Similarly, if the interest rates rises in the economy, these securities become less valuable.

Persons who already hold an account with the NPS are disqualified and cannot open another NPS account.

In the accumulation stage, growth should be the priority over income.

Investments in the accumulation stage has the benefit of time on its side. A long investment horizon enables taking on some risk in investing the savings to earn better returns, and to benefit from compounding.

A subscriber can exit from the NPS on reaching the age of 60 (normal superannuation) by using a minimum of 40 percent of the corpus to buy an annuity from the approved annuity service providers which will provide the monthly pension. The balance can be withdrawn as a lump sum.

Beta measures the extent of volatility in an equity investment relative to the volatility in a stock index which has a beta of 1.

An investment with beta greater than 1 is seen to be more risky than the market and an investment with a beta less than 1 is seen to be less risky than the market.

In the above question the beta is 1.4 which is more than 1. So the stock will fall more than market ie. it will fall 14% when the market falls 10%

Suppose the amount invested is Rs 1000

Interest earned is 10% =  Rs 100

Tax payable on this Rs 100 is 15% ie. Rs 15

So Net interest (Post Tax) earned is Rs 100 - Rs 15  = Rs 85

which is 8.5% of Rs 1000   ( 85  x  100  /  1000 )