NPS Vatsalya vs Sukanya Samriddhi Calculator: Which will help generate higher corpus on Rs 10,000 monthly contribution for 15 years?

NPS Vatsalya versus Sukanya Samriddhi Yojana (SSY): After the motorboat of the caller NPS Vatsalya strategy which aims astatine securing child's aboriginal financially, you arsenic a genitor whitethorn beryllium wondering whether NPS Vatsalya oregon SSY  volition fetch a amended instrumentality if you person to take betwixt the two.

Importantly, portion the 2 schemes are not comparable with the SSY being sovereign-backed and the different a market-linked instrument, it volition assistance america get astatine immoderate estimates.

Siddharth Alok,AVP Investments, Multi Ark Wealth-Epsilon Money said, "it is not an apple-to-apple comparison. For starters, SSY is disposable lone for miss child. Secondly, it is purely a indebtedness product, presently offering ~8.2% per annum. This involvement complaint is acceptable by the authorities and whitethorn change. NPS Vatsalya is simply a marketplace linked merchandise with mean instrumentality ranging 10 – 12%. 
Just for assumptions, let’s accidental INR 10,000 is invested each twelvemonth for the adjacent 10 years (i.e., till the kid is 18 years) successful some these solutions, NPS volition go ~INR 1.86 lacs portion SSY volition springiness a full of ~INR 1.58 lacs, assuming NPS grows astatine 11% CAGR and the involvement complaint for SSY continues to beryllium 8.2%, added Alok.

Calculating the returns from NPS Vatsalya versus Sukanya Samriddhi Yojana

Here we are taking the tenure of concern arsenic 15 years and the concern magnitude arsenic Rs 10,000 per month.

So, successful specified a scenario, considering 12 per cent instrumentality per annum, with the NPS Vatsalya strategy an capitalist aft a 15 twelvemonth tenure volition enactment successful a full concern of Rs 18 lakh and connected it his instrumentality volition beryllium Rs 32,45,660, taking the full corpus of Rs 50,45,760.

Nonetheless, successful the lawsuit of SSY, portion the corpus successful 15 years would turn to Rs 34,56,412, the aforesaid would standard up adjacent much astatine maturity aft 21 years arsenic the centre connected this strategy offers the involvement for 6 years without immoderate additonal investment.