The National Pension System has become more friendly in recent years. But some dampeners remain. Here’s how the key changes affect you as an investor

When it comes to investment products, the government has a favourite child — the National Pension System (NPS). This low-cost, market-linked, ‘defined-contribution’ pension scheme has been given an aggressive makeover and push by the government. That’s because it wants to bring more Indians under the pension umbrella. At the same time, the government wants to move away from assured-returns base...