SIP vs Government Schemes: Which is the best retirement plan, click here to know

Before investing in government schemes, consider the interest rate and its growth over 10-20 years. For mutual funds, analyze the average returns of the fund before investing.
SIP Investment:
SIP allows investors to invest a fixed amount in mutual funds on a regular basis. Although SIP investments are subject to market risks, they have given annual returns of 12% to 15%.
National Pension Scheme (NPS)
NPS is a government-regulated pension savings scheme that offers market-linked returns, typically 8% to 10%. Investors get the benefit of tax exemption under Section 80C and 80CCD(1).
Senior Citizen Savings Scheme (SCSS)
SCSS is for people aged 60 years and above, offering an 8.20% annual interest rate for five years, which can be extended for three more years.
Public Provident Fund (PPF)
PPF is a long-term investment with a lock-in of 15 years, currently offering 7.10% annual interest. PPF investments are tax-free under Section 80C.
Retirement Planning
Investing Rs 10,000 every month for 20 years: With a 10% annual return in SIP, your investment becomes Rs 76 lakh. In NPS, with a 9% return, it is Rs 66 lakh. In PPF, at 7.10%, it is Rs 52 lakh.