If I invest 50k in NPS, I would save 7k this year as per my tax calculation. Is this a good deal? In general, I don't like such long term investment, maybe I'd start that when I'm 35 but not today.

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NPS has the worst liquidity (Can only withdraw post retirement). Stay away.
Rather purchase ELSS with good histororical performance and low TER (Expense ratio).

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Why don't you start now and stop at 35

When you factor in the tax savings with the returns NPS is a good deal.

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