NPS

1) Myth: NPS starts with the word 'National' that means govt. will manage this.

Reality: NPS fund is managed by 7-8 private fund management teams. No hands of govt. here.

2) Myth: NPS is a retirement scheme hence value of my investment will move upwards only just like PPF.

Reality: NPS fund value moves upwards and downwards as market  moves. NPS also has its own NAV history just like any other mutual fund.

3) Myth: NPS gives me huge tax benefits under various sections.

Reality: Tax benefits under NPS is actually "tax deferment" - as I have finally to pay tax on maturity anyway,  on my capital as well as on my gain.