The National Pension Scheme (NPS) is a low-cost, actively managed retirement product with tax advantages, flexibility, and long-term investment benefits. According to CEO of HDFC Pension Management, Sriram Iyer, the fully loaded cost of NPS is between 3 bps and 9 bps per annum, compared to other actively managed funds which typically charge between 1% and 2%. Additionally, the government offers attractive tax benefits for investing in NPS.