NPS Vatsalya scheme is a good start But it needs phenomenal improvement and it can become very useful First thing is that,
it should have 100% allocation to equity When you are investing for ten years and more, having highest allocation to equity will only enhance the performance Secondly,
this 25% restriction on withdrawal, this should not be tailored to child's retirement It should be tailored to child's education because that is like investment in the future Of course,
the government is working towards simplifying the tax policies, but this is one thing for which I would like to desire an exemption,
even if it amounts to violating my core principle of simplifying things Up to ₹1 lakh of annual contribution to Vatsalya scheme should be tax exempt, should be a deductible expense for everybody