Retirement funding using NSC or KVP – Which is a better option for a 40 yr old ?

Hi,

This might have been asked before but I couldnt find any thread.Hence asking.

Am 40 years and plan to retire (like most) by 60. I am investing about 40K in various MF’s. Additionally i wanted to invest 50K in a year or so.

Instead of investing in MF/Equity would the idea of investing the same 50K every month on KVP or NSC (10 years) be a better options?. This would add an income of 1.14Lakhs every month. Is this a good way to build a monthly retirement income ?

Thanks,

Hari