Learn about the Top Performing NPS Schemes, top NPS fund managers for schemes, and how Vakilsearch may offer legal assistance.
Employees in the public and commercial sectors in India have access to retirement savings alternatives through the government-sponsored National Pension System (NPS). NPS investments are handled by several fund managers that the PFRDA appoints by the rules established by the Pension Fund Regulatory and Development Authority (PFRDA). To provide returns for the NPS subscribers, these fund managers make investments in a variety of asset types, including equities, corporate bonds, government bonds, and others. Let us discuss in detail Top Performing NPS Schemes 2024.
Pension Fund Managers
There are ten pension fund managers in the nation right now.
- SBI Pension Funds Private Limited.
- Pension Fund of LIC
- UTI Retirement Solutions Ltd.
- Incorporated is HDFC Pension Management Co.
- A company called ICICI Prudential Pension Fund Management Co.
- The Kotak Mahindra Pension Fund Ltd.
- Aditya Birla Sunlife Pension Management Limited.
- TAPIUM MANAGEMENT LTD.
- Management of Max Life Pension Fund Ltd.
- Management of Axis Pension Fund Ltd.
The only fund managers who manage government employee pension contributions under the NPS scheme are the SBI Pension Fund, LIC Pension Fund, and UTI Retirement Solutions.
Top Performing NPS Fund Managers – Central Government Scheme
| Pension Fund Managers | SBI Pension Fund | UTI Retirement Solutions | LIC Pension Fund | |
|
Net Asset Value (NAV)
|
38.5524 | 37.3377 | 37.5511 | |
| Returns* | 1-year | 4.00% | 3.96% | 4.09% |
| 3-year | 7.63% | 7.78% | 8.02% | |
| 5-year | 8.20% | 8.09% | 8.18% | |
The SBI Pension Fund had the best returns (8.20%) during the last five years under the NPS Central Government Scheme. The fund primarily invests in banking, state development loans, and government securities. The LIC Pension Fund follows closely behind, with returns for the same time recorded at 8.18%. Additionally, UTI Retirement Solutions reported gains of 8.09% for the previous five years.
Best Performing NPS Fund Managers 2024 – State Government Schemes
| Pension Fund Managers | SBI Pension Fund | LIC Pension Fund | UTI Retirement Solutions | |
|
Net Asset Value (NAV)
|
33.0798 | 33.4273 | 33.2237 | |
| Returns | 1-year | 3.97% | 4.14% | 4.00% |
| 3-year | 7.54% | 7.92% | 7.74% | |
| 5-year | 8.18% | 8.11% | 8.08% | |
SBI Pension Fund produced the greatest returns of 8.18% under the NPS state government scheme in the last five years. The fund’s portfolio has a heavy concentration of exposure to the banking industry. (banking and state development loans). LIC Pension Fund followed it by achieving 8.11% returns over the last five years.
Best Performing NPS Tier-I Returns 2024 – Scheme E
| Pension Fund Managers | Returns | ||
| 1-year | 3-year | 5-year | |
| SBI Pension Fund | 2.44% | 14.05% | 9.65% |
| LIC Pension Fund | 4.37% | 15.27% | 9.64% |
| UTI Retirement Solutions | 3.15% | 14.70% | 9.83% |
| ICICI Prudential Pension Fund | 2.48% | 14.72% | 9.99% |
| Kotak Mahindra Pension Fund | 2.96% | 15.05% | 10.21% |
| HDFC Pension Management | 3.00% | 14.93% | 10.82% |
| Aditya Birla Sunlife Pension Management | 2.83% | 13.93% | 9.83% |
| Since they were introduced in August 2022, September 2022, and October 2022, respectively, Tata Pension Fund, Max Life Pension Fund, and Axis Pension Fund data is not available. |
Fund Managers Generating the Best NPS Tier-I Equity Funds Returns On Various Terms
| Term | Best Returns | Pension Fund Manager |
| 1-year | 4.37% | LIC Pension Fund Ltd. – Scheme E – TIER I |
| 3-year | 15.27% | LIC Pension Fund Ltd. – Scheme E – TIER I |
| 5-year | 10.82% | HDFC Pension Fund – Scheme E – TIER I |
Top Performing NPS Schemes Tier-II Returns 2024 – Scheme E
| Pension Fund Managers | Returns | ||
| 1-year | 3-year | 5-year | |
| SBI Pension Fund | 2.69% | 14.20% | 9.73% |
| LIC Pension Fund | 4.41% | 15.31% | 9.78% |
| UTI Retirement Solutions | 3.08% | 14.73% | 10.03% |
| ICICI Prudential Pension Fund | 2.66% | 14.89% | 10.13% |
| Kotak Mahindra Pension Fund | 3.02% | 14.77% | 10.10% |
| HDFC Pension Management | 3.05% | 14.85% | 10.74% |
| Aditya Birla Sunlife Pension Management | 2.91% | 14.10% | 9.81% |
Fund Managers Generating the Best NPS Tier-II Equity Funds Returns On Different Tenures
| Term | Best Returns | Pension Fund Manager |
| 1-year | 4.41% | LIC Pension Fund Ltd. – Scheme E – TIER II |
| 3-year | 15.31% | LIC Pension Fund Ltd – Scheme E – TIER II |
| 5-year | 10.74% | HDFC Pension Fund – Scheme E – TIER II |
Conclusion
In conclusion, the National Pension System (NPS) is a popular retirement savings option for individuals in India. By investing in top-performing NPS schemes, investors can potentially earn attractive returns and secure their financial future. It is crucial to carefully evaluate the performance and track record of different NPS schemes before making investment decisions. Seeking professional advice from a registered investment advisor or financial planner can also be beneficial. Vakilsearch can assist investors in understanding the legal and regulatory aspects of NPS registration and compliance.
FAQs
How can I choose the top-performing NPS schemes for my investment?
Investors can evaluate NPS schemes based on their past performance, fund manager's track record, asset allocation, and risk factors. Consulting a financial advisor or conducting thorough research can also help.
What are the benefits of investing in NPS schemes?
NPS offers tax benefits, flexibility in investment options, and a regulated framework for retirement savings. It also allows investors to choose from various fund managers and investment strategies.
Can NPS investments be withdrawn before retirement age?
Yes, NPS offers partial withdrawal options for specific purposes like higher education, marriage, or critical illness, subject to certain conditions and limitations.
Is it mandatory to register with FIEO for Indian exporters?
FIEO registration is not mandatory for Indian exporters, but it can provide several benefits like access to international markets, government support, cost-effective exporting, and networking opportunities.
Can Vakilsearch assist with NPS registration and compliance?
Yes, Vakilsearch can offer expert assistance with NPS registration, compliance, and other related legal and regulatory matters.
