NPS Equity Funds Deliver Strong Returns: Kotak Pension Fund Tops the List with 16.24% Returns Over Three Years.

The National Pension System (NPS) has delivered strong returns over the past three years, with seven out of 10 fund managers generating up to 17% returns. The highest return was delivered by Kotak Pension Fund at 16.24%, followed by UTI Pension Fund and ICICI Prudential Pension Fund with 15.98% and 15.76%, respectively. HDFC Pension Fund and LIC Pension Fund generated returns of 14.52% and 14.25%, respectively, while ABSL Pension Fund posted a 13.81% return. SBI Pension Fund delivered a return of 12.86%.

The National Pension System (NPS) has shown robust performance over the past three years, with seven out of ten fund managers achieving returns of up to 17%. The highest return was delivered by Kotak Pension Fund, which registered a 16.24% return. UTI Pension Fund and ICICI Prudential Pension Fund followed closely with returns of 15.98% and 15.76%, respectively. HDFC Pension Fund and LIC Pension Fund generated returns of 14.52% and 14.25%, respectively, while ABSL Pension Fund posted a 13.81% return. SBI Pension Fund delivered a return of 12.86%.

The NPS, a defined contribution pension system, offers two investment options: Tier 1 and Tier 2. Tier 1 investments are designed for long-term retirement planning, with a lock-in period of 15 years for partial withdrawals, and offer tax deductions of up to 50,000 per year. Tier 2 investments, on the other hand, are more flexible and allow for withdrawals at any time, but do not offer tax deductions.

The performance of the NPS over the past three years underscores the potential of the system as a reliable retirement savings option. The diverse range of returns highlights the importance of selecting the appropriate fund manager and investment strategy for individual financial goals.

References:
[1] https://www.moneycontrol.com/personal-finance/nps-national-pension-scheme