The subscribers of New Pension System (NPS) have earned impressive returns.
Four of the six fund managers have delivered more than 40% returns since inception in Tier I Equity option and more than 15% since inception in Tier II Equity option, as on 31 Oct 2010.
The NPS, governed by PFRDA, offers two type of accounts :TIER I & II within which there are three options each of Equity, Cash and Debt. Subscribers also can choose their own asset allocation or select the auto plan. The NPS allows up to 50% exposure to equity. It provides a choice of six fund managers, has low fund management fees, provides connectivity through the website and option to switch the fund managers once in a year. NPS has been included in the list of investments that are eligible for tax deduction under Section 80C.
Links:
www.pfrda.org.in/
www.npscra.nsdl.co.in
Also read:
http://economictimes.indiatimes.com/news/economy/finance/NPS-returns-make-case-for-investing-PF-funds-in-equity/articleshow/6550427.cms
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