Currently, there are 10 Pension Fund Managers who manage investments by NPS subscribers: Aditya Birla Sun Life Pension Management, Axis Pension Fund Management, HDFC Pension Management, ICICI Prudential Pension Fund Management, Kotak Mahindra Pension Fund, LIC Pension Fund, Max Life Pension Fund Management, SBI Pension Funds, Tata Pension Management and UTI Retirement Solutions.
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Pension fund managers are professional institutions responsible for managing your NPS investments, and they operate under the regulation of the Pension Fund Regulatory and Development Authority (PFRDA).
These fund managers invest your money across four asset classes: Equity (Class E), Government bonds (Class G), Corporate debt (Class C), and alternative investment funds (Class A). Each asset class has its own unique risk-return profile, allowing for a diverse investment strategy.
One of the key advantages of the NPS is the flexibility it offers in asset allocation. You have the freedom to choose how to distribute your investments among these four classes, enabling you to tailor your portfolio according to your risk tolerance and financial goals.
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Currently, there are 10 Pension Fund Managers who manage investments by NPS subscribers: Aditya Birla Sun Life Pension Management, Axis Pension Fund Management, HDFC Pension Management, ICICI Prudential Pension Fund Management, Kotak Mahindra Pension Fund, LIC Pension Fund, Max Life Pension Fund Management, SBI Pension Funds, Tata Pension Management and UTI Retirement Solutions.
In this article, we will review the performance of top 5 NPS funds based on their five-year yields.
HDFC Pension Fund
HDFC Pension Fund started on August 1, 2013, and has a fund size of Rs 38,274 crore. It boasts an impressive 5-year return of 16.85% p.a. and has attracted a significant subscriber base of 1,405,208.
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SBI Pension Fund
SBI Pension Fund, launched on May 15, 2009, manages Rs 27,746 crore. It has achieved a 5-year return of 15.73% p.a. and has garnered 1,274,750 subscribers.
ICICI Prudential Pension Fund
ICICI Prudential Pension Fund began on May 18, 2009 and now has a fund size of Rs 14,023 crore. This fund offers a 5-year return of 17.17% p.a. and currently has 537,583 subscribers.
LIC Pension Fund
LIC Pension Fund started on July 23, 2013, and manages Rs 8,563 crore. It has delivered a 5-year return of 16.63% p.a. and has a subscriber count of 338,689.
Axis Pension Fund
Axis Pension Fund Management Limited launched on October 21, 2022, with a modest fund size of Rs 123 crore. While it does not yet have available return data, it has attracted 4,045 subscribers.
