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National Pension System (NPS)

 

A tool, not only for additional TAX saving but also for your perfect Retirement plan

National Pension System (NPS)

About :  NPS is an easily accessible, low cost, tax-efficient, flexible and portable retirement savings account. Under the NPS, the individual contributes to his retirement account and also his employer can also co-contribute for the social security/welfare of the individual.

NPS is designed on Defined contribution basis wherein the subscriber contributes to his account, there is no defined benefit that would be available at the time of exit from the system and the accumulated wealth depends on the contributions made and the income generated from investment of such wealth.

The Central Government has introduced the National Pension System (NPS) with effect from January 01, 2004 (except for armed forces)

NPS is available to all Indian citizens from 1st May 2009 on a voluntary basis

NPS-Corporate Sector Model is available through POP from December 2011

Who can Join:

  1. Citizen of India; Resident or Non-Resident
  2. Age between 18-65 years, as on date of joining
  3. Salaried or Self Employed

Benefits Of NPS :

  • Retirement Planning & Investment with attractive Market Linked Returns
  • Regulated by PFRDA, It’s Safe, Secure, Low cost & Transparent
  • Freedom to chose you Pension Fund Manager and Asset Allocation
  • Exclusive Tax Benefit up to Rs. 50,000 u/s 80CCD(1B)
  • Portability: Change your Fund Manager, Asset allocation, location or employment, your PRAN will remain the same
  • Online Login: Manage your account online
  • Chose your own contribution: Contributions can vary each year so contribute as per your ease

 

National Pension System

Call @ 8696444436 for subscription today


NPS Performance as on 26th March 2020 ( E - Tier I)

 

 

Absolute

Annualised

Scheme Name

Latest NAV(Rs)

1 Year

3 Years

5 Years

Aditya Birla Sun Life Pension

9.2406

-23.9008

 NA NA 

HDFC Pension Management Company Limited

16.9674

-23.4464

-0.9702

2.2606

ICICI Prudential Pension Fund

22.0531

-26.2105

-2.8894

0.8777

Kotak Pension Fund

20.6398

-24.5379

-2.3336

1.3536

LIC Pension Fund

13.7531

-28.6604

-4.9326

-0.5139

SBI Pension Fund

19.1990

-25.1174

-2.1675

1.4567

UTI Retirement Solutions Pension Fund

21.6356

-27.9016

-3.1993

1.0779

 

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