Top 7 NPS funds in the last 5 years; Rs 1 lakh investment in top fund has turned into Rs 2.15 lakh
Tier-1 NPS account has been designed as a pension scheme, It has a lock-in period of 15 years, and provides income after that. Tier-II account, on the other hand, is like a savings account where one can withdraw money anytime. Tier-1 NPS account also provides tax relaxation up to Rs 50,000.
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08:51 PM IST
National Pension System (NPS) is open to non-government employees where one can invest a fixed amount every month and get pension. The retirement scheme has two types of accounts- Tier 1 and Tier 2. Tier-1 account has been designed as a pension scheme. It has a lock-in period of 15 years, and provides income after that. Tier-II account, on the other hand, is like a savings account, where one can withdraw money anytime. Tier-1 NPS account also provides tax relaxation of Rs 50,000. Such facility is not available in a Tier-II account. Here is a list of top NPS mutual funds; their returns in the five years, and what Rs 1 lakh investment in each of the funds has grown to in those years.
ICICI Prudential Fund Scheme E- Tier-II
The fund tops the list as it has given 16.60 per cent returns in the five years against the category average of 15.84 per cent in the same duration.
Its benchmark is Nifty 50. A Rs 1 lakh investment in the fund 5 years ago has turned into Rs 21,4913.0.
Kotak Pension Fund Scheme E- Tier-1
The fund at No. 2 position has given returns of 16.40 per cent in the five years against the category average of 15.84 per cent.
It has a NAV of Rs 58.85. A Rs 1 lakh investment five years ago in the fund has grown to Rs 21,4002.60.
HDFC Pension Management Company Limited Scheme E-Tier-II
The Tier-II fund of the company has given 16.20 per cent returns in the last five years against the category average of 15.84 per cent.
The fund has an NAV of Rs 40.89. One's investment of Rs 1 lakh in the fund five years ago has grown to Rs 21,1399.80.
Birla Sunlife Pension Scheme E Tier-II
The fund's returns in the last five years are 16.00 per cent against the category average of 15.84 per cent.
The fund has NAV of Rs 25.50. Had one invested Rs 1 lakh in the scheme five years ago, they would have had Rs 20,9689.0 in today's date.
UTI Retirement Solutions Pension Fund Scheme E- Tier I
This NPS fund has given returns of 15.70 per cent in the five years against the category average of 15.84 per cent.
The fund has NAV of Rs 62.81. A Rs 1 lakh investment in the scheme five years ago has grown to Rs 20,7374.80 in current times.
LIC Pension Fund Scheme E- Tier I
The fund has given a return of 15.60 per cent in the last five years against the category average of 15.84 per cent.
The fund has NAV of Rs 40.20. A Rs 1 lakh investment in the fund has given Rs 20,6813.70 in the last five years.
SBI Pension FUnd Scheme E- Tier I
The fund from SBI has given returns of 15.00 per cent in the last five years against the category average of 15.84.
It has NAV of Rs 51.94. A Rs1 lakh investment in the fund five years ago has become Rs 20,0957.30.
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