The NPS or The National Pension Scheme is a government initiated voluntary pension system similar to that of mutual funds but such schemes are only meant for retirement related savings. My father retired last year so since then he has been trying to find out several schemes that can help him to save some money. The Pension Fund Manager in NPS are assigned to manage the pension fund and are vested with a lot of duties. One of my father’s friends explained it to us so we were able to grab the idea about how this works. Let me share with you what they do and which is the best Pension Fund manager in NPS.
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Pension Fund Manager is responsible for investing collected funds into asset classes as per investment objective and norms of Authority and Investment Policy. The Pension Fund Manager for NPS invest one’s money in 4 types of assets that are:
Equity
Government bond
Corporate debt and
Alternative investment funds.
Each of these have different risk-return profiles, I hope this answers all queries related to what is PFM in NPS.
Which Pension Fund Manager is best for NPS?HDFC Pension Fund is considered to be the best Pension Fund Manager. Other than it some famous managers are:
UTI Retirement Solutions
SBI Pension Fund
ICICI Pru. Pension Fund and more.
I hope the work of Pension Fund Manager in NPS is all clear now.
Read More:What is NPS PRAN Number?
How to open NPS Account?
Can we take loan on NPS?
Authors Of The Question
What is PFM in NPS?
Rubal
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2 Year
2022-08-16T09:44:46+00:00 2022-08-17T20:38:48+00:00Comment
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