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Which Pension Fund Manager Is Best For NPS?

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0 2023-07-09T19:20:17+00:00

Prior to making an investment in NPS, you must choose the Best NPS Fund Manager that fits your investment horizon, objectives, and risk tolerance. 

Best pension fund manager for NPS:

The top pension fund manager for NPS in India for both the public and private sectors are;

  • SBI Pension Funds Pvt. Ltd. (Government sector and Non-government sector)

  • LIC Pension Fund Ltd. (Government sector and Non-government sector)

  • UTI Retirement Solutions Ltd. (Government sector and Non-government sector)

  • HDFC Pension Management Co. Ltd. (Non-government sector)

  • ICICI Prudential Pension Fund Management Co. Ltd. (Non-government sector)

  • Kotak Mahindra Pension Fund Ltd. (Non-government sector)

  • Aditya Birla Sun Life Pension Management Ltd. (Non-government sector)

  • Tata Pension Management Ltd. (Non-government sector)

  • Max Life Pension Fund Management Ltd. (Non-government sector)

  • Axis Pension Fund Management Ltd. (Non-government sector)

The NPS fund manager's responsibilities include the following: 
  • It combines money from investors to invest in a variety of asset classes with the goal of generating the highest returns with the least amount of risk.

  • According to the Investment Policy and Authority's Regulations, they must invest in the fund pool.

  • Assessing an investment's performance frequently to make sure it is producing the best returns.

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After understanding the best NPS fund manager, I’d say that the NPS regulations allow you to choose a different fund manager for your Tier I and Tier II accounts. You cannot select various fund managers for various asset classes within the same Tier. The manager of the corporate bond, stock, and government assets, for instance, will only be from LIC if you select the LIC Pension Fund.

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Read More:

How to Change Nominee in NPS Account? Which is the Best Pension Fund Manager for NPS? Can I Open Both NPS and Atal Pension Yojana?

After the Provident Fund, the National Pension Scheme is one of the most popular pension-oriented plans people invest in. The Central Government introduced this scheme as part of the social security plans for every Indian citizen. The NPS scheme helps us invest in low-risk, security, or alternative investments that help us get good returns. Since the NPS scheme is very popular, let us understand which pension fund manager is best for NPS?

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Which is the best pension fund manager for NPS?

Some of the NPS Fund Managers are:

  • Aditya Birla Sun Life Pension Management Limited.

  • HDFC Pension Management Company Limited.

  • UTI Retirement Solutions Limited.

  • SBI Pension Funds Private Limited.

  • ICICI Prudential Pension Funds Management Company Limited.

  • Reliance Pension Fund.

  • Kotak Mahindra Pension Fund Limited.

  • LIC Pension Fund.

Among these pension funds SBI Pension Funds, LIC Pension Funds, and UTI Retirement Solutions are the ones that manage pension contributions of Government employees under NPS.

Which pension fund is best for NPS?

I will share a chart for three top-performing NPS’ Net Asset Value and this will help you judge better. 

The top performing NPS Fund Manager for the Central Government Scheme-

Pension Fund Managers SBI Pension Fund UTI Retirement Solutions LIC Pension Fund
Net Asset Value (NAV) (As of 31st Dec 2021)

37.2135

36.0889

36.2794

Returns* 1-year

6.40%

6.81%

7.20%

3-year

10.42%

10.47%

10.49%

5-year

8.92%

9.05%

8.98%

 

The top performing NPS Fund Managers for Government Scheme is

 
Pension Fund Managers SBI Pension Fund LIC Pension Fund UTI Retirement Solutions
Net Asset Value (NAV) (As of 31st Dec 2021)

31.9520

32.2714

32.1044

Returns* 1-year

6.29%

7.02%

6.74%

3-year

10.43%

10.37%

10.46%

5-year

8.84%

8.85%

8.95%

 

The top performing NPS Fund Managers for Tier I Returns (Scheme E) is:

 
Pension Fund Managers Returns*
1-year 3-year 5-year
HDFC Pension Fund

25.92%

17.97%

17.14%

UTI Retirement Solutions

25.54%

16.15%

15.88%

SBI Pension Fund

24.15%

15.98%

15.39%

ICICI Pru. Pension Fund

26.34%

17.49%

16.11%

Kotak Mahindra Pension Fund

27.25%

17.85%

16.52%

LIC Pension Fund

27.78%

15.96%

14.79%

Top Performing Fund Managers for Generating the Best NPS Tier I Equity Funds 

 
Term Best Returns Pension Fund Manager
1-year

27.78%

LIC Pension Fund Ltd. – Scheme E – TIER I

3-year

17.97%

HDFC Pension Fund – Scheme E – TIER I

5-year

17.14%

HDFC Pension Fund – Scheme E – TIER I

 

Top Performing NPS Fund Managers for Tier II returns:

Pension Fund Managers Returns*
1-year 3-year 5-year
HDFC Pension Fund

25.76%

17.90%

17.09%

UTI Retirement Solutions

26.26%

16.50%

16.20%

SBI Pension Fund

24.08%

16.06%

15.47%

ICICI Pension Fund

26.29%

17.58%

16.21%

Kotak Mahindra Pension Fund

27.15%

17.59%

16.38%

LIC Pension Fund

27.78%

15.84%

14.52%

 

Top Performing fund Managers for NPS Tier II Equity:

Term Best Returns Pension Fund Manager
1-year

27.78%

LIC Pension Fund Ltd. – Scheme E – TIER II

3-year

17.90%

HDFC Pension Fund – Scheme E – TIER II

5-year

17.09%

HDFC Pension Fund – Scheme E – TIER II

 

I hope this helps you understand which pension fund manager is best for NPS.

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0 2022-08-16T09:56:08+00:00

The ample number of pension schemes in India have made it quite difficult to choose the best scheme among them. My father retired 4 months back and since then several people have started talking about several plans and recently we got to know about the NPS or National Pension Scheme. It is a specialised division of Pension Fund Regulatory and Development Authority and falls under the jurisdiction of the Ministry of Finance of the government of India. Let me tell you which is the best Pension Fund Manager for NPS so that you too can research and start investing there. 

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Pension Fund Managers manages the pension fund and is responsible for investing the collected funds into asset classes as per the rules of Authority and Investment Policy.

 

Which Pension Fund Manager is best for NPS?

It is hard to tell which is the best among a number of managers as different people want different schemes and benefits and what suits me might not suit you. However If I had to answer which is the best

Pension Fund Manager

for NPS, I will say Aditya Birla Sun Life Pension Management system. Most of the people have given it positive reviews and being in this field for several years, the Birla group is definitely trustable. 

 

This is all I will answer to your question: which is best pension fund manager for nps.

However you can also try checking out:

  • HDFC Pension Management

  • ICICI Prudential Pension Fund Management

  • Kotak Mahindra Pension Fund

  • LIC Pension Fund

  • SBI Pension Fund

  • UTI Retirement Solutions schemes.

I hope these names will be enough to give you an idea about the best

Pension Fund Manager

for NPS.

  Read More:

What is NPS PRAN Number?

How to open NPS Account?

Can we take loan on NPS?

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