HDFC Life MD & CEO Amitabh Chaudhary, whose company is one of the fund mangers under NPS, said NPS penetration has not reached the desired level as expected in the country due to various reasons including low awareness, low packages, as well as inability to reach the untapped segment.Also, the reason why it is not
In a move aimed at making the exit process easier under the National Pension System(NPS), regulator Pension Fund Regulatory and Development Authority(PFRDA) will allow subscribers to withdraw from the scheme via on line mode from April 1 2016, said chairman Hemant G Contractor. PFRDA is constantly striving to improve the risk / reward profile of
The NPS assets under management has registered nearly 37% growth to 1.1 lakh crore as on December 31 from Rs. 80,855 crore at end March 2015. The total number of subscribers under NPS has increased 32% from 8.74 million as on March 31 , 2015 to 11.54 million in the current financial year up to
In a move that could augment flow of funds to the nascent alternative investment funds (AIFs) industry, the pension Fund Regulatory and Development Authority (PFRDA) has allowed private sector subscribers under the National Pension System(NPS) to invest up to 2% of their corpus in the tax efficient AIFs , its chairman Hemant G Contractor said.
Pension plans provide financial security and stability during old age when people do not have a regular source of income.Retirement plan ensures that people live with pride and without compromising on their standard of living during advanced years. Government of India established Pension Fund Regulatory And Development Authority on 10th October, 2003 to develop and
An analysis by ET shows that NPS schemes have generated better returns than the provident fund. The average NPS fund for central government workers has given 10.35% returns since launch, while the average state government scheme has delivered 10.84%. The NPS schemes for the general public have also done very well, thanks to the bullishness