Best performing pension fund managers
National Pension System (NPS) is not new to people filing tax returns. This is because NPS investors are eligible for a tax deduction of Rs 50,000 under Section 80CCD, which is in addition to Rs 1.5 lakh that is available under section 80C of the Income Tax Act. Therefore, this is the only thing that most people know about NPS and perhaps, the only reason for them to consider investing in NPS.
Hence, NPS is much more than just a tax-saving instrument. Most likely, it helps you accumulate for your retirement and with restrictions on withdrawals (only applicable for Tier I account), it helps you to remain invested for a longer period of time. Therefore, we would urge people to look at it from a retirement planning perspective and not just from a tax-saving perspective.
In this article, we would be listing the best-performing pension fund managers. By default, SBI Pension Fund is allotted to the NPS investors. This means that, while investing, if you don’t specify the pension fund manager, you wish to opt for, you will be allocated SBI Pension Fund by default. Now, let us look at the best-performing pension fund managers.
|
Pension Fund Manager
|
AUM (Rs Crore)
|
TIER I
|
|
6-Month
|
1-Year
|
3-Year
|
5-Year
|
|
Equity Plans
|
|
|
|
|
|
|
HDFC Pension Fund
|
7,066
|
22.28
|
53.20
|
11.15
|
13.97
|
|
LIC Pension Fund
|
1,530
|
22.73
|
56.74
|
8.72
|
11.61
|
|
Birla Sun Life Pension Scheme
|
126
|
19.14
|
50.08
|
9.78
|
-
|
|
Government Bond Plans
|
|
|
|
|
|
|
HDFC Pension Fund
|
5,276
|
1.16
|
7.43
|
11.57
|
9.67
|
|
LIC Pension Fund
|
1,453
|
1.41
|
7.21
|
12.16
|
10.63
|
|
Birla Sun Life Pension Scheme
|
86
|
1.00
|
6.99
|
11.06
|
-
|
|
Corporate Debt Plans
|
|
|
|
|
|
|
HDFC Pension Fund
|
3,271
|
3.10
|
11.25
|
10.71
|
9.59
|
|
LIC Pension Fund
|
832
|
2.53
|
11.49
|
10.48
|
9.21
|
|
Birla Sun Life Pension Scheme
|
55
|
2.52
|
10.51
|
10.59
|
-
|
|
Pension Fund Manager
|
AUM (Rs Crore)
|
TIER II
|
|
6-Month
|
1-Year
|
3-Year
|
5-Year
|
|
Equity Plans
|
|
|
|
|
|
|
HDFC Pension Fund
|
310
|
22.19
|
53.06
|
11.07
|
14.05
|
|
LIC Pension Fund
|
59
|
23.20
|
57.39
|
8.76
|
11.60
|
|
Birla Sun Life Pension Scheme
|
13
|
19.35
|
50.01
|
9.80
|
-
|
|
Government Bond Plans
|
|
|
|
|
|
|
HDFC Pension Fund
|
262
|
1.16
|
6.91
|
11.12
|
9.44
|
|
LIC Pension Fund
|
115
|
1.35
|
6.62
|
12.67
|
10.77
|
|
Birla Sun Life Pension Scheme
|
11
|
1.07
|
6.98
|
10.97
|
-
|
|
Corporate Debt Plans
|
|
|
|
|
|
|
HDFC Pension Fund
|
162
|
2.73
|
10.33
|
10.48
|
9.56
|
|
LIC Pension Fund
|
38
|
6.09
|
13.54
|
10.98
|
9.60
|
|
Birla Sun Life Pension Scheme
|
7
|
2.52
|
10.09
|
10.14
|
-
|