Best performing NPS schemes
National Pension System (NPS) is a government-sponsored pension scheme that was launched in January 2004 for government employees and in the year 2009, it was made available to all citizens. NPS offers a gamut of funds and asset classes for its subscribers. They can choose the schemes depending upon their risk appetite. NPS gives an option to invest in equities, government securities, and corporate debt as well as in alternative investment funds (AIF). In this article, we will take a look at the best-performing pension fund manager under tier I and tier II plan.
Tier I
|
Scheme Name
|
Equity (%)
|
Government Bonds (%)
|
Corporate Debt (%)
|
Alternative Investments (%)
|
|
1Year
|
3Year
|
1Year
|
3Year
|
1Year
|
3Year
|
1Year
|
3Year
|
|
HDFC Pension Fund
|
3.97
|
5.17
|
13.39
|
10.11
|
12.89
|
9.30
|
7.36
|
8.97
|
|
SBI Pension Fund
|
1.26
|
4.08
|
12.74
|
9.89
|
12.26
|
9.05
|
14.88
|
10.81
|
|
Birla Sun Life Pension Scheme
|
5.19
|
5.47
|
12.61
|
9.57
|
12.93
|
9.63
|
4.30
|
6.25
|
|
LIC Pension Fund
|
-0.03
|
2.44
|
12.79
|
10.89
|
12.39
|
8.79
|
6.78
|
8.14
|
|
Kotak Pension Fund
|
3.65
|
4.36
|
12.56
|
9.72
|
10.98
|
7.85
|
8.52
|
8.49
|
Tier II
|
Scheme Name
|
Equity (%)
|
Government Bond (%)
|
Corporate Debt (%)
|
|
1 Year
|
3 Year
|
1 Year
|
3 Year
|
1 Year
|
3 Year
|
|
HDFC Pension Fund
|
3.93
|
5.15
|
12.86
|
9.89
|
12.91
|
9.30
|
|
Birla Sun Life Pension Scheme
|
5.24
|
5.32
|
12.14
|
9.19
|
12.27
|
9.02
|
|
SBI Pension Fund
|
1.22
|
4.09
|
12.59
|
9.68
|
12.20
|
8.78
|
|
ICICI Prudential Pension Fund
|
1.99
|
4.33
|
12.32
|
9.68
|
11.35
|
8.75
|
|
UTI Retirement Solutions
|
0.70
|
4.02
|
12.39
|
9.48
|
12.85
|
8.72
|
As we can see, on the performance front, HDFC Pension Fund seems to be the best in tier 1 as well as in tier 2 NPS plans. This is followed by SBI Pension Fund and Birla Sun Life Pension Scheme. In equity, Birla Sun Life Pension Scheme did the best, whereas, in government bonds and corporate debt, HDFC Pension Fund did better.