Although retirement planning involves a variety of investment alternatives.
Top 5 National Pension Scheme Funds: Retirement planning enables you to reduce your reliance on your family and alleviates their financial burden. Although retirement planning involves a variety of investment alternatives, for added security, it is prudent to contemplate the National Pension System (NPS). By participating in this voluntary government pension scheme, you can potentially attain market-linked returns that surpass those of alternative investment choices.
Additionally, it provides a retirement income supplement through consistent disbursements throughout the dormant phase of your life. Additionally, you have the option to select the pension funds in which your NPS contributions are invested. For this purpose, it is critical to examine the recent returns generated by these pension funds and to comprehend the portfolio that these funds maintain.
In order to assist you, we have compiled a list of the five national pension scheme funds with the highest three-year returns.
The LIC Pension Fund Scheme E-Tier II has provided the maximum three-year returns among the top five national pension scheme funds and is managed through the NPS Tier II account. The pension fund in question has generated a three-year return of 22.40%. At present, its NAV stands at Rs 28.49, indicating a valuation growth of 14.70 percent over the past year. Nevertheless, its five-year growth rate is a mere 14.40 percent, which fails to match the significance of the remaining metrics.
The ICICI Prudential Pension Fund Scheme E-Tier II is operational through the NPS Tier II account and has achieved a noteworthy return of 22.30 percent over the past three years. At the moment, the one-year returns amount to 17.40 percent. At this time, the NAV is Rs 42.75. A return of 15.30 percent has been documented over a five-year period, surpassing the return of the LIC Pension Fund Scheme.
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The LIC Pension Fund Scheme E-Tier I functions through the obligatory NPS Tier I account and has delivered a comparable three-year return of 22.30% as the ICICI Prudential Pension Fund Scheme. The fund has generated a one-year return of 15.40 percent. The five-year returns are documented as 14.40 percent, which is consistent with the returns of the Tier II fund.
Investing in the ICICI Prudential Pension Fund Scheme E-Tier I is restricted to the NPS Tier I account, which is mandatory. The fund has generated a noteworthy three-year return of 22.10%. Its one-year average value (NAV) has increased by 16.70 percent to Rs 53.72. Additionally, the five-year returns are recorded at 15.10 percent.
The E-Tier I Kotak Pension Fund Scheme operates through investments made through the required NPS Tier I account. It offers a significant three-year return of 21.80%. Presently, its NAV is Rs 49.84, exhibiting a one-year return of 16.40 percent and a five-year return of 15.20 percent.
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