The National Pension Scheme (NPS) is going great guns. At the beginning of October 2014, the scheme had 7.44 million subscribers. Not to be left behind, the Assets under Management (AUM) of National Pension Scheme has risen to Rs. 63,511 crore. With the increasing AUM, the fund managers of the scheme have also changed their approach to equity exposure. Over the last 6 months, the equity exposure has been close to 14% (the maximum permitted exposure is 15%), up from 8% in March 2014.
The sudden shift
One could think as to why the fund managers of National Pension Scheme India are now betting aggressively on equities, while they were playing safe till 6 months back. The media attributes it to the lack of clarity around Mar’ 14. The elections were approaching and the fund managers were unsure of how the stock market will react to the election results. With a new stable Government in place and the Sensex too responding positively, the fund managers of National Pension Scheme decided that the time was ripe to increase the equity exposure.
Returns are pouring
This calendar year, the National Pension Scheme has even beaten the benchmark Nifty in terms of returns. With the regulator, PFRDA, seeking tax sops for NPS, its attraction is only set to increase over the years ahead.
Are you in?
There is a common misconception that National Pension Scheme is only for the Government employees. However, the fact is that from May 1, 2009, this pension scheme was thrown open to all citizens of India, between the age of 18 and 60. In case, you wish to invest in NPS, all it takes is to approach an approved Point of Presence (POP) service provider. The PFRDA has authorized many banks, financial organisations and the Department of Posts to act as POP for National Pension Scheme.
Start your retirement planning at the earliest and what better than National Pension Scheme India to start with.
The sudden shift
One could think as to why the fund managers of National Pension Scheme India are now betting aggressively on equities, while they were playing safe till 6 months back. The media attributes it to the lack of clarity around Mar’ 14. The elections were approaching and the fund managers were unsure of how the stock market will react to the election results. With a new stable Government in place and the Sensex too responding positively, the fund managers of National Pension Scheme decided that the time was ripe to increase the equity exposure.
Returns are pouring
This calendar year, the National Pension Scheme has even beaten the benchmark Nifty in terms of returns. With the regulator, PFRDA, seeking tax sops for NPS, its attraction is only set to increase over the years ahead.
Are you in?
There is a common misconception that National Pension Scheme is only for the Government employees. However, the fact is that from May 1, 2009, this pension scheme was thrown open to all citizens of India, between the age of 18 and 60. In case, you wish to invest in NPS, all it takes is to approach an approved Point of Presence (POP) service provider. The PFRDA has authorized many banks, financial organisations and the Department of Posts to act as POP for National Pension Scheme.
Start your retirement planning at the earliest and what better than National Pension Scheme India to start with.
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