The choice of pension fund managers has also broadened. Now, there are 10 pension fund managers to choose from. NPS investors are also allowed to switch their pension fund once in a year. From this year onwards, the PFRDA has allowed investors to spread their investments across three different pension fund managers. ET Wealth identifies the best performing NPS funds to help investors decide which pension fund manager they should go with.
The NPS-TTS provides tax benefit to the central government subscribers for investment up to Rs 1.5 lakh under section 80C but is unpopular due to a heavy fixed-income component.