National Pension System (NPS) equity funds have yielded up to 16% returns in three years. UTI Pension Fund led with 15.80%, followed by Kotak (15.58%) and ICICI Prudential (15.41%). Other top performers include HDFC, ABSL, LIC, and SBI Pension Funds. Source link
The Atal Pension Yojana (APY) was introduced in 2015 to provide a guaranteed pension of up to Rs 5,000 to its subscribers. The scheme offers five fixed pension options: Rs 1,000, Rs 2,000, Rs 3,000, Rs 4,000, and Rs 5,000. Individuals aged between 18 and 40 can enroll in the scheme, ensuring a secure pension … Read more
NPS update: The National Pension Scheme (NPS) Vatsalya, introduced on September 18, is a pension plan designed for parents to initiate for their children. The scheme has gained traction, attracting 66,495 subscribers as of November 17, as confirmed by Minister of State for Finance Pankaj Chaudhary. Among the states, Maharashtra leads with 9,219 accounts, followed … Read more
The Unified Pension Scheme (UPS), introduced by the NDA government as an alternative to the current National Pension System (NPS), has sparked significant speculation concerning its reach and pension fund. Subscribers of the NPS under the government who transition to the UPS or new entrants stand to benefit from its enhanced security in the form … Read more
Unified Pension System: The Narendra Modi-led government has approved a new pension scheme, the Unified Pension Scheme, which will come into effect in the next fiscal year, i.e. FY2025-26. After facing much criticism for removing the Old Pension Scheme, the NDA government has introduced the Unified Pension Scheme, which amalgamates the advantages of the previous … Read more
Pension Fund Regulatory and Development Authority of India (PFRDA) has registered 23 per cent growth in its subscriber base under the flagship NPS and APY schemes to over 4.24 crore by end of March 31, 2021, the regulator said on Thursday. The last year was an extremely challenging year because of COVID-19 restrictions, but still … Read more
NEW DELHI: The Railway Board has asked the Comptroller and Auditor General (CAG) to drop the phrase “window dressing” from its assessment of Indian Railways’ accounts for FY19. The audit, presented in parliament last week, said the net surplus of Rs 3,773.86 crore reported by Indian Railways would have been a negative balance of Rs … Read more
By failing to take advantage of the surfeit of global capital scouring the world for profitable deployment, the government fails the people of India, in desperate need of growth, incomes and jobs. Synopsis There is an IPO fever raging in the US, apart from Covid-19. It shows that there is a mass of capital out … Read more