Consistency should be key criterion when choosing NPS fund manager

Asset allocation to NPS should depend on age, risk appetite and asset mix in existing investments

In September 2022, the number of individual subscribers to the All-Citizens model of the National Pension System (NPS) stood at 25.04 lakh, up 36 per cent year-on-year, according to data from the Pension Fund Regulatory and Development Authority (PFRDA). Investors must make prudent choices at the time of joining NPS.

Is NPS for you?

Investors looking for a dedicated retirement product, where their money can't be easily withdrawn, may consider NPS. “It is a cost-effective retirement product that also comes with tax benefits,” says Sumit Shukla, managing director and chief executive officer, Axis Pension Fund Management.

Investors get a tax