Which scheme is best in NPS Tier 1?
Fund Managers generating the best NPS Tier-I Equity Funds returns on various terms
| Term | Best Returns | Pension Fund Manager |
|---|---|---|
| 1-year | 58.07\% | UTI Retirement Solutions – Scheme E – TIER I |
| 3-year | 14.26\% | HDFC Pension Fund – Scheme E – TIER I |
| 5-year | 14.03\% | UTI Retirement Solutions – Scheme E – TIER I |
What is scheme A in NPS Tier 1?
HDFC Pension Fund – Scheme A – TIER I is an NPS scheme that invests predominantly in Alternative Bonds. This scheme is meant for TIER I investors. Under NPS, investors get 2 accounts namely Tier I account and Tier II account. Tier I account is mandatory for investors to join NPS whereas Tier II account is optional.
What is Tier 1 National Pension Scheme (NPS)?
Tier 1 National Pension Scheme ( NPS) Account is the most basic form of pension account which is offered by the Government of India. The government-led scheme is aimed to fulfill the pension needs of both public and private sector employees.
Who manages the second tier Pension Scheme?
The contribution is managed by SSNIT. The Second Tier is a defined contributory Occupational Pension Scheme mandatory for workers with 5\% contribution made on behalf of members. The contribution is managed privately by approved Trustees.
What is tiertier 1 retirement plan?
Tier 1 is a comprehensive retirement product, with a distinct accumulation (wealth building) and distribution phase (annuity phase). It is subject to restrictions, for withdrawals on maturity also. The contributions are eligible for tax deductions, and the annuity received in taxable according to your IT slab rate.
What is the maximum limit on my NPS Tier 1 contribution?
There is no maximum limit on your NPS Tier 1 contribution. The minimum initial contribution to the NPS Tier 1 Account is Rs 500. You can contribute online to NPS Tier 1 at enps.nsdl.com