Top 10 NPS Mutual Funds With Best SIP Returns in 1 Year: Know how Rs 10,000 monthly investment in each fund has performed in a year
Top 10 NPS SIP Mutual Funds in 1 Year: Starting from 18 years of age, they can invest up to 75 years of age. At 60 years of age, they get the option to withdraw up to 60 per cent of the lump sum amount. They need to purchase annuity from the rest of the 40 per cent amount, which provides them monthly pension.
Top 10 NPS SIP Mutual Funds in 1 Year: National Pension System (NPS) is a retirement scheme which helps its subscriber build a retirement corpus. In the market-linked scheme, NPS subscribers can choose equity exposure. They can choose the equity mutual fund scheme and fixed interest rate assets for investment. Starting from 18 years of age, they can invest up to 75 years of age. At 60 years of age, they get the option to withdraw up to 60 per cent of the lump sum amount. They need to purchase annuity from the rest of the 40 per cent amount, which provides them monthly pension. We take you through the top 10 NPS Tier I equity mutual funds that have given the highest return in 1 year and what Rs 10,000 monthly investment (SIP) in each of them has given-
Photos: Unsplash/Pixabay
UTI Retirement Solutions - Scheme E - TIER I
The fund at the No. 1 position has given 49.21 per cent annualised SIP returns in 1 year.
Its net asset value (NAV) is 76.5020. The fund has 97.90 per cent of its investments in equity.
A Rs 10,000 monthly SIP in the fund in 1 year, or a total investment of Rs 1,20,000, has grown to Rs 149,030.
Tata Pension Management Private Limited - Scheme E - TIER I
The fund at No. 2 has given 43.44 per cent annualised SIP return in the 1-year time frame.
Its NAV is 16.5732. It has 97.30 per cent of its investments in equity.
A Rs 10,000 monthly SIP in the fund has turned into Rs 145,800 in the 1-year period.
AXIS Pension fund Management Limited - Scheme E - TIER I
The fund at the No. 3 position has given 42.66 per cent annualised SIP return in the 1-year period.
The fund's NAV is Rs 16.5732. It has 97.30 per cent of its investments in equity.
A Rs 10,000 monthly SIP in the fund has grown to Rs 145,360 in the 1-year time frame.
HDFC Pension Fund - Scheme E - TIER I
The fund has given 41.91 per cent annualised SIP return in 1 year.
Its unit price is Rs 56.0538. The fund's 98.14 per cent investments are in equity.
A Rs 10,000 monthly SIP in the fund has jumped to Rs 144,930 in the 1-year period.
Kotak Pension Fund - Scheme E - TIER I
The fund at the No. 5 spot has given 41.66 per cent annualised SIP return in the 1-year time frame.
Its NAV is Rs 69.9211. The fund has 94.08 per cent of its investments in equity.
A Rs 10,000 monthly SIP in the fund has swelled to Rs 144,850 in 1 year.
Max Life Pension Fund Management Limited - Scheme E - TIER I
The fund at the No. 6 position has given 41.56 per cent annualised SIP return in the 1-year period.
The fund's unit price is Rs 15.2453. It has 97.34 per cent of its investments in equity.
A Rs 10,000 monthly SIP in the fund has grown to Rs 144,740 in the 1-year time frame.
Aditya Birla Sun Life Pension Scheme - Scheme E - TIER I
The fund at No. 7 has given 41.49 per cent annualised SIP return in 1 year.
It has NAV of Rs 30.0863. The fund's 96.58 per cent investments are in equity.
A Rs 10,000 monthly SIP in the fund has turned into Rs 144,690 in the 1-year period.
ICICI Prudential Pension Fund - Scheme E - TIER I
The fund at No. 8 has given 41.10 per cent annualised SIP return in the 1-year time frame.
Its unit price of Rs 76.0145. The fund has 96.88 per cent of its investments in equity.
A Rs 10,000 monthly SIP in the fund has converted into Rs 144,480 in 1 year.
LIC Pension Fund - Scheme E - TIER I
The fund at No. 9 has given 38.58 per cent annualised SIP return in the 1-year time frame.
Its NAV is Rs 47.0073. It has 98.72 per cent of its investments in equity.
A Rs 10,000 monthly SIP in the fund has turned into Rs 143,040 in the 1-year period.
SBI Pension Fund - Scheme E - TIER I
The fund at the No. 10 position has given 35.57 per cent annualised SIP return in 1 year.
It has NAV of Rs 60.0007. The fund has 99.10 per cent of its investments in equity.
A Rs 10,000 monthly SIP in the fund has jumped to Rs 141,320 in the 1-year time frame.