Top 7 NPS mutual funds with best SIP returns in 5 years: Rs 20,000 monthly SIP in No. 1 fund has grown to Rs 22 lakh
Top 7 NPS SIP mutual funds in 5 Years: NPS subscribers can contribute from the age of 18 to 75. At 60 years of age, they get the option to withdraw up to 60 per cent of their retirement corpus. They need to purchase annuity from the rest of the 40 per cent money to get a monthly pension. If they want, they can defer or delay their withdrawal. NPS has Tier I and Tier II accounts. Contributions to a Tier I account provide tax benefits of up to Rs 2 lakh in a financial year to old tax regime taxpayers.
Top 7 NPS mutual funds with highest SIP return in 5 years: National Pension System (NPS) is a retirement scheme where employees of private and public sector companies and the self-employed can contribute in a financial year or monthly to build a retirement corpus. They can contribute from the age of 18 to 75. At 60 years of age, they get the option to withdraw up to 60 per cent of their retirement corpus. They need to purchase annuity from the rest of the 40 per cent money to get a monthly pension. If they want, they can defer or delay their withdrawal. NPS has Tier I and Tier II accounts. Contributions to a Tier I account provide tax benefits of up to Rs 2 lakh in a financial year to old tax regime taxpayers. An NPS accountholder can opt for up to 75 per cent equity exposure, where they can choose the mutual fund scheme. Every financial year, they get the option to change it if the fund is not performing up to their expectations or for other reasons. In this write-up, we are giving you a list of the top 7 NPS mutual funds in terms of annaulised SIP returns in 5 years. We will also tell you about their estimated returns on a Rs 20,000 monthly SIP investment (Note: we are taking Tier I Equity Plans-
Photos: Unsplash/Pixabay
UTI Retirement Solutions
The fund at top has given 24.71 per cent annualised SIP returns in 5 years. It has assets under management (AUM) of Rs 2,612 crore; its net asset value (NAV) is Rs 72.69. The fund has 98.89 per cent of its investments in equity.
UTI Retirement Solutions
Following Nifty 50 as its benchmark index, the fund has ICICI Bank, Reliance Industries Limited (RIL), HDFC Bank, Infosys, and SBI as its main holdings. A Rs 20,000 monthly SIP in the fund in 5 years, or a total of Rs 6 lakh investment, has turned into Rs 21,96,840 in 5 years.
ICICI Prudential Pension Funds
The fund has given 24.22 per cent annualised SIP returns in 5 years. It has an asset base of Rs 16,231 crore, while its NAV price is Rs 72.90. The fund has 97.75 per cent of its investments in equity.
ICICI Prudential Pension Funds
Following Nifty 50 as its benchmark index, the fund has ICICI Bank, HDFC Bank, RIL, INfosys, and Bharti Airtel as its main holdings. A Rs 20,000 monthly SIP in the fund has grown to Rs 21,71,400 in 5 years.
Kotak Pension Fund
The fund has had a 23.50 per cent annualised SIP return in 5 years. Its AUM is Rs 2,531 crore, while its NAV is Rs 66.82. The fund's 96.72 per cent investments are in equity.
Kotak Pension Fund
With Nifty 50 as its benchmark index, the fund has HDFC Bank, RIL, ICICI Bank, Infosys, and Bharti Airtel as its main holdings. A Rs 20,000 monthly SIP in the fund has turned into Rs 21,35,420 in 5 years.
LIC Pension Fund
The fund from LIC has given 22.93 per cent annualised SIP returns in 5 years. It has an asset base of Rs 6,058 crore, while its NAV is Rs 44.89. The fund has 98.60 per cent of its investments in equity.
LIC Pension Fund
RIL, HDFC Bank, ICICI Bank, Infosys, and Larsen & Toubro are the main holdings of the fund following Nifty 50 as its benchmark index, A Rs 20,000 monthly SIP in the fund has converted into Rs 21,05,860 in 5 years.
HDFC Pension Fund
The fund has given 22.78 per cent annualised SIP returns in the 5-year time frame. It has AUM of Rs 45,381 crore, while its NAV is Rs 53.31. The fund's 98.64 per cent investments are in equity.
HDFC Pension Fund
A Rs 20,000 monthly SIP in the fund has turned into Rs 20,98,500 in 5 years. Benchmarked against Nifty 50, the fund has HDFC Bank, ICICI Bank, RIL, Infosys, and Bharti Airtel as its main holdings.
ABSL Pension Fund
The pension fund from ABSL has had 22.36 per cent annualised SIP returns in the 5-year period. It has an asset base of Rs 820 crore, while its NAV is Rs 28.65. The fund has 96.76 per cent of its investments in equity.
ABSL Pension Fund
Following Nifty 50 as its benchmark index, the fund has HDFC Bank, ICICI Bank, RIL, Infosys, and Larsen &Toubro as its main holdings. A Rs 20,000 monthly SIP in the fund has grown to Rs 20,77,320 in 5 years.
SBI Pension Fund
The fund has given 21.76 per cent annualised SIP returns in 5 years. It has an asset base of Rs 19,465 crore, while its NAV is Rs 57.75. The fund has 98.31 per cent of its investments in equity.
SBI Pension Fund
The fund that follows Nifty 50 as its benchmark index has RIL, HDFC Bank, ICICI Bank, Infosys, and Larsen & Toubro as its main holdings. A Rs 20,000 monthly SIP in the fund has grown to Rs 20,47,680 in 5 years.