The LIC pension fund has cheated its National Pension System (NPS) system in order to disclose a number figure in the government’s security fund (g-sec) category. Effective in this category, it has yielded the highest annual returns over the three-and-a-half horizons of the year, recording 12.04 percent and 9.89 percent respectively, according to data from Value Research. Followed by HDFC Pension, it received 11.49 percent and 8.93 percent respectively. All pension fund managers have beaten their combined and peer fund counterparts in three years, and all but one have doubled this applies in the five-year reimbursement phase.
Change is in the air
The NPS is set to be reimbursed in the coming days, when the Pension Fund Regulatory and Development Authority (PFRDA) decides to approve investments in initial public offerings (IPOs), subsequent public offerings (FPOs) and retail sales (OFS). ). The aim is to increase the range of investment options available to pension fund managers and provide better benefits to subscribers. According to PFRDA chairman Supratim Bandyopadhyay, regulatory guidelines could specify the minimum IPO size to exclude investment in small public benefits. Detailed guidelines are expected to be released soon.
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The Foreign Direct Investment (FDI) limit on pension fund management has been increased from 49 percent to 74%. The pension regulator has invited applications from donors to new pension fund managers, as well as a proposal to increase investment management costs, which are as low as one point at present. The PFRDA has proposed four charging slabs linked to financially managed assets (AUM). The tariff can be increased by 0.09 per cent while the minimum is adjusted by 0.03 per cent. The billing structure does not include stock trading, custodian fees and taxes. In a stock exchange, pension funds can charge a large trading fee of 0.03 percent.
