National Pension System (NPS) subscribers can select from various pension fund managers and investment options based on their preferences. Ten pension funds are operating in the country. Among them are seven private pension managers, namely Axis Pension Fund, Aditya Birla Sun Life Pension, HDFC Pension, ICICI Prudential Pension, Kotak Mahindra Pension, Max Life Pension, and Tata Pension Management. Additionally, there are three government-owned pension managers: LIC Pension, UTI Pension, and SBI Pension Management.
As of January 31, 2024, the top five holdings of LIC Pension Fund Scheme E collectively account for 33.5 percent of the portfolio. Notable among these holdings are Infosys, Reliance Industries, and HDFC Bank. The fund's Assets Under Management (AUM) amounted to ₹4,827.84 crore. Commencing operations on July 23, 2013, LIC Pension Fund has yielded returns of 13.61% since its inception. Additionally, the fund has delivered a 10-year return of 13.81%.
At 12:01 PM, HDFC Bank traded at Rs. 1425.50 per share on the BSE. In February 2014, HDFC Bank shares were trading at Rs. 333.75. Over ten years, the stock has yielded an impressive return of 327%.
1425.50-333.75=1091.75
1091.75 divided by 333.75 X100= 327%
At 12:05 PM, Reliance Industries was trading at ₹2,971.35 per share on the BSE. In February 2014, RIL was trading at ₹370.89. For ten years, the stock has delivered an impressive return of 701%.
At 12:07 PM, ICICI Bank traded at ₹1,066 per share on the BSE. In February 2014, the stock was priced at approximately ₹189.76. Over ten years, the stock has generated a substantial return of 461%.
At 12:10 PM, Infy was trading at ₹1,679.55 per share on the BSE. In February 2014, the stock was priced at approximately ₹468.96. Over ten years, the stock has delivered a significant return of 258%.
At 12:15 PM, L&T was trading at ₹3,365 per share on the BSE. In February 2014, the stock was priced at approximately ₹662. For ten years, the stock has achieved an outstanding return of 408%.
NPS subscribers must decide between active choice and auto choice for their investment preferences.
Disclaimer: The views and recommendations made above are those of individual analysts, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.
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