Top 5 NPS Mutual Funds: Rs 10,000 SIP in the top fund has given up to Rs 13.44 lakh
Many prominent fund houses run National Pension System (NPS) mutual funds for investors seeking retirement income. They offer two types of mutual funds- Tier 1 and Tier II. Tier-I is more prominent than the other one as it has a lock-in period of 15 years and provides more tax benefits. The Tier-II account, on the other hand, works like any other savings account, where you can withdraw amounts at any time. Investors invest money in NPS mutual funds to get steady returns. However, many of the Tier I funds have given high returns in the last five years. Here, we take you through the performance of Tier I funds and what a Rs 10,000 SIP each in these funds has given in the five-year period.
ICICI Prudential Pension Fund- Scheme E
The top mutual fund in the NPS category has given a 28.08 per cent return in the five-year period.
Started in May 2009, the fund’s net asset value (NAV) under its direct plan is Rs 65.647.
Benchmarked against CNX Nifty 50, the scheme falls under the E asset class.
It accepts a minimum contribution of Rs 6,000 per year.
The fund has 94.49 per cent of its investments in equities.
The main stocks in its 89-stock, 17-sector portfolio are ICICI Bank, Reliance Industries Limited, HDFC Bank, and L&T Ltd. A Rs 10,000 SIP in the fund, or a Rs 600,000 investment in it, has given Rs 13,43,793 in total in the five-year period.
UTI Retirement Solutions – Scheme E – TIER I
The fund from UTI has given a 27.49 per cent return in the five years. The fund in the E asset class has an NAV of Rs 64.17860. Started in May 2009, the fund has its benchmark as CNX Nifty 50. The minimum investment in the Tier I scheme in a year is Rs 6,000. The fund has 98.68 per cent of its investments in equities. The main sectors it has invested in are financial and energy, while the main stocks in its 61-stock, 15-sector portfolio are RIL, ICICI Bank, and HDFC Bank. A Rs 10,000 SIP in the fund for five years has given Rs 1291463 (12.9 lakh) in returns.
Kotak Pension Fund – Scheme E – TIER I
The Kotak fund in the No. 3 position has given 26.74 per cent returns in the five-year period.
Its NAV is Rs 59.97080, while its benchmark is CNX Nifty 50.
The minimum investment in a year for the scheme is Rs 6,000.
The fund’s 96.88 per cent investments are in equities.
The main sectors in which the fund has invested its money are financial and energy, while the main stocks in its 49-stock portfolio are HDFC Bank, RIL, and ICICI Bank.
A Rs 10,000 SIP in the fund has given Rs 12,62,579 (Rs 12.6 lakh) in the five years.
LIC Pension Fund – Scheme E – TIER I
The LIC fund has given a 26.55 per cent return in the five-year period.
Its NAV is worth Rs 40.824, while its benchmark is CNX Nifty 50.
Started in July 2013, the fund has Rs 6,000 a year as the minimum investment.
The fund has 84 stocks in its portfolio and has invested in as many as 17 sectors.
While 97.77 per cent of its investments are equities, its biggest investments are in the financial, technology, and energy sectors.
The main stocks in the fund’s portfolio are RIL, HDFC Bank, ICICI Bank, and Infosys.
A Rs 10,000 SIP in the fund has given Rs 12,55,383 (12.60 lakh) in total.
Birla Sun Life Pension Scheme – Scheme E – TIER I
The fund has given 24.85% returns in the five years.
The E asset class scheme has an NAV of Rs 25.7012.
The fund, which started in May 2017, has 76 stocks of 14 sectors in its portfolio.
While 96.35 per cent of its investments are in equities, the fund has invested most of its money in financial, energy, and consumer staples.
The main stocks in its portfolio are RIL, HDFC Bank, ICICI Bank, and Bharti Airtel.
A Rs 10,000 SIP in the fund has given Rs 11,93,097 (Rs 11.9 lakh).
