Who manages the National Pension System?

The National Pension System (NPS) is an initiative of Pension Fund Regulatory and Development Authority (PFRDA), the apex body established by Government of India to regulate and develop the pension sector.

One can regularly invest money in this and get a lump sum at retirement and a fixed monthly income for the lifetime.

It is better option as it is cheapest when compared to current retirement products and it is also easy to transact. There is additional tax saving benefit if both employee and employers contribute

However, at the time of withdrawal, the lump sum would be taxable as per the individual's tax slab . It does not permit flexible withdrawals when compared to mutual funds.

The government has appointed six pension fund managers to manage NPS who will invest the pension fund further to generate return on investment.

Here are 6 fund managers who manages NPS

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