Subscribers of National Pension System earn returns of 14.19% in 2012-13

Subscribers of National Pension System (NPS) regulated by Pension Fund Regulatory and Development Authority (PFRDA) earned returns of as much as 14.19 per cent during 2012-13.

As per the official statement, the pension scheme for other than government employee with investment focus on corporate debt generated return of 14.19 per cent while investment in government debt earned 13.52 per cent.

Besides, Swavlamban scheme generated a return of 13.40 per cent.

Pension scheme for Central Government earned a return of 12.39 per cent while the scheme for State Government generated 13 per cent, it said.

The NPS, which was introduced by the Central Government in January 2004 for its new entrants and subsequently extended to the private sector in May 2009, has accumulated a corpus of Rs 33,000 crore contributed by 50 lakhs subscribers, it said.

It is not only the cheapest retirement product but also as the highest returns generating scheme, PFRDA added.

Read more about: nps
Story first published: Thursday, May 16, 2013, 9:30 [IST]
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