Guaranteed NPS return scheme approved soon, minimum guaranteed return scheme may be launched within next 4 months

In a special conversation with Zee Business, PFRDA Chairman Supratim Bandopadhyay said, investors will get full return from the Minimum Guaranteed Return Scheme. 10 Fund Managers have been selected for this scheme. Minimum Guaranteed Return Scheme is with the board approval.

NPS: Minimum Guaranteed National Pension System (NPS) Return Scheme can be approved soon. The Pension Fund Regulatory and Development Authority (PFRDA) board is likely to get approval in 7 to 10 days. Minimum Guaranteed Return Scheme may be launched within the next 4 months. In a special conversation with Zee Business, PFRDA Chairman Supratim Bandopadhyay said, investors will get full return from the Minimum Guaranteed Return Scheme. 10 Fund Managers have been selected for this scheme. Minimum Guaranteed Return Scheme is with the board approval.He said, social media is the support for information about NPS. 17% of NPS's AUM will go to equity. In the Minimum Guaranteed Return Scheme, only people below 50 years will be able to participate in the scheme. The amount of minimum contribution is possible at Rs 5000 annually.Guaranteed return up to 4 to 5% NPS has given an average return of 10% over a period of 13 years. In the new scheme, there can be half of it i.e. 4 to 5 percent guaranteed return. Subscribers will be able to get up to 5 percent return if the earnings are low. The additional return will also go to the subscriber's account only. The amount of minimum contribution is possible at Rs 5000 annually. Also the returns on National Pension Scheme (NPS) are market linked which is not guaranteed.Management fees for guaranteed returns will be higher Along with this, there will also be a condition that the fund management charge of the guaranteed return scheme will be higher. Currently, the fund management charge on Normal NPC is 0.09%, but it can be 0.25% on Guaranteed Return Scheme. Apart from this, there will also be a condition that once those who come in the scheme will have to remain in it for 10 years.Read this too - Good news! After free ration, now the government will give free DTH to the people, know who will get the benefit