Ever wonder who’s behind the performance of your investments? The right fund managers are important in deciding how your assets perform. In the long run, this can impact the scale of wealth you build over time. A trusted fund manager like HDFC Pension understands your needs, financial goals, and appetite for helping you invest correctly. Wondering how to select fund manager in NPS? Let’s review the roles, responsibilities, and factors to consider when selecting a NPS pension fund manager.
Who is an NPS fund manager?
An NPS fund manager, like HFDC Pension, invests subscribers’ contributions into various asset classes as opted by subscribers to build long-term retirement wealth. As per NPS regulations, subscribers can choose to invest in stocks, corporate bonds, government securities, and alternate investment funds. The Pension Fund Regulatory and Development Authority regulates the NPS scheme, while the NPS managers invest and manage these funds according to strict guidelines.
What are the duties of a pension fund manager?
As a pension fund manager, a designated company undertakes the following duties.
- Investing: HDFC wisely invests to ensure subscribers gain maximum risk-adjusted benefits and build a secure retirement corpus.
- Guidance: We also guide and answer any queries that arise to empower subscribers to make informed decisions.
- Make Changes: Under the purview of guidelines, PFM can make the necessary changes on the subscriber’s behalf.
- Stay Updated: You can connect with HDFC Pension to understand the performance of your investment and seek assistance in case required.
How to Choose the Best NPS Fund Manager?
Confused about how to select fund manager in NPS? The right fund manager can be crucial in helping you amass the wealth that matches your retirement goal. Before you choose the right fund manager, you must know the basics, such as auto choice and active choice. Active choice is when you choose the allocation ratio amongst asset classes, e.g., investment up to 75% in equity is permissible. Auto choice is a life cycle fund format where the risk is inversely proportional to age. Fund managers such as HDFC pension can facilitate this choice per subscribers’ needs. They also assist with information and answer queries to help subscribers make a well-informed decision.
Frequently Asked Questions
- Can a government employee choose their fund manager?
Yes. Government employees have the flexibility to choose their fund manager. Earlier, this was a default choice; now, employees can analyze it themselves.
- Why select HDFC Pension as the NPS fund manager for maximum returns?
HDFC pension is a well-trusted fund manager approved by PFRDA known for an exceptional performance track record. They operate with a sound risk management framework and flexibility to choose between assets. Trusted by millions, and empowered with technological tools, HDFC Pension is a leading choice for NPS investments.
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