InvestorQ : Which fund managers operate the Tier-II accounts of the National Pension Scheme?
Ishita Jain made post

Which fund managers operate the Tier-II accounts of the National Pension Scheme?

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1 year ago
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The National Pension Scheme is a voluntary and long-term investment plan for Indian citizens who want to create their retirement corpus.
As the name suggests, the Tier-II NPS account is an advanced NPS account, with Tier-I being the basic account. NPS Tier-II, unlike Tier-I account, is a non-retirement NPS account. The government allows private and public sector employees as well as self-employed individuals to invest in it.
Subscribers of NPS Tier-II accounts have the freedom to select any fund manager within the NPS. Currently there are eight fund managers in the NPS. These are:
1. UTI Pension Fund
2. SBI Pension Fund
3. LIC Pension Fund
4. HDFC Pension Fund
5. Kotak Pension Fund
6. ICICI Pension Fund
7. Reliance Pension Fund
8. Aditya Birla Sun Life Pension Fund
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