 "Supratim Bandyopadhyay")
Subscribers to the much-awaited Minimum Assured Return Scheme (MARS) under the new pension system (NPS) will have to stay invested for 10 years to claim the guaranteed return.
"Also, a scheme would run for 10 years only. This means that 10 years shall be minimum, as well as maximum, tenor of investments under the scheme," Supratim Bandyopadhyay, chairman, Pension Fund Regulatory and Development Authority (PFRDA), told Business Standard.
Only those investors who remain invested for 10 years will get a guaranteed return and if the actual return falls below the assured amount, pension fund managers shall bridge the gap.
This
