Don't change your pension fund manager unless investment lags others

Currently, variability in performance for investor portfolios over five-year horizon is low

September 19 was the day when the PFRDA (Pension Fund Regulatory and Development Authority) Act was passed. On this occasion, let us review the performance of the various pension fund managers (PFMs) in the National Pension System (NPS), and also examine how various developments (including regulatory changes) within this retirement product could affect you, the investor, and how you should respond to them.

Past performance

How an investor fares in NPS depends on two factors. One is the asset mix she chooses and the second is the fund manager.

While choosing the asset mix, she can go for the active