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There are 10 pension fund managers of NPS and their return varies from one to another. The maximum return of 39.74 percent was given by Tata-Pension Fund.

The regulations highlighted by PFRDA state that partial withdrawals are allowed only for specific purposes, like higher education or marriage expenses, serious ailments or purchasing a house for the first time.

PFRDAs new circular allows NPS subscribers to evaluate and choose fund managers based on past performance and long-term potential

Auto choice is meant for investors who want to cut down on their allocation to equity with advancing age, while the active choice is ideal for investors who want to take the destiny of their investment in their own hands.

Let's start with Auto Choice. As the name goes, it's a very passive way of investing in NPS for subscribers who do not understand what of an asset they want in their scheme. They can actually for an Auto Choice in which there are three life-cycle funds, there are three phases of life-cycles according to which your portfolio will keep changing. , Personal Finance News, Times Now

The 75 per cent maximum on asset class E, however, is reduced by 2.5 per cent annually and transferred to government securities once a subscriber becomes 51. 

However, for subscribers joining the retirement plan beyond the age of 65 years, the maximum equity exposure will be capped at 15% to invest under the default 'Auto Choice' option.

The Pension Fund Regulatory and Development Authority (PFRDA) has revised the guidelines on entry and exit following an increase in the maximum age for joining the NPS from 65 year to 70 years of age

Updated Jul 25, 2021 | 08:40 IST NPS is low-cost and also provides wide investment choices over other retirement savings products like Employees Provident Fund (EPF) and Public Provident Fund (PPF). National Pension System offers multiple benefits: Heres why NPS can be your main retirement vehicle&nbsp Key Highlights NPS is one of the most popular, tax-friendly schemes that senior citizens can opt for While in PPF and EPF the investor does not get any option to decide abo...