NPS returns hit by slowdown
Despite the rebound in stocks, NPS funds have churned out losses in the past year. Most NPS investors , including the 27 lakh central and state government employees, who are compulsorily a part of the NPS, invest in the scheme every month and their returns should be calculated accordingly. The NPS funds for government employees have, on an average , lost 1.77% in the past year. Most of the losses are due to the steep 12-15 % fall in government bond prices in the past three months.
Read the Times of India news report here.