BIG COMPANIES ARE USING NPS TO PROMOTE OTHER MUTUAL FUNDS
Lots of NPS Subscribers are worried about their future because they won’t be getting Pension at the time of their Retirement. It is well known fact that implementation of New Pension System (NPS) has not gone down well with its subscribers specially in Government Sector. New Pension System doesn’t give minimum return guarantee to its subscribers that’s is why NPS subscriber are demanding to scrap New Pension System.
PFRDA has given rights to certain investors to invest the Hard Earned Money of NPS Subscribers in share market. Indian Share Markets are very volatile that is why NPS subscribers feel very unsafe about their future. But Companies which have been given responsibilities to invest NPS Funds in the market, are promoting their Mutual Funds instead of NPS. This shows that investors have very little interest in New Pension System Funds. More over Companies are giving less commission to their Agents for promoting NPS in comparison to Mutual Funds. Mutual Funds fetch more commission for Agents, That’s why Agents are using NPS to promote the Mutual Funds of Investors. We are publishing News Report of Daily News paper for you to read:-