NPS returns for government and private employees


The New Pension Scheme for private citizens, who were allowed to join since May 2009, gave better returns than the one for government employees, which started from 2004 onwards. For most fund managers, it was the corporate bond and government securities that gave more returns than equities. On an average, the returns for private accounts were around 11% for 2010-11, which is less than one percentage point less than what NPS offered to private citizens in 2009-10.

While Kotak Mahindra Pension Fund gave the highest return in equities, SBI Pension Funds gave the highest returns in corporate bonds. UTI Pension Fund gave the highest returns in government securities. For central government employees, the NPS has a return ranging between 8.05% to 8.45%, which is less than the 9.5% given by Employees Provident Fund Organisation. Interestingly, the returns for state government employees were more than for the central government, which were between..

9.88-11.34%. For private citizens, up to 50% of their corpus can be invested in equities and the rest in government securities and corporate bonds. For government citizens, only up to 15% of the total corpus is allowed to be invested in equities..

source:The Financial Express


All India Consumer Price Index Numbers for Industrial Workers on base 2001=100 for the Month of April, 2011


All India Consumer Price Index Numbers for Industrial Workers on base 2001=100 for the Month of April, 2011
            All India Consumer Price Index Number for Industrial Workers (CPI-IW) on base 2001=100 for the month of April, 2011 increased by 1 point and stood at 186 (one hundred & eighty six) .
            During April, 2011, the index recorded increase of 6 points in Chhindwara centre, 5 points in Jharia centre, 4 points each in Nagpur, Kodarma, Ajmer,  Giridih, Angul Talcher and Belgaum centres, 3 points in 8 centres, 2 points in 13 centres and 1 point in 21 centres. The index decreased by 4 points in Tiruchirapally centre, 3 points in Darjeeling centre, 2 points each in Salem and Hubli Dharwar  centres, 1 point in 6 centres, while in the remaining 18 centres the index remained stationary.
            The maximum increase of 6 points  in  Chhindwara centre is mainly on account of increase in the prices of Goat Meat, Country Liquor, Refined Liquor, Firewood, Doctors’ Fee, etc. The increase of 5 points in Jharia centre is due to increase in the prices of Rice, Milk, Vegetable & Fruit items, Soft Coke, Clothing items, etc. The increase of 4 points each in Nagpur, Kodarma, Ajmer,  Giridih, Angul Talcher and Belgaum centres is due to increase in the prices of Rice, Jowar, Milk, Chillies Dry, Vegetable & Fruit items, Firewood, Ornament Glass, etc. The decrease of 4 points in Tiruchirapally centre is the outcome of decrease in the prices of Rice, Onion, Vegetable & Fruit items, Flower/Flower Garlands, etc. The decrease of 3 points in Darjeeling centre is due to decrease in the prices of Wheat Atta, Mustard Oil, Turmeric Powder, Onion, Vegetable & Fruit items, etc.
            The indices in respect of the six major centres are as follows :

1. Ahmedabad   180
 2. Bangalore     190
3. Chennai        164
4. Delhi             172
5. Kolkata        180
6. Mumbai       184

            The All-India (General) point to point rate of inflation for the month of April, 2011 is 9.41% as compared to 8.82% in March, 2010. Inflation based on Food Index is 8.24% in April, 2011 as compared to 8.29% in March, 2011.

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