New Delhi, July 23 -- Those of you who regularly invest in the National Pension System (NPS) would be aware that it does not deliver fixed, but market-linked, returns.

But the good thing is that investors can choose any pension fund manager (PFM) which s/he wants to.

As of now, there are ten PFMs registered with the Pension Fund Regulatory and Development Authority (PFRDA) for managing theNPS money. Out of these, three were inducted fairly recently. Therefore, if you want to monitor the returns of past 3 years, you would find the data only for seven of these fund managers.

The NPS corpus is invested across different asset classes i.e., government debt, equity, corporate debt andalternative investment funds.

Here, we examine the return...