News From Press SBI, LIC pension funds bid lowest for fund management under NPS

SBI, LIC pension funds bid lowest for fund management under NPS

Source: Mint Dec 2, 2016

SBI Pension Funds Pvt. Ltd and LIC Pension Fund Ltd made the lowest bids at 0.07% (or 7 basis points) for fund management charge out of the nine companies that had bid for pension fund management under the private sector National Pension System (NPS) . One basis point is one hundredth of a percentage point.

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