Switch NPS fund manager only if underperformance persists across mkt cycles
Last Update Date: 06-10-2026
Published by Business Standard
Abhishek Kumar's role: Quoted
Abhishek Kumar pointed out that managers can differ in skill across asset classes, so they should not be picked on equity or debt returns alone. He said a switch makes sense only after persistent multi-year underperformance or a mismatch in style, and suggested weighing costs and consistency.
More of Abhishek's views on retirement
The article looks at weak one-year NPS returns across equity, corporate bond and government bond schemes and asks whether investors should switch pension fund managers. It argues against reacting to a single year, suggests judging managers on rolling and longer-period returns, and stresses asset allocation over fund selection.
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Switch NPS fund manager only if underperformance persists across mkt cycles