National Pension Scheme: A Veracity of India

Authors

  • Deepak Sood Chitkara University, Punjab, India. Author

DOI:

https://doi.org/10.61841/wwx96264

Keywords:

NPS, Mutual Funds,, Debt Funds, Sharpe Ratio,, Risk, Return

Abstract

The impact of national pension funds has been increased day by day in order to promote the social security or pension saving (private) in the economy. Pension funds also helps in improving the growth of the country for the long run.The Main objective of the pension fund is to attain the higher amount of returns and reduce the risk. As pension funds are considered to be a important part of the capital market in various countries hence these capitals market also help in generating the higher returns where as these returns are varying from the country to country. Many country’s has been in there life expectancies but they also reduce the fertility rates. This paper emphasis on the comparison of NPS is with Mutual funds, debt funds and equity funds with the help of Sharpe ratio and conceptualize the facts with findings that there is an impact of risk and return with relationship at different point or stages of occurrence.

 

Downloads

Download data is not yet available.

References

[1] Anna, M. Zajicek; Toni, M. Calasanti; & Edward, K. Zajicek.(2007). Pension reforms and old people in Poland: An age, class, and gender lens, Journal of Aging Studies, 21(1), 55-68,

[2] Barrientos, Armando. (2006), Poverty reduction: The Missing piece of Pension Reform in Latin America,

Social policy Administration, 40(6),369-384.

[3] Barros, Pestana. Carlos; & Garcia, TM. Maria. (2006). Performance evaluation of pension fund companies with data envelopment Analysis, Risk management and insurance review, 9(2), 165-188.

[4] Blundell, Richard; Meghir, Costas; & Smith, Sarah. (2002). Pension Incentives and The pattern of Early retirement, The Economic Journal, 112(478),153-170.

[5] Butterworth, V. (1989) After the fall –investment in uncertain times, Bottom Line Managing Libr Financ,

2(3), 40-42.

[6] CRISTIAN, MM. (2012). Demographic dynamics and sustainability of public pension expenditures within European Union-15 member states, Annals-Economy Series. I(4,) 171-174

[7] Foster, L. (2017). Young People and Attitudes towards Pension Planning. Social Policy and Society, 16(1), 65-80. doi:10.1017/S1474746415000627

[8] Georgeta, Dragomir; Luminita, Iacob; Ecaterina, Necsulescu; Georgeta, Modiga; & Carmen, Marina. Dragomir. (2010). "Economic and Financial Studies on the Public Pension System in Romania at Local and Global Level, Acta Universitatis Danubius. O Economica, Danubius University of Galati, 3(3), 47-65.

[9] Gusni, Silviana, & Faisal, Hamdani. (2018), Factors Affecting Equity Mutual Fund Performance: Evidence from Indonesia Investment Management and Financial Innovations, 15(1), 1-9.

[10] Haukenes, Inger & Gjesdal, Sturla & Rortveit, Guri & Riise, Trond & Maeland, John. (2012). Womens higher likelihood of disability pension: The role of health, family and work. A 5-7 years follow-up of the Hordaland Health Study. BMC public health. 12. 720. 10.1186/1471-2458-12-720.

[11] Hennessy, A. (2011) 'The Role of Agenda Setting in Pension Market Integration', Journal of European Integration 33(5): 577–97.

[12] Inderst, G. (2014). Pension Fund Investment in Infrastructure: Lessons from Australia and Canada. Rotman International Journal of Pension Management, 7(1), 2014.

[13] Indro, D.C., Jiang, C.X., Hu, M.Y., & Lee, W.Y. (1999). Mutual fund performance: Does fund size matter?

Financial Analysts Journal, 55(3), 74–87.

[14] John, C. Adams; Takeshi, Nishikawa; & Ramesh, P. Rao. (2018). Mutual fund performance, management teams, and boards, Journal of Banking & Finance, 92, 358-368.

[15] Jose, A. Herce. (2003). Modelling the pension system, Futures, 35(1), 75-87.

[16] Kumar, Anand; & Anand, Navneet. (2009). Poverty Target Programs for the Elderly in India with Special Reference to National Old Age Pension Scheme, Chronic Poverty Research Centre Working Paper No. 2008-09.

[17] Lachman, J. (2013). Pension: It's Impact on the World Economy, International Journal of Business and Commerce, 3(2), 14-25.

[18] Lakshminarayanan, Subitha. (2011). Role of government in public health: Current scenario in India and future scope, Journal of family & community medicine, 18, 26-30. 10.4103/1319-1683.78635.

[19] Lang, Larry R., & Robert, M. Niendorf. (1993). Performance and Risk Exposure of International Mutual Funds, Financial Services Review, 2, 97-110.

[20] Lee, W.K.M., & Law, K.W.K. (2004). Retirement Planning and Retirement Satisfaction: The Need for a National Retirement Program and Policy in Hong Kong. Journal of Applied Gerontology, 23(3), 212–233.

[21] Lin, Y., & Tan, J. (2018). Problems of Old-Age Pension Reform in China’s Colleges and Universities.

Creative Education, 09, 2843-2855.

[22] Masinde, Victoria; & John, Olukuru. (2014). Impacts of Pension Reforms on the Kenyan Pension Industry,

European Scientific Journal, 63-78.

[23] Mees, Bernard. (2018). Employee representation and pension fund governance in Australia, Economic and Industrial Democracy, 0143831X1775226. 10.1177/0143831X17752265.

[24] Mees, Bernard. (2020). Risk shifting and the decline of defined benefit pension schemes in Australia,

Accounting History Review, 30, 1-19.

[25] O,Osu. B; and A, Egbe. G. (2016). Optimization of Pension Asset Portfolio in Nigeria with Contributors’ Specified Return Rate. Open Journal of Optimization, 5, 103-119.

[26] Ogawa, N. (2011). Population Aging and Immigration in Japan. Asian and Pacific Migration Journal,

20(2), 133–167.

[27] Ojiya, Emmanuel. Ameh; Ajie H; & Isiwu, George. Duhu. (2017). Impact of Contributory Pension Scheme on Economic Growth in Nigeria: An Empirical Analysis, International Journal of Research in Humanities and Social Studies, 4(6), 24-35.

[28] Park, Donghyun. (2009). Ageing Asia’s Looming Pension Crisis, ADB Economics Working Paper Series 165, Asian Development Bank.

[29] Prather, Larry. (2012). Portfolio Risk Management Implications of Mutual Fund Investment Objective Classifications. Journal of Financial Risk Management. 01. 33-37.

[30] Rachmavati, Rina. (2020). Funds Manager and Mutual Funds Characteristics on Mutual Funds Performance: Empirical Evidence of Equity Mutual Funds in Indonesia, International Journal of Financial Research, 11(2), 77-87.

[31] Ren, Xuanyi; & Meng, Qingjun. (2015). China’s Gains from UK’s Practice in Raising Pension Insurance Fund. Open Journal of Social Sciences. 03. 40-46.

[32] Ring, P. (2003). Risk and UK pension reforms, Social Policy and Adminsitration, 37(1),65-81.

[33] Sanyal, Ayanendu. & Singh, Charan. (2013). Universal pension scheme in India, IIM Banglore Research paper,SSRN.

[34] Seshamohan, VV; & Narayana, MS. (2008). Feedback of Policyholders towards SBI Life Insurance, Marketing Mastermind, Hyderabad, VIII(4), 43 – 45.

[35] Sharpe, W. F. (1966). Mutual Fund Performance. The Journal of Business, 39(1), 119-138.

[36] Stinglhamber, P. & Zachary, M.-D & Wuyts, Gunther & Valenduc, Ch. (2007). The determinants of savings in the third pension pillar. Economic Review. 97-113

[37] The World Bank. (2009). Pensions in Crisis: Europe and Central Asia Regional Policy Note. Washington, D.C.: Human Development Sector Unit, The World Bank.

[38] Therese Jefferson (2009) Women and Retirement Pensions: A Research Review, Feminist Economics,

15:4, 115-145,

[39] Top 10 Best Mutual Funds to invest in India in 2015 By Suresh KP myinvestmentideas.com/2014/12/top- 10-best-sip-mutualfunds-to-invest-in-2015/

[40] TSADO, E. & Umar, G,(2011). Analysis of Investment Decision by Nigerian Pension Fund Administrators (PFAs), International Business and Management 3 (2), 133-140

[41] Wahyudi, S; Hersugondo, H; Laksana, RD; & Rudy, R.(2017). Macroeconomic Fundamental and Stock Price Index in Southeast Asia Countries : A Comparative Study, International Journal of Economics and Financial Issues, 7 (2), 182.

[42] Walker, Alan & Lowenstein, Ariela. (2009). European perspectives on quality of life in old age. European

Journal of Ageing. 6. 61-66.

[43] Wei, Y. (2018) Research on Pathways of Non-Profit Organizations Involvement in Social Pension Service in China. Open Access Library Journal, 5, 1-11.

[44] Zhang, Xiaoyang. (2015). Study on the Pension Rights of Families That Have Lost Their Only Child.

Beijing Law Review. 06. 16-22.

[45] Zhang, Y., & Goza, F.W. (2005). Who Will Care for the Elderly in China? A Review of the Problems Caused by China‟s One Child Policy and their Potential Solutions. Working Paper Series, 05-07. Bowling Green State University: Center for Family and Demographic Research.

[46] Zikhai, WANG. (2011). Security for China,s Migrant Soacial worker, International labour review, 150 (1- 2), 177-187.

Downloads

Published

30.06.2020

How to Cite

Sood, D. (2020). National Pension Scheme: A Veracity of India. International Journal of Psychosocial Rehabilitation, 24(4), 6703-6732. https://doi.org/10.61841/wwx96264