Narayana526
TF Buzz
See, NPS started for Govt employees and extended the product outsiders.NPS cannot beat Index MF returns at any given point of time. All the AMCs under NPS invest heavily in Large Caps with focus on not losing money as the first priority. Even if I consider NPS to give 14% long term, Equity Index funds would have at least a 2% delta over it.
So Govt always want to play safe and keep the invest universe limited for equity and with less AMC charges.
Please check my post for recent changes in NPS EQ securities universe.