Government securities Scheme (G)
Invests in central and state government bonds. The safest NPS scheme on credit risk; returns move with interest rates. Prioritises capital protection over aggressive growth.
About the government securities scheme
Scheme G invests only in sovereign-backed debt — central and state government bonds, SDLs and treasury instruments. On credit risk it is the safest NPS scheme; returns move mainly with interest rates, prioritising capital protection over growth — why many lean on it near retirement.
What it holds
Central and state government bonds, SDLs and treasury bills — all sovereign-backed, with effectively no credit risk.
Return & risk
The lowest credit risk in NPS. The main variable is interest rates; returns are stable and tend to stay ahead of inflation over long periods.
Where it fits
The safety anchor: investors near retirement tilt towards Scheme G to preserve the corpus from market swings.
Return for the volatility taken
Each dot is a Pension Fund Manager, plotted by return against risk for the chosen period. The dashed lines mark the peer average — the top-left quadrant (more return, less risk) is the sweet spot.
Risk is the annualised standard deviation of returns; higher means larger swings. Return is the annualised (CAGR) figure over the same window, from the NPS master data. Managers without enough history for the chosen period appear in the XIRR table but may not plot here.
What a monthly SIP would have earned
Both the SIP outcome and its XIRR in one view: pick a monthly instalment and a start–end window, and the chart ranks every Pension Fund Manager by the SIP’s XIRR — the money-weighted annual return, closer to a regular investor’s experience than point-to-point CAGR. Each bar is sized to the projected corpus your SIP would grow to, so you can see how the funds compare at a glance; the rupee value sits beside each bar and the highlighted chip on the right reports each fund’s XIRR.
Method: a fixed instalment is invested at the first available NAV each month from the start to the end month; units accumulate and are valued at the end-month NAV. XIRR is the money-weighted annual return of those dated cashflows (independent of the instalment size). Funds whose NAV history starts after the chosen start month are excluded for that window. Monthly NAVs from the NPS master data; past performance does not guarantee future results.