Money Mantra: Why NPS lags behind its true potential

The national pension scheme (NPS) by the Pension Fund Regulatory and Development Authority, initially considered an effective pension planning tool if not a game changer among pension products, has so far not been able to attract a good number of investors despite its several positive features as low cost. Especially after the changes made to it recently, the scheme rather cautions of involving a major risk element. Experts, Ashwin Parekh, Ernst and Young's national leader for financial services, Yogesh Agarwal, chairperson of PFRDA, and Harsh Roongta, CEO of Apnapaisa, discuss the future of the NPS and why has it not been able to deliver.