The market downturn in October-November 2024 has reduced NPS equity scheme returns to 26.6%, down from nearly 40% in September. Despite a significant drop in benchmark indices, overall NPS assets grew to ₹13.55 lakh crore. Private sector NPS assets showed strong growth, outpacing the government sector. The rising popularity of NPS as a retirement savings tool is evident from a 21.5% increase in private sector subscribers.