NPS Charges

#INVESTFORGOOD

Retirement Plan

The Investment Management Fee shall be charged in percentage in accordance with the following slab structure of Asset Under Management

Nature of Service
Applicable Charge
Frequency
Mode of deduction
Account Opening
Rs. 400
One time
Deducted from initial contribution
Contribution Processing
0.50% subject to min Rs.30 and Max Rs.25,000
On each contribution
Deducted from contribution amount
Non Financial Transaction Processing
Rs.30
On each request
By collecting upfront along with service request
Persistency (Applicable for Active Retail Customer with more than 6 months tenure with POP)
  1. Rs.50/- per annum for annual contribution Rs.1000 to Rs.2999.
  2. Rs.75/- per annum for annual contribution Rs.3000 to Rs.6000.
  3. Rs.100/- per annum for annual contribution above Rs.6000.
Per Annum
Through cancellation of units on quarterly basis

Nature of Service
Applicable Charge
Frequency
Mode of deduction
PRAN Generation
Rs. 39.36
One time
Through cancellation of units on quarterly basis
Annual Maintenance
Rs. 57.63
One time
Through cancellation of units on quarterly basis
Financial Transaction Processing
Rs. 3.36
One time
Through cancellation of units on quarterly basis

Nature of Service
Applicable Charge
Frequency
Mode of deduction
PRAN Generation
Rs. 40
One time
Through cancellation of units on quarterly basis
Annual Maintenance
Rs. 69
One time
Through cancellation of units on quarterly basis
Financial Transaction Processing
Rs. 3.75
One time
Through cancellation of units on quarterly basis

Nature of Service
Applicable Charge
Frequency
Mode of deduction
PRAN Generation
Rs. 40
One time
Through cancellation of units on quarterly basis
Annual Maintenance
Rs. 65
One time
Through cancellation of units on quarterly basis
Financial Transaction Processing
Rs. 3.5
One time
Through cancellation of units on quarterly basis

Nature of Service
Applicable Charge
Frequency
Mode of deduction
Investment Management
Slabs of AUM* managed by the Pension Fund Maximum Investment Management Fee (IMF)
Up to Rs 10,000 -- 0.09%
Rs 10,001 – Rs 50,000 -- 0.06%
Rs 50,001 – Rs 1,50,000 -- 0.05%
Rs 1,50,000 and above -- 0.03%
*in Rs Cr
Annually
Through adjustment in NAV

Nature of Service
Applicable Charge
Frequency
Mode of deduction
Reimbursement of Expenses
0.003%
Annually
Through adjustment in NAV

Nature of Service
Applicable Charge
Frequency
Mode of deduction
Custodian Fee
0.000000001770%
Annually
Through adjustment in NAV