NPS Charges

#INVESTFORGOOD

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
One Time Onboarding charge
Rs. *200/- per new account (equivalent of Rs. 50/- on quarterly basis will be deducted through cancellation of units by CRA/s and payable to PoP in the month subsequent to the quarter in which on-boarding is completed)
Quarterly
Through cancellation of units
Annual Charges for the employees/ members under Legal Entities
0.20% p.a. of the AUM to be adjusted through NAV and payable to PoP on quarterly basis, in accounts other than Dormant accounts. This shall be applicable to all existing NPS accounts as well
Quarterly
Through cancellation of units
  1. GST or other taxes as applicable, shall be additional.
  2. Dormant Account will not be charged. Dormant account is defined as such account where subsequent to a contribution in a quarter, there is no contribution for four consecutive quarters as identified at the end of each quarter.
  3. *Where subscriber onboarding is undertaken through a fully digital and non-face-to-face mode, between the Point of Presence (PoP) and the subscriber, a reduced one-time onboarding charge of Rs. 100/- may be applicable, as may be determined by the Authority at the time of registration of PoP and thereafter.

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 -Non-Government Sector Subscribers (NGS)
Slabs of AUM (*in Rs Cr)
Up to 25,000 - 0.12%
Above 25,000 to 50,000 - 0.08%
Above 50,000 to 1,50,000 - 0.06%
Above 1,50,000 - 0.04%
Annually
Through adjustment in NAV
Investment Management -Government Sector Subscribers (GS)
Slabs of AUM* (*in Rs Cr)
Up to 10,000 - 0.09%
Above 10,000 to 50,000 - 0.06%
Above 50,000 to 1,50,000 - 0.05%
Above 1,50,000 - 0.03%
Annually
Through adjustment in NAV
Investment Management -Multi scheme Framework
The total charges are capped at 0.30 percent of Assets Under Management (AUM)
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