SBI PENSION FUND SCHEME - CENTRAL GOVT - 26.8093 as on 20-11-2018 || SBI PENSION FUND SCHEME - STATE GOVT - 23.021 as on 20-11-2018 || SBI PENSION FUND SCHEME E - TIER I - 23.7971 as on 20-11-2018 || SBI PENSION FUND SCHEME C - TIER I - 25.2899 as on 20-11-2018 || SBI PENSION FUND SCHEME G - TIER I - 23.3271 as on 20-11-2018 || SBI PENSION FUND SCHEME E - TIER II - 21.9395 as on 20-11-2018 || SBI PENSION FUND SCHEME C - TIER II - 23.1354 as on 20-11-2018 || SBI PENSION FUND SCHEME G - TIER II - 22.273 as on 20-11-2018 || NPS TRUST A/C-SBI PENSION FUNDS PRIVATE LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 21.7608 as on 20-11-2018 || SBI PENSION FUNDS PVT. LTD. SCHEME - CORPORATE-CG - 17.0981 as on 20-11-2018 || NPS TRUST - A/C SBI PENSION FUND SCHEME - ATAL PENSION YOJANA (APY) - 12.9596 as on 20-11-2018 || SBI PENSION FUND SCHEME A - TIER I - 11.5086 as on 20-11-2018 || SBI PENSION FUND SCHEME A - TIER II - 20 as on 20-11-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME- CENTRAL GOVT - 26 as on 20-11-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME- STATE GOVT - 23.1398 as on 20-11-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME E - TIER I - 27.787 as on 20-11-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME C - TIER I - 22.714 as on 20-11-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME G - TIER I - 20.9807 as on 20-11-2018 || UTI RETIREMENT SOLUTIONS SCHEME E - TIER II - 22.6292 as on 20-11-2018 || UTI RETIREMENT SOLUTIONS SCHEME C - TIER II - 21.7888 as on 20-11-2018 || UTI RETIREMENT SOLUTIONS SCHEME G - TIER II - 21.5287 as on 20-11-2018 || NPS TRUST A/C-UTI RETIREMENT SOLUTIONS LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 21.6171 as on 20-11-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME - CORPORATE-CG - 10 as on 20-11-2018 || NPS TRUST - A/C UTI RETIREMENT SOLUTIONS LTD. SCHEME - ATAL PENSION YOJANA (APY) - 13.2692 as on 20-11-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME A - TIER I - 11.5074 as on 20-11-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME A - TIER II - 10 as on 20-11-2018 || LIC PENSION FUND SCHEME - CENTRAL GOVT - 26.0979 as on 20-11-2018 || LIC PENSION FUND SCHEME - STATE GOVT - 23.2867 as on 20-11-2018 || NPS TRUST A/C-LIC PENSION FUND LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 21.5683 as on 20-11-2018 || LIC PENSION FUND LIMITED SCHEME - CORPORATE-CG - 17.122 as on 20-11-2018 || LIC PENSION FUND SCHEME E - TIER I - 18.1375 as on 20-11-2018 || LIC PENSION FUND SCHEME C - TIER I - 16.2606 as on 20-11-2018 || LIC PENSION FUND SCHEME G - TIER I - 17.0067 as on 20-11-2018 || LIC PENSION FUND SCHEME E - TIER II - 15.1959 as on 20-11-2018 || LIC PENSION FUND SCHEME C - TIER II - 15.1928 as on 20-11-2018 || LIC PENSION FUND SCHEME G - TIER II - 17.1293 as on 20-11-2018 || NPS TRUST - A/C LIC PENSION FUND SCHEME - ATAL PENSION YOJANA (APY) - 13.1872 as on 20-11-2018 || LIC PENSION FUND SCHEME A - TIER I - 11.4072 as on 20-11-2018 || LIC PENSION FUND SCHEME A - TIER II - 10 as on 20-11-2018 || KOTAK PENSION FUND SCHEME E - TIER I - 25.2329 as on 20-11-2018 || KOTAK PENSION FUND SCHEME C - TIER I - 24.8965 as on 20-11-2018 || KOTAK PENSION FUND SCHEME G - TIER I - 21.4492 as on 20-11-2018 || KOTAK PENSION FUND SCHEME E - TIER II - 22.3531 as on 20-11-2018 || KOTAK PENSION FUND SCHEME C - TIER II - 21.4599 as on 20-11-2018 || KOTAK PENSION FUND SCHEME G - TIER II - 20.124 as on 20-11-2018 || NPS TRUST A/C-KOTAK MAHINDRA PENSION FUND LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 18.8501 as on 20-11-2018 || KOTAK PENSION FUND SCHEME A - TIER I - 11.0627 as on 20-11-2018 || KOTAK PENSION FUND SCHEME A - TIER II - 10 as on 20-11-2018 || RELIANCE PENSION FUND SCHEME E - TIER I - 25.4397 as on 20-11-2018 || RELIANCE PENSION FUND SCHEME C - TIER I - 22.6758 as on 20-11-2018 || RELIANCE PENSION FUND SCHEME G - TIER I - 20.9698 as on 20-11-2018 || RELIANCE PENSION FUND SCHEME E - TIER II - 21.8212 as on 20-11-2018 || RELIANCE PENSION FUND SCHEME C - TIER II - 21.1399 as on 20-11-2018 || RELIANCE PENSION FUND SCHEME G - TIER II - 20.3325 as on 20-11-2018 || NPS TRUST A/C-RELIANCE CAPITAL PENSION FUND LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 10 as on 20-11-2018 || RELIANCE PENSION FUND SCHEME A - TIER I - 11.4105 as on 20-11-2018 || RELIANCE PENSION FUND SCHEME A - TIER II - 10 as on 20-11-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME E - TIER I - 27.4148 as on 20-11-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME C - TIER I - 25.307 as on 20-11-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME G - TIER I - 21.6681 as on 20-11-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME E - TIER II - 21.6148 as on 20-11-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME C - TIER II - 23.5429 as on 20-11-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME G - TIER II - 20.7811 as on 20-11-2018 || NPS TRUST A/C-ICICI PRUDENTIAL PENSION FUNDS MANAGEMENT COMPANY LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 10 as on 20-11-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME A - TIER I - 11.2425 as on 20-11-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME A - TIER II - 10 as on 20-11-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME E - TIER I - 20.4902 as on 20-11-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME C - TIER I - 16.343 as on 20-11-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME G - TIER I - 16.0142 as on 20-11-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME E - TIER II - 17.7095 as on 20-11-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME C - TIER II - 15.4576 as on 20-11-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME G - TIER II - 16.3696 as on 20-11-2018 || NPS TRUST A/C-HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME - NPS LITE SCHEME - GOVT. PATTERN - 10 as on 20-11-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME A - TIER I - 11.4707 as on 20-11-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME A - TIER II - 10 as on 20-11-2018 || BIRLA SUN LIFE PENSION SCHEME E - TIER I - 11.4555 as on 20-11-2018 || BIRLA SUN LIFE PENSION SCHEME C - TIER I - 11.1084 as on 20-11-2018 || BIRLA SUN LIFE PENSION SCHEME G - TIER I - 10.7639 as on 20-11-2018 || BIRLA SUN LIFE PENSION SCHEME A - TIER I - 11.088 as on 20-11-2018 || BIRLA SUN LIFE PENSION SCHEME E - TIER II - 11.4073 as on 20-11-2018 || BIRLA SUN LIFE PENSION SCHEME C - TIER II - 10.8333 as on 20-11-2018 || BIRLA SUN LIFE PENSION SCHEME G - TIER II - 10.3743 as on 20-11-2018 || BIRLA SUN LIFE PENSION SCHEME A - TIER II - 10 as on 20-11-2018 ||

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Features & Benefits of NPS

The benefits of NPS are

  1. It is voluntary - A Subscriber can contribute at any point of time in a Financial Year and also change the amount he wants to set aside and save every year.
  2. It is simple - Subscriber is required to open an account with any one of the POPs (Point of Presence) or through eNPS (https://enps.nsdl.com/eNPS/).
  3. It is flexible - Subscribers can choose their own investment options and pension fund and see their money grow.
  4. It is portable - Subscribers can operate their account from anywhere, even if they change the city and/or employment.
  5. It is regulated - NPS is regulated by PFRDA, with transparent investment norms and regular monitoring and performance review of fund managers by NPS Trust.

Pension Funds are responsible for investing contributions, accumulating them and managing pension corpus through various schemes under National Pension System in accordance with the provisions of the PFRDA Act.

NPS offers you two approaches to invest in your account:

  1. Active choice
  2. Auto choice

In Active choice, Subscriber selects the allocation percentage in assets classes,however, in Auto choice, funds are automatically allocated amongst asset classes in a pre-defined matrix, based on the age of the subscriber. After selection of pension fund manager, Subscriber also has to exercise the choice of investment.

Active choice:
Unlike traditional investment products, NPS offers you with the flexibility to design your own portfolio. Depending on your risk appetite, you can design your portfolio by allocating Funds amongst available four asset classes. This is called Active Choice. Following are the four asset classes are available under Active choice:

  1. Equity or E
  2. Corporate Debt or C
  3. Government Securities or G
  4. Alternative Investment Funds or AIF

Auto Choice:
At times designing your portfolio can be a little delicate and time consuming. NPS gives you the flexibility to opt for a dynamic and automatic allocation of your portfolio in case you do not want to exercise an Active choice. This option is called the Auto choice.

In Auto choice, your money will be invested in asset classes - E, C and G - in defined proportions based on your age. As individual’s age increases, exposure to Equity and Corporate Debt is gradually reduced and that in Government Securities is increased. Depending upon the risk appetite of subscriber, there are three different options available within Auto Choice-Aggressive, Moderate and Conservative.

  1. Aggressive (LC-75) – Maximum Equity exposure is 75% up to the age of 35
  2. Moderate (LC-50) - Maximum Equity exposure is 50% up to the age of 35
  3. Conservative (LC - 25) – Maximum Equity exposure is 25% up to the age of 35

Following are the assets classes are available for investment for investment under NPS:

  1. Equity or E- A 'high return-high risk' fund that invests predominantly in equity market instruments
  2. Corporate Debt or C - A 'medium return-medium risk' fund that invests predominantly in fixed income bearing instruments
  3. Government Securities or G - A 'low return-low risk' fund that invests purely in Government Securities
  4. Alternative Investment Funds or A –In this asset class, investments are being made in instruments like CMBS, MBS, REITS, AIFs, Invlts etc.

If you are a conservative investor, you can choose to invest your entire pension wealth in C or G asset class. However, if you want to have exposure to equity, you can allocate maximum 50% of your money to asset class 'E' or up to 5% in Alternative Investment Funds.

Scheme preference change is the option given to the Non-Government subscriber to design / redesign their own portfolio. It comprises change of Pension Fund Manager (PFMs), switching between Active choice and Auto choice and in case of Active choice to decide percentage of allocation in different asset classes.

A subscriber of Non-Government sector can change their Scheme Preference through their associated POP-SP. It can also be done online through their log-in credentials of CRA.

In NPS, there are multiple PFMs, Investment Options (Auto or Active) and four Asset Classes – Equity, Debt, Government Securities and Alternate Investment Funds. Subscriber has been given the flexibility to choose any one out of available Pension Fund Managers (PFMs) and investment options separately for Tier I and Tier II account.

Selection of Pension Fund Manager is mandatory while filling up the registration form. All the PFMs under NPS are registered and regulated by PFRDA. They are mandated to invest Subscriber's contribution as per prescribed guidelines and regulations by PFRDA.

You can find the performance of respective PFMs on NPS Trust website at http://www.npstrust.org.in/return-of-nps-scheme. Returns of different schemes under NPS may help you while selecting the PFM. In NPS, you are allowed to change PFM once in a financial year.

NPS provides you two types of accounts: Tier I and Tier II. Tier I is mandatory retirement account, whereas Tier II is a voluntary saving Account associated with your PRAN. Tier II offers greater flexibility in terms of withdrawal, unlike Tier I account, you can withdraw from your Tier II account at any point of time.

Below are few significant benefits of Tier II NPS Account:

  1. No additional annual maintenance Charge
  2. Saving for your day to day need (withdrawal at any point of time)
  3. Transfer fund to pension account ( Tier I) any time
  4. No minimum balance required
  5. No levy of exit load
  6. Separate Nomination facility available
  7. Option to select different Investment pattern from Tier I

Subscriber who has an active Tier I account can activate a Tier II account

  1. It is open for any resident Indian, NRI can’t activate Tier II account.
  2. It can also be opened along with Tier I account.
  3. All Government Subscribers who are mandatorily covered under NPS and have active Tier I account, can activate Tier II account.

The contribution remitted in Subscriber's account is passed on to the PFMs as selected by the Subscriber at the time of registration (or changed subsequently). The PFMs invest the money and declare Net Asset Value (NAV) at the end of each business day. Accordingly, based on the NAV, units are credited in the Subscriber's account. The present value of the investment is arrived at by multiplying the units held with the NAV.

The return under NPS is market driven. Hence, there is no guaranteed/defined amount of return. The returns generated through investments are accumulated for the pension corpus and is not distributed by way of dividend or bonus.

Net Asset Value is also known as NAV. This is the price of one unit of a fund. NAV is calculated at the end of every working day. It is calculated by adding up the value of all the securities and cash in the fund's portfolio (its assets), subtracting the fund's liabilities, and dividing that number by the number of units that the fund has issued.

The NAV increases (or decreases) when the value of the fund's holdings increase (or decrease). NAV of schemes of different PFMs may differ. Even the different schemes under the same PFM will have different NAV.

No, there is no need to re-open NPS account when you change your Job or location. Portability is one of the key features of NPS, it can be operated from anywhere in the country irrespective of individual employment and location/geography.This implies that you can shift your PRAN from one sector to another, e.g. Central Government to Corporate sector, State Government to Central Government etc. and vice versa.Further, if you are relocated because of any reason, you can also change POP-SP within the same POP or you can change to POP of your choice available to the location.

You can find the list of POP/POP-SP of your location from the "Important Links" available on this website.