If you are interested in the NPS or the New Pension System - you will have to fill up the UOS-S1 registration form to the POP-SP (Points of Presence/Service Provider) (folks who accept your application) listed at http://www.pfrda.org.in
Some of the POPs include SBI and its associate banks, LIC, OBC, CAMS and Citibank.
In terms of contribution - you are required to make
a minimum per contribution of Rs 500
a minimum contribution of Rs 6000 per year
a minimum of 4 contributions per year
You can invest in 3 asset classes
Asset Class E - which is equity market instruments (stocks, mutual funds)
Asset Class C - investment in fixed income instruments other than govt securities
Asset Class G - which invests in Govt securities
You can choose to invest your pension entirely in C or G asset classes and upto a maximum of 50% in Asset Class E
If you subscribe to NPS, you will have to pay a fee to the central record-keeping agency (CRA), which will maintain all accounts and also to the PFM which manages the account. These charges will be deducted from his savings on a periodic basis. The fees and charges by the CRA and PFMs will be regulated by the PFRDA and is under discussion.
The fund management charge for mutual fund investors is 2.5 per cent of the investible corpus, deducted at the end of the year. There is a fund management fees that will be levied by the NPS are expected to be the same as mutual funds
Some of the POPs include SBI and its associate banks, LIC, OBC, CAMS and Citibank.
In terms of contribution - you are required to make
a minimum per contribution of Rs 500
a minimum contribution of Rs 6000 per year
a minimum of 4 contributions per year
You can invest in 3 asset classes
Asset Class E - which is equity market instruments (stocks, mutual funds)
Asset Class C - investment in fixed income instruments other than govt securities
Asset Class G - which invests in Govt securities
You can choose to invest your pension entirely in C or G asset classes and upto a maximum of 50% in Asset Class E
If you subscribe to NPS, you will have to pay a fee to the central record-keeping agency (CRA), which will maintain all accounts and also to the PFM which manages the account. These charges will be deducted from his savings on a periodic basis. The fees and charges by the CRA and PFMs will be regulated by the PFRDA and is under discussion.
The fund management charge for mutual fund investors is 2.5 per cent of the investible corpus, deducted at the end of the year. There is a fund management fees that will be levied by the NPS are expected to be the same as mutual funds
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