NPS Funds

Pension Fund Regulatory and Development Authority (PFRDA) chairman S Ramann on Tuesday said the regulator would create an NPS fund-of-funds platform to channelise pension money to select alternative investment funds (AIFs). PFRDA has classified all alternate investment instruments into equity and debt after Sebi categorised Real Estate Investment Trusts (REITs) as equity. "Over the last few years, we have worked to classify alternate assets more clearly, strengthen governance structures, and build a centralised and transparent NPS (National Pension System) fund of funds platform that can select AIFs with rigour and credibility," Ramann said at IVCA DII & Exits 2025. This gives every pension fund, large or small, the confidence to deploy capital without compromising on prudence, he added. "India's next phase of capital formation must be built on strong domestic pools of patient capital. Pension assets, by design, are long-term and stable, and our effort at PFRDA is to create a ...

The deadline for Central Government employees to switch from the NPS to the assured-payout UPS has closed, leaving those who failed to opt-in automatically enrolled in the market-linked NPS by default

Regulator brings sharper checks and shared decision-making to joining scheme

Govt staff can now take up to 75% equity under NPS, UPS, aligning their investment options with private-sector subscribers

Finance Ministry extends UPS enrolment till November 30, giving central government staff and retirees more time to weigh pension choices

Unified Pension Scheme mirrors National Pension System's tax benefits; employees have time till Sept 30 to make switch

: PFRDA updates CRA fees for NPS, UPS, APY and NPS-Vatsalya from October 1; Check how PRAN opening and annual maintenance charges will impact your pension savings.

The Finance Ministry said central staff who joined service between April 1 and August 31, 2025 can now opt for UPS instead of NPS, with flexibility to return later if they wish

A frozen NPS account blocks contributions and tax perks, but reactivation is simple, here's the step-by-step process to get it back on track

Finance Minister Nirmala Sitharaman said the features of Unified Pension Scheme have been designed to ensure payment of assured payouts while also maintaining the fiscal sustainability of the fund

Portal simplifies navigation and improves search function for locating circulars and schemes

The Pension Fund Regulatory and Development Authority permits subscribers to make partial withdrawals from their saved pension money in the National Pension System for specific purposes

In a circular dated October 27, PFRDA proposed to provide the option of phased withdrawal of the lump sum through Systematic Lump Sum Withdrawal (SLW) facility

The NPS was introduced in April 2004 to replace the erstwhile old pension scheme, which was seen as a major burden on state finances

PFRDA had launched the online partial withdrawal facility in January 2021 to help subscribers cope with the Covid-19 pandemic

Asset allocation to NPS should depend on age, risk appetite and asset mix in existing investments

The Pension Fund Regulatory and Development Authority (PFRDA) is in talks with the Insurance Regulatory and Development Authority of India (IRDAI) to let NPS subscribers port their annuity plans

The total number of subscribers for National Pension Scheme (NPS) and Atal Pension Yojana (APY) stood at 5.33 crore as of June 4, PFRDA chairperson Supratim Bandyopadhyay said. As of June 4, 2022, the Asset Under Management (AUM) under NPS and APY was at Rs 7,39,393 crore. The number of subscribers in the category of central government employees of NPS was 22.98 lakh and AUM at Rs 21,876 crore. Total subscribers in state government employee category of NPS was 56.46 lakh and AUM at Rs 3,69,837 crore in the period. The subscriber base in corporate and pension categories was 14.79 lakh and 23.61 lakh, respectively. "Of late, (subscribers in) corporate and private segments are increasing at a much larger pace than in the government sector," Bandyopadhyay said. The Atal Pension Yojana subscriber base increased to 3.739 crore as of June 4.

The NPS has offered higher returns so far than other schemes

Investment advisors are not comfortable with the idea of a retirement product like NPS investing in IPOs