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12 September 2019

All District NPS List And Paripatra Date 30/08/2019

All District NPS List And Paripatra Date 30/08/2019.National Pension System Trust (NPST) was established by PFRDA as per the provisions of the Indian Trusts Act of 1882 for taking care of the assets and funds under the NPS in the best interest of the subscribers. The powers, functions and duties of NPS Trust are laid down under the PFRDA (National Pension System Trust) Regulations 2015, besides the provisions of the Trust deed dated 27.02.2008.

Franklin India Feeder Franklin US Opportunities Fund is a 7-year-old fund which got launched in February 2012. It is a great international fund which has given attractive returns of 4.72%, 18.03% and 13.79% over the last 1 year, 3 year and 5 year periods respectively. However, it has not succeeded in outperforming its benchmark over 3 and 5 Years Tenure.The scheme operates as a fund-of-fund and has invested 99.86% of its assets in the Franklin US Opportunities Fund and the remaining 0.14% in cash and debt instruments (as on September 04, 2019).The scheme’s underlying mutual fund, the Franklin US Opportunities Fund, invests a majority of its assets in equity securities of US companies which demonstrate growth at higher levels than the overall US economy.

NPS Trust is the registered owner of all assets under the NPS architecture which is held for the benefit of the subscribers under NPS. The securities are purchased by Pension Funds on behalf of, and in the name of the Trustees, however individual NPS subscriber remain beneficial owner of the securities, assets and funds. NPS Trust, under the NPS Trust regulations, is responsible for monitoring the operational and functional activities of NPS intermediaries’ viz. custodian, Pension Funds, Trustee Bank, Central Recordkeeping Agency, Point of Presence, Aggregators and that of IRDAI registered Annuity Service Providers (empanelled with PFRDA) and also for providing directions/advisory to PF(s) for protecting the interest of subscribers, ensuring compliance through audit by Independent Auditors, and Performance review of Pension Funds etc.

National Pension System (NPS) is a pension cum investment scheme launched by Government of India to provide old age security to Citizens of India. It brings an attractive long term saving avenue to effectively plan your retirement through safe and regulated market-based return. The Scheme is regulated by Pension Fund Regulatory and Development Authority (PFRDA).National Pension System Trust (NPST) established by PFRDA is the registered owner of all assets under NPS.

3. Why should I open NPS Account?
Opening NPS account has its own advantages as compared to other pension product available. Below are few features which make NPS different from others:
  1. Low cost product
  2. Tax breaks for Individuals, Employees and Employers
  3. Attractive market linked returns
  4. Easily portable
  5. Professionally managed by experienced Pension Funds
  6. Regulated by PFRDA, a regulator set up through an act of Parliament
How NPS works?
Upon successful enrolment, a Permanent Retirement Account Number (PRAN) is allotted to the subscriber under NPS. Once the PRAN is generated, an email alert as well as a SMS alert is sent to the registered email ID and mobile number of the subscriber by NSDL-CRA (Central Record Keeping Agency).Subscriber contributes periodically and regularly towards NPS during the working life to create the corpus for retirement. On retirement or exit from the scheme, the Corpus is made available to the Subscriber with the mandate that some portion of the Corpus must be invested in to Annuity to provide a monthly pension post retirement or exit from the scheme.

For Download Click Below Link:
All District List ll Paripatra

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