NPS Smart Retirement Fund
Tata Pension Fund NPS Smart Retirement Fund is a unique retirement-focused investment scheme launched under PFRDA's Multiple Scheme Framework (MSF). The scheme is designed for all individuals including professionals, entrepreneurs, and self-employed, seeking disciplined retirement planning.
1
Why Choose Tata Pension Fund - NPS Smart Retirement Fund?
- Trusted Tata brand with a strong governance framework.
- Smart asset allocation for wealth creation & retirement security.
- Transparent charges & regulatory compliance.
- Designed to help you build a financially independent retirement.
- Sponsored by Tata Mutual Fund with more than 30 years of experience in investment management.
2
Who Can Invest?
All Indian citizens, including resident individuals, NRIs, OCIs, salaried employees, professionals, consultants, entrepreneurs, media professionals, and self-employed individuals, etc.
3
Scheme Highlights
- Investment Objective: To provide long-term capital appreciation along with consistent income aligned to retirement goals through dynamic asset allocation.
- Tier I Account: Retirement-focused account.
- Vesting Period: Minimum vesting period of 15 years, with the option to exit at age 60 or at the time of retirement.
- Risk Profile: Very High (equity-led growth strategy).
- Switching Options: Allowed to switch to common NPS schemes after the vesting period.
- Exit Provisions: Exit, withdrawal, and annuitization provisions will continue to be governed by the PFRDA (Exits and Withdrawals) Regulations, as amended from time to time.
4
Charges & Fees
- Fund Management Charges: Up to 0.30% of AUM p.a. (inclusive of distribution & awareness).
- Custodian Charges: 0.000000001770% p.a.
- NPS Trust Charges: 0.003% p.a.
- CRA Account Maintenance: ₹100–₹500 p.a., depending on the corpus.
- PRAN Opening: ₹18 (e-PRAN) / ₹40 (physical).
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Asset Allocation
| Instruments | Indicative allocations (% of Scheme AUM) | |
|---|---|---|
| Minimum | Maximum | |
| Asset Class E – Equity | 70% | 100% |
| Asset Class G - Government Debt | 0% | 30% |
| Asset Class C - Corporate Debt | 0% | 30% |
| Short Term debt instruments & related investments | 0% | 10% |
The investment in above mentioned Asset Classes will be as per the Investment Guidelines issued by PFRDA for non-Government sector as per the (PFRDA /Master Circular/2025/03/PF-02 dated 28th March, 2025) as amended from time to time, including asset allocation limits, issuer exposure norms, and credit safeguards.
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Risk & Monitoring
- Risk-o-Meter: Very High.
- Regular Reviews: Quarterly & annual reviews by NPS Trust & PFRDA.
- Audit & Risk Framework: Mis-selling checks and robust risk controls will be in place.
For more details about the Multi Scheme Framework - Tata Pension Fund NPS Smart Retirement Fund, kindly download the document using the link below
