Message Received from SBI for NPS Subscribers.
We would like to bring to your kind attention that in terms of the Pension Fund Regulatory and Development Authority circular no. PFRDA/CIR/1/PFM dated 31.08.2012 (http://pfrda.org.in), ) investment management fee in respect of NPS Tier I and Tier II (E, C and G) Schemes managed by the Company will be charged @ 0.25% p.a. (inclusive of brokerage but excluding custodian charges and applicable taxes) with effect from 18.03.2013. The fees shall remain valid till further notice.
So Now NPS will have more Management charges…might be good for MF industry.