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The Pension Fund Regulatory and Development Authority revises the Investment Management Fee for private sector National Pension System schemes to 0.01 percent per year of assets under management. Pension funds under the private sector National Pension System apply this revised fee starting from 1st August 2014. This change supersedes the earlier circular from 31st August 2012.
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[Image omitted. See the official document.]
PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY
CIRCULAR
PFRDA/CIR/PFM/4
Date : 01^st^ August 2014
Subject : Revision of Investment Management Fees (IMF) for Private Sector NPS
Based on the Request for Proposal (RFP) dated 16^th^ Jan 2014 for selection of Pension Funds (PFs) under National Pension System (NPS) for Private Sector, the Investment Management Fee (IMF) stands revised to 0.01% p.a. of Assets Under Management. The revised IMF would be applicable from 1^st^ August 2014.
This supersedes the earlier Circular No. PFRDA/CIR/1/PFM/1 dated 31^st^ August 2012.
[Image omitted. See the official document.] Sumeet Kaur Kapoor General Manager
