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Investment Management Fees

Notice to subscribers for change of Investment management fees:

Notice is hereby given to all the private and corporate sector subscribers of National Pension Scheme (NPS) whose funds are managed by us (i.e Birla Sun Life Pension Management Limited), that in terms of the Pension Fund Regulatory and Development Authority’s circular no. PFRDA/6/PFM/9/2 dated July 31, 2014, the Company will start charging the investment management fee of 0.01% p.a. (inclusive of brokerage but excluding custodian charges and applicable taxes), with effect from August 01, 2014, in respect of NPS schemes (namely scheme E, scheme G, scheme C and scheme A) being managed by the Company. This fee shall remain valid till further notice and subsequent revision, if any, shall be duly notified by the company.


The PFRDA circular on the subject as above is available at their website: http://pfrda.org.in
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