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  • News From Press NPS charges to go up after fresh bids

    NPS charges to go up after fresh bids

    Source: The Economic Times Dec 1, 2016

    NEW DELHI: Investors in the National Pension System (NPS) will be charged more for fund management but experts say the overall costs of the scheme are still quite low. Bids received from the nine pension fund managers range from 0.07% (Rs 70 per Rs 1 lakh) to 0.1% (Rs 100 per Rs 1 lakh). The bids were opened by the Pension Fund Regulatory and Development Authority (PFRDA) on Wednesday. Till now, investors were being charged only 0.01% (Rs 10 per Rs 1 lakh) because all pension funds had to match  .. 
     

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