NPS KFintech - About kfintech CRA (2024)

FAQs

Which CRA is better for NPS? ›

PFRDA has appointed NSDL and KARVY as Central Record Keeping Agency (CRA) for NPS. Both venture in India carries out the functions of record keeping, administration and customer Service for all subscribers under NPS.

Central Recordkeeping Agency is required to establish an internal system that delivers compliance with standards for internal organization and operational conduct, with the aim of protecting the interests of NPS subscribers and their assets.

The KFintech CRA is a back office for maintaining records, administration and customer service functions which is playing an important role to the successful operationalization of the NPS.

Welcome to Central Record Keeping Agency.

The reason – a poor equity market. As NPS returns are not up to the mark, investors look elsewhere to generate returns. The Employees' Provident Fund (EPF) and Public Provident Fund (PPF) have emerged as favourites as investors mull the switch.

KFintech provides RTA service to mutual fund service, corporate registry, Central Recordkeeping Agency (CRA) for National Pension System (NPS), Global fund services, Global Business services etc. NSDL e-Governance Infrastructure Limited (NSDL e-Gov): Was initially set up as a depository in 1995.

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Click on 'National Pension System' and then on 'Registration'. Select the 'Aadhaar' option in the 'Register with' field. Alternatively, you can select PAN but then, the KYC will be routed through a bank where you already have relation and a charge of up to Rs 125 plus taxes may be collected.

Risk assessment

Currently, for NPS, a cap of 50% to 75% has been imposed on equity exposure (for government employees, there is a cap of 50%). The equity exposure is reduced gradually every year by 2.5% starting from the year in which the investor turns 50 years of age.

What is difference between NPS and NPS trust? ›

NPS Trust is the registered owner of all assets under the NPS architecture which is held for the benefit of the subscribers under NPS.

How to Shift from NSDL to KFintech? As a subscriber, if you wish to shift from NSDL [National Security Depository Limited] to KFintech, you need to submit the “Inter CRA Shifting Form”. After you submit, the POP will take the responsibility to shift to the KFintech CRA.

Currently, an individual can open an NPS account with any of the three CRAs - Protean (formerly known as NSDL), CAMS and KFintech. A person is allowed to open only one NPS account. But the amount charged by the three CRAs differ.

Yes, a subscriber can claim withdrawal in following cases:

In case of Superannuation- A Subscriber can claim 100% Withdrawal if the total accumulated corpus is less than or equal to Rs. 5 lakh at the time of Superannuation/attaining age of 60 years.

There are some disadvantages of National Pension System scheme as mentioned below: Limits on amount withdrawal – NPS comes with a lock-in period. Further, there are restrictions on the withdrawal from the pension amount. In fact, NPS restricts any kind of withdrawals until the policyholder reaches 60 years of age.

Include NPS in the investment mix. The mid-40s or higher age group should allot a bigger portion of the funds to debt savings (EPF plus PPF). In NPS, invest largely in equities. If your PF corpus isn't chunky and you have invested heavily in equity funds, then be conservative with NPS for the safety of funds.

Historically speaking, NPS interest rates have varied between 9% – 12%. After retirement, individuals can withdraw a portion of the accumulated amount in a lump sum, which is capped at 60%. The rest of such amounts are used to invest in an annuity plan.

While equity mutual funds invest at least 65% of their assets in equity and equity-related instruments, NPS Tier 2 accounts allow for up to 50% of the total corpus to be invested in equity-oriented schemes.

Can I change my NPS fund manager? ›

This can be undertaken online or through Point of Presence. Option to change the Fund Manager can be exercised once in a Financial Year. Option to change Scheme Preference can be exercised twice in a Financial year. Transaction charges will be applicable.

The rebranding would help the company reflect its independent identity.

Tier II is an add-on account which provides you the flexibility to invest and withdraw from various schemes available in NPS without any exit load. You can save the details captured during Tier II Activation process at regular intervals by clicking on 'Save and Proceed'.

The Canada Revenue Agency (CRA; French: Agence du revenu du Canada; ARC) is the revenue service of the Canadian federal government, and most provincial and territorial governments.

The create-react-app CLI tool allows you to quickly create & run React applications with no configuration step. Let's create Todo App using CRA: # Installation. $ npm install -g create-react-app.

The Community Reinvestment Act (CRA), enacted in 1977, requires the Federal Reserve and other federal banking regulators to encourage financial institutions to help meet the credit needs of the communities in which they do business, including low- and moderate-income (LMI) neighborhoods.

Use other modes of payment such as Net Banking/ Debit Card / UPI for contributing in Tier II. You can view your NPS Transactions in Consolidated Account Statement (CAS) shared by your Depository i.e. NSDL and CDSL. To add NPS Transactions in your CAS, Click Here.

There are two types of NPS accounts - Tier I and Tier II. While NPS Tier I is well-suited for retirement planning, Tier II NPS accounts act as a voluntary savings account. Tier I NPS investment is a long-term one and the amount cannot be withdrawn until retirement.

SBI is one such bank that accepts the application form and the required documents, getting the subscribers registered with the Central Recordkeeping Agency (CRA) to generate the Permanent Retirement Account Number (PRAN). The PRAN will be needed for quoting in all future transactions.

What is difference between KFintech and NSDL? ›

KFintech provides RTA service to mutual fund service, corporate registry, Central Recordkeeping Agency (CRA) for National Pension System (NPS), Global fund services, Global Business services etc. NSDL e-Governance Infrastructure Limited (NSDL e-Gov): Was initially set up as a depository in 1995.

As an investor, if your preference lies in equity, then you may choose a fund manager who has consistently outperformed in equity funds. Similarly, if you want to opt for higher debt exposure, then choose a fund manager with a better track record in debt funds."

For investors that want to keep it simple, and have limited knowledge and access to financial advisors Tier-2 NPS could be a good option. NPS Tier-2 also provides an auto-choice option for asset allocation for investors that don't want to manage asset allocation themselves.

KFin Technologies Limited is a leading technology-driven financial services platform in India. Company generated strong revenue growth in the last 3 years and 6 months. While company generated thin margins in FY20 and incurred loss in FY21, it generated strong margins in FY22 and 6 months ended Sep-22.

Positives & Future prospects: KFintech has improved its market share from 28% (FY19) to 31% (FY22) in Mutual Fund AUM segment, with a higher share of Equity AUM (56% VS. 47% for CAMS) in the total AUM mix as of Sept 2022. Equity MF generally has higher fees charged for investor solutions.

Sreekanth Nadella - CEO @ KFintech - Crunchbase Person Profile.

You can also look at the NPS vs. fixed deposit question from the purview of risk. If you are a risk-averse investor, opening an FD makes more sense. However, if you have the risk-appetite to weather market-linked changes, you can also opt for a tier II NPS account to maximise your returns from your investments.

An investor who has invested in NPS for 3 years, can withdraw a maximum 25% of the total contribution. During the entire tenure an investor may apply three-times for partial NPS premature withdrawal.

Can you go from Tier 1 to 2 in NPS? ›

NPS Tier 1 investment is open to all Indian citizens aged between 18 and 65 years. However, to invest in Tier 2 accounts, you would first need to become a Tier 1 subscriber. Besides this, Tier 1 account holders need to invest at least once every year.

There are ten fund managers in NPS. You can select the Best NPS fund manager that aligns with your investment duration, goals and risk tolerance level.