How to Change Fund Manager in NPS?

Question

Q.

Samadrita

✔In Progress

👁75
Views

August 16, 2022

Comment

1
Answers

Banking

Share

shiv · Answer 1 · 2022-08-16T09:58:31+00:00

0 August 16, 2022

⤺ Reply

My uncle is planning to change his Fund Manager since he believes investing in any other manager is going to be beneficial for him. I thought it cannot be done so did my father but got to know that one can change his Fund Manager. Many of you too might be curious to know how it can be done so let me share with you some points on how to change Fund Manager in NPS. It is actually not very hard so if you want, just go for it. Get your loan easily sanctioned with a low interest rate by availing NoBroker Home Loans Calculate how much you are to pay monthly with NoBroker EMI calculator

There are several options available to change the scheme or fund manager and those are:

It can be done online through Point of Presence
Option to change the Fund Manager can only be opted for once that also in a Financial Year
Option to change the scheme can be done only twice in a financial year
Physical application form needs to be downloaded from respective CRA’s websites by clicking on the below mentioned option as per your choice:

CAMS CRA :https://www.camsnps.com/ NSDL CRA :https://www.npscra.nsdl.co.in/organised-sector-forms.php Kfintech CRA :https://nps.kfintech.com/allcitizensforms.aspx Do note that you will have to pay a transaction fee as well. I hope this answers your query on how to change Fund Manager in NPS. Read More: What is NPS PRAN Number? How to open NPS Account? Can we take loan on NPS?