NPS Trust will start recovering fee/charge @ 0.01% of the AUM on daily accrual basis

We would like to bring to your kind attention that NPS Trust will start recovering fee/charge @ 0.01% of the AUM on daily accrual basis to meet its expenditure, with effect from 1st November, 2015 which has been approved by Pension Fund Regulatory and Development Authority.

Source : http://www.npstrust.org.in/images/Notice_Recovery_of_NPST_charge.pdf