Multiple Scheme Framework (MFS)
The National Pension System (NPS) has been India’s cornerstone for retirement planning. To make it more flexible and aligned with global best practices, the Pension Fund Regulatory and Development Authority (PFRDA) launched the Multiple Scheme Framework (MSF) for subscribers in the Non-Government Sector (NGS).
This upgrade introduces choice, personalization, and flexibility, empowering individuals to manage their retirement savings according to their risk appetite, professional profile, and life goals.
What Is the Multiple Scheme Framework?
MSF establishes a modern architecture where every subscriber is uniquely identified through their Permanent Account Number (PAN) across all Central Recordkeeping Agencies (CRAs). This setup allows a subscriber to hold multiple schemes under a single NPS account (PRAN), eliminating the need for separate accounts for different strategies .
In essence, MSF provides a centralized, transparent, and flexible platform for retirement planning
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MSF Scheme Under UTI Pension Fund
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UTI Pension Fund has launched 1 scheme on 1st Oct 2025
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UTI PF Wealth Builder NPS Equity Scheme
A retirement scheme for long-term capital appreciation in the emerging mid-sized companies. UTI PF Wealth Builder NPS Equity Scheme looks at long-term capital appreciation by investing predominantly in equity and equity-related securities of companies beyond the top 100 by market capitalisation.
The scheme seeks to capture growth opportunities in the emerging midsized companies while maintaining a disciplined approach to
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vesting 15 Years or 60 or superannuation or retirement, whichever is earlier for Tier I account
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Exercise the option of investing up to 100% in equities in Tier I account
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Scheme is applicable for Tier I and Tier II accounts
Note : Total charges up to 0.30% of the AUM p.a.
Features of MSF
Equity and equity related instruments : Min 90% to Max 100%
Companies other than the constituents of BSE 100 Index : Min 80% to Max 100%
Short-term Debt Instruments, Liquid Fund and related investments : Min 0% to Max 10%Regulated under PFRDA Act, 2013, PF Regulations and MSF Investment Guidelines
NAV will be calculated and reviewed as per the PFRDA Pension Fund Regulations
NPS Trust holds trusteeship to safeguard investor interestGrowth-Focused: UTI PF Wealth Builder targets long-term growth by investing in equity and equity-related securities of emerging mid-sized companies.
Fund Managed By Experts: Managed by seasoned professionals who combine research, strategy, and market insights to safeguard and grow your investments
Disciplined Risk Oversight: Advanced quantitative metrics like VaR, Beta, Sharpe, Treynor, Sortino to analyse market and performance risk with daily limit monitoring and early-warning indicators
Note: This is a very-high-risk, equity-oriented product. Returns may be volatile in the short term but aim for growth over the long term.
Greater Choice and Flexibility: Subscribers can mix conservative and aggressive strategies within the same PRAN.
Planning for Life Stages: Different schemes can be chosen as per changing needs over time.
Transparent Performance: Each scheme is benchmarked against relevant market indices, including equity, bond, or composite indices.
15-Year Vesting Period: Encourages disciplined, long-term investing to build a substantial retirement corpus.
The launch of MSF is a game-changer for retirement planning in India. It combines global best practices, personalized investment design, and transparent benchmarking to empower subscribers. By allowing individuals to align their NPS investments with risk appetite and life goals, MSF transforms retirement planning into a smarter, more goal-oriented process.
With trusted fund managers like UTI Pension Fund, you can secure not just your retirement, but also peace of mind for the future.
Secure Your Retirement with UTI Pension Fund.
With decades of expertise and trust, UTI Pension Fund is among India’s leading Pension Fund Managers. Under MSF, it provides >
The Multiple Scheme Framework (MSF) in NPS marks a new era of flexibility and personalization in India’s pension ecosystem. By allowing subscribers to access multiple schemes under one PRAN, benchmarked transparently and managed with regulatory safeguards, MSF empowers individuals to align retirement savings with life goals.
Expert portfolio management
Diverse scheme offerings
Disciplined risk management
By choosing UTI Pension Fund, subscribers can confidently navigate the new MSF landscape while building a robust, future-ready retirement corpus.
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