Functions of NPS Trust

1 Holds the assets of subscribers in their interests

2Responsible for monitoring the Pension Funds

• Ensures that the investments are made by the Pension Funds as per the investment guidelines issued by the PFRDA from time to time.
• Monitors the performance of the investments and takes corrective action, if required. 

3 Monitors and evaluates the functions of intermediaries by receiving and analyzing the audited scheme financials, internal audit reports, inspection and compliance reports and other related information. It also gathers market information and intelligence to strengthen the system. This helps assess the performance of intermediaries and make necessary changes to the system in the best interest of the subscribers

4 Monitors and evaluates all operational and investment management activities pertaining to pension funds, trustee bank, custodians and in respect of central recordkeeping agencies, for activities pertaining to exits and withdrawals under the NPS and APY

5 Monitors the establishment of adequate infrastructural facilities by itself and the intermediaries, to be able to discharge the role and responsibilities of the intermediaries under the National Pension System. Ensures all the operating procedures and systems are adequately documented and backed by operation manuals

6Redressal of subscriber grievances