The NPS Bharat FoF Platform is a centralized platform that facilitates the end-to-end process of mobilizing a portion of NPS assets into the AIF ecosystem.
The platform serves as a single-window interface for all pre-investment activities, including the onboarding, screening, evaluation, due diligence, and investment recommendation of eligible AIFs on behalf of the NPS Trust.
Only SEBI-registered Category I and Category II AIFs are eligible for investment, in accordance with the applicable Pension Fund Regulatory and Development Authority (PFRDA) investment guidelines.
AIFs with a target corpus of ₹100 Crore or more are eligible to apply for consideration under the NBFoF.
AIFs may assess their eligibility for application by referring to the prescribed eligibility criteria available on the NBFoF website.
Eligible AIFs can only apply through the “Apply Now” Button on the NBFoF website. Only those AIFs who pass initial-assessment score can submit their application.
The NBFoF follows a sector-agnostic investment approach, with no predefined restrictions on sectors. Investments may be made across sectors, subject to applicable regulatory guidelines and internal evaluation criteria.
The investible corpus under NBFoF is as per the regulatory guidelines prescribed by PFRDA pertaining to investments in AIFs under NPS.
As per extant PFRDA investment guidelines:
• Up to 1% of AUM (Government Sector) may be allocated to AIFs.
• Up to 5% of Scheme E & C AUM (Non-Government Sector).
AIF Business refers to the end-to-end fund management activities undertaken by the Investment Manager in relation to AIFs, including fundraising, deal sourcing, investment execution, portfolio management, monitoring, and exits.
No, shortlisting does not guarantee a capital commitment. The selection process is conducted in two stages. Shortlisting by the Screening-Cum-Investment Committee constitutes only the first stage. Final commitment depends on:
• Regulatory Ceilings prescribed by PFRDA.
• Approval of the Pension Fund’s Investment Committee, based on the applicable terms and conditions decided by it.
No, as per Section 25 of the PFRDA Act, 2013, Funds cannot be invested in securities of the companies or Funds incorporated and operated outside India.