Multiple Scheme Framework (MSF) in NPS: Complete Guide for Subscribers

Introduction to MSF in NPS

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.

MSF Scheme Under UTI Pension Fund

UTI Pension Fund has launched 1 scheme on 1st Oct 2025.

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 risk management.

Key Features of UTI PF Wealth Builder :

Ideal for Investors with high-risk appetite seeking mid-cap equity growth for their NPS portfolio
Ideal for young & mid-career professionals planning to maximise their retirement corpus
Ideal for citizens looking for a long-term investment (15+ years)
Minimum vesting 15 Years or 60 or superannuation or retirement, whichever is earlier for Tier I account
Exercise the option of investing up to 100% in equities in Tier I account
Scheme is applicable for Tier I and Tier II accounts

Note : Total charges up to 0.30% of the AUM p.a.

Asset allocation :

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%

Governance & Compliance

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 interest

Why Choose UTI PF Wealth Builder Scheme?

Growth-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.

Benefits of MSF for Subscribers

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.

Why MSF Matters for NPS Subscribers?

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.

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:

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.

Conclusion

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.

With trusted fund managers like UTI Pension Fund, you can secure not just your retirement, but also peace of mind for the future.

Visit your nearest UTI Pension Fund branch or www.utipension.com to know more. For more assistance get in touch with us at contact@utipf.co.in and our team will be happy to assist you at the earliest.