Scheme Details (2024)

Scheme Preference is the Pension fund schemes option chosen by the subscriber for investing the pension contribution amount. In case of the Corporate, the corporate can either select the Scheme Preference or can give such option to its employees / subscribers.

The NPS offers two approaches to invest in your account
1.Active choice - There are Individual Funds (E, C and G Asset classes). In active choice, the Subscriber has to select a Pension Fund Manger and has to mention the ratio of funds to be invested among E, C & G.
2.Auto choice - There is a Lifecycle Fund and the subscriber has to select a Pension Fund Manager and his / her funds will be invested as per the Life cycle fund matrix on the basis of the age of the subscriber.

For both Tier I and Tier II, the subscriber has been given the flexibility to choose any one out of available Pension Fund Managers(PFMs) and also decide the percentage in which the selected PFM will invest the funds.

If a subscriber chooses Active Choice, he can specify the percentage in which his / her money is to be invested in these asset classes. However, allocation in Equity cannot be more than 50%.

If a subscriber opts for Auto Choice, system will automatically calculate the asset allocation percentages based on the subscriber's age.

Scheme Details (2024)

FAQs

What is scheme information? ›

Scheme Information Document (SID) is a document that provides investors with all the necessary information about a mutual fund scheme. It includes details such as minimum subscription amounts, exit and entry loads, SIP details, fund managers and their experience, risk level, the scheme's objective, etc.

What is the meaning of scheme? ›

1. : a plan or program of action. especially : a crafty or secret one. 2.

What is a scheme example? ›

a plan for doing or organizing something: The committee came up with a creative fundraising scheme. The yellow and white color scheme brightened up the kitchen. A scheme is also a secret and dishonest plan: [ + to infinitive ] They devised a scheme to defraud the government of millions of dollars.

What does being scheme mean? ›

an organized plan for doing something, especially something dishonest or illegal that will bring a good result for you: He has a hare-brained/crazy scheme for getting rich before he's 20.

What is scheme used for? ›

Scheme demonstrates that a very small number of rules for forming expressions, with no restrictions on how they are composed, suffice to form a practical and efficient programming language that is flexible enough to support most of the major programming paradigms in use today.

What is the purpose of a scheme? ›

Schemes are a form of financing introduced by the state or central governments. The main goal of launching different schemes is to encourage people to achieve their objectives if they lack the resources to do it.

What does scheme things mean? ›

phrase [poss PHR] Someone's scheme of things is the way in which they think that things in their life should be organized. He did not quite know how to place women in his scheme of things.

What does scheme mean in text? ›

a plan, design, or program of action to be followed; project. an underhand plot; intrigue.

What is another word for scheme or program? ›

Some common synonyms of scheme are design, plan, plot, and project.

What does scheme mean in business? ›

a plan, program, or policy officially adopted and followed, as by a government or business. The company's pension scheme is very successful.

What is a scheme in writing? ›

A scheme in literature refers to a specific plot or narrative device that is used to drive the story forward or create a particular effect. It can involve the manipulation of characters, events, or themes to create tension, suspense, or surprise.

Is scheme a legal term? ›

scheme n. 1 : a combination of elements (as statutes or regulations) that are connected, adjusted, and integrated by design. : a systematic plan or program [an administrative inspection ] 2 : a crafty, unethical, or fraudulent project [a to defraud investors]

What is meant by scheme? ›

1. countable noun [oft NOUN to-infinitive, noun NOUN] B2. A scheme is a plan or arrangement involving many people which is made by a government or other organization. [mainly British]

Is scheme a negative word? ›

But don't forget that schemes often carry a negative connotation — the word brings to mind devious plans and secret plots organized by scheming bad guys.

What is a good sentence for scheme? ›

Examples from Collins dictionaries

The company was pouring around $30 million into the scheme. They would first have to work out some scheme for getting the treasure out. Tourists can be vulnerable to scams and con schemes of all kinds. Everyone's always scheming and plotting.

What is a scheme in data? ›

A database schema refers to the logical and visual configuration of the entire relational database. The database objects are often grouped and displayed as tables, functions, and relations. A schema describes the organization and storage of data in a database and defines the relationship between various tables.

What is a scheme in education? ›

A scheme of work, in short, is an overview or a long-term plan for what you aim to teach in a particular subject across a term or an academic year.

What is a scheme Internet? ›

A scheme. The scheme identifies the protocol to be used to access the resource on the Internet. It can be HTTP (without SSL) or HTTPS (with SSL). A host. The host name identifies the host that holds the resource.

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