SOT Notes

1. The 'Investment Details' section gives an overall status of the total contribution processed under the account and the returns accrued.

2. 'Notional Gain / Loss' indicates the overall gain or loss after factoring for the withdrawals processed in the account.

3. 'Total Net Contributions' indicates the cost of units currently held in the PRAN account.

4. 'Unrealized Gain / Loss' indicates the gain / loss in the account for the current units balance in the account.

5. Returns based on Inflows' gives the annualized effective compounded return rate in PRAN account and is calculated using the formula of XIRR. The calculation is done considering all the contribution / redemptions processed in PRAN account since inception and the latest valuation of the investments. The transactions are sorted based on the NAV date.

6. 'Changes made during the selected period' indicates all the change requests processed in PRAN account during the period for which the statement is generated.

7. The section 'Contribution / Redemption Details' gives the details of the contributions and redemption processed in subscribers' account during the period for which the statement is generated. While contribution amount indicates the amount invested in subscribers account, the redemption amount indicates the cost of units redeemed from the account. The cost of units is calculated on a First-In-First-Out (FIFO) basis. The details are sorted based on date when the transaction is posted in PRAN account, which may / may not be the date for allotment of the NAV.

8. 'Transaction Details' gives the units allotted under different schemes / asset classes for each of the contributions processed in subscribers' account during the period for which the statement is generated. It also contains units debited from the account for redemption and rectification. The details are sorted based on date when the transaction is posted in PRAN account, which may / may not be the date for allotment of the NAV.

9. The Amount in the Closing Balance under the section 'Transaction Details' gives the cost of investment of the balance units and not a sum total of all contribution and withdrawal. The cost of units is calculated on a First-In-First-Out (FIFO) basis.

10. For transactions with the remarks 'To Unit Redemption', the cost of units redeemed are adjusted against the total contribution in the Investment Details section. Further, the cost of units is calculated on a First-In-First-Out (FIFO) basis. For calculating the 'Returns based on Inflows', the actual redemption value corresponding to the units redeemed has been considered.

11. The Transaction statement is dynamic. The value and other computations in the Transaction statement depend upon the generation date.

12. The above returns are calculated based on scheme NAVs and the securities held under the scheme portfolio are valued on mark to market basis and are subject to change on NAV fluctuations.

13. Further, an additional deduction from your taxable income to the extent of Rs. 50,000/- is available only for contribution in NPS u/s Sec. 80 CCD (1B). To give an example, your salary is Rs.15 lac per annum. On contribution of Rs. 2 lac, you can avail: Deduction under Sec. 80 CCD (1) - Rs. 1.50 lac Deduction under Sec. 80 CCD (1B) - Rs. 0.50 lac Total deduction - Rs. 2.00 lac

Also note that your employer's contribution upto 10% of your salary is fully deductible from your taxable income.

Any applicable tax benefits should be confirmed with your CA or tax expert.

14. The variations, if any, in Total Contribution in ‘Investment details’ and ‘Contribution/Redemption details’ tables in your statement is due to the transactions like Billing, Rebalancing and Scheme Change is being displayed due Subscribers where there is such difference

15. Below are the applicable fees and charges (excluding applicable taxes) levied on NPS Subscribers

16. The information on NPS schemes returns can view by referring to URL: https://npstrust.org.in/weekly-snapshot-nps-schemes