Pritesh Kushte

Supply Chain Manager

Hikvision

Mumbai , India

03.2021 - Current

NATIONAL PENSION SYSTEM
Transaction Statement-Tier I
Transaction Statement for the Period of, 0 0 09-Feb-22 Voluntary Contribution - 190.00 5.4908 120.00 5.3215 190.00 8.7557 34.6033 22.5498 21.7000
Closing Units 5.4908 5.3215 8.7557
Note: 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
If you are an employee or if you are self-employed, you will be able to avail of deduction on contribution made from your taxable income to the extent of (u/s 80 CCD (1) of income Tax Act, 1961) - 10% of salary (Basic + DA ) - if you are salaried employee - 10% of your gross income - if you are self-employed
However, please note that the maximum deduction from your taxable income is limited to RS.1.50 lac, as permitted under Sec 80 CCE of the Income
Tax Act
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
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
Private Government
Intermediary Charge head Service Charges Service Charges Mode of Deduction
PRA Opening through Physical PRAN
Kit / ePRAN Kit
For physical PRAN Kit - Rs
39.36
For ePRAN Kit - Rs
4
CRA Annual PRA Maintenance cost per account
Rs 57.63 Through cancellation of units / Invoice
Page 2 of 3
KFintech, Tower – B, Plot No 31 & 32,Selenuim Building, Financial district, Nanakramguda, Gachibowli, Hyderabad-,
Toll Free: 1800 208 1516 E-mail ID: kcra@kfintech.com Web:https://nps.kfintech.com
Charge per transaction Rs 3.36
Initial subscriber registration Rs 200 NA
Initial Contribution/Subsequent
Contribution 0.25% of contribution (Min
Rs 20
Max
Rs 25000)
NA To be collected upfront
POP All Non-Financial Transactions Rs 20 NA e-NPS (for subsequent contribution) 0.10% of the contribution (Minimum Rs
10 & Max Rs
10,000)
NA
Persistency (applicable to All Citizen sector)
Rs 50 p.a NA Through cancellation of units
Slabs of AUM managed by the
Pension Fund
Maximum Investment Management Fee(IMF)
Upto 10,000 Cr
0.09%
10,001 - 50,000 Cr
0.06%
Pension Fund 50.001 - 1,50,000 Cr
0.05% Adjustment in NAV of
Above 1,50,000 Cr
0.03% Scheme
UTI Retirement Solutions Ltd Charges a fee of 0.07% under this slab
The IMF to be charged by the Pension Fund on the slab structure would be on the aggregate AUM of the
Pension Fund under all schemes managed by Pension Funds
Brokerage fee up to 3 basis points is also included in the Pension Fund Charges
Custodian Asset Servicing charges 0.0032% p.a for Electronic segment & Physical segment
NPST Reimbursement of Expenses 0.005% p.a, , Tower – B, Plot No 31 & 32,Selenuim Building, Financial
Led change management initiatives and designed functional area infrastructure to support demand planning and supply strategy.
Displayed exemplary negotiation skills when communicating with suppliers and vendors regarding contracts, policies and deadlines.
Monitored performance of external vendor supply chains while handling internal logistics.
Oversaw demand planning, purchasing and logistics.
Challenged teams to improve performance within distribution network to meet inventory targets.
Applied supply chain management knowledge to provide sourcing and influence electronic mediated environments.
Drove key performance indicators and continuous improvements throughout logistics and supplier operations.
Negotiated contracts, policies and deadlines with suppliers and vendors.
Drove cost reduction efforts for supply chain AOP to meet annual operations targets.
Deployed logistics systems and outsourced transportation to maximize efficiency, cost and benefit.

Summary

Overview

Work History

Supply Chain Manager

Education

Pgdba - Operations Management

Graduate - Chemistry

Skills

Accomplishments

Certification

Timeline

Supply Chain Manager

Pgdba - Operations Management

Graduate - Chemistry

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