Thank you for visiting the Tata Pension Fund (“TATA PFM”) website. These terms and conditions (hereinafter referred to as "Terms") are for Subscribers

This page sets forth the Terms applicable for the access and use of the Platform for every person who visits the Platform (hereinafter referred to as "User" or "they" or "their" or "you" or "your"),. You are requested to read these Terms carefully before you start using the Platform. By using the Platform you indicate that you have read, understood and accepted these Terms and have agreed to abide by the same without any limitation or qualification.

The website displays information relating to the NPS products and general information. The website also may provide links to other related websites for the convenience of the user. The user of this website may download materials, data etc displayed on the website for non-commercial and/or personal use only. The user may not, however, distribute, modify, transmit, reuse, report, or use the contents of the website for public or commercial purposes, including the text, images, audio and video without our written permission.

The user shall not delete, modify and/or otherwise interfere with copyright or other intellectual property rights displayed on the website. Reports, data, video clippings, and/or information displayed on the website are for information purposes only. Some of the reports, information and data displayed on the website may be provided by third parties. Tata Pension Fund makes no representations of any kind whatsoever about the content of any such website that the user may access through this website. The user is advised to read the terms and conditions/disclaimers of such website that may be accessed by the user.

We advise the user also to confirm the accuracy of any such information before seeking to rely on such information. Users should be cautious on unsolicited emails and SMS etc. We disclaim all liability that the user may incur as a result of relying on any such reports/information and/or accessing any other website and/or any third party content that may be accessed from the website.

We reserve the right to modify these Terms at any time. Your continuation to use the Platform and availing of the facilities provided therein subsequent to modifications shall be construed as you having read, understood, and agreed to be bound by the revised Terms and shall constitute an agreement between you and Tata Pension Fund /. These Terms shall always be read in conjunction with our Privacy Policy available on https://www.tatapensionfund.com/ . If you do not intend to be legally bound by these Terms, including amendments thereto, please refrain from using the Platform.

You hereby confirm that you shall not use the Platform for any unlawful or improper purposes. Tata Pension shall be authorized to immediately discontinue/suspend/terminate your access to the Platform upon being made aware of any such unlawful or improper use of the Platform.

You hereby acknowledge and agree that it shall be your responsibility to upgrade the software, hardware and the operating system of your computer and/or mobile phone handset, as the case may be at your sole cost and consequences from time to time so as to remain compatible with that of the Platform; and you also would require a proper uninterrupted internet connection.

We shall be at liberty to change, vary or upgrade the software, hardware, operating systems, etc. of the Platform from time to time and shall be under no obligation to provide support to all versions of the software, hardware, or operating systems used by you. We shall not be liable for your failure to access the Platform, partially or fully, whether due to your systems, the internet network or any other cause or reason whatsoever.

The Platform and its features and facilities offered may be expanded, limited or modified at any time to meet the needs of the Users, or for regulatory, technical or any other reasons whatsoever, without providing any advance notice or reason to Users. We reserve the right to change, modify, suspend, add, remove, or restrict the User’s access to the Platform or a part of it at our sole discretion, without prior notice. We may also in our sole discretion, and at any time, discontinue, temporarily or permanently, any facilities under the Platform without notice.

While we will make all reasonable efforts to ensure that industry standard, accessible formats are used for the materials posted on the Platform. However, we cannot guarantee the compatibility of such materials with your computer or mobile software.

As this is an electronic service, access cannot always be guaranteed due to external factors beyond our control. Whilst we endeavour to ensure that the facilities offered under the Platform are available without any interruptions, we do not guarantee that the access to or use of Platform or any part thereof will be uninterrupted or error free or that the Platform or the server that makes it available will be free of viruses or other harmful, malicious, or disruptive components.

User are advised to be cautious when browsing on the internet and to use good judgment and discretion when obtaining information or transmitting information. From this website, users may visit or be directed to third party web sites. The website makes no effort to review the content of these websites, nor is the website or its licensors responsible for the validity, legality, copyright compliance, or decency of the content contained in these websites.

In addition, the website does not endorse or control the content of any other user and is not responsible or liable for any content, even though it could be unlawful, harassing, libelous, privacy invading, abusive, threatening, harmful, vulgar, obscene or otherwise objectionable, or that it infringes or may infringe upon the intellectual property or other rights of another. You acknowledge that the website does not pre-screen content, but that the website will have the right (but not the obligation) in their sole discretion to refuse, edit, move or remove any content that is available via the facilities.

All product and facilities marks contained on or associated with the facilities that are not the website marks are the trademarks of their respective owners. The website would require you to respect the same. References to any such names, marks, products or facilities of third parties or hypertext links to third party websites or information does not imply the website’s endorsement, sponsorship or recommendation of the third party, information, product or facilities.

Amendments: These Terms may be amended or modified at any time and for such reason as Tata Pension Fund deems fit and proper including but not limited to comply with changes in laws and/or regulations, to correct inaccuracies, omissions, errors or ambiguities, reflect changes in the scope and nature of the services or based on User requirements.

• The NPS schemes managed by Tata Pension Fund has not been registered in any country outside India. This information is being offered only to residents of India, Non-resident Indians and Overseas Citizens of India and is presently not available to foreign residentsThe information provided on this Site is not intended for distribution to or use by any person in any jurisdiction or country where such use is contrary to law or regulation.

Statutory Details
Sponsor: Tata Asset Management Private Limited
Trustee: National Pension System Trust
Investment Manager: Tata Pension Management Private Limited.

• Securities investments are subject to market risks and there can be no assurance and no guarantee that the objectives of the Schemes managed by Tata Pension Fund will be achieved.
  • As with any investment in securities, the NAV of the units issued under the schemes(s) can go up or down depending on the factors and forces affecting the capital markets.
  • Past performance of the Sponsors / Tata Pension Fund does not indicate or guarantee the future performance of the schemes managed by the Tata Pension Fund and may not necessarily provide a basis of comparison with other investments.
  • The Sponsor is not responsible or liable for any loss resulting from the operations of the Tata Pension Fund beyond the contribution of an amount towards setting up of the Tata Pension .
  • Subscribers in the Scheme(s) are not being offered a guaranteed or assured rate of return and the actual returns of an Subscriber will be based on the actual NAV which may go up or down depending on the market conditions
  • Investments made by a subscriber (NRIs and OCIs) in foreign currency in the scheme(s) managed by Tata Pension Fund are subject to the risk of fluctuation in the value of the Rupee.
  • Subscribers may invest in the schemes managed by Tata Pension Fund and acquire a substantial portion of the scheme(s) units.
  • In case of Fixed Income Investment (Government Securities), changes, in the prevailing rates of interest will likely affect the value of the scheme(s) holdings managed by Tata Pension and thus the value of the Scheme(s') Units. Increased rates of interest, which frequently accompany inflation and /or a growing economy, are likely to have a negative effect on the value of the Units. The value of securities held by a Scheme(s) managed by Tata Pension Fund generally will vary inversely with changes in prevailing interest rates.
  • As with debt instruments, changes in interest rate may affect the net asset value of the schemes managed by Tata Pension Fund as the prices of instruments generally increase as interest rates decline and generally decrease as interest rates rise. Prices of long-term securities generally fluctuate more in response to interest rate changes than do short-term securities. Indian debt and government securities markets can be volatile leading to the possibility of price movements up or down in fixed income securities and thereby to possible movements in the NAV.
  • Credit risk or Default risk refers to the risk that an issuer of a fixed income security may default (i.e. the issuer will be unable to make timely principal and interest payments on the security). Because of this risk corporate debentures are sold at a higher yield above those offered on Government Securities which are sovereign obligations and free of credit risk. Normally, the value of a fixed income security will fluctuate depending upon the changes in the perceived level of credit risk as well as any actual event of default. The greater the credit risk, the greater the yield required for someone to be compensated for the increased risk.
  • The Equity scheme(s) managed by Tata Pension Fund may invest in derivative instruments which carry a high risk return ratio. In case of investments in derivative instruments, the risk/reward would be the same as investments in portfolio of equity representing an index. However, there may be a cost attached to buying an index future.. Further there could be an element of settlement risk, which could be different from the risk in settling physical securities and there is a risk attached since the Indian market for derivative instruments is untried and untested
  • Tracking errors are inherent in any index fund and such errors may cause the scheme to generate returns which are not in line with the performance of the NSE Nifty 50 Index / BSE SENSEX Index or one or more securities covered by / included in the NSE Nifty 50 Index / BSE SENSEX Index. To the extent that some assets/ funds may be deployed in Money Market Operations, the Scheme will be subject to risks relating to such operations and may also contribute to tracking errors. The deviation of the NAV of the respective plan from the SENSEX or Nifty is expected to be in the range of 2-3% per annum. However it may so be that the actual tracking error can be higher or lower than the range given. In case of investments in derivative instruments as provided by PFRDA, the risk/reward would be the same as investments in portfolio of shares representing an index. However, there may be a cost attached to buying an index future. Further, there could be an element of settlement risk, which could be different from the risk in settling physical shares and there is a risk attached to the liquidity and the depth of the index futures market as it is an untested market.
  • Basis Risk (Interest Rate Movement): During the life of floating rate security or a swap the underlying benchmark index may be com e less active and may not capture the actual movement in interest rates or at times the benchmark may cease to exist. These type of events may result in loss of value in the portfolio. Spread Risk: In a floating rate security the coupon is expressed in terms of a spread or mark up over the benchmark rate. However depending upon the market conditions the spreads may move adversely or favourably leading to fluctuation in NAV. In case of downward movement of interest rates, floating rate debt instruments will give a lower return than fixed rate debt instruments.
  • Risks associated with Derivatives products are specialised instruments that require investment techniques and risk analysis different from those associated with stocks and bonds. Derivatives require the maintenance of adequate controls to monitor the transactions entered into, the ability to assess the risk that a derivative add to the portfolio and the ability to forecast price of securities being hedged and interest rate movements correctly. There is a possibility that a loss may be sustained by the portfolio as a result of the failure of another party (usually referred to as the “counterparty”) to comply with the terms of the derivatives contract. Other risks in using derivatives include the risk of mis-pricing or improper valuation of derivatives and the inability of derivatives to correlate perfectly with underlying assets, rates and indices.

  • Investment Risks
    For Non-equity schemes:
    The value of, and income from, an investment in the schemes managed by Tata Pension Fund can decrease as well as increase, depending on a variety of factors which may affect the values and income generated by the Scheme's portfolio of securities. The returns of the Scheme's investments are based on the current yields of the securities, which may be affected generally by factors affecting capital markets such as price and volume, volatility in the stock markets, interest rates, currency exchange rates, foreign investment, changes in Government and Reserve Bank of India policy, taxation, political, economic or other developments, closure of the Stock Exchanges etc. Subscribers should understand that the investment choice selected, in line with prevailing market conditions, is only a hypothetical example as all investments involve risk and there is no assurance that the Schemes managed by Tata Pension Fund investment objective will be attained
    Different types of securities in which the schemes managed by Tata Pension Fund would invest carry different levels and types of risk. Accordingly, the scheme's risk may increase or decrease depending upon its investment pattern. e.g. corporate bonds carry a higher amount of risk than Government securities. Further even among corporate bonds, bonds which are AAA rated are comparatively less risky than bonds which are AA rated.

    For Equity schemes:
    The Schemes will invest in Top 200 Companies in terms of full market capitalisation. which will be updated by NPS Trust every 6 months. However, the growth associated with equities is generally high as also the erosion in the value of the investments/portfolio in the case of the capital markets passing through a bearish phase is a distinct possibility. The NAV of the scheme is largely dependent on the performance of the companies and the sectors wherein the investment has been made.
    The scheme may use techniques and instruments for efficient portfolio management and to attempt to hedge or reduce the risk of such fluctuations. However these techniques and instruments if imperfectly used have the risk of the scheme incurring losses due to mismatches particularly in a volatile market. The Fund's ability to use these techniques may be limited by market conditions, regulatory limits and tax considerations (if any)..

    Risk Associated with Alternate Asset Class Scheme may invest in domestic securitized debt such as asset backed securities (ABS) or mortgage backed securities (MBS). Asset Backed Securities (ABS) are securitized debts where the underlying assets are receivables arising from automobile loans, personal loans, loans against consumer durables, etc. Mortgage backed securities (MBS) are securitized debts where the underlying assets are receivables arising from loans backed by mortgage of residential / commercial properties. Derivatives require the maintenance of adequate controls to monitor the transactions entered into, the ability to assess the risk that a derivative adds to the portfolio. Risks in using derivatives include the risk of default of counter party, mis-pricing and the inability of derivatives to correlate perfectly with underlying assets, rates and indices.

Tata Pension Fund shall not be liable for any damages or losses sustained by the User (direct and/or indirect) whatsoever, due to disruption or non-availability of the the Platform due to technical fault/error or any failure or failure in telecommunication network or any error in any software or hardware systems.

Tata Pension Fund is not responsible for the content or practices of any other website even if it links to the site and even if the website is operated by a company affiliated or otherwise. User acknowledge and agree that Tata Pension Fund is not responsible or liable to user for any content or other materials hosted and served from any website other than the Tata Pension Fund website.

Tata Pension Fund shall under no circumstance be held liable to the User if the Platform or all or any part of the on the Platform is not available in the desired manner for reasons including but not limited to legal restraints, faults in the telecommunication network or network failure, faults in computer systems, or any other force majeure events (such as flood, extraordinary weather condition, earthquake or other act of God, fire, war, insurrection, riot, labour dispute, accident, action of government, communications, power failure, equipment or software malfunction) or any other reason beyond the control of Tata Pension Fund.

Under no circumstances shall Tata Pension Fund be liable for any damages whatsoever whether such damages are direct, indirect, incidental or consequential. Illegal or improper use of the Platform shall render the User liable for payment of financial charges as decided by Tata Pension Fund or will result in suspension / termination of the access to the Platform extended to the User. The aforesaid does not limit rights of Tata Pension Fund to initiate appropriate legal proceedings against the User.

The confidentiality obligations of Tata Pension Fund shall be subject to the Privacy Policy displayed on the website https://www.tatapensionfund.com/ and these Terms shall be read in conjunction with the said Privacy Policy. The User, by agreeing to these Terms shall be deemed to have consented to the terms of the Privacy Policy of Tata Pension Fund.

User shall indemnify and keep indemnified and hold harmless, Tata Pension Fund for all claims, liabilities, losses, damages and expenses which Tata Pension Fund may sustain or incur either directly or indirectly as a result of: Providing to the User an access to the Platform Unauthorised use of the Platform or by any third party through the User’s personal and financial information

Tata Pension Fund in good faith taking or refusing to take any action on the received from the User. Fraud, negligence/ mistake or misconduct by the User. Any illegal or improper use of the Platform by the User. Negligence or mistake or misconduct of the User. Any delay or failure to process the transactions carried out by the User due to error, defect, failure or interruption or for any reason whatsoever; or Breach or non-compliance of any of the Terms by the User.

These Terms and the use of the Platform shall be governed by the laws of the Republic of India. The User and the Tata Pension Fund agree to submit to the exclusive jurisdiction of the courts in Mumbai as regards any disputes, claims or matters arising under these Terms. Tata Pension Fund accepts no liability whatsoever, direct or indirect, for non-compliance with the laws of any country other than the Republic of India. The mere fact that the Platform can be accessed through internet by the User in a country other than Republic of India shall not be interpreted to imply that the laws of such country govern these Terms and/or the use of Platform. In case of a dispute, the matter will be settled by arbitration as per the rules of Arbitration and Conciliation Act, 1996. Tata AMC shall nominate the sole arbitrator and that the place of arbitration shall be Mumbai and the language of arbitration shall be English.

Failure on the part of Tata Pension Fund to enforce any rights conferred by these Terms or any law / regulation shall not be deemed to be a waiver of any such rights.

The headings are used for convenience and ease of reference only and shall not affect the construction or interpretation of any provisions of these Terms.
The words, you, your, and User refer to the person(s) who access the Platform and shall include both singular and plural. Reference to masculine shall include the feminine and neuter gender. Words and expressions used but not defined herein shall have the same meanings assigned to them in such Scheme Related Documents.

User may print copies of the Site's Content, provided that these copies are made only for the Permitted Uses and that user include any notices and any legal information contained in the Site Content, such as all copyright notices, trademark legends, or other proprietary rights notices as well as all legal caveats furnished in the footnotes or under “Important Legal Information” as shown on the screen or through a link. Limited linking to the Site is permitted if done in full compliance with all applicable laws, these Terms of Use, our Linking Policy and our Logo Use Policy

Tata Pension Fund has social media presence on social media sites such as, Instagram, Twitter, Facebook, You Tube, LinkedIn ("hereinafter referred to as Tata Pension Fund Social Media Page). By accessing, viewing, posting, copying and/or duplicating any content to and/or from any of the Tata Pension Social Media Page on the internet, user accept, without limitation or qualification, the Terms of use of our website, as well as any other terms of use required by the underlying social media site (e.g., any terms of use required by Face book, Twitter, YouTube, LinkedIn. Instagram etc.). Your usage of the Tata Pension Fund Social Media Page or tagging us may be subject to the Terms and Conditions and/or Privacy Policy which is available on - http://tatapensionfund.com/terms-and-conditions and http://tatapensionfund.com/privacy-policy . Users should also be aware of the applicable laws and regulations of their respective jurisdictions prior to accessing the Tata Pension Fund Social Media Page or prior to tagging us and the users shall solely be responsible for compliance thereof. If you do not agree to and do not intend to be legally bound by the Terms and Conditions, website terms, and/or the terms of use of the underlying social media site, please refrain from viewing or posting any content to any of the Tata Pension Fund Social Media Page or tagging us. Any user accessing Tata Pension Fund Social Media Page or tagging us shall be deemed to have accepted and agreed to be legally bound by these Terms and Conditions, and the terms of use of the underlying social media site.

By posting contents to any Tata Pension Fund Social Media Page or tagging us , you understand and acknowledge that this information is available to the public, and that Tata Pension Fund may use this information for internal and external purposes. Please note that other participants may use your posted information beyond the control of Tata Pension Fund. If you do not wish to have the information you have made available via Tata Pension Fund Social Media Page or tagging us used, published, copied and/or reprinted, please do not post on Tata Pension Fund Social Media Page or tag us.

Tata Pension Fund does not make endorsements via Tata Pension Fund Social Media Page. We may post or share information on Tata Pension Fund Social Media Page, which we find useful or relevant, but this does not constitute an official endorsement or recommendation on behalf of Tata Pension Fund. Any content, including posts, pictures, responses, and videos, on Tata Pension Fund Social Media Page should not be considered an advertisement, endorsement, solicitation, financial advice, or offer to sell any products or services of Tata Pension Fund or of any other third parties. Your access of Tata Pension Fund Social Media Page or your coming into possession of any contents posted thereon or tagging of us shall not be construed as a solicitation to buy or an offer to sell, or a recommendation for a security or any other product or service to any person. No material posted by Tata Pension Fund on Tata Pension Social Media Page is intended as a complete analysis of every material fact regarding any market, industry, investment, strategy, or otherwise. While we may occasionally include links or references to other sites or third parties on Tata Pension Fund Social Media Page, we are not responsible for, do not endorse or guarantee, or accept any responsibility for the privacy policy, availability, contents, or accuracy of any such sites/third parties. Third parties may post or share information on our Tata Pension Fund Social Media Page. We do not endorse or guarantee the accuracy of the content posted by others.

Tata Pension Fund shall not be liable to user or any other person in any manner whatsoever for any advertisement, chats, discussions, transactions etc. not issued by Tata Pension Fund on any social media sites. The user by using any third-party platform/website like Facebook, Telegram, WhatsApp or any other social media platform, the user/subscriber is solely responsible for all the information/ details/data shared by user on any of such platforms. Tata Pension Fund shall not be responsible or liable in any manner whatsoever for any illegal, anti-social, objectionable, unethical, immoral activities or any defamatory activities or misuse of information or chatbot facility. In case of any such instances, users are requested to report at service@tatapfm.com .Tata Pension Fund may not be able to respond to your posts, not for lack of interest, but to maintain an appropriate social media forum. We do our best to create a valuable space for you on Tata Pension Fund Social Media Page. Do not post or send sensitive personal, confidential, or financial information via Tata Pension Fund Social Media Page or by tagging us. Tata Pension reserves the right to delete comment(s) and content(s) for any reason including comments and content that we, in our sole discretion, believe may be unlawful, abusive, offensive, or inappropriate.