How the Multiple Scheme Framework (MSF) Brings Freedom to Retirement Saving
 Retirement planning is no longer a one-size-fits-all journey. As financial goals, income patterns, and risk preferences change over time, investors need a retirement strategy that can adapt with them.
The Multiple Scheme Framework (MSF) under the National Pension System (NPS) introduces this flexibility by allowing subscribers to access multiple investment schemes within a single NPS account. It enables investors to customise their retirement portfolio based on their financial goals, risk appetite, and changing life stages.
With MSF, retirement planning becomes more flexible, personalised, and aligned with real-world financial needs.
What Is the Multiple Scheme Framework (MSF)?
The Multiple Scheme Framework (MSF) allows NPS subscribers to invest in multiple schemes under a single Permanent Retirement Account Number (PRAN). Instead of managing separate accounts for different investment approaches, investors can diversify their retirement savings within one NPS structure.
This framework enhances choice, simplifies management, and allows investors to create a retirement strategy that evolves with time.
Key Features of MSF
1. Greater Flexibility in Retirement Planning
MSF allows investors to customise their portfolio based on their goals, investment horizon, and risk tolerance.
2. Multiple Schemes Under One PRAN
Subscribers can select different investment schemes within a single NPS account, making retirement planning simpler and more efficient.
3. Opportunity for Long-Term Wealth Creation
With schemes offering higher equity exposure (subject to scheme rules), investors can participate in long-term market growth and benefit from the power of compounding.
4. Simplified Account Management
MSF removes the need to maintain multiple retirement accounts for different investment strategies, making tracking and reporting easier.
5. PAN-Based Identification Across CRAs
The PAN-linked structure supports seamless identification, continuity, and improved account management.
6. Flexible Exit Options
MSF provides greater liquidity flexibility, with exit options available after a minimum period of 15 years or at the age of 60/superannuation age, whichever is earlier, as per applicable rules.
Why Does Retirement Planning Need Flexibility?
Retirement planning often spans several decades. Over such a long period, financial priorities and market conditions can change significantly.
A young professional may focus on wealth creation and higher growth potential, while someone closer to retirement may prioritise stability and capital preservation.
MSF supports this changing journey by enabling investors to adjust their strategies over time.
Changing Life Stages, Changing Investment Needs
Different Risk Preferences
Early-career investors may have a higher risk appetite, while investors approaching retirement may prefer a more balanced approach.
Changing Income Patterns
Career transitions, business cycles, or changing financial responsibilities can impact savings priorities.
Market Adaptability
Different market conditions may favour different asset classes, making flexibility an important part of long-term investing.
A More Practical Approach
MSF allows investors to modify their investment approach without moving away from the NPS ecosystem.
Regulated and Transparent Structure
Operating under the guidelines of the Pension Fund Regulatory and Development Authority (PFRDA), MSF combines flexibility with regulatory oversight.
UTI PF Equity Wealth Builder MSF Scheme: Supporting Long-Term Retirement Goals
The true value of MSF lies in how investors use its flexibility to build their retirement strategy.
The UTI PF Equity Wealth Builder MSF Scheme is designed for investors seeking long-term growth opportunities through an equity-focused retirement approach.
With equity exposure of up to 100% (subject to scheme guidelines), the scheme aims to provide growth potential for investors with a longer investment horizon. It forms part of the MSF structure, allowing subscribers to use the flexibility of NPS while pursuing long-term wealth creation.
Managed by the investment professionals at UTI Pension Fund Limited, the scheme operates within the regulated framework of NPS.
Key Highlights of the Scheme
Long-Term Growth Focus
Designed for investors looking to build retirement wealth over an extended period.
Professional Fund Management
Managed by experienced investment professionals.
Structured Retirement Solution
Combines the flexibility of MSF with the discipline of NPS.
Suitable for Long Investment Horizons
Supports investors who are comfortable staying invested through market cycles.
Who Can Benefit from MSF-Based Retirement Planning?
MSF can be valuable for investors who want greater control and adaptability in their retirement journey.
Young Professionals: Starting early with a growth-oriented approach can help maximise the benefits of long-term compounding.
Self-Employed Individuals: MSF provides a structured retirement solution even without employer-sponsored retirement benefits.
Long-Term Investors: Those looking to build wealth over several years can benefit from a flexible, diversified approach.
Investors Seeking Diversification: MSF enables multiple investment strategies within a single NPS account.
Conclusion: A More Flexible Future for Retirement Planning
The Multiple Scheme Framework (MSF) represents a new way of thinking about retirement savings—one that combines the discipline of NPS with greater investment flexibility.
By allowing multiple schemes under one account, MSF helps investors diversify, adjust their strategies, and create a retirement plan that evolves with their financial journey.
With professionally managed solutions like the UTI PF Equity Wealth Builder MSF Scheme, investors can take advantage of this flexibility while staying focused on long-term retirement goals.
Because retirement planning should not remain fixed—it should evolve as you do
