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How do you manage the account?
You have to decide how much you want to invest. It is mandatory that you make at least four contributions in one single year. Each contribution must be at least Rs 500. And the minimum to be invested in a year is Rs 6,000. Once you make your contribution with the PoP, it will be deposited with the CRA. The CRA will maintain all the accounts just like a depository maintains the dematerialised accounts for shares. The CRA will then transfer the amount your money to the fund manger of your choice: ICICI Prudential, IDFC, Kotak Mahindra, Reliance Capital, SBI and UTI.
Image: You can start with a minimum contribution of Rs 500
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