Quick Summary
Overview The Government of India has extended two additional National Pension System (NPS) investment options to employees of Central Autonomous Bodies (CABs) covered under NPS. Following a Ministry of Finance memorandum, CAB employees can now opt for the Aggressive Life Cycle Fund (LC-75-High) with equity exposure up to 75% and the Aggressive Life Cycle Fund (formerly Balanced Life Cycle Fund) with equity exposure capped at 50%. The move aims to provide greater flexibility, allowing subscriber
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FAQ :
Employees of Central Autonomous Bodies (CABs) covered under the National Pension System (NPS) are eligible for these new investment options.
The two new options are the Aggressive Life Cycle Fund (LC-75-High) with up to 75% equity exposure and the Balanced Life Cycle Fund (now named Aggressive Life Cycle Fund) with equity exposure capped at 50%.
The Aggressive Life Cycle Fund (LC-75-High) offers equity exposure of up to 75%.
The Balanced Life Cycle Fund, now called the Aggressive Life Cycle Fund, has equity exposure capped at 50% and begins gradually reducing equity allocation from age 45.
The aim is to provide greater flexibility for NPS subscribers in CABs, enabling them to align their pension investments with their individual risk appetite, financial goals, and retirement planning needs.
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