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The Pension Fund Regulatory and Development Authority introduces two new life cycle funds for private sector subscribers to provide asset diversification. The authority adds the Aggressive Life Cycle Fund with a maximum equity investment of 75 percent and the Conservative Life Cycle Fund with a maximum equity investment of 25 percent. The existing life cycle fund continues as the Moderate Life Cycle Fund with a maximum equity investment of 50 percent as a default scheme. Private sector subscribers choose these funds based on age and risk profile.
Key dates
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Пेंशन निधि विनियामक और विकास प्राधिकरण बी-14/ए, छत्रपति शिवाजी भवन, कुतुब संस्थागत क्षेत्र, कटवारिया सराय, नई दिल्ली-110016. दूरभाष : 011-26517501 फैक्स : 011-26517507 वेबसाइट : www.pfrda.org.in
PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY B-14/A, Chhatrapati Shivaji Bhawan, Qutab Institutional Area, Katwaria Sarai, New Delhi-110016. Ph : 011-26517501 Fax : 011-26517507 Website : www.pfrda.org.in
CIRCULAR
Circular No. PFRDA/2016/8/PFM/03
Date: 04.11.2016
To
All stakeholders of National Pension System (NPS)
Subject: Introduction of two new Life Cycle (LC) Funds (LC 75 and LC 25)
| Aggressive Life Cycle Fund (LC-75) | |||
|---|---|---|---|
| Age | Asset Class E | Asset Class C | Asset Class G |
| Up to 35 years | 75% | 10% | 15% |
| 36 years | 71% | 11% | 18% |
| 37 years | 67% | 12% | 21% |
| 38 years | 63% | 13% | 24% |
| 39 years | 59% | 14% | 27% |
| 40 years | 55% | 15% | 30% |
| 41 years | 51% | 16% | 33% |
| 42 years | 47% | 17% | 36% |
| 43 years | 43% | 18% | 39% |
| 44 years | 39% | 19% | 42% |
| 45 years | 35% | 20% | 45% |
| 46 years | 32% | 20% | 48% |
| 47 years | 29% | 20% | 51% |
| 48 years | 26% | 20% | 54% |
| 49 years | 23% | 20% | 57% |
| 50 years | 20% | 20% | 60% |
| 51 years | 19% | 18% | 63% |
| 52 years | 18% | 16% | 66% |
| 53 years | 17% | 14% | 69% |
| 54 years | 16% | 12% | 72% |
| 55 years | 15% | 10% | 75% |
| Conservative Life Cycle Fund | |||
|---|---|---|---|
| Age | Asset Class E | Asset Class C | Asset Class G |
| Up to 35 years | 25% | 45% | 30% |
| 36 years | 24% | 43% | 33% |
| 37 years | 23% | 41% | 36% |
| 38 years | 22% | 39% | 39% |
| 39 years | 21% | 37% | 42% |
| 40 years | 20% | 35% | 45% |
| 41 years | 19% | 33% | 48% |
| 42 years | 18% | 31% | 51% |
| 43 years | 17% | 29% | 54% |
| 44 years | 16% | 27% | 57% |
| 45 years | 15% | 25% | 60% |
| 46 years | 14% | 23% | 63% |
| 47 years | 13% | 21% | 66% |
| 48 years | 12% | 19% | 69% |
| 49 years | 11% | 17% | 72% |
| 50 years | 10% | 15% | 75% |
| 51 years | 9% | 13% | 78% |
| 52 years | 8% | 11% | 81% |
| 53 years | 7% | 9% | 84% |
| 54 years | 6% | 7% | 87% |
| 55 years | 5% | 5% | 90% |
| Moderate Life Cycle Fund (LC-50) ( existing Life Cycle Fund) | |||
|---|---|---|---|
| Age | Asset Class E | Asset Class C | Asset Class G |
| Up to 35 years | 50% | 30% | 20% |
| 36 years | 48% | 29% | 23% |
| 37 years | 46% | 28% | 26% |
| 38 years | 44% | 27% | 29% |
| 39 years | 42% | 26% | 32% |
| 40 years | 40% | 25% | 35% |
| 41 years | 38% | 24% | 38% |
| 42 years | 36% | 23% | 41% |
| 43 years | 34% | 22% | 44% |
| 44 years | 32% | 21% | 47% |
| 45 years | 30% | 20% | 50% |
| 46 years | 28% | 19% | 53% |
| 47 years | 26% | 18% | 56% |
| 48 years | 24% | 17% | 59% |
| 49 years | 22% | 16% | 62% |
| 50 years | 20% | 15% | 65% |
| 51 years | 18% | 14% | 68% |
| 52 years | 16% | 13% | 71% |
| 53 years | 14% | 12% | 74% |
| 54 years | 12% | 11% | 77% |
| 55 years | 10% | 10% | 80% |
[Image omitted. See the official document.]
(Sumeet Kaur Kapoor) General Manager
