The Pension Fund Regulatory and Development Authority (PFRDA) on October 01, 2024, notified regarding the "Balanced Life Cycle Fund" (BLC) under the National Pension System (NPS).
The following has been stated namely: -
• The new life cycle fund i.e., "Balanced Life Cycle Fund" has been introduced for private sector subscribers (Corporate and all citizens) to provide automatic rebalancing of the asset classes as per age and risk profile of the subscriber.
• It provides the asset class-wise distribution at different ages, it states that the maximum equity allocation shall be 50% which shall taper down after the age of 45 years as compared to 35 years under existing life cycle funds.
[Circular no. - PFRDA/2024/17/PDES/02]
