NPS: What will the new Balanced Life Cycle Fund offer?

National Pension Scheme (NPS) subscribers will soon have a new string to their bow. A new NPS investment scheme, the Balanced Life Cycle Fund, will likely launch between July and August, according to PFRDA chairman Deepak Mohanty, as quoted in media reports. The new automatic option will allow subscribers to keep 50 per cent of their investments in equity funds for a longer period of up to 45 years, higher than the current limit of 35 years offered in other existing schemes.

This article was originally published on June 25, 2024.