Published 26th June 2024
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NPS subscribers will soon have a new investment option. As per reports, PFRDA chair recently announced that a Balanced Life Cycle Fund will be launched in July-August, 2024.
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The new option will allow subscribers to allocate their investments equally in half between equity & debt and maintain this allocation up to the age of 45 years.
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The equity allocation (50%) will begin tapering after subscribers turn 45, unlike the current limit of 35 years in other existing schemes.
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How will the new option fare against existing schemes? Will it lead to a bigger corpus? Will it be better than the active option? To find out, read our story from the link below.
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