16th
MARCH 2017 ONE DAY STRIKE CAMPAIGN MEETING AT KANPUR (UP) ON 02.03.2017
NPS
SUBSCRIBERS ARE ALLOWED MULTIPLE CHOICE
TO CHANGE
INVESTMENT OPTION
PENSION FUND REGULATORY
AND DEVELOPMENT AUTHORITY
g-14/A. Chhatrapati Shivaji
Bhawan
Qutab Institutional Area.
Katwaria sarai. New
Delhi-110016
CIRCULAR
PFRDA/2017/8/PD/2
01 March 2017
To
All Stakeholders in the National
Pension System
Subiect: Allowing multiple choice to the subscribers/corporates to change
Investment Option and Asset Allocation Ratio during the Financial Year
1.
As per the extant guidelines, subscriber can change his/her existing Pension
Fund the investment option(Active or Auto choice) as well as asset allocation
ratio (allocation among asset class-Equity/Corporate Bonds/Government
securities/ Alternative investment ) once in a financial year. This scheme
preference is applicable to the existing pension corpus as well as to the
prospective subscriptions. Similarly in the NPS-Corporate Model where the
choice of Pension Fund and Investment Options is exercised at Corporate level.
the Corporates also have the option to change the pension fund and investment
option and also asset allocation ratio once in a financial year,
2. In
order to provide more choices in terms of investment option and asset
allocation, the following has been decided:
(i) The
subscribers/corporates will have the choice for change of the investment option
(Active or Auto choice) as well as asset allocation ratio (allocation among
asset class-Equity/Corporate Bonds/Government Securities/ Alternative
Investment) two times in a financial year.
This
scheme preference will be applicable to the existing pension corpus as well as
to the prospective subscriptions, The option will be available separately for
Tier I and Tier accounts,
(ii) The
choice Of change Of pension Fund shall remain once in a financial year.
4. The
changes will come into effect from 01st April 2017.
Yours faithfully
(AkhleSh Kumar)
Deputy General Manager
Authority: http://www.pfrda.org.in/
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