NAV as on 16-Jul-2019 : LIC Pension Fund Scheme Central Govt.- 29.5112     LIC Pension Fund SG Scheme State Govt. -26.3611     NPS LITE -Govt.pattern-24.4535     LIC Pension Fund Scheme Corporate CG-19.5667    LIC PENSION FUND SCHEME E - TIER I- 19.2718    LIC PENSION FUND SCHEME C - TIER I- 18.2259    LIC PENSION FUND SCHEME G - TIER I-20.2753    LIC PENSION FUND SCHEME A - TIER I-12.367    LIC PENSION FUND SCHEME E - TIER II- 16.0919    LIC PENSION FUND SCHEME C - TIER II -16.9923     LIC PENSION FUND SCHEME G - TIER II-20.5467    LIC PENSION FUND SCHEME A - TIER II-10    LIC PENSION FUND ATAL PENSION YOJANA SCHEME- 15.0187    
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Investment Options under New Pension System:

For All Citizens and corporate scheme subscribers:

Under the investment guidelines finalized for NPS, pension fund managers will manage four separate schemes, each investing in a different asset class. The schemes and asset classes are as follows:

Asset Class E Equity market instrument
Asset Class C Fixed income instruments other than Government securities
Asset Class G Government securities.
Asset Class A Alternative Investment Schemes


The subscriber can choose between active choice and auto choice for asset allocation of their funds. In Active choice, Subscriber selects the allocation percentage in assets classes, however, in Auto choice, funds are automatically allocated amongst asset classes in a pre-defined matrix, based on the age of the subscriber.


Active Choice:

The subscriber has the option to actively decide as to how their funds are to be invested among four asset classes:

Asset Class E Equity market instrument Upto 75% of funds**
Asset Class C Fixed income instruments other than Government securities Upto 100% of funds
Asset Class G Government securities. Upto 100% of funds
Asset Class A Alternative Investment Schemes Upto 5% of funds

** Maximum equity allowed restricted to 75% till age 50 and reducing 2.5% every year thereafter. Cap for equity is 50% of contribution for subscribers aged 60 and above.

Auto Choice:

The subscriber can exercise the option of ‘Auto choice’ and the contribution will be invested in accordance with the ‘Auto choice’ option. In this option the investment will be determined by a predefined portfolio (which changes as per age of subscriber).

Depending upon the risk appetite of subscriber, there are three different options available within Auto Choice - Aggressive, Moderate and Conservative.
  • Aggressive (LC-75) – Maximum Equity exposure is 75% up to the age of 35 and gradually reduces as per the age of the subscriber
  • Moderate (LC-50) - Maximum Equity exposure is 50% up to the age of 35 and gradually reduces as per the age of the subscriber
  • Conservative (LC - 25) – Maximum Equity exposure is 25% up to the age of 35 and gradually reduces as per the age of the subscriber
The default auto choice if the subscriber is not choosing any of the above option is Moderate life Cycle Fund.

Indicative investment pattern for Moderate Life Cycle Fund (LC-50) :

At the lowest age of entry (18 years) the auto choice will entail investment of 50 % of funds in “E” Class, 30% in “C” Class and 20% in “G” Class. The ratios of investment will remain fixed for all contributions until the participant reaches the age of 36. From age 36 onwards, the weight in “E” and “C” asset class will decrease annually and the weight in “G” class will increase annually till it reaches 10% in “E”, 10% in “C” and 80 % in “G” class at age 55 as in the Table below :
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%
46years 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%


For Govt. sector schemes :

NPS funds are invested by the Pension Fund Managers in prescribed asset class as per following investment pattern:

Govt. Securities & related investments Upto a maximum of 55%
Debt Instruments & related investments Upto a maximum of 45%
Equity & related investments Upto a maximum of 15%
Asset Backed, Trust Structured and Misc. Investments Upto a maximum of 5%
Short-term Debt Instruments & related investment Upto a maximum of 10%
 
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