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22Jun 2024
PENSION FUND NEW CHANGES
Why in the news? Deepak Mohanty, Chairman of PENSION FUND, announced plans to introduce new life cycle fund options for NPS subscribers by September, aiming to enhance equity exposure and accommodate changing subscriber needs. Key Points: NPS age tapering will extend to 45 years from 35, with increased equity exposure adjustments. New LC75, LC50, LC25 …
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