PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY
B-14/A, Chhatrapati Shivaji Bhawan,
Qutab Institutional Area,
Katwaria Sarai, New Delhi-110016.
Ph: 011-26517501, 26517503, 26133730
Fax: 011-26517507
Website : www.pfrda.org.in
CIRCULAR
PFRDA/2019/8/SUP-PF/2
Date: 25.03.2019
Subject: Amendment to the investment Guidelines (Applicable to
Scheme CG, Scheme SG, Corporate CG and NPS Lite schemes of NPS and Atal
Pension Yojana)
Reference is invited to the Investment Guidelines for NPS Schemes
(Scheme CG, Scheme SG, Corporate CG and NPS Lite schemes of NPS and Atal
Pension Yojana) dated 3rd June 2015 issued vide circular no.
PERDA/2015/16/PFM/7, the Change in Investment guidelines
for NPS schemes W.r.t. Investment in equity Mutual funds vide circular
no. PERDA/2018/56/PF/2 dated 20th August 2018 and Revised rating
criteria for investments under NPS Schemes vide circular No.
PERDA/2018/02/PF/02 dated 08.05.2018. The changes hereunder
shall apply only to Scheme CG, Scheme SG, Corporate CG and NPS Lite
schemes of NPS and Atal Pension Yojana.
In order to provide flexibility to the Pension Funds to improve the
scheme performance depending upon the market conditions, it has been
decided to increase the cap on Government Securities & related
investments and Short term debt instruments & related
investments by 5% each.
The asset class wise revised caps on the various asset classes are as under:
Asset Class Caps on Investments for composite schemes
Government Securities & related investments
Upto 55%
Debt Instruments & related investments
Upto 45%
Equity ‘& related investments Upto 15%
Asset backed, trust structured etc. Upto 5%
Short term debt instruments & related investments
Upto 10%
4.The other terms and conditions as mentioned in the circular
PERDA/2015/16/PFM/7 dated 03.06.2015, circular no. PERDA/2018/56/PF/2
dated 20th August 2018 and circular No. PFRDA/2018/02/PF/02 dated
08.05.2018 shall remain the same.
This circular is issued in exercise of powers of the Authority
under sub-clause (b) of the sub-section (2) of section 14 of Pension
Fund Regulatory and Development Authority Act, 2013 read with regulation
14 and 43 of PFRDA (Pension Fund) Regulation, 2015.
This would be effective from 01.04.2019.
Venkateswarlu Peri
(Chief General Manager)
