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.
2. 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.
3. 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.
5. 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.
6. This would be effective from 01.04.2019.
Venkateswarlu Peri
