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Let's start with Auto Choice. As the name goes, it's a very passive way of investing in NPS for subscribers who do not understand what of an asset they want in their scheme. They can actually for an Auto Choice in which there are three life-cycle funds, there are three phases of life-cycles according to which your portfolio will keep changing. , Personal Finance News, Times Now
नयी दिल्ली, 29 अगस्त (एजेंसी) राष्ट्रीय पेंशन प्रणाली (एनपीएस) से 65 साल की उम्र के बाद जुड़ने वाले अंशधारकों के लिए इसे और आकर्षक बनाया गया है। इसके तहत ऐसे लोगों को अपने 50 फीसदी तक कोष को इक्विटी
However, for subscribers joining the retirement plan beyond the age of 65 years, the maximum equity exposure will be capped at 15% to invest under the default 'Auto Choice' option.
The Pension Fund Regulatory and Development Authority (PFRDA) has revised the guidelines on entry and exit following an increase in the maximum age for joining the NPS from 65 year to 70 years of age