Aggressive & Balanced Life Cycle Funds Now Available to Eligible CAB Employees Covered under NPS

The Government of India has extended two additional investment choices under the National Pension System (NPS) to employees of Central Autonomous Bodies (CABs) covered under NPS.

The Office Memorandum - F. No.1(3)/EV/2020 dated 1^st July 2026 issued by the Department of Expenditure, Ministry of Finance, extends the applicability of the Department of Financial Services Notification dated 13 November 2025 to employees of Central Autonomous Bodies covered under NPS. The said notification had earlier introduced the Additional Investment Choices, namely the Aggressive Life Cycle Fund (LC-75) and the Balanced Life Cycle Fund (BLC), for the Central Government employees covered under NPS. These investment options have now been extended to NPS subscribers employed in CABs. With this extension, eligible employees of Central Autonomous Bodies will now have choice to the following additional investment options under NPS:

1. Aggressive Life Cycle Fund (LC-75) now named as LC-75-High: An investment option with equity exposure of up to 75%, designed for subscribers seeking higher growth potential over the long term.
2. Balanced Life Cycle Fund (BLC) now named as Aggressive Life Cycle Fund: An investment option with equity exposure capped at 50%, with a gradual reduction in equity allocation beginning from the age of 45 years, offering a balanced approach between growth and stability.

The extension of these investment choices aims to provide greater flexibility for NPS subscribers in Central Autonomous Bodies, enabling them to align their pension investments with their individual risk appetite, financial goals, and retirement planning requirements. These choices further strengthen subscriber choice and enhance the attractiveness of the National Pension System for employees covered under NPS across Central Autonomous Bodies.

Administrative Ministries and Departments may inform the CABs under their administrative control about the availability of the aforesaid investment choices and advise them to disseminate this information among eligible NPS subscribers so that they may avail themselves of the facility.

The aforesaid investment choices shall be made available in the Central Recordkeeping Agency (CRA) system.

NPS investment flexibility expands as additional life cycle fund choices are extended to eligible Central Autonomous Body employees. Additional NPS investment choices have been extended to employees of Central Autonomous Bodies covered under the National Pension System. The earlier notification introducing two life cycle funds for Central Government employees is now made available to eligible CAB employees under revised names and investment parameters. The choices provide greater flexibility in pension investment and are to be disseminated by administrative authorities and implemented in the Central Recordkeeping Agency system.