Pension Fund recognition: HDFC Retirement Savings Fund designated under income-tax deduction provision for assessment years onward. The Central Government specifies the HDFC Retirement Savings Fund, established by HDFC Mutual Fund and registered under SEBI Mutual Fund regulations, as a Pension Fund for the purposes of the income-tax deduction provision in clause (xiv) of sub-section (2) of section eighty-C, applying to the assessment year beginning 2016-17 and subsequent assessment years; the notification takes effect upon publication in the Official Gazette and was corrected by a pre-publication corrigendum.