LIC PFL NPS Growth Plus Tier I, launched under the Multiple Scheme Framework (MSF), is crafted for subscribers who aim for accelerated long-term growth through a predominantly equity-oriented portfolio. With the flexibility to allocate up to 100% of contributions to equities, this scheme is ideal for individuals with a higher risk appetite who want to maximize wealth creation over the long run.

Risk Category: High

For new subscribers of the scheme    for existing subscribers of the scheme

Subscriber Type Description Actions
New Subscribers For new subscribers of the scheme
Existing Subscribers For existing subscribers of the scheme
  1. Asset Allocation
    Asset Class Indicative Allocation (% of AUM)
    Equity and Equity related instruments Up to 100%
    Alternate Investment Fund 0% to 5%
    Short term debt instruments and related instruments 0% to 10%
  2. Investment Strategy
    • Focus on large-cap/mid-cap companies: Investing in established, dominant companies with strong balance sheets and management.
    • Quality companies: Prioritizing businesses with sustainable long-term growth potential and a good corporate governance track record.
    • Diversification: Creating a diversified portfolio across industries and sectors.
    • Volatility Management: Controlling volatility through exposure to ETF (Gold, Silver) and AIF.
    • Liquidity Management: Maintaining up to 10% in cash/liquid instruments for redemptions & operations.
  3. Suitable For
    • Corporate employees (with employer co-contribution).
    • Self-employed professionals / entrepreneurs seeking high-return retirement solutions.
    • Young workforce in digital economy & services sector with higher risk appetite.
  4. Risk Factors
    • Market Risk: High sensitivity to stock market fluctuations.
    • Liquidity Risk: Market downturns may reduce liquidity in equity holdings.
  5. Vesting Provisions

    Minimum vesting period of 15 years, subject to option to exit at age 60 or at the time of retirement.

  6. Switching Provisions
    • Subscribers may switch only to Common Schemes, not to another Section 20(2) scheme.
    • Common Schemes: Auto Choice, Active Choice & Balanced Life Cycle.
    • Switching to Section 20(2) schemes permitted only after completing 15-year vesting period or on normal exit.
  7. Exit Options

    Exit, withdrawal, and annuitization shall follow PFRDA (Exits & Withdrawals under NPS) Regulations.

  8. Winding up of the Scheme
    • If the scheme is wound up, subscribers may migrate to any Common or Section 20(2) scheme.
    • Subscribers not exercising a choice will be migrated to Tier I under Auto Choice LC 50.
  9. Fee & Charge Structure
    • Total charges: Up to 0.30% of AUM annually.
    • Other Charges: Custodian, CRA and NPS Trust charges as prescribed by PFRDA.
  10. Risk Assessment and Disclosure
    • Subscribers will be informed of market volatility risks and potential drawdowns.
    • LIC PFL will maintain a risk-management framework to prevent mis-selling.
  11. Net Asset Value (NAV) Disclosure

    NAV shall be calculated and disclosed regularly as per PFRDA guidelines.

    NAV will be published on the PFM’s website and other platforms mandated by PFRDA.

  12. Minimum Contribution (Application/Subsequent) Initial Contribution:

    Minimum ₹500 and thereafter multiples of ₹100.

    Subsequent Contribution:

    Monthly SIP: ₹100 (in multiples of ₹100) — minimum ₹1,000 yearly.
    Lumpsum: ₹500 (in multiples of ₹100) — minimum ₹1,000 yearly.