National Pension System (NPS) subscribers will now see major changes in how pension funds are named, classified and presented with the Pension Fund Regulatory and Development Authority (PFRDA) introducing a standardised framework to make scheme selection better. As per new changes underlined in a PFRDA circular dated August 28, 2026, there will be five types of NPS schemes where lifecycle schemes will be sub-categorised into four schemes, while Multiple Scheme Framework (MSF) schemes will be classified into five categories- from aggressive growth to debt based on their equity exposure.
While maximum permissible allocation limit under Active Choice will be from 75% to 100%, NPS Sanchay will have the maximum permissible allocation of 5%-65%.
