The Pension Fund Regulatory and Development Authority (PFRDA) recently launched a new investment option under the National Pension System (NPS) designed to provide flexibility and higher growth potential with equity investments. What is the name of this new plan?

Correct option is C

The Pension Fund Regulatory and Development Authority (PFRDA) launched the Balanced Life Cycle Fund (BLC) as a new investment option under the National Pension System (NPS).
· Equity Allocation:
· Allows subscribers to allocate up to 50% of their investments into equities until the age of 45.
· Gradual Risk Reduction:
· Equity allocation decreases progressively after 45 to minimise risk.
· Automatic Rebalancing:
· Automatically adjusts the mix of equity (Asset Class E), corporate bonds (Asset Class C), and government bonds (Asset Class G) based on the subscriber's age.
· Key Advantage:
· Offers flexibility and higher growth potential during prime working years while balancing risk nearing retirement.