The National Pension System (NPS) has launched a new framework called the Multiple Schemes Framework (MSF). Until now, each pension fund manager could only run one common scheme in every asset class. Now, they can launch multiple schemes, each with its own strategy, risk level, and asset mix. This means savers can pick plans that lean more into equity, debt, or a blend of both, depending on their comfort.

New launches from fund managers

A few fund houses have already introduced fresh schemes under this setup. UTI Pension Fund has brought in a Wealth Builder plan that allows equity exposure of up to 100 percent, though only in the top 200 companies by market cap. HDFC has rolled out Surakshit Income Fund (Tier-2) that caps equity at 25 percent and leans heavily on bonds. ICICI’s My Family

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