Are you wondering how to change equity allocation in NPS?
For that, you can opt for the option to change your scheme preference, through which you can indicate your preference by mentioning the ratio through which your contribution will get invested.
For updating scheme preference details in one’s NPS account, a subscriber can go through these below-mentioned steps:
Step 1: Firstly, subscribers should log in to the subscriber portal of NPS. The login ID here would be their Permanent Retirement Account Number.
Step 2: Now, they must click on the “Transact Online” tab and select the “Change Scheme Preference” option.
Step 3: The third step involves choosing a type of account – Tier I or Tier II, and selecting the desired scheme, either an active choice or auto choice. In the auto choice option, one can make a choice between moderate, conservative, or aggressive auto choice. If subscribers select the active choice option, the percentage for asset allocation would also be indicated across the classes of assets.
Wondering whether there are NPS scheme preference change charges?
Yes, a transaction charge applies to such a change by CRA providers at standard rates, which the PFRDA approves.