New Delhi, Sept. 29 -- The National Pension Scheme's spin-off for children, known as the NPS Vatsalya Scheme, allows parents to open and operate an account for their minor child, till such time that the sole beneficiary attains majority at 18 years of age.

Launched in September 2024, it is regulated and administered by the Pension Fund Regulatory Authority of India (PFRDA) and allows parents to secure their child's financial future.

- Conservative Life Cycle Fund (LC25),

- Moderate Life Cycle Fund (LC50 - Default),

- Aggressive Life Cycle Fund (LC75).

- Equity (E): Maximum 75%

- Corporate Bonds (C): Up to 100%

- Government Securities (G): Up to 100%

- Alternate Assets (A): Maximum 5%

- Contributions under the scheme can be made b...