NPS investment update: Scheme A merging with C and E — what Tier I subscribers should know

The PFRDA is merging NPS Scheme A (alternate assets) with Schemes C (corporate bonds) and E (equities) to modernize its investment framework. This move aims to enhance diversification, improve risk-adjusted returns, and increase liquidity for subscribers. Existing Scheme A subscribers have until December 25, 2025, to switch their accumulated corpus to other asset classes without additional cost.