NISM Series XVII: Retirement Adviser Certification Examination Notes

Page 39 Of 110

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  • Active Choice: Allows subscribers to allocate funds across asset classes (E, C, G, A).
  • Auto Choice: Lifecycle funds adjust allocations based on age, reducing equity exposure over time.
  • Pension Funds: Manage NPS investments, adhering to PFRDA guidelines.
  • Annuity Purchase: At least 40% of the corpus must be used to buy an annuity on retirement.
  • Withdrawal Rules: Normal exit at 60 allows lump sum and annuity; premature exit has restrictions.

NISM 17 Retirement Adviser

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