New Delhi, December 2nd, 2025 : In a landmark initiative to promote inclusive financial security
for Indian families, ICICI Prudential Pension Funds Management Company
Ltd. (ICICI PFM) announced the launch of its latest offering under the
National Pension System (NPS), ‘My Family My Future’. The new
scheme was unveiled during the NPS Diwas Conference on ‘Inclusive
Pensions, Innovative Solutions: Strengthening Retirement Security in India’
organised by the Pension Fund Regulatory and Development Authority
(PFRDA), in the august presence of Union Finance Minister Smt.
Nirmala Sitharaman.
Designed especially for women, homemakers, and
parents, this pioneering pension solution under the Multiple Scheme
Framework (MSF) aims to empower families to build long-term, disciplined
savings that secure their loved ones’ future milestones, from education and
marriage.
Empowering Families through Financial Discipline
At the launch, Mr Sumit Mohindra, CEO of
ICICI PFM, highlighted the vision behind the initiative:
“My Family My Future is more than just a pension
plan; it’s a step towards empowering women and families to take control of their
financial destiny. It encourages disciplined savings, offers flexibility
through smart asset allocation, and ensures a sustainable income stream for the
family’s future.”
This innovative scheme bridges the gap between
traditional savings instruments and modern investment needs by combining market-linked
growth with long-term financial stability under the trusted NPS
framework.
Smart Asset Allocation for Growth and Stability
The My Family My Future scheme offers a diversified
mix of asset classes designed to balance growth and safety:
- Equity: 50–85%
- Debt: Up to 50%
- Alternate
Assets: Up to 5% - Money
Market Instruments: Up to 10%
This balanced allocation offers the opportunity
for inflation-beating returns while maintaining prudent
risk management, enabling families to grow their wealth with confidence.
Key Features and Highlights
- Tailored
for women, homemakers, and parents seeking a
secure second income post-vesting. - Vesting
period: 15 years or until age 60 (whichever is
earlier). - Flexible
withdrawal: Allowed post-vesting, at age 60,
or upon retirement. - Switching
options: Flexibility to move between schemes
after vesting. - Low-cost
and transparent structure: Fund management
fees and distribution charges capped at 0.30%. - Regulatory
oversight: Managed under PFRDA guidelines,
ensuring strong governance and transparency.
Championing Women’s Financial Empowerment
The scheme’s distinct women-centric design recognises
the role of mothers and homemakers as financial anchors of Indian households.
By encouraging small, consistent investments, it enables women to build
financial independence and long-term security for their families.
“We are proud to launch a plan that resonates
with the aspirations of modern Indian women, who not only manage today’s
household finances but also shape tomorrow’s financial resilience,” added Mr Mohindra.
Industry Perspectives
The financial fraternity has welcomed this launch as a
significant innovation in India’s evolving pension landscape.
“My Family My Future scheme introduces much-needed
flexibility and inclusivity to pension planning. It aligns well with India’s
growing focus on long-term family-oriented financial solutions.”, Sr. Partner at EY India, remarked.
“The plan’s design balances growth with protection,
offering families a dependable tool for intergenerational financial security.” Head, National Pension System, KFin Technologies, added,
Availability and Access
Enrolment into My Family My Future is
seamless through ICICI PFM’ digital and branch networks.
Subscribers can select investment portfolios tailored to their risk appetite
and manage them conveniently through online dashboards and advisory support.
A Commitment to Inclusive Retirement Security
With My Family My Future, ICICI PFM reaffirms its
commitment to fostering financial inclusion, women’s
empowerment, and retirement readiness in line with PFRDA’s
mission to strengthen India’s social security ecosystem.
To know more about the plan, please visit: https://www.iciciprupension.com/
About ICICI Prudential Pension Funds Management
Company Ltd.
ICICI Prudential Pension Funds Management Company
Ltd. is one of India’s leading pension fund managers under the National Pension
System (NPS), managing retirement assets with a strong focus on transparency,
innovation, and investor trust. With a legacy of disciplined investment and
risk management, the company aims to empower individuals and families to
achieve long-term financial freedom.
