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.
.jpeg)
.jpg)
.jpeg)
