Core Objective of Viksit Bharat Fund
Enhance Long-Term Risk-Adjusted Returns for NPS Subscribers
The primary objective of the FoF is to improve long-term, risk-adjusted returns for NPS subscribers by:
- Investing beyond traditional listed markets by participating in high-quality alternative investments that are otherwise not easily accessible
- Capturing appropriate illiquidity premium over long horizons
- Enhancing portfolio efficiency through diversified exposure
- Ensuring better alignment between investments and long-term pension obligations
All allocations will be evaluated strictly through a fiduciary lens.
Strengthen Portfolio Diversification
The FoF aims to enhance resilience across market cycles by adding exposure to diversified mix of alternative investment strategies, including but not limited to:
- Private Equity
- Venture Capital
- Private Credit
- Infrastructure Funds
- Growth Capital
- Hybrid Strategies
Diversification will be achieved across:
Alternatives will complement — not substitute — traditional equity and debt allocations.
Maintain a Sector-Agnostic Mandate
The Viksit Bharat FoF will operate under a sector-agnostic mandate. The Fund will remain open to investments across a broad range of sectors, including but not limited to:
Capital deployment will be driven by governance standards, fund manager quality, and risk-return potential — not by sector bias.
Enable Responsible Participation in India's Growth
While subscriber interest remains paramount, the FoF seeks to facilitate prudent participation of pension savings in India's structural transformation.
Deepen domestic institutional participation in alternatives
Support capital formation in emerging and strategic sectors
Strengthen the role of long-term domestic savings in national development priorities
Financial prudence will remain the overriding consideration.
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