(1) The pension fund shall manage schemes as notified by the Authority on such terms and conditions and in accordance with such norms of management of corpus of pension fund, including investment guidelines as approved by the Authority from time to time.
(2) No pension fund shall, directly or indirectly invest outside India, the funds of subscribers.
(3) There shall not be any implicit or explicit assurance of benefits except under market based guarantees mechanism to be purchased by the subscriber.
(4) The subscriber, seeking minimum assured returns, shall have an option to invest his funds in such schemes providing minimum assured returns as may be notified by the Authority;
(5) The pension fund shall provide the subscriber an option of investing upto one hundred per cent of his funds in the Government securities.