INVESTMENT NORMS FOR NPS FINALISED

Paving the way for the New Pension Scheme (NPS) the Pension Fund Regulatory and Development Authority (PFRDA) has announced investment guidelines for contributory plans. PFRDA has appointed State Bank of India, UTI, IDFC, ICICI Prudential Life Insurance, Kotak Mahindra and Reliance Mutual Fund as fund managers for NPS.