EQUITY CAP FOR PENSION FUNDS TO STAY AT 50%

The pension fund regulator (Pension Fund Regulatory Development Authority) has said that it will not review the 50% cap prescribed for investing the public's savings in equities under the New Pension Systems (NPS). The regulator will wait for a year before it reviews the investment norms for the fund managers appointed under the New Pension Scheme. In the US, equity exposure is allowed in the range of 50-70%.