Govt to allow staff to invest 50 per cent of NPS corpus in equities
Government employees who have 90% of assets under management under
the National Pension System (NPS) will soon get a choice to invest up to 50% of
their corpus in equities.
The Pension Fund Regulatory and Development Authority (PFRDA) is
making the necessary changes in NPS rules, while also simultaneously building
up investor awareness and market infrastructure.
The
government employees will also be allowed to pick up the pension fund managers
of their choice, a move aimed at fostering competition in fund management and
optimization of returns.
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