Wednesday, June 15, 2016

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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