The Finance Ministry is considering a proposal to raise investment limit of pension funds in stock markets to 50% and a decision is expected in a short time, PFRDAChairman Hemant G Contractor has said.
At present, the Pension Fund Regulatory and Development Authority of India (PFRDA) is allowed to invest up to 15% of the corpus into the stock market.
The hike in investment limit into the equity market is one of the recommendations of the G N Bajpai committee. The expert panel under ex-Sebi Chief was set up by PFRDA to review the investment guidelines for National Pension System (NPS) in the private sector.
At present, the Pension Fund Regulatory and Development Authority of India (PFRDA) is allowed to invest up to 15% of the corpus into the stock market.
The hike in investment limit into the equity market is one of the recommendations of the G N Bajpai committee. The expert panel under ex-Sebi Chief was set up by PFRDA to review the investment guidelines for National Pension System (NPS) in the private sector.
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