November 22, 2015

FinMin considers allowing more pension funds in equities

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.

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