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11 Mar, 2015 09:12 PM

NPS: Govt staffers may go for higher equity exposure

NPS: Govt staffers may go for higher equity exposure
Breaking away from the traditional pension fund management system for government employees, the Pension Fund Regulatory and Development Authority (PFRDA) is planning to provide them with a variety of investment options where they can park their funds, including a choice to deploy 50 per cent of their contribution into equities. This will be a marked change from the current default scheme that allows up to 15 per cent of contribution to be invested into equities.
Whole-time member (Finance) of PFRDA, RV Verma, said that the authority is looking to migrate to a situation where the subscriber (a government employee) of the National Pension System (NPS) will be able to choose the investment options.

“We have taken the proposal to our board and its views are being reviewed. The idea is that if a subscriber can make a decision then why not give him/her the option. Those who can take a decision on their investments and can read the markets should not be deprived of the option of getting a better yield on their investments,” said Verma.

Read full at http://indianexpress.com/article/business/business-others/nps-govt-staffers-may-go-for-higher-equity-exposure/



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