Pension Plans Broaden to Embody Gold, Silver ETFs, AIFs, and InvITs

Unlocking the movement of annual retirement financial savings value about ₹1 trillion right into a wider vary of belongings, together with different funding funds (AIFs), equities, gold and silver alternate traded funds (ETFs), infrastructure funding trusts (Invits) and Basel-III tier-I bonds issued by state-owned shadow banks, the Pension Fund Regulatory and Improvement Authority (PFRDA) has considerably liberalised its funding tips for the Nationwide Pension System (NPS). 

Chatting with Enterprise Customary, PFRDA Chairperson S Ramann mentioned the opening up of contemporary funding avenues for NPS belongings is aimed toward enhancing returns for its tens of millions of members, which embrace authorities staff employed after January 1,