New Pension Policy: PFRDA To Maintain 50% Cap On Equity Investment

Quote.com Friday 3rd June, 2011

(RTTNews) - Addressing the 26th Skoch Summit Thursday in Mumbai, Pension regulator Pension Fund Regulatory and Development Authority or PFRDA Chairman Yogesh Agarwal said the agency would like to maintain the 50 per cent limit on investment in equities for the new pension fund, irrespective of the recommendation of the Bajpai committee, reports said.He said at the current stage of pension market in the country, investing more than 50 per cent in equities was not going to be fair to investors in terms of the risk that has to be taken, and therefore, the agency had inclined to retain the cap at 50 per cent.The Bajpai Committee, headed by former Securities and Exchange Board of India (SEBI) Chairman, G.N. Bajpai, has been entrusted with the task of analyzing the fee structure and sugges...

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