PFRDA: NPS equity investment cap to remain at 50%
The Pension Fund Regulatory and Development Authority (PFRDA) today said it favoured retaining the cap on investment in equities by the New Pension Scheme at 50 per cent, irrespective of the recommendations of the Bajpai committee.
The NPS comprises three investment categories —- G (ultra safe), C (safe) and E (medium). Of these, the E category investments are invested in equity-related products, the cap for which is 50 per cent.--
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