NPS Could Offer Option To Invest Up To 75% Of Your Money In Stocks

NPS Could Offer Option To Invest Up To 75% Of Your Money In Stocks
NPS: One proposal under consideration is to boost the limit for private sector employees to 75 per cent

India's $2.3 trillion equity market has surged in recent years, and is about to get a new endorsement - from the nation's pension regulator. "We are pressing the government to increase the equity proportion for government employees, and expect a favorable response very soon," from the Finance Ministry, Hemant Contractor, chairman of the Pension Fund Regulatory and Development Authority, said in an interview. The PFRDA has called for a bump to 50 per cent, from 15 per cent - to match the maximum for private-sector pensions overseen by its National Pension System arm.

India's equity culture may also get a boost from a stewardship code to be rolled out for the country's fund managers to push for corporate-governance best practices. The PFRDA, along with India's insurance and securities regulators, is pursuing the new code, Mr Contractor said in New Delhi Friday.

Employees' Provident Fund Organization
NSE Nifty 50 Index
(Hemant Contractor, chairman of the Pension Fund Regulatory and Development Authority, has headed the pension regulator since 2014.)NPS
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