The National Pension System (NPS) is set for a major overhaul in the weeks to come. For one, amendments to the Pension Funds Regulatory and Development Authority (PFRDA) Act are awaiting parliamentary approval. This will result in separation of PFRDA and the NPS Trust.
This apart, investment management charges are set to increase as is the number of pension fund managers. The pension regulator has already permitted pension fund managers to invest in IPOs, FPOs and offers-for-sale to offer a broader range of investment options to NPS subscribers. The FDI limit in pension fund management has been raised from 49 percent to 74 percent.
To understand the rationale behind these major changes and what they mean for NPS subscribers, we are joined by PFRDA chairman Supratim Bandyopadhyay. Tune in to Simply Save for this exclusive interview.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
