FDI LIMIT IN NPS FUND MANAGERS HIKED TO 74%

FDI LIMIT IN NPS FUND MANAGERS HIKED TO 74%

  • The government notified a hike in the foreign direct investment limit in pension fund management to 74% from 49% under the national pension system (NPS).
  • This step is opening doors for experienced foreign partners in this space and facilitating more competition in the fledgling segment.
  • Pension Fund Regulatory &Development Authority (PFRDA) Act links the FDI ceiling in the insurance sector.
  • Many companies need capital for their expansion and due to the increase in FDI limit, they will get more money.
  • Existing fund holders will also be able to sell their excess stake.
  • Foreign companies will be able to provide new products, technology.
  • Help in increasing the reach of pensions.

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