Decision on higher exposure to equity shortly: PFRDA

PFRDA to appoint two more private fund managers to manage the non-government pension funds

Hinting at a higher exposure to equity investments for government pension funds soon, Pension Fund Regulatory and Development Authority (PFRDA) Chairman Hemant Contractor on Friday said the government was favourably inclined to the idea and likely to take a decision on raising the limit to 50 per cent from the current 15 per cent in the next couple of months.
 
“The government is sympathetic. We have had several rounds of discussions with the government in this regard and are hopeful that in the next couple of months, this will happen,” the PFRDA chairman said in response to a question