Regulator to raise cap on fee of fund managers; AUM of pension funds increases by 35% to Rs 5.5 trillion
He tells Indivjal Dhasmana there is no turf war between PFRDA and the Insurance Regulatory and Development Authority (Irdai)
Investors continue to pull out funds with markets making new highs, say industry players
According to people in the know, the PFRDA is expecting some of these changes to be introduced by the Centre in the upcoming Budget itself
Withdrawal of units from the portfolio in a falling market can lead to sharp erosion in its value from which recovery could prove difficult