Pension funds allowed to invest in gold, silver ETFs

WIDER EXPOSURE

- FE BUREAU

TO BOOST RETURNS from the retirement corpus under the National Pension System (NPS) and Unified Pension System (UPS), the Pension Fund Regulatory and Development Authority (PFRDA) has allowed pension fund managers (PFMs) to expand the investment universe to include gold and silver exchange traded funds and expand investment to the top 250 listed firms from 200 for equity exposure.

The pension regulator issued revised investment guidelines for both the government sector and the non-government sector on Wednesday to further align the norms with subscriber appetite for higher returns while balancing the risks.