PFRDA Opens Doors For New Pension Funds | Big Story

Pension Funds Regulatory and Development Authority or PFRDA's circular on FDI in pension funds may soon pave the way for a new round of licensing for pension fund managers. So far there has been a lack of clarity on the FDI which delayed the issue of a fresh request for proposals and kept the industry stuck in the old license regime with fees capped at low levels. The circular also includes direct and indirect ownership within the limit for calculations but carves out an exception for banks and public financial institutions such as LIC and UTI. What more PFDRA's circular has for pension fund managers? Find out in this edition of Big Story.
https://www.moneycontrol.com/news/bus...

Follow us:
Website: https://www.moneycontrol.com/
Facebook:   / moneycontrol  
Twitter:   / moneycontrolcom  
Instagram:   / moneycontrolcom  

#moneycontrol