Pension Fund Regulatory and Development Authority (PFRDA) has allowed pension-fund providers to charge an investment management fee of up to 0.09 per cent. Earlier, the fee was fixed at 0.01 per cent but now, a slab system has been introduced based on aggregate assets under management (AUM) of the pension fund under all schemes, with an upper ceiling being charged as an investment management fee (see the table 'The new slab system').
Amfi stock classification: Multibaggers BHEL, NHPC, 5 more stocks to likely turn largecaps
Read More
