The Centre has asked pension regulator PFRDA to ensure that a full range of investment products, including alternate investment funds (AIFs), are made available for Indians saving for their retirement.
Although the Pension Fund Regulatory and Development Authority has done a wonderful job in establishing a low-cost platform for pensions, there is need to expand the scope of investment avenues for pension monies so that the full range of investment products are available to Indian savers, Jayant Sinha, Minister of State for Finance, said at the PFRDA’s second pension conclave here on Thursday.
“Global investment products should also be available to our savers so that they could diversify and improve the risk-reward ratio on their portfolios.
