Pension fund regulatory body PFRDA will invest up to 2 per cent of the corpus of the private sector pension plans into alternative investment fund schemes in order to bolster the returns to subscribers.
"We are constantly looking at various ways of investment so that we can bolster the return we offer to our subscribers," PFRDA Chairman Hemant G Contractor said today.
"And after a great deal of deliberations internally and after approval by board... We will be able to invest up to 2 per cent of the corpus of the private sector pension plans in alternative investment fund. So after board approval, we are rolling it out," Contractor told reporters here.
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