Pension fund regulator PFRDA will launch two new schemes with aggressive and conservative options of investing up to 75 per cent of funds in equity by subscribers in a months' time.
"We will launch two life coverage schemes with aggressive and conservation investment options in equity in a months time," Pension Fund Regulatory and Development Authority Chairman Hemant Contractor said.
Under aggressive investment options, the subscribers would be allowed to start with up to 75 per cent investments of their deposits into equity which will be reduced over a period of time as their age increases, he said.
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