NPS investment into equities touch 13pc in FY15: PFRDA
For greater returns, the stock market investment from the New Pension System (NPS) corpus rose to 13 per cent in the last fiscal, while the pension regulator PFRDA is in discussion with the government for greater tax benefits for subscribers of this scheme.
In the previous fiscal 2013-14, the total investment in equities stood at 9 per cent of the NPS corpus.
Total assets under management of the NPS currently stands at Rs 87,000 crore and 94 lakh subscribers have already been brought under its fold.