It also puts banks in the same arena as existing pension fund managers that have dominated NPS asset management. The detailed criteria will be notified separately and will apply to both new and existing pension funds, it said. The PFRDA oversees more than $177 billion of NPS assets and there are 10 registered pension funds, Reuters reported. It said the investment management fee is currently charged on slabs and ranges from 0.03% to 0.09%. The regulator has also moved to widen investment choices, including allowing exposure to gold and silver exchange-traded funds — funds that trade on an exchange like a stock — and alternative investment funds, which typically include private equity-style vehicles.

Source: The Telegraph January 03, 2026 20:31 UTC