PFRDA to allow investment up to 75% in Equity

NEW DELHI: Pension fund regulator PFRDA will launch two new schemes with aggressive and conservative options of investing up to 75% 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 options, the subscribers will be allowed to start with up to 75% investments of their deposits into equity which will be reduced as their age increases, he said.