Govt staff may soon get to choose equity-debt mix in NPS investments

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Government staff has to mandatorily choose between the three pension fund managers promoted by PSUs: LIC, SBI and UTI AMC. Government staff has to mandatorily choose between the three pension fund managers promoted by PSUs: LIC, SBI and UTI AMC.
SummaryStaff enrolled in National pension system may soon get freedom to opt for higher equity exposure.

in G-Secs and state government securities.

Since the start of NPS in 2004, the subscriber base has increased to 52.8 lakh as 26 states and over 800 corporates joined the scheme. The NPS corpus has grown from just R2,277 crore in 2008-09 to R34,965 crore by the end of August 2013.

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