‘PFRDA plans to lift 75% equity cap on NPS Tier II’4 min read 15 Mar 2022, 01:20 AM IST
We are removing the automatic taper of equity exposure for subscribers who cross 50 years of age, says Supratim Bandyopadhyay, Chairman, PFRDA
The 75% limit on equity under NPS (National Pension System) Tier II will be raised to 100% once the board approval comes through, reveals Supratim Bandyopadhyay, chairman, Pension Fund Regulatory and Development Authority (PFRDA), in an interview to Mint. Those opting for 75% equity in Tier I (active choice) too, will no longer have to pare their equity component once they cross 50 years of age. Edited excerpts.
Select your Category