India is home to 130 billion people and as per estimates very soon 1 in every 5 will be above the age of 60 here. To bring more people under the ambit of a structured retirement scheme and provide better financial security to individuals in later age, PFRDA has made several announcements with respect to NPS, a primary product in the category through a virtual session held few days ago.
With 38 per cent growth in AUM and 23 per cent in number of subscribers, the awareness around retirement product National Pension System is growing. To make it more attractive among individuals and investors the pension regulator suggested key changes it is willing to make very soon.
What’s there for the investor??
This story is from the May 2021 edition of Investors India.
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This story is from the May 2021 edition of Investors India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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