India NPS restricts investment options

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INDIA - India's New Pension Scheme (NPS) will initially allow members just two investment options - government securities alone or a 15/85% split between equities and fixed income.

Speaking at the annual Financial Planning Convention in Mumbai, D. Swarup, chairman of the Pension Fund Regulatory and Development Authority ( PFRDA) revealed details of the NPS, which is due to be...

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