Govt may hike FDI limit in pension sector to 74%; Bill likely in monsoon session
SECTIONS
Last Updated: Apr 11, 2021, 01:15 PM IST
Share
Synopsis
Amendment to Pension Fund Regulatory and Development Authority (PFRDA) Act, 2013 seeking to raise FDI limit in the pension sector may come in the monsoon session or winter session depending on various approvals, sources said.
Currently, the FDI in the pension fund is capped at 49 per cent.
The government may hike foreign direct investment (FDI) limit in the pension sector to 74 per cent and a Bill in this regard is expected to come in the next Parliament session, according to sources.
Govt may hike FDI limit in pension sector to 74%; Bill likely in monsoon session indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Irdai eases rules to allow insurers to invest in startups via fund of funds
SECTIONS
Last Updated: Apr 10, 2021, 02:58 AM IST
Share
Synopsis
The Irdai s move comes as a major fillip to scores of startups looking for alternative modes of financing, other than foreign private equity and venture capital funds.
ETtech
India’s insurance regulator has eased the rules for local insurers investing in domestic fund of funds, including those which back startups.
Mumbai: India s insurance regulator has eased the rules for local insurers investing in domestic fund of funds (FoF), including in those which back startups.
The Insurance Regulatory and Development Authority of India’s (Irdai) move comes as a major fillip to scores of startups looking for alternative modes of financing, other than foreign private equity and venture capital funds. It will also allow Indian insurance companies to widen their portfolios from conservative avenues of investment such as government bonds and pub
Exclusive content, features, opinions and comment - hand-picked by our editors, just for you.
Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
Track the industry of your choice with a daily newsletter specific to that industry.
Stay on top of your investments. Track stock prices in your portfolio.
NOTE :
This product is a monthly auto renewal product.
Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
To cancel, communicate from your registered email id and send the mail with the request to assist@bsmail.in. Include your contact number for easy reference. Requests mailed to any other ID will not be acknowledged or actioned upon.
1 dated March 15, 2021 (“
Notification”), introduced a significant amendment in the investment regime for Non-Government Provident Funds, Superannuation Funds and Gratuity Funds (together referred herein as “
Provident Funds”). Vide the notification issued by the Ministry of Finance, Department of Financial Services, such private Provident Funds have been permitted to invest their funds into units of Category I and Category II Alternative Investment Funds (“
AIFs”), in accordance with the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012 (“
AIF Regulations”). However, the Notification does stipulate certain restrictions and thresholds, while opening up the avenue of investing in AIFs for such Provident Funds.