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PFRDA spices up pension fund rules for sizzling returns

PFRDA spices up pension fund rules for sizzling returns

Listen up! The PFRDA just cranked up the heat on pension funds in India, allowing them to dive into the top 250 stocks and gold/silver ETFs. Why? To boost returns and diversify like a chef with a spice rack! With 15.78 trillion rupees in assets and a target of 300 million subscribers by 2030, it’s time to cook up some serious investment magic. Don’t mess it up!

Quick rundown

  1. India's pension regulator updates investment rules.
  2. Pension funds can now invest in top 250 stocks by market cap.
  3. New rules allow investments in gold and silver ETFs.
  4. Changes aim to make pension funds more popular and diverse.
  5. Regulator targets expanding subscriber base to 300 million by 2030.

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