{"id":106101,"date":"2018-05-05T23:49:42","date_gmt":"2018-05-05T23:49:42","guid":{"rendered":"http:\/\/151.106.38.4\/2018\/05\/05\/nps-equity-investment-cap-raised-to-75-percent\/"},"modified":"2018-05-05T23:49:42","modified_gmt":"2018-05-05T23:49:42","slug":"nps-equity-investment-cap-raised-to-75-percent","status":"publish","type":"post","link":"https:\/\/nagalandpost.net\/index.php\/2018\/05\/05\/nps-equity-investment-cap-raised-to-75-percent\/","title":{"rendered":"NPS equity investment cap raised to 75 percent"},"content":{"rendered":"<p><img src=\/old_site\/><\/p>\n<div><span style=\"font-size: 13.3333px;\">Private sector subscribers of National Pension System can now opt for investing up to 75% in equities as the Fund Regulatory and Development Authority (PFRDA) has approved increasing cap on equity investment in \u2018active\u2019 choice from 50%. More equity investments could give impetus to the stock market.<\/span><\/div>\n<div><span style=\"font-size: 13.3333px;\">\u201cPresently there is a cap of 50% on equity investment under active choice in NPS. The proposal on increasing the cap on equity investment in the active choice to 75% from current 50% has been approved by the Board,\u201d the PFRDA said in a statement. Currently, NPS and APY have a cumulative subscriber base of over 2.13 crore with total Asset Under Management (AUM) of more than Rs. 2.38 lakh crore.<\/span><\/div>\n<div><span style=\"font-size: 13.3333px;\">NPS offers subscribers to design their own portfolio based on two investment options: Auto Choice and Active Choice. However, the decision to raise the cap came with a clause of tapering of the equity allocation after the age of 50 years.<\/span><\/div>\n<div><span style=\"font-size: 13.3333px;\">The PFRDA also allowed partial withdrawals from the fund for studies or business. \u201cPartial withdrawals will now be allowed to NPS subscribers who wish to improve their employability or acquire new skills by pursuing higher education\/ acquiring professional and technical qualifications,\u201d the pension authority said.<\/span><\/div>\n<div><span style=\"font-size: 13.3333px;\">Partial withdrawals for setting up a new business and acquiring a new business will also be allowed by individual NPS subscribers. The board also approved the proposal to change the investment grade rating from \u2018AA\u2019 to \u2018A\u2019 for corporate bonds.<\/span><\/div>\n<div><span style=\"font-size: 13.3333px;\">NPS earlier known as New Pension Scheme (NPS) was launched in January 2004 and in the initial phase covered the new entrants to the central government services as well as state government and central autonomous bodies. NPS was extended to all citizens of India in May 2009.<\/span><\/div>\n<div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Private sector subscribers of National Pension System can now opt for investing up to 75% in equities as the Fund Regulatory and Development Authority (PFRDA) has approved increasing cap on equity investment in \u2018active\u2019 choice from 50%. More equity investments could give impetus to the stock market. \u201cPresently there is a cap of 50% on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-106101","post","type-post","status-publish","format-standard"],"_links":{"self":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/106101","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/comments?post=106101"}],"version-history":[{"count":0,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/106101\/revisions"}],"wp:attachment":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/media?parent=106101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/categories?post=106101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/tags?post=106101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}