India’s pension regulator is looking to widen investment options for private pension funds to drive better returns for subscribers, after it permitted fund houses to launch customised pension schemes earlier this month.
The regulator is considering allowing pension funds to invest in gold and silver exchange-traded funds, venture capital funds, private credit, and alternative investment funds (AIFs), S. Ramann, chairperson of the Pension Fund Regulatory and Development Authority, said in an interview on Friday.
“It is imperative that public policy pushes towards making sure people get a good return from market instruments such that their own individual saving corpus becomes reasonably adequate,” Ramann said.