India’s pension fund regulator has allowed banks ‍to sponsor pension funds that will manage monies ​under the National Pension System (NPS), ‌in a bid to bolster ​competition in the sector. Some existing pension funds have ties to financial institutions, ‍including banks. The evolution of pension reforms in IndiaAt present, there are 10 registered pension funds with the PFRDA. In December last year, the PFRDA allowed NPS subscribers to invest in gold and silver exchange-traded funds, the Nifty 50 index, and Alternative Investment Funds. The regulator also revised ⁠the Investment Management Fee structure for pension funds starting April 1, 2026, ​according to the latest release.

Source: The Hindu January 01, 2026 20:12 UTC