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Let Government Staff’s Pension Funds To Invest 50% In Equities: PF Body

  ¬†Hyderabad: The pensions fund regulator PFRDA wants government to more than treble investment levels in equity markets by government subscribers under the National Pension System (NPS) up to 50 per cent from 15 per cent now. The regulator has sent a proposal to government seeking to allow government subscribers (state and Central government employees) invest up to 50 per cent in equities under the NPS, Pension Fund Regulatory and Development Authority chairman Hemanth Contractor said here on Thursday. The authority manages about Rs. 1.70 trillion of funds belonging to…

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Mutual Funds Roll Out Aadhaar Facility for Investors

New Delhi: To make it easier for investors to buy or sell mutual fund products, fund houses are offering the facility of investing in such products by using the Aadhaar number. The investor can invest online in mutual fund products even if the person is not compliant with Know Your Client (KYC) details. The new service will help investors buy or sell mutual fund (MF) products in a simpler and faster way. The move comes after Sebi issued guidelines to change the existing norms for investing in mutual funds. Quantum…

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