Pvt Sector NPS Subscribers can Invest in AIFs, REITs

NEW DELHI: Regulator PFRDA has created a separate asset class under which private sector National Pension System (NPS) sub scribers can invest up to 5% in AIFs and REITs.The new class is in addition to the existing three categories -equity, corporate bond and government debt. With creation of a separate class, private sector subscribers can now nvest up to 5% of funds in commercial mortgage-based securities or residential mortgaged based securities and units issued by Real Estate Investment Trusts (REITs), and asset backed securities regulated by SEBI. They can also invest in units issued by Infrastructure Investment Trusts and Alternative Investment Funds (AIF).

The Economics Times New Delhi,07th November 2016

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