For this, the regulator, has already sent a proposal to the GoI, requesting to allow government subscribers (State and Central government employees) to invest up to 50 percent in equities, under the NPS, chairman, Hemanth Contractor, said in Hyderabad on Thursday, in conversation with a leading business daily.
The authority oversees about Rs 1.70 trillion of funds owned by 1.5 crore subscribers, who come from govt and non-govt sectors, out of which 85% are govt subscribers that are handled by seven fund managers.
Contractor added that they have asked the govt to make available, same choices to the govt subscribers as provided to non-govt subscribers, who can invest about 50% in equity. Since govt subscribers hold a bulk of funds, heavy liquidity can float into equity market.
He also advised the govt to raise the age limit for subscribers of Atal Pension Yojana to 50, from the current 40; and to raise the pension slab from current Rs 5000 to Rs 10000 a month.
Contractor concluded that they are hopeful that these suggestions will be implemented.