The corpus of the NB–FoF is based on PFRDA-permitted limits for alternative investments under NPS.
As per extant PFRDA guidelines:
- • Up to 1% of AUM (Government Sector) may be allocated to alternative assets (including AIFs).
- • Up to 5% of Scheme E & C AUM (Non-Government Sector) may be invested in alternative assets (including AIFs).
The corpus of the NBV–FoF is based on PFRDA-permitted limits for alternative investments under NPS. Pension Funds may invest up to 5% of Scheme E & C AUM for the Non-Government Sector and up to 1% of AUM in AIFs for the Government Sector. The FoF corpus will be created within these limits based on actual allocations by participating Pension Funds.
Note: The regulatory ceiling also includes investment in Gold/Silver ETFs & REITs/InvITs.