The corpus of the NB–FoF is based on PFRDA-permitted limits for alternative investments under NPS.
As per extant PFRDA investment 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).
Note: The regulatory ceiling also includes investment in Gold/Silver ETFs & REITs/InvITs.
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