India’s pension funds have now more investment options
Pension fund managers will now have more investment options, with InvITs finally becoming a reality after two years and REITs in the offing.
Pension regulator PFRDA has created a separate asset class for investment under which the funds can be invested into newly created trusts InvITs and REITs.
PFRDA has issued a revised investment guidelines for National Pension System (NPS) schemes (for private sector), which came into effect from May 8.
The revised guidelines comes in the backdrop of two Infrastructure Investment Trusts (InvITs) hitting capital market to raise funds.
Real Estate Investment Trusts (REITs) are yet to make their debut despite push from the government and market regulator SEBI as property market is facing a multi-year slowdown.
Global investment firm Blackstone, along with its joint venture partner Embassy group, is making preparation to launch REITs. The other developers are also consolidating their rental assets so that they could consider listing their assets under REITs.
Full Content: Z News
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