INDIA - The Insurance Regulatory and Development Authority (IRDA) of India is not in favour of fixing a cap on the number of players in the pension fund sector. And investment of pension funds in equity markets, as it exists today in India, is not advisable, according to N Rangachary, chairman of IRDA.
IRDA is of the view that there should not be any ceiling on the number of pension fund providers and the schemes that they can offer, said Rangachary. However, referring to the IRDA report on pensi...
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