Question: Recently, changes in investment rules have been made by Pension Fund Regulatory Authority PFRDA. From which date will the new rule apply?
(a) March 3, 2017
(b) March 25, 2017
(c) March 31, 2017
(d) April 1, 2017
Ans: (d)
Related Facts:-
- On March 1, 2017; changes in investment rules have been made by the Pension Fund Regulatory and Development Authority (PFRDA).
- Under the new rule, the shareholders in National Pension System (NPS) will be allowed to make changes in their asset allocation twice in a financial year.
- The new rule will apply from April 1, 2017.
- Although NPS shareholders can shift their investments once in a year in equity, corporate bonds and government securities.
Related Facts:-
http://pfrda.org.in/WriteReadData/Links/multiplechoice123ea68491f-d4cf-44ca-bcb6-61f9c3db58e2.pdf
http://nupeap.blogspot.in/2017/03/pfrda-circular-on-multiple-choice-to.html