Paragraph 5.2.23 Pension Sector
- Text as on
- As issued 15 October 2020; Press Notes since are not applied
5.2.23 PENSION SECTOR
Sector/Activity % of Equity/ Entry Route Pension Sector FDI Cap
49% Automatic
OTHER CONDITIONS
(i) Foreign investment in the Pension Funds is allowed as per the Pension Fund Regulatory
and Development Authority (PFRDA) Act, 2013.
(ii) Foreign Investment in Pension Funds will be subject to the condition that entities
bringing in foreign equity investment as per Section 24 of the PFRDA Act shall obtain necessary registration from the Pension Fund Regulatory and Development Authority and comply with other requirements as per the PFRDA Act, 2013 and Rules and Regulations framed under it for so participating in Pension Fund Management activities in India.
(iii) An Indian pension fund shall ensure that its ownership and control remains at all times in the hands of resident Indian entities as determined by the Government of India/PFRDA as per the rules/regulation issued by them from time to time.