Pension Fund
Regulatory and Development Authority has constituted a high-level Strategic
Asset Allocation and Risk Governance committee
¨
Pension Fund Regulatory and Development
Authority (PFRDA) has constituted a high-level Strategic Asset Allocation and
Risk Governance (SAARG) committee under the chairmanship of Narayan
Ramachandran, former Country Head and Chief Executive Officer (CEO) of Morgan
Stanley India, to review, recommend, and modernize the investment framework
under the National Pension System (NPS).
¨ The committee will undertake a
comprehensive review of the existing NPS investment guidelines and compare them
with leading global pension systems and the evolving Indian investment
ecosystem.
¨
The committee will compare the NPS
investment framework with major pension systems of the world and the changing
Indian investment ecosystem and will submit its recommendations to PFRDA within
nine months.
¨ The objective of SAARG is to modernize the
NPS framework, improve risk governance, expand subscriber choice, and support
long-term retirement wealth creation.
Overview of the
SAARG committee
¨ Structure: The 10-member committee
includes distinguished experts from capital markets, asset management, and
securities law, including one Executive Director (ED) of PFRDA as a member.
Members of the
committee
1. Anant Narayan, former Whole-Time Member,
Securities and Exchange Board of India (SEBI)
2. Devina Mehra, Founder and Chairperson and
Managing Director (CMD), First Global (PMS and Global Funds) – Portfolio
Management Services (PMS)
3.
Kalpen Parekh, Managing Director (MD) and
Chief Executive Officer (CEO), DSP Mutual Fund
4. Prashant Jain, Chief Investment Officer
(CIO), 3P Investment Managers;
5.
Rajeev Thakkar, CIO, PPFAS Asset
Management Private Limited (PPFAS AMC)
6. Ramdev Agrawal, Co-founder, Motilal Oswal;
Chairman and Co-founder, Motilal Oswal Financial Services Limited (MOFSL)
7. Shankaran Naren, CIO, ICICI Prudential
Asset Management Company Limited (ICICI Prudential AMC)
8. Sumit Agrawal, Founder, Regstreet Law Advisors
9. Ashok Kumar Soni, Executive Director (ED), PFRDA.
