New Delhi: Pension Fund Regulatory and Development Authority (PFRDA) is working on a new Minimum Assured Return Scheme, Chairman Deepak Mohanty said on Wednesday.
“It is very much at work. There, we have to balance risk and return. If it is assured return, you have to give a guarantee. So, there is a cost to it. We have to infuse more capital into the existing pension funds. We also have to see that the returns look attractive.
Mohanty, who took over as PFRDA chairman earlier this year, did not specify any time frame for launching the scheme.
“It is very much at work. There, we have to balance risk and return. If it is assured return, you have to give a guarantee. So, there is a cost to it. We have to infuse more capital into the existing pension funds. We also have to see that the returns look attractive.
Mohanty, who took over as PFRDA chairman earlier this year, did not specify any time frame for launching the scheme.