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Pension Fund Regulatory and Development Authority (PFRDA) on Thursday said it expects to finalise the assured return product under the National Pension System (NPS) by the end of this fiscal.
The regulator’s Chairman Supratim Bandyopadhyay said talks were already held last year on the minimum assured return product.
NPS is a market linked insurance product and it has been generating returns close to 10 per cent in the last ten years.
Addressing a news conference, Bandyopadhyay said that whatever guaranteed products were there in the insurance sector, they were slowly withdrawn as it was felt that they were not feasible for a long period for the organisations. Even market regulator Sebi does not encourage any guaranteed products.
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