vignesh
946
Hi pankaj,
pls go through the link http://articles.economictimes.indiatimes.com/2011-11-23/news/30433318_1_nps-trust-fund-managers-investment-norms Why govt has not done any action???
while buying the units of the fund manager s own company is the expense ratio paid by investor s money? Who is actually responsible for looking after whether the fund managers actually sticking to the allocation or not?
As of now Pension Fund Regulatory and Development Authority(PFRDA) is responsible for making sure all fund manager stick to the rules.
Like other Govt department functioning, there may be issues in functioning and supervision of this department as well. But as time will progress and issues are raised by public, media and RTI, they will have to improve.
NPS is still pretty new and not many people have invested in it (apart from Govt servants). After direct tax code, when there will be limited investment options, NPS will become a hit and so there would be better and stronger policies.
PFRDA bill was recently tabled in parliament and soon it will become law. Thus its bound to improve in future.
Thanks pankaj
