Overview
- The Strategic Asset Allocation and Risk Governance committee will conduct a comprehensive review of NPS investment norms for both government and non-government sectors.
- Narayan Ramachandran, former Morgan Stanley India chief, will chair the group.
- Its remit spans strategic asset allocation, potential new asset classes, asset–liability management, valuation of alternatives, liquidity measures, governance architecture, and sustainability integration.
- Objectives include better long-term retirement outcomes through improved diversification, stronger risk management practices, and expanded subscriber choice.
- Named members include Ananth Narayan, Raamdeo Agrawal, Kalpen Parekh, Devina Mehra, Prashant Jain, Rajeev Thakkar, Sankaran Naren, Sumit Agrawal, and PFRDA’s Ashok Kumar Soni, with no rule changes until the report is submitted within nine months.