PFRDA Widens Pension Fund Investment Choices: Top 250 Stocks
Why in the news
PFRDA loosened investment rules for private pension funds in a circular dated 10 December 2025, effective at once.
Key facts
- Regulator: PFRDA; context: National Pension System (NPS).
- Equity choice now spans the top 250 stocks by market capitalisation.
- Gold and silver ETFs are now allowed.
| Aspect | Earlier | Now |
|---|---|---|
| Equity universe | 200 approved stocks | Top 250 by market cap |
| Commodities, ETFs | Restricted | Gold and silver ETFs |
Significance
- Funds get less concentration risk; subscribers get diversified options.
- Likely extra demand for top 250 stocks and gold or silver ETFs.
Exam angle
- 200 stocks changed to 250; new asset type: gold and silver ETFs.