National Pension System: This body wants ban on gold investment lifted
As the precious metal increasingly becomes mainstream through progressive initiatives of the government, the World Gold Council is pitching gold as a permissible asset class in National Pension System (NPS) which is regulated by PFRDA. Gold is a proven source of long-term returns, a diversifier that can mitigate losses in times of market stress, a liquid asset with no credit risk that has outperformed fiat currencies, and a means to enhance overall portfolio performance
Gold investments are not permitted by pensions regulator PFRDA at present. It allows investments in equity, corporate bond, government debt and others like alternative investment funds, real estate investment trusts (REITs), etc. Image source: Reuters