A well endowed domestic pension fund in India will be the panacea for a robust and sustainable capital market - U K Sinha, Chairman, SEBI says at CII 6th Capital Markets Summit
“A well endowed domestic pension fund in India will be the panacea for a robust and sustainable capital market”. Speaking at the 6 th Capital Markets Summit of Confederation of Indian Industry at Mumbai today, Chairman of Securities and Exchange Board of India (SEBI) mentioned that India does not have too many large domestic institutional investors who could invest in Indian capital markets. The Indian Capital Markets have a large corpus of Foreign Institutional Investment and there is a huge window for long term equity investment in the markets for domestic pension funds which will reduce the vulnerability of the Capital markets. Further the Chairman, SEBI urged the industry to look at National Pension System of Pension Fund Regulatory and Development Authority (PFRDA) as a social security option for their employees to ensure that large corpus of long term funds are made available for investment in Capital Markets. The budget announced last month has made investment in NPS even mo