PFRDA will give perpetual licences to fund managers: Supratim Bandyopadhyay

Licences for perpetuity means these would not be revoked unless a fund manager itself wants to exit or it violates some terms. The fund managers will only need to pay fee for renewing licences

Indivjal Dhasmana | New Delhi Last Updated at March 9, 2020 03:08 IST

The Pension Fund Regulatory and Development Authority (PFRDA) will issue request for proposals (RFPs) in the next two months and select fund managers for perpetuity against the current practice of issuing these licences for five years. Supratim Bandyopadhyay, newly appointed chairman of PFRDA, said the authority expected that the existing seven fund managers and some others would apply for these RFPs.

Licences for perpetuity means these would not be revoked unless a fund manager itself wants to exit or it violates some terms. The fund managers will only need to pay fee for renewing ...

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST Rs

Key stories on business-standard.com are available to premium subscribers only.

Already a premium subscriber? LOGIN NOW

Read our full coverage on PFRDA

First Published: Mon, March 09 2020. 01:25 IST

Premium Services In Partnership with


Dear Guest,

PFRDA will give perpetual licences to fund managers: Supratim Bandyopadhyay

Licences for perpetuity means these would not be revoked unless a fund manager itself wants to exit or it violates some terms. The fund managers will only need to pay fee for renewing licences

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST Rs

Already a premium subscriber? LOGIN NOW

Connect with BS