New Delhi, Oct. 21 -- The Pension Fund Regulatory and Development Authority (PFRDA) has released a comprehensive Consultation Paper titled "Alignment of Valuation Guidelines with the core objectives of Long-only Funds when investing in Government Securities and calculation of Net Asset Value (NAV)".The framework proposed is part of PFRDA's ongoing commitment to improving governance, protecting subscriber interests, and contributing to India's broader financial and infrastructural growth, according to the Union Ministry of Finance.

The Consultation Paper, dated October 17, 2025, proposes the adoption of a dual valuation framework ('accrual' and 'fair market') for long-dated Government Securities held in NPS/APY to achieve three key purpos...