PFRDA releases Consultation Paper to Align Valuation Guidelines with Core Objectives of Long-Only Pension Funds investing in Government Securities and calculation of Net Asset Value (NAV)

India, Oct. 21 -- The Government of India has issued a release:

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 towards improving governance, protecting subscriber interests and contributing for India's broader financial and infrastructural growth.

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