New Delhi, Sept. 16 -- India's pension fund regulator has allowed fund managers under the National Pension System (NPS) to roll out tailored schemes, allowing the launch of 100% stock portfolios for non-government subscribers

"The framework removes constraints on diversification and provides subscribers with greater scope for aligning their investments with their evolving retirement and wealth-building goals," a circular released by the Pension Fund Regulatory and Development Authority (PFRDA) on Tuesday said.

The PFRDA order will come into effect on 1 October.

Under the multiple scheme framework (MSF), the pension regulator said that NPS subscribers will now be able to hold and manage multiple schemes through Permanent Retirement Acco...