Mumbai: Shri S. Ramann, Chairperson of the Pension Fund Regulatory and Development Authority (PFRDA), said that 1% of the ₹17 trillion National Pension System (NPS) corpus has been earmarked for investment in Alternative Investment Funds (AIFs). He shared this during a fireside chat at the IVCA Conclave 2026 with S. Sriniwasan, Managing Director of Kotak Alternate Asset Managers and Vice Chairperson of IVCA.

The discussion focused on the importance of long-term capital and the changing investment landscape in India. Ramann highlighted that pension funds can play a significant role in strengthening India’s financial markets and supporting sustainable economic growth.

“The NPS Trust manages assets of around ₹17 trillion on behalf of subscribers. We have earmarked 1% of this corpus for investments in AIFs. With benchmarks prepared by CRISIL, the framework is ready and the focus now is on efficient implementation,” he said.

Ramann also stressed that strong governance, better risk management and transparent systems are essential to attract institutional investments and build a strong retirement savings ecosystem.

He added that fund managers and general partners must ensure high standards of transparency and accountability to gain the trust of institutional investors.

The IVCA Conclave, a key annual event for India’s alternate capital ecosystem, brings together regulators, policymakers, investors and industry leaders to discuss opportunities and challenges in areas such as private equity, venture capital and long-term capital formation.