Darashaw To Set Up Pooled Pension Fund

Darashaw, one of the largest service providers in the pension and provident fund investment and advisory industry, plans to set up a pooled pension fund for the first time in the country. The company, a seventy-year old broking and investmtne banking house, was the first to develop a dealing desk for the pension market

It currently covers 400 of the largest pension and provident funds with a corpus of over Rs 15,000 crore. At a seminar organised by Darashaw here yesterday C V S Reddy, additionl central provident fund commissioner, said the employees pension scheme, which came into force in 1995, will cater to the interests of a larger section of the society.

The conference, Force Reckon, was on 'Strategic Management of pension and provident funds'